Super Absorbent Polymer Market Scope And Analysis

Report Code : TIPRE00003573
Category : Chemicals and Materials

Status : Published
No. of Pages : 265

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Super Absorbent Polymer Market Scope and Analysis Report by 2030

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Super Absorbent Polymer Market Report Scope

Report Attribute	Details
Market size in 2022	US$ 7.34 Billion
Market Size by 2030	US$ 11.46 Billion
Global CAGR (2022 - 2030)	5.7%
Historical Data	2020-2021
Forecast period	2023-2030
Segments Covered	By Type Polyacrylic acid By Polyacrylamide PAM By Sodium Polyacrylate, Potassium Polyacrylate, Polysaccharides) By Category Synthetic Biobased
Regions and Countries Covered	North America US Canada Mexico Europe UK Germany France Russia Italy Rest of Europe Asia-Pacific China India Japan Australia Rest of Asia-Pacific South and Central America Brazil Argentina Rest of South and Central America Middle East and Africa South Africa Saudi Arabia UAE Rest of Middle East and Africa
Market leaders and key company profiles	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

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.