Press release
Super Absorbent Polymers Market to Hit USD 12.5 billion, Industry Trends, Price, Growth Analysis, Top Key Players, Strategies and Forecast 2028
Super Absorbent Polymers Market Overview:Super absorbent polymers (SAPs) are materials that can absorb a large amount of water in comparison to their weight. Because of their properties and nature, they are widely used in a variety of applications, including medicine, civil engineering, soil science, agricultural production, and hygienic products.
The global Super Absorbent Polymers market size is projected to grow from USD 7.5 billion in 2019 to USD 12.5 billion by 2028, at a CAGR 7.06% during the forecast period 2022-2028.
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The increasing awareness of personal hygiene and cleanliness, as well as the increasing disposable income of end users in countries, are key factors driving the market. The increasing use of super absorbent polymers in the production of feminine hygiene products, disposable diapers, and adult incontinence products will drive market sales.
Super Absorbent Polymers Market Key Players
The study of the growth of the top market player for in the target sector includes new projects with speculative returns, innovations and study of the accessibility of companies. some of the profiled players are Sumitomo, BASF, LG Chem, Evonic, SDP Global, Formosa, Yixing Danson, Satellite Science & Technology Co., Ltd., Kao Corporation and Others
Recent Development
In November 2020, Nippon Shokubai, LiveDo Corporation (Japan), and Total Care System (Japan) jointly have been developing various technologies to promote systems that recycle disposable diapers, the use of which continues to increase. These three companies have recently developed new recycling technologies for super absorbent polymers in used diapers. The technology can be applied to a wide variety of super absorbent polymers distributed worldwide.
In March 2021, BASF invested USD 30.1 million in new excellence center for its hygiene business. With this investment, BASF will increase innovation capabilities for its super absorbent polymer business by building a state-of-the-art Super absorbents Excellence Center at its Verbund site in Antwerp, Belgium.
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Super Absorbent Polymers Market Segmentation:
Global Market by Type, 2019-2028, (IN USD Million)
Sodium Polyacrylate
Polyacrylate/Polyacrylamide
Copolymers
Global Market by Application, 2019-2028, (In USD Million)
Personal Hygiene
Agriculture
Medical
Industrial
Packaging
Construction
Oil & Gas
Growth Factors:
Increasing demand from the Super Absorbent Polymers industries
The growing use of Super Absorbent Polymers in Chemical and Material Sectors.
Rising demand for products
Technological advancements in production processes
Growing applications in Super Absorbent Polymers Market
Super Absorbent Polymers Market Regional Analysis
Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Fiberglass Storage Tank (Fiberglass Tank) Professional in these regions, from 2022-2028, covering
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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Key Super Absorbent Polymers Market Trends
- The report identifies, determines, and forecasts the Global Super Absorbent Polymers Market segments based on their type, sub-type, technology used, applications, end-users, and regions.
- Industry to Industry Holds Largest Share in the Super Absorbent Polymers Market
- It examines the micro-markets based on their growth trends, development patterns, future prospects, and contribution to the overall market.
- Demand from Regional / geographical is expected to drive the Growth
- Rising Adoption of Market Segments in the Super Absorbent Polymers Growth
- It studies the competitive developments such as partnerships and collaborations, mergers and acquisitions (M&A), research and development (R&D) activities, product developments, and expansions in the Global Super Absorbent Polymers Market.
Frequently Asked Questions
What is the study period of this market?
What is the growth rate of Super Absorbent Polymers Market?
Which region has highest growth rate in Super Absorbent Polymers Market?
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Who are the key players in Super Absorbent Polymers Market?
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