Super Absorbent Polymers Market Projected to Reach US$ 12.9 Billion by 2024

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Top Companies profiled in the Super Absorbent Polymers Market:
Nippon Shokubai (Japan)
BASF (Germany)
Evonik (Germany)
Sumitomo (Japan)
LG Chem (South Korea)
SDP Global (Japan)
Formosa (Taiwan)
Yixing Danson (China)
Satellite Science & Technology Co.Ltd.(China)
Kao Corporation (Japan)

The Super Absorbent Polymers Market is projected to grow from USD 9.0 Billion in 2019 to USD 12.9 Billion by 2024, at a CAGR of 7.4%. This report spread across 118 Pages, Profiling 11 Companies and Supported with 98 Tables and 35 Figures is now available in this research.

“The agriculture application segment is projected to grow at the highest CAGR from 2019 to 2024.”
Among the applications, the production technology segment of the super absorbent polymers market is projected to grow at the highest CAGR during the forecast period, in terms of value.SAP is used to improve soil fertility, prevent erosion, and provide nutrients by increasing the water holding capacity, permeability, and reducing the evaporation and infiltration rates. The three most common factors of soil condition that hamper the growth of plant and crop yield are low water retention ability, high evapotranspiration rate, and soil moisture leaching.

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“The super absorbent polymers market in APAC is projected to grow at the highest CAGR during the forecast period.”
The APAC super absorbent polymers market is projected to grow at the highest CAGR between 2019 and 2024. Growing population, increasing industrialization, economic development, and biodiversity are the key factors attributed to the growth of the SAP market in APAC. The demand for diapers is very high in APAC owing to its large population. Agriculture is one of the biggest sectors in the region. Availability of fresh water is a serious issue in the region due to increased environmental deterioration, high soil erosion, occasional floods, increase in pollution level, and others.

Extensive primary interviews were conducted to determine and verify the market size for several segments and sub segments.

Breakdown of primary participants’ profile:
• By Company Type: Tier 1 – 35%, Tier 2 – 45%, and Tier 3 – 20%
• By Designation: C Level – 35%, Director Level – 25%, and Others – 40%
• By Region: North America – 45%, Europe – 20%, APAC – 30%,RoW-5%

Research Coverage:
This Research report has categorized the super absorbent polymers market on the basis of product type, application, and region. It includes detailed information regarding the major factors, such as drivers, restraints, challenges, and opportunities, influencing the growth of the super absorbent polymers market. A detailed analysis of the key players was done to provide insights on their business overviews, products & services offered, and key strategies, such as investments & expansions and mergers & acquisitions, adopted by them to strengthen their position in the super absorbent polymers market.

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This release was published on openPR.