3-June-2019: The global super absorbent polymer market size
is poised to reach USD 12.13 billion by 2025, according to a new study by Grand
View Research, Inc., posting a CAGR of 6.2% during the forecast period. Growing
demand from various application sectors such as baby diapers, adult
incontinence products, agriculture, and female hygiene products is expected to
drive the market during the forecast period.
Super absorbent polymer is a
key component of baby diapers. SAPs are used to absorb and retain fluids under
moderately high pressure. Emerging regions such as Asia Pacific and Central
& South America are likely to witness a sharp rise in the demand for baby
diapers owing to growing population, rising disposable income, and increasing
awareness regarding benefits of synthetic baby diapers, which are estimated to
play a key role in the development of the overall market.
Factors such as constantly
developing medical infrastructure, technological advancements, and growing
accessibility to medical treatments have resulted in an increase in life
expectancy rates. Growing life expectancy is expected to further supplement the
growth of the adult incontinence product market and, in turn, boost the growth
of the SAP market.
Super absorbent polymers find
application in the agriculture industry owing to their water retention and
water absorbing properties, which makes them perfectly suitable for
agricultural applications, particularly in water-scarce regions. These super
absorbent polymers increase crop yield and water use efficiency. Problems such
as diversified soil characteristics, paucity of large cultivable land, and
underprivileged conditions of farmers result in inability to adopt expensive
and latest technologies and agricultural methods.
In
depth research report on Super Absorbent Polymer Market
Further
key findings from the repot suggest:
· In
terms of revenue, Europe dominated the global super absorbent polymer market.
It is anticipated to expand at a CAGR of 6.1% during the forecast period.
· Baby
diapers were the largest application segment in the market in 2017 and are
projected to maintain their dominance through 2025
· Agriculture
is poised to be the most promising application segment, rising at a CAGR of
7.3% over the forecast period. The growth of the segment can be attributed to
ongoing extensive research conducted by governments and agricultural agencies
in countries such as the U.S., China, and India to pave way for novel
applications of super absorbent polymers
· Asia
Pacific is likely to exhibit the fastest CAGR of 7.2% during the forecast
period. Increasing demand from various application segments in the region,
particularly in China and India, is projected to supplement the growth of the
market.
Grand View Research has
segmented the global super absorbent polymer market on the basis of application
and region:
Super
Absorbent Polymer Application Outlook (Volume, Kilotons; Revenue, USD Million,
2014 - 2025)
· Agriculture
· Baby
Diapers
· Adult
Incontinence Products
· Female
Hygiene Products
· Others
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About
Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, the company offers market
intelligence studies ensuring relevant and fact-based research across a range
of industries including technology, chemicals, materials, healthcare and
energy.
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