The Global Super Absorbent Polymers Market is estimated to be valued at US$ 10459.56 Mn in 2023 and is expected to exhibit a CAGR of 5.8% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Super absorbent polymers are hydrophilic polymers that can absorb and retain large amount of water. They are used to manufacture baby diapers, adult incontinence products and feminine hygiene products. The ability of super absorbent polymers to absorb moisture helps in maintaining dryness of baby’s skin.
Market key trends:
One of the key trends in the super absorbent polymers market is the development of biodegradable and environment friendly superabsorbent polymers. Conventional super absorbent polymers are non-biodegradable and pose environmental pollution. Researchers are developing new technologies to produce biodegradable super absorbent polymers from renewable resources like starch, cellulose and agro-waste. These novel superabsorbent polymers can degrade within few months of disposal and reduce pollution. Their adoption is expected to gain momentum in the coming years due to stringent regulations on plastic waste.
SWOT Analysis
Strength: Super absorbent polymers have high absorption capacity and can absorb over 500 times their own weight in liquid. They help keep disposable diapers dry for longer periods of time.
Weakness: Super absorbent polymers have a relatively high manufacturing cost. Raw materials used in their production such as acrylic acid are also expensive.
Opportunity: Rapid urbanization and rising disposable incomes in developing countries are increasing the demand for baby diapers and feminine hygiene products. This offers an opportunity for the super absorbent polymers market to grow.
Threats: Stringent environmental regulations around the world regarding the disposal of super absorbent polymers could hamper market growth. Developing alternative absorptive materials is also a threat.
Key Takeaways
The Global Super Absorbent Polymers Market is expected to witness high growth, exhibiting CAGR of 5.8% over the forecast period, due to increasing demand for advanced absorbent core materials from the baby diaper and feminine hygiene products industries.
Regional analysis
North America dominated the global super absorbent polymers market in 2023 and is expected to maintain its lead over the forecast period. Asia Pacific is expected to be the fastest growing region due to rising income levels and increasing adoption of sanitary protection products in countries such as China, India, and Indonesia.
Key players
Key players operating in the super absorbent polymers market are Nippon Shokubai Co. Ltd., Evonik Industries AG, BASF SE, Yixing Danson Technology, Kao Corporation, Sumitomo Seika Chemicals Co. Ltd., San-Dia Polymers Global Co. Ltd., Sanyo Chemicals Industries, Formosa Plastics Corporation, and LG Chemicals Ltd. These players are focusing on new product development and capacity expansion strategies to gain a competitive advantage in the market.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
