Super Absorbent Polymer Market worth $14.9 billion by 2030, at a CAGR of 6.4% – IndustryARC

According to the latest market research report on the Super Absorbent Polymer Market, published by IndustryARC, The main factor driving this trend is the increasing need for superabsorbent polymers in the production of feminine hygiene products, adult incontinence products, and diapers. The ability of SAPs to absorb and retain large amounts of liquid makes them essential in enhancing the performance of these products.

The Super Absorbent Polymer Market research report is segmented By Type: Sodium Polyacrylate, Polyacrylamide Copolymer, and Others; By Applications: Personal Care, Medical, Agriculture, Industrial, and Others; By Process: Gel Polymerization, Inverse Suspension Polymerization, Solution Polymerization, and Others; By Geography:  North America, South America, Europe, APAC, and MEA, which provides a comprehensive analysis of the global market & industry forecast (2024-2030).

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APAC Anticipated to Show the Fastest Growth in the Market:

The Asia-Pacific region dominates the super absorbent polymer market share, and is expected to grow at higher CAGR of 8.1% during the forecast period (2024-2030). Increasing production and government support is anticipated to drive market growth. China is one of the largest consumers of superabsorbent polymers in the world with a CAGR of 8.4% during the forecast period. The market for SAPs in China has been growing steadily, driven by factors such as population growth, increased urbanization, and changing consumer lifestyles. One of the world’s fastest-growing aging populations is in China. Due to a higher life expectancy, it is anticipated that by 2040, 28% of China’s population will be over 60. The largest application for SAPs in China is in the production of disposable hygiene products, including baby diapers and adult incontinence products. The country’s growing middle-class population and increased awareness of hygiene have fueled the demand for such products.

Super absorbent polymer market 2023-2030: Scope of the Report

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Super absorbent polymer market Report – Key Takeaways:

• Personal Care applications are Leading the Market

Personal Care applications occupied a dominant position in the Super Absorbent Market in 2022. The middle class’s disposable income and population are the main determinants of personal hygiene product use. The increasing disposable income of citizens increases the demand for baby diapers is anticipated to increase due to the rising birth rate. Increased awareness of personal hygiene and health in the world has led to a surge in the use of disposable hygiene products. Consumers are looking for products that offer superior performance and comfort, which are enabled by Superabsorbent polymer technology. In March, 2021, By constructing a cutting-edge Superabsorbents Excellence Centre at its Verbund location in Antwerp, Belgium, BASF will improve its capacity for innovation in the superabsorbent polymer market. With the €25 million investment, the corporation has demonstrated its commitment to the hygiene industry.

• Sodium Polyacrylate Is the Most Popular Type

Sodium Polyacrylate dominated the Super Absorbent Market in 2023. Sodium polyacrylate is another kind of highly absorbent polymer that is mostly utilized in the production of absorbent products like sanitary towels and paper diapers. Sodium polyacrylate (SAP) has an exceptional absorbency; it may absorb water several hundred times its weight. It begins as a powder and expands into a gel when it comes into contact with water. This gel is more difficult to squeeze the moisture out of than other popular absorbent materials.

• Increasing Birth Rates Will Drive The SAP Market:

One of the major factors in market expansion is the rising population, which is accompanied by an increasing urban population. Furthermore, rising disposable income, a growing female labor force, improving literacy rates, and so on are some of the elements that influence family living standards and spending habits and are predicted to be important growth determinants. In the next years, the industry will most certainly be driven by consumers’ increased health and hygiene concerns.

SuperBottoms, India’s cloth diaper business, will release the UNO 2.0 for new parents to put on their newborns in July 2021. All cloth diapers are composed completely of fabric and come with organic cotton pads. Several government organizations have also launched health awareness campaigns, the main goal of which is to raise young parents’ knowledge of the hygiene and health of their kids.

For instance, through its Latin American Centre for Perinatology (CLAP), the Pan American Health Organisation (PAHO) launched a campaign in February 2022 to promote good care practices for newborns and create knowledge about them. Skin-to-skin contact, exclusive breastfeeding, and keeping the baby dry and clean are a few of these behaviors.

• The Global Superabsorbent Polymers Market Is Expected To Be Hampered By Raw Material Price Volatility:

Acrylic acid is the most common raw ingredient utilized in the production of super-absorbent polymers. Acrylic acid prices have been variable due to swings in crude oil prices as well as a lack of supply in the Asian market. Acrylic acid prices will be influenced by the gradual recovery of crude oil prices. China is the world’s leading producer of acrylic acid. As a result of environmental constraints in China, acrylic acid manufacturing plants are operating at reduced rates, closing the supply-demand imbalance.

This has also affected the cost of ultra-absorbent polymers. In recent years, manufacturers such as Nippon Shokubai and Evonik have announced price increases for their extremely absorbent polymers. However, the impact is projected to be mitigated as new capacity is added, stabilizing prices in the coming years.

As a result, throughout the middle of the quarter, Acrylic Acid prices in India and China hovered around USD 1317/MT and USD 1310/MT, respectively. Acrylic acid prices in Europe remained high during the third quarter, boosted by strong demand and insufficient supply across the continent.

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Key Opportunity Analysis:

• Development Of Bio-Based Super Absorbent Polymers Is An Opportunity:

In the current market context, typical super-absorbent polymers are non-biodegradable and contribute significantly to global landfills. As a result, efforts in the development of highly absorbent polymers based on renewable ingredients are projected to open up new business opportunities.

Super absorbent polymers derived from renewable resources are also a viable alternative to petrochemical-based polymers like sodium polyacrylate and potassium polyacrylate, which are currently employed in the absorbent core of disposable diapers and other personal hygiene items. Ecovia Renewables Inc. (US), for example, made research grants in 2017 for the development of biopolymer materials for use in diapers.

The Asia Pacific, the Middle East, and Africa’s expanding economies present significant potential for super-absorbent suppliers and manufacturers. Rapid agricultural expansion in numerous economies is causing manufacturers to shift their focus away from industrialized economies and toward emerging ones. Agriculture advancements, particularly in India, Brazil, and China, are projected to boost demand for bio-based superabsorbent polymers in these nations in the near future.

• Major Company’s Investments For New Innovations And Market Growth:

Key competitors in the superabsorbent polymer market are employing a variety of techniques to maintain and expand their market presence. The superabsorbent polymer market landscape is robust, with significant businesses closely watching industry trends in order to capitalize on opportunities for expansion and innovation.

BASF will invest $30.1 million in its hygiene business by March 2021. This investment is expected to assist BASF expand its superabsorbent polymer business innovation capabilities by constructing a state-of-the-art Super Absorbents Excellence Center at its Verbund location in Antwerp, Belgium.

BASF PETRONAS Chemicals, a Malaysia-based joint venture between BASF SE and Petroliam Nasional Berhad (PETRONAS), announced intentions to enhance its acrylic acid and butyl acrylate manufacturing capacity at its Kuantan, Malaysia, location in August 2018. Acrylic acid is a chemical that is utilized in the production of acrylic esters, superabsorbent polymers, and water treatment chemicals.

The key factors driving super absorbent polymer demand are rising disposable income, increased demand for fluff-free personal hygiene products, emphasis on proper irrigation management, and adoption of eco-friendly products. Furthermore, new developments in the medical, pharmaceutical, agricultural, and horticulture industries to control water availability are moving the Super Absorbent Polymer market ahead.

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The Report also Covers the Following Areas:

• Super absorbent polymer market Size and Forecast
• Super absorbent polymer market Trends
• Super absorbent polymer market Analysis by Type

Super absorbent polymer market 2023-2030: Key Highlights

• CAGR of the market during the forecast period 2024-2030
• Value Chain analysis of key stakeholders
• Detailed analysis of market drivers and opportunities during the forecast period
• Super absorbent polymer market size estimation and forecast
• Analysis and predictions on end users’ behavior and upcoming trends
• Competitive landscape and Vendor market analysis including offerings, developments, and financials
• Comprehensive analysis of challenges and constraints in the Super absorbent polymer market

Covid and Ukrainian Crisis Impact:

• Global supply chains have been severely disrupted by the COVID-19 epidemic, which has had an effect on the pricing and availability of raw materials as well as the transit of completed goods. This has resulted in increased lead times, reduced production, and higher costs. Industries heavily reliant on superabsorbent polymers, such as hygiene products (diapers, sanitary napkins), were affected as consumer demand fluctuated.
• Conflicts between the Ukraine and Russia led to an increase in prices. Many companies have shut business in Russia; temporarily shutting down their plants in Ukraine. Additionally, the crisis in Ukraine has also led to a reduction in investments in the market as companies are hesitant to invest in a region that is facing political and economic instability. This could impact the supply and demand dynamics of the market.

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List of Top Companies in the Super absorbent polymer market:

The Global Super absorbent polymer market is consolidated as the majority share is held by the leading super absorbent polymer manufacturers. The key companies profiled are listed below:

1. Nippon Shokubai Co Ltd
2. BASF
3. Evonik
4. Sumitomo Seika Chemicals
5. SDP Global
6. Dansonpack Industries
7. LG Chemicals
8. ADM
9. NSB Polymers
10. Sumitomo Seika Chemicals

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