H1 2023: The largest producers of Superabsorbent Polymer (SAP) in H1 2023 were Nippon Shokubai Co Ltd, Evonik Industries, and BASF SE. In H1 2023, the Asia Pacific region witnessed a bearish trend of the Superabsorbent Polymer market. The downstream personal hygiene industry saw a decrease in SAP purchases, which relieved pressure on the product's prices. A rise in inventory was seen as a result of decreased consumption in the region. The producer's supply chain was modest, which led to an increase in Super Absorbent Polymer inventories in the South Korean market. Investors got worried about the South Korean market seeing lower sales by the region's distributors as loss appeared to de-escalate. On the other hand, US saw decline in the SAP prices in H1 2023. The market circumstances were sluggish and there was little demand for SAP by the downstream sectors. Additionally, the production cost was low as the market price of the raw ingredient acrylic acid fell sharply from February 2023. Operating rates of factories also fell in North America withdrew from downstream personal care goods. US had significant revenue declines, which reduced total sales. In the end, their net profit margin significantly decreased, indicating the unfavorable market conditions. Thus, SAP demand was feeble throughout H1 2023 in the US.
The global Superabsorbent Polymer market stood nearby 3500 thousand tonnes in 2022 and is expected to grow at an impressive CAGR of 4.95% during the forecast period until the year 2030. The rising demand of new and improved water-absorbing polymers for manufacturing sanitary products is driving the Superabsorbent polymer market.
Superabsorbent polymer (SAP) is a polymer with cross-linked structure which prevents disintegration. This substance possesses a high capacity to absorb liquids. It can be produced at cheap costs. The primary market driving factor for the growth of Superabsorbent Polymer market is its application in Personal hygiene Industry. To absorb water and aqueous solutions, SAPs are frequently used in baby diapers, adult diaper products, and feminine hygiene products like sanitary napkins. It is a better alternative to cotton in sanitary napkins and prevents the chances of vaginal cancer. Furthermore, its application in the medical sector for surgical bands, dressings, and implants is another leading fragment of the market. Moreover, the application of SAP in the agriculture sector such as drip irrigation is anticipated to further propel its demand in the forecast period. The Superabsorbent Polymer market demand is expected to reach approximately 5300 thousand tonnes by 2030.
Based on region, Asia Pacific is dominating across all the areas around the globe, With a regional share of over 40% in 2022, Asia-Pacific is expected to have the biggest demand for superabsorbent polymer globally, followed by Europe. Growing demand for baby diapers due to greater birth rates, higher disposable incomes, and expanding public awareness of hygiene, particularly in China and India, are factors driving the SAP market in the emerging economies of APAC. Moreover, Asia Pacific is also leading in terms of producing SAP as majority of the factories are set up in locations like China, Japan, and Korea.
Based on the end-user industry, the global Superabsorbent Polymer market is segmented into Personal Hygiene, Medical, Agriculture, and Others. The Personal hygiene industry is dominating the Superabsorbent Polymer market. In 2022, this industry held a market share of nearly 75% of the global SAP market. It is anticipated that this sector will maintain its position owing to growing demand of crops with the fast-growing population across the globe. Other applications of Superabsorbent Polymer in the medical sector owing to its high-absorption rate along with ability to replace traditional materials like cotton and cloth is anticipated to further fuel the Superabsorbent Polymer demand in the forecast period.
Major producers in the production of Global Superabsorbent Polymer market are OCP Group, Mosaic Company, IFFCO, Nutrien, Ma’aden, J.R. Simplot Company, ICL-YTH Group, Wengfu Group Co., Ltd., ICL(Rotem), Indorama (Industries Chimiques du Senegal), PhosAgro, Foskor Group, Rotem Amfert Negev Ltd., Yara, Coromandal International limited, JIFCO, and Indo Maroc Phosphore SA (IMACID).
Years considered for this report:
Historical Period: 2015- 2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2024-2030
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Objective of the Study:
• To assess the demand-supply scenario of Superabsorbent Polymer which covers production, demand and supply of Superabsorbent Polymer market in the globe.
• To analyze and forecast the market size of Superabsorbent Polymer
• To classify and forecast Global Superabsorbent Polymer market based on end-use and regional distribution.
• To examine competitive developments such as expansions, mergers & acquisitions, etc., of Superabsorbent Polymer market in the globe.
To extract data for Global Superabsorbent Polymer market, primary research surveys were conducted with Superabsorbent Polymer manufacturers, suppliers, distributors, wholesalers and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for Global Superabsorbent Polymer market over the coming years.
ChemAnalyst calculated Superabsorbent Polymer demand in the globe by analyzing the historical data and demand forecast which was carried out considering the raw material to produce Superabsorbent Polymer. ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• Superabsorbent Polymer manufacturers and other stakeholders
• Organizations, forums and alliances related to Superabsorbent Polymer distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Superabsorbent Polymer manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, Global Superabsorbent Polymer market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Attribute
Details
Market size Volume in 2022
3500 thousand tonnes
Market size Volume by 2030
5300 thousand tonnes
Growth Rate
CAGR of 4.95% from 2023 to 2030
Base year for estimation
2023
Historical Data
2015 – 2022
Forecast period
2024 – 2030
Quantitative units
Demand in thousand tonnes and CAGR from 2023 to 2030
Report coverage
Industry Market Size, Capacity by Company, Capacity by Location, Operating Efficiency, Production by Company, Demand by End- Use, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Company Share, Foreign Trade, Manufacturing Process, Policy and Regulatory Landscape,
Segments covered
By End-Use: Personal hygiene, Medical, Agriculture, and Others)
By Sales Channel: (Direct Sale and Indirect Sale)
Regional scope
North America, Europe, Asia Pacific, Middle East and Africa, and South America.
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Market Data & Insights
Table of Content
1. Industry Market Size
It is an essential metric for market analysis, as it provides insights into the overall size and growth potential of Superabsorbent Polymer market in terms of value and volume.
2. Capacity By Company
On our online platform, you can stay up to date with essential manufacturers and their current and future operation capacity on a practically real-time basis for Superabsorbent Polymer .
3. Capacity By Location
To better understand the regional supply of Superabsorbent Polymer by analyzing its manufacturers' location-based capacity.
4. Plant Operating Efficiency
To determine what percentage manufacturers are operating their plants or how much capacity is being currently used.
5. Production By Company [Quarterly Update]
Study the historical annual production of Superabsorbent Polymer by the leading players and forecast how it will grow in the coming years.
6. Demand by End- Use [Quarterly Update]
Discover which end-user industry (Personal hygiene, Medical, Agriculture, and Others) are creating a market and the forecast for the growth of the Superabsorbent Polymer market.
7. Demand by Region
Analyzing the change in demand of Superabsorbent Polymer in different regions, i.e., North America, Europe, Asia Pacific, Middle East and Africa, and South America, that can direct you in mapping the regional demand.
8. Demand by Sales Channel (Direct and Indirect)
Multiple channels are used to sell Superabsorbent Polymer. Our sales channel will help in analyzing whether distributors and dealers or direct sales make up most of the industry's sales.
9. Demand-Supply Gap
Determine the supply-demand gap to gain information about the trade surplus or deficiency of Superabsorbent Polymer.
10. Company Share
Figure out what proportion of the market share of Superabsorbent Polymer is currently held by leading players across the globe.
11. Country-wise Export
Get details about quantity of Superabsorbent Polymer exported by major countries.
12. Country-wise Import
Get details about quantity of Superabsorbent Polymer imported by major countries.
13. Manufacturing Process
Discover insights into the intricate manufacturing process of Superabsorbent Polymer.
14. Policy and Regulatory Landscape
Gain a comprehensive understanding of the policy and regulatory landscape within the Superabsorbent Polymer market.
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of force majeure, affects the plant's operating rate for the given duration. Disruption tracker gives a clear insight
into the worldwide outages affecting the commodity of interest. With every shutdown, it also reflects the impact on
supply of the product in the market at a Global level.
What are the major end-use industries utilizing Superabsorbent Polymer?
Ans:
Superabsorbent Polymer demand is majorly driven by the Personal Hygiene, Medical, Agriculture, and Others.
Q2.
What is the expected market volume of the global Superabsorbent Polymer by 2030?
Ans:
It is expected that the market volume of the global Superabsorbent Polymer will expand to reach approximately 5300 thousand tonnes by 2030.
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