Global Super Absorbent Polymers Market Size Analysis
According to a research survey conducted by ChemView Consulting, in 2022, the Global Super Absorbent Polymers Market was worth US$ 9,472.3 Mn and is expected to grow at a CAGR of 6.5% over the forecast period. While the historical CAGR is 5.7%, the market is expected to hit US$ 17,780.8 Mn by 2032 end.
Super absorbent polymers (SAPs) are substances that have a high water absorption capacity compared to their mass. Due to their characteristics and nature are widely used in various fields, including medical, civil engineering, soil science, agricultural production, and sanitary goods.
AWARENESS ABOUT PERSONAL CLEANLINESS AROUND THE GLOBE DRIVES THE MARKET
Increased awareness of personal cleanliness and hygiene and rising disposable income among end users are major market drivers. Sales in the market will continue to be driven by the growing usage of super absorbent polymers in producing feminine hygiene products, disposable diapers, and adult incontinence products.
Medical professionals are concentrating on creating incontinence treatments in partnership with manufacturers since urine incontinence is becoming more common. Aside from this, customers are more prepared to spend money on high-quality incontinence products thanks to advantageous healthcare and reimbursement policies implemented by various governments.
Due to high product penetration rates, the diaper market is mature in developed economies. Due to declining birth rates and low fertility rates, it is anticipated that demand for diapers in nations like the US and Japan will expand relatively slowly. Diaper sales in various countries have decreased as a result of this. The market for ultra-absorbent polymers is struggling to develop due to the drop in diaper sales.
Market Segments Covered in Report
By Region and Country:
Why is the Synthetic segment projected to account for the largest share?
The market for super absorbent polymers is dominated by synthetic polymers, which held a share of 91.3% in terms of volume in 2021. Due to its high liquid absorption capacity, sodium polyacrylate is used in personal hygiene applications, a major market driver.
Why is the Personal Care end-use industry expected to be the largest?
During the projection period, the super absorbent polymers market is anticipated to have the largest end-use industry sector in the personal hygiene category. Super absorbent polymers are generally employed as absorbents in a variety of applications, including feminine hygiene, adult incontinence, diapers, and other disposable personal items. The ability of these goods to absorb liquid, urine, or blood is their most important quality.
The absorbent pad’s fiber and polymer-based composition determine its absorption capacity. The polymer in the absorbent pad is created from tiny particles of several acrylic acid derivatives. These specks may hold much water because they function like microscopic sponges. Due to the increasing use of disposable diapers, super absorbent polymers are used extensively in this industry.
The regions analyzed for the market include North America, Europe, Latin America, Asia Pacific, the Middle East, and Africa.
Worldwide players with competitively sophisticated SAP-based products dominate the highly competitive global SAP market. Due to increased demand, top manufacturers are concentrating on forming alliances with significant distributors and boosting their current production capacity. Many manufacturers accomplish this by expanding the number of their international subsidiaries. Additionally, businesses are making substantial investments in R&D to provide clients with cutting-edge and unique products for a range of applications
Some of the key developments that have taken place in the Global Super Absorbent Polymers Market include:
A list of some of the key suppliers present in the market are:
Global Super Absorbent Polymers Market 2022-2032: Report Coverage and Highlights
|Historical data available for||2017-2021|
|Market analysis||USD Million for Value and Tons for Volume, and CAGR from 2022 to 2030|
|Key regions covered||North America, Latin America, Europe, Asia-Pacific, Middle East, and Africa|
|Key countries covered||US, Canada, Brazil, Mexico, Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Saudi Arabia, Turkey, UAE, South Africa, Nigeria, Egypt|
|Key segments covered||By Type, Application, and Region|
|Customization scope||Available upon Request|
|Pricing and purchase options||Available upon Request|
Market Size Data
Value Chain Analysis
North America: U.S., Canada
Latin America: Brazil, Mexico, Argentina, Central America, Rest of Latin America
Western Europe: Germany, Italy, France, UK, Spain, Poland, Romania, Rest of Western Europe
Eastern Europe: Russia & Belarus, Balkan Countries, Baltic Countries, Central Asia, Rest of Eastern Europe
Middle East & Africa: KSA, UAE, Turkey, Israel, Northern Africa, South Africa, Rest of Middle East & Africa
East Asia: China, Japan, South Korea
South Asia & Pacific: India, ASEAN, Australia & New Zealand, Rest of South Asia & Pacific
Why Choose CVC Market Research?;
In the forecast period between 2022 and 2032, the market is expected to grow at a CAGR of 6.5%.
Increased awareness of personal cleanliness and hygiene and rising disposable income among end users are major market drivers.
Key Global Super Absorbent Polymers Market players are Nippon Shokubai Co., Ltd, Evonik Industries AG, BASF SE., Kao Corporation, Sumitomo Seika Chemicals Co. Ltd., Sanyo Chemicals Industries, Ltd., LG Chemicals Ltd, Yixing Danson Technology, Zhejiang Weilong Polymer Material Co., Ltd.
Due to declining birth rates and low fertility rates, it is anticipated that demand for diapers in nations like the US and Japan will expand relatively slowly.
North America is expected to account for the largest market revenue share in the Global Super Absorbent Polymers market.
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