Super Absorbent Polymer Market Insight | Share, Growth, Industry Size, Key Players, Segments, Latest Trends and Forecast 2021-2027
Super absorbent polymer Market – Market Overview:
Super absorbent polymers insight are a special type of
polymer that has the ability to retain and absorb water and other aqueous
solutions. The absorbency of super absorbent polymer (SAP) depends on the
cross-linkers used in the manufacturing of the gel. Low density cross linked
super absorbent polymers has more absorbent capacity. The excellent absorbing
qualities of finds its way into many end user industries such as personal care,
building and construction, food packaging and others. The growing construction
in the developing region throughout the globe coupled with the increasing demand
from the agricultural sector are the major driver contributing to the market
growth. The global super absorbent polymer market can be segmented on the
basis of type and end-user industry. Among the end user industry personal care
is expected to be the dominant segment. The growing demand for super absorbent
polymers in diapers, female hygiene products, adult incontinence products and
similar application are significantly contributing to the growth of the
segment. In addition to the, agriculture is expected to be the fastest growing
segment during the forecast years.
According to the analysis of MRFR, the major market forces
and trends driving growth of the global Super
Absorbent Polymer Market Insight includes growing demand from agriculture
and personal care industry. Moreover, the growing population in the
developing nations has augmented the demand for agricultural produce which in
turn is expected to positively affect the market owing to its extensive use as
water conservation technique throughout the globe.
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Super absorbent polymer Market- Competitive
Landscape:
The global super absorbent polymer Market Insight is a
highly lucrative market driven by flourishing demand for contruction,
healthcare products along with the increasing use in the agricultural sector.
NIPPON SHOKUBAI CO., LTD (Japan), SUMITOMO SEIKA CHEMICALS CO., LTD. (Japan),
Yixing Danson Technology (China), BASF SE (Germany) among others are some of
the major players operating in this market. Most of these market participants
are adopting the expansion and product launch tactics to strengthen their
production capacities and market position. Taking account of these trends, the
global super absorbent polymer Market is projected to witness considerable
competition over the forecast period of 2017-2021.
Asia pacific is expected to be the fastest growing region
during the forecast years. The growing population in the developing countries
especially India and china has augmented the demand for personal care which is
a major factor driving the market in the region. Moreover, the presence of
agrarian economies such as India and China has further added to the market
demand owing to the growing use of super absorbent polymer as seed coating
material, root dipping and excellent water conservation technique among others.
Industry/ Innovation/ Related News:
30 May, 2017- Sumitomo Seika Chemicals co, Ltd, has decided
to expand their super absorbent polymer production facilities in South Korea.
They invested around 8 billion yen to increase their production capacity form
59000 ton per year to a total of 118000 tons a year. This expansion is expected
to stable the supply of super absorbent polymer in Asia Pacific thereby adding
to the market growth.
26 December, 2017- LG chem Ltd, is expected to increase their
production capacity of acrylic acid and super absorbent polymer by the end of
2019. They South Korean company invested 300 billion dollar for the same. The
production expansion is expected to increase the yield of super absorbent
polymer form 100000 tons per year to 500000 tons per year. This expansion is
anticipated to further surge the market of super absorbent polymers in the Asia
Pacific region.
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