NEW YORK, June 10, 2021 /PRNewswire/ -- The
global super absorbent polymers market size is expected
to reach USD 14.67 billion by
2028 according to a new study conducted by Polaris
Market Research. the market is anticipated to register a
CAGR: 6.1% from 2021 – 2028. Growing awareness
regarding the hygiene of infants driving demand for baby diapers,
which in turn contributing to the exponential market growth. In
addition to this, the rapidly growing aged population in several
countries such as Greece,
Japan, and Italy boosting the penetration of adult
diapers, augmenting the overall market development. Increasing
government initiatives to promote the use of super absorbent
polymer in water-scarce regions, owing to its key property of water
retention, making it ideal for agricultural products. Moreover, a
rise in disposable income coupled with increasing spending on
personal care products further driving the market growth.
Request For a Sample Report:
https://www.polarismarketresearch.com/industry-analysis/global-super-absorbent-polymer-sap-market/request-for-sample
Key Highlights from the Report:
- Based on type, the sodium polyacrylate segment
dominated the market in terms of volume and is projected to retain
its dominance over the forecast period. The segment's growth is
attributed to its rising use in making personal hygiene
products.
- In terms of application, the baby diapers segment
accounted largest revenue share, on account of increasing
awareness regarding baby hygiene coupled with a huge rise in
birth rate across the globe.
- Nippon Shokubai Co., Ltd., headquartered in Japan and a leading chemical
manufacturer, has successfully developed a novel
superabsorbent polymer having a high level of super-fast-drying
absorption property.
COVID-19 Impact
The global super absorbent polymer market has experienced
substantial growth for the last several years. However, the
outbreak of COVID-19 harmed the market due to the low
efficiency of production amid lockdown restrictions. On the other
side, hygiene and medical solutions & products are highly
demanded on the surge of COVID-19 cases globally, resulting in a
positive impact on the market. Super absorbent polymers find wide
application in the manufacturing of wipes and diapers that have
tremendous demand in medical facilities.
Regional Developments
Asia-Pacific emerged as the
most promising super absorbent polymer market and is anticipated to
dominate the market during the forecast period. This region's
rapid growth can be attributed to rising demand for personal
hygiene products and increasing agricultural activities. The
regional market of Europe is one
of the leading revenue contributors on account of changing
lifestyles and the rapidly evolving e-commerce sector in the
region.
Have Any Query Or Specific Requirement? Feel Free To Ask Our
Industry Experts At :
https://www.polarismarketresearch.com/industry-analysis/global-super-absorbent-polymer-sap-market/speak-to-analyst
Competitive Outlook
Leading companies are emphasizing strengthening their foothold
and increasing market penetration. They are also working hard to
grow their network, developing high-quality products, and expanding
their business in different regions. Key players operating in the
super absorbent polymer market BASF (Germany), Nippon Shokubai (Japan), Evonik (Germany), LG Chem (South Korea), SDP Global (Japan), Formosa (Taiwan), Yixing
Danson (China), Satellite
Science & Technology Co., Ltd. (China), Sumitomo (Japan), and Kao Corporation (Japan). The market is highly concentrated
and focusing on gaining a competitive edge through mergers,
partnerships, acquisitions, etc. German company Evonik acquired
Porocel Group, a U.S.-based company for USD
210 million, in the year 2020. It enables the organization
to expand the catalysts portfolio and boost the catalyst business
segment.
Target Audience
- Supply Side: Chemical and Cosmetics Company
- Demand Side: Hospitals, Agriculture Applications,
Household Use
- Regulatory Side: Food and Drug Administration (FDA)
Ask For Discount Before Purchasing This Business Report @
https://www.polarismarketresearch.com/industry-analysis/global-super-absorbent-polymer-sap-market/request-for-discount-pricing
Polaris Market Research has segmented the super absorbent
polymer market report on the basis of type, application, and
region:
Super Absorbent Polymers, Type Outlook (Revenue – USD
Million, 2016 – 2028)
- Sodium Polyacrylate
- Polyacrylate/Polyacrylamide, Copolymers
- Others
Super Absorbent Polymers, Application Outlook (Revenue – USD
Million, 2016 – 2028)
- Agriculture
- Baby Diapers
- Adult Incontinence Products
- Female Hygiene Products
- Others
Super Absorbent Polymers, by Regional Outlook (Revenue – USD
Million, 2016 – 2028)
- North America
-
- Europe
-
- France
- Germany
- UK
- Italy
- Spain
- Netherlands
- Austria
- Asia Pacific
-
- Japan
- China
- India
- Malaysia
- Indonesia
- South Korea
- Latin America
-
- Middle East & Africa
-
- Saudi Arabia
- UAE
- Israel
- South Africa
Find more research reports on Chemicals and
Materials by PMR
Polyurethane Foam Market Share, Size, Trends, Industry
Analysis Report, By Product; By End-Use (Automotive, Packaging,
Electrical & Electronics, Furniture & Furnishing, Building
& Construction, Footwear, Others); By Density Composition; By
Regions; Segment Forecast, 2021 – 2028
Alkyl Polyglucoside Market Share, Size, Trends, Industry
Analysis Report, By Product (Coco, Lauryl, Decyl, Capryl); By
Functionality (Cleansing Agent, Emulsifying Agent, Wetting Agent,
Degreasing Agent, Solubilizing Agent, Hydrotope, Foaming Agent); By
Application; By Regions; Segment Forecast, 2020 – 2027
Bio-based Epoxy Resins Market Share, Size, Trends,
Industry Analysis Report, By Ingredient (Vegetable, Glycerol,
Canola, Hemp, Soyabean Oil, Plant Oils, Others); By Application
(Coatings, Electronics, Adhesives, Food Industry, Composites,
Others); By Regions; Segment Forecast, 2020 – 2027
About Polaris Market Research
Polaris Market Research is a global market research and
consulting company. The company specializes in providing
exceptional market intelligence and in-depth business research
services for our clientele spread across different enterprises. We
at Polaris are obliged to serve our diverse customer base present
across the industries of healthcare, technology, semi-conductors
and chemicals among various other industries present around the
world. We strive to provide our customers with updated information
on innovative technologies, high growth markets, emerging business
environments and latest business-centric applications, thereby
helping them always to make informed decisions and leverage new
opportunities. Adept with a highly competent, experienced and
extremely qualified team of experts comprising SMEs, analysts and
consultants, we at Polaris endeavor to deliver value-added business
solutions to our customers.
Contact Us:
Likhil G
30 Wall Street
8th Floor,
New York City, NY 10005,
United
States
Phone: +1-917-985-9017
Email: sales@polarismarketresearch.com
Web: https://www.polarismarketresearch.com/
Follow US: LinkedIn | twitter
View original
content:http://www.prnewswire.com/news-releases/super-absorbent-polymers-market-size-worth-14-67-billion-by-2028--cagr-6-1-polaris-market-research-301309968.html
SOURCE Polaris Market Research