Vendor landscape of the global superabsorbent
polymers market is highly consolidated as the top six players
accounting for nearly 90% of the overall market in 2013. Among them
Bayer AG, Nippon Shokubai Co. Ltd, Formosa Plastics Group, BASF, and
Mitsubishi Chemical Holdings Corporation were most notable, finds
Transparency Market Research (TMR), in a new study. These companies
are focusing on various strategies to gain a stronger foothold in the
market. For instance, the leading players are paying attention on
diversifying their product portfolio to remain competitive through
the forecast period.
TMR forecasts the global superabsorbent polymers
market to exhibit a CAGR of 5.5% between 2014 and 2020. At this pace,
the market will reach US$8.78 bn by the end of 2020, from US$60.06 bn
in 2013. Regionally, while North America dominated the market in
2013, Asia Pacific is expected to report the leading CAGR during the
aforementioned forecast period. Based on application, the baby
diapers industry held the dominant share of 74% in the market in
2013, and is expected to remain the lead even in the forthcoming
years.
This 81 page report gives readers a
comprehensive overview of the Superabsorbent Polymers market. Browse
through 24 data tables and 75 figures to unlock the hidden
opportunities in this market@
Rising Demand for Baby Diapers Industry to
Boost Growth
Considering the dominance of the baby diapers
industry, the rising demand for baby diapers witnessed especially in
emerging nations across Asia Pacific will create growth opportunities
for the market. Besides this, the demand for adult diapers has
increased as well owing the rising incidence of chronic ailments
worldwide. Spurred by these factors, the superabsorbent polymers
market will exhibit strong growth in the coming years. With
governments around the world launching initiatives to promote hygiene
and wellness among people living in remote years, the demand for
superabsorbent polymers is expected to surge further in the near
future.
While over the next few years, the diapers
industry is expected to remain at the fore, the market will witness
steadily rising demand from agriculture, construction, and medical
industries. Superabsorbent polymers have high absorbing and retaining
power, due to which, their application is forecast to diversify in
the coming years. For instance, in the agriculture industry,
superabsorbent polymers are used for potting soil. Besides this,
their application in the medical designs manufacturing has gained
pace as well. In the construction industry, superabsorbent polymers
are used in cable wires.
Volatility in Raw Material Prices to Pose
Threat
While rising application to remain key to the
market’s upward trajectory, growth is projected be hindered by
fluctuating prices of acrylic acid, which is a major raw material
that goes in the production of superabsorbent polymers. Given the
scenario and rising environmental concerns, companies are compelled
to look for bio-based materials. Superabsorbent polymers are now
being derived from bio-based materials by using starch and cellulose.
This is expected to keep the demand for superabsorbent polymers high
in the forthcoming years.
Also the rising demand from emerging nations such
as India and China will act in favor of the market’s growth. Of
course, the demand for non-toxic variants of superabsorbent polymers
is expected to be higher than the rest in the coming years.
Get accurate market forecast and analysis on
the Superabsorbent Polymers market. Request a sample to stay abreast
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This review is based on a TMR report, titled
“Superabsorbent Polymers Market (Product - Sodium Polyacrylate,
Polyacrylamide Copolymer, Ethylene-maleic Anhydride Copolymer, and
Polyvinyl Alcohol Copolymers; Application - for Baby Diapers, Adult
Incontinence Products, Feminine Hygiene Products, Paper Packaging,
Agriculture Products, and Medical Products)- Global Industry
Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020.”
The report segments the global superabsorbent
polymers market as:
Superabsorbent Polymers (SAP) Market -
Product Segment Analysis
- Sodium polyacrylate
- Polyacrylamide copolymer
- Others (Ethylene-maleic anhydride copolymer, polyvinyl alcohol copolymers, etc.)
Superabsorbent Polymers (SAP) Market -
Application Analysis
- Baby diapers
- Adult incontinence products
- Feminine hygiene products
- Others (Paper packaging, medical, agriculture, etc.)
Superabsorbent Polymers (SAP) Market -
Regional Analysis
- North America
- Europe
- Asia Pacific
- Rest of the World (RoW)
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