Medical Superabsorbent Polymers Market - Emerge Dominant Owing to Growing Use of Incontinence and Hygiene Products By 2020

The global superabsorbent polymers (SAP) market is highly concentrated as the top six companies accounted for a share of over 90.4% in 2013, states Transparency Market Research (TMR) in a new report. The leading players are focusing on enhancing production capacities to meet the growing demand for superabsorbent polymers across the world. Key players such as Nippon Shokubai, BASF SE, Evonik Industries, Sumito Seika Chemicals Co., San-Dia Polymer, and LG Chem are striving to gain a competitive edge over each other by focusing on the production of bio-based polymers due to the implementation of strict regulations regarding the use of petroleum-based polymers. The support from environmental regulatory bodies for the use of bio-based polymers is likely to open a plethora of opportunities for new entrants in the global superabsorbent polymers market.

The global superabsorbent polymers market is expected to expand at a 5.5% CAGR between 2014 and 2020. The market was worth US$6.71 bn in 2015 and is expected to rise to a valuation of US$8.78 bn by the end of 2020. In terms of application, the baby diapers segment emerged as the leading consumer of superabsorbent polymer in 2013 with a share of 74.7% in the global superabsorbent polymers market. It is expected to account for a share of 75.1% in 2020. Superabsorbent polymers are used in the manufacturing of baby diapers due their high absorption characteristic. Europe will considerably contribute to the demand for SAPs thanks to the high consumption of baby diapers here.

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Medical superabsorbent polymers are segmented based on applications that include woven and nonwoven fabrics for wound care products. Woven wound care products include sponges and gauzes, while nonwoven products comprise wound dressing, bandages, and surgical tapes. Demand for woven and nonwoven fabrics has increased due to growing demand for wound dressings owing to rising number of accidents and diseases. This, in turn, has boosted demand for medical superabsorbent polymers globally. Woven fabrics accounted for over 25% share of the global medical superabsorbent polymers market in 2013. The segment is anticipated to expand steadily during the forecast period.

Medical superabsorbent polymers have wide scope for growth in medical and other applications (including surgical pads, healing patches and drapes). The wound care segment is further bifurcated into traditional and advanced wound care. Traditional wound care products include gauze dressings, sponges and medical tapes, while advanced wound care dressings comprise burn wound dressings and chronic wound dressings. Advanced wound care is likely to gain market share due to rising demand for these products in developing regions such as Asia Pacific and the Middle East. The others segment (including surgical pads and healing patches) is also anticipated to boost demand for medical superabsorbent polymers during the forecast period. Advanced wound care accounted for more than 35% share of the global medical superabsorbent polymers market in 2013. The segment is projected to gain market share in the near future.

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Developing regions are expected to contribute to the growth of the global medical superabsorbent polymers market. Asia Pacific is anticipated to be the fastest growing market during the forecast period. Europe accounted for approximately 40% of the global medical superabsorbent polymers market in 2013. North America is estimated to gain market share during the forecast period, due to rising demand from various end-user industries in the region. Demand for medical superabsorbent polymers is also projected to increase in Rest of the World (RoW), including the Middle East, Africa, Australia, and Latin America, during the forecast period.

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