By the end of 2034, the global super absorbent polymer market is expected to generate US$ 9.03 billion, up from US$ 6.4 billion in 2024. From 2024 to 2034, the market is expected to grow at a 3.5% compound annual growth rate.
Advanced hydrogels called superabsorbent polymers (SAPs) are renowned for their remarkable capacity to absorb and hold onto vast volumes of water in relation to their weight.
In a number of applications, they function better than substitutes. For example, SAPs offer improved moisture absorption in hygiene goods like nappies, guaranteeing a more comfortable and dry experience. These polymers improve soil water retention in agriculture, which lessens the need for regular irrigation and encourages water conservation—especially advantageous in arid areas.
The growth of the superabsorbent polymers market is primarily driven by increasing demand for hygiene products, such as diapers and adult incontinence items, due to their superior water-absorbing capabilities. Additionally, the expanding application of superabsorbent polymers in agriculture contributes significantly to market growth.
However, the market has faced tough competition from materials seen as more sustainable or cost-effective for specific uses. This challenge arises as industries increasingly prioritize eco-friendly options, and cost plays a significant role in material choices. As environmental concerns grow, there's a rising demand for eco-friendly options. Creating polymers with less impact on the environment is a real challenge.
Key Takeaways:
- In the timeframe of 2022 to 2023, East Asia is anticipated to present a substantial absolute dollar opportunity of US $830 million, while South Asia and Oceania are expected to offer opportunities worth US $627 million each.
- Super absorbent polymers constitute approximately 30% of the materials utilized in diaper manufacturing, reflecting their widespread popularity in the production of highly absorbent diapers.
- Because of the extensive utilization of super absorbent polymers (SAPs) in the production of hygiene items like absorbent core products, this segment is projected to represent a substantial absolute dollar opportunity, amounting to US $3.2 billion throughout the forecast period from 2022 to 2032.
The rising demand for disposable diapers and adult incontinence products and the global expansion of the hygiene and personal care industry are a few major factors driving the market growth - Says FACTMR Expert
Market Competition
Amid growing environmental awareness, top players are likely to pursue sustainability by developing bio-based or biodegradable polymers, addressing concerns about the environmental impact of traditional products. Top suppliers include M2 Polymer Technologies, NSB Polymers, Wanhua Chemical Group Co Ltd., Sumitomo Seika Chemicals Co Ltd., and Songwon.
- In March 2021, BASF disclosed a $30 million investment plan for establishing a super absorbent excellence center in Antwerp, Belgium. This strategic investment aims to bolster the company's capabilities in advancing the development of super-absorbent products.
Winning strategies
- Tailoring super absorbent polymer solutions specifically for manufacturers in the disposable diaper, adult incontinence, and feminine hygiene product industries is a great strategy in the super absorbent polymers industry.
- Market players should create special polymers for medical purposes, like wound care and surgical products. These polymers need to maintain high absorbency while meeting strict medical standards.
- Building strong partnerships with hygiene product manufacturers is a great strategy to use in the market. This involves forming long-term alliances, securing loyal customers, and collaborating on product development for mutual benefit.
The primary application of superabsorbent polymers (SAP) in the production of hygiene and personal care items is expected to dominate the market. This is largely due to the utilization of SAPs in sanitary napkins, showcasing high absorption capacity. Superabsorbent polymers constitute approximately 30% of the materials employed in diaper manufacturing, contributing to their widespread popularity.
The exceptional absorption capabilities of SAPs not only improve the comfort and strength of diapers but also make them highly favored in the production of hygiene and personal care products.
Given the extensive use of SAPs in manufacturing absorbent core products for hygiene, this segment is poised to represent a significant absolute dollar opportunity, estimated at US$ 3.2 billion over the forecast period from 2022 to 2032.
Old Source: https://www.globenewswire.com/news-release/2023/11/21/2783768/0/en/Super-Absorbent-Polymers-Market-to-Attain-US-9-7-Billion-at-4-9-CAGR-by-2032-Fact-MR-Analysis.html