The global superabsorbent polymers market size was valued at USD 10.29 billion in 2022. The market is projected to grow from USD 11.03 billion in 2023 to USD 18.16 billion by 2030, exhibiting a CAGR of 7.4% during the forecast period.
Superabsorbent Polymers (SAPs) are advanced polymeric networks composed of a variety of monomeric units such as sodium polyacrylate, polyacrylamide, and other specialized constituents. These innovative materials are poised to experience substantial market expansion due to the increasing consumer demand for personal care essentials, including baby diapers, adult incontinence products, and feminine hygiene items. Fortune Business Insights presents this information in their report titled "Global Superabsorbent Polymers Market, 2023–2030."
By application, the market is segmented into personal hygiene, medical, agriculture, and others. The personal hygiene segment is poised to emerge as the frontrunner in the market due to growing population and heightened health consciousness among individuals propelling the demand for a wide range of personal hygiene products. This includes baby diapers, feminine sanitary napkins, adult incontinence products, and similar items.
Report Coverage:
The report offers:
- Major growth drivers, restraining factors, opportunities, and potential challenges for the market.
- Comprehensive insights into regional developments.
- List of major industry players.
- Key strategies adopted by the market players.
- Latest industry developments include product launches, partnerships, mergers, and acquisitions.
Drivers and Restraints
The utilization of SAP in the manufacturing of baby diapers takes precedence among all hygiene products, primarily due to a significant rise in the pediatric population. Projections from the World Bank Group indicate that the population within the age group of 0 to 14 is expected to reach 2.08 billion by 2050. This substantial growth in population is anticipated to drive an increased demand for personal hygiene products, thereby fueling the market growth.
However, declining population growth in some countries due to low fertility rate may stifle the superabsorbent polymers market growth.
Regional Insights
Asia Pacific has emerged as the frontrunner, commanding the largest superabsorbent polymers market share. It is also projected to experience the highest CAGR due to the successful implementation of government programs focused on childcare and women's health in major economies such as China and India within the region.
North America exhibits a notable penetration of personal hygiene products within its population. Furthermore, the region's growing elderly population is expected to be a significant driver of market growth specifically for adult incontinence products in the foreseeable future.
Competitive Landscape
Market Players Invest in R&D to Focus on Prioritizing Sustainability
Major industry players are actively investing in research and development endeavors to produce products using bio-based raw materials, aiming to minimize their environmental impact. Additionally, these market players are collaborating to incorporate recycled materials into the manufacturing process, further promoting sustainability within the SAP market.
Major Players Profiled in the Report:
- Sumitomo Seika Chemicals (Japan)
- Nippon Shokubai (Japan)
- Sanyo Chemical/SDP Global (Japan)
- BASF (Germany)
- Evonik (Germany)
- LG Chem (South Korea)
- Taiwan Plastics (Taiwan)
- Yixing Danson (China)
- Satellite Science & Technology (China)
- Shenghong Holding Group (China)
- Quan Zhou Technology (China)
source-https://www.fortunebusinessinsights.com/superabsorbent-polymers-market-104602
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