Global Super Absorbent Polymers Market Insights Forecasts to 2030

• The global super absorbent polymers market was valued at USD 9.18 Billion in 2021.
• The market is growing at a CAGR of 4.9% from 2022 to 2030
• The global super absorbent polymers market is expected to reach USD 14.11 Billion by 2030
• South America is expected to grow the fastest during the forecast period

The global super absorbent polymers market is expected to reach USD 14.11 Billion by 2030, at a CAGR of 4.9% during the forecast period 2022 to 2030. The super absorbent polymer coating market has grown due to the increasing demand for hygiene products and disposable diapers. The increasing awareness about personal hygiene care will boost the growth of the super-absorbent market in the upcoming years.

Market Overview

Super absorbent polymers are hydrophilic homopolymers. Super absorbent polymers are absorbent and retaining materials that can take up and retain large amounts of a liquid in relation to its weight. These are widely used in manufacturing disposable products such as personal care products, healthcare products and hygiene products. The increasing demand for disposable diapers for adults and babies is one of the main sectors responsible for the market's growth. Furthermore, the market witnessed huge demands from the healthcare sector during the COVID-19 pandemic because the safe disposal of infectious secretions became a matter of concern during the pandemic, which led to increased demand for super absorbent polymers used to manufacture super absorbent gels for safe disposal.

The COVID-19 outbreak hinders the market's growth, and the complete lockdown and rising cases come with lots of restrictions on the manufacturing and production industries. Reduced industrial activities result in low production, affecting the super-absorbent polymers market. Post-COVID-19, the restrictions ended, industrial activities started, and experienced high demand for super absorbent polymers in various applications such as personal care, hygiene products, agriculture, healthcare etc. There are so many factors hindering the growth of the super absorbent polymers market, such as fluctuating raw material prices, availability of raw material, non-biodegradability of material and health hazards associated with the excessive use of super absorbent polymers on human beings. Moreover, the super absorbent polymers market will experience increased demand in packaging applications and the medical sector, which will propel the market's growth in the future. Continuous research and development are going on in the super absorbent polymers market to develop new and innovative ways of using the polymers in various applications more efficiently.

Report Coverage

This research report categorizes the market for global super absorbent polymers based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the global super absorbent polymers market. Recent market developments and competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each global super absorbent polymers market sub-segments.

Market Dynamics:

• Driver- Growing Awareness

Growing awareness of cleanliness around the globe as a result of an increase in infectious illness instances is anticipated to propel the market expansion of super absorbent polymers. Health-conscious customers' rising need for tissues, diapers, and sanitary products is anticipated to fuel the market expansion of super absorbent polymers. The aforementioned hygiene products are the main uses for super absorbent polymers. The expansion of SAP's use across end-user industries like healthcare, agriculture, and construction is anticipated to spur the market for super absorbent polymers to grow more quickly. The need for super absorbent polymers is also predicted to increase due to their outstanding water absorption and water retention capacity, which is boosting their use in waste management and construction applications.

• Restraint- Environmental Issues

The SAP market in industrialised areas like North America and Europe is mature and growing slowly. Over the forecast period, this aspect is anticipated to restrain the market expansion of super absorbent polymers. Super absorbent polymer goods are non-biodegradable and have a severe influence on the environment, which is causing an increase in environmental concerns. In the near future, this is anticipated to impede the market expansion of superabsorbent polymers.

• Opportunity- Expanding Use

The market is anticipated to increase as a result of the expanding usage of super absorbent polymers in waste management and agricultural and horticultural applications. Over the forecast, an increase in agricultural activity is anticipated to benefit the market for super absorbent polymers. Construction, packaging, and automobile are more growing applications. According to estimates, demand for incontinence goods will increase as the population of geriatrics and working women both grows. Over the forecast period, this is anticipated to offer up new opportunities in the market for super absorbent polymers.

Challenges- High Prices

The fluctuation in supply and volatile costs of raw materials are impeding market expansion over the forecast period. The cost of SAP does not significantly vary depending on where you are. For sanitary and personal care products, a high grade super absorbent polymer is a crucial component that greatly affects how well they operate. As a result, a huge number of suppliers are carefully chosen in the setting of competitive tendering.

Segmentation Analysis

• In 2021, the sodium polyacrylate segment accounted for the largest share of the market, with 25.8% and a market revenue of 2.36 billion.

Based on the product type, the super absorbent polymer market is categorized into ethylene maleic anhydride copolymer, sodium polyacrylate, polysaccharides, polyacrylamide copolymer and others. In 2021, the sodium polyacrylate segment accounted for the largest share of the market, with 25.8% and a market revenue of 2.36 billion. The increased demand for sodium polyacrylate is due to its ability to absorb several hundred times its mass in water and other liquids.

• In 2021, the solution polymerization segment accounted for the largest share of the market, with 25% and a market revenue of 48.6 billion.

Based on the type of coatings, the super absorbent polymers market is categorized into zinc oxide, titanium oxide and others. In 2021, the solution polymerization segment accounted for the largest share of the market, with 38.6% and market revenue of 1.21 billion. The increased demand for solution polymerization manufacturing process is due to its highly efficient photoactivity, better heat control and cost-effectiveness.

• In 2021, the disposable diapers segment dominated the market with the largest market share of 15% and market revenue of 1.37 billion.

Based on the application, the super absorbent polymers market is categorized into construction, oil and gas, disposable diapers, agriculture, healthcare, adult incontinence products, packaging, feminine hygiene products and others. In 2021, the disposable diapers segment dominated the market with the largest market share of 15% and market revenue of 1.37 billion. The rising demand for disposable diapers is increasing day by day as the demand for diapers is increasing among adults and babies. Moreover, most people have replaced the traditional ways with diapers which are responsible for the propelled growth of the super absorbent polymers market.

Regional Segment Analysis of the Super Absorbent Polymers Market

• North America (U.S., Canada, Mexico)
• Europe (Germany, France, the U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America)
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

Asia Pacific emerged as the largest market for the global super absorbent polymers market, with a market share of around 38.5% and 9.18 billion of the market revenue in 2021.

• In 2021, Asia Pacific emerged as the largest market for the global super absorbent polymers market, with a market share of around 38.5% and 9.18 billion of the market revenue. Asia Pacific is expected to be the largest market. Growing populations and rising disposable income lead to an increase in personal and hygiene care spending in the country, which is one reason for the high demand for hygiene goods in the region.

• South American market is expected to grow at the fastest CAGR between 2021 and 2030. The increased demand for adult incontinence products in Brazil accounts for the growth of the super absorbent polymers market in the region during the forecast period.

Competitive Landscape

The report offers the appropriate analysis of the key organizations/companies involved within the global super absorbent polymers market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the companies' current news and developments, including product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Market Players:

• LG Chemicals Limited
• Kao Corporation
• Nippon Shokubai
• Satellite Science and Technology
• PPG Industries Inc.
• BASF SE
• Dotmar Engineering Plastics
• LyondellBasell Industries Holdings B.V.
• Songwon Industrial Co., Ltd.
• Crown Plastics
• Yixing Danson Technology
• Nutech Paint
• Excel Coatings
• Monarch Industrial Products Pvt. Ltd.
• GAF
• Indian Insulation and Engineering

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities
• Consulting And Research Firm
• Venture capitalists
• Third-party knowledge providers
• Value-Added Resellers (VARs)

Some of the Key Developments:

• In September 2019, In a joint venture with Archer Daniels Midland Company, LG Chem and Archer Daniels Midland Company developed bio-based acrylic acid, the raw material for super absorbent polymers.

• In March 2021, an investment of about US$ 30 million will be made by BASF in its business of super absorbent polymers. 

Market Segment

This study forecasts global, regional, and country revenue from 2019 to 2030. Spherical Insights has segmented the global super absorbent polymers market based on the below-mentioned segments:

Global Super Absorbent Polymers Market, By Product Type

• Ethylene Maleic Anhydride Copolymer
• Sodium Polyacrylate
• Polysaccharides
• Polyacrylamide Copolymer
• Others 

Global Super Absorbent Polymers Market, By Manufacturing Process

• Gel Polymerization
• Suspension Polymerization
• Solution Polymerization

Global Super Absorbent Polymers Market, By Application

• Construction
• Oil and Gas
• Disposable Diapers
• Agriculture
• Healthcare
• Adult Incontinence Products
• Packaging
• Feminine Hygiene Products
• Others

Global Super Absorbent Polymers Market, Regional Analysis

• North America
  • THE US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• The Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa