Super Absorbent Polymer Market Size Is Projected To Reach USD 14.26 Billion By 2030, Growing At A CAGR Of 6.27%: Straits Research

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New York, United States, Aug. 02, 2022 (GLOBE NEWSWIRE) -- Acrylic acid is polymerized with sodium hydroxide to produce poly-acrylic acid, which is then used to create superabsorbent polymers . It is a substance with a high absorption capacity for liquids. Due to their unique cross-linked structure, superabsorbent polymers are water-swellable but not water-soluble. These polymers can absorb liquids up to one hundred times their own weight. Therefore, it is utilized in products such as diapers/nappies, incontinence items, and others, where high absorption properties are required.

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Global Population Growth is Driving the Market
The World Bank Group projects that by 2050, the global population aged 0 to 14 will reach 2,08 billion. On the market for super absorbent polymers, the  personal hygiene application holds the largest share. Super absorbent polymers are utilized in baby diapers, adult incontinence products, and sanitary napkins for the application of personal hygiene. Among these, the segment of  baby diapers that utilizes the most super absorbent polymers is the largest. In addition, the expanding use of super absorbent polymers in  agricultural applications is driving the market.

The Rising Demand for Adult and Baby Diapers Is Driving the Market
The increasing geriatric population and rising awareness of the benefits and convenience of adult incontinence products are driving the increased use of super absorbent polymers. As the prevalence of adult incontinence increases, governments in various nations are collaborating with manufacturers and medical professionals to prioritize the production of incontinence products. Countries including the United States, the United Kingdom, Germany, and Australia have government programs that encourage the use of adult incontinence products. Moreover, A huge elderly population in countries such as Japan, Italy, Finland, and Greece, among others, drives the market penetration of adult diapers in these nations, thereby accelerating market expansion.

Bio-Based Super Absorbent Polymers Will Bring in New Opportunities
In the current market environment, conventional super absorbent polymers are non-biodegradable and constitute a significant portion of global landfills. Consequently, investments in the development of super absorbent polymers derived from renewable materials are anticipated to open up new market opportunities on a global scale. Alternatives to the petrochemical-based polymers, such as  sodium polyacrylate and potassium polyacrylat e , which are currently used in the absorbent core of disposable diapers and other personal hygiene products, are superabsorbent polymers derived from renewable materials. For example, Ecovia Renewables Inc. (US) has awarded research grants in 2017 for the development of biopolymers for diapers.

Report Scope

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Regional Analysis
With more than 40 percent of the global demand, Asia-Pacific is the most promising market for Superabsorbent Polymers (SAP) materials , which will likely dominate the market in the foreseeable future. This dominance is due to the region's increasing demand for personal hygiene products and agricultural products. Greater than fifty percent of the demand for SAPs in this region can be attributed to China. Japan has the second-largest demand for SAPs in the region, with a market share of more than 20 percent. China is among the largest consumers of personal hygiene products worldwide. The demand for personal hygiene products in the country can be attributed to the high number of infants and the rise in disposable income, which leads to an increase in personal and hygiene care expenditures. In recent years, the use of diapers for infants in China has increased at a rapid rate. The country is responsible for more than one-tenth of the global infant population.
Due to the rapid increase in domestic and export demand for various agricultural products , China's agricultural activities are on the rise as well. China's demand for superabsorbent polymers will be boosted by the expansion of other industries, including food packaging and healthcare.
Nippon Shokubai, Sanyo, Mitsubishi Petrochemical Company, and Sumitomo Seika are some of the major players in the superabsorbent polymers market located in Japan. In Asia, Japan is one of the major suppliers of high-quality baby diapers and adult incontinence products. In the coming years, the demand for Superabsorbent Polymers is anticipated to increase at a faster rate in the region as a whole as a result of China and Japan's consistent economic growth. Asia-tremendous Pacific's economic expansion is a significant contributor to the expansion of the global super absorbent polymers (SAP) market .

Key Highlights

• The global Super Absorbent Polymer Market Size was valued at USD 8.25 billion in 2021. The market is projected to grow from USD 8.77 billion in 2022 to USD 14.26 billion by 2030, increasing at a CAGR of 6.27% during the forecast period 2022 to 2030
• Factors like the rising global population and increasing demand for adult and baby diapers are driving the market.
• The super absorbent polymer market can be segmented on the basis of type, application, competitors, and region.
• By 2030, the Asia Pacific is anticipated to have the largest market share, with North America emerging as the fastest-growing market.

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Competitors Analysis
The global superabsorbent polymers market is consolidated, with the top five players accounting for over 75% of the market. The leading companies are

• NIPPON SHOKUBAI CO. LTD,
• BASF SE,
• Evonik Industries AG,
• Sanyo Chemical Industries Ltd,
• SUMITOMO SEIKA CHEMICALS CO. LTD.

Segmentation
Based on the type

• Sodium Polyacrylate
• Polyacrylate/Polyacrylamide, Copolymers
• Others

Based on the applications

• Personal Hygiene
• Agriculture
• Medical
• Industrial
• Others

Based on the region

• APAC
• Europe
• North America
• Middle East & Africa
• South America

TABLE OF CONTENT

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Recent Developments

• In November 2020, Nippon Shokubai, LiveDo Corporation (Japan), and Total Care System (Japan) will have jointly developed a variety of technologies to promote systems that recycle disposable diapers, whose use continues to rise. These three businesses have recently developed new recycling technologies for super absorbent polymers found in used diapers. The technology can be applied to a vast array of super absorbent polymers that are distributed globally.
• BASF invested $30,1 million in a new hygiene business excellence center in March 2021 . By constructing a state-of-the-art Super absorbents Excellence Center at its Verbund site in Antwerp, Belgium, BASF will increase its super absorbent polymer business's capacity for innovation.
• Nippon Shokubai expanded its superabsorbent polymers production capacity at its Zwijndrecht, Netherlands, facility in October 2018 . This new plant has a capacity of 100,000 tonnes per year, allowing the company to meet the growing demand for SAP.

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Have a Look at the Related Research Report:
Personal Hygiene Market : Information by Product (Soaps, Hand Sanitizers), Gender (Male, Female), Distribution Channel (Retail Pharmacies, Supermarkets), and Region — Forecast till 2030 
Adult Hygiene Market : Information by Product Type (Feminine Hygiene), Usability (Disposable, Reusable), Distribution Channel (Hospital Pharmacies), and Region — Forecast till 2029
Oral Hygiene Market : Information by Product (Toothbrushes & Accessories, Denture Products), Distribution Channel (Consumer Stores, Retail Pharmacies) ), and Region — Forecast till 2029
Feminine Hygiene Products Market : Information by Usage Pattern (Disposable, Reusable), Type (Sanitary Pads, Tampons, Panty Liners), Distribution Channel (B2B), Region — Forecast till 2029
Sodium Dichromate Market : Information by Application (Pigments, Metal Finishing, Wood Preservatives, Leather Tanning), and Region — Forecast till 2029

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