The chemical industry is focused to keep the business operations running along with ensuring the labor safety amid the COVID-19 pandemic. To recover the losses created by the decline in demand for various products, the companies are capitalizing on the escalating demand for products such as disinfectants and personal protective equipment. Many leading players in the chemical industry have expanded their business to enter into the production of safety products. Companies are resorting to advanced technologies in production to reduce the dependence on work-force.
They are increasingly adopting advanced digital capabilities to integrate supply chain and logistics to ensure the effective delivery of products. The industry heads are seeking the real-time situation of their supply chains to identify potential weaknesses, especially in terms of geography, and strengthen it. The financial disclosures are being extended beyond the usual financial statements to deal with the risks that have aroused amid the COVID-19 pandemic
The global demand for super absorbent polymers reached 8,166.8 Kilo Tons in 2018, unveils the new research report on the super absorbent polymers market by PMR. As per PMR research study, the super absorbent polymers market is projected to grow by ~5% CAGR during the forecast period. Changing consumer preference and growing awareness about hygiene products is expected to pave the way for super absorbent polymers market growth in the coming years.
According to the analysis, disposable diapers is the major application segment for superabsorbent polymers. With increasing hygiene awareness all over the globe, the demand for baby diapers is increasing steadily. Super absorbent polymers used in baby diapers absorb urine readily and thus, owing to the convenience they offer, diapers are being readily adopted. Increasing demand for thinner diapers is creating demand for super absorbent polymers with higher absorbing properties.
Furthermore, factors such as increased demand for disposable diapers and adult incontinence products are expected to build-up growth potential for the super absorbent polymers market during 2019-2029. The global super absorbent polymers market has registered significant growth in the last few years and was valued at ~US$ 8.1 Bn in 2018. Riding on this wave of success, it is expected to reach a market valuation of ~US$ 13.6 Bn over the forecast period.
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Rising Market Attractiveness of Asia Pacific
Asia Pacific is one of the most attractive regions for the super absorbent polymers market in terms of consumption. Japan, China, and South Korea collectively account for the lion’s share in terms of production as they house many local as well as global producers of super absorbent polymers. Therefore, many of the local as well as global manufacturers are increasing their production capacities in order to cater to the growing demand for super absorbent polymers.
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Disposable Diapers – A Prime Mover for the Super Absorbent Polymers Market
A robust market trajectory is projected for the super absorbent polymers market. In addition, disposable diapers using a sodium polyacrylate are expected to remain the prominent application of super absorbent polymers.
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