Superabsorbent Polymers Market Eyeing Remarkable Growth due to Expanding Personal Care Sector
Description :
Superabsorbent
Polymers Market Global Information: by Type (Sodium polyacrylate,
Polyacrylamide copolymer, and others), Application (Health Care & Personal
Care, Agriculture, Industry, Mining &Petroleum and Others) and Region
Forecast to 2030
Keywords:
Superabsorbent
Polymers Market Industry , Superabsorbent
Polymers Market,
Global Superabsorbent Polymers Market Industry , Superabsorbent Polymers Market Industry value, Superabsorbent Polymers Industry segment
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Benzenoid Market Analysis
Overview:
The global superabsorbent polymers market is
anticipated to grow at a healthy CAGR between 2014- 2022, states the latest
Market Research Future (MRFR) report. Superabsorbent polymers, simply put, are materials that possess the
ability to absorb and retain large volumes of aqueous solutions and water, thus
making it ideal for use in personal care, building, and construction, agriculture,
food packaging, to name a few.
Various factors are adding to
the superabsorbent polymers
market share. These factors, as per the new MRFR report,
include increasing use of superabsorbent
polymers in agricultural activities, burgeoning demand for production of
high-quality crops, growing awareness among farmers about the effects of these
polymers on crop yield, growing construction sector, and increasing
construction activities. Additional factors adding market growth include
increasing use of personal care products, especially adult incontinence
products and diapers, expanding personal care sector, constant
industrialization, and rapid growth, especially of the middle-class
population.
On the contrary, the high raw
material cost may limit the superabsorbent
polymers market growth over the forecast period.
Market
Segmentation
The Market Research Future Report
provides an inclusive segmental analysis of the global superabsorbent polymers market based
on end use and type.
By type, the superabsorbent polymers market is segmented
into sodium polyacralyte, polyacrylamide copolymer, and others.
By end use, the superabsorbent polymers market is segmented into food
packaging, agriculture, building and construction, personal care, and others. Others
are again segmented into electrical, healthcare, and entertainment.
Regional
Analysis
Based on region, the global superabsorbent polymers market report
covers the growth opportunities and recent trends across Europe, North America,
the Asia Pacific (APAC), Latin America, and the Middle East and Africa (MEA).
Of these, Europe will spearhead the market over the forecast period. Factors
adding market growth in the region include increasing demand for packaged food
among the working population, huge investment in innovation and R&D, and
developed end use industries. The UK, Poland, Spain, Germany, Italy, France,
and Russia are the leading contributors in the region.
The superabsorbent
polymers market in the APAC region will have healthy growth in the market
over the forecast period. Factors propelling the superabsorbent polymers market growth in the
region include expansion of various end use industries, especially agriculture
and building & construction, large scale industrial, commercial, and
residential construction projects, and burgeoning demand in Malaysia, South
Korea, Thailand, Japan, India, and China. Besides, increasing disposable
income, especially in emerging nations, increasing number of working
professionals, easy availability of raw materials, inexpensive land, and labor
cost, and increasing development strategies to cater to the demand of the
product in the increasing applications is also adding market growth.
The superabsorbent polymers market in North America is predicted to have
notable growth over the forecast period for rising consumption of personal care
products and the increasing awareness about personal hygiene. The US &
Canada are the key contributors in the region for the continuous expansion of
the personal care sector.
The superabsorbent polymers market in Latin America is predicted to have
steady growth over the forecast period for the involvement of new business
models.
The superabsorbent polymers market in the MEA is
predicted to have significant growth over the forecast period for the growing
healthcare sector, and heavy investments in the commercial and residential
construction sector in the UAE, Saudi Arabia, Oman, Kuwait, and Qatar.
Key Players
Eminent players profiled in the superabsorbent polymers market report
include Yixing Danson Technology, Songwon Industrial Co. Ltd., Sumitomo
Seika Chemicals Co. Ltd., SDP Global Co. Ltd., LG Chem Ltd., KAO Corporation,
Formosa Plastics Corporation, SDP Global Co. Ltd., Evonik Industries AG, Nippon
Shokubai Co. Ltd., and BASF SE.
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and wherever required we will be considering Covid19 Footprints for Better
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