Market Overview
The Global Super Absorbent Polymer Market holds a market value of
USD 10.5 billion in 2023 and is projected to show subsequent growth with
USD 19.2 billion at a
CAGR of 7.0% in the forthcoming period of 2023 to 2032.
This market deals with the production, distribution, & utilization of synthetic material that is specifically designed to absorb & contain large quantities of liquid relative to its mass. Super absorbent polymers are primarily used in products like disposable diapers, and adult incontinence products which are used for feminine hygiene products, agriculture operations, and medical operations.
Also, the rise in consumer consciousness regarding personal hygiene globally is one of the major reasons, which influence the growth of this market. This market serves every individual regardless of their age and gender, as personal hygiene products are one of the essential items at a certain age in their life and this consistent demand for these products creates a stable market ecosystem for the global super absorbent polymer market.
Market Dynamic
The global super absorbent polymer market shows many dynamic trends and factors that drive the growth of this market. The increasing awareness about personal hygiene among consumers is the prominent factor that is fueling the growth of this market. The rise in disposable income in the developing nation is another factor. Also, the growth of this market can be due to the advanced regions across the world which are showcasing a growth in disposable incomes.
Also, super absorbent polymer-based products like diapers, female hygiene products, & incontinence products driving the growth.
However, as this market is growing, challenges regarding the environment have started becoming more prominent, and that's why there is a rise in demand for environment-friendly super absorbent polymers.
Also, as there is growth in concerns about eco-friendly and biodegradable super-absorbent polymer products rising rapidly, this market is adapting to the need by introducing products that are environment-friendly & completely align with this issue giving new opportunities for market growth. Also, researchers are developing bio-based and biodegradable alternatives to the standard super absorbent polymers.
Research Scope and Analysis
By Type
In terms of type, the Global Super Absorbent Polymer Market is dominated by Sodium Polyacrylate as it holds 86.7% of the market share in 2023 and is projected to show subsequent growth in the forthcoming years as well. Sodium Polyacrylate is known for its water-observing properties that are useful in the manufacturing of different products like diapers & female hygiene products, which can absorb & retain a high volume of liquid relative to its mass, making it largely effective in moisture absorption.
As the population is increasing around the world the older population in many countries is also growing which is contributing to the need for adult incontinence products as it is highly absorbent and user-friendly. Sodium Polyacrylate has been strictly tested for safety & is generally considered safe for use. The regulatory policies & safety standards regarding the manufacturing & distribution of super absorbent polymer play a major role in maintaining & expanding the use of the material in a variety of consumer and healthcare products.
By Application
The dominance of personal hygiene in terms of application, in the Global Super Absorbent Polymer Market can be attributed to many factors, as it currently holds 66.2% of the market share in 2023 and is expected to show subsequent growth in the upcoming period as well. As personal hygiene products like diapers, sanitary pads, & adult incontinence products have a huge consumer base, they share a huge portion of the global super absorbent polymer market.
Rather than discretionary and luxury products, personal hygiene products are vital in daily life as people require them daily, ensuring a continuous and reliable demand for super-absorbent polymer. These days consumers prefer products that offer better absorption, leak protection & comfort. Also, the rise in sustainable and eco-friendly products drives the growth in the need for eco-friendly super-absorbent polymers which drives the major companies in this market to create bio-based & bio-degradable substitutes in place of standard super-absorbent polymers.
The Global Super Absorbent Polymer Market Report is segmented on the basis of the following:
By Type
- Sodium Polyacrylate
- Polyacrylate/Polyacrylamide
- Others
By Application
- Personal Hygiene
- Adult Incontinence Product
- Female Hygiene Products
- Baby Diapers
- Agriculture
- Medical
- Industrial
- Others
Regional Analysis
Asia-Pacific dominates the Global Super Absorbent Polymer Market as it holds 36.2% of the market share in 2023 and is anticipated to show subsequent growth in the upcoming years as well, as developing & developed Asian countries such as China, Japan, India, and South Korea are leading the growth in demand for baby products like diapers & female hygiene products which heavily depend on super absorbent polymers, as well-developed & advanced manufacturing ecosystem of this region is highly capable as it provides affordable production costs & cheap labor which makes this region an attractive hub for manufacturers of personal hygiene products.
Also, the growth in disposable income & better living standards in various Asian countries has led to a growth in consumer awareness about personal hygiene driving the need for enhanced absorbent polymer-based products. As for the regulatory & safety standards, this region provides a friendly & committed ecosystem that allows the quality and safety of super absorbent polymer products.
By Region
North America
Europe
- Germany
- The U.K.
- France
- Italy
- Russia
- Spain
- Benelux
- Nordic
- Rest of Europe
Asia-Pacific
- China
- Japan
- South Korea
- India
- ANZ
- ASEAN
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Argentina
- Colombia
- Rest of Latin America
Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
- Israel
- Egypt
- Rest of MEA
Competitive Landscape
The Global Super Absorbent Polymer Market experiences strong competition, with established market leaders, regional players and emerging startups to cater to the growing demand for personal hygiene products. In addition, many global companies are investing in this market to help healthcare providers & gain a major part of the rapidly expanding market, leading to strong competition within the industry. Also, key players in this market invest significantly in R&D and form strategic alliances or acquire smaller companies & startups to expand their product portfolios to gain a competitive edge over the others.
Some of the prominent players in the Global Super Absorbent Polymer Market are:
- BASF SE
- LG Chem
- Formosa Plastic Corporation
- SANYO CHEMICAL INDUSTRIES LTD
- SONGWON
- Evonik Industries AG
- KAO Corporation
- Nippon Shokubai Co. Ltd.
- Sumitomo Seika Chemical Co. Ltd.
- Yixing Danson Technology
- Other Key Players
COVID-19 Pandemic & Recession: Impact on the Global Super Absorbent Polymer Market
:The COVID-19 pandemic & the following economic recession had a major impact on the global super-absorbent polymer market, as the starting phase of the pandemic caused interruptions in supply & demand due to lockdowns & transport restrictions, which led to a halt in the production & distribution chain of these products. Also, in the starting phase, the market experienced a switch in consumer behavior as they started to store essential items like diapers & hygiene products, which created a little growth in demand for super-absorbent polymer products. Also, the impact of the pandemic on the economic recession had a mixed impact on this market, as there were some problems in the starting phase of COVID-19 & a shift in consumer behavior, the constant demand for polymer-based products helped this market in adapting & recovering to the changes.
Report Details
| Report Characteristics |
| Market Size (2023) |
USD 10.5 Bn |
| Forecast Value (2032) |
USD 19.2 Bn |
| CAGR (2023-2032) |
7.0% |
| Historical Data |
2017 - 2022 |
| Forecast Data |
2023 - 2032 |
| Base Year |
2022 |
| Estimate Year |
2023 |
| Report Coverage |
Market Revenue Estimation, Market Dynamics, Competitive Landscape, Growth Factors and etc. |
| Segments Covered |
By Type (Sodium Polyacrylate, Polyacrylate
/Polyacrylamide and Others), By Application
(Personal Hygiene, Agriculture, Medical, Industrial
and Others) |
| Regional Coverage |
North America – The US and Canada; Europe – Germany, The UK, France, Russia, Spain, Italy, Benelux, Nordic, & Rest of Europe; Asia- Pacific– China, Japan, South Korea, India, ANZ, ASEAN, Rest of APAC; Latin America – Brazil, Mexico, Argentina, Colombia, Rest of Latin America; Middle East & Africa – Saudi Arabia, UAE, South Africa, Turkey, Egypt, Israel, & Rest of MEA
|
| Prominent Players |
TBASF SE, LG Chem, Formosa Plastic Corporation,
SANYO CHEMICAL INDUSTRIES LTD, SONGWON,
Evonik Industries AG, KAO Corporation, Nippon
Shokubai Co. Ltd., Sumitomo Seika Chemical Co. Ltd.,
Yixing Danson Technology, and Other Key Players |
| Purchase Options |
We have three licenses to opt for: Single User License (Limited to 1 user), Multi-User License (Up to 5 Users), and Corporate Use License (Unlimited User) along with free report customization equivalent to 0 analyst working days, 3 analysts working days and 5 analysts working days respectively. |
Frequently Asked Questions
The Global Super Absorbent Polymer Market holds a market value of USD 10.5 billion in 2023.
Asia-Pacific dominates the Global Super Absorbent Polymer Market with a share of 36.2% in 2023.
Some of the major key players in the Global Super Absorbent Polymer Market are BASF SE, LG Chem,
Formosa Plastic Corporation, SANYO CHEMICAL INDUSTRIES LTD, SONGWON, Evonik Industries AG, KAO
Corporation, Nippon Shokubai Co. Ltd., Sumitomo Seika Chemical Co. Ltd., and many others.
The market is growing at a CAGR of 7.0 percent over the forecasted period.