Super Absorbent Polymer Market 2018: Top Key Players, Growth and Analysis by Forecast 2021

Market Research Future Published a Half Cooked Research “Global Super Absorbent Polymer Market Research Report- Forecast to 2021” - Market Analysis, Scope, Stake, Progress, Trends and Forecast up to 2021.

NIPPON SHOKUBAI CO., LTD (Japan), SUMITOMO SEIKA CHEMICALS CO.,LTD. (Japan), Yixing Danson Technology (China), BASF SE (Germany), Formosa Plastics Corporation (Taiwan), Kao Corporation (Japan), Evonik Industries AG (Germany), LG Chem (South korea), SONGWON (South Korea), Sanyo Chemical Industries, Ltd. (Japan) among others are some of the prominent players at the forefront of competition in the Global Super Absorbent Polymer Market and are profiled in MRFR Analysis.

Super Absorbent Polymer Market – Market Overview
Super Absorbent Polymers are a special type of polymer that has the ability to retain and absorb water and other aqueous solutions. The absorbency of super absorbent polymer (SAP) depends on the cross-linkers used in the manufacturing of the gel. Low density cross linked super absorbent polymers has more absorbent capacity. The excellent absorbing qualities of finds its way into many end user industries such as personal care, building and construction, food packaging and others. The growing construction in the developing region throughout the globe coupled with the increasing demand from the agricultural sector are the major driver contributing to the market growth.
The Global Super Absorbent Polymer Market can be segmented on the basis of type and end-user industry. Among the end user industry personal care is expected to be the dominant segment. The growing demand for super absorbent polymers in diapers, female hygiene products, adult incontinence products and similar application are significantly contributing to the growth of the segment. In addition to the, agriculture is expected to be the fastest growing segment during the forecast years.

According to the analysis of MRFR, the major market forces and trends driving growth of the global super absorbent polymer Market includes growing demand from agriculture and personal care industry.  Moreover, the growing population in the developing nations has augmented the demand for agricultural produce which in turn is expected to positively affect the market owing to its extensive use as water conservation technique throughout the globe.

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Super Absorbent Polymer Market- Competitive Landscape
The Global Super Absorbent Polymer Market is a highly lucrative market driven by flourishing demand for contruction, healthcare products along with the increasing use in the agricultural sector. NIPPON SHOKUBAI CO., LTD (Japan), SUMITOMO SEIKA CHEMICALS CO., LTD. (Japan), Yixing Danson Technology (China), BASF SE (Germany) among others are some of the major players operating in this market. Most of these market participants are adopting the expansion and product launch tactics to strengthen their production capacities and market position. Taking account of these trends, the global super absorbent polymer Market is projected to witness considerable competition over the forecast period of 2017-2021.

Asia pacific is expected to be the fastest growing region during the forecast years. The growing population in the developing countries especially India and china has augmented the demand for personal care which is a major factor driving the market in the region. Moreover, the presence of agrarian economies such as India and China has further added to the market demand owing to the growing use of super absorbent polymer as seed coating material, root dipping and excellent water conservation technique among others.

Industry/ Innovation/ Related News:
30 May, 2017- Sumitomo Seika Chemicals co, Ltd, has decided to expand their super absorbent polymer production facilities in South Korea. They invested around 8 billion yen to increase their production capacity form 59000 ton per year to a total of 118000 tons a year. This expansion is expected to stable the supply of super absorbent polymer in Asia Pacific thereby adding to the market growth.

26 December, 2017- LG chem Ltd, is expected to increase their production capacity of acrylic acid and super absorbent polymer by the end of 2019. They South Korean company invested 300 billion dollar for the same. The production expansion is expected to increase the yield of super absorbent polymer form 100000 tons per year to 500000 tons per year. This expansion is anticipated to further surge the market of super absorbent polymers in the Asia Pacific region.

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Super Absorbent Polymer Market 2017: Trends, Size, Share, Growth and Forecast 2021

Superabsorbent Polymers Market   - Overview
The Global Superabsorbent Polymers Market is increasing with the impulsive pace; owing to the growing personal hygiene application. According to a recent study report published by the Market Research Future, The global market of Superabsorbent Polymers is booming and expected to gain prominence over the forecast period. The market is forecasted to demonstrate a stunning growth by 2022, surpassing its previous growth records in terms of value with a striking CAGR during the estimated period (2017 – 2022).

Globally, the market for Superabsorbent Polymers is driven by the region Asia pacific, owing to the rise in the population resulting in to increasing demand for personal care products and agriculture industries among others. Superabsorbent Polymers are materials that have the ability to absorb and retain large volumes of water and aqueous solutions. This makes them ideal for use in water absorbing applications such as baby nappies and adult’s incontinence pads to absorbent medical dressings, paint solidification and water absorption techniques to effectively use water in agriculture.  Paramount environment concerns prompt the use of recycled paper where again Superabsorbent Polymers are used in pulp processing.

Rising population defines the growth of personal care industry. Moreover growing industries such as medical textile, food packaging, and paints & coatings provide momentum to the Superabsorbent Polymers Market growth.

Superabsorbent polymers products are manufactured by utilizing polyacrylic acid as raw material which are costlier but they are capable to deliver high performance. These high value added products widely used as moisture absorbers in various industries.

Superabsorbent Polymers are most widely used in manufacturing personal care products followed by its major use to effectively absorb water and supply it to the roots of the plants in agriculture sector. India appears to be the fastest growing consumer of Superabsorbent Polymers based products over the forecast period.

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Superabsorbent Polymers Market   - Competitive Analysis
Superabsorbent Polymers market appears to be less competitive with the presence of only few major global chemicals and materials manufacturers operating in the Superabsorbent Polymers Market. Presence of few key players will lead to monopoly situation and also competitive edge in innovation and technology is expected to be indelicate. As these materials are pricing at higher costs in the current markets and increasing demand for superabsorbent materials materials in personal care and paints & coatings industries will influence the end user products from these industries. Superabsorbent polymers market demonstrates a high growth potential as the demand for these materials is increasing other key players are likely to invest in opening new production capacities to meet the global demand with better solutions.

Industry/ Innovation/ Related News:
June 2015 – BASF SE (Germany), one of the key manufacturers of Superabsorbent Polymers also having presence in Brazil, has announced opening of its new production line for acrylic acid, butyl acrylate and superabsorbent polymers in Camaçari, Bahia, Brazil. These are the first plants for acrylic acid and superabsorbent polymers in South America. The complex has a capacity of 160,000 tons of acrylic acid per year. The investment of more than €500 million ($567 million) is the largest in BASF’s more than century-long history in South America. This complex will secure national and regional supply of products that are currently imported. Moreover it reduces the demand for raw material to produce superabsorbent polymers in various applications.

September 2015 – Evonik Industries AG (Germany) a global manufacturer of Superabsorbent Polymers, has announced that company plans to increase its production capacities for Superabsorbent Polymers with selected debottlenecking measures. With the project engineering phase complete, the company says implementation will now be conducted in several phases. Evonik’s global superabsorbent production capacities will increase by approximately 40,000 metric tons per year. The group sees the biggest potential in its Krefeld and Rheinmünster plants. The company says the resulting flexibility for planning and utilizing production capacities will be used to secure and expand Evonik's leading market position in the area of superabsorbent polymers.

June 2017 – NIPPON SHOKUBAI CO., LTD. (Japan), Japanese Superabsorbent Polymer producer Nippon Shokubai announced a substantial price increase for superabsorbent polymers effective from July 1, 2017, or as contracts and agreements allow. The announcement said prices will go up by $200 a tonne. This is anticipated to have a negative impact in the North East Asia region.

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