Market Size of Hydrogel Industry
Study Period | 2019 - 2029 |
Market Size (2024) | USD 23.16 Billion |
Market Size (2029) | USD 32.62 Billion |
CAGR (2024 - 2029) | 7.10 % |
Fastest Growing Market | Asia Pacific |
Largest Market | Asia Pacific |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
Hydrogel Market Analysis
The Hydrogel Market size is estimated at USD 23.16 billion in 2024, and is expected to reach USD 32.62 billion by 2029, growing at a CAGR of 7.10% during the forecast period (2024-2029).
The COVID-19 pandemic harmed the hydrogel sector. Global lockdowns and severe rules enforced by governments resulted in a catastrophic setback as most production hubs were shut down. Nonetheless, the business has been recovering since 2021 and is expected to rise significantly in the coming years.
- Over the short term, the increasing application of hydrogel in the healthcare industry and the surge in adoption in the agriculture industry are expected to drive the market's growth.
- However, the high production cost of hydrogel is expected to hinder the market's growth.
- The emergence of a new application area for hydrogel and rising awareness and adoption of hydrogel in the biomedical and personal care sector will act as an opportunity for the market studied.
- The Asia-Pacific region dominated the global hydrogel market with a significant share, and it is expected to register the fastest CAGR during the forecast period.
Hydrogel Industry Segmentation
Hydrogel is a three-dimensional network of hydrophilic polymers that can retain large amounts of water. It can be derived from synthetic or natural polymers. Hydrogels are responsive to external stimuli such as temperature, pH, etc., and can change their function and structure according to the external environment. The hydrogel market is segmented by structure, material, end-user industry, and geography (Asia-Pacific, North America, Europe, South America, Middle-East, and Africa). The market is segmented by structure into amorphous, semi-crystalline, and crystalline. The market is segmented into polyacrylate, polyacrylamide, silicone, and other materials. The market is segmented into personal care and hygiene, pharmaceuticals, healthcare, food, agriculture, and other end-user industries by end-user industry. The report also covers the market size and forecasts for the hydrogel market in 15 countries across major regions. The market sizing and forecasts have been done for each segment based on revenue (USD).
Structure | |
Amorphous | |
Semi-crystalline | |
Crystalline |
Material | |
Polyacrylate | |
Polyacrylamide | |
Silicone | |
Other Materials (Agar, Gelatin, PVP, and PEG) |
End-user Industry | |
Personal Care and Hygiene | |
Pharmaceuticals and Healthcare | |
Food | |
Agriculture | |
Other End-user Industries (Forensics and Research) |
Geography | |||||||
| |||||||
| |||||||
| |||||||
| |||||||
|
Hydrogel Market Size Summary
The hydrogel market is poised for significant growth, driven by its expanding applications in healthcare and agriculture. Despite the setbacks caused by the COVID-19 pandemic, which led to production halts and supply chain disruptions, the market has shown resilience and is on a recovery trajectory. The increasing use of hydrogel in medical and agricultural sectors is expected to propel market expansion. However, the high production costs of hydrogel present a challenge to market growth. Opportunities are emerging in new application areas, particularly in biomedical and personal care sectors, which are expected to further stimulate market demand. The Asia-Pacific region, with its robust personal care, hygiene, agriculture, pharmaceuticals, and healthcare industries, is a dominant player in the global hydrogel market and is anticipated to experience the fastest growth rate during the forecast period.
Hydrogel's unique properties, such as superior water absorption, biocompatibility, and micro-porous structure, make it an ideal material for hygiene products, which are increasingly in demand due to heightened awareness of hygiene practices. Initiatives by organizations like the World Bank Group and UNICEF to promote menstrual hygiene management are expected to boost hydrogel demand in hygiene products. The personal care industry, driven by the rise of e-commerce and new brands, is also a significant contributor to hydrogel market growth. Key players in the personal care sector, such as L'Oréal and Procter & Gamble, continue to dominate the market, while the pharmaceutical industries in China and India are expanding, further driving hydrogel demand. The market remains fragmented, with major companies like 3M, Johnson & Johnson Services, Inc., and CooperVision holding substantial market shares, actively innovating to meet growing environmental and consumer demands.
Hydrogel Market Size - Table of Contents
-
1. MARKET DYNAMICS
-
1.1 Drivers
-
1.1.1 Increasing Application in the Healthcare Industry
-
1.1.2 Surge in Adoption in Agriculture Industry
-
1.1.3 Other Drivers
-
-
1.2 Restraints
-
1.2.1 High Production Cost of Hydrogel
-
1.2.2 Other Restraints
-
-
1.3 Industry Value Chain Analysis
-
1.4 Porter's Five Forces Analysis
-
1.4.1 Bargaining Power of Consumers
-
1.4.2 Bargaining Power of Suppliers
-
1.4.3 Threat of New Entrants
-
1.4.4 Threat of Substitute Products and Services
-
1.4.5 Degree of Competition
-
-
-
2. MARKET SEGMENTATION (Market Size in Value)
-
2.1 Structure
-
2.1.1 Amorphous
-
2.1.2 Semi-crystalline
-
2.1.3 Crystalline
-
-
2.2 Material
-
2.2.1 Polyacrylate
-
2.2.2 Polyacrylamide
-
2.2.3 Silicone
-
2.2.4 Other Materials (Agar, Gelatin, PVP, and PEG)
-
-
2.3 End-user Industry
-
2.3.1 Personal Care and Hygiene
-
2.3.2 Pharmaceuticals and Healthcare
-
2.3.3 Food
-
2.3.4 Agriculture
-
2.3.5 Other End-user Industries (Forensics and Research)
-
-
2.4 Geography
-
2.4.1 Asia-Pacific
-
2.4.1.1 China
-
2.4.1.2 India
-
2.4.1.3 Japan
-
2.4.1.4 South korea
-
2.4.1.5 Rest of Asia-Pacific
-
-
2.4.2 North America
-
2.4.2.1 United States
-
2.4.2.2 Canada
-
2.4.2.3 Mexico
-
-
2.4.3 Europe
-
2.4.3.1 Germany
-
2.4.3.2 United Kingdom
-
2.4.3.3 Italy
-
2.4.3.4 France
-
2.4.3.5 Rest of Europe
-
-
2.4.4 South America
-
2.4.4.1 Brazil
-
2.4.4.2 Argentina
-
2.4.4.3 Rest of South America
-
-
2.4.5 Middle-East and Africa
-
2.4.5.1 Saudi Arabia
-
2.4.5.2 South Africa
-
2.4.5.3 Rest of Middle-East and Africa
-
-
-
Hydrogel Market Size FAQs
How big is the Hydrogel Market?
The Hydrogel Market size is expected to reach USD 23.16 billion in 2024 and grow at a CAGR of 7.10% to reach USD 32.62 billion by 2029.
What is the current Hydrogel Market size?
In 2024, the Hydrogel Market size is expected to reach USD 23.16 billion.