Market Research Report
Super Absorbent Polymers (SAP) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025
|Published by||IMARC Services Private Limited||Product code||930544|
|Published||Content info||106 Pages
Delivery time: 2-3 business days
|Super Absorbent Polymers (SAP) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025|
|Published: March 12, 2020||Content info: 106 Pages||
The global super absorbent polymers (SAP) market is currently witnessing strong growth. Super absorbent polymers refer to water-absorbing materials that are used in the manufacturing of various personal care products. SAPs are usually white sugar-like hygroscopic substances that absorb water to form transparent gel-based particles. These particles can retain moisture under pressure without rupturing or conflagrating. Apart from this, SAPs are also used in agricultural fields to increase the water holding capacity of the soil. They are commonly manufactured using suspension, solution and gel polymerization and find extensive application across various industries, including automotive, construction and packaging.
The growing demand from the agricultural sector, along with the rising health consciousness among consumers across the globe, represents as one of the key factors driving the growth of the market. SAPs, such as polyacrylamide, are commonly used in agricultural fields to improve soil quality, preserve water, facilitate seedling development and seed sprouting and enhance resistance to drought stress. They also aid in soil stabilization and flocculation of suspended particles and support rain-fed irrigation. Furthermore, increasing adoption of personal hygiene products is also providing a boost to the market growth. There is a significant increase in the preference for fluff-less baby diapers, feminine hygiene products and adult incontinence products, which are thinner, softer and provide improved absorption. Additionally, SAPs are increasingly being utilized in the manufacturing of food packaging products, adhesives, coatings and paper, which is creating a positive outlook for the market growth. Other factors, including rapid urbanization and extensive research and development (R&D) activities to manufacture bio-based SAPs, are projected to drive the market further in the coming years. Looking forward, IMARC Group expects the market to reach a value of US$ 11.8 Billion by 2025, registering a CAGR of nearly 6% during 2020-2025.
The competitive landscape of the industry has also been examined with some of the key players being BASF, Evonik Industries, Formosa Plastics Group, Kao Corporation, LG Chem Ltd., Nippon Shokubai, Satellite Science and Technology Co. Ltd., SDP Global Co. Ltd., Sumitomo Seika Chemicals Company Ltd., Yixing Danson Technology Ltd. etc.