The natural polymer market is growing continually, witnessing a constant rise in revenues. Market growth attributes to widespread applications of natural polymers in industries such as pharmaceutical, F&B, oilfields, cosmetics & personal care, and packaging, among others. Besides, the vast consumption of natural polymer in oilfield and paints & coating sectors drives the growth of the market. Moreover, the massive demand for natural polymers from the packaging industry escalates the market growth to furthered height.
According to Market Research Future (MRFR), the global Natural Polymer Market is expected to gain colossal traction by 2028, posting a phenomenal CAGR during the anticipated period (2022-2028).
Natural polymers enjoy significant market prominence throughout the year due to rising applications in gelling & thickening agent, stabilizer, emulsions & dispersions, and inhibiting ice & sugar crystal formation in food and beverage items. Leverage to the spurting growth in the O&G industry, the natural polymers market is growing significantly. Natural polymers are extensively consumed in oilfield applications, such as drilling fluid, corrosion inhibitors, mud thickener, and circulation loss control agents.
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Additional factors that are projected to bolster the growth of the market include the increasing population, urbanization, and improving economic conditions worldwide. Increasing R&D investments by the key market players foster the growth of the market, improving manufacturing techniques and associated technologies. Moreover, increasing government interest in the development of technology pushes market growth further.
Global Natural Polymer Market - Segmentations
The report is segmented into three dynamics;
By Type : Cellulose Ethers, Starch & Fermentation Products, Exudate & Vegetable Gums, and others (protein-based polymers, marine polymers, pectin, silk, and wool).
By Application : Pharmaceutical, Oilfield, Food & Beverages, Cosmetics, Packaging, Textiles, and others.
By Regions : Asia Pacific, Americas, Europe, and the Rest-of-the-World.
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Global Natural Polymer Market - Geographical Analysis
North America dominates the global natural polymer market. The largest market share attributes to augmenting demand from various industries such as pharmaceutical and cosmetic & personal care products. Moreover, increasing applications of natural polymers in the oilfield and packaging industry are driving the growth of the regional market.
Furthermore, the presence of leading manufacturers and their superior product offering alongside, the vast consumption of natural polymer in the automotive manufacturing industry, foster the regional market growth. Natural polymer markets in the US and Canada, backed by the high per capita income and technological advancements in these counties, hold considerable shares in the regional market. The North American natural polymer market is projected to retain its leading position throughout the review period.
The Asia Pacific region stands second in the global natural polymer market. The market is majorly fostered by the presence of several notable industry players and the growing industrialization in the region. Moreover, the rising consumption of natural polymers in burgeoning industries, such as food & beverage, packaging, and cosmetics & personal care products, influence the regional market growth.
Moreover, the construction segment is creating an enormous market demand. Furthermore, rising textile applications of silk are fueling the natural polymer market, especially in India and China. Growing construction activities to support the ever-increasing population in China and India is expected to drive the natural polymer market. China holds a significant share in the Asia Pacific oilfield services market. The APAC natural polymer market is anticipated to create a substantial revenue pocket over the assessment period.
The European natural polymer market is emerging as a profitable market globally. Increasing demand for the product, backed by well-developed industries like automotive and personal care & home care manufacturing in some European countries like Germany, Italy, France, and the UK, drives the growth of the regional market.
Global Natural Polymer Market - Competitive Landscape
Fiercely competitive, the global natural polymer market appears to be fragmented due to the presence of many well-established players. To gain a larger competitive share, players incorporate strategic initiatives such as mergers & acquisitions, collaboration, product/technology, and expansion.
Major Players:
Players leading the global natural polymers market include Cargill, Ashland, Incorporated, Economy Polymers & Chemicals, DowDuPont Inc., Encore Natural Polymers, Archer Daniels Midland Company, Novamont S.p.A., Plantic, Marine Polymer Technologies, Inc., Borregaard, and CP Kelco, among others.
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Industry/ Innovation/ Related News:
June 16, 2020 --- EyeGate Pharma (the US), a clinical-stage specialty pharmaceutical company, announced receiving positive feedback from the US FDA regarding the requested packaging for EyeGate's Ocular Bandage Gel (OBG) eye drop. EyeGate is focused on developing and commercializing products for treating eye diseases and disorders. Its Ocular Bandage Gel (OBG) is based on a modified form of the natural polymer hyaluronic acid.
The FDA has also provided EyeGate with a path forward for usages of the MDPF bottle, requesting EyeGate to complete some additional tests before fully approving the packaging for use. Testing procedures are expected to be completed by 2020 in the second half without impacting EyeGate's cash runway.
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