PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1454236
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1454236
The super absorbent polymers Market size is valued at US$ 9.25 Bn in 2024 and is expected to reach US$ 14.16 Bn by 2031, growing at a compound annual growth rate (CAGR) of 6.3% from 2024 to 2031.
Report Coverage | Report Details | ||
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Base Year: | 2023 | Market Size in 2023/2024: | US$ 9.25 Bn |
Historical Data for: | 2019 to 2023 | Forecast Period: | 2024 - 2031 |
Forecast Period 2023/2024 to 2030/2031 CAGR: | 6.30% | 2030/2031 Value Projection: | US$ 14.16 Bn |
Global super absorbent polymers (SAP) market is expected to witness significant growth due to rising demand from various end use industries including baby diapers, adult incontinence products, feminine hygiene products and others. SAP plays a vital role in absorbing and retaining liquids in these products. They can absorb hundreds of times their own weight in aqueous liquids within seconds. Rising global population is coupled with increasing health awareness is boosting demand for disposable diapers and feminine hygiene products, thus fueling growth of the market. Development of bio-based and sustainable superabsorbent materials utilizing agricultural waste is anticipated to present new opportunities in the near future. However, availability of alternative absorbent materials may hinder the market growth to some extent. Super absorbent polymers are polymeric materials that have excellent water absorbency power as they can absorb 400-800 times water than their weight. SAP is widely used in personal &hygiene products such as adult continence products, baby diapers, and sanitary napkins. Diaper manufacturing is the largest application area of super absorbent polymers, however, they also have agricultural applications.
Global super absorbent polymers market is driven by rising demand from baby diapers industry. Growing global population, increasing birth rates, and rising disposable income in developing regions have augmented sales of baby diapers worldwide. SAP finds widespread usage in modern high-performance diapers owing to its high absorption and retention capabilities. Expanding adult incontinence products market particularly in developed nations due to aging population also acts as a key growth driver. In addition, changing lifestyles, increasing participation of women in workforce, and growing awareness about hygiene are some factors boosting sales of feminine hygiene products, thus propelling the SAP demand. However, availability of alternative absorbent materials can hinder the market growth. Ongoing research and development (R&D) for development of bio-based and sustainable superabsorbent materials by using agricultural waste presents new opportunities in thenear future.