Superabsorbent Polymers Market

Superabsorbent Polymers Market Introduction:
Superabsorbent Polymers Market is expected to reach USD 8.02 Billion Dollar at the end of the forecasted period and is expected to grow at CAGR of more than 8.12% from 2018 to 2022.

Superabsorbent polymers are most widely used in manufacturing personal care products followed by its major use to effectively absorb water and supply it to the roots of the plants in agriculture sector. India appears to be the fastest growing consumer of superabsorbent polymers-based products over the forecast period.

Superabsorbent Polymers Market Key Players:
Superabsorbent Polymer Top Key Players Market are: BASF SE (Germany), Evonik Industries AG (Germany), NIPPON SHOKUBAI CO., LTD. (Japan), Kao Corporation (Japan), Formosa Plastics Corporation (Taiwan), LG Chem Ltd. (South Korea), SDP Global Co., Ltd. (Japan), 3M Company (U.S.), Sumitomo Seika Chemicals Co., Ltd. (Japan), and Song won Industrial Co., Ltd. (South Korea) are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Superabsorbent polymers Market.
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Industry/ Innovation/ Related News:
June 2015 – BASF SE (Germany), one of the key manufacturers of superabsorbent polymers also having presence in Brazil, has announced opening of its new production line for acrylic acid, butyl acrylate and superabsorbent polymers in Camaçari, Bahia, Brazil. These are the first plants for acrylic acid and superabsorbent polymers in South America. The complex has a capacity of 160,000 tons of acrylic acid per year. The investment of more than €500 million ($567 million) is the largest in BASF’s more than century-long history in South America. This complex will secure national and regional supply of products that are currently imported. Moreover, it reduces the demand for raw material to produce superabsorbent polymers in various applications.

September 2015 – Evonik Industries AG (Germany) a global manufacturer of superabsorbent polymers, has announced that company plans to increase its production capacities for superabsorbent polymers with selected debottlenecking measures. With the project engineering phase complete, the company says implementation will now be conducted in several phases. Evonik’s global superabsorbent production capacities will increase by approximately 40,000 metric tons per year. The group sees the biggest potential in its Krefeld and Rhein Münster plants. The company says the resulting flexibility for planning and utilizing production capacities will be used to secure and expand Evonik's leading market position in the area of superabsorbent polymers.

June 2017 – NIPPON SHOKUBAI CO., LTD. (Japan), Japanese superabsorbent polymer producer Nippon Shokubai announced a substantial price increase for superabsorbent polymers effective from July 1, 2017, or as contracts and agreements allow. The announcement said prices will go up by $200 a tonne. This is anticipated to have a negative impact in the North East Asia region.

Superabsorbent Polymers Market Application:
Superabsorbent Polymer in the applications such as agriculture, personal care, construction materials, food packaging, sensor systems and others. As per the analysis, agriculture is one the leasing application in terms of demand, followed by personal care. In personal care, the major market has been covered by disposable infant diapers and seeing the demand of this product, the global market can achieve a higher growth in near future. Additionally, the rising agriculture industry is also the major reason behind this massive growth. Geographically, North America is the leading market followed by Europe and APAC.

Superabsorbent Polymers are a special type of polymer that has the ability to retain and absorb water and other aqueous solutions. The absorbency of super absorbent polymer (SAP) depends on the cross-linkers used in the manufacturing of the gel. Low density cross linked super absorbent polymers has more absorbent capacity. The excellent absorbing qualities of finds its way into many end user industries such as personal care, building and construction, food packaging and others. The growing construction in the developing region throughout the globe coupled with the increasing demand from the agricultural sector are the major driver contributing to the market growth.

Superabsorbent Polymers Market is increasing with the impulsive pace; owing to the growing personal hygiene application. According to a recent study report published by the Market Research Future, The global market of Superabsorbent polymers is booming and expected to gain prominence over the forecast period. The market is forecasted to demonstrate a stunning growth by 2022, surpassing its previous growth records in terms of value with a striking CAGR during the estimated period (2018 – 2022).

Superabsorbent Polymers Market has seen a growth over a period and is expected to grow at same pace during forecasted period. Superabsorbent Polymers are particularly used in the personal care and health care, agriculture and others. Agriculture segment is fastest growing application in-addition important application areas of agricultural can broadly be classified into gardening, horticulture, forestry, and golf-course. With economic development, countries like China, U.S are innovative technology which causes Superabsorbent Polymers market to rise in future.

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Superabsorbent Polymer Market Regional Analysis:
Superabsorbent polymer market is categorized into five regions, Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa. The Asia Pacific region is expected to grow with the highest CAGR during the assessment period, (2018 to 2022) owing to expansion of numerous end use industries such as building & construction and agriculture among others. The demand for super absorbent polymer is expected to surge in the various countries of Asia Pacific such as China, India, Japan, Thailand, South Korea, and Malaysia on account of approval of large scale residential, commercial, as well as industrial construction projects. Moreover, rising number of working professionals along with increasing disposable income in emerging nations is predicted to drive the market growth. Furthermore, ease of availability of raw material, inexpensive labour & land cost, and rising development strategies to fulfil the demand for super absorbent in the rising applications are the important factors for the regional market growth.

Superabsorbent Polymers Market Competitive Analysis:
Superabsorbent polymers market appears to be less competitive with the presence of only few major global chemicals and materials manufacturers operating in the superabsorbent polymers market. Presence of few key players will lead to monopoly situation and also competitive edge in innovation and technology is expected to be indelicate. As these materials are pricing at higher costs in the current markets and increasing demand for superabsorbent materials in personal care and paints & coatings industries will influence the end user products from these industries. Superabsorbent polymers market demonstrates a high growth potential as the demand for these materials is increasing other key players are likely to invest in opening new production capacities to meet the global demand with better solutions.

Superabsorbent polymers products are manufactured by utilizing polyacrylic acid as raw material which are costlier but they are capable to deliver high performance. These high value added products widely used as moisture absorbers in various industries.

Superabsorbent Polymers Market Table of Content:
1 Executive Summary
2 Scope of the Report
2.1 Market Definition
2.2 Scope of the Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
4 Market Landscape
4.1 Five Forces Analysis
4.1.1 Threat of New Entrants
4.1.2 Bargaining Power of Buyers
4.1.3 Threat of Substitutes
4.1.4 Segment Rivalry
4.2 Value Chain/Supply Chain of Global Superabsorbent Polymers Market
5 Industry Overview of Global Superabsorbent Polymers Market
5.1 Introduction
5.2 Growth Drivers
5.3 Impact Analysis
5.4 Market Challenges
5.5 Impact Analysis
Superabsorbent Polymers Market Table of Content to be Continue……,

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