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Superabsorbent Polymer (SAP) Market Size
- Report ID: GMI2879
- Published Date: Aug 2018
- Report Format: PDF
Superabsorbent Polymer Market Size
Superabsorbent Polymer Market size was estimated at around USD 6 billion in 2017 and is predicted to grow at 5.7% CAGR from 2018 to 2025. Growing awareness about the personal health and hygiene will provide significant traction to the market.
The superabsorbent polymer is suitable for fluid absorbing applications such as in baby diapers, adult incontinence pads, and medical dressing among others. Rising literacy rate coupled with higher spending power and greater focus on healthcare will boost the market. For instance, United States’ health expenditures per capita was USD 8,745 in 2014 which increased to around USD 11,500 in 2017. These factors will boost the superabsorbent polymer market in the coming years.
International organizations such as UNESCO, World Bank, WHO, UNICEF, and various other local bodies have started awareness programs including menstrual hygiene management, provision of feminine products, etc. In 2010, Government of India initiated Menstrual Hygiene Scheme, providing subsidized sanitary pads to rural women living below poverty line. In addition, numerous small scale companies such as Aakar Innovation Pvt. Ltd., Azadi, Jayaashree Industries, and Saathi Healthcare provide affordable feminine hygiene products in the country.
| Report Attribute | Details |
|---|---|
| Base Year: | 2017 |
| Superabsorbent Polymer Market Size in 2017: | 6 Billion (USD) |
| Forecast Period: | 2018 to 2025 |
| Forecast Period 2018 to 2025 CAGR: | 5.7% |
| 2025 Value Projection: | 9.5 Billion (USD) |
| Historical Data for: | 2013 to 2017 |
| No. of Pages: | 190 |
| Tables, Charts & Figures: | 298 |
| Segments covered: | Product, Application and Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Similarly, the Kenyan government allocated $4 million to provide free sanitary napkins to school girls. Feminine hygiene in developing economies is a profitable quotient for market. Initiatives and awareness agendas by the government are the driving factors for the superabsorbent polymer market.
Biodegradable polymers provide immense breakthrough to superabsorbent polymer market share. Increasing customer focus on sustainability and growing environmental awareness has resulted in rising demand for alternatives to petroleum-based polymers. Various raw materials used in the production of bio-based products include cellulose, chitosan, starch, and natural gums among others.
These materials are in major demand in the market, leading numerous companies to explore possible routes to produce bio acrylic acid. Some multinational companies, including Nippon Shokubai Co. Ltd, Evonik Industries AG, and BASF SE, are into the production of bio-based products.
As per a superabsorbent polymer industry analysis, a key challenge for this business is the volatile raw material price. The major raw materials used to produce superabsorbent polymer include acrylic acid & glacial acrylic acid, which are derivative products of propylene. The prices of propylene follow oil prices with a lag, and price change can bring volatility into producer margins.
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Superabsorbent Polymer Market Scope
