Super Absorbent Polymer Market Overview:
Super absorbent 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 have 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.
Super Absorbent Polymer Market Key Players:
• NIPPON SHOKUBAI CO., LTD (Japan)
• SUMITOMO SEIKA CHEMICALS CO., LTD. (Japan)
• Yixing Danson Technology (China)
• BASF SE (Germany)
• Formosa Plastics Corporation (Taiwan)
• Kao Corporation (Japan)
• Evonik Industries AG (Germany)
• LG Chem (South Korea)
• SONGWON (South Korea)
• Sanyo Chemical Industries, Ltd. (Japan)
among others are some of the prominent players at the forefront of competition in the global super absorbent polymer Market and are profiled in MRFR Analysis.
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Industry/ Innovation/ Related News:
30 May 2017- Sumitomo Seika Chemicals co, Ltd, has decided to expand their super absorbent polymer production facilities in South Korea. They invested around 8 billion yen to increase their production capacity form 59000 ton per year to a total of 118000 tons a year. This expansion is expected to stable the supply of super absorbent polymer in Asia Pacific thereby adding to the market growth.
26 December 2017- LG chem Ltd, is expected to increase their production capacity of acrylic acid and super absorbent polymer by the end of 2019. They South Korean company invested 300 billion dollars for the same. The production expansion is expected to increase the yield of super absorbent polymer form 100000 tons per year to 500000 tons per year. This expansion is anticipated to further surge the market of super absorbent polymers in the Asia Pacific region.
Super Absorbent Polymer Market Regional Analysis:
Asia pacific is expected to be the fastest growing region during the forecast years. The growing population in the developing countries especially India and china has augmented the demand for personal care which is a major factor driving the market in the region. Moreover, the presence of agrarian economies such as India and China have further added to the market demand owing to the growing use of super absorbent polymer as seed coating material, root dipping and excellent water conservation technique among others.
Super Absorbent Polymer Market Segmentation Analysis:
Super absorbent polymer market is segmented by type, end-use, and region. By type, the market is divided into sodium polyacrylate, polyacrylamide copolymer, and others. Sodium polyacrylate and polyacrylamide copolymer segments are anticipated to accumulate sufficient revenue by the end of the forecast period.
Major end-use industries include food packaging, building & construction, agriculture, personal care, and others. The agriculture segment is anticipated to generate high demand for quality crops. Awareness among farmers coupled with advances in horticultural practice such as seed coating and root dipping are projected to drive segment growth. Rising population in developing economies can also play a huge role in fueling segment growth.
Super Absorbent Polymer Market Table of Content to be Continue……,
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