The rising awareness about personal hygiene coupled with high disposable income, especially of consumers in developing economies and densely populated countries such as India and China, will present considerable growth opportunities in the superabsorbent polymers market during the forecast period of 2020-2030. Properties of superabsorbent polymers make them an ideal material across numerous end-use industries such as packaging, agriculture, healthcare, and others.
Enhanced water retention, preservation of stored components, and controlled release are some vital advantages that invite considerable growth opportunities for the superabsorbent polymers market. In addition, industrial applications are also making use of superabsorbent polymers on a large scale. These aspects bode well for the growth of global market.
Superabsorbent polymers are materials, which have the capacity to absorb aqueous fluids up to 300 times their weight. The release after absorption is also not subsequent. These benefits prove to be growth accelerators for the superabsorbent polymers market. The advantages make them fit for use in hygienic products like adult incontinence products, baby diapers, sanitary products, and others.
Transparency Market Research (TMR) has conducted a comprehensive research on various aspects associated with the growth of the superabsorbent polymers market. TMR experts, after a scrutinized research, have projected the global market for superabsorbent polymers to expand at a CAGR of 5% during the forecast period of 2020-2030. The superabsorbent polymers market is expected to reach a valuation of US$ 15.24 Bn by 2030.
Rising demand for personal hygiene products such as baby diapers and adult incontinence products, awareness about infant hygiene, and use of the droplet polymerization technology present lucrative opportunities for the superabsorbent polymers market. Furthermore, the swelling demand for superabsorbent polymers in agriculture presents several growth opportunities. These factors will help in strengthening the overall growth trajectory of the superabsorbent polymers market.
Key Findings of Report
Biodegradable Superabsorbent Polymers to Witness Significant Demand
Superabsorbent polymers created from synthetic copolymer hydrogels display low eco-friendly attributes. It has led to immense environmental harm due to the piling up of disposable diapers in landfills. These factors are driving manufacturers in the superabsorbent polymers market to leverage innovations in crosslinking and fermentation for developing biodegradable superabsorbent. Companies in the superabsorbent polymers market are also researching on polysaccharides to bypass the limitations of potassium polyacrylate in products related to agriculture. This aspect will help increase the availability of superabsorbent polymers.
COVID-19 Pandemic Opens Promising Growth Avenues for Superabsorbent Polymers Market Players
The development of efficient superabsorbent gels will offer substantial growth opportunities in the superabsorbent polymers market during the COVID-19 pandemic. Ensuring safe disposal of infected secretion from COVID-19 patients has become a crucial aspect. Thus, the demand for superabsorbent gels is increasing exponentially. These factors are encouraging manufacturers in the superabsorbent polymers market to expand their production capacities for developing disinfecting superabsorbent gels.
Agriculture to Emerge as Lucrative Application
Superabsorbent polymers help improve soil conditions by absorbing and storing water derived from rain or irrigation process due to their exceptional water retention properties. This aspect increases the efficiency of irrigation process and ensures proper use of water.
Arid and semi-arid regions particularly benefit from this advantage, as water scarcity is a common phenomenon in these areas. This is one of the many uses of superabsorbent polymers in the agriculture sector. In addition, the use of the hydrogel technology to enhance the quality of soil will present substantial growth opportunities.
Some well-established players in the superabsorbent polymers market are Sumitomo Seika Chemicals Co. Ltd, Nippon Shokubai Co., Ltd, Sanyo Chemical Industries, and BASF SE.
The global superabsorbent polymers market is segmented based...
Read More
(All Rights Reserved)