Super absorbent polymers (SAP) are cross-linked polymers that can absorb and retain large amounts of water and aqueous fluids. SAPs find application in baby diapers, adult incontinence products, feminine hygiene products, and other absorbent care products. They help keep the skin dry and maintain proper hygiene. The growing baby population worldwide coupled with rising disposable incomes in developing countries is driving the demand for baby diapers made using SAPs.
The global Super Absorbent Polymers Market is estimated to be valued at US$ 9.2 billion in 2023 and is expected to exhibit a CAGR of 6.0% over the forecast period 2024 to 2028, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The increasing demand from baby diapers is one of the key trends propelling the growth of the super absorbent polymers market. According to the United Nations Children’s Fund (UNICEF), the world’s population of children under five years is projected to grow by 23 million between 2020 and 2030, with almost all of the increase in low- and middle-income countries. This rising baby population is expected to boost the demand for baby diapers, which are predominantly made using super absorbent polymers. SAPs allow baby diapers to absorb wetness quickly and lock the liquid away from the skin, keeping the baby dry and comfortable. The increasing sales of disposable baby diapers will drive the need for SAPs over the forecast period.
SWOT Analysis
- Strength: SAPs have high absorbency, biodegradable, and help in maintaining moisture levels in diapers.
- Weakness: Raw materials used for manufacturing SAPs are non-renewable. Cost of SAPs is relatively higher than alternatives.
- Opportunity: Growing demand for adult incontinence products and feminine hygiene products offers growth opportunities.
- Threats: Stringent regulations and availability of alternatives can restrict the market growth. Volatility in raw material prices is also a threat.
Key Takeaways
The global super absorbent polymers market is expected to witness high growth over the forecast period of 2024. Regional analysis Regional analysis, North America dominates the global market and is expected to maintain its position over the forecast period. The increased use of SAPs in adult incontinence products and feminine hygiene products drives the demand in the region. Key players operating in the super absorbent polymers market are BASF SE, Nippon Shokubai Co. Ltd., Evonik Industries, Sumitomo Seika Chemicals Company Ltd, LG Chemicals Ltd. Key players Regional analysis, Asia Pacific region is projected to grow at the fastest pace owing to increasing population, rising disposable incomes, and expanding manufacturing facilities of key players in countries such as China and India.
