The super absorbent polymer market offers insights into chief growth drivers and restrains affecting sales through 2021 and beyond. The rising demand for Sodium Polyacrylate will continue driving ales in the market.
Future Market Insights (FMI), Dubai: As per a study by FMI, the super absorbent polymer demand is expected to increase at a CAGR of 4.9% during the forecast period from 2021 to 2031. The sales of super absorbent polymers are will continue surging through the assessment period owing to application in diverse industries.
According to the market analysis, the disposable diapers manufacturing sector will account for 76% sales in 2021. Regardless of the challenges posed by COVID-19 outbreak, the demand increased by 4.7% between 2020 and 2021. By the end of 2021, the market is expected to surpass US$9.18 Bn.
Rising demand for adult incontinence and feminine hygiene products will continue driving super absorbent polymers sales. Besides this, the market is expected to gain from awareness about hygiene and cleanliness. Thanks to initiatives undertaken by governments around the world undertaken to educate people about the importance of proper hygiene, sales of super absorbent polymers will increase.
The increasing prevalence of urinary incontinence will create demand for adult incontinence products. Consequently, the production of super absorbent polymers will surge amid the focus on improving overall quality of patient care. Numerous reimbursement and healthcare policies undertaken by government bodies are boosting consumer expenditure on incontinence products therefore, in turn fuelling the demand for super absorbent polymers in the global market.
On the flipside, the global super absorbent polymer market is expected to get negatively affected by declining birth rate and low fertility rates. Super absorbent polymers are key materials used in baby diapers. Risk of decelerating baby diapers sales could negatively impact overall growth. Also, fluctuating price of super absorbent polymers will pose a threat to the global sales.
“Key players in the global market are investing in developing bio-based super absorbent polymers to shift towards alternative renewable choices. Focus on eco-friendlier solutions will create prospects for their growth in the coming years,” says the FMI analyst.
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Companies operating in the super absorbent polymers market are investing in strategic partnerships and collaborations to expand their consumer base and regional presence.
For instance, LG Chem and Archer Daniels Midland Company in September 2019, pitched into a joint agreement to develop bio-based acrylic acid used as a base material for manufacturing absorbent polymers.
Evonik Industries AG in March 2017, launched FAVOR max range for ultra-thin baby diapers that is more absorbent and reliable. Hygiene product manufacturers can further improve product performance.
More Insights on the Super Absorbent Polymer Market
FMI provides an unbiased analysis of the super absorbent polymer market, presenting historical demand data (2016-2020) and forecast statistics for the period from 2021-2031. The study divulges compelling insights on the global super absorbent polymer market with a detailed segmentation on the basis of:
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Key Questions Covered in the Super Absorbent Polymer Market Report
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