The global hydrogel market size was worth around USD 24.80 Billion in 2022 and is predicted to grow to around USD 35.89 Billion by 2030 with a compound annual growth rate (CAGR) of roughly 4.73% between 2023 and 2030.

Hydrogel is a substance that contains three dimensions of water. The hydrophilic structure of these components facilitates this. There are numerous factors that contribute to the production of hydrogel.

Polymers, polyvinyl alcohol, polyacrylate, and acrylate polymers are employed for this purpose. The market is experiencing significant growth as a result of the distinctive properties of hydrogel, which are the primary market drivers.

Hydrogel Market

Hydrogels are polymers that are extremely absorbent and are employed in a variety of end-use industries, such as medical, agricultural, and personal care. Hydrogels are employed in the healthcare sector for the purpose of tissue engineering, drug delivery systems, and wound dressings.

They are employed as water retention agents and soil conditioners in agriculture. They are employed in a variety of personal care products, including diapers, feminine hygiene products, and contact lenses.

The increasing demand for wound care products, the growing use of hydrogels in drug delivery systems, the growing use of hydrogels in agriculture, and the growing awareness of personal hygiene are the main drivers of hydrogel demand in these industries. Nevertheless, the microwave industry is also gaining traction as a potential application for hydrogels.

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Hydrogels are employed as dielectric materials in microwave antennas, which are employed in a variety of applications, including satellite communications, radar systems, and wireless communication. The distinctive characteristics of hydrogel, including their low loss tangent and high dielectric constant, render them an appealing material for the application of microwave antennas. Consequently, the CAGR of the Hydrogel market worldwide has been augmented in recent years as a result of these factors.

Hydrogel is a substance that is composed of three-dimensional water. The hydrophilic characteristics of these elements make this possible. There are numerous variables that are involved in the production of hydrogel. Polymers, polyacrylates, polyvinyl alcohol, and acrylate polymers are all present.

The rapid growth of the market is being driven by the unique characteristics of the hydrogel. Hydrogel is employed in a variety of industries. Contact lenses, healthcare, medication delivery, and cleanliness comprise the industries with the highest market demand. There are a multitude of hydrogel varieties available on the market.

Hydrogel Market

Some of the versatile varieties of hydrogels include natural, synthetic, and hybrid hydrogels. In recent years, there has been an increase in the demand for the hybrid hydrogel component. Hydrogel is employed extensively in the pharmaceutical and microwave industries.

The demand for hydrogel products is increasing as a result of the pervasive use of a variety of hydrogel components in these industries. One of the most popular products is hydrogel, which is attributed to its polyacrylate component.

The product is in high demand due to its transparency, permeability, and flexibility. In the agricultural sector, the hydrogel industry has experienced a marked increase in demand over the past decade. The demand from this industry is the reason for the rapid growth of this market, which is characterized by a robust supply.

By Raw Material Type:

  • Natural
  • Synthetic
  • Hybrid

 

By Composition:

  • Polyacrylate
  • Polyacrylamide
  • Silicon
  • Others (Agar and PVP)

 

By Form:

  • Amorphous
  • Crystalline
  • Semi-crystalline

 

By Application:

  • Wound Care
  • Contact Lens
  • Drug Delivery
  • Agriculture
  • Personal Care & Hygiene
  • Others

 

Methodology of Research:

MMR first gathered data on the revenues of the main players in order to assess and forecast the hydrogel market. The market is segmented by evaluating the products of vendors based on the following parameters: by Raw Material Type (Hybrid, Natural, Synthetic) Composition (Agar, Polyacrylamide, Silicone-modified hydrogels (SiH), Polyacrylate, Others)Form (Amorphous, Semicrystalline) Pharmaceuticals and healthcare, food, agriculture, personal care and hygiene, and other end users. Later, in order to verify these divisions through primary research, in-depth interviews were conducted with prominent individuals, such as CEOs, VPs, directors, and executives.

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The bottom-up approach is employed to ascertain market extent. In an effort to ascertain the market revenues of the main market participants in the Hydrogel sector, both primary and secondary research was implemented.

A primary research strategy was implemented in place of secondary research. This strategy entailed conversing with prominent opinion and business leaders in the field, including CEOs and marketing executives, as well as reviewing the annual and financial reports of the main manufacturers.

Hydrogel Market

Johnson & Johnson, Cardinal Health, The 3M Company, Coloplast, B. Braun Melsungen, Smith & Nephew, and Derma Sciences are among the major competitors in the global carbon black industry. Throughout the forecast period, they will persist in their efforts to enhance their market shares and growth potential through mergers and acquisitions.

Global Hydrogel Market: Competitive Players

Some of the most important market players in the global hydrogel market are

  • Smith & Nephew Plc
  • 3M Company
  • Alliqua Biomedical, Inc.
  • ConvaTec, Inc.
  • Procyon Corp.
  • Johnson & Johnson
  • HB Fuller Company
  • BSN Medical GmbH
  • AMBU
  • Altergon Italia
  • The Cooper Companies.

 

Global Hydrogel Market: Regional Segment Analysis

  • North America The U.S.
  • Europe The UK France Germany
  • The Asia Pacific China Japan India
  • Latin America Brazil
  • The Middle East and Africa

 

Regional Perspectives on the Hydrogel Market:

In 2023, the Asia-Pacific region is the dominant market. Due to the expanding personal care and sanitation, agriculture, pharmaceutical, and healthcare industries in several nations, including China, India, and Japan, the Asia-Pacific region dominated the global market share.

In the Asia-Pacific region, China is the greatest consumer of hydrogels. China is one of the largest global markets for personal hygiene products. According to the Ministry of Finance of the People's Republic of China, the total public expenditure on health care and cleanliness in China was approximately CNY 1.93 trillion in 2022.

Furthermore, China is the second-largest pharmaceutical market in the globe. According to the National Bureau of Statistics of China, pharmaceutical sales in China reached CNY 531.54 billion during the first ten months of 2022, as the pharmaceutical market is expanding rapidly.

The third-largest pharmaceutical market in terms of volume and the 13th most significant in terms of value is India, which is attributed to its abundant supply of raw materials and trained labor. India's pharmaceutical exports were estimated to be USD 24.45 billion in FY21 by the India Brand Equity Foundation.

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The Ministry of Health and Family Welfare (MoHFW) in India has been allocated INR 86,200.66 crore (Budget estimate – BE) for 2022–23, which is a mere 0.24 percent more than the revised estimate of INR 86,000.68 crore in the Union Budget 2022–23. The actual expenditure for the fiscal year 2022–23 is INR 80,693.93 crore, which is 6.9 % higher than the current budget allocation.

Agriculture is the primary source of income for 59% of the population in India. According to the India Brand Equity Foundation (IBEF), the gross value of agriculture, fishery, and forestry in the fiscal year 2022 was USD 276.39 billion. Consequently, it is anticipated that the market will be significantly impacted by the aforementioned factors during the forecast period.

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