Increasing awareness of healthcare and personal hygiene among people around the world is one of the key factors enabling the growth of the global superabsorbent polymer (SAP) market. According to an analysis by Future Market Insights (FMI), the market is expected to grow at a CAGR of 4.8% between 2021 and 2031.
The chemical industry has recorded significant growth in the last few years and is expected to continue to grow in the near future. Due to the expanding use of superabsorbent polymers in the medical and agricultural fields, the SAP market is expected to reach a valuation of US $ 9.18 billion in 2021.
Increasing demand for superabsorbent polymers in the chemical field will drive growth from 2021 to 2031. North America, Europe and East Asia are the major markets for superabsorbent polymers. Of these, East Asia is expected to occupy more than 28.5% of the market by 2031 and maintain its superiority.
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Super absorbent polymers (also known as hydrogels) are heavy, sparsely crosslinked polymer chains formed during the process of polymerizing acrylic acid with sodium acrylate / acrylamide.
Due to its excellent absorbency, it is used in women’s hygiene products and diapers. It is also used to moisturize soil in the fields of construction, packaging and agriculture.
Key points of the superabsorbent polymer market survey-Superabsorbent polymer
sales continue to grow in the United States and are expected to account for more than 80% of the North American market in 2021
-British disposable diapers and adult incontinence products Due to the increase in applications such as, sales are expected to increase by 3.7% in 2021.
–Germany, France and Russia will continue to be favorable pockets for sales within Europe.
――In East Asia, China will be the largest SAP sales, while Japan and South Korea will show a gradual increase in demand.
–Applications to disposable diapers are expected to account for 76.1% of SAP’s sales in 2021.
“The growing awareness of healthcare and personal hygiene products is expected to spur sales of superabsorbent polymers,” said FMI’s lead analyst.
Superabsorbent polymer market (by
product type by category-
polyacrylate-polyacrylamide copolymer- by
-adult incontinence materials-
sanitary materials for women
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High water absorption resin market. Insights from entrants
Major manufacturers in the highly water-absorbent resin market are Nippon Shokubai Co., Ltd., BASF SE, Evonik Industries AG, Sanyo Chemical Industries, Ltd., Yixing Danson Technology, LG Chemicals Ltd, Sumitomo Seika Co., Ltd., Kao Co., Ltd., Nippon Shokubai Co., Ltd. , Nippon Shokubai Co., Ltd., Hitachi, Ltd., Hitachi, Ltd. Kao Corporation In order to increase its competitiveness, it is focusing on strengthening its product portfolio and expanding the market size by acquiring small and medium-sized enterprises.
What is the impact of the COVID-19 crisis on the highly water-absorbent resin market?
Global markets have been affected by mandatory lockdowns in many countries. During the pandemic, transportation-related delays due to manufacturing and travel restrictions created challenges for the market. These factors have had a negative impact on the market.
In this way, the market for highly water-absorbent resins has been locked down in several countries during the COVID-19 epidemic, and growth has been restricted due to reduced manufacturing efficiency due to labor shortages. Did.
Meanwhile, the worldwide increase in COVID-19 infections has increased demand for hygiene and medical supplies and solutions. Superabsorbent polymers are commonly used in the manufacture of diapers and baby wipes, and hospital demand has increased during pandemics.
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Future Market Insights, an ESOMAR accredited market research institute, member of the Greater New York Chamber of Commerce, provides in-depth insights into the governing factors that drive market demand. It also discloses opportunities to drive market growth in various segments based on sources, applications, sales channels and end-uses over the next decade.
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