Super Absorbent Polymers Market
The growing awareness of healthcare & personal hygiene among people across the world is one of the leading factors enabling growth in the global super absorbent polymer (SAP) market. As per Future Market Insights (FMI) analysis, the market is expected to expand at 5% CAGR between 2023 and 2033.
The chemical industry has registered significant growth in past few years and growth is expected to be continue over the near future. Owing to the increasing applications of super absorbent polymers in medical sector and agriculture sector, the SAP market is expected to reach a valuation of US$ 16.5 Bn in 2033.
Growing demand from the application of the super absorbent polymer in chemical sector will drive growth through 2023-2033. North America, Europe, and East Asia are the key markets for super absorbent polymers. Of these, East Asia is expected to remain dominant, accounting for over 28.5% of the market by 2033.
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Super absorbent polymers or otherwise known as hydrogels are high weight, loosely cross linked polymer chains that are formed through the process of polymerization of acrylic acid and sodium acrylate/acrylamide.
Due to the excellent property of absorbing, they are specifically used in the feminine hygienic items and diapers. Besides this, they are used in construction, packaging, and in the agricultural sector to help retain moisture in the soil.
Key Takeaways from Super Absorbent Polymers Market Study
- Super absorbent polymers sales will continue rising in the U.S., which is expected to account for over 80% of the North America market in 2023
- Sales in the U.K. is expected to increase by 3.7% in 2023, thanks to increase in use in disposable diapers, adult incontinence products, and other applications.
- Germany, France, and Russia will remain lucrative pockets for sales within Europe.
- China will account for maximum SAP sales in East Asia, while Japan and South Korea will exhibit gradual rise in demand.
- Application in disposable diapers is expected account for 76.1% SAP sales in 2023.
Super Absorbent Polymers Market: Participant Insights
Key manufacturers in the Super Absorbent Polymers market, like Nippon Shokubai Co., Ltd., BASF SE, Evonik Industries AG, Sanyo Chemicals Industries, Ltd., Yixing Danson Technology, LG Chemicals Ltd, Sumitomo Seika Chemicals Co. Ltd., Kao Corporation. In order to gain competitive edge, they are focusing on strengthening their product portfolio and expanding their market footprint through acquisition of smaller companies in the market.
Super Absorbent Polymers Market by Category
By Product Type
- Sodium Polyacrylate
- Polyacrylamide Copolymer
- Others
By Application Type
- Disposable diapers
- Adult Incontinence Products
- Feminine Hygiene Products
- Agriculture Products
- Others
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