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Super Absorbent Polymer Market (Type - Sodium Polyacrylate, and Acrylic Polymer; Applications - Diapers and Sanitary, Irrigation, Concrete, Medical Waste, and Industrial Coatings; End User - Hygienic, Agriculture, Construction, Health Care, and Others): Global Industry Analysis, Trends, Size, Share and Forecasts to 2026

  • Published : April, 2021

  • Rep Id : CM00849

  • Category : Chemicals & Materials

  • Status : Published

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.

 

Market Insight

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.

 

Segment Covered

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.

 

Companies Profiled:

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.

 

Report Highlights:

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.


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