The market research report on the Super Absorbent Polymers (SAP) Market aims to help users discover detailed information regarding trends in the market. The report also throws light on the overview of the thorough analysis of the correlated key players active in the market, covering their competitive landscape, supply chain analysis, and latest developments like investments, expansion, technological growth, etc.
Market Insights:
The super absorbent polymers (SAP) market was estimated at USD 10.38 billion in 2022 and is likely to grow at a CAGR of 5.82% during 2023-2028 to reach USD 14.61 billion in 2028.
What are super absorbent polymers?
Super absorbent polymers (SAPs) are a type of polymer material that has the ability to absorb and retain large amounts of liquid relative to their own weight. It is a cross-linked polymer, that contains sodium atoms.
These polymers are widely used in a variety of applications including personal hygiene products, agriculture, medical applications, construction materials, and more. SAPs, after reaching their capacity of absorption, swells and become a gel-like substance that can hold liquid without leaking or losing shape.
COVID-19 IMPACT
The super absorbent polymers (SAP) market was negatively impacted by the pandemic in the year 2020 owing to the lockdowns and decline in manufacturing efficiency due to labor shortage. However, there was an increased demand for medical and hygienic products like wipes and diapers which are made using Super Absorbent Polymers. These products experienced an increase in demand during the Covid period.
Market Dynamics
The super absorbent polymers (SAP) market is driven by several factors including–
- Rising awareness of personal hygiene and eco-friendly products– The rise in demand for disposable diapers, feminine hygiene products, adult incontinence products, etc. is one of the major factors behind the growth of the SAPs market. For instance, BASF SE– a leading chemical company has increased the application of super-absorbents like Hysorb and SAVIVA in incontinence products and baby diapers.
- Growing need for advanced agricultural products– SAPs in agriculture are used to improve water retention in soil, unforeseen drought conditions, salination, overuse of synthetic fertilizers, improve crop yield, etc.
- Food packaging– The use of SAPs in food products packaging is rapidly growing, since these materials can absorb and retain excess moisture, improving the shelf life of the products.
Here are the key players mentioned in the report –
- Nippon Shokubai
- BASF SA
- Evonik Industries
- Sumitomo Corporation
- LG Chem Ltd.
- SDP Global Co., Ltd.
- Formosa Plastics
- Yixing Danson
- Satellite Science & Technology Co., Ltd.
- Kao Corporation.
Segment Analysis:
Market segmentation included in this report divides the Super Absorbent Polymers (SAP) Market into subgroups based on demographics, needs, priorities, shared interests, and other behavioral characteristics that help to better understand the target audience. The user can be from benefitted by using this targeting in product, sales, and marketing strategies.
As per the report, the market is segmented by:
Based on the product type, the market is segmented as sodium polyacrylate, polyacrylate/polyacrylamide, and copolymers. The sodium polyacrylate segment held the largest share of the market in 2022 and is expected to remain dominant during the forecast period. Sodium polyacrylate is widely preferred for personal hygiene products and water absorbent applications as it is a super absorber of water.
Based on the application type, the market is segmented as personal hygiene, agriculture, medical, industrial, packaging, construction, and oil & gas. The personal hygiene segment is the largest segment, as it is widely used in sanitary napkins, baby diapers, and protective underwear.
In terms of regions, Asia-Pacific is estimated to be the largest and fastest-growing market during the forecast period. India and China are the major countries with lucrative growth opportunities, owing to the growing population and awareness of personal hygiene in the region.
Sneak peek into the Report:
This report focuses on the various types, segments, and growth in the Super Absorbent Polymers (SAP) Market. It offers valuable insights into business dynamics and allows current and potential market participants to make strategic decisions.
The report also benchmarks the major parameters like -
· Industry Outlook
• Market Segmentation & Value Chain Analysis
• Industry Dynamics
• Drivers
• Restraints
• Growth Opportunities
• Regional Outlook
• Country-level Analysis
• Competitive Landscape
• Company Market Share Analysis
• Key Company Profiles/ Market Players
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