Super Absorbent Polymers Market Size to Reach USD 16.53 Billion in 2027, CAGR of 7.5%

Vancouver, British Columbia--(Newsfile Corp. - April 27, 2021) - The global super absorbent polymers market size was USD 9.58 Billion in 2019 and is expected to reach USD 16.53 Billion in 2027 at a CAGR of 7.5%, according to the latest report by Emergen Research. Global market revenue growth is primarily driven by factors such as rising demand from manufacturers of adult and baby diapers in developing economies and growing demand for female hygiene products, driven by rising awareness regarding hygiene and wellness. A rapidly increasing geriatric population globally, coupled with rising birth rate is driving demand for adult and baby diapers. Demand for urinary incontinence products among the geriatric population has been increasing significantly in the recent past and the trend is expected to continue over the forecast period.

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Demand for SAP in agricultural applications has also been registering a rapid incline due to increasing focus on sustainable farming practices and need to prevent wastage of water. Increasing government initiatives to encourage more advanced farming practices, including increasing deployment of SAP in various related applications is expected to drive market growth to a significant extent going ahead. SAP has been playing a vital role in the agricultural products and have been gaining traction due to frequency of drought-like conditions in regions facing water scarcity or low rainfall and changing weather patterns.

Rapid trend of urbanization, coupled with increasing disposable income of consumer in emerging economies is also supporting market growth. Rising investments in research and development of bio-based SAP is further expected to support growth of the market over the forecast period. However, factors such as a level of uncertainty regarding potential negative effects on health upon exposure to super absorbent polymers could hamper growth of the market to some extent going ahead. Furthermore, reluctance among some farmers to shift towards more modern and advanced farming techniques is expected to hamper market growth. High cost of raw materials is another factor that is expected to play a role in high cost of end products.

Regional Insights:

Asia Pacific dominated other regional markets in the global super absorbent polymers market in 2019 with a revenue share of 48.4%. In addition, revenue from the Asia Pacific is expected to register fastest CAGR over the forecast period. Some key factors driving market revenue growth include rising industrialization trend, increasing population in countries in the region, and increasing disposable income. Europe is expected to register significant revenue growth over the forecast period due to rising demand for super absorbent polymers from manufacturers of baby diapers owing to superior water retention and absorption properties.

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Major Companies and Recent Developments

The super absorbent polymers market is moderately fragmented with a number of small and medium-sized manufacturers accounting for major global revenue. Major manufacturers are well-equipped with manufacturing facilities and engaged in research & development activities. Some prominent players in the global super absorbent polymers market include:

• Evonik Industries AG
• BASF SE
• LG Chemicals Ltd.
• Nippon Shokubai Co., Ltd.
• Sumitomo Seika Chemicals Company, Ltd.
• Formosa plastics Group
• SDP Global Co., Ltd.
• Satellite Science and Technology Co., Ltd.
• Yixing Danson Technology
• Kao Corporation

In October 2018, Nippon Shokubai expanded its SAP production capacity at its manufacturing facility in the Netherlands with the aim to cater to growing demand for super absorbent polymers.

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Segments Covered in the report

This report forecasts revenue growth at a global, regional & country level, and provides analysis of the market trends, drivers, opportunities, and current and future scenarios from 2018 to 2028. The scope of the report can be defined as:

Emergen Research has segmented the global super absorbent polymers market on the basis of type, application, and region:

Type Outlook (Volume: Kilo Tons) (Revenue, USD Billion; 2017-2027)

• Polyacrylamide Copolymer/Polyacrylate
• Sodium Polyacrylate
• Polysaccharides
• Ethylene Maleic Anhydride Copolymer
• Others

Application Outlook (Volume: Kilo Tons) (Revenue, USD Billion; 2017-2027)

• Agriculture
• Personal Hygiene (Sanitary napkins, Adult urinary incontinence products, Baby Diapers)
• Industrial
• Medical (Wound Dressing)
• Others

Regional Outlook (Revenue, USD Billion; 2017-2027)

• North America
  1. U.S.
  2. Canada
• Europe
  1. Germany
  2. UK
  3. France
  4. BENELUX
  5. Rest of Europe
• Asia Pacific
  1. China
  2. Japan
  3. South Korea
  4. Rest of APAC
• Latin America
  1. Brazil
  2. Rest of LATAM
• MEA
  1. Saudi Arabia
  2. UAE
  3. Rest of MEA

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