Super Absorbent Polymers (SAP) are a class of water-absorbing polymer utilised for a number of applications. SAP can absorb and hold hundreds of times its weight in water. In addition to being utilised in soil conditioners, diapers, sanitary napkins, adult incontinence products, and aquaculture, SAP is also employed in a variety of other items. Additionally, it is employed in commercial settings for the purification of water and the containment of oil spills. Due to its adaptability and capacity to absorb and hold water for extended periods of time, SAP is anticipated to see an increase in demand.
The global super absorbent polymers market size is projected to reach USD 13.1 billion by 2026 at a CAGR of 5.9% from 2021. The growing population, increasing demand for fluffless personal hygiene products, focus on effective irrigation management, and adoption of eco-friendly products act as drivers for the growth of the SAP market.
Get PDF Brochure for Research Insights at https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=177336849
The Asia Pacific region dominates the global super absorbent polymer market, accounting for more than 40% of the total market by 2020. This is primarily due to rising disposables demand in countries such as India and China, as well as rising consumer hygiene and healthcare product demand in the region. Furthermore, the growing number of infants and newborns in the region is expected to drive demand for diapers and other absorbent hygiene products, which will drive the growth of the region’s super absorbent polymer market.
The increase in demand for super absorbent polymers and the growing industrial development in the emerging economies, such as APAC and Europe, are driving the market. The key players in the super absorbent polymers market includes Nippon Shokubai (Japan), BASF (Germany), Evonik (Germany), Sumitomo (Japan), LG Chem (South Korea), SDP Global (Japan), Formosa (Taiwan), Yixing Danson (China), Satellite Science & Technology Co., Ltd.(China), and Kao Corporation (Japan). These market leaders have adopted various organic as well as inorganic growth strategies between January 2015 and April 2021 to strengthen their position in the super absorbent polymers market. The strategy of investment & expansions was among the major growth strategies adopted by the leading market players to enhance their regional presence and meet the growing demand for super absorbent polymers in emerging economies
Nippon Shokubai (Japan) is one of the leading manufacturers and distributors of super absorbent polymers. The company adopted new product development, acquisitions, and investments & expansions as its key business strategies. For instance, in November 2020, Nippon Shokubai, LiveDo Corporation (Japan), and Total Care System (Japan) jointly developed various technologies to promote systems that recycle disposable diapers, the use of which continues to increase. These three companies have recently developed new recycling technologies for super absorbent polymers in used diapers. The technology can be applied to a wide variety of super absorbent polymers distributed worldwide. This has enhanced it Nippon Shokubai’s position in the SAP market.
If You Want To Know More About Report Before Buying at https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=177336849
BASF SE (Germany) is one of the largest chemical producers globally. The company is among the key players in the super absorbent polymers market. The company adopted the investments & expansions as its key strategy to strengthen its competitiveness in the global super absorbent polymers market. For instance, in March 2021, BASF invested USD 30.1 million in new excellence center for its hygiene business. With this investments, 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 in Antwerp, Belgium.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
Company Name: MarketsandMarkets™ Research Private Ltd.
Contact Person: Mr. Aashish Mehra
Email: Send Email
Address:630 Dundee Road Suite 430
State: IL 60062
Country: United States