USD 9.7 billion
Super Absorbent Polymers Market Size, Share, Growth Analysis, By Type(Sodium polyacrylate, polyacrylate/polyacrylamide, copolymers, and others), By Application (Personal hygiene, medical, agriculture, industrial), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG15E2130 |
Region:
Global |
Published Date: February, 2024
Pages:
242
|Tables:
66
|Figures:
75
Super Absorbent Polymers Market Insights
Global Super Absorbent Polymers Market size was valued at USD 9.7 billion in 2021 and is poised to grow from USD 10.26 billion in 2022 to USD 16.21 billion by 2030, growing at a CAGR of 5.9% in the forecast period (2023-2030).
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.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Personal hygiene
Fastest Growth
Personal hygiene
Growth Rate
5.9% CAGR
Global Super Absorbent Polymers Market, 2022-2028 ($ Bn)
Country Share for Asia Pacific Region- 2021 (%)
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Super Absorbent Polymers Market Segmental Analysis
Global super absorbent polymers market is segmented based on the type, application, and region. Based on type, global market is segmented into sodium polyacrylate, polyacrylate/polyacrylamide, copolymers, and others. Based on application, the market is segmented into personal hygiene, medical, agriculture, industrial, and others. Based on region, it is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.
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.
Global Super Absorbent Polymers Market By Application, 2021 (%)
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Super Absorbent Polymers Market Regional Insights
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.
Global Super Absorbent Polymers Market By Geography, 2022-2028
- Largest
- Fastest
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Super Absorbent Polymers Market Dynamics
Driver
- Growing geriatric population and increased awareness of the benefits and comfortability of adult incontinence products are pushing an upsurge in the consumption of super absorbent polymers. As the incidence of adult incontinence rises, governments around the world are working collaboratively with manufacturers and medical professionals to prioritize incontinence product production.
Restraint
- Acrylic acid is used to produce superabsorbent polymers as a raw material. It is obtained through the processing of crude oil and petrochemicals. However, crude oil and petrochemical prices are volatile. This has an immediate impact on the cost of producing superabsorbent polymers. As a result, raw material price volatility is expected to constrain the global superabsorbent polymers market during the aforementioned forecast period.
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Super Absorbent Polymers Market Competitive Landscape
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.
Top Player's Company Profiles
- BASF SE
- Nippon Shokubai Co., Ltd.
- Evonik Industries AG
- LG Chem Ltd.
- Sumitomo Seika Chemicals Co., Ltd.
- SDP Global Co., Ltd.
- Songwon Industrial Co., Ltd.
- Formosa Plastics Corporation
- KAO Corporation
- Sanyo Chemical Industries, Ltd.
- Yixing Danson Technology
- San-Dia Polymers, Inc.
- Chemtex Specialty Limited
- Satellite Science & Technology Co., Ltd.
- Quanzhou Banglida Technology Industry Co., Ltd.
- Zhejiang Weilong Polymer Material Co., Ltd.
- Xitao Polymer Co., Ltd.
- FPC Corporation
- Hengshui Huajing Chemical Co., Ltd.
- Zhejiang Satellite Petrochemical Co., Ltd.
Recent Developments
- In July 2022, BPCL despatched first indigenous Super Absorbent Polymer at Kochi Refinery.
- In March 2021, BASF invested $30.1 million in a new hygiene excellence centre. BASF will increase its super absorbent polymer business's innovation capabilities with this investment by constructing a state-of-the-art Super absorbents Excellence Center at its Verbund site in Antwerp, Belgium.
Super Absorbent Polymers Key Market Trends
- Increasing focus on sustainability: Many companies in the industry are focusing on developing sustainable super absorbent polymers to meet the growing demand for eco-friendly products. The use of bio-based raw materials and environmentally friendly manufacturing processes is becoming more prevalent in the market.
- Technological advancements: Manufacturers are continually improving the performance of super absorbent polymers by developing new technologies, such as nanotechnology, to enhance their properties. These advancements have resulted in the development of super absorbent polymers with higher absorption capacity, improved performance, and reduced costs.
Super Absorbent Polymers Market SkyQuest Analysis
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 2023 | USD 9.7 billion |
| Market size value in 2031 | USD 16.21 billion |
| Growth Rate | 5.9% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| 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 |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Super Absorbent Polymers Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Super Absorbent Polymers Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
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.
Analyst Support
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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