Super Absorbent Polymer Market growth is driven by surge in popularity of diaper pants and rise in consumer awareness toward infant’s hygiene. However, volatility in raw material prices hampers the market. On the contrary, developing economies and high birth rate countries are expected to create lucrative opportunities for the market players in the coming years.
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As per report, By region, the global super absorbent polymer market across Asia-Pacific, followed by North America, held the largest share in 2019, accounting for around two-fifths of the market. The region is expected to register the highest CAGR of 6.9% during the forecast period, due to rising healthcare sector and growing population in the region. The report analyses the other regions such as North America, Europe, and LAMEA.
By production method, the solution polymerization segment is expected to register the highest CAGR of 7.1% through 2027, due to high efficiency and lower capital cost. In addition, solution polymerization production method uses its own energy to carry out the process, which reduces the capital expenditure. However, the gel polymerization segment held the largest share in 2019, contributing to more than four-fifths of the global super absorbent polymer market, as the method is widely used to manufacture super absorbent polymers with great absorbency under pressure.
Allied Market Research recently published a report, “Super Absorbent Polymer Market by Type (Synthetic and Natural), Application (Personal Care, Healthcare, Agriculture & Horticulture, and Others), and Production Method (Suspension Polymerization, Solution Polymerization, and Gel Polymerization): Global Opportunity Analysis and Industry Forecast, 2020-2027”. According to the report, the global super absorbent polymer industry generated $7.6 billion in 2019, and is projected to reach $10.8 billion by 2027, growing at a CAGR of 6.4% from 2020 to 2027.
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Major Market Players
- BASF SE
- Evonik Industries AG
- Kao Corporation
- LG Chem
- Sanyo Chemical Industries, LTD
- Sumitomo Seika Chemicals Co., LTD
- Nippon Shokubai Co., Ltd.
- Xitao Polymer Co., Ltd
- Yixing Danson Technology
- Zhejiang Satellite Petrochemical Co., Ltd
Smiler Reports
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