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Super Absorbent Polymer Market share by applications and regions for 2019-2024

Author : Rahul Varpe | Published Date : 2019-12-04 

The 'Super Absorbent Polymer Market' report added recently by Global Market Insights evaluates the industry in terms of market size, market share, revenue estimation, and geographical outlook. The study also delivers a precise summary that illustrates the competitive milieu, growth opportunities and application landscape of the super absorbent polymer market depending on the industry's financial and non-financial impact.

Rising aging population has led to increase in use of adult incontinence products, subsequently leading to growing demand for these products in various geographies. Use of adult diapers has become active in developing regions including Asia Pacific due to increasing number of literate population and growing hygiene awareness among aging population in the region. This will anticipate superabsorbent polymer market by 2025. Therefore, the adult incontinence products are expected to experience stagnant growth by 2025 and account for 12.0% share in 2025.

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Increasing technological advancement in agriculture and horticulture in developed nations will drive superabsorbent polymer market. The product act as a miniature reservoir to the soil, providing aeration to the crops. Moreover, these polymers are used to manufacture sealing composites made by blending modified superabsorbent polymer into elastomers or rubber. This composite is majorly used as mortar for joints in construction industry. Rising reconstruction industry in North America will drive superabsorbent polymer market by 2025.

On the other flip, volatile raw material prices expected to hamper growth of superabsorbent polymer market due to instability of oil prices. In addition, rise in oil prices will increase the cost of energy as production process is energy-intensive.

Polyacrylamide copolymer will generate the revenue of nearly 2.5 billion by 2025. This polymer exhibits nontoxic behavior and high-water retention property and is used for application including soft contact lenses, feminine hygiene products, baby diapers, surgical pads, etc.

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On the basis of application segment, agriculture will grow at the annual growth rate of 5.8% in next seven years. Increasing food requirement coupled with decreasing availability of arable land per capita will compel farmers to cultivate in difficult conditions owing to the ability to absorb and release water. Willingness of farmers to apply modern methods to increase food yield is expected to drive superabsorbent polymer market by 2025.

North America market led by the U.S, will account for around 25% of super absorbent polymer market. Growth in incidence of chronic diseases, increase in the general awareness of patients, and technological advancements will drive superabsorbent polymer market. Moreover, the life expectancy in the region is 78.7 years. Growing elderly population in the region will increase the adult continence product by 2025.

The major players superabsorbent polymer market includes Evonik, LG Chem, BASF, Yixing Danson Technology Formosa Plastics, Nippon Shokubai, Zheijiang Satellite, San-Dia Polymers, Sumitomo Chemicals, and Songwon Industrial Co. Ltd.

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About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

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