Super Absorbent Polymer Market Demand | Status and Outlook, Industry Growth Rate, Opportunities and Challenges to 2030
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 demand 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 demand
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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