Super Absorbent Polymers (SAP) Market Forecast 2022-2028

1. Global Super Absorbent Polymers (SAP) Market, By Type, Trend Analysis, Competitive Market Share & Forecast, 2020-2027

2. Global Super Absorbent Polymers (SAP) Market Forecast and Trends A recent study conducted by the strategic consulting and market research firm BlueWeave Consulting revealed that the global super absorbent polymers (SAP) market was worth USD 8.8 billion in the year 2020. The market is estimated to grow at a CAGR of 6.5%, earning revenue of around USD 13.7 billion by the end of 2027. The growth of the global super absorbent polymers (SAP) market can be attributed to the rising demand for infant and adult diapers as a result of the rising birth rate and decreasing death rate. Moreover, the growing demand for personal hygiene products is also favoring the market growth. However,the market growth is threatened by limited growth opportunities in developed regions like North America and Europe, and by a rapid shift towards eco-friendly hygiene products like menstrual cups.

3. Growth Drivers  Rapid Increase in The Global Population The global population is increasing at a very rapid rate. According to the United Nations,approximately 385,000 babies are born each day around the world, and this number is expected to remain stable in the next 50 years from 2020 to 2027. The high birth rate leads to very high demand for diapers and also directly impacts the demand for personal hygiene products. In addition, the low death rate has resulted in an increasing number of geriatrics, which in turn is fueling the demand for adult diapers.

4. Restraints  Limited Growth Potential in Developed Countries The growth potential of super absorbent polymers (SAP) is declining day by day in the developed countries. Countries like the US, the UK, Germany, and Canada have been witnessing low birth rates due to which the consumption of SAP is witnessing a negative growth rate. Another restraining factor for the growth of the global super absorbent polymers (SAP) market is the growing awareness toward eco-friendly menstrual hygiene products like menstrual cups made of silicon that have a lifespan of 5-10 years.

5. Impact of COVID-19 The COVID-19-induced pandemic has brought a setback to the global super absorbent polymers (SAP) market because of the lockdown. Various governments had to impose complete lockdowns in their countries to curb the spread of the virus. This resulted in a significant decline in production due to the shortage of raw materials as well as a sufficient labor force. Because of this, a huge demand and supply gap was created in the market due to which manufacturers had to bear huge losses. Sample Copy of the Report: https://www.blueweaveconsulting.com/report/global-super-absorbent-polymers-sap-market/report-sample

6. Regional Insights Geographically, the global super absorbent polymers (SAP) market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle-East & Africa. Among all the regions, North America holds the largest market share. However,North America is estimated to lose market dominance to the Asia-Pacific in the near future as developing countries like India and China are emerging as potential markets because of high population growth and the increasing birth rates. Europe also holds a substantial share in the market because of the increasing application of super absorbent polymers (SAP) in agriculture.

7. Competitive Landscape The leading market players in the global Super Absorbent Polymers (SAP) market are Wanhua Chemical Group Co. Ltd, BASF SE, Sumitomo Seika Chemicals Co. Ltd, Chase Corp, Songwon, ChemtexSpeciality Limited, Sanyo Chemical Industries Ltd, Evonik Industries AG, Nippon Shokubai Co. Ltd, Gel Frost Packs Kalyani Enterprises, LG Chem, Kao Corporation, Xitao Polymer Co. Ltd., Zhejiang Satellite Petrochemical Co., Ltd., SDP Global, Formosa Plastics Corp., Chinafloc, YixingDanson Technology, M2 Polymer Technologies, and other prominent players.

8. Recent Development In July 2021,Danimer Scientific, a US-based biopolymer manufacturer, announced the acquisition of Novomer, Inc., a venture-funded chemistry technology development company, to produce resins at lower cost and offer a wide range of products to customers In March 2021, BASF, a German chemical, and materials firm, announced the launch of a USD 29 million project to build a Superabsorbents Excellence Center which will be aimed towards supporting its hygiene business.

9. Key Players Wanhua Chemical Group Co. Ltd, BASF SE, Sumitomo Seika Chemicals Co. Ltd, Chase Corp, Songwon, ChemtexSpeciality Limited, Sanyo Chemical Industries Ltd, Evonik Industries AG, Nippon Shokubai Co. Ltd., Gel Frost Packs Kalyani Enterprises, LG Chem, Kao Corporation, Xitao Polymer Co. Ltd., Zhejiang Satellite Petrochemical Co., Ltd., SDP Global, Formosa Plastics Corp., Chinafloc, YixingDanson Technology, M2 Polymer Technologies, and other prominent players.

10. About Us: Blueweave Consulting offers a one-stop solution for your market intelligence needs for any service or product. You get well-researched comprehensive reports based on qualitative and quantitative data to put your business plan into action. Your well-informed and timely decisions using our reports avert situations of excessive risks and help you grow your business with optimum risk-return trade-off. Delivering quality insights into several product or service markets within the timeline as per the needs of the clients has earned BWC an excellent reputation among clients. BWC strives to provide timely and accurate digital market intelligence services for making your business endeavors successful.

11. Contact Us:  +1 866 658 6826 +1 425 320 4776 +44 1865 60 0662  info(@)blueweaveconsulting.com  www.blueweaveconsulting.com