Super Absorbent Polymers Market to Register a CAGR Growth of 3.9% during the for
Posted by ashutosh sable on September 26th, 2017
Growing need for adult incontinence product has led to an upsurge in demand for super absorbent polymersmarketproducts globally. Increasing application of super absorbent polymers products for conserving water is expected to contribute towards growth of the global super absorbent polymer market in the upcoming years. A recently published report by Persistence Market Research reveals that the global super absorbent polymer products will register 3.9% CAGR over the forecast period, 2016 – 2020.
Factors Fuelling Global Market Growth
Increasing need for adult incontinence and feminine hygiene products is predicted to rev up demand for super absorbent polymer products globally. Super absorbent polymer products witness significant demand in the disposable diaper manufacturers globally during the predicted period. Further, surge in the geriatric population is likely to fuel demand for the disposable diapers in the healthcare industry. Such factors are expected to contribute towards growth of the global super absorbent polymer market by the end of 2020.
Additionally, surge in demand for super absorbent polymer products for aboriculture, large-scale farming and agriculture is predicted to underscore lucrative opportunities for growth in the global market. Furthermore, increasing demand among the manufacturers of sand bags, artificial snow and absorbent pads will further fuel growth of the global super absorbent polymer market throughout 2020.
Poly acrylamide co-polymer to Register Significant Growth
Super absorbent polymer in terms of application is expected to represent a major end user, and will account for a revenue share of 74% by the end of 2020. In 2016, this segment represented a value of nearly US$ 5.81 Bn in the global market.
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Poly acrylamide co-polymer and sodium polyacrylate co-polymers among other end users is expected to represent a major revenue share in the global market by the end of 2020. Poly acrylamide co-polymer is expected to witness relatively high traction due to non-toxic features and relatively high water retention capacity. This segment is likely to represent a revenue share of nearly 11% in the global market by 2020 – end.
APAC to Represent a Leading Market
APAC is expected to represent lucrative opportunities for growth in the global super absorbent polymer market throughout 2020. Europe is predicted to witness the second highest growth in the global market. U.S. is projected to remain a leading country in the North America market. Attributed to increasing awareness regarding hygiene and personal care is predicted to boost growth of the global market in terms of consumption.
Moreover, surge in purchasing power among consumers in the emerging economies is predicted to impact growth of the global super absorbent polymer market throughout 2020. Additionally, various leading providers in the personal care industry is predicted to register significant growth in the APAC market of super absorbent polymer. This is expected to contribute towards growth of the global super absorbent polymer market during the predicted period.
Major players operating in the global super absorbent polymer market include LG Chemicals Ltd., BASF SE, Kao Corporation, Nippon Shokubai Co. Ltd., San-Dia Polymers, Formosa Plastics Corporation, Yixing Danson Technology, Evonik Industries AG, Sanyo Chemicals Industries, and Sumitomo Seika Chemicals Co. Ltd.
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About the Authorashutosh sable
Joined: August 9th, 2017
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