Global Superabsorbent Polymer Market: Snapshot

The global superabsorbent polymer market is driven by the rise in demand for disposable baby diapers and sanitary products. Asia Pacific accounts for major share of the global superabsorbent polymer market, led by the increase in population and growth in awareness about hygienic products, diabetic wounds, and wound care products in the region.

Especially India and China, is another lucrative region for wound dressings. This can be ascribed to the large population, increase in patient awareness levels, and surge in incidence of diabetes ulcer in the region. These factors are likely to boost the superabsorbent polymer market in Asia Pacific during the forecast period.

According to the report by TMR, the global market for superabsorbent polymer was valued at US$ 9,106.02 Mn in 2017 and is anticipated to expand at a CAGR of 6.0% from 2018 to 2026.

sap-market

Rising Demand for High Performance Hygiene Products to be Beneficial for Growth

On the basis of resin, the superabsorbent polymer market is segmented into sodium polyacrylate, potassium polyacrylate, polyacrylamide copolymer, ethylene maleic anhydride copolymer, polysaccharides, and others. Of these, sodium polyacrylate is leading the global superabsorbent market owing to rise in the need of reliable and high performance hygiene products, growth in awareness about health among people, and surge in demand for female hygiene products such as adult incontinence pads. However, potassium acrylate is expanding with faster pace owing to higher demand for potassium polyacrylate is used as soil water in the agriculture industry and gardening application. It improves seed germination and increases yield.

On the basis of application, the superabsorbent polymer market is segmented into hygienic, diapers, adult incontinence products, sanitary products, non-hygienic, packaging, medical & health care, agriculture, and industrial. Of these, hygiene is a dominant segment of the global market. This segment is witnessing faster growth owing to the various initiatives and programs regarding hygiene programs especially in the developing countries such as India and China.

Expansion of Chemical and Pharmaceuticals industries in the Asia Pacific to Influence Growth

On the basis of region, the global superabsorbent polymer market is segmented into North America, Europe, Asia Pacific, Latin America, and Rest of the World. Of these, Asia Pacific is dominating the global market for superabsorbent polymer followed by the Middle East & Africa. Growth of both the regions is attributable to the numerous manufacturers of superabsorbent polymers and expansion of chemical and pharmaceuticals in the regions. These manufacturers are gradually shifting their focus away from developed economies. However, North America and Europe have the wide consumer base for wound dressings owing to rise in geriatric population and increase in prevalence of chronic wounds and high demand for high-quality health care products in the regions.

Some of the players operating in the global market for superabsorbent polymer are Nippon Shokubai Co., Ltd, BASF SE, Evonik Industries, Songwon Industrial Co., Ltd, and KAO Corporation. These players are focusing on the improvement of capacity and expansion of their businesses, to achieve this, these players are increasingly taking part in the strategies such as mergers and acquisitions. The top three players – Nippon Shokubai Co., Ltd, BASF SE, and Evonik Industries – cumulatively accounted for more than 45% share of the market in 2017. Manufacturers of superabsorbent polymers are primarily concentrated in China, the U.S., Japan, and Germany.

This report covers the analysis and forecast of the superabsorbent polymer (SAP) market for agriculture on a global and regional level. The study provides historic data of 2014 along with forecast between 2015 and 2023 based on volume (kilo tons) and revenue (US$ Mn). 

The study provides a decisive view of the superabsorbent polymer market for agriculture by segmenting it based on regional demand. Regional segments have been analyzed based on current trends and future potential. The market has been estimated from 2015 to 2023 in terms of volume (kilo tons) and revenue (US$ Mn). Regional segmentation includes the current and forecast demand for North America, Europe, Rest of Asia Pacific, Latin America, and Middle East and Africa. These have been further sub-segmented into countries and regions with relevance to the market. Segmentation also includes demand for individual applications in all regions. 

The study covers the drivers and restraints governing the dynamics of the market along with their impact on demand during the forecast period. Additionally, the report includes potential opportunities in the superabsorbent polymer market for agriculture on the global and regional level.

We have included a detailed value chain analysis to provide a comprehensive view of the superabsorbent polymer market for agriculture. Analysis of Porter’s Five Forces Model has also been included to help understand the competitive landscape in the market. The study encompasses market attractiveness analysis, wherein applications have been benchmarked based on their market size, growth rate, and general attractiveness for future growth. 

The market has been forecast based on constant currency rates. Prices of superabsorbent polymer vary in each region and are a result of the demand-supply scenario in the region. Hence, a similar volume-to-revenue ratio does not follow for each individual region. Regional average price has been considered while breaking down the market into application segments in each region. 

The report provides the size of the superabsorbent polymer market for agriculture in 2014 and the forecast for the next eight years up to 2023. Numbers provided in this report are derived based on demand generated from different regions. Market dynamics prevalent in North America, Europe and Asia Pacific have been taken into account for estimating growth of the global market. 

Market estimates for this study have been based on volume, with revenue being derived through regional pricing trends. Revenue has been forecasted based on constant currency rates. Demand for superabsorbent polymer in agriculture has been derived by analyzing global and regional trends of superabsorbent polymer application. Prices for different applications considered in the study are based on average price for superabsorbent polymer in different regions as received from quotations. We have used the top-down approach to estimate the global superabsorbent polymer market for agriculture. The regional split of the market has been derived using the top-down approach for each country separately. Drop in feedstock prices in the current year has been accounted for in the study. Price correlation of superabsorbent polymer, acrylic acid (feedstock), and polypropylene (upstream product) has been considered to project revenue forecast. 

Key market players profiled in the report include BASF SE, Evonik Industries, LG Chem Ltd., Sumitomo Seika Chemicals Co., Ltd., NIPPON SHOKUBAI Co., Ltd., and Songwon Industrial Co., Ltd. Company profiles include attributes such as business overview, financial overview, business strategy, and recent developments.

The report provides a cross-sectional analysis of superabsorbent polymer market for agriculture with respect to the following regions:

  • North America
    • U.S.
    • Rest of North America
  • Europe
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific (APAC)
    • China
    • Japan
    • ASEAN
    • Rest of APAC
  • Latin America (LATAM)
    • Brazil
    • Rest of LATAM
  • Middle East and Africa (MEA)
    • GCC Countries
    • South Africa
    • Rest of MEA 
.