Superabsorbent Polymers Market is Expected to Reach Around USD 8.60 Billion by 2020
Deerfield Beach, FL -- (SBWIRE) -- 06/12/2017 -- Zion Market Research has published a new report titled "Superabsorbent Polymers (Sodium Polyacrylate, Polyacrylamide Copolymer and Others) Market for Baby Diapers, Adult Incontinence Products, Feminine Hygiene Products and Other Applications: Global Industry Perspective, Comprehensive Analysis and Forecast 2014 - 2020" According to the report, global demand for superabsorbent polymer was valued at USD 6.40 billion in 2014, is expected to reach cross USD 8.60 billion market in 2020, growing at a CAGR of slightly above 5% between 2015 and 2020. In terms of volume, the global superabsorbent polymer market stood at approximately 1,950.0 kilo tons in 2014.
The process of converting a monomer molecule together in a chemical reaction to form a polymer chain is called as polymerization. A superabsorbent polymer is a three-dimensional network form by chemical cross-linking or physical cross-linking of a large number of molecules composed of certain repeating units. The superabsorbent polymer has the capability to absorb a liquid. And this absorbency and capacity of a polymer depend on the degree of cross-linking. The superabsorbent polymer products are mostly used in personal disposable hygiene products. It also used for blocking water absorption in underground power or communications cable, horticultural water retention agents. The first commercial use of SAP was in 1978 for the production of feminine napkins in Japan.
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SAP can be classified on the basis of product types such as sodium polyacrylate, polyacrylamide copolymer, and others. Sodium polyacrylate dominated the SAP market with around 60% share of the total volume of SAP consumed in 2014. Polyacrylamide copolymer was the second largest product segment of SAP in terms of volume. Baby diapers, adult incontinence products, feminine hygiene and others are the key application markets for the superabsorbent polymers. Baby diaper is the most dominant application market for superabsorbent polymers. It accounted for around two-third shares of the total market in 2014. Adult incontinence products accounted for second largest application market for SAP in 2014. Adult incontinence products market for superabsorbent polymers is expected to be the fastest growing application market during the forecast period.
North America, Europe, Asia-Pacific, Latin America and Middle East & Africa are the key regional segments of the global superabsorbent polymers market. Global superabsorbent polymers market was dominated by the North America with around 28% share of the market in 2014. North America was followed by Europe and Asia-Pacific. North America and Europe were the major markets for superabsorbent polymers market owing to high level of awareness among the people about personal hygiene. However, rapid growth in population, as well as the industrial surge in emerging economies, is expected to boost demand for SAP in the Asia Pacific region.
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The study of Superabsorbent Polymer market includes major companies operating in the Global are Nippon Shokubai Co. Ltd, BASF SE, Bayer AG, Formosa Plastics Group, LG Chem Ltd., Mitsubishi Chemical Holdings Corp., SDP Global Co. Ltd., SUMITOMO SEIKA CHEMICALS Co., Ltd., Evonik Industries AG and Sinopec Group.
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