The impact of COVID-19 pandemic can be felt across the chemical industry. The growing inability in the production and manufacturing processes, in the light of the self-quarantined workforce has caused a major disruption in the supply chain across the sector. Restrictions encouraged by this pandemic are obstructing the production of essentials such as life-saving drugs.
The nature of operation in chemical plants that cannot be easily stopped and started, makes the operational restrictions in these plants a serious concern for the industry leaders. Restricted and delayed shipments from China have created a price hike in the raw materials, affecting the core of the chemicals industry.
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The slacking demand from different impacted industries such as automotive is negatively influencing the growth of the chemical industry. In light of the current crisis, the market leaders are focused to become self-reliant which is expected to benefit the economic growth of different economies in the longer term. Companies are triggering events to restructure and recover from the losses incurred during the COVID-19 pandemic.
The global superabsorbent polymer market is choc-o-bloc with companies both small and large. However, the market features a largely consolidated vendor landscape with top three players holding close to 60% share in the overall market. Expansion into emerging markets and increasing production capacity are the focus of large companies in the superabsorbent polymers market.
The global superabsorbent polymer market is predicted to expand at a CAGR of 4.6% for the forecast period between 2017 and 2025, says a market intelligence study. Expanding at this pace, the opportunities in the market are likely to translate into a revenue of US$8,173.1 mn by the end of 2025.
Sodium Polyacrylate Product Segment to Remain Attractive
The superabsorbent polymer market is segmented on the basis of product type, application, and region. In terms of product type, sodium polyacrylate, polyacrylamide copolymer, and others are the segments into which the superabsorbent polymer market is divided. Of them, sodium polyacrylate accounts for widespread demand in the superabsorbent polymer market. This is because sodium polyacrylate is an ideal choice for personal care products such as baby diapers, feminine hygiene products, and adult incontinence products. Some other applications of sodium polyacrylate include thickening agent in industries and for water retention in agricultural settings. Polyacrylamide copolymer is anticipated to emerge significant in the superabsorbent polymer market. This is owing to high suitability of polyacrylamide copolymer for agricultural applications. The others segment comprise polyvinyl alcohol copolymer and ethylene-maleic anhydride copolymer that exhibit substantial absorption properties.
Application-wise, disposable diapers, adult incontinence products, female hygiene products, agriculture products, and others are the key segments of the superabsorbent polymers market. Disposable diapers is currently the leading application segment for superabsorbent polymers. Going forward, the segment is envisaged to hold leading share in the overall market; disposable diapers segment is predicted to rise at a CAGR of 4.7% between 2017 and 2025.
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Adult incontinence products and feminine hygiene products also account as significant application segments for superabsorbent polymers. Adult incontinence products include pads and diapers used to provide protection against bladder leakage. Therefore, superabsorbent polymers used for this application need to exhibit higher absorption property than that for baby diapers. On the other hand, superabsorbent polymers used for feminine hygiene products need to surpass other applications in terms of retention capacity and absorption rate. This is because superabsorbent polymers are used for menstruation products that need to be foolproof.
Superabsorbent polymers find significant applications in agriculture. They are used to retain moisture in soil especially in cold and dry climatic regions. The use of superabsorbent polymers helps reduce soil erosion and decreases the use of fertilizers. Others application segment of superabsorbent polymers include construction, packaging among others.
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