Global Superabsorbent Polymer Market - 2024-2031

Overview

Global Superabsorbent Polymer Market reached US$ 8.8 billion in 2023 and is expected to reach US$ 13.4 billion by 2031, growing with a CAGR of 6.4% during the forecast period 2024-2031.

Amid a wave of innovative developments in the polymer industry, 2022 marked a significant milestone as Sanyo Chemical Industries proudly announced that its wholly-owned subsidiary, SDP Global Co., achieved a breakthrough by developing an eco-friendly superabsorbent polymer (SAP).

The SAP, utilizing plant-based biomass as a primary raw material, earned the esteemed Biomass Mark certification from the Japan Organics Recycling Association, underscoring Sanyo Chemical's dedication to sustainable practices. Similarly, in 2023, BASF embarked on a noteworthy venture, commencing production at its cutting-edge Superabsorbent Excellence Center situated in Antwerp, Belgium. With a substantial €25 million investment, BASF demonstrated a resolute commitment to the hygiene business, recognizing its pivotal role within the company's acrylics value chain.

Asia-Pacific, with a surge in economic growth and increased disposable income, particularly in countries like China, India and Japan, has witnessed a notable uptick in consumer spending on personal care products. For instance, on June 9, 2021, State-owned Bharat Petroleum Corp Ltd (BPCL) outlined plans to construct a superabsorbent polymer plant near its petrochemical complex in Kochi, with an annual capacity of 50,000 Tons.

The company's strategic approach includes the initial development of a demonstration plant with a 200 Tons per year capacity, followed by the establishment of a full-scale commercial plant. The SAP facility will receive feedstock from BPCL's recently commissioned acrylic acid plant, a key component of its propylene derivatives petrochemical project in Kochi, exemplifying the region's dynamic growth in the superabsorbent polymer market.

Dynamics

Surging Demand for Superabsorbent Polymers in Agriculture

The rising demand for superabsorbent polymers stems from their remarkable capacity to absorb and retain substantial volumes of water, surpassing their own weight several times over. When integrated into the soil or mixed with irrigation water, these polymers create a reservoir capable of absorbing and storing water. The reservoir proves invaluable to plants during dry periods, mitigating water loss through evaporation and significantly enhancing water-use efficiency in agricultural fields.

For instance, on July 1, 2023, superabsorbent polymers were employed in water-saving techniques within the agricultural industry. Leveraging their water absorption capacity, these polymers positively impact soil retention and microbial activities, contributing to sustainable agricultural practices. The environmentally friendly attributes further bolster the adoption of superabsorbent polymers, positioning them as a promising solution for addressing water scarcity challenges and promoting sustainable options in agriculture.

Heightened Awareness of Water Scarcity

The escalating awareness of water scarcity issues has become a significant driver for the superabsorbent polymer market, due to their remarkable water absorption capabilities. The polymers possess the ability to store substantial amounts of water, making them invaluable in water storage applications, particularly in environments where water availability is limited, such as in irrigation and horticulture. The consistent maintenance of moisture levels is a critical advantage offered by superabsorbent polymers.

In a groundbreaking development, MIT Engineers have introduced a revolutionary superabsorbent hydrogel material with the capacity to extract water from the air, even in extremely arid conditions. As exemplified on July 5, 2023, this material serves as a passive water collector, drawing in air vapors and condensing them into moisture without any leakage.

Demonstrating exceptional water absorption and retention capabilities, including the absorption of salt-infused water, this innovation further underscores the pivotal role of superabsorbent polymers in addressing water scarcity challenges, presenting them as a key solution for sustainable water management practices.

Superabsorbent Polymer Cost-Effective Process

Developing and producing superabsorbent polymers involves using chemicals and energy, which impact the environment. Additionally, the disposal of used superabsorbent polymers can contribute to waste management challenges as they are typically non-biodegradable. Superabsorbent polymer production is more expensive than traditional materials, limiting their widespread use, especially in cost-sensitive applications.

Superabsorbent polymers are highly effective in absorbing water, due to their absorption capacity for other liquids such as oils or solvents may be limited. The restricts their use in certain industries or applications where these liquids are present. The superabsorbent polymer absorbs water and forms a gel and expands in volume. The expansion can sometimes lead to issues such as increased weight and bulkiness, which makes it a challenging situation to handle certain products.

Segment Analysis

The global superabsorbent polymer market is segmented based on product, application and region.

Advancement in the Performance of Diapers

Recent breakthroughs in superabsorbent polymer technology have significantly elevated the performance of diapers. The latest generation of these polymers exhibits enhanced water absorption capabilities, effectively capturing and retaining substantial liquid volumes. The advanced technology plays a crucial role in locking away moisture, ensuring the diaper's surface remains dry. The outcome is an elevated level of comfort for babies and a reduction in the frequency of diaper changes, aligning with the evolving expectations of modern parents.

In a notable collaboration, exemplified on September 25, 2019, LG Chem and ADM forged a strategic joint development agreement. Its collective goal is to produce biobased acrylic acid, a key component crucial in the manufacturing of superabsorbent polymers utilized in hygiene products, specifically diapers.

The partnership is geared towards fostering a sustainable and cost-effective solution by harnessing the potential of renewable resources. By integrating biobased materials into the production of superabsorbent polymers, these companies are contributing to an eco-friendlier approach in the manufacturing process of hygiene products, further emphasizing the industry's commitment to sustainability.

Geographical Penetration

Asia-Pacific Hub for Manufacturing and Production Units

Asia-Pacific is the fastest-growing region in the superabsorbent polymer market covering about 1/4th of the market. Asia-Pacific is a hub for manufacturing activities that include the production and manufacturing of personal care and hygiene products. As the manufacturing sector expands there is a growing demand for superabsorbent polymer as a raw material. Superabsorbent polymer-based products provide convenience and superior absorption properties that make them popular choices for adoption in urban areas.

Nippon Shokubai, through its subsidiary Nippon Shokubai Europe N.V. (NSE), has obtained biomass certification for its superabsorbent polymers from the International Sustainability and Carbon Certification (ISCC). For instance, On 13 July 2021, this certification aligns with the company's goal of achieving carbon neutrality by 2050. Superabsorbent polymers, a key material used in disposable diapers, are traditionally made from acrylic acid produced from propylene. However, NSE has developed a process to produce superabsorbent polymers using acrylic acid derived from biomass-derived propylene.

Competitive Landscape

The major global players include LG Chem, BASF SE, Sanyo Chemicals Industries, Zheijiang Satellite, Formosa Plastics, Nippon Shokubai, Evonik, Sumitomo Chemicals, Yixing Denson Technology, Songwon Industrial.

COVID-19 Impact Analysis

The global supply chains for superabsorbent polymers (SAP) have experienced disruptions amid the rise of the pandemic. Government-imposed lockdowns, travel restrictions and a reduced workforce have collectively contributed to challenges in the procurement and transportation of raw materials, causing notable delays in the production and distribution of SAP.

The dynamics of the superabsorbent polymer market have been influenced by shifts in consumer behavior during the pandemic. Notably, there has been an increased demand for specific applications of superabsorbent polymers, particularly in the realm of medical supplies. Conversely, the overall demand for superabsorbent polymer products, such as diapers and hygiene items, may have experienced fluctuations due to evolving consumer priorities and economic uncertainties. The nuanced changes underscore the adaptability of the superabsorbent polymer market to the evolving landscape, reflecting the industry's resilience in navigating challenges posed by global disruptions.

Russia-Ukraine War Impact

Russia and Ukraine have reverberated across supply chains, creating disruptions in the transportation of both raw materials and finished products. The disturbance is likely to have repercussions on the production and availability of superabsorbent polymer (SAP) in the region, potentially leading to supply shortages or fluctuations in prices.

Geopolitical tensions between the involved countries have resulted in the imposition of trade restrictions and economic sanctions. The measures can significantly impede the import and export of various goods, including superabsorbent polymers. Consequently, the availability and cost of these essential materials may be adversely affected by the geopolitical landscape.

Moreover, the conflict has deterred companies from making investments in the affected regions, adding another layer of uncertainty to the superabsorbent polymer market. The reluctance to invest can further impact the industry's growth prospects, as companies navigate the challenges posed by geopolitical tensions and make strategic decisions based on the evolving geopolitical scenario.

By Product

• Sodium Acrylate
• Polyacrylamide Copolymer
• Bio-Based SAP
• Others

By Application

• Feminine Hygiene Products
• Baby Diapers
• Agriculture
• Medical
• Industrial
• Others

By Region

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Rest of Europe
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
• Middle East and Africa

Key Developments

• On September 2023, Sanyo Chemical Industries announced that its wholly owned subsidiary SDP Global Co. has developed an eco-friendly superabsorbent polymer (SAP) made using plant-based biomass as part of its raw materials and has acquired the Biomass Mark certified by the Japan Organics Recycling Association.
• On 17 Nov 2020, Nippon Shokubai Co., Ltd., LiveDo Corporation and Total Care System Co., Ltd. collaborated to develop a new technology for recycling superabsorbent polymers (SAPs) in used disposable diapers. The development comes in response to the increasing use of disposable diapers and the need to promote recycling. The technologies aim to reduce energy consumption during recycling and protect water quality. The developed recycling technologies can be applied to various SAPs produced by Nippon Shokubai and other SAPs globally.
• On 25 March 2021, BASF SE is investing 25 million in building a Superabsorbent Excellence Center at its Verbund site in Antwerp, Belgium, to strengthen product development for superabsorbent polymers. The company aims to enhance innovation capabilities and accelerate the scale-up process by equipping the new pilot plant with advanced data collection and sensor technology.

Why Purchase the Report?

• To visualize the global superabsorbent polymer market segmentation based on product, application and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of superabsorbent polymer market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as Excel consisting of key products of all the major players.

The global superabsorbent polymer market report would provide approximately 53 tables, 49 figures and 186 Pages.

Target Audience 2024

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies