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Superabsorbent Polymers (SAP) Market 2019 Analysis by Trends, Top Key Players & Forecast to 2025

Author : Rahul Varpe | Published Date : 2019-05-15 

Global Market Insights provides a detailed overview of Superabsorbent Polymers (SAP) market with respect to the pivotal drivers influencing the revenue graph of this business sphere. The current trends of Superabsorbent Polymers (SAP) market in conjunction with the geographical landscape, demand spectrum, remuneration scale, and growth graph of this vertical have also been included in this report.

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 market by 2025.

The adoption of innovative approaches in the superabsorbent polymer market has also been contributing to its growth. For instance, a new kind of wound dressing is being used in the U.S. Army which is expected to have a potential of saving hundreds and even thousands of lives in the battlefield. It is estimated that around 80% to 90% of potentially survivable deaths among U.S. soldiers on the battlefield occur due to excessive and uncontrolled bleeding. In many cases injured soldiers die before there is a chance to take them to the hospital for properly addressing the wound to check the bleeding.

Therefore the U.S. Army has came with a new kind of wound dressing that would be able to arrest the bleeding in the field and save lives in the process. The new dressing is made of polystyrene and rubber and boasts of an amazing absorbency rate, being able to absorb up to 800% of the material’s weight in liquid. It is approximately 5.7 times more absorbent than gauze-based hemostatic dressing currently used in bandaging up wounds. Super absorbent polymers play a vital role in this special dressing as acrylic acid is used in separately soaking out the water in blood making it easier to clot and promptly stopping excessive blood loss.

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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.

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 superabsorbent polymer market. Growth in incidence of chronic diseases, increase in the general awareness of patients, and technological advancements will drive 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
  • Songwon Industrial Co. Ltd.

 

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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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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