Press Release

Nippon Shokubai Leading $6 Billion Super Absorbent Polymers Market

Improving health and hygiene standards coupled with growing demand for environment friendly products to drive global super absorbent polymers market through 2026

According to TechSci Research report, Global Super Absorbent Polymers Market By Raw Material Type, By Application, By Region, Competition Forecast & Opportunities, 2012-2026’’, global super absorbent polymers market is forecast to cross $10 billion by 2026, on account of rising demand for disposable diapers and adult incontinence products. Booming disposable diaper sales across the globe can be attributed to rising birth rate coupled with increasing purchasing power. Global diapers market was valued at USD53 billion in 2015 and the market is forecast to grow at a CAGR of over 5% during 2015-2022 to reach USD77 billion by 2022. Moreover, shifting consumer preference from cotton cloth to sanitary pads and rising demand for ultrathin diapers is projected to augur well for global super absorbent polymers market through 2026. Further, growth in global super absorbent polymers market can be also be attributed to booming demand from packaging and wastewater treatment sectors.

Browse 3 market data Tables and 60 Figures spread through 130 Pages and an in-depth TOC on "Global Super Absorbent Polymers Market"

https://www.techsciresearch.com/report/global-super-absorbent-polymers-market-by-raw-material-type-sodium-polyacrylate-polyacrylamide-co-polymer-etc-by-application-disposable-diapers-adult-incontinence-etc-by-region-competition-forecast-opportunities/1048.html

Demand for sodium polyacrylate based super absorbent polymers is expected to witness strong growth across the globe in the coming years, due to increasing demand from paints & coatings industry. Global paints & coatings market was estimated at USD145 billion in 2017 and is projected to grow at a CAGR of over 5% to reach USD208 billion by 2024. Additionally, surging demand for super absorbent polymers in oil & gas industry and shift towards alternate raw materials for development of absorbent polymers is also boosting growth in global super absorbent polymers market. Some of the major super absorbent polymer manufacturers include Nippon Shokubai, BASF SE, Evonik Industries, Sanyo Chemical Industries, LG Chemicals, Sumitomo Chemical Co Ltd, Formosa Plastics Corporation, Yixing Danson Technology Co., Ltd., Kao Corporation, Zhejiang Satellite PetroChemical Co. Ltd, Songwon Industrial Co., Ltd., etc. Furthermore, leading market players such as LG Chem and Sumitomo Seika are focusing on expanding their production capacities to cater the growing demand for super absorbent polymers.

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 “Growing awareness about water retention ability of super absorbent polymers makes them useful in agriculture sector. Super absorbent polymers increase water holding capacity of the soil and enhance soil permeability, which further helps crops to get better nutrients. Escalating drought incidences in countries such as India and southern & eastern parts of Africa is projected to propel demand for super absorbent polymers during the forecast period, however, global diapers market would continue its dominance as the largest end user segment through 2026.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

Global Super Absorbent Polymers Market By Raw Material Type, By Application, By Region, Competition Forecast & Opportunities, 2012-2026 has evaluated the future growth potential of global super absorbent polymers market and provides statistics and information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyzes emerging trends along with essential drivers, challenges and opportunities in global super absorbent polymers market.

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Relevant Reports

Global Super Absorbent Polymers Market By Raw Material Type (Sodium Polyacrylate, Polyacrylamide Co-polymer, etc.), By Application (Disposable Diapers, Adult Incontinence, etc.), By Region, Competition Forecast & Opportunities, 2012-2026

Chemicals | Jun, 2017

Improving health and hygiene standards coupled with growing demand for environment friendly products to drive global super absorbent polymers market through 2026

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