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Superabsorbent Polymers (SAP) Market is expected to grow at a highest CAGR by 2025

Author : Rahul Varpe | Published Date : 2019-06-25 

The Superabsorbent Polymers (SAP) Market study collated by Global Market Insights is a detailed sketch of the business sphere in terms of current and future trends driving the profit matrix. The report also indicates a pointwise outline of market share, market size, industry partakers, and regional landscape along with statistics, diagrams, & charts elucidating various noteworthy parameters of the industry landscape.

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 market trends in the years ahead.

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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. Reportedly, the expansion is slated to be completed by the end of 2019 and would assist the firm to acquire a dominant position in the global superabsorbent polymers market in the times to come.

Considering the 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 market is forecast to exceed USD 9.5 billion by 2025.

In 2017, LG Chem Limited had announced to invest approximately USD 278 million to expand the annual manufacturing capacity of super absorbent polymer and crude acrylic acid at its facility in the southern part of the nation. Regarded as one of the foremost chemical firms of South Korea, the company plans to increase the production of superabsorbent polymer by 100,000 tons in the upcoming years.

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In 2014, the German chemical giant BASF announced an investment of around USD 625 million in order to optimize the overall process of manufacturing superabsorbent polymers and revamp its existing facilities. The company had stated that it has been working on a pioneering superabsorbent technology platform within its hygiene business and plans to set up droplet polymerization capabilities in the years ahead. The researchers of the company have been working extensively over the last decade to develop new superabsorbent polymers under its flagship SAVIVATM variant. Reportedly, these polymers have demonstrated high-efficiency and performance in diaper prototypes owing to unique distribution mechanism.

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.

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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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