Biodegradable Superabsorbent Materials Market to witness growth of 6.1% by 2023 | Key Players Archer Daniels Midland, Akron Biotech, Coloplast, CryoLife, Collagen Solutions plc, Valagro, AMEREQ
Polysaccharides are forecast to achieve highest gains at more than 9% CAGR up to 2023. Abundant starch availability as feedstock coupled with its bio-based properties are considered to make them the most preferable polymers.
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Technology innovation along with rising non-toxic material usage in manufacturing industries owing to environmental regulations should positively persuade biodegradable superabsorbent materials market growth. Rising geriatric population accompanied by increasing bladder related problems among adult has increased the adult incontinence product consumption. It is also used during pregnancy and childbirth.
Biodegradable Superabsorbent Materials Market Product Analysis:
• Polyvinyl Alcohol (PVA)
• Polyitaconic acid
Improvement in farming techniques to increase crop yield coupled with urge to adopt effective water utilization in arid areas is another lucrative factor stimulating industry growth. This factor may drive biodegradable superabsorbent polymers market for agricultural applications.
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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.
Key Participants are:
• Archer Daniels Midland
• Akron Biotech
• Collagen Solutions plc
Biodegradable superabsorbent materials are being adopted worldwide. Europe market, led by Germany, dominated the industry by contributing a share of USD 48 million in 2015. APAC is expected to witness the highest growth, registering a CAGR of 6.5% over the period of 2016-2023 with China market share to be worth USD 25 million by 2023. U.S. adult incontinence market is expected to grow at a CAGR of 5.8% reaching 2.1 Kilotons by 2023.
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Some of the key players in this market space are ADM, TryEco, Exotech Bio Solutions, Weyerhaeuser Company, Valagro, NanoChem Solutions, AMEREQ, CryoLife, Coloplast A/S, Collagen Solutions, and Akron Biotech. The research by Global Market Insights Inc. anticipates the Global Biodegradable Superabsorbent material market to reach 89.6 kilotons in 2023.
This huge demand and the resulting growth shall witness a number of collaborations, alliances and partnerships in the corporate world. The Biotech firms may tie up with the technology world to enhance their product portfolios.
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