Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 8.95 Billion | USD 15.37 Billion | 6.2% | 2023 |
According to a report from Zion Market Research, the global Super Absorbent Polymers Market was valued at USD 8.95 Billion in 2023 and is projected to hit USD 15.37 Billion by 2032, with a compound annual growth rate (CAGR) of 6.2% during the forecast period 2024-2032.
This report explores market strengths, weakness, opportunities, and threats. It also provides valuable insights into the market's growth drivers, challenges, and the future prospects that may emerge in the Super Absorbent Polymers industry over the next decade.
Superabsorbent polymer (SAP) is a substance with a high potential for absorbing liquids. It is a cross-linked polymer structure that prevents dissolution. This types of polymers can absorb up to 100 times the weight of their own liquid. It is therefore used in products where high absorption properties are necessary, such as infant diapers/nappies, incontinence objects, and others.
The demand for adult incontinence and female grooming products, which in turn drives market development, is fueled by high customer knowledge of grooming. The growth of the U.S. market is also positively influenced by rising disposable income, along with increasing understanding of sanitization in the region. In addition, rising birth rates, combined with the growing geriatric population, are expected to boost demand for baby and adult diapers, which in turn would provide the superabsorbent polymer industry with a fillip. To help the industry gain considerable traction in the coming years, the concentration of end-use industries on product innovation is also projected.
The Super Absorbent Polymers market is fragmented based on product, and application.
By product, the market is divided into sodium polyacrylate, polyacrylamide copolymer and other super absorbent polymers. In 2019, sodium acrylate generated considerable sales and covers more than three-fifth of the global industry. Sodium acrylate is commonly used in infant diapers and adult incontinence products due to its ability to absorb up to 500 times the water mass. In addition , the rising demand for polyacrylamide will fuel the superabsorbent polymer market due to its increasing usage in water treatment, paper-making processes, and widespread use in the manufacture of infant and adult diapers.
On the basis of application, the Super Absorbent Polymers market includes baby diapers, adult incontinence products, feminine hygiene, agriculture, medical and others. The application market for adult incontinence would expand at a pace of over 6.5 percent globally. For aged and elderly persons, the incidence of urinary incontinence and overactive bladder increases. In developing countries , due to hygiene knowledge among people, these items have enormous reach.
Report Attributes | Report Details |
---|---|
Report Name | Super Absorbent Polymers Market |
Market Size in 2023 | USD 8.95 Billion |
Market Forecast in 2032 | USD 15.37 Billion |
Growth Rate | CAGR of 6.2% |
Number of Pages | 110 |
Key Companies Covered | BASF SE, Evonik, LG Chem, Nippon Shokubai, San-Dia Polymers, Formosa Plastics, Sumitomo Chemicals, Zheijiang Satellite, Yixing Denson Technology, Sanyo Chemicals Industries, Songwon Industrial Co. Ltd., among others |
Segments Covered | By Product, By Application And By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
With a significant share, Europe was the world's top revenue contributor to the super-absorbent polymer industry in 2019. It is projected that it will hold its position until 2025. Thanks to its high water absorption and retention power, the market is driven by rising demand from baby diaper manufacturers. Any of the key factors leading to regional demand development include evolving habits and booming e-commerce.
Some main participants of the Super Absorbent Polymers market are
By Product Type
By Application
Super Absorbent Polymers Market: Regional Segment Analysis
FrequentlyAsked Questions
Super absorbent polymers (SAPs) are substances that have the capacity to absorb and retain an exceptionally large quantity of liquid in relation to their own mass. These polymers are frequently employed in products that require moisture management, including nappies, adult incontinence products, and agricultural applications, where they have the capacity to absorb substances that are hundreds of times their weight. SAPs are typically composed of cross-linked polymers such as sodium acrylate, potassium acrylate, or acrylic acid.
An important factor contributing to the expansion of the SAP market is the increasing demand for disposable nappies, adult incontinence products, and feminine hygiene products. This demand is exacerbated by the expanding global population and the growing awareness of hygiene, particularly in developing regions.
According to a report from Zion Market Research, the global Super Absorbent Polymers Market was valued at USD 8.95 Billion in 2023 and is projected to hit USD 15.37 Billion by 2032.
According to a report from Zion Market Research, the global Super Absorbent Polymers Market a compound annual growth rate (CAGR) of 6.2% during the forecast period 2024-2032.
Region-wise, the global market is segregated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Some main participants of the Super Absorbent Polymers market are BASF SE, Evonik, LG Chem, Nippon Shokubai, San-Dia Polymers, Formosa Plastics, Sumitomo Chemicals, Zheijiang Satellite, Yixing Denson Technology, Sanyo Chemicals Industries, Songwon Industrial Co. Ltd., among others.
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