By 2024, the market for super absorbent polymers is expected to be valued at USD 10.7 billion. By 2034, the market is projected to be worth USD 18.23 billion, growing at a compound annual growth rate of 5.40%. The increasing global demand for personal care and hygiene products is an important factor propelling the SAP sector. Growing populations and increased hygiene awareness, especially in emerging economies, are predicted to fuel demand for these products and propel the SAP market’s expansion.
Market expansion is hampered by worries about possible pollution and non-biodegradability, particularly in areas where environmental sustainability is a top concern. To lessen this constraint and maintain market growth, these issues must be addressed and environmentally friendly substitutes must be created.
Despite these challenges, there are significant opportunities for the SAP industry, particularly in agriculture and water management. Bio-based SAP innovations offer manufacturers opportunities to meet the increasing demand for environmentally friendly products and capitalize on emerging market trends.
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As environmental concerns gain prominence, there is a growing focus on developing SAPs from renewable and biodegradable sources, such as starch-based polymers or cellulose derivatives. This trend aligned with consumer preferences for eco-friendly products and supports the industrial transition towards sustainability.
Key Takeaways from the Market Study:
- Under application, the disposable diaper segment is accounted to hold a market share of 76.5% in 2024.
- China is expected to register at a CAGR of 6% by 2034.
- India registers significant growth, projected at a CAGR of 8% by 2034.
- Based on the product type, the sodium polyacrylate segment is accounted to hold a market share of 68% in 2024.
“The surge in demand for hygiene and personal care products globally due to the rise in population growth and hygiene awareness, a corresponding surge in the use of disposable diapers, feminine hygiene products, etc. can be seen pushing the super absorbent polymer market” – says an Analystat Future Market Insights, Inc.
Competitive Landscape:
In the competitive landscape of the super absorbent polymer (SAP) industry, established players dominate with extensive product portfolios and global reach.
Startups innovate with niche solutions, while differentiation through product quality, cost-effectiveness, and sustainability is crucial for success in this dynamic market driven by hygiene and personal care demands.
Some of the key developments are:
In 2022, Formosa Plastic Corporation announced a significant expansion of its super absorbent polymer (SAP) production capacity to meet growing demand. The development underscored the company’s commitment to meeting market needs and strengthening its position in the SAP industry.
In 2022, Songwon Industrial Co. Ltd. unveiled a breakthrough innovation in biodegradable SAP technology, offering a sustainable alternative to conventional SAPs. This advancement aligned with the focus on environmental sustainability and positions Songwon as a leader in eco-friendly SAP solutions.
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Super Absorbent Polymer Market Segmentation:
By Product:
- Sodium Polyacrylate
- Polyacrylamide Copolymer
- Others
By Application:
- Disposable Diapers
- Adult Incontinence Products
- Feminine Hygiene Products
- Agriculture Products
- Others
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- South Asia and Pacific
- East Asia
- Middle East and Africa
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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