Super Absorbent Polymer Market size is projected to reach $10.8 billion by 2027

According to a new report published by Report Ocean titled, “Super Absorbent Polymer Market by Type, Application, and Production Method: Opportunity Analysis and Industry Forecast, 2020–2027,” the global super absorbent polymer market was valued at $7.6 billion in 2019, and is projected to reach $10.8 billion by 2027, growing at a CAGR of 6.4% from 2020 to 2027.

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Super absorbent polymer is a material that has the ability to absorb aqueous fluids. Once absorbed, it cannot be released. It is basically an ideal choice for products, which are developed to contain liquids such as baby diapers, adult incontinence products, feminine hygiene pads, and others. Most of the SAP are produced from sodium polyacrylate and available in granular form or fibers.

Growth in the geriatric population and rise in demand for super absorbent polymer from manufacturers of baby diapers, owing to its excellent liquid absorption and retention capacity are some of the factors that drive the growth of the super absorbent polymer market. In addition, rise in e-commerce is also one the major factors contributing toward the regional market growth for personal care products. However, volatility in the prices of raw materials and matured market for diapers in developed economies are expected to hamper the super absorbent polymer market growth. On the contrary, development of bio-based SAP and increase in penetration of personal hygiene products in emerging economies are some of the factors expected to offer lucrative opportunities for the market growth during the forecast period.

The report segments the super absorbent polymer market on the basis of type, application, production method, and region. By type, the market is classified into synthetic and natural. The synthetic segment is sub-divided into sodium polyacrylate, polyacrylamide copolymer, ethylene maleic anhydride copolymer, and others. Whereas, the natural segment is further categorized into polyvinyl alcohol, polysaccharides, polyitaconic acid, polypeptide, and others. On the basis of application, the market is fragmented into personal care, healthcare, agriculture &horticulture, and other. The personal care segment is further categorized into adult incontinence products, sanitary napkins, baby diapers, nappy pads, and urinary bag. The healthcare segment is further sub-divided into wound dressing, medical waste solidification, and superabsorbent mat. The agriculture and horticulture segment is further categorized into seed coating, root dipping, soil broadcasting, flower beds, and ornamental gardens. By production method, the super absorbent polymer market is bifurcated into suspension polymerization, solution polymerization, and gel polymerization. By region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA. The super absorbent polymer market share is analyzed across all regions and segments.

On the basis of type, synthetic super absorbent polymer garnered highest market share in 2019 in terms of revenue as well as volume. This is attributed to its high adoption owing to its high absorbency potential under load.

Based on the application, the healthcare industry is expected to grow at fastest growth rate during the forecast period. This is owing to growth of the healthcare sector in Asia-Pacific and LAMEA.

Based on the region, Asia-Pacific is expected to grow at a fastest growth rate in terms of volume as well as revenue. This is owing to growth of the population in countries such as India and presence of potential consumers such as Japan and China.

The super absorbent polymer market analysis covers in-depth information of the major industry participants. The key players operating and profiled in the super absorbent polymer market include BASF SE, Evonik Industries AG, Kao Corporation, LG Chem, Sanyo Chemical Industries, LTD, Sumitomo Seika Chemicals Co., LTD, Nippon Shokubai CO., LTD., Xitao Polymer Co., Ltd, Yixing Danson Technology, and Zhejiang Satellite Petrochemical Co., Ltd.

Other players in the value chain of the super absorbent polymer market include High Smart Commodity Co., LTD, Soco, Chinafloc, Songwon Industrial, Wanhua Chemical Group Co. Ltd, Chemtex Speciality Limited, Chase Corp, and others.

Key Findings Of The Study

The super absorbent polymer market is analyzed from 2019 to 2027
On the basis of region, the North America super absorbent polymer market gained a share of 23.9% in terms of revenue in 2019
The personal care application garnered a share of 89.5% in terms of volume in 2019
On the basis of type, the synthetic segment gained a share of 90.0% in terms of volume of the share in 2019
On the basis of production method, the gel polymerization segment gained 85.4% share, in terms of volume in 2019
A comprehensive analysis of the factors that drive and restrain the market growth is provided in the report
The qualitative data in this report aims at the market dynamics, super absorbent polymer market trends, and developments in the industry
The super absorbent polymer market size in provided in terms of volume and revenue
Impact Of Covid-19 On The Super Absorbent Polymer Market

The superabsorbent polymers market has witnessed a noteworthy manufacturing crunch, owing to the outbreak of the novel Corona virus or COVID-19
Many countries in the world have imposed lockdown, which has resulted in complete shut or operating at half of their capacities of manufacturing units
Social distancing rules have disrupted distribution arrangements, leading to problems in purchasing raw materials for production
The players operating in the super absorbent polymer market are supporting their supply chains by integrating their online sales platforms in order to distribute their products to their end-users.

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This release was published on openPR.