Superabsorbent Polymers Market will generate admirable revenue by 2025
How will increasing incidence of diseases affect superabsorbent polymers market?
In developing countries, spread of diseases due to poor hygiene conditions is on rise. A few of the diseases include hepatitis A, pneumonia, gastroenteritis, and scabies, which occur by viral, parasitic, and bacterial invaders. Spreading of such diseases has been pushing concerns in society and increasing the adoption of suitable hygiene conditions and practices in developing as well as developed countries. These diseases have led to the increase in usage of adult contingence, sanitary napkins, and diapers. According to superabsorbent polymers market forecast report, such diseases will help in significant industry growth in the years to come.
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Growth driver are
1. Growing health awareness coupled with rising healthcare expenditure to boost market growth
2. Increase in consumer awareness regarding hygiene is expected to drive growth of superabsorbent polymers
3. Increasing food demand among booming global population
The amplification in use of adult incontinence products has been a result of expanding geriatric population. Growing geriatric populace has subsequently led to multiplication in demand for superabsorbent polymer adult diapers as incontinence is a very common problem among aging people. In developing regions such as Asia Pacific, use of adult diapers is promoted owing to growing awareness about hygiene conditions among people. Adult incontinence products have been anticipated to observe substantial growth by 2025 accounting for 12% of superabsorbent polymers market share over 2019-2025.
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Growing global population has been leading to expansion in food demand. Global warming and environmental change have resulted in irregular monsoons which in turn has affected crop yield. Superabsorbent polymers are acknowledged to assist plant growth during drought conditions. Superabsorbent polymers also empower plants to endure through reduction of water requirement up to 50% in dry, desert, and mountainous areas.
Superabsorbent polymer consists of sodium polyacrylate and polyacrylamide copolymers. Some other niche product segment comprises of polyvinyl alcohol, polysaccharides etc. It has been projected that sodium acrylate will account for nearly 60% of the entire superabsorbent polymers market share by 2025.
Polyacrylamide copolymer exhibits high-water retention property and nontoxic behavior. The polymer is used in feminine hygiene products, soft contact lenses, surgical pads, baby diapers, etc. According to the superabsorbent polymers market report published by Global Market Insights Inc., polyacrylamide copolymers segment will contribute revenue of around $2.5 billion by 2025 towards superabsorbent polymer market.
North America superabsorbent polymers market will be majorly led by the U.S. which will account for about 25% in overall market growth. Augmenting prevalence of chronic diseases, technological advancements, and upsurge in the general awareness of patients will fuel superabsorbent polymer industry. Furthermore, the life expectancy in North America is 78.7 years which contributes towards the expanding geriatric population of the country. Increasing elderly population in the region will grow the adult continence product by 2025 which will in turn offer impetus to superabsorbent polymer industry.
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