MRC Announces the Publication of its Research Report – Global Water-soluble Polymer Market 2017-2021
MRC recognizes the following companies as the key players in the global water-soluble polymer market: Akzo Nobel, Arkema, Ashland, BASF, and The Dow Chemical Company.
Other Prominent Vendors in the market are: Chemstar Products Company, KURARAY, Solvay, SNF Group, and Sigma-Aldrich.
Commenting on the report, an analyst from MRC’s team said: “One trend in the market is growing demand from the pharmaceutical industry. Water-soluble polymers are used in the making of drug delivery systems in pharmaceutical industries. For instance, polyacrylamides that contain less than 0.18% of acrylamide monomers are used in soft-shell gelatin capsules for the film-forming purpose. The pharmaceutical industry is growing at a rapid pace due to the increasing rate of diseases.”
MRC recognizes the following companies as the key players in the global water-soluble polymer market: Akzo Nobel, Arkema, Ashland, BASF, and The Dow Chemical Company.
Other Prominent Vendors in the market are: Chemstar Products Company, KURARAY, Solvay, SNF Group, and Sigma-Aldrich.
Commenting on the report, an analyst from MRC’s team said: “One trend in the market is growing demand from the pharmaceutical industry. Water-soluble polymers are used in the making of drug delivery systems in pharmaceutical industries. For instance, polyacrylamides that contain less than 0.18% of acrylamide monomers are used in soft-shell gelatin capsules for the film-forming purpose. The pharmaceutical industry is growing at a rapid pace due to the increasing rate of diseases.”
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According to the report, one driver in the market is increasing initiatives toward guar planting. Guar gum is derived from the endosperms of guar plants. India is the leading producer of guar gum, accounting approximately 81% of the global value. Rajasthan is the leading Indian state that produces approximately 70.12% of guar in India. The Indian government offers subsidies to encourage more guar plantation in the country. Currently, the government is offering 50% subsidy on micronutrient and bio-pesticides utilized in guar plantation. Some vendors, along with cosmetic companies, are undertaking projects to teach farmers on sustainable cultivation methods of guar gum.
Further, the report states that one challenge in the market is increasing economic downturns worldwide. Unforeseen macroeconomic obstacles are expected to indirectly hamper the demand for water-soluble polymers. This was witnessed in the past, during the economic recession of 2008, and recently, with the advent of Brexit and change of presidency in the US. This led to a significant decline in investment patterns of the manufacturing industries, citing new policies and uncertain ROI (Return on investment). Some European countries are still recovering from the Eurozone crisis in 2009, which resulted in low monetary outcome from the manufacturing sector due to financial constraints. Also, post-Brexit, changes in trade agreements between EU countries and the UK has affected the manufacturing industry.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Further, the report states that one challenge in the market is increasing economic downturns worldwide. Unforeseen macroeconomic obstacles are expected to indirectly hamper the demand for water-soluble polymers. This was witnessed in the past, during the economic recession of 2008, and recently, with the advent of Brexit and change of presidency in the US. This led to a significant decline in investment patterns of the manufacturing industries, citing new policies and uncertain ROI (Return on investment). Some European countries are still recovering from the Eurozone crisis in 2009, which resulted in low monetary outcome from the manufacturing sector due to financial constraints. Also, post-Brexit, changes in trade agreements between EU countries and the UK has affected the manufacturing industry.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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