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Water-soluble polymer market grows 6% annually

 Last Update: 2022-08-17
 Source: Internet
 Author: User

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According to a research report released by United Markets recently, the global water-soluble polymer market is expected to be US$31 billion in 2017, and will reach US$574 billion by 2025, with an average annual growth rate of 0% during the peri.

In 2017, polyvinyl alcohol accounted for the largest share of the global water-soluble polymer market, accounting for more than 1/3 of total sales, mainly due to its increasing consumption in end-user industries such as textiles and pharmaceutica.

Due to the increase in global crude oil production, the oil extraction industry needs to carry out enhanced oil recovery to increase producti.

In terms of regions, the Asia-Pacific region accounted for the largest market share in 2017, accounting for about 41% of the market value, mainly due to rapid economic development and rapid growth in the production of pharmaceutical produc.

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