The post Super Absorbent Polymers Market Deployment to Acquire a Value of US$ 9.7 Billion By 2032 appeared first on Newstrail.com authored by Fact.MR

The global super Absorbent Polymers (SAP) market is expected to reach US$ 6 Bn in 2022, at a CAGR of 4.9% during the forecast period (2022-2032). The overall sales of super absorbent polymers are projected to top US$ 9.7 Bn by 2032.

Increasing application of super absorbent polymers in the production of hygiene and personal care products is likely to contribute to the growth in the market. In addition to this, growing awareness regarding feminine hygiene and demand for diapers globally is projected to propel demand for super absorbent polymers. Super absorbent polymers are known to have high absorption capacity in drought conditions. They are also increasingly used in healthcare industry as SAPs are tested in saline solutions. This is likely to surge the application of super absorbent polymers in agricultural and healthcare sectors.

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Further, super absorbent polymers are extensively used for soil stabilization and flocculation of suspended particles in industrial sector. This is estimated to bolster the growth in the market.

Growing demand for eco-friendly products, such as bio-based super absorbent polymers, to lower the impact on the environment is predicted to aid the demand in the market. Subsequently, SAPs are used to substitute petrochemical-based polymers, such as sodium polyacrylate and potassium polyacrylate, which are used in disposable diapers.

Backed by these aforementioned factors, the demand for super absorbent polymers is likely to create lucrative avenues for the growth in the market.

Key Takeaways:

• Asia Pacific super absorbent polymers market is expected to witness fastest growth owing to expansion of fast-moving consumer goods (FMCG) industry in India and China.
• The U.S. SAP market is anticipated to account for nearly 22% demand share in the global market.
• East Asia and South Asia & Oceania are expected to create absolute $ opportunity of US$ 830 Mn and US$ 627 Mn, respectively.
• Based on application, the hygiene and personal care segments is likely to dominate the market, creating absolute $ opportunity of US$ 3.2 Bn by 2032.
• In terms of type, the petroleum-based super absorbent polymers segment to hold 92% of the market share due to stringent regulations against the application of single-use plastic.

Growth Drivers:

• Surging investments for the development of renewable materials such as super absorbent polymers will create lucrative opportunities for the market.
• Increasing usage of urinary incontinence products among geriatric populations is expected to fuel the demand for super absorbent polymers.

Competitive Analysis

According to Fact.MR major players including BASE SE, Chase Corp, and Chemtex Speciality Limited are projected to account for nearly 35% of the market share.

Key players are focusing on strengthening their global footprint by advancing their product portfolio and improving their manufacturing processes. Furthermore, these companies are also adopting new approaches such as collaborations, partnerships, and acquisitions to strengthen their global presence.

For instance,

• March 2021: BASF invested almost US$ 30 Mn for building a superabsorbent excellence facility in Antwerp, Belgium. This facility will help the organization update its product portfolio.
• February 2021: Chase Corp acquired Emerging Technologies in order to expand its footprint across the entire super absorbent business.

Key Pioneers

• BASF SE
• Chase Corp
• Chemtex Speciality Limited
• Evonik Industries AG
• Gel Frost Packs Kalyani Enterprises
• LG Chem
• Nippon Shokubai Co. Ltd
• Sanyo Chemical Industries Ltd
• Songwon
• Sumitomo Seika Chemicals Co. Ltd
• Wanhua Chemical Group Co. Ltd
• Demi
• NSB Polymers
• M2 Polymer Technologies

More Valuable Insights on Super Absorbent Polymers Market

Fact.MR, in its report, offers a market analysis on the global super absorbent polymers market providing unbiased analysis for the forecast period of 2022 to 2032. This survey also reveals the growth of technology in the super absorbent polymers market with detailed segmentation as follows:

By Type:

• Petroleum-based Superabsorbent Polymers
  • Sodium Polyacrylate
  • Polyacrylamide Copolymer
• Non-petroleum-based Superabsorbent Polymers

By Grade:

• Standard Grade Superabsorbent Polymers
  • Virgin
  • Reclaimed
• Medical Grade Superabsorbent Polymers
• Food/Agricultural Grade Superabsorbent Polymers

By Application:

• Hygiene & Personal Care Products
  • Baby Diapers
  • Adult Diapers
  • Feminine Hygiene Products
    • Sanitary Napkins
    • Under Pads
    • Wet Wipes
• Agriculture
  • Drought Resistance
  • Nutrient and Water Preservation
• Industrial
  • Desiccation
  • Water Swellable Tapes
  • Spill Control
  • Others
• Medical
  • Wound Care
    • Traditional Wound Care
    • Advanced Wound Care
  • Medical Waste Control
  • Others

By Region:

• North America
• Latin America
• Europe
• East Asia
• South Asia & Oceania
• Middle East & Africa

Key Questions Covered in the Super Absorbent Polymers Market Report

• Who are the players leading in the global super absorbent polymers market?
• Which region is expected to dominate the global super absorbent polymers market?
• What is the estimated market revenue of super absorbent polymers market in 2022?
• Which are the factors challenging the growth of the global super absorbent polymers market?
• What is the estimated revenue share of global super absorbent polymers market during the forecast period (2022-2032)?

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