The Global Super Absorbent Polymers Market is estimated to be valued at US$ 10459.56 Mn in 2023 and is expected to exhibit a CAGR of 5.8% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Super Absorbent Polymers are hydrogels that can absorb hundreds of times their own weight in aqueous liquid. They are primarily used in baby diapers and adult incontinence products to absorb large volumes of fluid and retain it within the product structure.
Market key trends:
One of the key trends in the super absorbent polymers market is the development of eco-friendly super absorbent polymers. Conventional superabsorbent polymers are synthesized from non-renewable petroleum resources and involve the use of hazardous chemicals during the manufacturing process. However, with growing awareness about sustainability, manufacturers are focusing on developing super absorbent polymers from renewable starch and cellulose obtained from agricultural waste. These bio-based superabsorbent polymers have similar absorption properties as conventional polymers but are environment-friendly.
Segment Analysis
The global super absorbent polymers market is segmented on the basis of product type and application. Based on product type, the market is divided into sodium polyacrylate, polyacrylamide copolymer, and others. Among these, the sodium polyacrylate segment dominates the market and accounts for over 50% share. Sodium polyacrylate possesses high absorptive capacity and retains its absorbing behavior even under pressure, which has resulted in its wide adoption over other product types.
Key Takeaways
The Global Super Absorbent Polymers Market is expected to witness high growth, exhibiting CAGR of 5.8% over the forecast period, due to increasing demand from hygiene products industry.
Regional analysis
Regionally, Asia Pacific dominates the global market and is expected to grow at the fastest rate during the forecast period. China, India, and Japan account for a major share in the region owing to high population, increasing disposable income, and expanding hygiene product industries in these countries.
Key players
Key players operating in the super absorbent polymers market are Nippon Shokubai Co. Ltd., Evonik Industries AG, BASF SE, Yixing Danson Technology, Kao Corporation, Sumitomo Seika Chemicals Co. Ltd., San-Dia Polymers Global Co. Ltd., Sanyo Chemicals Industries, Formosa Plastics Corporation, and LG Chemicals Ltd. Nippon Shokubai Co. Ltd. is the global leader with around 30% market share.
