According to a new report by Expert Market Research titled, ‘Global Super Absorbent Polymer (SAP) Market Report and Forecast 2020-2025’, the global demand for super absorbent polymers (SAP) reached a volume of around 2.8 million metric tons in 2019. Further, the demand for the product is expected to grow at a CAGR of 5.3% over the forecast period of 2020-2025 to reach a volume of 3.8 million metric tons by 2025.
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The growing production of acrylic acid, which is a raw material for super absorbent polymers (SAP), is expected to further aid the global super absorbent polymer (SAP) industry. In October 2019, Arkema (EPA: AKE), a specialty chemicals and advanced materials company, announced the installation of a new acrylic acid reactor with a capacity of 90,000-ton at its Clear Lake, Texas site to support the growth of its North American customers in the adhesives, superabsorbents, paints, and water treatment markets. Further, in Europe, the demand for super absorbent polymer (SAP) is expected to grow stably, mainly in Central Europe and Eastern Europe. In October 2018, NIPPON SHOKUBAI CO., LTD. (OTC: NPSHY), one of the key players in the super absorbent polymer (SAP) industry, expanded its production facility of super absorbent polymer (SAP) as well as acrylic acid at its subsidiary, NIPPON SHOKUBAI EUROPE N.V., in order to meet the growing demand for the product in the region. Such developments are expected to further drive the growth of the global super absorbent polymer (SAP) market over the forecast period.
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Market Breakup by Applications:
- Disposable Baby Diapers
- Adult Incontinence Products
- Feminine Hygiene Products
Super absorbent polymer (SAP) finds applications in the production of disposable baby diapers, adult incontinence products, and feminine hygiene products, among others.
Market Breakup by Regions:
1 North America
1.1 United States of America
2.2 United Kingdom
3 Asia Pacific
4 Latin America
5 Middle East & Africa
5.1 Saudi Arabia
5.2 United Arab Emirates
5.4 South Africa
Region-wise, the super absorbent polymer (SAP) market can be divided into North America, the Asia Pacific, Europe, Latin America, and the Middle East and Africa.
Competitive Landscape & Supplier Analysis:
- Nippon Shokubai Co., Ltd.(TYO: 4114)
- BASF SE (OTCMKTS: BASFY)
- Sumitomo Seika Chemicals Co., Ltd (TYO: 4008)
- Evonik Industries AG (OTCMKTS: EVKIF)
- SDP Global Co., Ltd
- LG Chem Ltd,(KRX: 051910)
- Yixing Danson Technology
- Formosa Plastics Corporation
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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
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