The super absorbent polymer market Research Report Forecast 2018-2023 is a valuable source of insightful data for business strategists. It provides the super absorbent polymer industry overview with growth analysis and historical & futuristic cost, revenue, demand and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis.
Global super absorbent polymer market size was estimated at 2.07 million tons in 2014 and is likely to exceed 3.1 million tons by 2023 growing with an expected CAGR of over 5.5%. Super absorbent polymer market revenue is likely to be valued at over USD 11 billion by 2023.
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Baby diaper was the leading application and accounted for more that 70% of total consumption in 2014. Agricultural applications are likely to witness highest gains with an estimated CAGR of over 5.8% by 2023 owing to superior water retention properties required for crops in rainfall/water scarce area.
Companies focusing on manufacturing baby diapers focus on product thinness to ensure optimal comfort and minimizing environmental impact. To achieve this, companies are procuring SAP with highly absorbent cores and also reducing the weight of bulkier materials such as fluff pulp. Thinner baby diaper products are gaining considerable importance in key markets of North America and Europe. Thinner products also attribute lower freight costs ensuring manufacturers to stay competitive in the global market.
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Global super absorbent polymer market share is consolidated with few companies catering to large part of the demand. Major companies are taking initiatives to increase their production capacity and enhance product portfolio.
Key companies involved in this market include BASF, Nippon Shokubai, Evonik, Sumitomo, and LG Chemical. Other prominent companies include Formosa Plastics, KAO Corporation, SDP Global Corporation, Yixing Danson Technology and Songwon Industrial Corp. Ltd.
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