Hydrogel Market: Global Industry Analysis And Forecast (2024-2030)

Hydrogel Market size was valued at USD 29.18 Bn. in 2023 and the Hydrogel Market revenue is expected to grow at 7.2 % from 2024 to 2030, reaching nearly USD 47.47 Bn.
Hydrogel Market Overview:
Hydrogel is a material that contains three-dimensional water. This is made feasible by the hydrophilic nature of these elements. The manufacturing of hydrogel involves a variety of variables. Polymers, polyacrylates, polyvinyl alcohol, and acrylate polymers are all present. The hydrogel's special qualities are driving the market's rapid rise. Hydrogel is widely used in many different industries. The industries with the most market demand include contact lenses, cleanliness, medicine delivery, and healthcare. On the market, there are numerous varieties of the hydrogel.To know about the Research Methodology:-Request Free Sample Report

Hydrogels that are natural, synthetic, and hybrid are some of the versatile types. The hybrid hydrogel component has seen increased demand in recent years. Hydrogel is widely used in the microwave and pharmaceutical industries. The use of various hydrogel components in these industries is widespread, which is driving up demand for hydrogel products. Hydrogel is one of the more well-liked products due to its polyacrylate component. The product is in high demand because of its flexibility, absorbency, and transparency properties. The hydrogel industry has seen increased demand over the past ten years in the agricultural sector. This market has a strong supply and grows quickly thanks to the demand from this industry.
Research Methodology:
In order to evaluate and forecast the hydrogel market, MMR first collected information on the revenues of the major players. Vendors' products are evaluated using the following parameters to segment the market: by Raw Material Type (Synthetic, Natural, Hybrid) Composition (Polyacrylate, Polyacrylamide, Silicone-modified hydrogels (SiH), Agar, Others)Form (Semicrystalline, Amorphous) End User (Personal Care and Hygiene, Pharmaceuticals and Healthcare, Food, Agriculture, Other). Later, in order to corroborate these divisions through primary research, in-depth interviews with prominent individuals, including chief executive officers (CEOs), vice presidents (VPs), directors, and executives, were undertaken.

Market size is determined by using the bottom-up technique. Primary and secondary research is carried out to identify the major market participants in the Hydrogel sector and to calculate their market revenues. Instead of using secondary research, a primary research strategy was used, which involved reading the annual and financial reports of the major manufacturers and speaking with prominent opinion and business leaders in the field, such as CEOs and marketing executives. Johnson & Johnson, Cardinal Health, The 3M Company, Coloplast , B. Braun Melsungen, Smith & Nephew ,Derma Sciences are a few of the major competitors in the global carbon black industry. They will continue to plan mergers and acquisitions to boost their market shares and growth potential during the forecast period.

Report scope:

The goal of the research is to give market participants a detailed understanding of the hydrogel market. In the report, the market's recent ongoing, and estimated future developments are examined. It also offers an easy analysis of complicated data. One of the main factors who actively and thoroughly conduct research is new entrants, market leaders, and followers. The research shows the outputs of the PORTER and PESTEL assessments in addition to potential outcomes of the microeconomic market components. Decision-makers will have a clear futuristic perspective of the market after taking into account internal and external factors that could have a positive or negative impact on the organization.

Investors can better grasp the dynamics and structure of the carbon black market thanks to the market segmentation analysis and market size forecast in the study. By clearly laying out the comparative study of the top hydrogel enterprises by price, financial status, product, product portfolio, growth strategies, and regional presence, the research serves as a buyer's guide.
Hydrogel Market Dynamics:
Market Drivers:

A key demand generator for the market is the need from the microwave industry. Hydrogel has a characteristic that makes it microwave-safe. The product's hydrophilic properties make it more necessary in this application. Microwaves are frequently used in cooking today. The use of hydrogel is increasing as a result of this trend. Another factor driving the growth of the hydrogel market is the growing use of hydrogel in the medical sector. A key ingredient in the medical industry is a hydrogel.

Growing consumer interest in the hydrogel is driving up market demand. There is a lot of exposure to the hydrogel product in the COVID 19 sessions. The market's overall share improve as a result of this adoption by various industries. The developing countries are increasing market investments. Large-scale investments are being made by nations like China, Japan, and India. One of the main market drivers is how common hydrogen is in these areas. Governmental market-related efforts are also growing. Numerous countries are willing to invest in hydrogels. Governmental programs are increasing the rate of hydrogen adoption in a number of areas. These elements contribute to the high income, according to the hydrogel market forecast.

Market Opportunities:

Opportunities for the growth of the hydrogel market result from the product's features. The hydrogel's qualities are outstanding. It is distinctive and adaptable. Growth is sparked mostly by multifunctional qualities such as lubricous, viscoelastic, and permeable characteristics. Owing to these qualities, hydrogel is appropriate for several industries. Owing to these reasons, a hydrogel is widely used in many sectors. The market for hydrogel has several opportunities for growth as more people become aware of the material's benefits. Another element contributing to growth is the increase in the hydrogel market segment. The need for synthetic gels is growing significantly. It is frequently used in medicinal, tissue engineering, and medication delivery applications. The supply increases as a result of this market segment's growth. Another development prospect in this market is the demand from the personal care and hygiene sector.

The hydrogel is a part with soft tissue characteristics. They possess physical qualities such as micro porous effect, biocompatibility, and water absorption. It is appropriate for the market for personal hygiene because of all these aspects. The need for sanitary products is becoming more generally known. Profits from feminine hygiene products and newborn hygiene in particular fuel this market's growth. In the forecast years, the personal care market's needs grow significantly. These elements booming this market's potential for overall growth.

Market Challenges:

There has been significant price volatility since the covid pandemic. The market offers a wide range of costs for raw materials, which has an impact on overall output. The entire production is impacted by these varying raw material prices. Additionally, difficulties in the supply chain impact market delivery rates. In the forecast years, the market's supply chain disruptions will persist. The impact on supply rates is reducing as a result. The market was impacted by the additional difficulties associated with COVID 19, such as decreased manufacturing. The market's lower production rates also have an impact on demand levels. According to a market analysis of hydrogel, these reasons hamper sales.

Market Restraints:

A complicated substance, hydrogel, as a result of its chemical makeup, contains three parts water. This market's manufacturing process is essential. The final result was harmed by even small errors. A market constraint is the industrial process' complexity. Because of the complexity, the high production cost is a problem. For the previous few years, there have been strong production rates on the market. This has an impact on this market's revenue. The manufacturing pace hinders the growth of the market in the forecast years.
Hydrogel Market Segment Analysis:
Based on Raw Material Type, The Synthetic segment is expected to grow at the highest CAGR during the forecast period. Synthetic hydrogels have high water absorption rates, long service lives, and strong gels. Fortunately, synthetic polymers frequently have clearly defined structures that can be altered to provide tailorable flexibility and degradability. The need for synthetic hydrogel is expected to grow as a result of these causes.Based on Composition, The Polyacrylate segment is expected to grow at the highest CAGR during the forecast period. The water-retention ability of polyacrylate hydrogels, which boosts their suitability for use in personal care and hygiene applications, may be the cause of this growth. Improved hydrogel properties including transparency and elasticity have also helped the polyacrylate market grow.Based on Form, The Tire segment is expected to grow at the highest CAGR during the forecast period. Superabsorbent hydrogel polymers include semi-crystalline hydrogels. Owing to this, the use of semi-crystalline hydrogels treating postoperative wounds, venous leg ulcers, and pressure ulcers has increased.

Based on End User, The Personal Care and Hygiene segment is expected to grow at the highest CAGR during the forecast period. Hydrogel is regarded as the ideal material for use in hygiene products owing to its soft and tissue-like physical qualities, water absorption, strong oxygen permeability, improved biocompatibility, micro-porous structure for extra transport routes, and many other properties. Making smaller pads with more absorbency under load, enhanced swelling pressure, and increased suction power is the aim of the hygiene product industry. Owing to its qualities, using hydrogel is, therefore, the best choice. The market for infant diapers and feminine hygiene products is expected to reach over USD 95.90 billion in 2023, up about 6.5% from the current year, according to MMR research. Additionally, in 2024, the market is expected to grow to USD 102.13 billion.In particular, menstrual hygiene management (MHM) for women and teenage girls is being promoted by organizations including the World Health Organization, World Bank Group, and UNICEF. Under the Swachh Bharath Mission, the World Bank Group launched a major sanitation initiative in India. With this surgery, the community as a whole including boys and men is becoming more aware of the need to eliminate the stigma associated with menstruation. For instance, the US market for personal care products was estimated to be worth USD 80,213 million in 2022 and is expected to rise to USD 99.8 million by 2026, which is expected to boost hydrogel demand there. Owing to all of these reasons, the demand for hydrogel is driven by personal care and hygiene goods globally.
Hydrogel Market Regional Insights:
The market is dominated by the Asia-Pacific region in 2023. Owing to the growing personal care and hygiene, agriculture, pharmaceutical, and healthcare industries in several Asia-Pacific nations, including China, India, and Japan, the region controlled the global market share. China is the region's largest consumer of hydrogels in Asia-Pacific. One of the biggest markets for personal hygiene goods in the world is China. The People's Republic of China's Ministry of Finance estimates that in 2022, China's total public spending on cleanliness and health care was around CNY 1.93 trillion.

Additionally, China is the world's second-largest market for pharmaceuticals. The pharmaceutical market is growing quickly, and in the first ten months of 2022, pharmaceutical sales in China totaled CNY 531.54 billion, according to the National Bureau of Statistics of China. Owing to its abundant supply of raw materials and trained labor, India is the third-largest pharmaceutical market in terms of volume and the 13th most important in terms of value. The India Brand Equity Foundation estimates that in FY21, India's pharmaceutical exports were USD 24.45 billion.

A scant 0.24 percent more than the revised estimate of INR 86,000.68 crore in the Union Budget 2022–23, the Ministry of Health and Family Welfare (MoHFW) in India has been given an allocation of INR 86,200.66 crore (Budget estimate – BE) for 2022–23. The actual spending for the fiscal year 2022–23 of INR 80,693.93 crore is 6.9 % greater than the existing budget allotment. In India, 59 % of the population relies mostly on agriculture for their living. The gross value generated by agriculture (together with fishing and forestry) was USD 276.39 billion in the fiscal year 2022, according to the India Brand Equity Foundation (IBEF). As a result, it is expected that the aforementioned elements will have a big effect on the market in the forecast period.
Hydrogel Market Scope: Inquire before buying



Global Hydrogel Market


Report Coverage
Details


Base Year:
2023
Forecast Period:
2024-2030


Historical Data:
2018 to 2023
Market Size in 2023:
USD 29.18 Bn.


Forecast Period 2024 to 2030 CAGR:
7.2 %
Market Size in 2030:
USD 47.47 Bn.


 Segments Covered:
by Raw Material Type
Synthetic
Natural
Hybrid


by Composition
Polyacrylate
Polyacrylamide
Silicone-modified hydrogels (SiH)
Agar
Others


by Form
Amorphous
Semi crystalline


by End-User
Contact Lenses
Hygiene Products
Wound Care
Drug Delivery
Tissue Engineering
Others



Hydrogel Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria, Turkey, Russia and Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, ASEAN and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina, Columbia and Rest of South America)
Hydrogel Market, Key Players are:
1. Cardinal Health (US)
2. The 3M Company (US)
3. Dow Corning Corporation (US)
4. Integra LifeSciences (US)
5. Momentive Performance Materials Inc (US)
6. Ocular Therapeutix, Inc (US)
7. Ashland (US)
8. Medline Industries (US)
9. Gentell, Inc. (US)
10.MPM Medical (US)
11.AMERX Health Care Corporation (US)
12.Nexgel (US)
13.B. Braun (Germany)
14.AUL HARTMANN AG (Germany)
15.Evonik Industries AG (Germany)
16.BSN Medical GmbH (Germany)
17.BioCat GmbH (Germany)
18.Smith & Nephew (UK)
19.Convatec Group (UK)
20.Coloplast A/S (Denmark)
21.Molnlycke Health Care (Sweden)
22.Royal DSM (Netherlands)
23.Unicorp Biochem (India)
24.KCH India Private Limited (India)
25.Sekisui Plastics Co. Ltd. (Japan)
26.COSMO BIO CO.,LTD. (Japan)
27.Zhuhai Guojia New Material Co., Ltd. (China)

FAQs:

1. Which is the potential market for the Hydrogel Market in terms of the region?
Ans. In APAC region, the growing business and educational sectors are expected to help drive the use of collaborative screens.

2. What are the opportunities for new market entrants?
Ans. The key opportunity in the market is new initiatives from governments that provide funding for Hydrogel Markets in educational institutes

3. What is expected to drive the growth of the Hydrogel Market in the forecast period?
Ans. A major driver in the Hydrogel Market is the prevalence of work from home and remote collaboration created by the COVID-19 pandemic

4. What is the projected market size & growth rate of the Hydrogel Market?
Ans. The Hydrogel Market size was valued at USD 29.18 Billion in 2023 and the total Hydrogel Market revenue is expected to grow at 7.2 % through 2024 to 2030, reaching nearly USD 47.47 Billion.

5. What segments are covered in the Hydrogel Market report?
Ans. The segments covered are Raw material type, composition, form, end user, and, Region.