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"
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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