Global Super Absorbent Polymer Market

Super Absorbent Polymer Market Size, Share, Growth Analysis, By Type(Sodium Polyacrylate and Polyacrylamide Copolymer), By End-User(Personal Care Products and Agriculture), By Region - Industry Forecast 2024-2031

Report ID: SQMIG15A2153 | Region: Global | Published Date: March, 2024
Pages: 184 | Tables: 59 | Figures: 75

Super Absorbent Polymer Market Competitive Landscape

The global super absorbent polymer (SAP) market is characterized by intense competition among several market players. Companies in the market are focusing on research and development activities to enhance product performance and expand their product portfolios. They are also engaged in strategic partnerships, collaborations, and mergers and acquisitions to strengthen their market position. Additionally, investments in technological advancements and sustainable manufacturing processes are becoming crucial to gain a competitive edge. The competitive landscape is expected to remain dynamic as companies strive to innovate and cater to the evolving demands of end-users.

Super Absorbent Polymer Market Top Player’s Company Profiles

  • Sumitomo Seika Chemicals Co., Ltd. (Japan)
  • LG Chem Ltd. (South Korea)
  • Formosa Plastics Corporation (Taiwan)
  • SDP Global Co., Ltd. (South Korea)
  • Yixing Danson Technology (China)
  • Xitao Polymer Co., Ltd. (China)
  • Kao Corporation (Japan)
  • Sanyo Chemical Industries, Ltd. (Japan)
  • Songwon Industrial Co., Ltd. (South Korea)
  • Wanhua Chemical Group Co., Ltd. (China)
  • Yixing Huaxiang Chemical Co., Ltd. (China)
  • Shandong Nuoer Biological Technology Co., Ltd. (China)
  • Quanzhou Banglida Technology Industry Co., Ltd. (China)
  • Weilong Polymer Material Co., Ltd. (China)
  • Zhejiang Satellite Petrochemical Co., Ltd. (China)
  • Feixiang Group of Companies (China)
  • Sinopec Group (China)

Super Absorbent Polymer Market

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Global Super Absorbent Polymer Market size was valued at USD 9.30 billion in 2022 and is poised to grow from USD 9.90 billion in 2023 to USD 16.39 billion by 2031, growing at a CAGR of 6.5% during the forecast period (2024-2031).

The global super absorbent polymer (SAP) market is characterized by intense competition among several market players. Companies in the market are focusing on research and development activities to enhance product performance and expand their product portfolios. They are also engaged in strategic partnerships, collaborations, and mergers and acquisitions to strengthen their market position. Additionally, investments in technological advancements and sustainable manufacturing processes are becoming crucial to gain a competitive edge. The competitive landscape is expected to remain dynamic as companies strive to innovate and cater to the evolving demands of end-users. 'BASF SE (Germany)', 'Evonik Industries AG (Germany)', 'Nippon Shokubai Co., Ltd. (Japan)', 'Sumitomo Seika Chemicals Co., Ltd. (Japan)', 'LG Chem Ltd. (South Korea)', 'Formosa Plastics Corporation (Taiwan)', 'SDP Global Co., Ltd. (South Korea)', 'Yixing Danson Technology (China)', 'Xitao Polymer Co., Ltd. (China)', 'Kao Corporation (Japan)', 'Sanyo Chemical Industries, Ltd. (Japan)', 'Songwon Industrial Co., Ltd. (South Korea)', 'Wanhua Chemical Group Co., Ltd. (China)', 'Yixing Huaxiang Chemical Co., Ltd. (China)', 'Shandong Nuoer Biological Technology Co., Ltd. (China)', 'Quanzhou Banglida Technology Industry Co., Ltd. (China)', 'Weilong Polymer Material Co., Ltd. (China)', 'Zhejiang Satellite Petrochemical Co., Ltd. (China)', 'Feixiang Group of Companies (China)', 'Sinopec Group (China)'

One significant driver propelling the global super absorbent polymer (SAP) market is the increasing demand for adult incontinence products. Factors such as a rising number of patients with urological diseases, defective bladder conditions, and a growing geriatric population contribute to the demand for SAP. Additionally, the surge in ostomy surgeries and the prevalence of diseases like inflammatory bowel disease and Crohn's disease further boost the market. The awareness regarding adult incontinence products plays a key role in shaping the global SAP market as well.

Rising Awareness for Using Personal Hygiene Products to Surge Market Growth: Rising health awareness in developing nations has led to a substantial uptick in the demand for personal hygiene items like disposable diapers and feminine sanitary napkins. The predominant portion of the superabsorbent polymers market is dedicated to serving the needs of personal hygiene applications. Governments in these developing regions have actively promoted public awareness about personal hygiene through health education initiatives and support for private organizations operating in the healthcare sector. As a result, the market for personal hygiene products, particularly baby diapers and feminine sanitary napkins, has experienced a notable surge in demand.

North America dominated the global super absorbent polymer (SAP) market in terms of both market share and technological advancements. The region has a well-established healthcare infrastructure and a high adoption rate of advanced medical products, contributing to the dominance of SAP in various applications. The increasing demand for adult incontinence products, driven by a growing geriatric population and rising awareness about personal hygiene, has significantly fueled the market in this region. Moreover, government initiatives such as the Affordable Care Act (ACA) and Medicaid have improved access to healthcare facilities, driving the consumption of super absorbent polymers in the development of disposable medical devices.

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Global Super Absorbent Polymer Market

Report ID: SQMIG15A2153

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