Super Absorbent Polymers Market Growth Analysis | 2023-2028

Market Insights

The super absorbent polymers market was estimated at USD 10.38 billion in 2022 and is likely to grow at a CAGR of 5.82% during 2023-2028 to reach USD 14.61 billion in 2028.

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What are super absorbent polymers?

Super absorbent polymers (SAPs) are a type of polymer material that has the ability to absorb and retain large amounts of liquid relative to their own weight. It is a cross-linked polymer, that contains sodium atoms.

These polymers are widely used in a variety of applications including personal hygiene products, agriculture, medical applications, construction materials, and more. SAPs, after reaching their capacity of absorption, swell and become a gel-like substance that can hold liquid without leaking or losing shape.

COVID-19 IMPACT

The super absorbent polymers market was negatively impacted by the pandemic in the year 2020 owing to the lockdowns and decline in manufacturing efficiency due to labor shortage. However, there was an increased demand for medical and hygienic products like wipes and diapers which are made using super absorbent polymers. These products experienced an increase in demand during the Covid period.

Market Dynamics

The super absorbent polymers market is driven by several factors including–

• Rising awareness of personal hygiene and eco-friendly products– The rise in demand for disposable diapers, feminine hygiene products, adult incontinence products, etc. is one of the major factors behind the growth of the super absorbent polymers market. For instance, BASF SE– a leading chemical company has increased the application of super-absorbents like Hysorb and SAVIVA in incontinence products and baby diapers.
• Growing need for advanced agricultural products– Super absorbent polymers in agriculture are used to improve water retention in soil, unforeseen drought conditions, salination, overuse of synthetic fertilizers, improve crop yield, etc.
• Food packaging– The use of super absorbent polymers in food product packaging is rapidly growing, since these materials can absorb and retain excess moisture, improving the shelf life of the products.

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Segment Analysis

By Product Type

Based on the product type, the market is segmented as sodium polyacrylate, polyacrylate/polyacrylamide, and copolymers. The sodium polyacrylate segment held the largest share of the market in 2022 and is expected to remain dominant during the forecast period. Sodium polyacrylate is widely preferred for personal hygiene products and water absorbent applications as it is a super absorber of water.

By Application Type

Based on the application type, the market is segmented as personal hygiene, agriculture, medical, industrial, packaging, construction, and oil & gas. The personal hygiene segment is the largest segment, as it is widely used in sanitary napkins, baby diapers, and protective underwear.

Regional Insights

In terms of regions, Asia-Pacific is estimated to be the largest and fastest-growing market during the forecast period. India and China are the major countries with lucrative growth opportunities, owing to the growing population and awareness of personal hygiene in the region.

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Market Segmentation

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The market is segmented into the following categories.

By Product Type

• Sodium Polyacrylate
• Polyacrylate/Polyacrylamide
• Copolymers

By End-Use Industry Type

• Personal Hygiene
• Agriculture
• Medical
• Industrial
• Construction
• Packaging
• Oil & Gas

By Region

• North America (Country Analysis: the USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and the Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and the Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

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Key Players

Some of the major manufacturers are-

• Nippon Shokubai
• BASF SA
• Evonik Industries
• Sumitomo Corporation
• LG Chem Ltd.
• SDP Global Co., Ltd.
• Formosa Plastics
• Yixing Danson
• Satellite Science & Technology Co., Ltd.
• Kao Corporation.

Research Methodology

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.

More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.

We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

What Deliverables Will You Get in this Report?

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation of any one of the product types by end-use industry type.

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.