Super Absorbent Polymers Market Development, Key Opportunity And Analysis Of Lea
Posted by Pradnya on April 21st, 2021
The global demand for super absorbent polymers reached 8,166.8 Kilo Tons in 2018, unveils the new research report on the super absorbent polymers market by PMR. As per PMR research study, the super absorbent polymers market is projected to grow by ~5% CAGR during the forecast period. Changing consumer preference and growing awareness about hygiene products is expected to pave the way for super absorbent polymers market growth in the coming years.
According to the analysis, disposable diapers is the major application segment for superabsorbent polymers. With increasing hygiene awareness all over the globe, the demand for baby diapers is increasing steadily. Super absorbent polymers used in baby diapers absorb urine readily and thus, owing to the convenience they offer, diapers are being readily adopted. Increasing demand for thinner diapers is creating demand for super absorbent polymers with higher absorbing properties.
Furthermore, factors such as increased demand for disposable diapers and adult incontinence products are expected to build-up growth potential for the super absorbent polymers market during 2019-2029. The global super absorbent polymers market has registered significant growth in the last few years and was valued at ~US$ 8.1 Bn in 2018. Riding on this wave of success, it is expected to reach a market valuation of ~US$ 13.6 Bn over the forecast period.
Rising Market Attractiveness of Asia Pacific
Asia Pacific is one of the most attractive regions for the super absorbent polymers market in terms of consumption. Japan, China, and South Korea collectively account for the lion’s share in terms of production as they house many local as well as global producers of super absorbent polymers. Therefore, many of the local as well as global manufacturers are increasing their production capacities in order to cater to the growing demand for super absorbent polymers.
Disposable Diapers – A Prime Mover for the Super Absorbent Polymers Market
A robust market trajectory is projected for the super absorbent polymers market. In addition, disposable diapers using a sodium polyacrylate are expected to remain the prominent application of super absorbent polymers.
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Joined: February 3rd, 2017
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