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Biodegradable Superabsorbent Materials Market Trends 2018 | Key Players are Archer Daniels Midland, The Lubrizol Corporation, Exotech Bio Solutions Ltd., CP Kelco, CryoLife Inc., Coloplast A/S, NanoChem Solutions Inc.
Biodegradable Superabsorbent Materials Market
Biodegradable superabsorbent materials market size is set to be valued at USD 192.6 million by 2023. Rise in infant population growth accompanied by increase in consumer affordability has driven disposable baby diapers demand which should enhance biodegradable superabsorbent materials market size.
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PVA was the largest revenue generating product and was valued at over USD 83 million in 2015. Personal hygiene and agriculture were major applications.
Increasing investment by companies such as Cargill, Novozymes, Metabolix and Myriant to develop bio based acrylic acid may hinder industry growth and affect biodegradable superabsorbent polymer market price trend.
Global biodegradable superabsorbent materials market size may reach 89.6 kilo tons by 2023, growing at 6.4% CAGR. Rise in environment consciousness along with increasing health risks pertaining to non-degradable toxic chemicals wastage are key factors fueling industry growth.
Disposable diapers dominated the application landscape and were valued at over USD 79 million in 2015. Shift in consumer preference for disposable baby diapers due to increase in purchasing power and high living standard has propelled application demand.
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Agriculture application may witness growth of more than 7% CAGR up to 2023. Rising water scarcity for crop cultivation have motivated industry to adopt biodegradable superabsorbents in farming owing to its water retention properties.
Europe, predominant by Germany, was the largest revenue generating region and was valued at close to USD 50 million in 2015. The region is mainly driven by environment regulations and consumer awareness.
Germany polysaccharides based biodegradable superabsorbent materials market size may surpass 1.75 kilo tons by 2023. APAC, with introduction of new farming techniques in China and India, is forecast to achieve highest gains at over 6.5% CAGR up to 2023.
China agriculture applications may register over 1 kilo tons by 2023 with gains at over 6.8% CAGR. U.S. adult incontinence applications may witness 5.8% CAGR and surpass 2.1 kilo tons by 2023.
Medical applications may grow significantly and exceed USD 5 million valuation by 2023. Increase in medical problems related to bones and joints are encouraging to adopt cellulose hydrogel biodegradable superabsorbent polymers, owing to its healing properties. It is also used in various medical treatments to absorb extra water in human body.
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Biodegradable superabsorbent materials market share is competitive. Key industry participants include ADM, TryEco, Coloplast A/S and Weyerhaeuser.
Global Market Insights has segmented the biodegradable superabsorbent materials industry on the basis of product, application and region:
Biodegradable Superabsorbent Materials Market Product Analysis (Volume: Tons, Revenue, USD Million, 2012 - 2023)
Polyvinyl Alcohol (PVA)
Polysaccharides
Polyitaconic acid
Polypeptide
Biodegradable Superabsorbent Materials Market Application Analysis (Volume: Tons, Revenue, USD Million, 2012 - 2023)
Disposable diapers
Adult Incontinence
Feminine hygiene
Agriculture
Medical
Others
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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