Superabsorbent Polymer Market Value Anticipated To Reach US$ 46 Billion By 2025: Adroit Market Research
SAPs are composed of ionic monomers and exhibits a low cross-linking degree that results in enhancing fluid uptake capacity in comparison to other conventional hydrogels, which in turn is driving the industry size.
Dallas, United States – April 22, 2021 /MarketersMedia/ —
The global Superabsorbent Polymer market size is anticipated to reach around USD 46 billion by 2025. Superabsorbent polymer is a polymer comprising hydrophilic networks to sustain and absorb large amount of solution or water. The surging population along with rising awareness about personal hygiene and health across the developing as well as developed countries leading to escalated demand for absorption products is anticipated to stimulate the industry size. Furthermore, the growing focus on effective management of water for irrigation in agriculture sector, coupled with rising adoption of environmental friendly products is fueling the industry growth.
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Superabsorbent polymer are the materials which can soak and store a large quantity of liquids and aqueous solutions in them when they are subjected to them. They are made up of the water soluble building blocks, in which the polymer network in cross linked in nature, which allows them to contain and store large amounts of liquids. Rising usage of the product in several industries such as pharmaceutical, healthcare, and other industries due to its high demand in these sectors owing to its beneficial properties are the main factors that are contributing to the growth of global superabsorbent polymer (SAP) market over the coming years.
Further, it is also used for blocking the penetration of water in communications cable as well as in the underground power, along with its consumption in the self-healing concrete, control of spill, horticultural water retention agents, and artificial snow for motion picture, waste aqueous fluid, and stage production are the major places where the polymer is being used. Hence, these are the factors that are increasing the product demand and hence propelling the growth of global superabsorbent polymer (SAP) market over the analysis time frame.
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The water or any type of fluid that is absorbed by these materials are converted into rubber like formation in these type of products made out of these polymers. Hence, there is no chance of leakage or spillage of the liquids. Hence they are majorly used in the baby diapers which are widely used worldwide, hence contributing to the growth of global superabsorbent polymer (SAP) market over the coming years. Rising occurrences of the covid-19 pandemic has caused disruptions in the production and supply of the product across the globe. The governments across various nations has imposed travel bans to avoid the spread of the virus and hence, these are factors that are challenging the growth of global superabsorbent polymer (SAP) market.
Based on the product spectrum, the global superabsorbent polymer (SAP) market is segmented into Polyacrylamide, Acrylic Acid Based and others. In terms of the end use category, the industry is divided into agriculture, hygiene, packaging, industries and others.
North America is analyzed to hold a significant share in the coming years. Growing development across the healthcare sector to improve the life expectancy across the region is boosting the product adoption. For instance, the U.S. government spends around 18% of their Gross Domestic Production (GDP) on the healthcare sector. Furthermore, its rising demand from the multiple food end user industries on account of its aqueous solution retaining characteristics is complementing the industry size.
The major players of the global Superabsorbent Polymer market comprise of BASF, Nippon Shokubai, Sumitomo, Evonik, LG Chem, Yixing Danson Foam, and SDP Global, including others. The industry for Superabsorbent Polymer constitutes established global players along with growing rising presence of emerging companies. In addition, the companies are focusing toward expanding their market penetration through adoption of inorganic growth strategies.
Segment overview of Superabsorbent Polymer market
Product Type Overview, 2018-2025, (USD Billion and Tons)
Acrylic Acid Based
Polyacrylamide
Others
End-User Overview, 2018-2025, (USD Billion and Tons)
Personal hygiene
Industrial
Packaging
Agriculture,
Others
Regional Overview, 2018-2025, (USD Billion and Tons)
North America
U.S.
Canada
Mexico
Europe
UK
Germany
Italy
France
Rest of Europe
Asia Pacific
China
India
Japan
Rest of Asia Pacific
Middle East & Africa
Saudi Arabia
Rest of Middle East & Africa
South America
Brazil
Rest of South America
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Adroit Market Research is an India-based business analytics and consulting company. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market’s size, key trends, participants and future outlook of an industry. We intend to become our clients’ knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code– Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.
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