In 2014, the opportunity in superabsorbent polymers, globally, reached US$184.7 mn. Expanding at a CAGR of 6.80% between 2015 and 2023, it is estimated to possibly worth US$327.4 mn by the end of 2023.
Albany, NY -- (SBWIRE) -- 09/14/2018 -- Huge demand for super absorbent polymers in the healthcare industry, particularly for the production of baby diapers, and feminine hygiene products, remain the end-user industries that drive the growth of the superabsorbent polymer market. Increasing applications in agriculture and gardening sectors as soil water retaining agents are also emerging as encouraging factors for the performance of the superabsorbent polymer market. These insights have been taken from the report titled "Superabsorbent Polymer Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018-2026" added recently to the huge repository of Market Research Reports Search Engine (MRRSE).
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The superabsorbent polymer market has tremendous potential of growth in the healthcare industry owing to applications in medical waste management, production of fabrics such as surgical tapes, and in treatments that require the removal of body water. Increasing disposable incomes and awareness of hygiene in developing products, drive the purchase of diapers, sanitary napkins, and adult incontinence products. Concerns about environmental pollution has created a shift from petroleum based polymers to bio-based polymers in the market. However, fluctuating prices of raw materials are expected to constrain market growth for the foreseeable future.
Key players in the superabsorbent market are giving increasing importance to business opportunities in developing countries such as China, Brazil and India, due to rapid expansion of chemical and pharmaceutical industries in these regions. The market demand in North America and Europe remain strong owing to a high occurrence of diabetes ulcers, rapidly rising population of the elderly, and the requirement for healthcare products such as wound dressings. Key market players are utilizing capacity expansion and merger strategies to gain competitive advantages in these regions.
Superabsorbent Polymer Market: Report Summary
The report delivers analysis at a regional and global level & detailed forecast on the superabsorbent polymer market, in terms of value (US$ Mn) and volume (Kilo Tons), for the period of forecast 2017 to 2026. Crucial dynamics, such as social political and economic factors impacting development and requirement for superabsorbent polymer have been extensively examined in the report.
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An exhaustive value chain analysis on the superabsorbent polymer industry has been offered in the report, and the Porter's Five Forces model has been used to help in better understanding about the competitive scenario among key market players. A complete market attractiveness analysis, where applications have accurately assessed on the basis of their market size, general attractiveness, and growth rate, has also been added in the report. Market players have been benchmarked in terms of company overview, SWOT analysis, business strategies, and relevant developments.
Superabsorbent Market: Research Methodology
In-depth discussions and interviews have been conducted with a variety of key industry experts and opinion leaders in order to create this report. Extensive primary and secondary research methodologies have been used, to extract reliable and relevant insights on the superabsorbent polymer market. Primary research comprises bulk of the research efforts, which is further supplemented by comprehensive secondary research.
Key market players in the superabsorbent market have been assessed, while data has been extracted from press releases, annual reports, and other relevant documents to gain understanding of the market's competitor landscape and overall scenario. The research approach used here is regarded to be effective and successful in capturing actionable insights on the market data, identifying unexplored business opportunities, and gaining greater perception on the industry participants.
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