Dublin, May 29, 2024 (GLOBE NEWSWIRE) -- The "United States Water Soluble Polymers Market, By Region, Competition, Forecast and Opportunities, 2019-2029F" report has been added to ResearchAndMarkets.com's offering.
The United States Water Soluble Polymers Market has shown a promising start to the forecast period with a projected Compound Annual Growth Rate (CAGR) of 4.72% through 2029, following a valuation of USD 2.53 billion in 2023. This growth is attributed to the rising demand for efficient water treatment solutions and the pivotal role of water soluble polymers in various industrial applications.
Water soluble polymers are gaining traction in the American market, driven by their indispensable use in water treatment processes, which include coagulation and flocculation necessary for purifying water. The water treatment industry remains the backbone of this market's growth, encompassing sedimentation, filtration, and disinfection processes. The food processing industry also contributes significantly to the demand for these polymers, enhancing the quality and stability of food products.
Challenges to Market Prosperity
One of the pivotal challenges faced by the market is the volatility of raw material prices, which directly influences the cost efficacy of water soluble polymers. Fluctuations in the price points of raw materials such as acrylic acid and vinyl acetate monomer (VAM) present unpredictability in production costs and potential repercussions for end-user industries.
Emerging Trends in the Market
The water soluble polymers market is experiencing a paradigm shift toward sustainability and the integration of green chemistry principles in manufacturing processes. The industry is exploring the use of renewable raw materials and the promotion of recycling and biodegradation, reflecting a commitment to reducing the environmental footprint.
Detailed Market Segmentation
Analyzed by type, polyacrylamide is recognized as the fastest-growing segment, prized for its applications in the oil and gas sector's hydraulic fracturing process and its effectiveness in water treatment. Regarding end use, water treatment is projected to maintain a dominant growth trajectory, encompassing both drinking and industrial wastewater. Geographically, the Mid-West region held the largest market share in 2023, a testament to the region's diverse industrial requirements for water soluble polymers.
Market Insights for Strategic Growth
This upward trend of the United States Water Soluble Polymers Market emphasizes the strategic importance of adapting to market demands and regulatory requirements. The industry's movement towards sustainable practices, innovative applications across various industries, and the efficient use of resources, opens a vista of opportunities for stakeholders aiming to expand their footprint and cater to the evolving needs of the market. Key players within the market are encouraged to focus on aligning production processes with sustainability goals, investing in technology to improve efficiency, and continual innovation to maintain competitive advantage in the ever-growing industry.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 84 |
| Forecast Period | 2023 - 2029 |
| Estimated Market Value (USD) in 2023 | $2.53 Billion |
| Forecasted Market Value (USD) by 2029 | $3.3 Billion |
| Compound Annual Growth Rate | 4.7% |
| Regions Covered | United States |
A selection of companies mentioned in this report includes, but is not limited to:
- Ashland Inc
- SNF Holding Co.
- Kemira Chemicals Inc.
- BASF SE
- Arkema SA
For more information about this report visit https://www.researchandmarkets.com/r/mtw8cu
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Attachment
