Global super absorbent polymer market size was estimated at 2.07 million tons in 2014 and is likely to exceed 3.1 million tons by 2023 growing with an expected CAGR of over 5.5%. Super absorbent polymer market revenue is likely to be valued at over USD 11 billion by 2023.
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Baby diaper was the leading application and accounted for more that 70% of total consumption in 2014. Agricultural applications are likely to witness highest gains with an estimated CAGR of over 5.8% by 2023 owing to superior water retention properties required for crops in rainfall/water scarce area.
Europe was the dominant region and accounted for more that 30% of SAP demand in 2014. Asia Pacific is likely to witness highest growth rates over the forecast period owing to populations expansion coupled with growing hygiene awareness among consumers.
Increase in geriatric population particularly in Japan, Germany and the U.S. is likely to drive SAP market demand for incontinence products. Other major application areas include construction, wastewater management, oil & gas and packaging. They are also used in manufacturing medical dresses
Bio based SAP is manufactured using renewable raw materials such as starch, cellulose, natural gums and chitin. Bio-based super absorbent polymers market provides environmentally sustainable alternatives to fossil based materials but also offer effective moisture retention and absorbency for applications such as baby diapering, packaging, feminine hygiene and adult incontinence products.
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Global super absorbent polymer market share is consolidated with few companies catering to large part of the demand. Major companies are taking initiatives to increase their production capacity and enhance product portfolio.
This latest Super absorbent polymer market research report offers in-depth analysis, key industry insights, market sizing & forecast on a granular level for key products, applications across a number of regional markets. The report also analyzes the Super absorbent polymer industry from business strategy perspective, describing in detail growth drivers, pitfalls &challenges for participants, accompanied by a detailed competitive benchmarking including company market share analysis and detailed business profiles.
Browse key industry insights spread across market data tables, figures & charts from the report “Synthetic and Bio Super Absorbent Polymer (SAP) Market Size, Industry Potential Outlook Report, Regional Analysis, Price Trend, Application Development, Competitive Landscape & Forecast, 2016 – 2023.”in detail along with the table of contents:
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Key Insights in this Report
- Super absorbent polymer market size & forecast by product & application
- Growth drivers, pitfalls & industry challenges
- Key Super absorbent polymer market growth opportunities & emerging business models
- Competitive benchmarking with market share analysis and company profiles
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