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Super Absorbent Polymer Market Report 2023: Strong Demand from the Agriculture Industry Boosts Sector

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Global Super Absorbent Polymer Market

Global Super Absorbent Polymer Market
Global Super Absorbent Polymer Market

Dublin, May 10, 2023 (GLOBE NEWSWIRE) -- The "Super Absorbent Polymer Market Size, Share & Trends Analysis Report By Type (Sodium Polyacrylate & Polyacrylate/Polyacrylamide), By Application (Personal Hygiene, Agriculture, Medical, Industrial), By Regions, And Segment Forecasts, 2023 - 2030" report has been added to ResearchAndMarkets.com's offering.

The global super absorbent polymer market size is expected to reach USD 15.18 billion by 2030, registering a CAGR of 6.4%. Growing demand from various application sectors such as baby diapers, adult incontinence products, agriculture, and female hygiene products is expected to drive the overall market growth over the forecast period.

Super absorbent polymers (SAPs) is a key component of baby diapers. SAPs are used to retain and absorb fluids under moderately high pressure. Emerging regions including Central & South America and Asia Pacific are expected to witness a brisk demand for baby diapers owing to different factors including rising disposable income, growing population, and increasing awareness regarding the benefits of synthetic baby diapers, which are projected to play a key role in driving the regional and global SAPs market.

Life expectancy statistics have sharply increased as a result of factors like constantly developing medical infrastructure, technology developments, and expanding accessibility to medical treatments. Growing life expectancy is presumed to further assist the adult incontinence product market and, in turn, boost the growth of the SAPs market.

Super absorbent polymers find key applications in agriculture industry owing to their water absorbing and water retention properties, making them ideal for agricultural applications, particularly in water-scarce regions. These super absorbent polymers enhances water use efficiency as well as the crop yield. Problems such as diversified soil characteristics, paucity of large cultivable land, and underprivileged conditions of farmers result in an inability to adopt advantageous and latest technologies and agricultural methods.

Different manufacturers are obtaining certifications for super absorbent polymers. For instance, in July 2021, Nippon Shokubai obtained biomass certification for super absorbent polymers from International Sustainability and Carbon Certification (ISCC) with the goal of achieving carbon neutrality by 2050.

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Market Dynamics

Market Drivers

  • Growing Demand for Adult Incontinence Products

  • Strong Demand from the Agriculture Industry

Market Restraints

  • Negative Health Effects Upon Exposure to SAP

Super Absorbent Polymer Market Report Highlights

  • In terms of revenue, Asia Pacific dominated the market with a revenue share of more than 38.0% in 2022 and is projected to expand at a CAGR of 7.0% over the forecast period. Increasing demand from various application segments in Asia Pacific region particularly in China and India are likely to drive market growth at a faster pace

  • The personal hygiene segment dominated the market in terms of revenue with a market share of more than 63.0% in 2022. Super absorbent polymers are majorly utilized in hygiene products including baby diapers, female hygiene products, adult incontinence products and other applications including personal disposable hygiene products

  • The agriculture segment is projected to augment at a CAGR of 6.1% over the forecast period on account of ongoing extensive research conducted by agricultural and government agencies in countries such as the U.S., China, and India regarding the novel agricultural applications of super absorbent polymers

  • The sodium polyacrylate segment dominated the market in terms of revenue with a market share of more than 84.0% in 2022. The majority SAPs are made of sodium polyacrylate and are available in granular form or as fibers. Sodium polyacrylate is utilized in hygiene applications owing to its enhanced liquid absorption capability

Key Attributes:

Report Attribute

Details

No. of Pages

77

Forecast Period

2022 - 2030

Estimated Market Value (USD) in 2022

$9.29 Billion

Forecasted Market Value (USD) by 2030

$15.18 Billion

Compound Annual Growth Rate

6.4%

Regions Covered

Global

Key Topics Covered:

Chapter 1 Methodology and Scope

Chapter 2 Executive Summary

Chapter 3 Super Absorbent Polymer Market Variables, Trends, and Scope

Chapter 4 Super Absorbent Polymer Market: Type Estimates & Trend Analysis
4.1 Type Movement Analysis & Market Share, 2021-2030
4.2 Sodium Polyacrylate
4.2.1 Super Absorbent Polymer Market Estimates and Forecasts, By Sodium Polyacrylate, 2018 - 2030 (Kilotons) (USD Million)
4.3 Polyacrylate/Polyacrylamide
4.3.1 Super Absorbent Polymer Market Estimates and Forecasts, By Polyacrylate/Polyacrylamide, 2018 - 2030 (Kilotons) (USD Million)
4.4 Others
4.4.1 Super Absorbent Polymer Estimates and Forecasts, By others, 2018 - 2030 (Kilotons) (USD Million)

Chapter 5 Super Absorbent Polymer Market: Application Estimates & Trend Analysis
5.1 Application Movement Analysis & Market Share
5.2 Personal Hygiene
5.2.1 Super Absorbent Polymer Market Estimates and Forecasts, By Personal Hygiene, 2018 - 2030 (Kilotons) (USD Million)
5.2.2 Adult Incontinence Products
5.2.2.1 Super Absorbent Polymer Market Estimates and Forecasts, By Adult Incontinence Products, 2018 - 2030 (Kilotons) (USD Million)
5.2.3 Female Hygiene Products
5.2.3.1 Super Absorbent Polymer Market Estimates and Forecasts, By Female Hygiene Products, 2018 - 2030 (Kilotons) (USD Million)
5.2.4 Baby Diapers
5.2.4.1 Super Absorbent Polymer Market Estimates and Forecasts, By Baby Diapers, 2018 - 2030 (Kilotons) (USD Million)
5.3 Agriculture
5.3.1 Super Absorbent Polymer Market Estimates and Forecasts, By Agriculture, 2018 - 2030 (Kilotons) (USD Million)
5.4 Medical
5.4.1 Super Absorbent Polymer Market Estimates and Forecasts, By Medical, 2018 - 2030 (Kilotons) (USD Million)
5.5 Industrial
5.5.1 Super Absorbent Polymer Market Estimates and Forecasts, By Industrial, 2018 - 2030 (Kilotons) (USD Million)
5.6 Others
5.6.1 Super Absorbent Polymer Market Estimates and Forecasts, By Others, 2018 - 2030 (Kilotons) (USD Million)

Chapter 6 Super Absorbent Polymer Market: Regional Estimates & Trend Analysis

Chapter 7 Competitive Landscape

Chapter 8 Company Profiles

Chapter 9 Pipeline by Grand View Research

Companies Mentioned

  • BASF SE

  • LG Chem

  • Formosa Plastics Corporation

  • SANYO CHEMICAL INDUSTRIES, LTD.

  • SONGWON

  • Evonik Industries AG

  • Kao Corporation

  • NIPPON SHOKUBAI CO., LTD.

  • Sumitomo Seika Chemicals Co. Ltd.

  • Yixing Danson Technology

For more information about this report visit https://www.researchandmarkets.com/r/t4ggwi

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ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

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