LG Chem announced the mass production of first ‘Bio-balanced’ SAP, 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.
BASF invested USD 30.1 million in new excellence center for its hygiene business. With this investment, BASF will increase innovation capabilities for its super absorbent polymer business by building a state-of-the-art Super Absorbents Excellence Center at its Verbund site bin Antwerp, Belgium.
Author Credits: Smruti Ranjan, Rajrani Baghel
Report ID: 4780
Published Date: Sep 28, 2023
Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
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.
The market size of super absorbent polymers is anticipated to attain a CAGR of 9% over the forecast period, i.e., 2024 – 2036.
The major players in the market are BASF SE, LG Chemicals Ltd., Yixing Danson Technology Co., Zhejiang Weilong Polymer Material Co., Ltd., Sinofloc Chemicals Ltd., Wanhua Chemical Group Co., Ltd, Formosa Plastic Corporation, SNF Limited, Songwon Industrial Co. Ltd., and others.
The hygienic segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.
The market in the North America region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.