Global Super Absorbent Polymers (SAP) Market is Expected to Witness Prolific Demand: Projected to Grow at a CAGR of 6.5% in the Forecast Period
Published | 18 August 2021
The growing demand for baby and adult diapers, along with personal hygiene products, are contributing to the growth of the global super absorbent polymers (SAP) market. The use of super absorbent polymers in agricultural applications is also powering the market growth.
A recent study conducted by the strategic consulting and market research firm BlueWeave Consulting revealed that the global super absorbent polymers (SAP) market was worth USD 8.8 billion in the year 2020. The market is estimated to grow at a CAGR of 6.5%, earning revenue of around USD 13.7 billion by the end of 2027. The growth of the global super absorbent polymers (SAP) market can be attributed to the rising demand for infant and adult diapers as a result of the rising birth rate and decreasing death rate. Moreover, the growing demand for personal hygiene products is also favoring the market growth. However,the market growth is threatened by limited growth opportunities in developed regions like North America and Europe, and by a rapid shift towards eco-friendly hygiene products like menstrual cups.
Increasing Use of Super Absorbent Polymers in Agriculture
The application of super absorbent polymers (SAP) in agriculture is increasing at an accelerated pace. SAP offers a wide range of applications in not only agriculture but also in forestry, industrial planting, municipal gardening, drought management, water conservation, etc.The usefulness of this material is that it reduces soil erosion by surface runoffs, inhibits fertilizer and pesticide leaching into the groundwater, reduces irrigation costs, and increases the chances of plant survival and yield. Thus, the market for super absorbent polymers is flourishing due to their wide range of benefits.
Growing ConcernAbout Personal Hygiene Is Creating Growth Opportunities for The Global Super Absorbent Polymers (SAP) Market
Personal hygiene products like sanitary napkins are significantly contributing to the growth of the global super absorbent polymers (SAP) market. With an ever-increasing population of menstruating women, the demand for such products is surging, resulting in an increase in the use of super absorbent polymers. Furthermore, both the government and organizations including non-profits are taking steps to remove the stigma associated with menstruation and the use of sanitary napkins. These factors are expected to create enormous growth opportunities for manufacturers of super absorbent polymers (SAP), which in turn is expected to drive the growth of the global super absorbent polymers (SAP) market.
Request For Free Sample Report @ https://www.blueweaveconsulting.com/report/global-super-absorbent-polymers-sap-market/report-sample
Global Super Absorbent Polymers (SAP) Market - By Application
Based on applications, the global super absorbent polymers (SAP) market is categorized into personal hygiene, agriculture, medical, industrial, and others. The personal hygiene segment accounts for the largest market share because of the high demand for baby diapers, adult diapers, and sanitary napkins around the world. The demand for baby diapers is highest and is projected to witness the highest CAGR during the forecast period, followed by sanitary napkins. Additionally, the application of super absorbents polymers is also gaining significant traction in agriculture as it helps in reducing soil erosion as well as the cost of water and irrigation.
Global Super Absorbent Polymers (SAP) Market - Regional Insights
Geographically, the global super absorbent polymers (SAP) market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle-East & Africa. Among all the regions, North America holds the largest market share. However, the Asia-Pacific region is projected to witness the highest CAGR during the forecast period and it may also overtake North America as the leading market. Moreover, developing countries like India and China are emerging as potential markets because of high population growth and the increasing birth rate. According to UNICEF, there are 67,385 babies born in India every day, which creates huge growth opportunities for super absorbent polymers.
Impact of COVID-19 on the Global Super Absorbent Polymers (SAP) Market
The global super absorbent polymers (SAP) market was negatively affected by the COVID-19 and the pandemic. Various countries imposed complete lockdown in their countries to curb the spread of the virus. The shortage of raw materials and insufficient labor force led to a significant decline in production. The market was hindered due to the disruption in the distribution channels. Although diapers and sanitary napkins were categorized under essential commodities during COVID-19, the low production in factories and panic hoarding created acute shortages of such products in the market, due to which the manufacturers had to face severe losses.
The leading market players in the global super absorbent polymers (SAP) market are Wanhua Chemical Group Co. Ltd, BASF SE, Sumitomo Seika Chemicals Co. Ltd, Chase Corp, Songwon, ChemtexSpeciality Limited, Sanyo Chemical Industries Ltd, Evonik Industries AG, Nippon Shokubai Co. Ltd., Gel Frost Packs Kalyani Enterprises, LG Chem, Kao Corporation, Xitao Polymer Co. Ltd., Zhejiang Satellite Petrochemical Co., Ltd., SDP Global, Formosa Plastics Corp., Chinafloc, Yixing Danson Technology, M2 Polymer Technologies, and other prominent players.
To gain a competitive advantage, industry players invest huge amounts in R&D activities to improve their products and expand their offerings. Companies are also increasingly focusing on emerging economies by improving their distribution channels and establishing plants there. Furthermore, the adoption of competitive strategies like mergers, partnerships, acquisitions, collaborations, etc., is also very prominent in this market.
Don’t miss the business opportunity of the global super absorbent polymers (SAP) market. Consult our analysts to gain crucial insights and facilitate your business growth.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of the global super absorbent polymers (SAP) market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends of the global super absorbent polymers (SAP) market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyses the growth drivers, challenges, and competitive dynamics of the market.
BlueWeave Consulting provides comprehensive Market Intelligence (MI) Solutions to businesses regarding various products and services online and offline. We offer all-inclusive market research reports by analyzing both qualitative and quantitative data to boost up the performance of your business solutions. BWC has built its reputation from the scratch by delivering quality inputs and nourishing long-lasting relationships with its clients. We are one of the promising digital MI solutions companies providing agile assistance to make your business endeavors successful.
BlueWeave Consulting & Research Pvt. Ltd
+1 866 658 6826 | +1 425 320 4776 | +44 1865 60 0662
- Global Super Absorbent Polymers (SAP) Market, By Type (Sodium Polyacrylate, Polyacrylate/Polyacrylamide Copolymer, Others), By Application (Personal Hygiene, Agriculture, Medical, Industrial, Others), By Region (North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle-East & Africa (MEA) Trend Analysis, Competitive Market Share & Forecast, 2017-2027
Publish Date: August 2021
Global superabsorbent polymers (SAP) market is expanding at a rapid rate, owing to the rising demand for diapers as a result of rising birth rates and a growing geriatric population. The increased awareness of menstrual hygiene and feminine hygiene product demand is also driving the market growth.
Relevant Press Releases
- Rising demand of low power consumption and energy efficient devices will boost the Silicon Carbide Wafer Market
- Global Hydroxypropyl Methylcellulose (HPMC) Market Size Set to Touch USD 6.27 Billion by 2029
- Global Amorphous Polyalphaolefin (APAO) Market Size Expands at CAGR of 6.9% to Reach USD 612.32 Million by 2029
- Global Barrier Resin Market is Thriving—Projected to Reach worth USD 17.7 Billion in 2027
- India Crop Protection Chemicals Market to Expand at Steady CAGR of 4.8% During 2023–2029