The super absorbent polymers market is expected to grow at a CAGR of 6.3% to reach USD 13.2 billion by 2030 from USD 8.7 billion in 2023. The market research report presents a complete judgment of the market through strategic insights on future trends, super absorbent polymers market size, share, growth factors, supplier landscape, demand landscape, Y-o-Y growth rate, CAGR, pricing analysis. The market growth is driven by various factors, including the significant demand from healthcare industry.
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Super Absorbent Polymers (SAP) Companies
The key global players in the super absorbent polymers market, such as Nippon Shokubai (Japan), BASF (Germany), Evonik Industries (Germany), Sumitomo Seika (Japan), LG Chem (South Korea), Chase Corporation (US), Formosa Plastic Corporation (Taiwan), Kao Corporation (Japan), Satellite Science & Technology Co., Ltd. (China), SDP Global (Japan), Yixing Danson Technology (China) have a strong foothold in their respective regions and are exploring geographic diversification options to expand their businesses. They are focusing on increasing their market shares through new product launches and expansions.
Nippon Shokubai
Nippon Shokubai is one of the leading global chemical manufacturers of materials and solutions. The company offers super absorbent polymers, acrylic acid, process catalyst, unsaturated polyester resins, maleic anhydride, benzonitrile, ethylene oxide, and specialty methacrylate. It operates in three business segments, namely, basic chemicals, functional chemicals, and environment & catalysts. The company offers super absorbent polymers under functional chemicals business segment. The company has operations in Asia, Europe, and North America and manufacturing facilities in Japan, Taiwan, Singapore, China, Korea, Belgium, and the US.
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BASF
BASF is one of the leading companies in the super absorbent polymers market, globally. The company operates through six business segments, namely, chemicals, materials, industrial solutions, surface technologies, nutrition & care, agricultural solutions, and others. It offers super absorbent polymers through its chemicals business segment. The company’s super absorbent polymers are used in incontinence products, baby diapers, and feminine hygiene products. BASF is developing super absorbent polymers with innovative properties, enabling its customers to design new generations of diapers and hygiene products. With the company’s global production footprint and state-of-the-art research & technical service facilities, BASF is one of the leading players in the global hygiene industry. The company has operations in Asia Pacific, Americas, Europe, and the Middle East & Africa.
“Sodium Polyacrylate is projected to be the largest type of super absorbent polymers, in terms of value, during the forecast period.”
Sodium polyacrylate is the largest type of super absorbent polymer due to its ability to absorb 100 to 1000 times its mass in water. t is a cross-linked polymer that contains sodium atoms and absorbs water through a process called osmosis. When dissolved in water, it forms a thick and transparent solution due to the ionic interactions of the molecules. The cross-links that connect the chains together prevent them from dissolving or breaking apart in the water, allowing sodium polyacrylate to absorb large amounts of water.
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“Agriculture is the fastest growing application of the super absorbent polymers, in terms of value.”
Agriculture is the fastest-growing application of super absorbent polymers market. Super absorbent polymers can improve the fertility and water holding capacity of soil, which is essential for sustainable agriculture and crop production. These polymers can help retain water in the soil, providing a reliable water source for plants during droughts, which is crucial for maintaining crop health and yield.
“Asia Pacific captures the largest share in the super absorbent polymers market during the forecast period, in terms of value.”
Asia Pacific is the largest market for super absorbent polymers due to several factors. The region has the largest consumption of super absorbent polymers, with China, India and Japan being the major contributors. The increasing demand for personal care products and agricultural products in the region is driving the growth of the super absorbent polymers market. The region's economic expansion is also a significant contributor to the expansion of the global super absorbent polymers market.
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