Super Absorbent Polymers Market Analysis by Type (Sodium Polyacrylate, Potassium Polyacrylate, Ethylene Maleic Anhydride Copolymers, and Polyacrylamide Copolymer); by Application {Hygienic (Sanitary Products, Baby Diapers, Adult Incontinence Products, and Others), and Non-Hygienic (Packaging, Medical & Healthcare, Agriculture, and Others)– Global Supply & Demand Analysis & Opportunity Outlook 2023-2035
Buy Now Report ID: 4780 | Published Date: Apr 03, 2023
The global super absorbent polymers market size is estimated to reach USD 31.77 Billion by the end of 2035 by growing at a CAGR of 8.90% over the forecast period, i.e., 2023 – 2035. In addition to this, in the year 2022, the market size of super absorbent polymers was USD 11.42 Billion. The growth of the market can be attributed to the increasing export of meat and eggs. Super absorbent polymers are used in the packaging of meat and eggs. In Europe total pigmeat exports in the first eleven months of 2022 came to around 5 million tons, valued at USD 14 billion. Moreover, in 2022, about 2 million metric tons of beef and veal carcass weight equivalent (CWE) were exported from India. In terms of production volume, the CWE for beef and veal in 2023 is predicted to be 2 million metric tons, placing India at the third position globally.
In addition to these, factors that are believed to fuel the market growth of super absorbent polymers include the rise in the demand for personal hygiene products. Superabsorbent polymers are a type of substance that can soak up 300 times its weight in aqueous fluids. They do not subsequently release it after being consumed. As a result, they make excellent materials for items like feminine hygiene pads and liners, incontinence products, and infant diapers and nappies. Besides this, market growth is also expected on the account of the number of people suffering from urine incontinence followed by the growing geriatric population, who face these problems more frequently. In the United States, between 25 and 30 percent of men and women experience urine incontinence which entails countless Americans. OAB, or overactive bladder, is a condition affecting 33 million people in the nation and is characterized by symptoms of urgency, frequency, and urge incontinence.
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Base Year |
2022 |
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Forecast Year |
2023-2035 |
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CAGR |
8.90% |
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Base Year Market Size (2022) |
USD 11.42 Billion |
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Forecast Year Market Size (2035) |
USD 31.77 Billion |
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Regional Scope |
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Growth Drivers
Challenges
The global super absorbent polymers market is segmented and analyzed for demand and supply by application into hygienic and non-hygienic. Out of the two applications of super absorbent polymers, the hygienic segment is estimated to gain the largest market share in the year 2035. The segment is further fragmented into sanitary products, baby diapers, adult incontinence products, and others. The growth of the segment can be attributed to the rise in the number of females going through menstruation which propel the demand for sanitary napkins. Around 350 million women menstruate every day over the world or about 24% of the population in 2019. The number of used pads or tampons per day if everyone used disposable items (2-4 per day) may reach around 2 billion. On the other hand, the rising need for baby diapers and adult diapers is also expected to boost the segment growth. Newborns often use around eight to twelve diapers per day.
The global super absorbent polymers market is also segmented and analyzed for demand and supply by type into sodium polyacrylate, potassium polyacrylate, ethylene maleic anhydride copolymers, and polyacrylamide copolymer. Amongst these four segments, the sodium polyacrylate segment is expected to garner a significant share of around ~60% in the year 2035. The growth of the segment can be attributed to the rising demand for detergents and personal care products, such as hair sprays & conditioners, moisturizers, and others. Fabric detergents accounted for around half of the market for fabric care. About a quarter of the market was made up of various product categories and fabric softeners/enhancers. Sodium polyacrylate is used as a skin conditioner, hair fixative, filmmaker, emulsion stabilizer, and viscosity agent. It also functions as a chelating agent in detergents, neutralizing the heavy metals in dirt and water to improve the cleansing power of the detergent. Owing to its great water molecules holding capacity, it is also employed as a thickening agent.
Our in-depth analysis of the global super absorbent polymers market includes the following segments:
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By Type |
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By Application |
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The market share of super absorbent polymers in North America, amongst the market in all the other regions, is projected to be the largest with a share of about ~35% by the end of 2035. The growth of the market can be attributed majorly to the increasing production of meat and eggs. The U.S. poultry industry is the largest producer, second-largest exporter, and major producer of eggs of all poultry in the world. In 2023, the US has already exported nearly 243 million pounds of beef. Japan has received the most beef exports around 63 million tons from the United States so far in 2023, followed by South Korea and China.
The Asia Pacific super absorbent polymers market is estimated to be the second largest, registering a share of about ~30% by the end of 2035. The growth of the market can be attributed majorly to the increasing demand for female sanitary products, such as sanitary pads, tampons, menstrual cups, and others. The Guangdong provincial resident in southern China anticipates purchasing feminine hygiene items worth more than USD 500,000. In addition to this, in India, less than 1% of women between the ages of 15 and 24 use menstruation cups, while around 64% of women in this age group use sanitary napkins. On the other hand rise in agricultural practice and production is also expected to boost the market growth in the region.
Further, the market in the Europe, amongst the market in all the other regions, is projected to hold a majority of the share by the end of 2035. The growth of the market can be attributed majorly to the rising use of menstrual products and the rise in the number of women who are at the menstruating age. In the UK, there are about 18 million women who are menstruation. Moreover, an estimated 2 million women used at least 25 sanitary towels each month in 2020. On the other hand, market growth in the region is also expected on the account of the rising consumption of detergents owing to the rise in the amount of laundry done by people in Europe. Every day, around 94 million loads of laundry and 78 million loads of automatic dishes are washed in the European Union. Moreover, over 52% of people still use regular laundry powders, making them the most popular type of detergent.
LC Chem announced the mass production of first "Bio-balanced" SAP (Super Absorbent Polymer), the first shipping is done in South Korea, where it also acquired ISCC Plus international certification and began shipping. It was sent from the Yeosu Plant, will be given to "Baby Life," a customer of LG Chem in Jordan, and is likely to be used for making diapers.
NIPPON SHOKUBAI CO., LTD. declares that its subsidiary Nippon Shokubai Europe N.V. has received ISCC PLUS certification from the International Sustainability and Carbon Certification system (ISCC)*1 for superabsorbent polymers (SAP) created from caustic soda and produced using electricity provided from renewable energy.
In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.
Author Credits: Smruti Ranjan, Rajrani Baghel
Ans: Increasing demand for personal hygiene products, growing export and import of meat and eggs, and the rising demand for baby diapers are the major factors driving the market growth.
Ans: The market size of super absorbent polymers is anticipated to attain a CAGR of 8.90% over the forecast period, i.e., 2023 – 2035.
Ans: Fluctuating prices of raw materials, and environmental hazards caused by their in-disposable nature are estimated to be the growth hindering factors for the market expansion.
Ans: The market in the North American region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.
Ans: The major players in the market are Nippon Shokubai Co., Ltd., Evonik Industries AG, BASF SE, Kao Group, Sumito Seika Chemicals Company Limited, Sanyo Chemicals Industries, Ltd., LG Chem, Yixing Danson Technology Co., Zhejiang Weilong Polymer Material Co., Ltd., and Sinofloc Chemical Ltd.
Ans: The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue generating capacity as well as the new products being launched into the market by the company.
Ans: The market is segmented by type, application, and by region.
Ans: The hygienic segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
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