USD 8.12 billion
Report ID:
SQMIG15E2130 |
Region:
Global |
Published Date: November, 2024
Pages:
242
|Tables:
66
|Figures:
75
Super Absorbent Polymers Market size was valued at USD 8.64 Billion in 2023 and is poised to grow from USD 9.19 Billion in 2024 to USD 15.1 Billion by 2032, growing at a CAGR of 6.40% during the forecast period (2025-2032).
The global super absorbent polymers market is a rapidly growing industry that serves various applications across various sectors. These polymers are highly absorbent materials that are capable of retaining large amounts of liquid relative to their mass. They are used in a variety of products, including hygiene products, agriculture, and packaging materials, among others. The global market is driven by the increasing demand for disposable hygiene products such as diapers, adult incontinence products, and female hygiene products. Additionally, the increasing use of super absorbent polymers in the agriculture sector to improve water retention in soil and enhance crop yields has further propelled the growth of the market.
The growing trend of eco-friendly and sustainable products also influences the market. Manufacturers are focusing on developing biodegradable and renewable sources of super absorbent polymers to cater to the demand for environmentally friendly products. North America and Europe are the major markets for super absorbent polymers, followed by the Asia Pacific region. The high demand for hygiene products and the increasing awareness of agricultural productivity in these regions have contributed to their dominance in the market. Overall, the global market is expected to experience significant growth in the coming years, driven by increasing demand from various sectors and the development of innovative and sustainable products.
Global Market Size
USD 8.12 billion
Largest Segment
Personal hygiene
Fastest Growth
Personal hygiene
Growth Rate
6.40% CAGR
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Global Super Absorbent Polymers Market is segmented by Type, Application, and region. Based on Type, the market is segmented into Sodium Polyacrylate, Polyacrylate /Polyacrylamide Copolymer, Bio-based Super Absorbent Polymers, and Other Applications. Based on Application, the market is segmented into Personal Hygiene, Agriculture, Medical, Industrial, and Other Applications. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Analysis by Type
Based on type, global super absorbent polymers market is segmented into sodium polyacrylate, polyacrylate/polyacrylamide, copolymers, and others. Sodium Polyacrylate dominated the market in 2022. Because of its ability to absorb approximately 800 times its weight, sodium polyacrylate is a one-of-a-kind type of super absorbent polymer. It is extensively used as an absorbent for liquid solutions as well as water in newborn diapers, adult incontinence products, and feminine hygiene products. This segment is gaining traction due to its properties and application in personal hygiene products.
Analysis by Application
Based on application, the super absorbent polymers market is segmented into personal hygiene, medical, agriculture, industrial, and others. During the forecast period, the personal hygiene segment dominated the global market. Superabsorbent polymers are most commonly used as absorbents in diapers, adult incontinence products, feminine hygiene products, and others. The ability of these products to absorb liquid, urine, or blood is their most important feature.
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The Asia-Pacific region dominated the global market. The region's growing demand for personal hygiene and agricultural products has contributed to this dominance. China accounts for more than half of the SAP demand in this region. Japan has the region's second-highest demand for SAPs, with a more than 20% market share. China is one of the world's biggest consumers of personal hygiene products. The high number of infants in the country and the rise in disposable income, which results in greater personal and hygiene care expenditures, can be attributed to the country's demand for personal hygiene products. Diapers for babies have become increasingly popular in China in recent times. More than one-tenth of the world's infant population is born in the country. Japan is a major supplier of high-quality baby diapers and adult incontinence products throughout Asia. Due to China and Japan's consistent economic growth, demand for Superabsorbent Polymers is expected to grow faster in the region as a whole in the coming years.
The European super absorbent polymers market is expected to witness significant growth due to the growing demand from the personal hygiene and healthcare sectors. The region has a well-developed healthcare infrastructure and is a major SAP consumer in wound care and medical products. The personal hygiene industry is also growing in the region, driven by increasing urbanization and adopting better hygiene practices.
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Global super absorbent polymers market is highly competitive and somewhat fragmented. The major industry participants continually implement various growth strategies to maintain a competitive edge. These players adopt innovations, mergers, acquisitions, collaborations, and partnerships to thrive in the competitive market. To provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D.
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SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global super absorbent polymers market analysis, the Asia Pacific region is anticipated to witness the fastest growth rate during the forecast period owing to high demand for hygiene goods because of growing population and rising disposable income. The increased use of superabsorbent polymers as a water conservation tool in large-scale farming and agriculture is expected to drive the market over the forecast period. However, the market in industrialized regions is expected to limit market growth over the forecast period.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 8.12 billion |
Market size value in 2031 | USD 14.19 billion |
Growth Rate | 6.40% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Super Absorbent Polymers Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Super Absorbent Polymers Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Super Absorbent Polymers Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Super Absorbent Polymers Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG15E2130
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