Press release
Superabsorbent Polymers Market size to surpass $13.24 billion by 2028, growing at a CAGR of 7.4% over Forecast Period 2024-2033
Superabsorbent Polymers Market Report
The Business Research Company offers in-depth market insights through Superabsorbent Polymers Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
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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Market Segmentation:
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
Major Driver - Rising Awareness Of Personal Hygiene Boosts The Superabsorbent Polymers Market
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.
Competitive Landscape:
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
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Top Trend - Environment-Friendly Products For Providing Effective Hygiene Care
Major companies in the superabsorbent polymer market are focused on developing environment-friendly products by using advanced technology, such as super absorbent polymer (SAP) technology, to provide effective hygiene care and to gain a competitive edge in the market. Super absorbent polymer (SAP) technology is a material designed to retain large fluid volumes efficiently. For instance, in September 2022, City Pharmacy Limited, a Papua New Guinea-based consumer goods company, launched Bumbums, an upgraded environmentally friendly diaper brand, featuring enhanced absorbency for effective baby hygiene and lasting comfort. The product utilizes Japanese Sumitomo super absorbent polymer (SAP) technology, designed to retain large fluid volumes, and is infused with aloe extract for skin sensitivity. Additionally, a biodegradable fiber layer contributes to environmental sustainability.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Superabsorbent Polymers Market Characteristics
3. Superabsorbent Polymers Market Trends And Strategies
4. Superabsorbent Polymers Market - Macro Economic Scenario
5. Superabsorbent Polymers Market Size And Growth
…..
27. Superabsorbent Polymers Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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