Superabsorbent Polymer Market is expected to reach US$ 13.4 billion by 2031 | LG Chem, BASF SE, Sanyo Chemicals Industries

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.

Superabsorbent Polymer Market report, published by DataM Intelligence, provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. Committed to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. Through a combination of qualitative and quantitative research methods, it offers comprehensive reports that help clients navigate complex market landscapes, drive strategic growth, and seize new opportunities in an ever-evolving global market.

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The polymer industry is experiencing a wave of innovation, with significant advancements in superabsorbent polymer (SAP) development. In 2022, Sanyo Chemical Industries announced a major breakthrough as its subsidiary, SDP Global Co., successfully developed an eco-friendly SAP using plant-based biomass. This achievement earned the prestigious Biomass Mark certification from the Japan Organics Recycling Association, reinforcing Sanyo Chemical's commitment to sustainability.

In 2023, BASF took a significant step in the SAP market by launching production at its state-of-the-art Superabsorbent Excellence Center in Antwerp, Belgium. With a €25 million investment, BASF reaffirmed its dedication to the hygiene sector, a crucial part of its acrylics value chain.

The Asia-Pacific region is witnessing rapid growth in the SAP market, driven by economic expansion and rising consumer spending on personal care products in countries such as China, India, and Japan. Notably, on June 9, 2021, Bharat Petroleum Corp Ltd (BPCL) announced plans to construct a superabsorbent polymer plant near its petrochemical complex in Kochi, with an annual capacity of 50,000 tons. The project follows a phased approach, starting with a 200-ton demonstration plant before scaling up to full commercial production. The facility will source feedstock from BPCL's newly commissioned acrylic acid plant, further strengthening the region's growing influence in the superabsorbent polymer market.

List of the Key Players in the Superabsorbent Polymer Market: LG Chem, BASF SE, Sanyo Chemicals Industries, Zheijiang Satellite, Formosa Plastics, Nippon Shokubai, Evonik, Sumitomo Chemicals, Yixing Denson Technology and Songwon Industrial.

Industry Development:

On September 2023, Sanyo Chemical Industries announced that its wholly owned subsidiary SDP Global Co. has developed an eco-friendly superabsorbent polymer (SAP) made using plant-based biomass as part of its raw materials and has acquired the Biomass Mark certified by the Japan Organics Recycling Association.

On 25 March 2021, BASF SE is investing 25 million in building a Superabsorbent Excellence Center at its Verbund site in Antwerp, Belgium, to strengthen product development for superabsorbent polymers. The company aims to enhance innovation capabilities and accelerate the scale-up process by equipping the new pilot plant with advanced data collection and sensor technology.

Growth Forecast Projected:

The Global Superabsorbent Polymer Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

Research Process:

Both primary and secondary data sources have been used in the global Superabsorbent Polymer Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

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Segment Covered in the Superabsorbent Polymer Market:

by Product Type (Sodium Acrylate, polyacrylamide copolymer, Others)

Application-based Analysis (Feminine Hygiene products, Baby diapers, Agriculture, Medical, Others)

by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa)

Regional Analysis for Superabsorbent Polymer Market:

The regional analysis of the Superabsorbent Polymer Market covers key regions including North America, Europe, Asia Pacific Middle East and Africa and South America. The North America with a focus on the U.S., Canada, and Mexico; Europe, highlighting major countries like the U.K., Germany, France, and Italy, along with other nations in the region; Asia-Pacific, covering India, China, Japan, South Korea, and Australia, among others; South America, with emphasis on Colombia, Brazil, and Argentina; and the Middle East & Africa, which includes Saudi Arabia, the U.A.E., South Africa, and other countries. This comprehensive regional breakdown helps identify unique market trends and growth opportunities specific to each area.

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

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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People Also Ask:

➠ What is the global sales, production, consumption, import, and export value of the Superabsorbent Polymer market?

➠ Who are the leading manufacturers in the global Superabsorbent Polymer industry? What is their operational status in terms of capacity, production, sales, pricing, costs, gross margin, and revenue?

➠ What opportunities and challenges do vendors in the global Superabsorbent Polymer industry face?

➠ Which applications, end-users, or product types are expected to see growth? What is the market share for each type and application?

➠ What are the key factors and limitations affecting the growth of the Superabsorbent Polymer market?

➠ What are the various sales, marketing, and distribution channels in the global industry?

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