In 2014, the super absorbent
polymers market was worth USD 7.00 billion. Baby diapers are the largest
application segment for global super absorbent polymers market. The market is
expected to grow significantly on account of factors such as increasing demand
of baby diapers over the forecast period. Super absorbent polymers are
cross-linked homo polymers which possess the ability to retain and absorb
massive amount of liquid compared to their weight.
Industries other than personal
care & hygiene are increasingly adopting super absorbent polymers. This is
expected to benefit the global industry over the forecast period. Increasing
disposable income levels in the developing nations have led to greater demand
for the personal care and hygiene products such as adult incontinence products,
female sanitary napkins and baby diapers. Such a tendency is expected to aid
the global super absorbent polymers market.
In depth research report on Super Absorbent Polymers
Market
Baby diapers accounted for the largest application segment with a market share of over 70% in 2014. Increase in global demand for baby diapers, particularly in the emerging nations such as China, India and Brazil is projected to be the major driving factor for dominance of the segment. Applications in agriculture segment are projected to witness the highest growth rate, at an estimated CAGR of 6.6% from 2015 to 2022. Super absorbent polymers are utilized for water preservation in agricultural applications, predominantly in regions with water shortage. These polymers also intensify crop yield, improve water usage efficiency and develop improved soil properties. Such factors are forecasted to drive the demand for global industry over the forecast period.
Europe accounted for over 30%
of the global super absorbent polymers in 2014 and is expected to continue this
governance over the forecast period. However, emerging economies such as Latin
America and Asia Pacific are supposed to witness a sharp growth rate over the
next seven years. Countries such as India, Brazil and China are expected to
lead their regional markets on account of growing awareness, increasing
population and rising disposable income levels.
Global super absorbent polymers
market is amalgamated with few companies leading the market and is
characterized by high threat of new entrants. Major industry participants
include BASF SE, Evonik Industries AG and Nippon Shokubai. These companies have
taken numerous tactical initiatives with the purpose to enhance their product
portfolios, production capability and increase their market share. Other
companies such as Sumitomo Seika Chemicals Co. Ltd., LG Chemical Co., SDP
Global Co. Ltd., Songwon Industrial Co. Ltd., Yixing Danson Technology, Formosa
Plastics Corporation and KAO Corporation are taking ardent steps to gain
competitive advantage, increase their product line and increase their
percentage revenue share.
Grand View Research has
segmented the super absorbent polymers market on the basis of application and
region:
Global Super Absorbent Polymers Application Outlook
(Volume, Kilo Tons; Revenue, USD Million, 2012 - 2022)
•
Agriculture
•
Baby Diapers
•
Adult Incontinence Products
•
Female Hygiene Products
•
Others
Global Super Absorbent Polymers Regional Outlook (Volume,
Kilo Tons; Revenue, USD Million, 2012 - 2022)
•
North America
o
U.S
•
Europe
o
Germany
o
France
o
UK
•
Asia PacificCentral & South
America
o
India
o
China
o
Japan
•
Middle East and Africa
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