Super Absorbent Polymer Market Demand | Global Forecasts and Trends Research Report
Super absorbent polymer Market – Market Overview:
Super absorbent polymers market demand
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 Demand 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.
Super absorbent
polymer Market- Competitive Landscape:
The global super absorbent polymer
Market 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 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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