The super absorbent polymers market was worth USD 9.9 billion in 2020 while it is expected to reach USD 14 billion by 2030, reveals Market Research Future (MRFR). The worldwide market is bound to attain a CAGR of 6.20% between 2021-2030.
The World Bank Group asserts that the worldwide population between the age of 1 to 14 will be close to 5.08 billion by 2050. The super absorbent polymers industry’s growth will largely be driven by the personal hygiene application segment. In the personal hygiene industry, super absorbent polymers have use in adult incontinence products, sanitary napkins and baby diapers. These products are noting substantial demand as the global population continues to surge. Needless to say, subsequently the demand for super absorbent polymers will rise as well.
Furthermore, the expanding elderly population and the mounting awareness level about the convenience and benefits of adult incontinence products enhance the demand for super absorbent polymers. With surging cases of adult incontinence worldwide, governments are empathizing on producing incontinence products via collaborative efforts of developers and medical professionals. Countries like the UK, the US, Australia and Germany implement initiatives that encourage the use of adult incontinence products, which have high content of super absorbent polymers.
Diaper Market is Extremely Mature in Developed Countries
The diapers market is extremely mature in most of the developed countries owing to the significant rate of product penetration. The demand for diapers in the US as well as Japan has gone down due to the drop-in birth rates as well as low fertility rates. This has brought a significant decline in diaper sales across these countries. Therefore, the slowdown of sales of diapers could mean lower demand for super absorbent polymers in the future.
Emergence of Bio-Based Super Absorbent Polymers
In the present scenario, traditional super-absorbent polymers are generally non-biodegradable and are responsible for substantial share of landfills worldwide. As a result, investments for the development of super absorbent polymers based on renewable materials are expected to create new avenues for the global market. Super absorbent polymers that are made of renewable materials are perfect substitute for petrochemical-based polymers, including potassium polyacrylate, and sodium polyacrylate which are presently deployed in the absorbent core of several disposable diapers, and various other personal hygiene products.
Global Super Absorbent Polymer Market Share by End Use Industry (2016), (%)
Source: MRFR Analysis
Some of the prominent players operating in the Super Absorbent Polymer Market are NIPPON SHOKUBAI CO., LTD (Japan), SUMITOMO SEIKA CHEMICALS CO.,LTD. (Japan), Yixing Danson Technology (China), BASF SE (Germany), Formosa Plastics Corporation (Taiwan), Kao Corporation (Japan), Evonik Industries AG (Germany), LG Chem (South Korea), SONGWON (South Korea), Sanyo Chemical Industries, Ltd. (Japan) among others.
The Global Super Absorbent Polymer Market is categorized into five regions, Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa. The Asia Pacific region is expected to grow with the highest CAGR during the assessment period, (2016 to 2023) owing to expansion of numerous end use industries such as building & construction and agriculture among others. The demand for super absorbent polymer is expected to surge in the various countries of Asia Pacific such as China, India, Japan, Thailand, South Korea, and Malaysia on account of approval of large scale residential, commercial, as well as industrial construction projects. Moreover, rising number of working professionals along with increasing disposable income in emerging nations is predicted to drive the Super Absorbent Polymer Market Growth. Furthermore, ease of availability of raw material, inexpensive labor & land cost, and rising development strategies to fulfil the demand for super absorbent in the rising applications are the important factors for the regional market growth.
Europe emerged as the largest Super Absorbent Polymer Market followed by North America and Asia Pacific. North America is predicted to witness a significant growth in Super Absorbent Polymer Market due to rising awareness regarding the personal hygiene along with increasing consumption of personal care products. Countries of North America such as the U.S. and Canada are among the major contributors in the regional market growth and are expected to see a significant regional market growth due to continuous expansion of personal care sector. While in Europe, countries such as Russia, France, Italy, Germany, Spain, Poland, and U.K have emerged as prominent consumer markets due to developed end use industries and huge investment on R&D and innovation. Moreover, rising demand for packaged food among the working population is estimated to drive the market growth. Latin American countries such as Mexico, Brazil, and Colombia are also estimated to witness steady growth with the involvement of new business models. The Middle East & Africa is predicted to witness a significant growth during the review period. Heavy investment in residential as well as commercial construction sector in Qatar, Kuwait, Oman, Saudi Arabia and the United Arab Emirates (UAE) is estimated to positively influence industry growth during the assessment period. Additionally, tremendous growth in healthcare sector is observed in past few years, which in turn, offers a growth opportunities for these polymers in various countries of the Middle East & Africa.
The Global Super Absorbent Polymer Market is categorized on the basis of type, end use, and regions. On the basis of type, the market is segmented into polyacrylamide copolymer, sodium polyacrylate, and others. On the basis of end use, the market is classified into personal care, building & construction, agriculture, food packaging, and others. Other end use includes entertainment, healthcare, and electrical. On the basis of regions, the market is classified into Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa.
The report covers brief analysis of geographical regions such as North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa.Recent Development
Bharat Petroleum Corporation Ltd (BPCL) has established a new superabsorbent polymer technology demonstration unit of around 200 tonnes per year at the Kochi Refinery. With the use of the in-house acrylic acid as feedstock, the company’s super absorbent polymer technology has use in several hygiene products including diapers and several incontinence products. BASF will increase innovation capabilities for its superabsorbent polymer business by building a state-of-the-art Superabsorbents Excellence Center at its Verbund site in Antwerp, Belgium.
|Market Size||USD 14 billion 2030|
|Forecast Period||2021 to 2030|
|Historical Data||2019 & 2020|
|Forecast Units||Value (USD Billion)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||By Type, By End Use and By Region|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||NIPPON SHOKUBAI CO., LTD (Japan), SUMITOMO SEIKA CHEMICALS CO.,LTD. (Japan), Yixing Danson Technology (China), BASF SE (Germany), Formosa Plastics Corporation (Taiwan), Kao Corporation (Japan), Evonik Industries AG (Germany), LG Chem (South Korea), SONGWON (South Korea), Sanyo Chemical Industries, Ltd. (Japan)|
|Key Market Opportunities||
|Key Market Drivers||Increasing use in agricultural activities coupled with rising demand for high quality crop production is expected to drive the growth|
Super absorbent polymers are materials that can retain and absorb huge volumes of liquid or water. Polyacrylamide copolymer and sodium polyacrylate are the two main types of super absorbent polymers.
Personal care, agriculture, building & construction, and food packaging are the major end-use industries of super absorbent polymers.
Wide application scope of these materials in numerous end use industries.
Asia Pacific holds the largest share in the global super absorbent polymer market, followed by Europe and North America, respectively.
SUMITOMO Seika Chemicals Co., Ltd. (Japan), NIPPON Shokubai Co., Ltd. (Japan), Yixing Danson Technology (China), Formosa Plastics Corporation (Taiwan), BASF SE (Germany), Kao Corporation (Japan), LG Chem (South Korea), Evonik Industries AG (Germany), SONGWON (South Korea), and Sanyo Chemical Industries, Ltd. (Japan) are some of the major players operating in the super absorbent polymer market.