In 2014, the super absorbent polymers market was worth USD 7.00 billion. Baby diapers are the largest application segment for global super absorbent polymers market. The market is expected to grow significantly on account of factors such as increasing demand of baby diapers over the forecast period. Super absorbent polymers are cross-linked homo polymers which possess the ability to retain and absorb massive amount of liquid compared to their weight.
Industries other than personal care & hygiene are increasingly adopting super absorbent polymers. This is expected to benefit the global industry over the forecast period. Increasing disposable income levels in the developing nations have led to greater demand for the personal care and hygiene products such as adult incontinence products, female sanitary napkins and baby diapers. Such a tendency is expected to aid the global super absorbent polymers market.
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summary of this report @ http://www.grandviewresearch.com/industry-analysis/super-absorbent-polymers-market
Further key findings from the report suggest:
·
Baby diapers accounted for the largest
application segment with a market share of over 70% in 2014. Increase in global
demand for baby diapers, particularly in the emerging nations such as China,
India and Brazil is projected to be the major driving factor for dominance of
the segment. Applications in agriculture segment are projected to witness the
highest growth rate, at an estimated CAGR of 6.6% from 2015 to 2022. Super
absorbent polymers are utilized for water preservation in agricultural
applications, predominantly in regions with water shortage. These polymers also
intensify crop yield, improve water usage efficiency and develop improved soil
properties. Such factors are forecasted to drive the demand for global industry
over the forecast period.
·
Europe accounted for over 30% of the global
super absorbent polymers in 2014 and is expected to continue this governance
over the forecast period. However, emerging economies such as Latin America and
Asia Pacific are supposed to witness a sharp growth rate over the next seven
years. Countries such as India, Brazil and China are expected to lead their
regional markets on account of growing awareness, increasing population and
rising disposable income levels.
·
Global super absorbent polymers market is
amalgamated with few companies leading the market and is characterized by high
threat of new entrants. Major industry participants include BASF SE, Evonik
Industries AG and Nippon Shokubai. These companies have taken numerous tactical
initiatives with the purpose to enhance their product portfolios, production
capability and increase their market share. Other companies such as Sumitomo
Seika Chemicals Co. Ltd., LG Chemical Co., SDP Global Co. Ltd., Songwon
Industrial Co. Ltd., Yixing Danson Technology, Formosa Plastics Corporation and
KAO Corporation are taking ardent steps to gain competitive advantage, increase
their product line and increase their percentage revenue share.
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Grand View Research has segmented
the super absorbent polymers market on the basis of application and region:
Global Super Absorbent Polymers
Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2022)
- Agriculture
- Baby Diapers
- Adult Incontinence Products
- Female Hygiene Products
- Others
Global Super Absorbent Polymers
Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2022)
- North America
- U.S
- Europe
- Germany
- France
- UK
- Asia PacificCentral & South America
- India
- China
- Japan
- Middle East and Africa
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more reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/plastics-polymers-and-resins
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