[Research Report] The super absorbent polymer market size was valued at US$ 7,336.14 million in 2022 and is projected to reach US$ 11,456.64 million by 2030; it is anticipated to record a CAGR of 5.7% from 2022 to 2030.

MARKET ANALYSIS

Super absorbent polymers are materials with the ability to absorb and retain large amounts of liquid relative to their mass. Super absorbent polymers are crucial components in adult diapers, adult incontinence products, and feminine hygiene products. Super absorbent polymers are incorporated into soil to improve water retention. This helps in agriculture by reducing the need for frequent irrigation, particularly in arid regions, and enhancing plant growth. Super absorbent polymers are used in wound care dressings and bandages to absorb and retain exudate from wounds. It can be used in oil drilling processes to control fluid loss and improve the rheological properties of drilling fluids.

GROWTH DRIVERS AND CHALLENGES

Increasing adoption of super absorbent polymers in the healthcare sector and rising demand for hygiene and incontinence products are a few factors boosting the global super absorbent polymer market growth. In the healthcare setting, super absorbent polymers are utilized in various hygiene products such as bed pads and hospital underpads. This helps in managing bodily fluids and maintaining cleanliness in medical facilities. Super absorbent polymers are integrated into advanced wound dressings, which create a gel-like consistency to protect the wound and aid the healing process. Super absorbent polymers are lightweight and comfortable, making them ideal for incorporation into medical textiles and dressings. The adoption of super absorbent polymer in the healthcare sector is attributed to its versatility, performance, benefits, and ability to address critical needs in various applications of the medical sector. It is used as a bandage for diabetic foot ulcers, pressure ulcers, leg venous and arterial ulcers, first and second-degree burns, post-operative wounds, and traumatic wounds. As per the National Pressure Ulcer Advisory Panel, the incidence of pressure ulcers ranges from 0.4–38% in hospitals, from 2.2–23.9% in skilled nursing facilities, and from 0–17% for home health agencies. Thus, these key factors are driving the need for super absorbent polymer, thereby fueling the market growth.

The volatility in raw material prices can act as a deterrent for the super absorbent polymer market. Acrylic acid is the major raw material for super absorbent polymer production, and its price fluctuation significantly impacts the viability and profitability of super absorbent polymer manufacturing. Acrylic acid is primarily produced from propylene, a petroleum derivative. Fluctuation in crude oil prices directly affects propylene and consequently affects the cost of acrylic acid. Environmental regulations and trade restrictions on propylene or acrylic acid can impact production costs and market dynamics. Acrylic acid is used in various industries besides super absorbent polymer production. Increased demand for other applications can strain the supply and lead to price hikes, which pose a challenge to the super absorbent polymer market growth.

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Super Absorbent Polymer Market: Strategic Insights

Super Absorbent Polymer Market

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  CAGR (2022 - 2030)

  5.7%
• Market Size 2022
  US$ 7.34 Billion
• Market Size 2030
  US$ 11.46 Billion

Market Dynamics

GROWTH DRIVERS

• Rising Demand for Hygiene and Incontinence Products
• Increasing Adoption of Super Absorbent Polymers in Healthcare Sector

FUTURE TRENDS

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OPPORTUNITIES

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Key Players

• Sanyo Chemical Industries Ltd
• LG Chem Ltd
• BASF SE
• Sumitomo Seika Chemicals Co Ltd
• Nippon Shokubai Co Ltd
• Evonik Industries AG
• Chase Corp
• Yixing Danson Science and Technology Co Ltd
• Songwon Industrial Co. Ltd

Regional Overview

• North America
• Europe
• Asia-Pacific
• South and Central America
• Middle East and Africa

Market Segmentation

Type

• Polyacrylic acid

Polyacrylamide

• PAM

Sodium Polyacrylate, Potassium Polyacrylate, Polysaccharides, and Others)

Category

• Synthetic
• Biobased

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REPORT SEGMENTATION AND SCOPE

The "Global Super Absorbent Polymer Market Analysis and Forecast to 2030" is a specialized and in-depth study with a significant focus on global market trends and growth opportunities. The report aims to provide an overview of the global market with detailed market segmentation on the basis of type, category, application, and geography. The report provides key statistics on the consumption of super absorbent polymers across the world, along with their demand in major regions and countries. In addition, the report provides a qualitative assessment of various factors affecting super absorbent polymer market performance in major regions and countries. It also includes a comprehensive analysis of the leading players in the super absorbent polymer market and their key strategic developments. Analysis of the market dynamics is also included to help identify the key driving factors, market trends, and lucrative opportunities, which, in turn, aids in identifying the major revenue pockets.

The ecosystem analysis and Porter’s five forces analysis provide a 360-degree view of the global super absorbent polymer market, which helps understand the entire supply chain and various factors affecting the market growth.

SEGMENTAL ANALYSIS

The global super absorbent polymer market is segmented on the basis of type, category, and application. Based on type, the market is segmented into polyacrylic acid (PAA), polyacrylamide (PAM), sodium polyacrylate, potassium polyacrylate, polysaccharides, and others. The sodium polyacrylate segment accounted for a significant share of the super absorbent polymer market in 2022. PAA can absorb and retain water and swell many times compared to its original volume. It is commonly used in highly absorbent materials such as napkins, paper towels, and disposable diapers. PAM is a majorly used synthetic super absorbent polymer after polyacrylic acid. It has similar water absorbency as compared to polyacrylic acid. Sodium polyacrylate is a super absorbent polymer utilized as an emulsion stabilizer, a hair fixative, a film former, a skin conditioner, and a viscosity agent. It appears as the gel-like crystals in baby diapers, which makes them absorbent. Potassium polyacrylate used as a super absorbent polymer in the agriculture industry leads to better farming results even in poor conditions. It is used as a water-retaining agent and increases the availability of moisture to plants.

In terms of category, the market is bifurcated into synthetic and biobased. Furthermore, the synthetic segment held a significant share of the super absorbent polymer market in 2022. Superabsorbent polymers are cross-linked polymer networks constituting water-soluble building blocks. SAPs are generally composed of ionic monomers and are characterized by a low cross-linking density, which results in a large fluid uptake capacity. Biobased super absorbent polymers are manufactured using new technology, which requires much more advancements. Super absorbent polymers based on natural polymers, such as cellulose, starch, and chitosan, have an advantage of degradability as compared to synthetic category super absorbent polymers.

REGIONAL ANALYSIS

The report provides a detailed overview of the global super absorbent polymer market with respect to five major regions—North America, Europe, Asia-Pacific (APAC), the Middle East & Africa (MEA), and South & Central America. Asia Pacific accounted for a significant share of the market and was valued at more than US$ 2,500 million in 2022. Asia Pacific is characterized by steady growth in population, growing disposable income of people, and high per capita healthcare expenditure. According to a report published by the US Census Bureau in 2022, the population of Asia reached 4.5 billion in 2020. Super absorbent polymers act as water reservoirs in the soil, absorbing and storing large amounts of water from irrigation and rainfall. Thus, super absorbent polymers for agricultural applications and rising demand for incontinence products are projected to boost the super absorbent polymer market during the forecast period. 

The North America is expected to reach more than US$ 2,800 million by 2030. In North America, the utilization of super absorbent polymer is influenced by the rising demand for baby diapers, adult incontinence products, and feminine hygiene products. The emphasis on convenience, comfort, and improved absorbency in personal care products has fueled the demand for high-performance super absorbent polymers. Europe is expected to record a CAGR of ~6% from 2022 to 2030. According to a report by the United Nations Population Fund in 2022, the share of the aged population is anticipated to reach 30% of the total population in Europe by 2050. The aging and geriatric population is most likely to suffer from incontinence and require adult diapers to manage incontinence. Therefore, rising incontinence issues and growing emphasis on the development of bio-based super absorbent polymers are expected to create lucrative opportunities for market growth.

INDUSTRY DEVELOPMENTS AND FUTURE OPPORTUNITIES

Various initiatives taken by the key players operating in the super absorbent polymer market are listed below:

• In February 2023, Nippon Shokubai Co Ltd obtained ISCC PLUS certification for 19 products, including acrylic acid, superabsorbent polymers, and ethylene oxide. The certification allows the company to manufacture and market certified products using biomass-derived raw materials.
• In September 2022, Sanyo Chemical Industries Ltd declared that its subsidiary, SDP Global Co, created an environmentally friendly super absorbent polymer with plant-based biomass as one of its raw components.

Super Absorbent Polymers (SAP) Market Report Scope

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IMPACT OF COVID-19 PANDEMIC/IMPACT OF GEOPOLITICAL SCENARIO/IMPACT OF RECESSION 

Before the COVID-19 pandemic, many countries across the globe reported economic growth. The key manufacturers invested in the research and development of super absorbent polymers. They are also focused on the expansion of geographic reach through merger and acquisition strategies to cater to a wide customer base. Manufacturers reported challenges in sourcing raw materials and ingredients from suppliers, thereby impacting the production rate of a super absorbent polymer. Further, production shortfall caused by severe disruptions in supply chains and limited skilled laborers created a demand-supply gap in many regions, particularly Asia Pacific, Europe, and North America. The demand and supply gap were also recorded in the regions mentioned above due to fluctuating demand from the personal care, construction, and healthcare industries.

The sales of super absorbent polymer increased with the resumption of end-use industries. The market began reviving as governments of various countries took significant measures, such as well-coordinated vaccination drives. With the recovery of operations of the personal care, agriculture and construction sectors, the demand for super absorbent polymer has been growing.

COMPETITIVE LANDSCAPE AND KEY COMPANIES

Sanyo Chemical Industries Ltd, LG Chem Ltd, BASF SE, Sumitomo Seika Chemicals Co Ltd, Nippon Shokubai Co Ltd, Evonik Industries AG, Chase Corp, Yixing Danson Science and Technology Co Ltd, Songwon Industrial Co. Ltd, and Satellite Chemical Co Ltd. are among the key players operating in the super absorbent polymer market.