Super Absorbent Polymer Industry Size, Share, Demand & Growth by 2034
The super absorbent polymers industry size is predicted to be worth US$ 10.7 Billion in 2024, rising to US$ 18.23 billion by 2034. The market for super absorbent polymers is expected to grow at a significant CAGR of 5.4% during the forecast period.
The adoption of super
absorbent polymers is increasing as a result of an older population and more
awareness of the advantages and practicality of adult incontinence solutions.
In response to the rise in adult incontinence cases, governments from various
countries are focusing on producing incontinence products through collaborative
efforts with manufacturers and medical professionals.
In countries such as the
United States, the United Kingdom, Germany, and Australia, government
initiatives encourage the use of adult incontinence products. Furthermore, the
demand for super absorbent polymers is expected to rise because of their
superior water absorption and holding capacity in the construction and waste
management industries.
Manufacturers in the market
for such materials are developing the iodine transfer polymerization (ITP)
technique to generate new classes of superabsorbent polymers based on acrylic
acid (AA). Because of their remarkable absorption characteristics, ITP-produced
AA-based superabsorbent polymers are gaining appeal in the diaper industry. As
a result, superabsorbent polymer companies are stepping up R&D efforts to
employ specific organoiodine chain transfer agents to polymerize AA in an
aqueous solution.
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The ITP method makes it
feasible for superabsorbent polymers to have better gel strength and absorption
capabilities, which is favorable to diaper manufacturers. Businesses are
enhancing their reputations by creating super absorbent polymers that balance biomass.
Expanding the distribution network is becoming more important to take advantage
of the unmet demands that are prevalent in emerging nations. Additionally, to
stay up with shifting customer preferences, more focus will likely be placed on
the creation of bio-based SAP.
Key Takeaways from the Super Absorbent
Polymers Market
- The US super absorbent polymer market is
anticipated to expand at a CAGR of 3% over the anticipated time frame. By
2033, it is anticipated that sales of super absorbent polymers in the US
are likely to surpass US$ 3.1 billion.
- Sales of super absorbent polymers increased at
a 3.70% CAGR between 2019 and 2023, citing FMI’s study.
- Between 2023 and 2033, sales in North America
are anticipated to grow at a 4% CAGR, supported by increased demand in the
United States and Canada.
- The market for super absorbent polymers in the
UK is anticipated to grow at the greatest rate, 5.5% CAGR. By 2033, it is
expected that the UK market will have contributed more than US$ 982.4 Mn
in revenue.
- China’s super absorbent polymer sector is
estimated to exceed US$ 3.4 Billion by 2033.
- Between 2023 and 2033, sales of super absorbent
polymers are likely to increase in Japan and South Korea at 4% CAGR and
4.4% CAGR, respectively.
- The market for super absorbent polymers is
anticipated to rise in Europe at a CAGR of 4.4% between 2023 and 2033.
Who is Winning?
Companies in the super
absorbent polymers market are pursuing strategic alliances and partnerships
with other major players to increase their regional footprint. To preserve
their global presence, manufacturers are likewise concentrating on expanding
their production operations abroad. Due to stringent environmental regulations
and growing customer demand for sustainable products, major players in the
market are looking for renewable resources to increase their production
capacity in eco-friendly raw materials.
About the Chemicals and Materials Division
at Future Market Insights (FMI)
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