The super absorbent polymer market size was valued at US$ 7,336.14 million in 2022 and is projected to reach US$ 11,456.64 million by 2030; it is anticipated to record a CAGR of 5.7% from 2022 to 2030.
MARKET ANALYSIS
Super absorbent polymers are materials with the ability to absorb and retain large amounts of liquid relative to their mass. Super absorbent polymers are crucial components in adult diapers, adult incontinence products, and feminine hygiene products. Super absorbent polymers are incorporated into soil to improve water retention. This helps in agriculture by reducing the need for frequent irrigation, particularly in arid regions, and enhancing plant growth. Super absorbent polymers are used in wound care dressings and bandages to absorb and retain exudate from wounds. It can be used in oil drilling processes to control fluid loss and improve the rheological properties of drilling fluids.
GROWTH DRIVERS AND CHALLENGES
Increasing adoption of super absorbent polymers in the healthcare sector and rising demand for hygiene and incontinence products are a few factors boosting the global super absorbent polymer market growth. In the healthcare setting, super absorbent polymers are utilized in various hygiene products such as bed pads and hospital underpads. This helps in managing bodily fluids and maintaining cleanliness in medical facilities. Super absorbent polymers are integrated into advanced wound dressings, which create a gel-like consistency to protect the wound and aid the healing process. Super absorbent polymers are lightweight and comfortable, making them ideal for incorporation into medical textiles and dressings. The adoption of super absorbent polymer in the healthcare sector is attributed to its versatility, performance, benefits, and ability to address critical needs in various applications of the medical sector. It is used as a bandage for diabetic foot ulcers, pressure ulcers, leg venous and arterial ulcers, first and second-degree burns, post-operative wounds, and traumatic wounds. As per the National Pressure Ulcer Advisory Panel, the incidence of pressure ulcers ranges from 0.4–38% in hospitals, from 2.2–23.9% in skilled nursing facilities, and from 0–17% for home health agencies. Thus, these key factors are driving the need for super absorbent polymer, thereby fueling the market growth.
The volatility in raw material prices can act as a deterrent for the super absorbent polymer market. Acrylic acid is the major raw material for super absorbent polymer production, and its price fluctuation significantly impacts the viability and profitability of super absorbent polymer manufacturing. Acrylic acid is primarily produced from propylene, a petroleum derivative. Fluctuation in crude oil prices directly affects propylene and consequently affects the cost of acrylic acid. Environmental regulations and trade restrictions on propylene or acrylic acid can impact production costs and market dynamics. Acrylic acid is used in various industries besides super absorbent polymer production. Increased demand for other applications can strain the supply and lead to price hikes, which pose a challenge to the super absorbent polymer market growth.
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Super Absorbent Polymer Market: Strategic Insights
Market Size Value in US$ 7,336.14 million in 2022 Market Size Value by US$ 11,456.64 million by 2030 Growth rate CAGR of 5.7% from 2022 to 2030 Forecast Period 2022-2030 Base Year 2022
Shejal
Have a question?
Shejal will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Super Absorbent Polymer Market: Strategic Insights
| Market Size Value in | US$ 7,336.14 million in 2022 |
| Market Size Value by | US$ 11,456.64 million by 2030 |
| Growth rate | CAGR of 5.7% from 2022 to 2030 |
| Forecast Period | 2022-2030 |
| Base Year | 2022 |
Shejal
Have a question?
Shejal will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
REPORT SEGMENTATION AND SCOPE
The "Global Super Absorbent Polymer Market Analysis and Forecast to 2030" is a specialized and in-depth study with a significant focus on global market trends and growth opportunities. The report aims to provide an overview of the global market with detailed market segmentation on the basis of type, category, application, and geography. The report provides key statistics on the consumption of super absorbent polymers across the world, along with their demand in major regions and countries. In addition, the report provides a qualitative assessment of various factors affecting super absorbent polymer market performance in major regions and countries. It also includes a comprehensive analysis of the leading players in the super absorbent polymer market and their key strategic developments. Analysis of the market dynamics is also included to help identify the key driving factors, market trends, and lucrative opportunities, which, in turn, aids in identifying the major revenue pockets.
The ecosystem analysis and Porter’s five forces analysis provide a 360-degree view of the global super absorbent polymer market, which helps understand the entire supply chain and various factors affecting the market growth.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
SEGMENTAL ANALYSIS
The global super absorbent polymer market is segmented on the basis of type, category, and application. Based on type, the market is segmented into polyacrylic acid (PAA), polyacrylamide (PAM), sodium polyacrylate, potassium polyacrylate, polysaccharides, and others. The sodium polyacrylate segment accounted for a significant share of the super absorbent polymer market in 2022. PAA can absorb and retain water and swell many times compared to its original volume. It is commonly used in highly absorbent materials such as napkins, paper towels, and disposable diapers. PAM is a majorly used synthetic super absorbent polymer after polyacrylic acid. It has similar water absorbency as compared to polyacrylic acid. Sodium polyacrylate is a super absorbent polymer utilized as an emulsion stabilizer, a hair fixative, a film former, a skin conditioner, and a viscosity agent. It appears as the gel-like crystals in baby diapers, which makes them absorbent. Potassium polyacrylate used as a super absorbent polymer in the agriculture industry leads to better farming results even in poor conditions. It is used as a water-retaining agent and increases the availability of moisture to plants.
In terms of category, the market is bifurcated into synthetic and biobased. Furthermore, the synthetic segment held a significant share of the super absorbent polymer market in 2022. Superabsorbent polymers are cross-linked polymer networks constituting water-soluble building blocks. SAPs are generally composed of ionic monomers and are characterized by a low cross-linking density, which results in a large fluid uptake capacity. Biobased super absorbent polymers are manufactured using new technology, which requires much more advancements. Super absorbent polymers based on natural polymers, such as cellulose, starch, and chitosan, have an advantage of degradability as compared to synthetic category super absorbent polymers.
Super Absorbent Polymer Market – by Category, 2022 and 2030
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
REGIONAL ANALYSIS
The report provides a detailed overview of the global super absorbent polymer market with respect to five major regions—North America, Europe, Asia-Pacific (APAC), the Middle East & Africa (MEA), and South & Central America. Asia Pacific accounted for a significant share of the market and was valued at more than US$ 2,500 million in 2022. Asia Pacific is characterized by steady growth in population, growing disposable income of people, and high per capita healthcare expenditure. According to a report published by the US Census Bureau in 2022, the population of Asia reached 4.5 billion in 2020. Super absorbent polymers act as water reservoirs in the soil, absorbing and storing large amounts of water from irrigation and rainfall. Thus, super absorbent polymers for agricultural applications and rising demand for incontinence products are projected to boost the super absorbent polymer market during the forecast period.
The North America is expected to reach more than US$ 2,800 million by 2030. In North America, the utilization of super absorbent polymer is influenced by the rising demand for baby diapers, adult incontinence products, and feminine hygiene products. The emphasis on convenience, comfort, and improved absorbency in personal care products has fueled the demand for high-performance super absorbent polymers. Europe is expected to record a CAGR of ~6% from 2022 to 2030. According to a report by the United Nations Population Fund in 2022, the share of the aged population is anticipated to reach 30% of the total population in Europe by 2050. The aging and geriatric population is most likely to suffer from incontinence and require adult diapers to manage incontinence. Therefore, rising incontinence issues and growing emphasis on the development of bio-based super absorbent polymers are expected to create lucrative opportunities for market growth.
INDUSTRY DEVELOPMENTS AND FUTURE OPPORTUNITIES
Various initiatives taken by the key players operating in the super absorbent polymer market are listed below:
- In February 2023, Nippon Shokubai Co Ltd obtained ISCC PLUS certification for 19 products, including acrylic acid, superabsorbent polymers, and ethylene oxide. The certification allows the company to manufacture and market certified products using biomass-derived raw materials.
- In September 2022, Sanyo Chemical Industries Ltd declared that its subsidiary, SDP Global Co, created an environmentally friendly super absorbent polymer with plant-based biomass as one of its raw components.
IMPACT OF COVID-19 PANDEMIC/IMPACT OF GEOPOLITICAL SCENARIO/IMPACT OF RECESSION
Before the COVID-19 pandemic, many countries across the globe reported economic growth. The key manufacturers invested in the research and development of super absorbent polymers. They are also focused on the expansion of geographic reach through merger and acquisition strategies to cater to a wide customer base. Manufacturers reported challenges in sourcing raw materials and ingredients from suppliers, thereby impacting the production rate of a super absorbent polymer. Further, production shortfall caused by severe disruptions in supply chains and limited skilled laborers created a demand-supply gap in many regions, particularly Asia Pacific, Europe, and North America. The demand and supply gap were also recorded in the regions mentioned above due to fluctuating demand from the personal care, construction, and healthcare industries.
The sales of super absorbent polymer increased with the resumption of end-use industries. The market began reviving as governments of various countries took significant measures, such as well-coordinated vaccination drives. With the recovery of operations of the personal care, agriculture and construction sectors, the demand for super absorbent polymer has been growing.
COMPETITIVE LANDSCAPE AND KEY COMPANIES
Sanyo Chemical Industries Ltd, LG Chem Ltd, BASF SE, Sumitomo Seika Chemicals Co Ltd, Nippon Shokubai Co Ltd, Evonik Industries AG, Chase Corp, Yixing Danson Science and Technology Co Ltd, Songwon Industrial Co. Ltd, and Satellite Chemical Co Ltd. are among the key players operating in the super absorbent polymer market.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type, Category, and Application
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
The major players operating in the global super absorbent polymer market are Sumitomo Seika Chemicals Co Ltd, Nippon Shokubai Co Ltd, Sanyo Chemical Industries Ltd, BASF SE, and Evonik Industries AG, amongst others.
The strategic development initiatives by key market players offer lucrative growth opportunities to the global super absorbent polymer market during the forecast period.
Based on the type, the sodium polyacrylate segment accounted for the largest revenue share. Sodium polyacrylate is commonly used in diapers and sanitary napkins to enhance absorbency. The versatility of sodium polyacrylate, its cost-effectiveness and ability to address moisture-related challenges, drives the super absorbent polymer market.
Asia Pacific super absorbent polymer market is expected to surge due to growing demand for personal care, feminine hygiene, and adult incontinence products. The growing population in several countries such as China and India, drives the utilization of adult incontinence products, feminine hygiene and personal care products. Rising demand for incontinence products, and growing personal care industry is fueling the demand for super absorbent polymer.
Based on application, healthcare is the fastest-growing segment. Super absorbent polymer is also used for medical bandage and wound care dressing, medical and surgical pad application in the healthcare industry.
Rising demand for hygiene and incontinence products, and increasing adoption of super absorbent polymer in healthcare sector, are some of the key driving factors for the super absorbent polymer market.
The List of Companies - Super Absorbent Polymer Market
- Sanyo Chemical Industries Ltd
- LG Chem Ltd
- BASF SE
- Sumitomo Seika Chemicals Co Ltd
- Nippon Shokubai Co Ltd
- Evonik Industries AG
- Chase Corp
- Yixing Danson Science and Technology Co Ltd
- Songwon Industrial Co. Ltd
- Satellite Chemical Co Ltd
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
Trends and growth analysis reports related to Super Absorbent Polymer Market
Jan 2024
Construction Additives Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Type [Cement Additives, Concrete Admixtures (Precast Concrete and Ready-Mix Concrete), Paints and Coatings Additives, Adhesives and Sealants Additives, Plastic Additives, Bitumen Additives, and Others], and Application (Residential, Commercial, Infrastructure, and Others)
Jan 2024
Oil Pollution Remediation Materials Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Type [Physical Remediation (Booms, Skimmers, and Adsorbent Materials), Chemical Remediation (Dispersants and Solidifiers), Thermal Remediation, and Bioremediation]
Jan 2024
Greenhouse and Mulch Film Market
Size and Forecast (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Product Type (Greenhouse Films and Mulch Films), Material (LLDPE, LDPE, HDPE, EVA, PHA, PVC, PC, and Others), and Application (Vegetable Farming, Horticulture, Floriculture, and Others)
Jan 2024
Plastic for SLS 3D Printing Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Type (Polyamide, Thermoplastic Polyurethane (TPU), Polyether Ether Ketone (PEEK), and Others) and End-Use Industry (Healthcare, Aerospace & Defense, Automotive, Electronics, Others)
Jan 2024
Carbon Fiber-Based SMC BMC Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Resin Type (Polyester, Vinyl Ester, Epoxy, and Others) and End-Use Industry (Automotive, Aerospace, Electrical and Electronics, Building and Construction, and Others)
Jan 2024
Thermoplastic Adhesive Films Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Material (Polyethylene, Polyamide, Thermoplastics Polyurethane, Polyester, Polypropylene, Polyolefins, Copolyamides, Copolyesters, and Others); Technology (Cast Film and Blown Film); Application (Membrane Films, Barrier Films, and Blackout Films); End Use (Textile, Automotive, Electrical and Electronics, Medical, Ballistic Protection, Lightweight Hybrid Construction, and Others)