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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Hydrogel Market Size
The global hydrogel market reached approximately USD 28.91 billion in 2023. The market is projected to grow at a CAGR of 7% between 2024 and 2032, reaching a value of around USD 53.27 billion by 2032.
Hydrogel Market Outlook
- The healthcare sector is major driver of hydrogel demand, with applications extending from wound care dressings to tissue engineering.
- There is a growing trend towards customising hydrogel products, particularly in personal care and medical applications.
- Emerging knowledge in polymer chemistry and biological processes is leading to the rising use of hydrogels.
Hydrogel Market Report Snapshots
Hydrogel Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the global hydrogel market attained a value of nearly USD 28.91 billion.
The market is projected to grow at a CAGR of 7% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach nearly USD 53.27 billion by 2032.
The rising use of hydrogel in disposable nappies, hair gel, and plant water storage crystals, the surging demand for contact lenses, and the growing use of smart hydrogels are used as stimuli-responsive materials are the major market drivers.
The key trends fuelling the market growth include the extensive applications of hydrogels in various end-use sectors, the rising use of hydrogels in the agriculture sector, and emerging knowledge in polymer chemistry and biological processes.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The several segments based on structure of hydrogel are amorphous, semi-crystalline, and crystalline.
The major materials of hydrogel are polyacrylate, polyacrylamide, and silicone, among others.
The significant end uses of the product are personal care and hygiene, pharmaceuticals and healthcare, contact lenses, and agriculture, among others.
The major players in the market are Cardinal Health, Inc., 3M Co., Smith & Nephew, CooperVision, Inc., and Johnson & Johnson Services, Inc., among others.
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