Press release
Super absorbent polymer market Study Report 2019 | Top Players BASF, Nippon Shokubai, Evonik, Sumitomo, and LG Chemical
super absorbent polymer market
Companies focusing on manufacturing baby diapers focus on product thinness to ensure optimal comfort and minimizing environmental impact. To achieve this, companies are procuring SAP with highly absorbent cores and also reducing the weight of bulkier materials such as fluff pulp. Thinner baby diaper products are gaining considerable importance in key markets of North America and Europe. Thinner products also attribute lower freight costs ensuring manufacturers to stay competitive in the global market.
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Global super absorbent polymer market size was estimated at 2.07 million tons in 2014 and is likely to exceed 3.1 million tons by 2023 growing with an expected CAGR of over 5.5%. Super absorbent polymer market revenue is likely to be valued at over USD 11 billion by 2023.
Baby diaper was the leading application and accounted for more that 70% of total consumption in 2014. Agricultural applications are likely to witness highest gains with an estimated CAGR of over 5.8% by 2023 owing to superior water retention properties required for crops in rainfall/water scarce area.
Europe was the dominant region and accounted for more that 30% of SAP demand in 2014. Asia Pacific is likely to witness highest growth rates over the forecast period owing to populations expansion coupled with growing hygiene awareness among consumers.
Reasons to Buy This Report:
1. Super Absorbent Polymer Market size & share forecast by product & application 2019-2025
2. Growth drivers, pitfalls & industry challenges
3. Key Super Absorbent Polymer Market growth opportunities & emerging business models
4. Competitive benchmarking with market share analysis and company profiles
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Europe emerged as the dominant region is likely to witness moderate growth rates. North America was the second largest region is likely to witness steady gains over the forecast period. Asia Pacific, especially India super absorbent polymer market, is likely to witness highest growth rates up to 2023 owing to growth in infant population and increasing disposable income.
Japan super absorbent polymer market was dominated by adult incontinence products in 2015 and was the second largest market in Asia Pacific. Middle East is likely to witness significant growth rates over the forecast period owing to growing baby diapers demand in countries such as Saudi Arabia, UAE and Qatar.
Global super absorbent polymer market share is consolidated with few companies catering to large part of the demand. Major companies are taking initiatives to increase their production capacity and enhance product portfolio.
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Key companies involved in this market include BASF, Nippon Shokubai, Evonik, Sumitomo, and LG Chemical. Other prominent companies include Formosa Plastics, KAO Corporation, SDP Global Corporation, Yixing Danson Technology and Songwon Industrial Corp. Ltd.
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