The super absorbent polymers market size is predicted to be worth US$ 10.2 Billion in 2023, rising to US$ 16.5 Billion by 2033. During the forecast period, the market for super absorbent polymers is expected to rise at a substantial CAGR of 5%.
As the population ages and individuals become more aware of the benefits and practicalities of adult incontinence solutions, the use of super absorbent polymers is increasing. As the number of adult incontinence cases rises, governments around the world are focusing on developing incontinence solutions in conjunction with manufacturers and medical specialists.
Government initiatives in nations such as the United States, the United Kingdom, Germany, and Australia encourage the use of adult incontinence products. Furthermore, due of their better water absorption and holding capacity in the construction and waste management industries, demand for super absorbent polymers is predicted to expand.
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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.
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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.
Top Key Player in the Global Market
- 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.
- SNF (U.K.) Limited
- Formosa Plastic Corporation
- Songwon Industrial Co. Ltd.
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Key Segmentation
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, 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 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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