The global superabsorbent polymer (SAP) market is anticipated to grow at a significant CAGR of 5.9% during the forecast period. The proactive factors that boost the market growth include an increase in the agriculture sector, technological innovations, the presence of key market players, and the growing adoption of superabsorbent polymers in the baby care sector. For instance, in September 2019, Archer Daniels Midland Company (ADM) and LG Chem announced a joint development agreement to create biobased acrylic acid, a foundational element required in the manufacture of superabsorbent polymers (SAP) used in a range of hygiene products, including diapers. In addition, technological advances, innovative strategies adopted by key players, and regulatory bodies are other factors that boost the market growth. In January 2023, the University of Minnesota Twin Cities invented a new catalyst technology that converts renewable materials such as trees and corn to the key chemicals, acrylic acid, and acrylates used in paints, coatings, and superabsorbent polymers. The new catalyst technology is also highly efficient, which means lower costs for manufacturing renewable chemicals.
Browse the full report description of “Superabsorbent Polymer (SAP) Market Size, Share & Trends Analysis Report by Type (Sodium Polyacrylate, Polyacrylamide Copolymer, Polyacrylate Copolymers, Ethylene Maleic Anhydride Copolymers, Polysaccharides, and Others), and by Application (Pharmaceuticals, Personal Care, Baby Care, Agriculture, Packaging, Construction, and Others) Forecast Period (2023-2029)” at https://www.omrglobal.com/industry-reports/superabsorbent-polymer-sap-market
Moreover, the major vendors which include, Cargill and P&G, Bharat Petroleum Corp., and others adopted numerous key strategies such as partnerships, new product launches, and innovations that further propel the market growth. For instance, in May 2020, Procter & Gamble granted Cargill, Inc., an exclusive license that allows Cargill to further develop and commercialize a technology developed by P&G that converts lactic acid into bio-based acrylic acid, so that it can ultimately be incorporated in a range of applications from superabsorbent polymers in absorbent hygiene products to thickeners in household paints and beyond. The use of bio-based acrylic acid reduces greenhouse gas (GHG) emissions. Furthermore, in June 2021, Bharat Petroleum Corp. set up a 50,000 metric tonne per annum superabsorbent polymer plant at the Kochi refinery, in India. The superabsorbent polymer manufactured in this power plant is used in various hygiene products such as diapers, and other incontinence products.
Market Coverage
• The market number available for – 2023-2029
• Base year- 2021
• Forecast period- 2023-2029
• Segment Covered-
o By Type
o By Application
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- BASF SE, Evonik Industries, LG Chem, Nippon Shokubai Co., Ltd., and others.
Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?
Global Superabsorbent Polymer (SAP) Market Report Segment
By Type
By Application
Global Superabsorbent Polymer (SAP) Market Report by Region
North America
• US
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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