The hydrogel market was valued at USD 10.87 Billion in 2016 and is projected to reach USD 15.33 Billion by 2022, at a CAGR of 6.04% from 2017 to 2022. The base year considered for the study is 2016 and the forecast period is from 2017 to 2022.

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The report aims at estimating the market size and future growth potential of the hydrogel market across different segments, such as raw material type, composition, form, application, and region. It also provides detailed information regarding major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges). The report further aims to study individual growth trends, future prospects, and contribution of various segments to the overall market. The study also analyzes opportunities in the market for stakeholders and provides details of a competitive landscape for market leaders. It strategically profiles key players and comprehensively analyzes their core competencies.

The hydrogel market has been segmented on the basis of raw material type, form, composition, application, and region. Based on composition, the polyacrylate segment is projected to grow at the highest CAGR during the forecast period. The growth of the polyacrylate segment can be attributed to its superior properties, such as high water retention ability and flexibility.

Based on application, the agriculture segment of the hydrogel market is projected to grow at the highest CAGR from 2017 to 2022, as the use of hydrogels helps prevent soil erosion and enhances crop yield.

The poor response of hydrogels in external environment acts as a restraint to the growth of the hydrogel market. Hydrogels are polymeric networks that swell quickly by absorbing large quantities of water or other biological fluids and de-swell in response to the changing environmental conditions. This process of de-swelling makes hydrogels too fragile and hampers their physical strength. Moreover, the response properties and elastic properties of hydrogels are altered with the changing environmental conditions. Furthermore, lack of awareness regarding hydrogels among end users is another factor restraining the growth of the market.

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