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The global super absorbent polymer (SAP) market is being driven by its growing demand to manufacture products such as baby diapers, feminine hygiene pads and liners, and incontinence products, particularly in emerging economies. The disposable baby diapers segment is the leading application segment of the product, accounting for nearly three-fourths of the global demand. Within the Asia Pacific, the rising awareness regarding personal hygiene has led to the increased adoption of diapers over cloth nappies, especially in regions like India and China. The demand for baby diapers in the Asia Pacific is expected to grow by almost 20% in the coming years due to rising urbanisation and increasing population in the region. Further, the product is finding applications in sectors like water treatment, medical industry, and agriculture, which are expected to grow more in the coming years, driving the market for super absorbent polymer (SAP) further.
The growing production of acrylic acid, which is a raw material for super absorbent polymers (SAP), is expected to further aid the global super absorbent polymer (SAP) industry. In October 2020, Arkema (EPA: AKE), a specialty chemicals and advanced materials company, announced the installation of a new acrylic acid reactor with a capacity of 90,000-ton at its Clear Lake, Texas site to support the growth of its North American customers in the adhesives, superabsorbents, paints, and water treatment markets.
Further, in Europe, the demand for super absorbent polymer (SAP) is expected to grow stably, mainly in Central Europe and Eastern Europe. In October 2018, NIPPON SHOKUBAI CO., LTD. (OTC: NPSHY), one of the key players in the super absorbent polymer (SAP) industry, expanded its production facility of super absorbent polymer (SAP) as well as acrylic acid at its subsidiary, NIPPON SHOKUBAI EUROPE N.V., in order to meet the growing demand for the product in the region. Such developments are expected to further drive the growth of the global super absorbent polymer (SAP) market over the forecast period.
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The major players in the global super absorbent polymer (SAP) market are Nippon Shokubai Co., Ltd., BASF SE, Sumitomo Seika Chemicals Co., Ltd, Evonik Industries AG, SDP Global Co., Ltd, LG Chem Ltd, Yixing Danson Technology, and Formosa Plastics Corporation, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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