Rising Urbanization to Benefit Superabsorbent Polymers Market in Emerging Economies
The global superabsorbent polymers market is benefitting with the increasing applications of superabsorbent polymers (SAPs) due to their high absorbing capacity. SAPs display properties to absorb and hold large volumes of water and aqueous solutions which make them ideal for water absorbing products such as baby nappies and adult incontinence pads.
With product development, today, superabsorbent polymers are composed of partially neutralized, lightly cross-linked polyacrylic acid that are high in performance and are cost-effective from the first product introduced in 1970s. Owing to their chemical composition, SAPs can absorb liquid several times their weight. Due to several positive factors, the superabsorbent polymers market is likely to clock a CAGR of 4.6% between 2017 and 2025.
Introduction of Bio-based Products to Open a Vista of Opportunities
Across several parts of the world, rising urbanization leading to the escalating demand for consumer products is benefitting the global superabsorbent polymers market. Over the past couple of decades, the demand for advanced quality SAP is on the rise that offer advanced absorbing capacities along with faster rate of absorption.
Among several applications, superabsorbent polymers find extensive application in personal care and hygiene products such as baby diapers and female hygiene products. Rise in birth rate, especially in developing and underdeveloped regions along with growing geriatric population are some key factors driving the superabsorbent polymers market. In addition, the widespread application of SAP for solidification of medical waste is likely to have a positive bearing on the demand for SAP.
Apart from this, superabsorbent polymers are essential component of sand bags that are useful during flooding. Sales of sand bags for flood situations is likely to stoke demand for superabsorbent polymers on a large scale.
Rising applications of SAP for water conservation in commercial crop production is anticipated to propel the demand for SAP in the coming years. In addition, rising use of SAP for landscaping of garden grass and golf courses is anticipated to favor the superabsorbent polymers market.
Furthermore, the development of bio-based superabsorbent polymers is likely to present unparalleled growth opportunities to the SAP market. Biodegradable SAPs are likely to overcome the shortcomings of synthetic SAPs such as long duration to decompose. Once commercialized, bio-based SAP is likely to provide high growth opportunities for manufacturers of superabsorbent polymers.
Uncertainty of Availability of Raw Materials Challenges Growth
Providing headwinds to the superabsorbent polymers market is fluctuating prices and uncertainty in availability of raw material used in the manufacture of SAP. In addition, stringent regulations especially in developed countries for the use of synthetic materials for healthcare use is challenging the growth of superabsorbent polymers market.
Nevertheless, rising urbanization coupled with increase in GDP in emerging economies is likely to offer new opportunities for manufacturers of superabsorbent polymers.
The global superabsorbent polymer market is studied on the basis of product type, application, and region. Sodium polyacrylate, polyacrylamide copolymer, and others are the key segments into which the superabsorbent polymers market is divided. Of them, sodium polyacrylate is predicted to remain the most lucrative segment in the years ahead.
Among the key application segments, disposable diapers is likely to dominate the market in the upcoming years. Adult incontinence products and agricultural products are also likely to account for significant application of SAPs in the future. Region-wise, North America and Europe are key markets for superabsorbent polymers due to widespread demand for baby diapers and feminine hygiene products.
Global Superabsorbent Polymer Market: Overview
The report on the global superabsorbent polymer market presents a comprehensive overview of factors influencing the growth of the said market over the forecast period between 2017 and 2025. The primary objective of the report is to serve as a reliable business decision making tool that market stockholders can leverage to make the best bet. The market has been analyzed based on revenue projections in US$ Mn and volume projections in Kilo tons. The report examines vital market dynamics such as demand drivers and restraints that can impact the superabsorbent polymer market between 2017 and 2025. The report also looks into growth trends and opportunities in the superabsorbent polymer market.
Included in the report is a value chain analysis and market attractiveness analysis of the superabsorbent polymer market. Standard analytical tools such as Porter’s five forces and SWOT analysis have been used to present feasibility and profitability of new ventures in this market. The report includes a detailed analysis of key segments, which includes market share and revenue estimations of these segments until the end of the forecast period in 2025.
Standard Industry-centric Research Methodologies Makes Report Reliable
The report on the superabsorbent polymer market has been compiled after extensive research. The primary research phase involved conducting extensive interviews with in industry experts, opinion leaders, industry players, distributors, and retailers. Data collected and collated in the primary research was also validated by industry experts in this phase. Data is validated using triangulation method, wherein primary and secondary analysis contributed to the final data. The primary research phase also involved market segmentation on the basis of product type, application, and region.
The secondary research phase included examining market trends and forecast, growth prospects across geographies, volume and historical trends, and growth forecasts. To present the report on the global superabsorbent polymers market, key sources tapped have been company annual reports_bk_01_01_2020, industry association publications, publications and presentations of superabsorbent polymer manufacturers, government websites, World Bank, EPA, and online paid databases.
In-depth Market Segmentation Offers Valuable Insights on Key Segments
Based on product type, the superabsorbent polymer market has been segregated into sodium polyacrylate, polyacrylamide copolymer, and others. In terms of application, the segments into which the superabsorbent polymer market is divided are disposable diapers, female hygiene products, adult incontinence products, agriculture products, and others. Geography-wise, the report takes stock of the potential of demand in North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa.
The report includes a dedicated chapter on competitive landscape. The details provided in this chapter helps market players formulate growth strategies to outperform their competitors. The first-hand information of growth trends in the superabsorbent polymer market is a highlight of the report.