The Superabsorbent Polymers Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Superabsorbent Polymers Global Market Report 2024, The superabsorbent polymers market size has grown strongly in recent years. It will grow from $9.25 billion in 2023 to $9.94 billion in 2024 at a compound annual growth rate (CAGR) of 7.5%. The growth in the historic period can be attributed to hygiene product demand, agricultural applications, medical and wound care, female hygiene products, construction industry use.
The superabsorbent polymers market size is expected to see strong growth in the next few years. It will grow to $13.24 billion in 2028 at a compound annual growth rate (CAGR) of 7.4%. The growth in the forecast period can be attributed to rising aging population, increased focus on agriculture, medical and healthcare advancements, sustainable and eco-friendly products, innovation in hygiene products. Major trends in the forecast period include increased utilization in concrete for enhanced properties, focus on superabsorbent polymers in the food packaging industry, development of superabsorbent polymers for medical gel applications, application in oil and gas industry for water control, collaborations for research on advanced superabsorbent polymer technologies.
Increasing awareness about personal hygiene and cleanliness is driving the superabsorbent polymers market. Superabsorbent polymers are primarily used as absorbents for water and aqueous solutions for diapers, adult incontinence products, feminine hygiene products, and similar applications. Thus, the increasing awareness about personal hygiene and cleanliness is expected to drive the market. For instance, 55% of Indian consumers intend to buy more personal hygiene and safety products because of the COVID-19 pandemic, hence aiding the growth of the superabsorbent polymers market during the period.
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The superabsorbent polymers market covered in this report is segmented –
1) By Type: Sodium Polyacrylate, Polyacrylate/Polyacrylamide, Copolymers
2) By Production Method: Suspension Polymerization, Solution Polymerization, Gel Polymerization
3) By Application: Medical, Personal Hygiene, Packaging, Construction, Oil And Gas, Other Applications
Major companies in the superabsorbent polymer market are focused on developing environment-friendly products by using advanced technology, such as super absorbent polymer (SAP) technology, to provide effective hygiene care and to gain a competitive edge in the market. Super absorbent polymer (SAP) technology is a material designed to retain large fluid volumes efficiently. For instance, in September 2022, City Pharmacy Limited, a Papua New Guinea-based consumer goods company, launched Bumbums, an upgraded environmentally friendly diaper brand, featuring enhanced absorbency for effective baby hygiene and lasting comfort. The product utilizes Japanese Sumitomo super absorbent polymer (SAP) technology, designed to retain large fluid volumes, and is infused with aloe extract for skin sensitivity. Additionally, a biodegradable fiber layer contributes to environmental sustainability.
The superabsorbent polymers market report table of contents includes:
1. Executive Summary
2. Superabsorbent Polymers Market Characteristics
3. Superabsorbent Polymers Market Trends And Strategies
4. Superabsorbent Polymers Market – Macro Economic Scenario
5. Global Superabsorbent Polymers Market Size and Growth
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31. Superabsorbent Polymers Market Other Major And Innovative Companies
32. Global Superabsorbent Polymers Market Competitive Benchmarking
33. Global Superabsorbent Polymers Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Superabsorbent Polymers Market
35. Superabsorbent Polymers Market Future Outlook and Potential Analysis
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