The global revenue from the super absorbent polymer market is expected to reach $9.03 billion by the end of 2034, up from $6.4 billion in 2024. The market is expected to grow at a CAGR of 3.5% from 2024 to 2034.
Sales of super absorbent polymers (SAPs) are being driven by rising demand for personal hygiene products, agricultural improvements, and the adoption of sustainable practices across a variety of industries. With an ever-increasing global population and ageing demographics, the market for these products has risen, fuelling the demand for SAPs, which are critical components in many applications because to their outstanding absorbency and moisture-locking properties.
Superabsorbent polymers (SAPs) are sophisticated hydrogels with extraordinary water-absorbing properties, absorbing and holding significant amounts of water compared to their weight. SAPs outperform alternatives in a variety of applications, including hygiene items such as nappies, where they deliver superior moisture absorption, resulting in a drier and more comfortable experience. In agriculture, these polymers improve soil water retention, lowering the need for regular irrigation and encouraging water conservation, which is especially useful in arid regions.
The growth of the superabsorbent polymers market is primarily driven by increasing demand for hygiene products, such as diapers and adult incontinence items, due to their superior water-absorbing capabilities. Additionally, the expanding application of superabsorbent polymers in agriculture contributes significantly to market growth.
However, the market has faced tough competition from materials seen as more sustainable or cost-effective for specific uses. This challenge arises as industries increasingly prioritize eco-friendly options, and cost plays a significant role in material choices. As environmental concerns grow, there's a rising demand for eco-friendly options. Creating polymers with less impact on the environment is a real challenge.
The rising demand for disposable diapers and adult incontinence products and the global expansion of the hygiene and personal care industry are a few major factors driving the market growth - Says FACTMR Expert
Market Competition
As environmental awareness grows, major players are likely to explore sustainability by producing bio-based or biodegradable polymers to answer concerns about traditional products' environmental impact. Top suppliers include M2 Polymer Technologies, NSB Polymers, Wanhua Chemical Group Co Ltd, Sumitomo Seika Chemicals Co Ltd, and Songwon.
· In March 2021, BASF announced a $30 million investment proposal to construct a super absorbent excellence centre in Antwerp, Belgium. This strategic investment is intended to strengthen the company's skills in the creation of superabsorbent goods.
Winning strategies
- Tailoring super absorbent polymer solutions specifically for manufacturers in the disposable diaper, adult incontinence, and feminine hygiene product industries is a great strategy in the super absorbent polymers industry.
- Market players should create special polymers for medical purposes, like wound care and surgical products. These polymers need to maintain high absorbency while meeting strict medical standards.
- Building strong partnerships with hygiene product manufacturers is a great strategy to use in the market. This involves forming long-term alliances, securing loyal customers, and collaborating on product development for mutual benefit.
Old Source: https://www.globenewswire.com/news-release/2023/11/21/2783768/0/en/Super-Absorbent-Polymers-Market-to-Attain-US-9-7-Billion-at-4-9-CAGR-by-2032-Fact-MR-Analysis.html
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