Press release
Superabsorbent Polymers Market Forecast 2024-2033: Growth Trends & Analysis Report
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.
Market Overview -
The superabsorbent polymer refers to a water-absorbing polymer that can absorb and retain extremely large amounts of a liquid relative to its mass. It is used as an absorbent for water and aqueous solutions for diapers, adult incontinence products, feminine hygiene products, and similar applications.
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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
Sustainable Polymers For Profit Maximization In The Market
Major companies in the superabsorbent polymer market are focused on developing sustainable polymers made from organic materials, such as plant-based biomass, to maximize their profits in the market. Plant-based biomass refers to organic material derived from plants, such as crops and residues, used for various purposes. For instance, in September 2022, SDP Global Co, a Japan-based manufacturer of chemical products, developed an eco-friendly superabsorbent polymer (SAP) using plant-based biomass for 10% and 25% of its raw materials, obtaining the Biomass Mark certification. This SAP, with a cross-linked structure, absorbs water several hundred to a thousand times its weight.
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Key Segments -
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
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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