Super Absorbent Polymer Market Introduction:
Super Absorbent Polymers 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.
Super Absorbent Molymer 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.
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Super Absorbent Polymer Market Key Players:
Super Absorbent Polymer Market Players are: NIPPON SHOKUBAI CO. LTD (Japan), SUMITOMO SEIKA CHEMICALS CO. LTD. (Japan), Yixing Danson Technology (China), BASF SE (Germany), Formosa Plastics Corporation (Taiwan), Kao Corporation (Japan), Evonik Industries AG (Germany), LG Chem (South Korea), SONGWON (South Korea), Sanyo Chemical Industries Ltd. (Japan) among others.
Super Absorbent Polymer Market Segmentation:
Super Absorbent Polymer Market is categorized based on type, end use, and regions. Based on type, the market is segmented into polyacrylamide copolymer, sodium polyacrylate, and others. Based on end use, the market is classified into personal care, building & construction, agriculture, food packaging, and others. Other end use includes entertainment, healthcare, and electrical. Based on regions, the market is classified into Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa.
Super Absorbent Polymer Market Application:
Super Absorbent Polymer Market includes technological advancement, constant urbanization, and superior growth of agriculture sector. Increasing use in agricultural activities coupled with rising demand for high quality crop production is expected to drive the growth of the market over the assessment period. Furthermore, increase in the consumption as seed coating and root dipping material due to growing awareness among farmers related to the effects of superabsorbent soil polymers on crop yield is estimated to propel the growth of the market.
Super Absorbent Polymer in the applications such as agriculture, personal care, construction materials, food packaging, sensor systems and others. As per the analysis, agriculture is one the leasing application in terms of demand, followed by personal care. In personal care, the major market has been covered by disposable infant diapers and seeing the demand of this product, the global market can achieve a higher growth in near future. Additionally, the rising agriculture industry is also the major reason behind this massive growth. Geographically, North America is the leading market followed by Europe and APAC. 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.
Super Absorbent Polymer Market can be segmented based on 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.
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Super Absorbent Polymer Market Regional Analysis:
Super absorbent polymer market is categorized into five regions, Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa. The Asia Pacific region is expected to grow with the highest CAGR during the assessment period, (2018 to 2023) owing to expansion of numerous end use industries such as building & construction and agriculture among others.
The demand for super absorbent polymer is expected to surge in the various countries of Asia Pacific such as China, India, Japan, Thailand, South Korea, and Malaysia because of approval of large scale residential, commercial, as well as industrial construction projects. Moreover, rising number of working professionals along with increasing disposable income in emerging nations is predicted to drive the market growth. Furthermore, ease of availability of raw material, inexpensive labour & land cost, and rising development strategies to fulfil the demand for super absorbent in the rising applications are the important factors for the regional market growth.
Super Absorbent Polymer Market Competitive Landscape:
Super Absorbent Polymer Market is a highly lucrative market driven by flourishing demand for construction, 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 is projected to witness considerable competition over the forecast period of 2018-2023.
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