The global superabsorbent polymers market size was valued at USD 10.29 billion in 2022. The market is projected to grow from USD 11.03 billion in 2023 to USD 18.16 billion by 2030, exhibiting a CAGR of 7.4% during the forecast period.
COVID-19 Impact
The demand for personal care and hygiene products remained stable during the pandemic, and in certain cases, it even experienced an upward trend. To ensure the availability of essential and medical products, many countries exempted them from lockdown measures and restrictions. This exemption resulted in an increased demand for SAP, as these materials are crucial components in the production of personal care and hygiene products.
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Segment
By type, the market is segmented into sodium polyacrylate, polyacrylamide, and others. Sodium polyacrylate has established its dominance in the market, driven by the increased demand for personal hygiene and medical applications. With remarkable absorption properties and skin protection capabilities, sodium polyacrylate has captured a significant superabsorbent polymers market share.
By application, the market is segmented into personal hygiene, medical, agriculture, and others. The personal hygiene segment is set to take the lead, fueled by a growing population and heightened awareness of health and well-being. This surge in demand encompasses various personal hygiene products such as baby diapers, feminine sanitary napkins, adult incontinence products, and similar items.
From the regional ground, the market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
Report Coverage:
The report offers:
- Major growth drivers, restraining factors, opportunities, and potential challenges for the market.
- Comprehensive insights into regional developments.
- List of major industry players.
- Key strategies adopted by the market players.
- Latest industry developments include product launches, partnerships, mergers, and acquisitions.
Drivers and Restraints
A notable rise in the elderly population is observed across major economies such as the U.S., China, Japan, the U.K., Germany, and South Korea. Additionally, developing countries such as India, Brazil, and South Africa are projected to experience a significant increase in their geriatric population in the coming years. This global surge in the elderly population is expected to drive the demand for adult incontinence products, consequently leading to increased consumption of SAP.
Infomation Source: https://www.fortunebusinessinsights.com/superabsorbent-polymers-market-104602
