The market for super absorbent polymers is expected to be valued US$ 10.2 billion in 2023 and US$ 16.5 billion by 2033. During the forecast period, the market for super absorbent polymers is anticipated to expand significantly at a CAGR of 5%.
A combination of an ageing population and increased knowledge of the benefits and usefulness of adult incontinence solutions has led to an increase in the use of super absorbent polymers. Governments from many nations are concentrating on manufacturing incontinence goods through joint efforts with manufacturers and medical professionals in response to the growth in adult incontinence cases.
In countries such as the United States, the United Kingdom, Germany, and Australia, government initiatives encourage the use of adult incontinence products. Furthermore, the demand for super absorbent polymers is expected to rise because of their superior water absorption and holding capacity in the construction and waste management industries.
Request a Sample @ https://www.futuremarketinsights.com/reports/sample/rep-gb-429
Manufacturers in the market for such materials are developing the iodine transfer polymerization (ITP) technique to generate new classes of superabsorbent polymers based on acrylic acid (AA). Because of their remarkable absorption characteristics, ITP-produced AA-based superabsorbent polymers are gaining appeal in the diaper industry. As a result, superabsorbent polymer companies are stepping up R&D efforts to employ specific organoiodine chain transfer agents to polymerize AA in an aqueous solution.
The ITP method makes it feasible for superabsorbent polymers to have better gel strength and absorption capabilities, which is favorable to diaper manufacturers. Businesses are enhancing their reputations by creating super absorbent polymers that balance biomass. Expanding the distribution network is becoming more important to take advantage of the unmet demands that are prevalent in emerging nations. Additionally, to stay up with shifting customer preferences, more focus will likely be placed on the creation of bio-based SAP.
Key Takeaways from the Super Absorbent Polymers Market
- The US super absorbent polymer market is anticipated to expand at a CAGR of 4.8% over the anticipated time frame. By 2033, it is anticipated that sales of super absorbent polymers in the US are likely to surpass US$ 3.1 billion.
- Sales of super absorbent polymers increased at a 4.4% CAGR between 2018 and 2022, citing FMI’s study.
- Between 2023 and 2033, sales in North America are anticipated to grow at a 4% CAGR, supported by increased demand in the United States and Canada.
- The market for super absorbent polymers in the UK is anticipated to grow at the greatest rate, 5.5% CAGR. By 2033, it is expected that the UK market would have contributed more than US$ 982.4 Mn in revenue.
- China’s super absorbent polymer sector is estimated to exceed US$ 3.4 Bn by 2033.
- Between 2023 and 2033, sales of super absorbent polymers are likely to increase in Japan and South Korea at 4% CAGR and 4.4% CAGR, respectively.
- The market for super absorbent polymers is anticipated to rise in Europe at a CAGR of 4.4% between 2023 and 2033.
Who is Winning?
Companies in the super absorbent polymers market are pursuing strategic alliances and partnerships with other major players to increase their regional footprint. To preserve their global presence, manufacturers are likewise concentrating on expanding their production operations abroad. Due to stringent environmental regulations and growing customer demand for sustainable products, major players in the market are looking for renewable resources to increase their production capacity in eco-friendly raw materials.
Recent Developments in the Super Absorbent Polymers Industry
- The Abu Dhabi National Oil Company, Adani Group, BASF SE, and Borealis AG have all committed to the feasibility study to evaluate a collaboration for the construction of a chemical complex as of October 2019.
- In March 2021, BASF stated that it will invest around $30 million in its highly absorbent polymer division. BASF is creating a state-of-the-art center of excellence for super absorbents in Antwerp, Belgium.
- In June 2021, Bharat Petroleum Corporation Limited (BPCL) announced that it will construct a super-absorbent polymer unit at the Kochi refinery.
- The FAVOR®max line of ultra-thin baby diapers with special qualities that make diapers and incontinence products even more dependable and absorbent was introduced by Evonik Industries AG in March 2017.
Ask an Analyst @ https://www.futuremarketinsights.com/ask-question/rep-gb-429
Super Absorbent Polymers Market by Category
By Product Type:
- Sodium Polyacrylate
- Polyacrylamide Copolymer
- Others
By Application Type:
- Disposable diapers
- Adult Incontinence Products
- Feminine Hygiene Products
- Agriculture Products
- Others
By Region:
- North America
- Latin America
- Europe
- South Asia & Pacific
- East Asia
- Middle East & Africa (MEA)
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 favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
Contact:
Unit No: 1602-006
Jumeirah Bay 2
Plot No: JLT-PH2-X2A
Jumeirah Lakes Towers
Dubai
United Arab Emirates
LinkedIn| Twitter| Blogs
For Sales Enquiries: sales@futuremarketinsights.com
