Predominantly driven by increasing usage in baby diapers, adult incontinence, and female hygiene products, the superabsorbent polymers market has been gradually emerging as one of the most enterprising niche verticals of polymers and advanced materials industry. Lately, it has been observed that major chemical firms have been investing heavily to develop biodegradable superabsorbent polymers as the conventional polymers are being increasingly termed as environmentally harmful by researchers around the globe. Below is a brief overview of how a surge in R&D investments by leading corporations would propel superabsorbent polymers industry trends in the years ahead:
U.S. Superabsorbent Polymer Market Size, by Application, 2014 – 2025 (USD Billion)
One of the major applications of superabsorbent polymers market are the adult incontinence products and baby diapers. The usage of these products has been on the rise lately owing to increasing hygiene awareness and the constant surge in birth rate globally. In fact, as per reliable estimates, baby diapers apportioned around 70% of the total revenue share of the industry in the year 2017. In this context, it would be prudent to mention that the safe disposal of diapers has emerged as a serious environmental concern in the recent years as they are manufactured using synthetic materials which are predominantly non-biodegradable. Several prominent research institutions around the globe have been making concerted efforts to find alternate solutions for the synthetic materials owing to increased focus on sustainability and growing demand for biodegradable polymers.
For instance, the researchers from the Department of Chemistry at the Indian Institute of Technology in Madras have recently developed a biodegradable superabsorbent polymer which can absorb up to 1250 grams of water for each gram of its weight. Christened as CHCAUR, the superabsorbent has been manufactured utilizing bio-based products such as urea, citric acid, and chitosan. The newly developed polymer is being regarded as a significant breakthrough for the overall superabsorbent polymer industry as its water absorption capability is nearly eight times more compared to super-absorbing polymers currently being used in manufacturing diapers. Needless to mention, the launch of such innovative and environment friendly polymers would significantly increase the efficiency of adult incontinence products and baby diapers in the times to come.
Considering the aforementioned instances of innovative research activities, massive investment programs coupled with capacity expansion strategies undertaken by leading chemical firms, the growth prospects of the superabsorbent polymers market undoubtedly appear promising. In fact, as per a research study compiled by Global Market Insights, Inc., the remuneration portfolio of superabsorbent polymers industry is forecast to exceed USD 9.5 billion by 2025.