One of the major factors driving growth in the global super absorbent polymer (SAP) market is people’s increasing awareness of health and personal hygiene. According to Future Market Insights (FMI), the market is predicted to grow at a CAGR of 4.8 percent between 2021 and 2031.
The chemical industry has had rapid expansion in recent years, and this trend is projected to continue in the foreseeable future. The SAP market is estimated to reach a value of US$ 9.18 billion in 2021, because to growing uses of super absorbent polymers in the medical and agricultural sectors.
Growth will be fueled by rising demand for highly absorbent polymers in the chemical sector between 2021 and 2031. The most important markets for super absorbent polymers are North America, Europe, and East Asia. East Asia is predicted to continue to be the most dominating region, accounting for over 28.5 percent of the market by 2031.
Super absorbent polymers, often known as hydrogels, are high-weight, loosely cross-linked polymer chains produced by the polymerization of acrylic acid and sodium acrylate/acrylamide. They are primarily employed in feminine sanitary goods and diapers due to their strong absorbing properties. Aside from that, they’re utilized in building, packaging, and agriculture to assist the soil retain moisture.
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Key Takeaways from Super Absorbent Polymers Market Study
- Super absorbent polymers sales will continue rising in the U.S., which is expected to account for over 80% of the North America market in 2021
- Sales in the U.K. is expected to increase by 3.7% in 2021, thanks to increase in use in disposable diapers, adult incontinence products, and other applications.
- Germany, France, and Russia will remain lucrative pockets for sales within Europe.
- China will account for maximum SAP sales in East Asia, while Japan and South Korea will exhibit gradual rise in demand.
- Application in disposable diapers is expected account for 76.1% SAP sales in 2021.
“Increasing awareness regarding healthcare & personal hygiene products is expected to spur to super absorbent polymer sales,” said a lead analyst at FMI.
Super Absorbent Polymers Market by Category
By Product Type
- Sodium Polyacrylate
- Polyacrylamide Copolymer
By Application Type
- Disposable diapers
- Adult Incontinence Products
- Feminine Hygiene Products
- Agriculture Products
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Super Absorbent Polymers Market: Participant Insights
Key manufacturers in the Super Absorbent Polymers market, like Nippon Shokubai Co., Ltd., BASF SE, Evonik Industries AG, Sanyo Chemicals Industries, Ltd., Yixing Danson Technology, LG Chemicals Ltd, Sumitomo Seika Chemicals Co. Ltd., Kao Corporation.
In order to gain competitive edge, they are focusing on strengthening their product portfolio and expanding their market footprint through acquisition of smaller companies in the market.
What Is The Impact Of The COVID-19 Crisis On The Market For Super Absorbent Polymers?
The enforced lockdowns in several countries had an influence on the worldwide market. Limited manufacturing and transportation-related delays due to travel restrictions caused problems to the market during the pandemic. The market suffered as a result of these issues.
As a result of the COVID-19 pandemic, the market for super absorbent polymers grew slowly due to the lockdown imposed by various countries, as well as lower industrial efficiency due to a workforce shortage.
On the other hand, the global growth of COVID-19 cases fueled demand for hygiene and medical goods and solutions. Diapers and wipes are frequently made with super absorbent polymers, and demand for both skyrocketed in hospitals during the pandemic.
About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favour the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.