Super Absorbent Polymer Market - Forecast(2024 - 2030)
Overview :
The super absorbent polymer market size is
forecast to reach USD 14.9 billion by 2030, after growing at a CAGR of 6.4% during
the forecast period 2024-2030. Superabsorbent
polymers (SAPs) are a type of hydrogel material that can absorb and retain
large amounts of liquid relative to their weight. These polymers are commonly
used as absorbent materials in a variety of applications, including diapers,
sanitary napkins, adult incontinence products, and agriculture, and even in the
medical field for wound dressings and surgical sponges.
Growing health consciousness about the use of sanitary pads and
infant diapers has a significant impact on the worldwide SAP market. The
increasing global population, particularly in urban areas, contributes to the
growing demand for hygiene products. Urbanization leads to higher usage of
disposable diapers and other personal care items, boosting the demand for SAP
market.
Report Coverage :
The report “Super Absorbent Market–
Forecast (2024-2030)”, by IndustryARC, covers an in-depth analysis of the
following segments of the Super Absorbent Market.
By Type: Sodium Polyacrylate, Polyacrylamide
Copolymer, and Others
By Application: Personal Care, Medical, Agriculture,
Industrial, and Others
By Process: Gel Polymerization, Inverse
Suspension Polymerization, Solution Polymerization, and Others
By Geography: North America, South
America, Europe, APAC, and RoW
Key Takeaways :
- The APAC region signifies the fastest growth rate in the super absorbent market. Increasing production and government support is anticipated to drive market growth. China is one of the largest consumers of superabsorbent polymers in the world with a CAGR of 8.1% during the forecast period. The market for SAPs in China has been growing steadily, driven by factors such as population growth, increased urbanization, and changing consumer lifestyles. One of the world's fastest-growing aging populations is in China. Due to a higher life expectancy, it is anticipated that by 2040, 28% of China's population will be over 60.
- In July 2021, The previously announced transaction between Evonik and DURECT Corporation to purchase the LACTEL® Absorbable Polymers product line has been completed.
- Growing health consciousness about the use of sanitary pads and infant diapers has a significant impact on the worldwide SAP market. Furthermore, because of its ability to absorb water up to 1,000 times its own size, SAPs are utilized as soil conditioners in the agricultural industry. SAP helps plants withstand prolonged moisture stress, promotes seed germination, increases plant age, and lowers labor costs because it can hold 500% more water than its weight in water. In the near future, there will be a rise in the market demand for super absorbent polymer due to the increasing use of environmentally friendly and sustainable products.
By Type- Segment Analysis
Sodium Polyacrylate dominated the Super
Absorbent Market in 2023. A tonne of
sodium polyacrylate costs around $1200. Sodium polyacrylate is another kind of
highly absorbent polymer that is mostly utilized in the production of
absorbent products like sanitary towels and paper diapers. Sodium polyacrylate
(SAP) has an exceptional absorbency; it may absorb water several hundred times
its weight. It begins as a powder and expands into a gel when it comes into
contact with water. This gel is more difficult to squeeze the moisture out of
than other popular absorbent materials.
By Applications- Segment Analysis
Personal Care applications occupied a dominant
position in the Super Absorbent Market in 2023. The middle class's disposable
income and population are the main determinants of personal hygiene product
use. The increasing disposable income of citizens increases the demand for baby
diapers is anticipated to increase due to the rising birth rate. Increased
awareness of personal hygiene and health in the world has led to a surge in the
use of disposable hygiene products. Consumers are looking for products that
offer superior performance and comfort, which are enabled by Superabsorbent
polymer technology. In March 2021, By constructing a cutting-edge Superabsorbent
Excellence Centre at its Verbond location in Antwerp, Belgium, BASF will
improve its capacity for innovation in the superabsorbent polymer market. With
the €25 million investment, the corporation has demonstrated its commitment to
the hygiene industry.
By Process-Segment Analysis
The Gel Polymerization segment accounted
for the largest share of the market in 2023. The gel polymerization process is
a crucial step in the production of superabsorbent polymers (SAPs), which are
materials with the ability to absorb and retain large amounts of liquid. The
superabsorbent polymer market is driven by various factors, and the gel
polymerization process plays a significant role in meeting the demand for these
versatile materials.
The hygiene product industry, including diapers, adult incontinence
products, and feminine hygiene items, is a major consumer of superabsorbent
polymers. The gel polymerization process enables the production of SAPs that
enhance the absorbency and performance of these products.
By Geography - Segment Analysis
The North American region in the super absorbent polymer market is anticipated
to hold a major share in the market, and is expected to grow a CAGR of 6.8%
during the forecast period (2024-2030). Significant government-implemented
initiatives like Medicaid and the Affordable Care Act (ACA) have allowed a
sizable portion of the populace access to high-quality, efficient
healthcare facilities and services. This has increased the demand in the United
States for name-brand medications, healthcare services, and medical equipment.
As a result, the nation is using more super-absorbent polymers for
developing disposable medical connections, syringes, depth filters, and other
items. Excellent long-term investment
opportunities are highlighted by the Centers for Medicare & Medicaid
Services, which anticipates that U.S. healthcare spending will reach $4.4
trillion in 2022 and expand at a rate of 5.4% year until 2031. SAPs keep the
wound wet, which aids in healing, and are used in medical and wound care
products. There is a steady demand for these products due to the expanding
healthcare sector in the U.S.
Superabsorbent polymers (SAP), which are utilized in a variety of hygiene
products, including diapers, are being developed by many different companies in
partnership. For instance, in 2019 A joint development agreement was
established by US-based Archer Daniels Midland Company and LG Chem to produce
biobased acrylic acid, a basic component needed to make superabsorbent polymers
(SAP), which are used in a variety of hygiene products, including diapers.
Drivers – Super Absorbent Market
·
Increasing
Birth Rates Will Drive The SAP Market:
SuperBottoms, India's cloth diaper business, will release the UNO
2.0 for new parents to put on their newborns in July 2021. All cloth diapers
are composed completely of fabric and come with organic cotton pads. Several
government organizations have also launched health awareness campaigns, the
main goal of which is to raise young parents' knowledge of the hygiene and
health of their kids.
For instance, through its
Latin American Centre for Perinatology (CLAP), the Pan American Health Organization
(PAHO) launched a campaign in February 2022 to promote good care practices for
newborns and create knowledge about them. Skin-to-skin contact, exclusive
breastfeeding, and keeping the baby dry and clean are a few of these behaviors.
·
Growing
Awareness About Hygiene Products Globally Will Escalate The Demand For Saps In
The Market :
Tissues
are widely used for rapid cleaning all over the world. various hygiene items
are also becoming popular in various places as a result of increased safety
awareness. They are essential household items for maintaining a healthy and
sanitary lifestyle. Tissue and hygiene products are a subset of self-care
goods. Because of governments' aggressive biodegradable product policies, the
business is expanding as a result of increased demand for recyclable materials.
COVID-19
required consumers to utilize personal hygiene items in addition to recyclable
products. To stay virus-free throughout the epidemic, people began utilizing
rubbing alcohol, hand sanitizers, and other sanitation and hygiene items.
People prefer hygiene solutions to swiftly clean surfaces and hands to prevent
illness when going out for whatever reason, particularly when traveling via
public transportation.
Companies
are concentrating their efforts on the creation of innovative feminine hygiene
products aimed at certain female demographics. Strategic acquisitions and
mergers to boost their position in the personal care sector are anticipated to
acquire traction. The market's major players are focusing on the launch of
innovative goods that provide comfort and assistance on normal menstruation
days.
Kimberly-Clark
established a collaboration with RWDC Industries in June 2021 to advance
sustainable technology for consumer products. Similarly, in February 2021, Diva
International debuted the Diva Protect range, a new product development
endeavor that includes an anti-bacterial lotion. Companies that make hygiene
products are committed to creating new options for women in order to diversify
their portfolios.
Challenges – Super Absorbent Market
·
Environmental Regulations
That Are Strict Regarding Recycling Waste:
Sodium polyacrylate (Na-PA) is a very absorbent polymer that is
widely utilized in a variety of hygiene products. The polymer is currently made
using fossil fuels, which has negative environmental consequences.
When superabsorbent polymers (SAPs) are discharged into soil or
water, they are non-biodegradable and can harm plants, animals, and humans.
They can hinder water from reaching plant roots or natural water sources,
affecting ecosystems and water supply.
Many countries are also implementing environmental controls on ultra-absorbent
polymers. For example, in Europe, starting on October 17, 2023, the Commission
Regulation (EU) 2023/2055, also known as the "microplastics
restriction," forbids the use of synthetic polymer microparticles on their
own or when purposefully added to mixes. The Commission is working on a
detailed Q&A paper to aid with the implementation of the new rules. By the
end of 2023, the document should be available on this page. The goal is not to
restrict all glitter but to substitute more environmentally friendly glitter
that will not pollute waters.
Acrylic acid is the most
common raw ingredient utilized in the production of super-absorbent polymers.
Acrylic acid prices have been variable due to swings in crude oil prices as
well as a lack of supply in the Asian market. Acrylic acid prices will be
influenced by the gradual recovery of crude oil prices. China is the world's
leading producer of acrylic acid. As a result of environmental constraints in
China, acrylic acid manufacturing plants are operating at reduced rates,
closing the supply-demand imbalance.
This has also affected the
cost of ultra-absorbent polymers. In recent years, manufacturers such as Nippon
Shokubai and Evonik have announced price increases for their extremely
absorbent polymers. However, the impact is projected to be mitigated as new
capacity is added, stabilizing prices in the coming years.
As a result, throughout the
middle of the quarter, Acrylic Acid prices in India and China hovered around
USD 1317/MT and USD 1310/MT, respectively. Acrylic acid prices in Europe
remained high during the third quarter, boosted by strong demand and insufficient
supply across the continent.
Market Landscape :
In 2023, the top ten players in the super absorbent polymer market
share accounted for 84.5% of the share. Major players in the super absorbent
polymer market are Nippon Shokubai Co Ltd, BASF, Evonik, Sumitomo Seika
Chemicals, SDP Global, Dansonpack Industries, and LG Chemicals.
Developments:
Ø In May, 2023, Nippon
Shokubai began operating a commercial acrylic acid production facility in
Banten, Indonesia In response to the rising demand for acrylic acid and
super-absorbent polymers.
Ø In September, 2022, An
eco-friendly superabsorbent polymer (SAP) made with plant-based biomass as one
of its raw materials was developed by SDP Global Co., Ltd., a wholly-owned
subsidiary of Sanyo Chemical Industries, Ltd., and has been awarded the Biomass
Mark certification by the Japan Organics Recycling Association.
Ø In March, 2021, BASF has expanded its facility by constructing a cutting-edge Superabsorbents Excellence Centre at its Verbund location in Antwerp, Belgium, BASF will improve its superabsorbent polymer business's capacity for innovation. The €25 million investment demonstrates the company's firm commitment to the hygiene industry as a crucial link in the acrylics value chain.
LIST OF TABLES
1.Global SAP Market By Type Market 2023-2030 ($M)1.1 Sodium Polyacrylate Market 2023-2030 ($M) - Global Industry Research
1.2 Polyacrylamide Copolymer Market 2023-2030 ($M) - Global Industry Research
2.Global SAP Market By Type Market 2023-2030 (Volume/Units)
2.1 Sodium Polyacrylate Market 2023-2030 (Volume/Units) - Global Industry Research
2.2 Polyacrylamide Copolymer Market 2023-2030 (Volume/Units) - Global Industry Research
3.North America SAP Market By Type Market 2023-2030 ($M)
3.1 Sodium Polyacrylate Market 2023-2030 ($M) - Regional Industry Research
3.2 Polyacrylamide Copolymer Market 2023-2030 ($M) - Regional Industry Research
4.South America SAP Market By Type Market 2023-2030 ($M)
4.1 Sodium Polyacrylate Market 2023-2030 ($M) - Regional Industry Research
4.2 Polyacrylamide Copolymer Market 2023-2030 ($M) - Regional Industry Research
5.Europe SAP Market By Type Market 2023-2030 ($M)
5.1 Sodium Polyacrylate Market 2023-2030 ($M) - Regional Industry Research
5.2 Polyacrylamide Copolymer Market 2023-2030 ($M) - Regional Industry Research
6.APAC SAP Market By Type Market 2023-2030 ($M)
6.1 Sodium Polyacrylate Market 2023-2030 ($M) - Regional Industry Research
6.2 Polyacrylamide Copolymer Market 2023-2030 ($M) - Regional Industry Research
7.MENA SAP Market By Type Market 2023-2030 ($M)
7.1 Sodium Polyacrylate Market 2023-2030 ($M) - Regional Industry Research
7.2 Polyacrylamide Copolymer Market 2023-2030 ($M) - Regional Industry Research
LIST OF FIGURES
1.US Super Absorbent Polymer Market Revenue, 2023-2030 ($M)2.Canada Super Absorbent Polymer Market Revenue, 2023-2030 ($M)
3.Mexico Super Absorbent Polymer Market Revenue, 2023-2030 ($M)
4.Brazil Super Absorbent Polymer Market Revenue, 2023-2030 ($M)
5.Argentina Super Absorbent Polymer Market Revenue, 2023-2030 ($M)
6.Peru Super Absorbent Polymer Market Revenue, 2023-2030 ($M)
7.Colombia Super Absorbent Polymer Market Revenue, 2023-2030 ($M)
8.Chile Super Absorbent Polymer Market Revenue, 2023-2030 ($M)
9.Rest of South America Super Absorbent Polymer Market Revenue, 2023-2030 ($M)
10.UK Super Absorbent Polymer Market Revenue, 2023-2030 ($M)
11.Germany Super Absorbent Polymer Market Revenue, 2023-2030 ($M)
12.France Super Absorbent Polymer Market Revenue, 2023-2030 ($M)
13.Italy Super Absorbent Polymer Market Revenue, 2023-2030 ($M)
14.Spain Super Absorbent Polymer Market Revenue, 2023-2030 ($M)
15.Rest of Europe Super Absorbent Polymer Market Revenue, 2023-2030 ($M)
16.China Super Absorbent Polymer Market Revenue, 2023-2030 ($M)
17.India Super Absorbent Polymer Market Revenue, 2023-2030 ($M)
18.Japan Super Absorbent Polymer Market Revenue, 2023-2030 ($M)
19.South Korea Super Absorbent Polymer Market Revenue, 2023-2030 ($M)
20.South Africa Super Absorbent Polymer Market Revenue, 2023-2030 ($M)
21.North America Super Absorbent Polymer By Application
22.South America Super Absorbent Polymer By Application
23.Europe Super Absorbent Polymer By Application
24.APAC Super Absorbent Polymer By Application
25.MENA Super Absorbent Polymer By Application
26.BASF SE, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Evonik Industries AG, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Nippon Shokubai Co. Ltd., Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.KAO Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Formosa Plastics Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.LG Chem Ltd., Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Sumitomo Seika Chemicals Co. Ltd., Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Songwon Industrial Co. Ltd., Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.Yixing Danson Technology, Sales /Revenue, 2015-2018 ($Mn/$Bn)