Superabsorbent Polymers Market Research Report - Forecast to 2030

Superabsorbent Polymers Market Global Information: by Type (Sodium polyacrylate, Polyacrylamide copolymer, and others), Application (Health Care & Personal Care, Agriculture, Industry, Mining &Petroleum and Others) and Region Forecast to 2030

ID: MRFR/CnM/1424-HCR | February 2023 | Region: Global | 135 Pages         

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Superabsorbent Polymers Market

Super Absorbent Polymer Market is projected to be worth USD 19.35 Billion by 2030, registering a CAGR of 10.75% during the forecast period (2022 - 2030)

Segmentation
By Type Sodium polyacrylate Polyacrylamide copolymer Others
By Application Health Care & Personal Care Agriculture Industry Mining & Petroleum Others
Key Players
Companies Profiled   Formosa Plastics Corporation   KAO Corporation   LG Chem Ltd.   SDP Global Co. Ltd.   Sumitomo Seika Chemicals Co. Ltd.
Drivers
Market Driving Forces   Its growing acceptance in various industries apart from health care and personal care.
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Super Absorbent Polymers Market overview


It is expected that the Super Absorbent Polymer Market will gain USD 19.35 billion by the end of 2030 with a CAGR of 10.75% from 2022 to 2030 in the forecast period. This is a material which has a high capacity to absorb liquid. This is called a cross-linked structure polymer, and it can avoid dissolution. It can absorb liquid up to a hundred times its weight, which is why it is used in the products that require water, such as sanitary pads, baby diapers etc. The super absorbent polymer market share will increase in the forecast period owing to the high demand of the market.


COVID-19 Analysis


The novel coronavirus's impact is severe and has affected various industries and stopped the revenue. It affected the supply and the manufacturing segments of the market, impacting the market growth. The pandemic affected the chemical industries highly by impacting raw materials procurement. The demand and supply disruption and gap and the fluctuation in price are some of the major problems faced by the super absorbent polymer market.


Chief Factors Existing In The Market


Key Market Driver


Several drivers driving the super absorbent polymer market growth in the forecast period will have a growing impact on the market. The factors contributing to the rise of the market are the growing population in the regions like China and India and the increase in the diaper pants market, which affects the value of the market. The growing awareness among people regarding infant hygiene is another factor which will boost the market in the forecast period. The rise in superabsorbent polymers in the agricultural sector is also propelling the market in the forecast period. The increasing number of aged people in several regions also increases the number of adult diapers, which will have a glowing effect on the market.


Market Challenges


Various challenges such as the rise in the cost and the impact of COVID affected the rise of the market, and the revenue also decreased, creating challenges for the market to gain growth in the coming years. It is expected that the super absorbent polymer market will outstand every issue and will gather required growth in the coming years.


Market Opportunities


The rising use of baby diapers, sanitary napkins, and adult pads within each market region will create ample growth opportunities for the super absorbent polymer market revenue. The increasing per capita income will propel super absorbent polymer market by creating new growth opportunities for the market players. The rising awareness of hygiene among people in developing countries is anticipated to create and open new, growing doors for the market.


Market Restraints


However, with all the driving factors, some of the restraining factors of the super absorbent polymer market will hold the high rise of the market situation. The volatility in the prices of raw materials and the continuous fluctuation of raw materials will hamper the market in the forecast period. The non-biodegradable character of the synthetic super absorbent polymer is expected to hold the market growth. Hence, the market will decline in terms of revenue and growth in the coming years.


Cumulative Evaluation Of The Market


The cumulative evaluation of the market shows the improvising effect of the super absorbent polymer market in the coming years. It shows how the market will grow and acquire the required focus in the forecast period. The cumulative evaluation of the super absorbent polymer market analysis shows that it will acquire substantial growth in the coming years. The impact of COVID 19 is mentioned in the evaluation to provide the pre and post covid situation information. The segments such as drivers and restraints will impact the market value in the forecast period. It is expected that the super absorbent polymer market and the vendors will overcome all the obstacles and get into the growing effect in the forecast period.


Market Segmentation


The super absorbent polymer market is fragmented into various segments. All segments are rising in the market demand in the forecast period.


By Type


Based on the Type, the market is divided into Sodium polyacrylate, Polyacrylamide copolymer, and others. Sodium polyacrylate is expected to have the highest market share. It will dominate the super absorbent polymer market in the forecast period as the making in the super absorbent segment is accepted by a higher number of people improving the market segment in the forecast period.


By application


The application of the super absorbent polymer market trend is subdivided into Personal Care, Healthcare, Agriculture & Horticulture, and Others. The health care segment will be the highest growth and is also expected to dominate the segment in the forecast period. The growth is attributed to the high rise in population and innovative machines used in the hospitals in the Asia Pacific region. The demand for the super absorbent polymer market is spreading to each part of the world.


By production method


The sub-segments of the production method are segregated into Suspension Polymerization, Solution Polymerization, and Gel Polymerization. Among all these, polymerization will be the highest holding CAGR and will also gain growth in the forecast period. The growth is attributed to the high efficiency and low cost of the capita and other reasons for this segment.


Regional Analysis


The super absorbent polymer market is analyzed in some of the prominent parts of the world. However, the market is fragmented at the worldwide level. The main regions where super absorbent polymer market forecast is analyzed are north America, Asia Pacific, Europe and the rest of the world. Asia Pacific is expected to hold the highest CAGR of the market due to the rising market demand in the region. The growth is also attributed to the fastest growth in the healthcare sector due to the rising demand for diapers. The region is the most growing population, where the market is studied. It is expected that the rise of the diapers may increase in southern Asia and other regions as the population of those places considerably increases compared to others. In the coming ten years, the super absorbent polymer market will gather the required growth. All these factors will drive the market in the region. Other major regions also showcase significant growth and will experience high market value.


Competitive Intensity Within The Industry


The competitive intensity within the industry is about the development and the impact of chief industrial players on the super absorbent polymer market. The information about the players and the way they impact the market variation is mentioned in this report. The details of the super absorbent polymer market's competitive intensity include company review, growth consistency, potential revenue, effective strategies, collaboration and merges of the company and the industry with the likewise industries to improve the visual and the consumer base of the market in the forecast period. It is anticipated that the merges to drive the Content Intelligence Market. the various prominent market vendors who are adding value to the market and upgrading it are mentioned below



  • BASF SE

  • Nippon Shokubai Co. Ltd.

  • Evonik Industries AG

  • SDP Global Co. Ltd.

  • Formosa Plastics Corporation

  • KAO Corporation

  • LG Chem Ltd.

  • SDP Global Co. Ltd.

  • Sumitomo Seika Chemicals Co. Ltd.

  • Songwon Industrial Co. Ltd.

  • Yixing Danson Technology


Recent Market Developments



  • The Ultrapure and high-performance LiFSI electrolyte salts that is a key component of car battery cells, will speed up the development of new electrolyte.

  • For the superabsorbent polymer, the Nippon Shokubai Co., Ltd. is working to achieve carbon neutrality by 2050, which was announced recently.


Report Overview


The super absorbent polymer market will hold significant growth in the forecast period owing to the growth that has been showing recently. The market consists of several factors that will improve the market in the forecast period. In the coming years, the market will gain the required amount of growth as the demand for the market will increase, and it will rise to a certain height. The COVID impact is mentioned in the Super Absorbent Polymer Market report. Based on the super absorbent polymer market, the market will have required growth with tremendous market value. The market consists of chief factors such as drivers and opportunities that will help the market grow and hold the required amount of growth, which would impact the market's overall revenue. The report also consists of restraints and the challenges that the market has to overcome to achieve the successful registration of growth. Several market players of different regions are impacting the market and driving the market to gather growth, which will have a glowing effect on the market. The competition among them will boost the market growth. The factors are expected to increase the super absorbent polymer market size in the coming years with innovative strategies.


Key Industrial Segments


by Type



  • Sodium polyacrylate

  • Polyacrylamide copolymer

  • Others


 Application



  • Health Care & Personal Care

  • Agriculture

  • Industry

  • Mining &Petroleum

  • Others


Region



  • North America

  • Asia pacific

  • Europe

  • Rest part of the world



Report Scope:

Report Attribute/Metric Details
  Market Size   2030: USD 19.35 Billion
  CAGR   10.75% (2022–2030)
  Base Year   2021
  Forecast Period   2022 to 2030
  Historical Data   2019 & 2020
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   By Type, Application and Region
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   BASF SE, Nippon Shokubai Co. Ltd., Evonik Industries AG, SDP Global Co. Ltd., Formosa Plastics Corporation, KAO Corporation, LG Chem Ltd., SDP Global Co. Ltd., Sumitomo Seika Chemicals Co. Ltd., Songwon Industrial Co. Ltd. and Yixing Danson Technology
  Key Market Opportunities   Capacity to withhold quantities of liquid than its actual mass
  Key Market Drivers   Its growing acceptance in various industries apart from health care and personal care.


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Frequently Asked Questions (FAQ) :

Super absorbent polymer market will gain USD 19.35 billion by the end of 2030

It finds extensive applications in mining and petroleum, agriculture, healthcare and personal care, and others.

Rising population and increasing use in various end use industries are boosting market growth.

Top players profiled in the superabsorbent polymers market include Songwon Industrial Co., Ltd. (South Korea), Sumitomo Seika Chemicals Co., Ltd. (Japan), 3M Company (U.S.), SDP Global Co., Ltd. (Japan), LG Chem Ltd. (South Korea), Formosa Plastics Corporation (Taiwan), Kao Corporation (Japan), NIPPON SHOKUBAI CO., LTD. (Japan), Evonik Industries AG (Germany), and BASF SE (Germany).

Different strategies adopted by industry players to maintain dominance in the superabsorbent polymers market include mergers and acquisitions, collaborations, and partnerships.

The APAC region is expected to spearhead the superabsorbent polymers market.