Superabsorbent Polymer (SAP) Market Update Report 2024| Industry Trends, Demand, Leading Companies and Segmentation till 2031/ BASF SE, Evonik Industries, LG Chem

The global superabsorbent polymer (SAP) market is anticipated to grow at a significant CAGR of 5.9% during the forecast period. The proactive factors that boost the market growth include an increase in the agriculture sector, technological innovations, the presence of key market players, and the growing adoption of superabsorbent polymers in the baby care sector. For instance, in September 2019, Archer Daniels Midland Company (ADM) and LG Chem announced a joint development agreement to create biobased acrylic acid, a foundational element required in the manufacture of superabsorbent polymers (SAP) used in a range of hygiene products, including diapers. In addition, technological advances, innovative strategies adopted by key players, and regulatory bodies are other factors that boost the market growth. In January 2023, the University of Minnesota Twin Cities invented a new catalyst technology that converts renewable materials such as trees and corn to the key chemicals, acrylic acid, and acrylates used in paints, coatings, and superabsorbent polymers. The new catalyst technology is also highly efficient, which means lower costs for manufacturing renewable chemicals.

Moreover, the major vendors which include, Cargill and P&G, Bharat Petroleum Corp., and others adopted numerous key strategies such as partnerships, new product launches, and innovations that further propel the market growth. For instance, in May 2020, Procter & Gamble granted Cargill, Inc., an exclusive license that allows Cargill to further develop and commercialize a technology developed by P&G that converts lactic acid into bio-based acrylic acid, so that it can ultimately be incorporated in a range of applications from superabsorbent polymers in absorbent hygiene products to thickeners in household paints and beyond. The use of bio-based acrylic acid reduces greenhouse gas (GHG) emissions. Furthermore, in June 2021, Bharat Petroleum Corp. set up a 50,000 metric tonne per annum superabsorbent polymer plant at the Kochi refinery, in India. The superabsorbent polymer manufactured in this power plant is used in various hygiene products such as diapers, and other incontinence products.

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Market Coverage

• The market number available for - 2023-2031

• Base year- 2023

• Forecast period- 2024-2031

Segment Covered-

· By Type

· By Application

Regions Covered-

· North America

· Europe

· Asia-Pacific

· Rest of the World

• Competitive Landscape- BASF SE, Evonik Industries, LG Chem, Nippon Shokubai Co., Ltd., and others.

Superabsorbent Polymer (SAP) Market Report Segment

By Type

• Sodium Polyacrylate

• Polyacrylamide Copolymer

• Polyacrylate Copolymers

• Ethylene Maleic Anhydride Copolymers

• Polysaccharides

• Others

By Application

• Pharmaceuticals

• Personal Care

• Baby Care

• Agriculture

• Packaging

• Construction

• Others

A full Report of Superabsorbent Polymer (SAP) Market is Available @ https://www.omrglobal.com/industry-reports/superabsorbent-polymer-sap-market

Superabsorbent Polymer (SAP) Market Report by Region

North America

· United States

· Canada

Europe

· UK

· Germany

· Spain

· France

· Italy

· Rest of Europe

Asia-Pacific

· India

· China

· Japan

· South Korea

· Rest of APAC

Rest of the World

• Latin America

• Middle East and Africa

Company Profiles

• Formosa Plastics Corp.

• Hosokawa Micron B.V.

• Kao Corp.

• M2 Polymer Technologies Inc

• Sanyo Chemical Industries Ltd.

• Shenghong Holding Group

• Xitao Polymer Co., Ltd

• Yixing Danson

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2. More than 120 countries are for analysis.

3. Over 100+ paid data sources mined for investigation.

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