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The global super absorbent polymers (SAP) market exhibited strong growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 12% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Super absorbent polymers refer to water-absorbing materials that are used in the manufacturing of various personal care products. SAPs are usually white sugar-like hygroscopic substances that absorb water to form transparent gel-based particles. These particles can retain moisture under pressure without rupturing or conflagrating. Apart from this, SAPs are also used in agricultural fields to increase the water holding capacity of the soil. They are commonly manufactured using suspension, solution and gel polymerization and find extensive application across various industries, including automotive, construction and packaging.
The growing demand from the agricultural sector, along with the rising health consciousness among consumers across the globe, represents as one of the key factors driving the growth of the market. SAPs, such as polyacrylamide, are commonly used in agricultural fields to improve soil quality, preserve water, facilitate seedling development and seed sprouting and enhance resistance to drought stress. They also aid in soil stabilization and flocculation of suspended particles and support rain-fed irrigation. Furthermore, increasing adoption of personal hygiene products is also providing a boost to the market growth. There is a significant increase in the preference for fluff-less baby diapers, feminine hygiene products and adult incontinence products, which are thinner, softer and provide improved absorption. Additionally, SAPs are increasingly being utilized in the manufacturing of food packaging products, adhesives, coatings and paper, which is creating a positive outlook for the market growth. Other factors, including rapid urbanization and extensive research and development (R&D) activities to manufacture bio-based SAPs, are projected to drive the market further in the coming years.
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The competitive landscape of the industry has also been examined with some of the key players being BASF, Evonik Industries, Formosa Plastics Group, Kao Corporation, LG Chem Ltd., Nippon Shokubai, Satellite Science and Technology Co. Ltd., SDP Global Co. Ltd., Sumitomo Seika Chemicals Company Ltd., Yixing Danson Technology Ltd. etc.
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