Press release
Superabsorbent Polymers Market Report 2024 - Market Size, Growth Rate, Major Drivers And Key Trends | Sumitomo Seika Chemicals Co Ltd., ADM Company, BASF SE, Dow Chemical Company
Superabsorbent Polymers Global Market Report
The Business Research Company presents an extensive market research report on the Superabsorbent Polymers Global Market Report 2024 , furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The superabsorbent polymers market size has grown strongly in recent years. It will grow from $9.25 billion in 2023 to $9.94 billion in 2024 at a compound annual growth rate (CAGR) of 7.5%. The growth in the historic period can be attributed to hygiene product demand, agricultural applications, medical and wound care, female hygiene products, construction industry use.
The superabsorbent polymers market size is expected to see strong growth in the next few years. It will grow to $13.24 billion in 2028 at a compound annual growth rate (CAGR) of 7.4%. The growth in the forecast period can be attributed to rising aging population, increased focus on agriculture, medical and healthcare advancements, sustainable and eco-friendly products, innovation in hygiene products. Major trends in the forecast period include increased utilization in concrete for enhanced properties, focus on superabsorbent polymers in the food packaging industry, development of superabsorbent polymers for medical gel applications, application in oil and gas industry for water control, collaborations for research on advanced superabsorbent polymer technologies.
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Key Market Players:
Major companies operating in the superabsorbent polymers market report are Sumitomo Seika Chemicals Co Ltd., ADM Company, BASF SE, Dow Chemical Company, LG Chem Ltd., Mitsubishi Chemical Corporation, Wanhua Chemical Group Co Ltd., Evonik Industries AG, Solvay SA, KAO Corporation, Formosa Plastics Corporation, Kuraray Co Ltd., Zhejiang Satellite Petrochemical Co Ltd., Nippon Shokubai Co Ltd., SDP Global Co Ltd., Rayonier Advanced Materials Inc., Sanyo Chemical Industries Ltd., Songwon Industrial Co Ltd., SNF Floerger Group, Satellite Science & Technology Co Ltd., Chase Corporation, Sinofloc Chemical Ltd., OPX Biotechnologies, Xitao Polymer Co Ltd., Yixing Danson Technology Co Ltd., Quan Zhou Banglida Technology Industry Co Ltd., Shandong Nuoer Biological Technology Co Ltd., Soco Chemical Co Ltd., Chinafloc Chemical Co Ltd., Chemtex Speciality Limited
Market Drivers:
Increasing awareness about personal hygiene and cleanliness is driving the superabsorbent polymers market. Superabsorbent polymers are primarily used as absorbents for water and aqueous solutions for diapers, adult incontinence products, feminine hygiene products, and similar applications. Thus, the increasing awareness about personal hygiene and cleanliness is expected to drive the market. For instance, 55% of Indian consumers intend to buy more personal hygiene and safety products because of the COVID-19 pandemic, hence aiding the growth of the superabsorbent polymers market during the period.
Learn More About The Market Report -
https://www.thebusinessresearchcompany.com/report/superabsorbent-polymers-global-market-report
The superabsorbent polymers market covered in this report is segmented -
1) By Type: Sodium Polyacrylate, Polyacrylate/Polyacrylamide, Copolymers
2) By Production Method: Suspension Polymerization, Solution Polymerization, Gel Polymerization
3) By Application: Medical, Personal Hygiene, Packaging, Construction, Oil And Gas, Other Applications
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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