The North America Super Absorbent Polymer Market would witness market growth of 5.9% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 818.3 kilo tonnes, showcasing a growth of 4.0% (2019-2022).
A notable trend in the SAP is the growing interest in biodegradable and eco-friendly formulations. Manufacturers are investing in research and development to create SAPs that break down naturally, addressing concerns about the environmental impact of traditional polymers. This trend aligns with the broader shift toward sustainability and responsible manufacturing practices. With the increasing focus on precision agriculture and smart farming, SAPs are being integrated into advanced agricultural practices. Smart agriculture involves using technology to optimize crop yields and resource utilization. SAPs play a role in improving water efficiency, allowing for more precise control over irrigation and nutrient delivery.
Ongoing innovations in the medical field involve the incorporation of SAPs into new medical devices and treatment methods. This includes the development of smart wound dressings that release drugs or antimicrobial agents based on the specific needs of the wound. Such innovations aim to enhance patient care and improve treatment outcomes. Furthermore, the availability of nanostructured SAPs with improved characteristics has resulted in developments in nanotechnology. These nano-sized polymers exhibit improved water absorption rates and increased stability, opening new possibilities for applications in drug delivery systems, wound care, and high-performance materials.
As the aging population becomes more health-conscious and aware of available solutions in Canada, there is likely to be an increased understanding of the benefits of SAPs in adult incontinence products. With a growing aging population in Canada, there is a trend toward home healthcare solutions. SAPs are used in various forms in Canada, such as pads and briefs, providing caregivers and elderly individuals with effective and convenient incontinence management options. According to the Canadian Institute for Health Information, Canada's senior population of those 65 and older will expand by 68% over the next 20 years. It has more than tripled in size in the last 40 years. In 2017, it was around 6.2 million. It is anticipated to reach 10.4 million in 2037. This population in Canada is projected to increase by 2.1 times by 2037 from its size in 2017. The factors mentioned above will drive the regional market growth.
The US market dominated the North America Super Absorbent Polymer Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $2,407.6 Million by 2030. The Canada market is showcasing a CAGR of 8.2% during (2023 - 2030). Additionally, The Mexico market would register a CAGR of 7.3% during (2023 - 2030).
Based on Type, the market is segmented into Sodium Polyacrylate, Polyacrylate/Polyacrylamide, and Others. Based on Application, the market is segmented into Personal Hygiene, Agriculture, Industrial, Medical, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Super Absorbent Polymer Market is Predict to reach $12.6 Billion by 2030, at a CAGR of 6.4%
The market research report covers the analysis of key stakeholders of the market. Key companies profiled in the report include BASF SE, LG Chem Ltd. (LG Corporation), Formosa Plastics Group, Evonik Industries AG (RAG-Stiftung), Kao Corporation, Sanyo Chemical Industries, Ltd., Songwon Industrial Co., Ltd., Nippon Shokubai Co., Ltd., Sumitomo Seika Chemicals Co. Ltd., and Chase Corporation.
By Type (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By Application (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By Country (Volume, Kilo Tonnes, USD Billion, 2019-2030)
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