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Global Super Absorbent Polymer (SAP) Market Analysis by Recent Developments and Business Outlook 2022-2030
Inkwood Research estimates that the Global Super Absorbent Polymer (SAP) Market is projected to progress at a CAGR of 6.05% in terms of revenue and 5.95% in terms of volume during the forecast period, 2019-2028."Browse 157 Market Data Tables and 67 Figures spread over 229 Pages, along with an in-depth TOC on the Global Super Absorbent Polymer (SAP) Market Forecast 2019-2028."
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Super absorbent polymer (SAP) is a cross-linked polymer capable of absorbing liquids, along with trapping them under extreme pressure. They are made by detailed crosslinking of polyacrylate with suitable additives. Their characteristic features include biocompatibility, swelling, de-swelling, high adsorption capacities, and hydrophilicity.
Increasing Hygiene Awareness Drives Market Growth
SAPs can absorb up to 300 times their weight in aqueous fluids. Their characteristics protect the skin against rashes and irritation. It is primarily used in diapers, adult incontinence products, and similar personal hygiene products. Several governments across the world are collaborating with different NGOs, companies, media center, to make people aware of the hygiene management. The aim is to restrict the spread of diseases and keeping the environment clean and safe.
As per the WHO, almost 15 million births take place every year, and the number keeps increasing. The increasing awareness regarding baby hygiene and the growing birth rates are raising the demand for SAPs. Companies like Domtar started the Comfort and Care Diaper Assistance Program for hygiene products that include baby diapers and adult incontinence products. The company supplies diaper kits for several diaper donation programs for local and global needs. Such initiatives are set to increase awareness regarding hygiene products, and subsequently, the demands for SAPs.
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Healthcare is the fastest-growing Application in all Aspects
The rising expenditure on health and well-being by governments across the globe has led to thriving healthcare sectors in several regions. SAPs are used in the healthcare domain for wound dressing, superabsorbent mats, and medical waste solidification. With regard to the wound dressing, it is used for moderate to heavily exuding wounds like pressure ulcers, leg ulcers, chronic wounds, lymphedema, etc. Their superior retention and absorption properties make dressings ultra-thin and comfortable to wear. They also minimize odor, pain, and healing time. Due to its high viscosity, medical waste becomes complicated to handle. The super absorbent polymers are formulated to absorb and merge bio-hazardous and biomedical waste.
Asia Pacific evaluated to lead in terms of Volume and Revenue by 2028
The Asia Pacific region encompasses emerging economies and major consumers of personal hygiene products. Major manufactures of the market are based in the region. Several countries of the region house a growing aging population, along with thriving healthcare sectors. These factors are set to result in increased hygiene awareness, and thereby increase the demand for the market under study.
The global super absorbent polymer (SAP) market is consolidated with few players vertically integrated, which further strengthens the competition. The leading companies are trying to sustain the competitive market through acquisitions and mergers. Some of the top players in the market are Kao Corporation, Sanyo Chemical Industries Ltd, Evonik Industries AG, Basf SE, LG Chem Ltd, etc.
Related Reports:
GLOBAL CONDUCTIVE POLYMER MARKET
GLOBAL DISPOSABLE DIAPERS MARKET
GLOBAL PP NONWOVEN FABRICS MARKET
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