One significant driver for the SAP industry is the augmenting demand for hygiene and personal care products globally. With the surge in hygiene awareness and growing populations, particularly in emerging economies, the demand for these products is expected to drive the growth of the SAP market.
The super absorbent polymer industry is expected to be valued at US$ 10.7 billion by 2024. The valuation of the market is estimated to be US$ 18.23 billion by 2034, projected at a CAGR of 5.40%.
Concerns regarding non-biodegradability and potential pollution pose challenges for market growth, especially in regions where ecological sustainability is a priority. Addressing these concerns and developing eco-friendly alternatives are essential for mitigating this restraint and sustaining market growth.
Despite these challenges, there are significant opportunities for the SAP industry, particularly in agriculture and water management. Bio-based SAP innovations offer manufacturers opportunities to meet the increasing demand for environmentally friendly products and capitalize on emerging market trends.
As environmental concerns gain prominence, there is a growing focus on developing SAPs from renewable and biodegradable sources, such as starch-based polymers or cellulose derivatives. This trend aligns with consumer preferences for eco-friendly products and supports the industrial transition towards sustainability.
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Key Takeaways from the Market Study
- Under application, the disposable diaper segment is accounted to hold a market share of 76.5% in 2024.
- China is expected to register at a CAGR of 6% by 2034.
- India registers significant growth, projected at a CAGR of 8% by 2034.
- Based on the product type, the sodium polyacrylate segment is accounted to hold a market share of 68% in 2024.
“The surge in demand for hygiene and personal care products globally due to the rise in population growth and hygiene awareness, a corresponding surge in the use of disposable diapers, feminine hygiene products,. can be seen pushing the super absorbent polymer market,” comments a Future Market Insights analyst.
Competitive Landscape
In the competitive landscape of the super absorbent polymer (SAP) industry, established players dominate with extensive product portfolios and global reach.
Startups innovate with niche solutions, while differentiation through product quality, cost-effectiveness, and sustainability is crucial for success in this dynamic market driven by hygiene and personal care demands.
Key Companies Profiled
- Nippon Shokubai Co., Ltd
- Evonik Industries AG
- BASF SE
- Kao Corporation
- Sumitomo Seika Chemicals Co. Ltd.
- Sanyo Chemicals Industries, Ltd.
- LG Chemicals Ltd
- Yixing Danson Technology
- Zhejiang Weilong Polymer Material Co., Ltd
- Quan Zhou Banglida Technology Industry Co., Ltd.
- Shandong Nuoer Biological Technology Co., Ltd.
- Wanhua Chemical Group Co., Ltd
- Sinofloc Chemical Ltd.
- Formosa Plastic Corporation
- Songwon Industrial Co. Ltd.
Some of the key developments are
- In 2022, Formosa Plastic Corporation announced a significant expansion of its super absorbent polymer (SAP) production capacity to meet growing demand. The development underscored the company’s commitment to meeting market needs and strengthening its position in the SAP industry.
- In 2022, Songwon Industrial Co. Ltd. unveiled a breakthrough innovation in biodegradable SAP technology, offering a sustainable alternative to conventional SAPs. This advancement aligned with the focus on environmental sustainability and positions Songwon as a leader in eco-friendly SAP solutions.
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Future Market Insights offers an unbiased global super absorbent polymer market analysis, providing historical data from 2019 to 2023 and forecast statistics from 2024 to 2034
To understand market opportunities, the super absorbent polymer market is segmented based on Product (Sodium Polyacrylate, Polyacrylamide Copolymer, Others), Application (Disposable Diapers, Adult Incontinence Products, Feminine Hygiene Products, Agriculture Products, Others) and Region (North America, Latin America, Western Europe, Eastern Europe, South Asia and Pacific, East Asia, Middle East and Africa)
Key Segments
By Product:
- Sodium Polyacrylate
- Polyacrylamide Copolymer
- Others
By Application:
- Disposable Diapers
- Adult Incontinence Products
- Feminine Hygiene Products
- Agriculture Products
- Others
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- South Asia and Pacific
- East Asia
- Middle East and Africa
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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