Super Absorbent Polymers Market

Global Super Absorbent Polymers Market Size Analysis

According to a research survey conducted by ChemView Consulting, in 2022, the Global Super Absorbent Polymers Market was worth US$ 9,472.3 Mn and is expected to grow at a CAGR of 6.5% over the forecast period. While the historical CAGR is 5.7%, the market is expected to hit US$ 17,780.8 Mn by 2032 end.

Super absorbent polymers (SAPs) are substances that have a high water absorption capacity compared to their mass. Due to their characteristics and nature are widely used in various fields, including medical, civil engineering, soil science, agricultural production, and sanitary goods.

Market Dynamic

AWARENESS ABOUT PERSONAL CLEANLINESS AROUND THE GLOBE DRIVES THE MARKET

Increased awareness of personal cleanliness and hygiene and rising disposable income among end users are major market drivers. Sales in the market will continue to be driven by the growing usage of super absorbent polymers in producing feminine hygiene products, disposable diapers, and adult incontinence products.

Medical professionals are concentrating on creating incontinence treatments in partnership with manufacturers since urine incontinence is becoming more common. Aside from this, customers are more prepared to spend money on high-quality incontinence products thanks to advantageous healthcare and reimbursement policies implemented by various governments.

MARKET RESTRAIN FOR DECREASE IN  DEMAND FOR DIAPERS IN DEVELOPED ECONOMIES

Due to high product penetration rates, the diaper market is mature in developed economies. Due to declining birth rates and low fertility rates, it is anticipated that demand for diapers in nations like the US and Japan will expand relatively slowly. Diaper sales in various countries have decreased as a result of this. The market for ultra-absorbent polymers is struggling to develop due to the drop in diaper sales.

Market Segments Covered in Report

By Type:

• Synthetic
• Natural

By Application:

• Personal Care
• Health Care
• Agriculture & Horticulture
• Others

By Region and Country:

• North America (U.S., Canada)
• Latin America (Brazil, Mexico, Rest of Latin America)
• Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
• Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
• Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
• Africa (South Africa, Nigeria, Egypt, Rest of Africa)

Segment-Wise Analysis

Why is the Synthetic segment projected to account for the largest share?

The market for super absorbent polymers is dominated by synthetic polymers, which held a share of 91.3% in terms of volume in 2021. Due to its high liquid absorption capacity, sodium polyacrylate is used in personal hygiene applications, a major market driver.

Why is the Personal Care end-use industry expected to be the largest?

During the projection period, the super absorbent polymers market is anticipated to have the largest end-use industry sector in the personal hygiene category. Super absorbent polymers are generally employed as absorbents in a variety of applications, including feminine hygiene, adult incontinence, diapers, and other disposable personal items. The ability of these goods to absorb liquid, urine, or blood is their most important quality.

The absorbent pad’s fiber and polymer-based composition determine its absorption capacity. The polymer in the absorbent pad is created from tiny particles of several acrylic acid derivatives. These specks may hold much water because they function like microscopic sponges. Due to the increasing use of disposable diapers, super absorbent polymers are used extensively in this industry.

Region-Wise Analysis

The regions analyzed for the market include North America, Europe, Latin America, Asia Pacific, the Middle East, and Africa.

• With a market share of 26.1%, North America is the world’s largest and fastest-growing area for super absorbent polymers. Due to the region’s high population, growing middle-class affluence, and low labor cost and raw resources, the demand for super absorbent polymers has increased.
• One of the major markets for personal hygiene products worldwide is China. Due to a growth in disposable income and the number of newborns, there is a significant demand for hygiene goods in the country, which drives up personal and hygiene care costs.

Competition Analysis

Worldwide players with competitively sophisticated SAP-based products dominate the highly competitive global SAP market. Due to increased demand, top manufacturers are concentrating on forming alliances with significant distributors and boosting their current production capacity. Many manufacturers accomplish this by expanding the number of their international subsidiaries. Additionally, businesses are making substantial investments in R&D to provide clients with cutting-edge and unique products for a range of applications

Some of the key developments that have taken place in the Global Super Absorbent Polymers Market include:

• In November 2020, as disposable diapers’ usage rises, Nippon Shokubai, LiveDo Corporation (Japan), and Total Care System (Japan) have collaborated to create several technologies to support recycling systems. These three businesses have recently developed new ultra absorbent polymer recycling technology. The method can be used with a wide range of super absorbent polymers that are sold all over the world.
• In March 2021, BASF invested USD 30.1 million in a new excellence center for its hygiene business. By making this investment, BASF will improve its super absorbent polymer business’s capacity for innovation by erecting a cutting-edge Super Absorbents Excellence Center at its Verbund facility in Antwerp, Belgium.

A list of some of the key suppliers present in the market are:

• Nippon Shokubai Co., Ltd
• Evonik Industries AG
• BASF SE.
• Kao Corporation
• Sumitomo Seika Chemicals Co. Ltd.
• Sanyo Chemicals Industries, Ltd.
• LG Chemicals Ltd
• Yixing Danson Technology
• Zhejiang Weilong Polymer Material Co., Ltd
• Quan Zhou Banglida Technology Industry Co., Ltd
• Shandong Nuoer Biological Technology Co., Ltd.
• Wanhua Chemical Group Co., Ltd
• Sinofloc Chemical Ltd.
• SNF (U.K.) Limited
• Formosa Plastic Corporation
• Songwon Industrial Co. Ltd.

Global Super Absorbent Polymers Market 2022-2032: Report Coverage and Highlights

• Assessment of the historical and current market size (2017-2021), market projections (2022-2032), and its contribution to the parent market
• Key drivers, restraints, opportunities, and key emerging trends impacting market growth
• Predictions on critical supply, demand, and technological trends and changes in consumer behavior
• Value chain analysis (list of manufacturers, distributors, end-users, average profitability margins, etc.)
• Segment-wise, country-wise, and region-wise market analysis
• Competition mapping, market share analysis, key strategies adopted by top players, and competitive tactical intelligence
• Key product innovations and regulatory framework
• Covid-19 impact on the market and how to navigate
• Strategic market analysis and recommendations on crucial winning strategies