A recent report published by
Infinium Global Research on super absorbent polymer market provides in-depth
analysis of segments and sub-segments in the global as well as regional super
absorbent polymer market. The study also highlights the impact of drivers,
restraints, and macro indicators on the global and regional super absorbent
polymer market over the short term as well as long term. The report is a
comprehensive presentation of trends, forecast, and dollar values of the global super
absorbent polymer market. According to the report, the global Super Absorbent
Polymer market is projected to grow at a CAGR of 6.66%% over the forecast
period of 2020-2026.
The super absorbent polymer markets
are capable of absorbing large volumes of water and other aqueous solutions.
The other characteristic of these materials is that they can still absorb water
when they are under pressure. In 1978 super absorbent polymer markets were
first produced commercially in Japan. Their introduction has revolutionized the
hygienic and healthcare products segment. super absorbent polymer markets are
suitable for use in the making of hygienic and sanitary products. The
application of these polymers can be found across wide areas. super absorbent
polymer markets are produced from acrylic acids and a crosslinker either by
solution or suspension polymerization. The distinctive crosslinked structure of
the polymers makes them water swelling and not water-soluble. The market for
superabsorbent polymers is highly competitive with the presence of big players
such as BASF SE, Nippon Shokubai, and many more.
The Covid-19 pandemic led to the
halting of manufacturing facilities. This sudden halt of production led to a
shortfall in supply to end-user industries. The restrictions on international
freight movement by the countries were also responsible for the shortfall in
the supply. The global supply chains were affected too. The importance of
personal hygiene was also highlighted during the pandemic. Therefore, people
are demanding more hygienic products.
According to UNO world population in 2020 was 7.8 billion which grew at
an annual rate of 1.1% from 2015-2020. With a birth rate of 18.1 births per
1000, the demand for baby diapers and other sanitary products is on a constant
rise. The growing awareness regarding personal hygiene is also driving the
demand for hygienic products. The farmers giving importance to effective
irrigation systems and water management is also increasing the demand for
agricultural-based super absorbent polymer markets. The use of these polymers
results in effective water management in water-scarce areas, high crop yield,
and other benefits. All these factors are driving the market. The volatility in
the prices of the raw material is acting as a restraint. Increasing investment
in bio-degradable and environmentally sustainable polymers provide a huge
opportunity for the growth of the market.
Asia-Pacific is projected to be
the highest revenue-generating region in the superabsorbent polymer market. The
Asia-pacific region is home to two of the most populous nation India and China
with high birth rates. This is leading to increased demand for baby diaper
pads. Agriculture is practiced by many people in this region so the demand for
agriculture-based super absorbent polymer markets is also high. North America
is anticipated to be the second-largest revenue-making region in the market.
The growing awareness regarding personal hygiene is the key reason for the
rising demand of hygienic products. Europe is expected to be the third-largest
revenue-making region in the market.
The report on global super
absorbent polymer market covers segments such as type, applications, and end
user. On the basis of type, the sub-markets include sodium polyacrylate, and
acrylic polymer. On the basis of applications, the sub-markets include diapers
and sanitary, irrigation, concrete, medical waste, and industrial coatings. On
the basis of end user, the sub-markets include hygienic, agriculture,
construction, health care, and others.
The report provides profiles of
the companies in the market such as Nippon Shokubai, BASF SE, Evonik
Industries, SDP Global, LG Chemical Company, Sumitomo Seika Chemicals co., ltd.,
Formosa Plastics, Dow Chemicals, Songwon Industrial, and Kolon Industries.
The report provides deep insights
into the demand forecasts, market trends, and micro and macro indicators. In
addition, this report provides insights into the factors that are driving and
restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis
given in the report brings an insight into the investment areas that existing
or new market players can consider. The report provides insights into the
market using analytical tools such as Porter's five forces analysis and DRO
analysis of super absorbent polymer market. Moreover, the study highlights
current market trends and provides forecast from 2020-2026. We also have
highlighted future trends in the market that will affect the demand during the
forecast period. Moreover, the competitive analysis given in each regional
market brings an insight into the market share of the leading players.