Global Super Absorbent Polymers Market

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 News

  • 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.
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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).

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. 'BASF SE', 'Nippon Shokubai Co., Ltd.', 'Evonik Industries AG', 'LG Chem Ltd.', 'Sumitomo Seika Chemicals Co., Ltd.', 'SDP 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.'

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.

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.

The Asia-Pacific region dominated the 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.

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Global Super Absorbent Polymers Market

Report ID: SQMIG15E2130

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