Disposable Diapers Segment is Expected to Dominate the Super Absorbent Polymer Market Until 2024
Growing awareness pertaining
to personal hygiene and changing lifestyle are driving the global super
absorbent polymer market during the forecast period
According to
TechSci Research report, “Global Super
Absorbent Polymer Market By Raw Material Type, By Application, By Region,
By Company, Competition, Forecast & Opportunities, 2024”, Global super absorbent polymer market is anticipated to
grow at CAGR of over 5% during the forecast period on account of growing demand
for the segment due to its application in various end user industries for
applications such as female hygiene, disposable diapers, among others.
Moreover, increasing population and growing need for environment friendly and
non-toxic material for diapers and sanitary pads, are positively impacting the
growth of the market until 2024.
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Global
super absorbent polymer market can be segmented based on raw material type,
application and region. In terms of application, disposable diapers dominated
the market in 2018 and the trend is likely to continue in the forthcoming years
as well. This is due to the increasing birth rate, increasing geriatric
population and increasing disposable income. Another factor that is positively
influencing the growth of the polymer is increasing awareness pertaining to
personal hygiene.
Asia
Pacific is the leading region in the global super absorbent polymer market
owing to booming e-commerce industry, changing lifestyle and growing demand
from developing economies such as China, India, among others.
Nippon
Shokubai Co., Ltd., BASF SE, Evonik Industries AG, Sanyo Chemical Industries
Ltd., LG Chem Ltd., Sumitomo Chemical Co. Ltd., Formosa Plastics Corporation, Yixing
Danson Technology Co., Ltd., Kao
Corporation, Zhejiang Satellite Petro-Chemical Co. Ltd., among others are key
players operating in the global super absorbent polymer market. Key players
operating in the market are strategies such as introduction of several brands,
investment in research & development so as to increase their share in the
market.
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“On account of
growing awareness related to water retention properties of super absorbent
polymer, there has been an ongoing shift from the traditional hygiene products
to super absorbent polymer-based diapers and female hygiene products.
Additionally, increasing consciousness about the personal hygiene, surging
water-borne diseases and changing lifestyle choices are contributing to the
growing popularity and utilization of sanitizers, tissues, among others.” said
Mr. Karan Chechi, Research Director with TechSci Research, a research based
global management consulting firm.
“Global Super Absorbent Polymer By Raw
Material Type, By Application, By Region, By Company, Competition, Forecast
& Opportunities, 2024” has evaluated
the future growth potential of global Super Absorbent Polymer market and
provides statistics & 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 decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges and opportunities in global super absorbent polymer market.
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