Meticulous Research®—a leading global market research company, published a 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 Forecast to 2030.’
According to this latest publication from Meticulous Research®, the global superabsorbent polymers market is projected to reach $14.9 billion by 2030, at a CAGR of 6.2% from 2023 to 2030. The growth of this market is driven by the growing demand for superabsorbent polymers (SAPs) in personal care products, the 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 restrains 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. The adoption of SAP in the smart packaging market is a prominent trend in the superabsorbent polymers market.
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The global superabsorbent polymers market is segmented by type, application, and sector. The study also evaluates industry competitors and analyzes the market at the region/country level.
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 due to its ability to absorb liquids much larger than its mass, high absorbency and retention capabilities; the growing demand for disposable personal hygiene products; and the increasing consumer awareness about hygiene and comfort.
However, the polyacrylamide copolymer segment is projected to register the highest CAGR during the forecast period due to the increasing awareness about the benefits of polyacrylamide copolymers in various applications, including wastewater treatment, agriculture, and personal care; the surging demand for enhanced oil recovery techniques; and the rising need for efficient water management and conservation.
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 increasing consumer demand for enhanced comfort and convenience in personal care products, growing demand for leakage protection and odor control in diapers, adult incontinence products, and feminine hygiene items, and advancements in the SAP technology to improve absorption and retention capabilities.
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However, the medical dressings segment is projected to register the highest CAGR during the forecast period due to the increasing demand for superabsorbent polymers for advanced wound care products and the growing need to reduce the frequency of dressing changes and minimize disruption to the wound healing process.
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 demand for advanced personal care products with superior absorption and leakage protection properties, growing emphasis on hygiene and sanitation in healthcare and hygiene applications, rising awareness of the importance of effective wound management and infection prevention, and high adoption of sap-based products in adult incontinence care.
However, the medical sector is projected to register the highest CAGR during the forecast period due to the increasing production of medical products with high absorption capacities, growing demand for SAPs in surgical and medical dressings to enhance patient comfort and promote faster healing, increasing development of biocompatible and biodegradable materials for medical applications, and growing use of SAPs in drug delivery systems as carriers for controlled and targeted drug release.
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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. The region is also projected to register the highest CAGR during the forecast period. The large market share of Asia-Pacific is mainly attributed to the increasing awareness about personal hygiene among the people, rising hygiene & healthcare products, increasing government initiatives promoting personal hygiene, healthcare, and infant care in several countries in the region, and growing awareness and demand for personal care and hygiene products. Also, the increasing adoption of SAPs for medical applications, including wound dressings and disposable medical products, and increasing demand for sustainable and biodegradable personal care products are supporting the market in the region.
Key Players:
The key players operating in the superabsorbent polymers market include 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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Key questions answered in the report-
• Which are the high-growth market segments based on type, application, sector, and geography?
• What was the historical market for superabsorbent polymers market?
• What are the market forecasts and estimates for the period 2023–2030?
• What are the major drivers, restraints, opportunities, challenges, and trends in the superabsorbent polymers market?
• Who are the major players, and what shares do they hold in the superabsorbent polymers market?
• How is the competitive landscape in the superabsorbent polymers market?
• What are the recent developments in the superabsorbent polymers market?
• What are the different strategies adopted by the major players in the superabsorbent polymers market?
• What are the key geographic trends, and which are the high-growth countries?
• Who are the local emerging players in the global superabsorbent polymers market, and how do they compete with the other players?
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