The global biodegradable superabsorbent material market is expected to reach USD 190 million by 2024, according to a new report by Grand View Research, Inc. Significant usage of bio-based, high-performance absorption polymers in adult incontinence products, disposable diapers, and agriculture applications is likely to boost the industry growth over the forecast period. Furthermore, feminine hygiene sector is anticipated to provide unique opportunities for these environment-friendly polymers over the next few years.
The demand for biodegradable superabsorbent polymers was 42 kilo tons in 2015 and is projected to witness robust growth in numerous applications owing to its superior absorption rate, biodegradability, and biocompatibility with the human skin. In addition, companies are focusing on innovation to develop water retaining polymeric compounds in agricultural applications as well. Companies such as Exotech Bio Solutions Ltd. and Itaconix Corporation manufacture eco-friendly superabsorbent polymers targeting personal hygiene, infant care, and agriculture industries.
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summary of this report @ http://www.grandviewresearch.com/industry-analysis/biodegradable-superabsorbent-materials-market
Further key findings from the report suggest:
·
Disposable diapers segment is expected to
foresee revenue growth at a CAGR of 5.4% from 2016 to 2024. The high birth rate
in developing economies such as China, India, and Brazil are estimated to fuel
the rapid development of the baby diapers sector. This, in turn, is projected
to positively affect the consumption of bio-based polymers in this industry in
the future.
·
Adult incontinence products generated revenue
worth USD 21 million in 2015. The rising geriatric population across the globe
is anticipated to impact the overall demand in the future. Furthermore, this
population group is susceptible to various disorders such as urine incontinence
and glandular diseases, which is another important health factor supporting the
requirements for highly absorbing materials.
·
Biodegradable superabsorbent materials find
applications in the agricultural industry. Their water retention and water
absorbing properties make them perfectly suitable for agricultural
applications, particularly in water scarce regions. These super absorbent
polymers increase crop yield and water use efficiency. The segment is expected
to witness revenue growth at a CAGR of 9% over the forecast period.
·
Asia Pacific generated significant demand worth
12.8 kilo tons in 2015 and is anticipated to witness substantial gains over the
forecast period on account of the broad consumer base and rapid increase in the
disposable income of consumers. This scenario is likely to be reflected in
China, India, and ASEAN countries by 2024.
·
TryEco LLC, Exotech Bio Solutions Ltd., Archer
Daniels Midland Company, Amereq Inc., and Itaconix Corporations are some of the
key players operating in the global biodegradable superabsorbent material
market.
Browse
more reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/specialty-bio-based-and-water-soluble-polymers
Grand View Research has segmented the global biodegradable superabsorbent material market by product, application, and region:
Product Outlook (Volume, Tons; Revenue, USD Thousand, 2013 - 2024)
·
Polyvinyl Alcohol
·
Polyitaconic Acid
·
Polyacrylamide
·
Polysaccharides
Application Outlook (Volume, Tons; Revenue, USD Thousand, 2013 -
2024)
·
Disposable diapers
·
Adult incontinence products
·
Female hygiene
·
Agriculture
·
Medical
·
Others
Regional Outlook (Volume, Tons; Revenue, USD Thousand, 2013 - 2024)
·
North America
o
U.S.
·
Europe
o
Germany
o
UK
o
France
·
Asia Pacific
o
China
o
India
o
Japan
·
Latin America
o
Brazil
·
Middle East & Africa (MEA)
For press
release of this report - http://www.grandviewresearch.com/press-release/global-biodegradable-superabsorbent-material-market
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