The global super absorbent polymers market size is expected to reach USD 14.67 billion by 2028 according to a new study by Polaris Market Research. The report “Super Absorbent Polymers Market Share, Size, Trends, Industry Analysis Report, By Type (Sodium Polyacrylate, Polyacrylate/Polyacrylamide, Copolymers); By Application (Agriculture, Baby Diapers, Adult Incontinence Products, Female Hygiene Products); By Regions; Segment Forecast, 2021 – 2028” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The market for super absorbent polymers is anticipated to show growth over the forecast period considering the rising awareness of female hygiene along with baby and adult incontinence products. The increasing birth rate along with the rising geriatric population is driving the market across the globe. The market is anticipated to grow in the future owing to its increasing application in industries such as healthcare and agriculture.
The sodium polyacrylate market segment led the market in the year 2020, accounted for its use in personal hygiene. It retains good gel strength, fast blood suction, and high absorption capabilities. It is used in pet pads, sanitary towels, and paper pads. The adult continence segment has encouraging growth potential for super absorbent polymers over the forecast period considering the increase in the geriatric population.
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Asia Pacific super absorbent polymers demand is anticipated to gain a larger market share over the forecast period owing to the untapped market in the region and growing population. However, the countries such as Japan with lower fertility rates and declining birth rates are expected to show lower market growth for super absorbent polymers.
Key players operating in the global super absorbent polymers market include BASF (Germany), Nippon Shokubai (Japan), Evonik (Germany), LG Chem (South Korea), SDP Global (Japan), Formosa (Taiwan), Yixing Danson (China), Satellite Science & Technology Co., Ltd. (China), Sumitomo (Japan), and Kao Corporation (Japan). The market is highly concentrated and focusing on gaining a competitive edge through mergers, partnerships, acquisitions, etc. German company Evonik acquired Porocel Group, a U.S.-based company for USD 210 million, in the year 2020. It enables the organization to expand the catalysts portfolio and boost the catalyst business segment.
Polaris Market Research has segmented the super absorbent polymer market report on the basis of type, application, and region:
Super Absorbent Polymers, Type Outlook (Revenue – USD Million, 2016 – 2028)
- Sodium Polyacrylate
- Polyacrylate/Polyacrylamide, Copolymers
Super Absorbent Polymers, Application Outlook (Revenue – USD Million, 2016 – 2028)
- Baby Diapers
- Adult Incontinence Products
- Female Hygiene Products
Super Absorbent Polymers, by Regional Outlook (Revenue – USD Million, 2016 – 2028)
- North America
- Asia Pacific
- South Korea
- Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa