Sellbyville, DE -- (SBWIRE) -- 11/14/2018 -- GMI presents a most up-to-date research on "Superabsorbent Polymers Market"– Global Industry Analysis, Size, Share, By Product (Sodium Polyacrylate, Polyacrylamide Copolymer) By Application (Baby Diapers, Adult Incontinence Products, Feminine Hygiene, Agriculture, Medical) Growth Potential, Trends Statistics, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, Russia, China, India, Japan, Australia, Indonesia, Malaysia, South Korea, Brazil, Mexico, South Africa, Saudi Arabia, UAE, Kuwait)and Forecast 2017 – 2024".

According to a new research report by Global Market Insights, Inc. Superabsorbent Polymer Market size will surpass USD 9.5 billion by 2025.

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The growth potential for superabsorbent polymers market is lately underlined by a spate of highly lucrative investments. For instance in 2017, the leading South Korean chemical firm LG Chem Ltd. announced that it will be investing approximately USD 278 million in the expansion of petrochemical facilities in Yeosu, South Jeolla Province in Thailand. With the investment, LG plans to increase the annual production capacity of superabsorbent polymer by 100,000 tons taking the annual production to a total of 500,000 tons.

Considering that the company estimates the global super absorbent polymer demand to surpass 6.75 million tons in 2020, it is safe to presume that LG has undertaken the move to capitalize on the expanding superabsorbent polymers market which is expected to register a CAGR of 5.7% over 2018-2025.

Superabsorbent polymers market are popularly used in diapers, feminine hygiene products, adult incontinence products and other similar products because of their superior liquid retention properties due to which SAPs have come to replace traditional absorbent products like paper wadding, cloth, cotton and cellulose fiber. The deployment of superabsorbent polymers has indeed revolutionized the diaper industry as superabsorbent polymers absorb and retain about 30 times their weight in urine.

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With the incessant rise in birth rate, baby diapers accounted for nearly 70% of the total super absorbent polymers market share in 2017 as super absorbent polymer containing diapers are more efficient in holding liquid and keeping the baby effectively dry.

Superabsorbent polymer market from medical application will witness around 7% CAGR throughout the forecast period owing to increasing use of product in wound care dressing, and surgical pads. Moreover, technological advancements to manufacture antimicrobial and chronic wound dressing products will fuel the market throughout the forecast period.

China Superabsorbent polymer market is expected to generate revenue over USD 1 billion in 2025 as the country has achieved significant economic growth which has subsequently increased spending capacity of people. Increased GDP signifies the growth in spending power and socio-economic development, which in addition to growing awareness affects the hygiene market positively. This will upsurge the superabsorbent polymer demand throughout the forecast period.

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Key players in the superabsorbent polymer market which holds the major market chunk include LG Chem, BASF SE, San-Dia Polymers, Sanyo Chemicals Industries, Zheijiang Satellite, Formosa Plastics, Nippon Shokubai, Evonik, Sumitomo Chemicals, Yixing Denson Technology and Songwon Industrial.