What are main Application of the Super Absorbent Polymer Market ? | BASF SE, Evonik Industries AG, Kao Corporation, LG Chem, Sanyo Chemical, Xitao Polymer

Global Super absorbent polymer market is anticipated to exceed $10.8 billion by 2027, and growing at a CAGR of 6.4% from 2020 to 2027. Super Absorbent Polymer Market growth is driven by surge in popularity of diaper pants and rise in consumer awareness toward infant's hygiene. However, volatility in raw material prices hampers the market. On the contrary, developing economies and high birth rate countries are expected to create lucrative opportunities for the market players in the coming years.

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On the basis of application, it is divided into personal care, healthcare, agriculture & horticulture, and others. On the basis of production method, the market is studied across suspension polymerization, solution polymerization, and gel polymerization. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. The super absorbent polymer market share is analyzed across all important regions and segments.

By production method, the solution polymerization segment is expected to register the highest CAGR of 7.1% through 2027, due to high efficiency and lower capital cost. In addition, solution polymerization production method uses its own energy to carry out the process, which reduces the capital expenditure. However, the gel polymerization segment held the largest share in 2019, contributing to more than four-fifths of the global super absorbent polymer market, as the method is widely used to manufacture super absorbent polymers with great absorbency under pressure.

By region, the global super absorbent polymer market across Asia-Pacific, followed by North America, held the largest share in 2019, accounting for around two-fifths of the market. The region is expected to register the highest CAGR of 6.9% during the forecast period, due to rising healthcare sector and growing population in the region. The report analyses the other regions such as North America, Europe, and LAMEA.

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Major Market Players

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
Zhejiang Satellite Petrochemical Co., Ltd

Covid-19 scenario: The outbreak of Covid-19 has greatly affected the global super absorbent polymer market.

Lockdown in various countries and shortage of labor have temporarily suspended the manufacturing of advanced materials.
Dearth of raw materials and disrupted supply chain has affected the manufacturing of super absorbent polymer resin.
The synthetic segment held lion's share

By type, the synthetic segment dominated the market in 2019, accounting for nearly 90% of the global super absorbent polymer market, due to its high adoption because of its high absorbency potential under load. However, the natural segment is expected to manifest the highest CAGR of 7.1% during the forecast period, owing to its characteristics such as biocompatibility, non-toxic, and sustainability.

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Key Benefits For Stakeholders

The super absorbent polymer market is studied from 2019 to 2027
The report provides an in-depth analysis of the market along with the current and future super absorbent polymer market trends
This report highlights the key drivers, opportunities, and restraints of the market along with the impact analysis during the forecast period
Porter's five forces analysis helps analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building
A comprehensive analysis of the factors that drive and restrain the market growth is provided
The qualitative data in this report aims on market dynamics, market trends, and developments
The super absorbent polymer market size is provided in terms of volume and revenue

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