Report ID: SQMIG15A2153
Report ID:
SQMIG15A2153 |
Region:
Global |
Published Date: March, 2024
Pages:
184
|
Tables:
59 |
Figures:
75
Super Absorbent Polymer Market size was valued at USD 9.9 Billion in 2023 and is poised to grow from USD 10.54 Billion in 2024 to USD 17.46 Billion by 2032, growing at a CAGR of 6.5% during the forecast period (2025-2032).
The global super absorbent polymer (SAP) market is poised for significant growth, primarily driven by the increasing demand for adult incontinence products. Factors such as the rising number of patients with urological diseases and defective bladder, the surge in ostomy surgeries of the bowel, and the growing geriatric population contribute to the market's expansion during the forecast period. Furthermore, the prevalence of diseases like inflammatory bowel disease and Crohn's disease, coupled with the increasing awareness about adult incontinence products, will play a crucial role in shaping the global market. Government initiatives such as the Affordable Care Act (ACA) and Medicaid in the United States have greatly improved access to healthcare facilities and services for a large portion of the population. Consequently, there has been a surge in demand for branded drugs, medical devices, and healthcare services, driving the consumption of super absorbent polymer in the country. These polymers are utilized in the development of disposable medical connectors, syringes, and depth filters. The market expansion is further fueled by the growing demand from the personal hygiene segment worldwide. Rising awareness about hygiene has led to increased demand for adult incontinence and female hygiene products, bolstering the market. Additionally, the growing geriatric population, particularly in North America and Europe, is expected to support the growth of the adult incontinence products segment. Manufacturers in the consumer goods market are increasingly focusing on the adult incontinence market due to its potential for long-term growth and its ability to attract new customers. This trend highlights the sustained growth opportunities offered by the adult incontinence segment.
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Report ID: SQMIG15A2153