The global super absorbent polymers market size was reached at USD 8.2 billion in 2022 and it is projected to surpass around USD 15.76 billion by 2032, registering a CAGR of 6.8% during the forecast period from 2023 to 2032.
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Key market Insights:
Super absorbent polymers, mainly used in disposable personal care goods, are polymers with superlative absorbing strength. Depending on their structure and ingredient presence, they may be synthetic or natural in nature. In several vertical industries, such as agriculture, horticulture, healthcare, manufacturing, automobile, industrial water, packaging, super absorbent polymer is commonly used. Key players in the target industry are focusing on quickly degradable bio-based SAP products, in order to avoid disposal issue associated with baby diapers and adult diapers which can have positive impact on the growth of the target industry. Furthermore, rising social media campaigns about personal hygiene and use of baby diapers expected to offer additional sales improvement opportunities for the key players in Asia Pacific and Africa region.
|Market Size in 2023||USD 8.72 Billion|
|Market Size by 2032||USD 15.76 Billion|
|Growth Rate from 2023 to 2032||CAGR of 6.8%|
|Forecast Period||2023 to 2032|
|Segments Covered||Grade, Manufacturing Process, Application, Type|
|Regional Scope||North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA)|
|Companies Mentioned||Satellite Science & Technology Co. Ltd., Kao Corporation, Formosa Plastics Corp, Sdp Global Co., Ltd., LG Chem Ltd., SUMITOMO CORPORATION, Evonik Industries AG, BASF, NIPPON SHOKUBAI CO., LTD., Others|
Crucial factors accountable for market growth are:
COVID-19 Impact on Global Super Absorbent Polymers Market
Outburst of COVID-19 has impacted on most of the key markets across the globe; super absorbent polymers market in no exception. Asia Pacific is the biggest market for the super absorbent polymers, but to the spread of coronavirus and lockdown situations in China, India, Japan has led to reduced supply and demand for the super absorbent polymers. Due to COVID-19, supply chain disruption, fluctuations in the raw material supply, insufficient man power in the manufacturing facility and low demand form the end use costumers hampered target industry growth in the developed as well as emerging economies worldwide. However, COVID-19 situation is resolving slowly and most of the industries are started their facilities at full capacity.
Future of Global Super Absorbent Polymer Market
Major companies of the global industry including SUMITOMO CORPORATION and Evonik Industries AG are pointing towards commercial growth by adopting strategies like capacity expansion, heavy investments in the manufacturing facilities that is predictable to flourish the global market growth in next few years. This trend is probable to continue and will augment growth of the target industry in the near future. Further, bio-based of SAP products is predictable to create profitable opportunity in the target market. Rising initiative for bio-based products by government of developed as well as emerging countries across the globe is expected to boost the industry.
The Sodium Polyacrylate Segment Is Projected To Dominate the Type Segment of Super Absorbent Polymer Market Revenue
On the basis of type segment, the target industry is segregated as ethylene maleic anhydride copolymer, polysaccharides, sodium polyacrylate, polyacrylate/polyacrylamide copolymer, among others. The sodium polyacrylate type super absorbent polymersis expected to dominate in terms of revenue over the forecast time frame and expected to continue its growth in the near future. The growth is accredited to its ability to absorb several hundred times of its mass in water as well as other liquid mixtures. However, the polyacrylate/polyacrylamide copolymer super absorbent polymers will expand at a substantial CAGR during the forecast time-frame.
Hygiene Grade Segment Is Predictable To Take over the Grade Segment of Super Absorbent Polymers Market Revenue
On the basis of grade, hygiene grade segment is anticipated to take over in terms of revenue over the forecast time edge. This is attributed to growing adoption of SAP in the manufacturing of baby diapers, female as well as adult’s hygiene products in the leading countries worldwide. Industrial grade segment will expand at a noteworthy CAGR during the forecast period of time due to increasing demand from the agricultural industries across the world.
Asia Pacific is estimated to be the Largest Market for Super Absorbent Polymer
The research report covers key trends and prospects of super absorbent polymers products across different geographical regions including North America, Europe, Asia-Pacific, Latin America, Middle East, Africa. Geographically, super absorbent polymers market is conquered by Asia Pacific owing to increasing demand from personal care and agricultural industries for the end-use applications especially in the India, China, and Japan of the region. The China super absorbent polymers (SAP) industry market is anticipated to dominate in terms of revenue in the Asia Pacific region. Rapid industrialization, large agriculture sector, technological innovations, rising birth rate and improved living standard are major factors fuelling growth of the target market in APAC region.North America is expected to register the fastest growth rate, on account of increasing huge investment by key market players and growing adoption of the super absorbent polymers in the medical industries of the region.The growth of the super absorbent polymers industry in the countries of the North America is attributed to increasing demand for super absorbent polymers for personal hygiene applications, owing to increasing demand for SAP based hygiene products in the U.S. and Canada of the region. Further, increasing demand for industrial and construction applications is expected to fuel growth of the industry in North America. Latin America industry market is estimated to grow at moderate growth rate over the forecast year. The Brazil industry market is anticipated to dominate in terms of revenue in the region owing to growing population and increasing investment in the construction sector in the Brazil.
The companies focusing on research and development are expected to lead the global super absorbent polymers market. Leading competitors contending in global super absorbent polymers market are as follows:
For the better understanding the recent situation of the global super absorbent polymers market and for most policies of the country, Precedence Research forecast the future evolution of the super absorbent polymers industry. This research study offers qualitative and measureable insights on super absorbent polymers market and valuation of market size and development trends for global market segments.
Major Market Segments Covered:
By Manufacturing Process
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