by Precedence Research a new report on super absorbent polymers Market size, share, growth, industry trends, and forecast 2030, covering various industry elements and growth trends helpful for predicting the market’s future. The global super absorbent polymers market size was valued at US$ 9.68 billion in 2020. The global superabsorbent polymers market is projected to reach US$ 19.94 billion by 2030, registering a compound annual growth rate (CAGR) of 7.5% during the forecast period from 2021 to 2030.
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Super Absorbent Polymers Market Growth Factors:
Increasing consumer base and growing hygiene awareness are major factors fuelling growth of the super absorbent polymers market. The key application of super absorbent polymers includes personal hygiene products. Growing hygiene awareness among the population worldwide is supporting growth of the target industry. Acceptance of super-absorbent polymer-based items, particularly disposable diapers and sanitary napkins, has slowly spread throughout the globe.
Additionally, Growing population across the globe is further expected to support growth of the target market over the forecast period. For instance, according to data published by United Nations, Department of Economic and Social Affairs, global population in the year 2018 was 7,631,091,040 and is reached to around 7,794,798,739 currently (in 2020). Further, rising disposable income, growing awareness about personal hygiene, and rising government initiative to spread awareness about the baby hygiene and women hygiene are some other factors expected to support growth of the global market in the near future.
Nevertheless, leading players in the global industry are focusing on offering best and maximum durability products which are creating potential opportunities in the target industry. Also, the merging applications of the super absorbent polymers can have positive impact on the production and revenue growth of the key operating industries over the forecast period 2021-2030. Growing focus on production capacity expansion by key players operating in the target market is another major factor driving growth of the global market.
Key industry players in the super-absorbent polymers market are focused on increasing their super-absorbent polymer manufacturing capabilities to exploit the rising demand for super-absorbent polymer-based products across the globe. Manufacturers are now focused on expanding their presence in developing regions across the globe. In addition, rising competition between key players is also a major factor, which means that producers are spending aggressively to retain their market share. For instance, in 2019, LG Chemicals Ltd. has enhanced production capacity of super absorbent polymers and acrylic acid.
Super Absorbent Polymers Market Report Scope
| Report Highlights | Details |
| Market Size | USD 19.94 Billion by 2030 |
| Growth Rate | CAGR of 7.5% From 2021 to 2030 |
| Base Year | 2020 |
| Historic Data | 2017 to 2020 |
| Forecast Period | 2021 to 2030 |
| Segments Covered | Grade, Manufacturing Process, Application, Type |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA) |
The global super absorbent polymers market report offers various segments analysis by size, trends, growth factors, opportunities and key country outlook to 2027. The report offers a detailed analysis and information as per super absorbent polymers, market segments helping our readers to get a comprehensive overview of the global market. Several players are planning to focus on developing cost-effective products or services, aiming to maintain a strong foothold in the market.
The company profiling of leading market players is included this report with Porter’s five forces analysis and Value Chain analysis. Further, the strategies exercised by the companies for expansion of business through mergers, acquisitions, and other business development measures are discussed in the report. The financial parameters which are assessed include the sales, profits and the overall revenue generated by the key players of Market.
super absorbent polymers Market Report Highlights
- On the basis of type, sodium polyacrylate super absorbent polymers segment is expected hold largest revenue share in the forecast period of time 2021-2030. This growth is mainly attributed to increasing adoption in the commercial industries such as agriculture, construction, personal hygiene, and packaging.
- On the basis of grade, hygiene grade segment accounted for the largest revenue with weighty share in 2020. This is growth is due to growing adoption of SAP in the manufacturing of baby diapers, female as well as adult’s hygiene products worldwide Industrial grade is expected to grow more than 7% CAGR during the forecast time-frame.
- Satellite Science & Technology Co. Ltd. a foremost player in the global industry estimated for the remarkable share of the global market. The growth is accredited to various commercial strategies adopted by the company.
Read Also@ Ethanol Market Size to Hit Around US$ 155.6 Billion by 2030
Some of the prominent players in the super absorbent polymers market include:
- Satellite Science & Technology Co. Ltd.
- Kao Corporation
- Formosa Plastics Corp
- Sdp Global Co., Ltd.
- LG Chem Ltd.
- SUMITOMO CORPORATION
- Evonik Industries AG
- BASF
- NIPPON SHOKUBAI CO., LTD.
- Others
Super Absorbent Polymers market Segmentation
By Type
- Sodium Polyacrylate
- Polyacrylate/Polyacrylamide Copolymer
- Ethylene Maleic Anhydride Copolymer
- Polysaccharides
- Others
By Grade
- Agricultural Grade
- Industrial Grade
- Hygiene Grade
By Manufacturing Process
- Suspension Polymerization
- Solution Polymerization
- Gel Polymerization
By Application
- Personal Hygiene
- Agriculture
- Medical
- Industrial
- Packaging
- Construction
- Oil & Gas
Regional Segmentation
- Asia-Pacific [China, Southeast Asia, India, Japan, Korea, Western Asia]
- Europe [Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
- North America [United States, Canada, Mexico]
- South America [Brazil, Argentina, Columbia, Chile, Peru]
- Middle East & Africa [GCC, North Africa, South Africa]
Key Questions are
- What are the key factors influencing the super absorbent polymers market in each region?
- How much value will the global market generate by the end of the forecast period?
- What will be the CAGR of the global market between 2021 and 2030?
- What would be the Y-o-Y growth trend of the global market between 2021 and 2030?
- What is the future scope and current trends in technologies of the global market?
- What is the revenue of the global market based on segments?
- Which key strategies are used by top players of the global market?
- Which are the leading companies in the global market?
- What are the essential strategies by key stakeholders in the market to expand their geographic presence?
- What are the major advancements witnessed in the global market?
Research Objectives and Research Approach
The comprehensive report on the global super absorbent polymers market begins with an overview, followed by the scope and objectives of the study. The report provides detailed explanation of the objectives behind this study and key vendors and distributors operating in the market and regulatory scenario for approval of products. Following this, the report provides detailed explanation of objectives of this study and laid down by accredited agencies in the purview of research in the global super absorbent polymers market.
It is followed by market introduction, market dynamics, and an overview of the global market, which includes analysis of market drivers, restraints, and trends pertaining to the global market. Furthermore, Y-o-Y growth analysis with elaborated insights has been provided in order to understand the Y-o-Y growth trend of the global market.
For reading comprehensibility, the report has been compiled in a chapter-wise layout, with each section divided into smaller sections. The report comprises an exhaustive collection of graphs and tables that are appropriately interspersed. Pictorial representation of actual and projected values of key segments is visually appealing to readers. This also allows comparison of the market shares of key segments in the past and at the end of the forecast period.
The report analyzes the global super absorbent polymers market in terms of type, application, region and others. Key segments under each criteria are studied at length, and the market share for each of these at the end of 2027 has also been provided. Such valuable insights enable market stakeholders in making informed business decisions for investment in the global market.
Why should you invest in this report?
If you are aiming to enter the global super absorbent polymers market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for super absorbent polymers are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2030 so that you can plan your strategies to enter this market accordingly.
Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.
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