Skip to main content

SUPERABSORBENT POLYMERS MARKET TO REACH VALUATION OF ~US$ 15 BN BY 2030

 

Superabsorbent Polymers Market: Introduction

In terms of value, the global superabsorbent polymers market is anticipated to expand at a CAGR of 5% from 2020 to 2030 and cross US$ 15 Bn by 2030. Asia Pacific dominated the global superabsorbent polymers market in terms of volume in 2019. It is estimated to be the leading region of the global superabsorbent polymers market during the forecast period. The personal care & hygiene sector is projected to offer lucrative opportunities for the superabsorbent polymers market in the near future. 

Superabsorbent Polymers Market: Major Drivers and Restraints

Rise in incidence rate of diseases such as diabetic ulcer, pressure ulcer, and venous stasis ulcer among the geriatric population has boosted the demand for advanced injury care products such as superabsorbent polymer products. They are considered ideal for use in wound dressing applications, due to their high water content that helps maintain moist wound environment and cool and non-adherent surface. They also prevent heat absorption and provide comfort to patients. Thus, proven benefits of superabsorbent polymer products such as improved water retention ability, controlled release, and preservation of stored components are anticipated to drive the global superabsorbent polymers market during the forecast period.

Request PDF brochure:

https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=2898

The increase in usage of superabsorbent polymers in disposable baby diapers and sanitary products is propelling the global superabsorbent polymers market. These polymers are added in the form of absorbent layers at the core of the diapers. This helps them absorb the liquid that is then converted into gel. This protects the baby from rashes. Furthermore, rise in birth rates has contributed to the growth in demand for baby diapers. This, in turn, is expected to significantly boost the superabsorbent polymers market across the globe.

Several players have taken strategic initiatives, such as capacity expansion, in order to expand their superabsorbent polymers business, owing to high demand for superabsorbent polymers in various industrial applications. This is also projected to boost the superabsorbent polymers market during the forecast period. For instance, in October 2018, Nippon Shokubai Co., Ltd. expanded its superabsorbent polymers production capacity at its manufacturing facility at Zwijndrecht, the Netherlands. The new plant has production capacity of 100,000 tons per year. This move is expected to help the company meet the rising demand for superabsorbent polymers. The volatility in prices of raw materials is a key restraint of the global superabsorbent polymers market. Acrylic acid, which is manufactured from propylene, is a key raw material used in the production of superabsorbent polymers. Fluctuation in prices of raw materials is a major concern for manufacturers of superabsorbent polymers, as the price of acrylic acid is susceptible to fluctuations in crude oil prices.

Buy Now:

https://www.transparencymarketresearch.com/checkout.php?rep_id=2898&ltype=S

Superabsorbent Polymers Market: Prominent Segments

In terms of value, the sodium polyacrylate segment held major share of the global superabsorbent polymers market in 2019. This trend is anticipated to continue during the forecast period, due to considerable usage of acrylate in construction and medical industries. Based on application, the hygienic segment constituted a significant share of the global superabsorbent polymers market in 2019. This trend is estimated to continue throughout the forecast period. On the other hand, the non-hygienic segment is expected to expand at a faster pace during the forecast period.

Competition Landscape

Major global manufacturers of superabsorbent polymers include Evonik Industries AG, BASF SE, Nippon Shokubai Co., Ltd, LG Chem Ltd., Sumitomo Seika Chemicals Co. Ltd, Sanyo Chemical Industries, and KAO Corporation. The volatility in raw material prices of the superabsorbent polymers acts as a significant barrier for new players to enter the market.

Request Discount:

https://www.transparencymarketresearch.com/sample/sample.php?flag=D&rep_id=2898

Labels:

Comments

Post a Comment

Popular posts from this blog

Tunnel Boring Machine Market: Applications, Revenue, Growth and Trends

  Tunnel boring machines are gigantic special-purpose machines, particularly used in building tunnels for roads, railways, and pipelines. These machines are long with circular cross-sections and help in boring round holes through any rock. Tunnel boring machines are intricate assemblies of several systems working in conjunction with each other. Diameter of tunnel boring machines ranges from 1 meter to 20 meters. These machines can cut clean through rocks, sometimes along with creating concrete shields around the bored tunnels. The tunnel boring machine market is largely driven by the increase in spending on road and railway infrastructure. Countries such as China, Japan, Italy, South Korea, Norway, and Germany have vast tunnel networks. The key reason is to connect major cities within the country, sometimes even international, with minimum commute time. This largely optimizes the transportation costs and connects cities to boost commerce. The other method for building tunnels is...
Post a Comment
Read more

GLOBAL WOOD COATINGS MARKET TO TOUCH VALUATION OF US$17.595 BN BY 2025 END

  The  global wood coatings market  features a highly competitive landscape owing to the presence of a plethora of companies competing against one another, notes Transparency Market Research (TMR). Top players in the wood coatings market increasingly resort to forward integration strategies to gain substantial competitive benefits, which may help them to retain their stronghold over the assessment period. Several players are also focusing on product differentiations to attract more consumers and consolidate their positions in various regions. This is especially the trend among small- and medium-scale manufacturers who find this a key strategy to gain a foothold in the wood coatings market. TMR finds that the wood coatings market is also fairly consolidated as the top four players held a combined share of nearly 60.0% in 2016. These companies are RPM International Inc., Akzo Novel N.V., PPG Industries Inc., and The Sherwin Williams Company. Of these, The Sherwin Willia...
Post a Comment
Read more

ANTHOCYANIN CONSUMPTION LEVELS TO TAKE OFF IN DEVELOPING REGIONAL MARKET

  TMR projects the  global anthocyanin market  to reach US$ 735.9 Mn by 2026. Over this period of 2018-2026, the anthocyanin market is forecast to report a CAGR of 4.6%. Among the key end use segments, the food and beverages industry is likely to lead the market in 2018. The trend is likely to remain unchanged throughout the course of the forecast period. Regionally, the North America anthocyanin market held the leading share in the global market in 2018. The global anthocyanin market exhibits the presence of several large companies. Besides this, domestic players enjoy a stronghold in regional pockets, which has rendered the market highly competitive. According to a new study by Transparency Market Research (TMR), Archer Daniels Midlands Co., Sensient Technologies Corp, Symrise A.G., and CHR Hansen A/S held nearly 50% of the global anthocyanin market in 2018, thereby registering their dominance. To sustain growth amidst the prevailing competition, the leading players...
Post a Comment
Read more