Super Absorbent Polymers Market to Grow Significantly

Pune, India, March, 2019/MRFR Press Release/- Market Research Future has published a half-cooked research report on the Global Superabsorbent Polymers Market.

Market Analysis

The global superabsorbent polymers market is projected to expand significantly at a healthy CAGR during the assessment period (2023-2032). Super absorbent polymers (SAP) simply put are materials having superlative absorbing power that is primarily used for making disposable personal care products. Depending on its composition, it can be either natural or synthetic. Along with personal care products, its other applications include horticulture, agriculture, healthcare and others, where others comprise of industrial water, entertainment, packaging, construction and more.

There are many factors that is driving the growth of the superabsorbent polymers market. Some of these factors as per the Market Research Future (MRFR) report include increase in adult population in developed nations, rising focus of nations on different agricultural activities, trend for compact diapers, constant innovation, government activities to maintain cleanliness through promotion of disposable personal care products, growing geriatric population, increasing use of SAP in medical waste solidification, increasing use of SAP in absorbent pads and artificial snow, diseases occurring from poor hygiene such as gastroenteritis, scabies, hepatitis A and pneumonia resulting in the increased use of adult contingence and diapers, higher focus on healthcare, different awareness programs concerning hygiene organized via non-profitable organizations, higher spending power and rising literacy. On the other hand, factors such as declining demand of products from saturated regional markets and fluctuations in the price of crude oil is likely to hamper the growth of the superabsorbent polymers market.

Market Segmentation

Market Research Future report offers an all-inclusive segmental analysis of the superabsorbent polymers market on the basis of sources and application.

Based on sources, it is segmented into Polyacrylamide copolymer, sodium polyacrylate and others. Of these, the sodium polyacrylate segment will have the maximum share in the superabsorbent polymers market during the assessment period.

Based on application, the superabsorbent polymers market is segmented into mining and petroleum, industry, agriculture, healthcare and personal care and others. Of these, the healthcare and personal care segment will have the maximum share in the market owing to the increasing use of disposable diapers.

Regional Analysis

Based on region, the superabsorbent polymers market covers growth opportunities and latest trends across North America, Europe, Asia Pacific and Rest of the World. Of these, the APAC region is anticipated to have the largest share in the market during the assessment period led by China owing to the growth of emerging economies, economical material utilized for the production process and cheap labor cost in this region. The US will remain the key producer of super absorbent polymers, China will be the largest consumer of SAP due to increasing need for super absorbent polymer from increasing number of end-user industries. The superabsorbent polymers market in Europe will have the second largest share reaching over USD 2.5 Billion in terms of revenue by the end of 2020.

Competitive Analysis

The global superabsorbent polymers market appears in being less competitive owing to the existence of some key global materials and chemicals manufacturers that are operating in the market. The existence of some leading players will result in a monopoly situation along with a competitive edge in technology and innovation. With the pricing of materials available at higher costs in the market and rising demand for SAP in paints and coatings and personal care industries will impact the end-user products from such industries. The SAP market demonstrates an elevating growth potential with the demand for such materials is increasing and other leading players are expected to invest in coming up with new production capacities for meeting the global demand and with improved solutions.

Key Players

Leading players profiled in the superabsorbent polymers market include Songwon Industrial Co., Ltd. (South Korea), Sumitomo Seika Chemicals Co., Ltd. (Japan), 3M Company (U.S.), SDP Global Co., Ltd. (Japan), LG Chem Ltd. (South Korea), Formosa Plastics Corporation (Taiwan), Kao Corporation (Japan), NIPPON SHOKUBAI CO., LTD. (Japan), Evonik Industries AG (Germany), and BASF SE (Germany).

July 2018- Scientists at IIT Madras, from Department of Chemistry have introduced a super absorbent polymer that is biodegradable in nature using chitosan (a form of sugar that is extracted from the seafood waste), urea and citric acid. This eco-friendly diaper has the capacity of absorbing about 1250 gm water for every gram of polymer.

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