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.
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Superabsorbent Polymers Market Share Analysis &
Competitive Landscape 2032
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."
Tariff Impact Analysis for Superabsorbent polymers
Market: https://www.fortunebusinessinsights.com/enquiry/sample/super
absorbent-polymers-market-104602
Major Players Profiled in the Report:
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)
Segments
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.
Superabsorbent Polymers (SAPs) are polymeric networks made of different
monomeric units, including sodium polyacrylate, polyacrylamide, and other
monomers. SAP absorbs up to 300 to 500 times of aqueous fluids compared to their
weight. They are mainly used in fluid absorption applications such as personal
hygiene, medicine, and agriculture. Rising demand for personal hygiene products,
including baby diapers, adult incontinence, and feminine hygiene products, is
expected to drive the market growth.
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.
Report Coverage:
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.
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Key strategies adopted by the market players.
Latest industry developments include product launches, partnerships,
mergers, and acquisitions.
Drivers and Restraints
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.
Regional Insights
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
Competitive Landscape
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.
Key Industry Development
March 2022: Nippon Shokubai announced that it will increase the prices of
its superabsorbent polymers products with immediate effect.