According to a new market research report titled, ‘Superabsorbent Polymers Market by Type (Sodium Polyacrylate, Polyacrylamide Copolymer), Application (Personal Care & Hygiene, Medical, Construction), Sector (Agriculture, Packaging, Health & Wellness, Oil & Gas), and Geography - Global Forecasts to 2030’ the superabsorbent polymers market is projected to reach $14.9 billion by 2030, at a CAGR of 6.2% from 2023 to 2030.
Superabsorbent polymers (SAPs), also known as slush powder, are a type of hydrogel, a polymer matrix composed of hydrophilic monomers. It is a special type of polymer that can absorb and retain extremely large amounts of a liquid relative to its own mass. SAPs have a variety of applications, including agriculture, papermaking, hygiene products, construction, medical and healthcare, packaging, and textiles. Also, it is used in industrial applications such as water purification, chemical absorption, oil spills, and other chemical processes.
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The growth of this market is mainly driven by the growing demand for superabsorbent polymers in personal care products, increasing adoption of superabsorbent polymers in agriculture for water management and improved crop yield, and rising awareness about hygiene and healthcare. Additionally, the advancements in bio-based superabsorbent polymers and increasing application in oil & gas, food packaging, and agriculture sectors are expected to create market growth opportunities.
However, the non-biodegradable nature of superabsorbent polymers restrain the growth of this market. Stringent regulations and standards for the use and disposal of superabsorbent polymers products are major challenges for the players operating in this market. Additionally, the growing demand for superabsorbent polymers in smart packaging applications is a prominent trend in the market.
The superabsorbent polymers market is segmented by type (sodium polyacrylate, polyacrylamide copolymer, and others types), application (personal care & hygiene, packaging & absorbents, self-healing concrete & sealants, medical dressings, soil moisture retention, spill containment, and other applications), sector (agriculture, packaging & industrial, construction & civil engineering, health & wellness, medical, oil & gas, and other sectors), and geography. The study also evaluates industry competitors and analyses the market at the regional and country levels.
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Based on type, the global superabsorbent polymers market is broadly segmented into sodium polyacrylate, polyacrylamide copolymer, and other types. In 2023, the sodium polyacrylate segment is expected to account for the largest share of the global superabsorbent polymers market. The large market share of this segment is attributed to the growing demand for sodium polyacrylate for detergents and personal hygiene products due to its ability to absorb liquids much larger than its mass, high absorbency and retention capabilities and the increasing consumer awareness of hygiene and comfort. However, the polyacrylamide copolymer segment is projected to register the highest CAGR during the forecast period.
Based on application, the global superabsorbent polymers market is broadly segmented into personal care & hygiene, packaging & absorbents, self-healing concrete & sealants, medical dressings, soil moisture retention, spill containment, and other applications. In 2023, the personal care & hygiene segment is expected to account for the largest share of the global superabsorbent polymers market. The large market share of this segment is attributed to the growing consumer demand for enhanced comfort and convenience in personal care products and the increasing demand for leakage protection and odor control in diapers. However, the medical dressings segment is projected to register the highest CAGR during the forecast period.
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Based on sector, the global superabsorbent polymers market is broadly segmented into agriculture, packaging & industrial, construction & civil engineering, health & wellness, medical, oil & gas, and other sectors. In 2023, the health & wellness sector is expected to account for the largest share of the global superabsorbent polymers market. The large market share of this segment is attributed to the increasing awareness about the importance of effective wound management and infection prevention and the growing emphasis on hygiene and sanitation in healthcare and hygiene applications. However, the medical sector is projected to register the highest CAGR during the forecast period.
Based on geography, the global superabsorbent polymers market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2023, Asia-Pacific is expected to account for the largest share of the global superabsorbent polymers market, followed by Europe and North America. This market is also projected to witness rapid growth during the forecast period. The large share of this market is mainly attributed to the increasing adoption of SAPs for medical applications, rising environmental concerns to develop sustainable and biodegradable superabsorbent polymers, increasing government initiatives promoting personal hygiene, growing demand for personal care and hygiene products that incorporate superabsorbent polymers (SAPs) for enhanced performance and comfort.
The report also includes an extensive assessment of the key growth strategies adopted by the leading market participants in the last three to four years. The key players operating in the superabsorbent polymers market are BASF SE (Germany), Evonik Industries AG (Germany), Nippon Shokubai Co., Ltd. (Japan), Sumitomo Seika Chemicals Co., Ltd. (Japan), LG Chem Ltd. (South Korea), Formosa Plastics Corporation(Taiwan), Sanyo Chemical Industries, Ltd. (Japan), Yixing Danson Technology(China), Songwon Industrial Co., Ltd. (South Korea), San-Dia Polymers Global Co. Ltd. (Japan), Kao Corporation (Japan), Zhejiang Weilong Polymer Material Co., Ltd (China), Quan Zhou Banglida Technology Industry Co., Ltd. (China), Shandong Nuoer Biological Technology Co., Ltd. (China), Wanhua Chemical (Yantai) Sales Co., Ltd. (China), Sinofert Holdings Limited (China), and Ecovia Renewables Inc. (U.S.).
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