Super Absorbent Polymers have various end-uses including newborn diapers, adult incontinence pads, and surgical dressings. The demand would be boosted by rising literacy rates, increased purchasing capacity, and a greater emphasis on healthcare. Health spending per household in the United States, for example, was USD 8,745 in 2014 and about USD 11,500 in 2017. In the coming years, these trends will fuel the demand for superabsorbent polymers. Moreover, International organizations such as the United Nations Educational, Scientific, and Cultural Organization (UNESCO), the World Bank, the World Health Organization (WHO), the United Nations Children’s Fund (UNICEF), and other local organizations have launched advertising campaigns on menstrual hygiene, the distribution of feminine care, and other topics. Aakar Innovation Pvt. Ltd., Azadi, Jayashree Industries, and Saathi Healthcare are only a few of the small businesses that offer inexpensive feminine hygiene products in the APAC region. Similarly, the Kenyan government set aside $4 million to provide schoolgirls with free sanitary napkins. In developed countries, feminine grooming is a marketable quotient. Government initiatives and public awareness campaigns are pushing the growth of the superabsorbent polymer market. However, high raw material costs and availability of raw materials may impede market growth over the forecast period of 2021-2027.
Global Super Absorbent Polymers (SAP) Market is anticipated to grow with a healthy growth rate of more than 5.9 % over the forecast period 2021-2027.
The regional analysis of the global Super Absorbent Polymers (SAP) Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America is the dominating region across the world in terms of market share due to the rising number of end-use industries in the region is also leading to innovations and developments in the field of super absorbent polymers in the region. Whereas the Asia Pacific is anticipated to exhibit the highest growth rate over the forecast period 2021-2027 owing to the rise in the healthcare sector, increase in demand for diapers due to the increasing population.
Major market player included in this report are: Nippon Shokubai, BASF SE, Evonik, Sumitomo, LG Chem, SDP Global, Formosa, Yixing Danson, Satellite Science & Technology Co., Ltd., Kao Corporation
The detailed segments and sub-segment of the market are explained below:
By Type: Sodium Polyacrylate, Polyacrylate/Polyacrylamide, Copolymers, Others
By Application: Personal Hygiene, Agriculture, Medical, Industrial, Others
By Region: North America, Europe, Asia Pacific, Latin America, Rest of the World
Furthermore, the years considered for the study are as follows:
Historical year – 2017, 2018-19
Base year – 2019-2020
Forecast period – 2021 to 2027.
Target Audience of the Global Super Absorbent Polymers (SAP) Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
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