Fior Markets launched a study titled “Global Superabsorbent Polymers Market by Product (Sodium acrylate, Polyacrylamide Copolymers, Others), Application, Regions”,and Global Forecast 2018-2025.
The global superabsorbent polymers market is expected to grow from USD 7.62 Billion in 2017 to USD 12.24 Billion by 2025, at a CAGR of 6.10% during the forecast period from 2018-2025. Global increase in birth rate as well as geriatric population is giving rise to increased demand for baby and adult diapers thus driving the demand for superabsorbent polymers.
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Sodium acrylate had a market value of USD 3.98 billion in 2017
Product is segmented into sodium acrylate, polyacrylamide copolymer, polyvinyl alcohol, polysaccharides and others. Because of its characteristic property for absorbing water 500 times of its mass, sodium acrylate is widely used in production of diapers and adult incontinence products. Thus sodium acrylate segment dominated the global superabsorbent polymers market with USD 3.98 billion revenuein 2017. Polyacrylamide copolymer segment is anticipated to grow at a CAGR of 8.35% over the forecast period.
Agriculture segment is projected to grow at a CAGR of 8.72% in 2018-2025
Application segment is divided into baby diapers, adult incontinence products, female hygiene products, agriculture and others. Baby diapers segment emerged as a market leaderin demand for superabsorbent polymers with USD 5.20 billion revenue in 2017.Increasing per capita disposable income and rising birth rate across the developing economies is driving this increase in demand. Increasing global focus on improving agricultural productivity as well as increasing adoption of hydroponics are factors responsible for driving the agriculture segment to grow at the highest CAGR of 8.72% over the forecast period.
Regional Segmentation Analysis:
The regions analyzed for the market include North America, Europe, South America, Asia Pacific, and Middle East and Africa. Europe dominated the global superabsorbent polymers market with USD 2.45 billion revenue in 2017. High geriatric population as well as heightened awareness regarding female hygiene and baby care were the driving forces behind this impressive market share. Asia Pacific region is expected to achieve the highest growth rate at a CAGR of 8.61% over the forecast period owing to high birth rate and increasing awareness regarding female hygiene products in the region.
Key players in the global superabsorbent polymers market are BASF SE, Nippon Shokubai Co. Ltd., Formosa Plastics Corporation, LG Chemical Ltd., Sumitomo Seika Chemicals Co. Ltd., SDP Global Co. Ltd., Songwon Industrial Co. Ltd., KAO Corporation, Evonik Industries AG, Yixing Danson, Archer Daniels Midland Company, Acuro Organics Ltd, Chemtex Specialty Ltd., Emerging Technologies Inc, Quanzhou Banglida Technology Industry Co. Ltd., Shandong Nuoer Bio-Tech Co. Ltd., Shanghai Huayi Acrylic Acid Co. Ltd., Sikko Industries, Tangshan Boya Resin Co. Ltd., Y&X Beijing International Trade Co. Ltd., Zhejiang Satellite Petro-Chemical Co. Ltd. among others.
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