According to Fortune Business Insigths, The global superabsorbent polymers market size was valued at USD 5.82 billion in 2023. The market is projected to grow from USD 6.13 billion in 2024 to USD 9.69 billion by 2032 at a CAGR of 5.9% during the forecast period. Asia Pacific dominated the superabsorbent polymers market with a market share of 29.38% in 2023.
Superabsorbent Polymers (SAPs) are advanced polymeric networks composed of a variety of monomeric units such as sodium polyacrylate, polyacrylamide, and other specialized constituents. These innovative materials are poised to experience substantial market expansion due to the increasing consumer demand for personal care essentials, including baby diapers, adult incontinence products, and feminine hygiene items. Fortune Business Insights presents this information in their report titled "Global Superabsorbent Polymers Market, 2024–2032."
Sumitomo Seika Chemicals (Japan)
Nippon Shokubai (Japan)
Sanyo Chemical/SDP Global (Japan)
BASF (Germany)
Evonik (Germany)
LG Chem (South Korea)
Taiwan Plastics (Taiwan)
Yixing Danson (China)
Satellite Science & Technology (China)
Shenghong Holding Group (China)
Quan Zhou Technology (China)
Sodium Polyacrylate Dominates Market Fueled by Growing Demand in Personal Hygiene
By type, the market is segmented into sodium polyacrylate, polyacrylamide, and others. Sodium polyacrylate has emerged as a dominant force in the market, capturing a substantial share due to its heightened demand in personal hygiene and medical applications. The product boasts exceptional absorption properties while also providing protection against skin irritation.
Personal Hygiene Segment Takes the Lead due to Rising Population and Health Awareness
By application, the market is segmented into personal hygiene, medical, agriculture, and others. The personal hygiene segment is poised to emerge as the frontrunner in the market due to growing population and heightened health consciousness among individuals propelling the demand for a wide range of personal hygiene products. This includes baby diapers, feminine sanitary napkins, adult incontinence products, and similar items.
From the regional ground, the market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
The report offers:
Major growth drivers, restraining factors, opportunities, and potential challenges for the market.
Comprehensive insights into regional developments.
List of major industry players.
Key strategies adopted by the market players.
Latest industry developments include product launches, partnerships, mergers, and acquisitions.
Surging Pediatric Population Fuels Demand for Hygiene Products
The utilization of SAP in the manufacturing of baby diapers takes precedence among all hygiene products, primarily due to a significant rise in the pediatric population. Projections from the World Bank Group indicate that the population within the age group of 0 to 14 is expected to reach 2.08 billion by 2050. This substantial growth in population is anticipated to drive an increased demand for personal hygiene products, thereby fueling the market growth.
However, declining population growth in some countries due to low fertility rate may stifle the superabsorbent polymers market growth.
Asia Pacific Takes the Lead with Strong Government Programs in Childcare and Women’s Health
Asia Pacific has emerged as the frontrunner, commanding the largest superabsorbent polymers market share. It is also projected to experience the highest CAGR due to the successful implementation of government programs focused on childcare and women's health in major economies such as China and India within the region.
North America exhibits a notable penetration of personal hygiene products within its population. Furthermore, the region's growing elderly population is expected to be a significant driver of market growth specifically for adult incontinence products in the foreseeable future.
Information Source: https://www.fortunebusinessinsights.com/superabsorbent-polymers-market-104602
Market Players Invest in R&D to Focus on Prioritizing Sustainability
Major industry players are actively investing in research and development endeavors to produce products using bio-based raw materials, aiming to minimize their environmental impact. Additionally, these market players are collaborating to incorporate recycled materials into the manufacturing process, further promoting sustainability within the SAP market.
October 2024: BASF announced the completion of the capability upgradation for Superabsorbent Polymers in North America. The company invested USD 19.2 million to enhance the efficiency and expansion of its SAP facility in North America. The move is anticipated to support the company’s growth in North America and meet developing trends in the market.
August 2024: Nippon Shokubai announced its plan of expansion of superabsorbent polymer in Indonesia. The plan is to build a plant for superabsorbent polymers manufacturing with capacity of 50,000/year. The move is part of its strategy to take advantages of its strength from the vertically integrated production from AA to SAP to meet the strong demand growth in Asian region and the expectation for synergistic effect with the existing plant.