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Superabsorbent Polymer Market Size, Trends & Growth Analysis 2024-2031 | LG Chem, BASF SE, Evonik.
Superabsorbent Polymer Market
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What is the projected growth of the Global Superabsorbent Polymer market?
Global Superabsorbent Polymer Market reached US$ 8.8 billion in 2023 and is expected to reach US$ 13.4 billion by 2031, growing with a CAGR of 6.4% during the forecast period 2024-2031.
What is Superabsorbent Polymer Market?
The Superabsorbent Polymer (SAP) Market focuses on highly absorbent materials used in diapers, adult incontinence products, feminine hygiene, and agriculture. Driven by rising hygiene awareness, an aging population, and water retention needs in farming, demand is growing. Market trends are shaped by sustainability concerns, biodegradable SAP innovations, and regulatory policies promoting eco-friendly absorption solutions.
Who are the major players in the Superabsorbent Polymer market?
The prominent players in Superabsorbent Polymer market research report are:
LG Chem, BASF SE, Sanyo Chemicals Industries, Zheijiang Satellite, Formosa Plastics, Nippon Shokubai, Evonik, Sumitomo Chemicals, Yixing Denson Technology, Songwon Industrial.
The companies are primarily focusing on strategies such as new product launches to penetrate the fastest-growing emerging markets across the world.
Key Development
In September 2023, Sanyo Chemical Industries announced that its wholly owned subsidiary, SDP Global Co., has developed an eco-friendly superabsorbent polymer (SAP) incorporating plant-based biomass as part of its raw materials. This innovation has received the Biomass Mark certification from the Japan Organics Recycling Association, reinforcing the company's commitment to sustainability.
On November 17, 2020, Nippon Shokubai Co., Ltd., LiveDo Corporation, and Total Care System Co., Ltd. collaborated to develop a new technology for recycling superabsorbent polymers (SAPs) used in disposable diapers. This initiative addresses the growing demand for diaper recycling while focusing on reducing energy consumption and protecting water quality. The newly developed recycling technologies are compatible with various SAPs, including those produced by Nippon Shokubai and other manufacturers worldwide.
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Market Segments
By Product: Sodium Acrylate, polyacrylamide copolymer, Others.
By Application: Feminine Hygiene products, Baby diapers, Agriculture, Medical, Others.
The Superabsorbent Polymer industry is experiencing rapid growth, driven by advancements in medical technologies, increased demand for innovative therapies, and a rising focus on patient-centered care. As these sectors evolve, the need for comprehensive market analysis becomes crucial to understand trends, regulatory changes, and emerging opportunities.
Regions Covered:
The global Superabsorbent Polymer Market report focuses on six major regions: North America, South America, Europe, Asia Pacific, the Middle East, and Africa.
☞ North America - US, Canada, Mexico
☞ Europe- Germany, Russia, UK, France, Italy, Rest of Europe
☞ Asia Pacific- China, India, Japan, Australia, Rest of Asia Pacific
☞ South America- Brazil, Argentina, Colombia, Rest of South America
☞ Middle East and Africa- Saudi Arabia, UAE, Oman, Bahrain, Qatar, Kuwait, Israel
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Benefits of the Report:
➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.
➡ Top-down and bottom-up approach for regional analysis
➡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.
➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market
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Email: Sai.k@datamintelligence.com
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About Us -
DataM Intelligence is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.
Our research database features countless statistics and in-depth analyses across a wide range of 6300+ reports in 40+ domains creating business solutions for more than 200+ companies across 50+ countries; catering to the key business research needs that influence the growth trajectory of our vast clientele.
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