The increasing acceptance of polymer gel for myriad applications – especially across the medical sector is slated to stimulate crosslinked gel market share over the years ahead. Pertaining to their inherent characteristic of bio-compatibility, polymer gels are massively used in tissue engineering. In addition, their rubbery and soft nature tends to minimize tissue irritation pertaining to which polymer gels are preferred by cosmetic product manufacturers. The increasing popularity of soft gels among pharmaceutical companies due to their functional benefits such as excellent stability and extended shelf life is thus slated to boost crosslinked gel industry share over the years ahead. The composition of crosslinked gel is used not only for industrial wastewater treatment but also in oil and gas drilling for waste solidification. In this regard, the growing industrialization across the globe is likely to have a positive impact on product demand. For the record, in 2016 polymer gel market collected a revenue of USD 38 billion.
Currently, hydrogels are becoming rather popular for medical applications subject to their unique properties like high gel strength, longer service life, and higher water absorption capability as compared to their counterparts. Hydrogel provides benefits over drug delivery due to its porous nature. In addition to medical applications, hydrogels are also preferred in several other applications including agriculture, electric & electronics, and personal care. Taking into account the surging use of hydrogels in various domains, polymer gel market size from hydrogel products is slated to register a CAGR of above 8.5% over 2017-2024. Furthermore, scientists are looking forward to using hydrogel in several cancer therapies for delivering safer and effective immunotherapy and chemotherapy. Thus, the increasing preference for hydrogels for effective drug delivery is likely to have a positive influence on crosslinked gel industry trends over the years ahead.
The report titled “Polymer Gel Market Size By Raw Material, By Product, By Form, By Application, Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2024” has been published in January 2018. To understand the industry better, request a sample of this report @ https://www.gminsights.com/request-sample/detail/2256
The O&G sector is another pivotal end-use domain of crosslinked gel market. In fact, in 2016, the oil and gas sector accounted for 60% of the aerogel-based polymer gel industry. Increasing excavation and exploration activities across oil & gas sector are thus likely to fuel product demand on a large scale over the years ahead. The use of polymer gel helps to control mobility between water and oil by increasing the viscosity of injected water. In addition, it is also used as an insulating agent in various subsystems of LNG terminals such as pumps, passive fire protection, bellows, and vertical piping & equipment. The stringent rules formed by several regulatory bodies for carrying out sustainable operations at oil and gas excavation sites in order to minimize heat generation and emission are likely to stimulate crosslinked gel market share over the years ahead, owing to increasing use of aerogels for insulations purposes.
In order to comply with the myriad regulations enforced by authorized agencies, many of the giants in crosslinked gel industry are focusing on the development of renewable and bio-based materials. In fact, one of the leading players in crosslinked gel market, BASF has already invested in research and development activities to innovate competitive raw material alternatives. Speaking of which, some of the noteworthy players in crosslinked gel industry comprise KAO Corporation, 3M, Cardinal Health, LG Chem Ltd., B. Braun Melsungen AG, Smith & Nephew, Cooper Company, Hydrogel Healthcare Ltd., and Medline Industries Inc.