Global Super Absorbent Polymers (SAP) Market to Surpass US$ 14.16 Bn by 2031, Owing to Key Market Players Focusing on Product Launches
Super Absorbent Polymers (SAP) Market, By Type (Sodium Polyacrylate, Poly Acrylamide Co-polymer, and Others), By Application (Disposable Diapers, Adult Inconsistence products, Feminine Hygiene Products, and Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) is estimated to be valued at US$ 9.25 Bn in 2024 and is expected to exhibit a compound annual growth rate (CAGR) of 6.28% during the forecast period (2024-2031), as highlighted in a new report published by Coherent Market Insights.
Super absorbent polymers (SAP) are absorbable materials which can absorb a huge amount of aqueous liquid in relation to their size. Super absorbent polymers are white sugar-like hygroscopic products that swell in the presence of water to form a clear gel. Once they absorb water they don to release it hence are ideal materials for use in products such as incontinence products, baby diapers/nappies, and feminine hygiene pads.
Global Super Absorbent Polymers (SAP) Market – Impact of Coronavirus (COVID-19) Pandemic
Global super absorbent polymers (SAP) market has been impacted by the COVID-19 pandemic. According to a , the market is expected to grow at a substantial rate between 2023 and 2030. The pandemic has hindered the market growth, thereby leading to restrictions on manufacturing and production, as well as a rising trend of stocking essential goods. However, the market is projected to grow at a compound annual growth rate (CAGR) of 6.28% and reach US$ 14.16 Bn by 2031. The report also investigates the effect of the pandemic on the Global Super Absorbent Polymers (SAP) Market and its development status. Therefore, the COVID-19 pandemic has had both direct and indirect effects on the global super absorbent polymers (SAP) market, but it is expected to recover and grow in the near future.
The demand for super absorbent polymers (SAP) has been affected by the COVID-19 pandemic. The pandemic led to restrictions on manufacturing and production, as well as a rising trend of stocking essential goods, which impacted the market growth. The increased demand for medical and hygienic products, such as wipes and diapers that use superabsorbent polymers, has partially offset the limited growth experienced due to the pandemic. During the COVID-19 pandemic, the supply chain for super absorbent polymers (SAP) has been significantly affected. There have been disruptions in the supply chain, raw material shortages, and operational difficulties, thereby leading to demand and supply gaps. The complete lockdown and rising cases resulted in restrictions on manufacturing and production, hindering the market growth. However, as industrial activities resumed, there was a high demand for SAP in various applications such as personal hygiene products, agriculture, and healthcare. The rising trend of stocking essential goods due to the pandemic has also resulted in an increased demand for superabsorbent polymers. Despite these challenges, the Global Super Absorbent Polymers (SAP) Market is projected to recover and grow, driven by the increasing demand for hygiene products, agricultural applications, and healthcare products.
Global Super Absorbent Polymers (SAP) Market: Key Developments
- In August 2021, LG Chem announced that the company has successfully produced bio balanced super absorbent polymer and exported to Baby Life, a Jordon-based company. LG Chem Ltd., often referred to as LG Chemical, is the largest South Korean chemical company. The bio-balanced super absorbent polymer is a product based on bio-materials that are derived from renewable waste oil and palm byproducts.
- In November 2020, BASF SE announced that its acrylic value chain project with Adani Group was put on hold due to the COVID-19 pandemic. BASF SE, an initialism of its original name Badische Anilin- und Sodafabrik, is a Europe-based multinational company and the largest chemical producer in the world.
Browse 24 Market Data Tables and 28 Figures spread through 150 Pages and in-depth TOC on “Global Super Absorbent Polymers (SAP) Market”- Forecast to 2031, Global Super Absorbent Polymers (SAP) Market, By Type (Sodium Polyacrylate, Poly Acrylamide Co-polymer, and Others), By Application (Disposable Diapers, Adult Inconsistence products, Feminine Hygiene Products, and Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa).
Link: https://www.coherentmarketinsights.com/market-insight/super-absorbent-polymers-market-4651
Key Takeaways of the Global Super Absorbent Polymers (SAP) Market:
- Global super absorbent polymers (SAP) market was valued at US$ 9.25 Bn in 2024 and is forecast to reach a value of US$ 14.16 Bn by 2031, exhibiting a CAGR of 6.28% between 2024 and 2031
- Key companies covered as a part of this study include Nippon Shokubai Co. Ltd., Evonik Industries AG, BASF SE, Yixing Danson Technology, Kao Corporation, Sumitomo Seika Chemicals Co. Ltd, San-Dia Polymers Global Co. Ltd., Sanyo Chemicals Industries, Formosa Plastics Corporation, and LG Chemicals Ltd.
- Asia pacific region leads the global super polymers (SAP) market
