November 19, 2019
According to the latest study titled ‘Global Super Absorbent Polymer (SAP) Market: Analysis By Type (Sodium Polyacrylate, Polyacrylamide Copolymer, Others), End-Use Sector (Personal Care, Agriculture, Medical, Industrial, Others), By Region, By Country (2018 Edition): Opportunities and Forecast (2013-2023)’ available with Market Study Report LLC, the global super absorbent polymer market is estimated to grow with a CAGR of 6.25% through the year 2023.
Super absorbent polymer (SAP) is known to absorb and retain liquid in large quantity, as much as 50 times its volume. The water absorbing ability of SAP depends on ionic concentration of the solution. Rising usage of the product in waste-water treatment is one of the key factors driving the growth of super absorbent polymer market. Other factors aiding the market growth includes increasing geriatric base who are prone to incontinence, consumer awareness towards personal hygiene, and booming global population.
The study encompasses details about revenue shares for each segment, alongside the expansion strategies adopted by manufacturers. Thorough insight regarding challenges, drivers, trends, and restraints impacting the market growth is also given. It also analyzes the competitive landscape of SAP market using SWOT analysis and Porter Five Force analysis.
Based on type, super absorbent polymer market is segmented into polyacrylamide, sodium polyacrylate, and others. While speaking of end-user spectrum, the industry is divided into agriculture, personal care, medical, industrial, and others. SAP market from personal care segment is presumed to expand momentously over the analysis period, on account of surging demand for disposable baby diapers and rising popularity of female hygiene products, cites the study.
Considering the geographical landscape, the global super absorbent polymer market is fragmented into four major regions including Europe, North America, APAC and rest of the world, with key focus on countries like Canada, U.S., United Kingdom, Mexico, Germany, France, China, Spain, India, and Japan.
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As per the report, APAC super absorbent polymer market registered the largest regional share in 2017 and is estimated to continue this dominance over the forecast period. The regional growth is attributed to rising infant population, along with expansion of agricultural and industrial sectors.
Some of the vendors that operate in super absorbent polymer market are Nippon Shokubai, BASF, LG Chem, Evonik, Sumitomo Seika Chemical Co. Ltd., and Songwon.
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