Leading market players are investing heavily in research and development to produce new products, which will help the Superabsorbent Polymers market. Market participants are also undertaking strategic activities (organic or inorganic) to strengthen their international footprint, with important market developments including new product lines, partnership agreements, mergers and acquisitions, investments and capex, and strategic alliances with other organizations. The superabsorbent polymer industry must offer sustainable and affordable products to compete in fragmented markets.
Manufacturing regionally to minimize operational expenses is one of the key business tactics organizations use in the Superabsorbent Polymers industry to benefit customers and expand their market share. The superabsorbent polymer industry has offered significant advantages to the healthcare industry. Major players in the Superabsorbent Polymers market, including BASF SE, Nippon Shokubai Co. Ltd., Evonik Industries AG, SDP Co. Ltd., Formosa Plastics Corporation, KAO Corporation, LG Chem Ltd., SDP Co. Ltd., Sumitomo Seika Chemicals Co. Ltd., Songwon Industrial Co. Ltd., and Yixing Danson Technology, are attempting to capture untapped markets by investing in research and development operations through advanced products.
Nippon Shokubai is a Japanese chemical firm that offers products and services in accordance with customer needs. It was founded in 1941 under the name Osame Gosei kagaku kogyo, and in 1949 it changed its name to Nippon Shokubai. The company is a leader in producing its major products and producing acrylic acid and superabsorbent polymers. In November 2020, Nippon Shokubai, LiveDo Corporation, and Total Care System, three Japanese companies, collaborated to create several innovations to support systems that recycle disposable diapers.
The extremely absorbent polymers in old diapers have been the subject of novel recycling technologies developed by these three companies. The aforementioned method can be utilized with a wide variety of superabsorbent polymers that are available all over the world.
Founded in Germany in 1865 and active in about 30 nations, BASF SE manufactures chemicals and plastics. Oil and natural gas, chemicals, fertilizers, plastics, dyes and pigments, salt, inks and printing accessories, electronic accessories, cosmetic bases, medications, and other associated machinery and goods are all produced by the BASF Group. Ludwigshafen am Rhein, Germany serves as the headquarters. In March 2021, BASF made a $30,1 million investment in an emerging hygiene business innovation center. It will expand its super absorbent capabilities by constructing a cutting-edge Super Absorbents Excellence Centre at its Verbund location in Antwerp, Belgium.
In 2024, BASF launches Ccycled® goods made in the United States with feedstock derived from plastic trash. Customers can purchase ISCC+ certified advanced recycled building blocks from the BASF TotalEnergies Petrochemicals (BTP) facility in Port Arthur, Texas, by utilizing the company's global ChemCycling® expertise. In the traditional production method, plastic waste is converted into recycled feedstock, which is used in chem-cycling to partially replace fossil fuels. Using a mass balancing technique, the improved recycled building blocks are linked to the recycled feedstock.
These building blocks can be utilized to create a wide range of American-made BASF goods, such as polyurethanes, engineered plastics, and ultra absorbent polymers.