According to a new report, published by KBV research, The Global Super Absorbent Polymer Market size is expected to reach $12.6 billion by 2030, rising at a market growth of 6.4% CAGR during the forecast period. In the year 2022, the market attained a volume of 3,168.0 kilo tonnes, experiencing a growth of 4.3% (2019-2022).
The Sodium Polyacrylate segment is leading the Global Super Absorbent Polymer Market by Type in 2022; thereby, achieving a market value of $10 billion by 2030. Personal care items, including feminine hygiene products, adult incontinence products, and diapers, contain sodium polyacrylate as a key component. Its capacity to absorb and retain substantial quantities of liquid ensures effective moisture management, offering users comfort and dryness. Using sodium polyacrylate has contributed to developing high-performance and efficient personal care products, driving demand in this segment. Sodium polyacrylate is employed in the food packaging industry to control moisture levels in humidity-sensitive products. This includes electronic devices, pharmaceuticals, and certain food items.
The Agriculture segment is registering a CAGR of 6.8% during (2023 - 2030). SAPs are used to coat seeds or incorporated into seedbeds to enhance seed germination. The water-absorbing capacity of SAPs ensures that seeds have access to sufficient moisture for germination, even in challenging soil conditions. This results in better establishment of crops. SAPs can be used to optimize fertilizers by improving nutrient retention in the soil. This is achieved by preventing the leaching of nutrients through excess water, ensuring that crops receive a more efficient and targeted supply of essential nutrients.
The Asia Pacific region dominated the Global Super Absorbent Polymer Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $5.4 billion by 2030. The North America region is anticipating a CAGR of 5.9% during (2023 - 2030). Additionally, The Europe region would exhibit a CAGR of 6.2% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/super-absorbent-polymer-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country-wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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 Geography (Volume, Kilo Tonnes, USD Billion, 2019-2030)
Companies Profiled