Superabsorbent Polymers Market Report 2019-2026 | BASF, EVONIK Industries, Nippon Shokubai, Sumitomo
Superabsorbent Polymers Introduction
The process of converting a monomeric molecule together in a chemical reaction to form a polymer chain is referred to as polymerization. Superabsorbent polymers are three-dimensional network forms formed by chemical cross-linking or physical cross-linking of a large number of molecules consisting of certain repeating units. The superabsorbent polymer has capability to absorb a liquid. This absorbency and capacity of polymer depends on the degree of cross-linking.
Scope of Superabsorbent Polymers Market
This report studies the Superabsorbent Polymers market from the perspectives of enterprises, regions, product types and terminal industries, and forecasts the market through the analysis of the status quo. In this study, 2018 has been considered as the base year and 2019 to 2026 as the forecast period to estimate the market size for Superabsorbent Polymers.
The global Superabsorbent Polymers market size is valued at USD 7,974 million in 2019 and is projected to reach USD 12,246 million by 2026, witnessing a CAGR of 6.32% throughout the forecast period.
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Growth Factors
Booming personal care industry, especially in emerging economies, thanks to rising disposable income and growing consciousness towards personal hygiene, is projected to augment the global market for the superabsorbent polymer. Increasing birth rate and expanding the base of geriatrics are stirring up the demand for baby and adult diapers, which in turn is providing a fillip the market. Furthermore, the growing focus of end-use industries on product innovation is also estimated to help the market gain significant momentum over the coming years. However, the growth of the market may be hampered by fluctuation in availability and protean prices of raw materials.
Key participants
Key global participants in the Superabsorbent Polymers market include BASF, EVONIK Industries, Nippon Shokubai, Sumitomo, Sanyo Chemical, Yixing Danson Technology, LG Chemical, Formosa Plastics, Zhejiang Satellite Petro-Chemical, Shandong Nuoer Bio-Tech, and etc. The diverse product portfolio and strategically positioned R&D centers, continuous adoption of development strategies, and technological advancements are a few factors responsible for strengthening the market position of these companies in the market. These companies have been adopting a variety of organic and inorganic growth strategies such as expansion, mergers and acquisitions, partnerships, new product launches, and product development to enhance their current market share.
Geographical Perspective
From a geographical perspective, the global superabsorbent polymers market is spread across North America, Asia-Pacific, Europe, Latin America, and the Middle East & Africa. North America held the largest share of the market in 2018, accounting for close to 33.52% share. It was followed by Europe and Asia-Pacific, with a share of 26.35% and 24.85% respectively. Growth in North America region is strongly driven by the growing healthcare sector and rising hygiene concern among the consumers. Europe is also expected to witness moderate growth owing to the rising government initiatives to boost industrial development and usage of SAP in the agriculture sector.
The Asia Pacific is anticipated to register significant growth over the forecast period owing to high product demand from developing economies such as India and China. Baby diapers are experiencing an upswing in the demand on account of rising disposable income, growing population, and increasing awareness regarding baby health. Other countries such as Indonesia, Vietnam, and Singapore are also projected to exhibit an increase in demand for adult diapers and female hygiene products, thereby triggering the growth of the regional market. In addition, Latin America and Middle East & Africa are projected to grow at a steady rate due to rising birth-rate and increasing adoption of adult diapers in this region.
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Type Synopsis
On the basis of type, the market comprises of Starch-based SAP, Cellulose-based SAP, Acrylic Resin SAP, and Other.
Application Synopsis
On the basis of application, this market can be divided into Baby Diaper, Adult Incontinence Products, Feminine Hygiene, and Other. Baby diapers were the most prominent segment in 2017, accounting for just over three-quarters of the overall market revenue. The segment is expected to rise at a CAGR of 6.05% during the forecast period owing to growing population and increasing disposable income, particularly in developing regions such as the Middle East & Africa, Central & South America, and the Asia Pacific. Adult incontinence products are poised to witness noteworthy growth during the forecast period owing to the increasing geriatric population in regions such as North America and Europe. In addition, raising awareness of hygiene may result in higher demand for feminine hygiene products in the upcoming years.
Target Audience:
Superabsorbent Polymers manufacturers
Superabsorbent Polymers end-user sectors
Raw material suppliers of Superabsorbent Polymers
Distributors and resellers of Superabsorbent Polymers
Superabsorbent Polymers industry associations
Product managers, Superabsorbent Polymers industry administrator, C-level executives of the industries
Market research and consulting firms
Small and Medium-sized Enterprises (SMEs)
Table of Content
1 Report Overview
1.1 Product Definition and Scope
1.2 PEST (Political, Economic, Social and Technological) Analysis of Superabsorbent Polymers Market
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2 Market Trends and Competitive Landscape
3 Segmentation of Superabsorbent Polymers Market by Types
4 Segmentation of Superabsorbent Polymers Market by End-Users
5 Market Analysis by Major Regions
6 Product Commodity of Superabsorbent Polymers Market in Major Countries
7 North America Superabsorbent Polymers Landscape Analysis
8 Europe Superabsorbent Polymers Landscape Analysis
9 Asia Pacific Superabsorbent Polymers Landscape Analysis
10 Latin America, Middle East & Africa Superabsorbent Polymers Landscape Analysis
11 Major Players Profile
11.1 BASF
11.1.1 BASF Company Profile and Recent Development
11.1.2 Market Performance
11.1.3 Product and Service Introduction
11.2 EVONIK Industries
11.3 Nippon Shokubai
11.4 Sumitomo
11.5 Sanyo Chemical
11.6 Yixing Danson Technology
11.7 LG Chemical
11.8 Formosa Plastics
11.9 Zhejiang Satellite Petro-Chemical
11.10 Shandong Nuoer Bio-Tech
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