Superabsorbent Polymer Pricing Report

Superabsorbent Polymer Prices December 2023

In the APAC region, the SAP supply is mainly sourced from China, where manufacturers are supporting higher stocks of raw materials. The decline of feedstock prices drags domestic producers to maintain their stocks and wait for the demand shift from other major importing countries such as India and the United States. Along with this, the manufacturing PMI which measures the production across various industrial sectors reports a sharp rise which indicates a good projection for SAP usage. Though in China the SAP demand presently lacks due to the downward trend of consumption of the major customers such as diaper and sanitary pad manufacturers that together roughly account for more than 70% share of the total market. On the other hand, next day demand from major importing countries such as India and the US has been characterized by sluggishness. As a result, the SAP price in this quarter ended at 1300 USD/MT CFR Qingdao, down mildly by 1.13%. This trend shows that there is still ample supply with weak demand and hence the overall sentiment of the market prevailing in the APAC region.

Superabsorbent Polymer Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Superabsorbent Polymer Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of superabsorbent polymer pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

It encompasses an in-depth review of spot prices at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of price trends across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing superabsorbent polymer price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.

Superabsorbent Polymer Market Analysis

The global superabsorbent polymer market size reached US$ 10.6 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 23 Billion, at a projected CAGR of 8.70% during 2023-2032.

• The superabsorbent polymer (SAP) technology is an indispensable component in modern agriculture, delivering a breakthrough to water availability hurdles. The global agriculture sector faces increasing pressure to produce higher yields, with limited water, and in this context, SAPs become indispensable as they improve soil water retention thereby helping to address this growing and complex challenge. For instance, as per the USDA reports, demands for support animal partners would grow at a rate of 9% per annum. This upsurge is particularly palpable in places with water stress, where the farmers are at their wit’s end in search for innovative ways to enhance crop harvest. SAPs helps to increase the water supply for the plant’s roots and decrease the occurrence of irrigation. This plays a major role in the green agriculture, harmonizing with the broader environmental conservation program.
• The market for hygiene industry has been witnessing a gradual but gradually advancing demand for superabsorbent polymers (SAPs), driven by the population rise, urbanization and awareness of personal hygiene. Similarly, SAPs are common in the various hygienic articles including diapers, feminine hygiene products and adult incontinence pads since they have tremendous water absorbing capability. For instance, the Food Drug Administration report shows that an average 6% growth per year for SAPs used in hygiene interventions. This rise is driven by a move in preference of consumers for handy and efficient hygiene commodities especially in developed and emerging markets. SAPs improve user comfort and hygiene by allowing designers to design thinner more absorbent products that promote higher standard hygiene across the globe.
• The construction field utilizes superabsorbent polymers (SAPs) more and more for the improved functionality of different types of building materials, like in concrete. SAPs are usually blended to the concrete mixes to increase water absorption and retention capabilities of concrete and as a consequence, to strengthen, durability and longevity of concrete structures. According to the U.S. Department of Commerce, the need of SAPs in building engineering is growing yearly by over 10%. This growth is supported heavily by enormous public investments in projects to improve urban infrastructure by governments all over the world that aim to address urbanization issues and stimulate development. Reduction of the problems related to concrete cracking, shrinkage and moisture absorption is the role of SAPs and this contributes to the growth of structures that are resilient and sustainable and enable cities to adapt to the changing circumstances.

Superabsorbent Polymer News

The report covers the latest developments, updates, and trends impacting the global superabsorbent polymer market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in superabsorbent polymer production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that shape the industry landscape.

Latest developments in the superabsorbent polymer industry:

• In February 2023, the Nippon Shokubei Co., Ltd. acquired the ISCC PLUS certification for superabsorbent polymers and acrylic acid and ethylene oxide. This certification indicates the company`s dedication to sustainable practices using biomass as predominant raw material in manufacturing detergents, diapers and other products, for example. Using renewable resources, Nippon Shokubai becomes part of environment preservation and promotion of green alternatives in different industries.
• In March 2021, BASF has invested totally $30.1 million for establishment of a new Business Excellence Hygiene Center. Antwerp in Belgium was the site of a project that was intended to increase the innovation competency for BASF’s business that revolves around super absorbent polymers. Our Super Absorbents Excellence Center that acts as a center of science and technology is a great platform where up-to-date materials science is explored with a purpose to increase the quality of our hygienic products. BASF's investment underlines its focus on promoting innovation and keeping the pace with changing market trends that demand green and cost-effective solutions in the hygienics sector.

Product Description

Superabsorbent polymers (SAPs) are a groundbreaking innovation in many industries, famed for their astonishing water-soaking potential and colonization abilities. These polymers have been recognized in influencing in the realization of products such as diapers, feminine hygiene items and agricultural applications. SAPs do that in the diapers by holding the moisture that prevents babies from experiencing unpleasant sensations. Moreover, in term of agriculture, SAPs increase moisture levels in the soil which promote better crops growth despite conserving irrigation water.

Moreover, SAPs contribute to the field of building in addition to sanitation and agriculture by bolstering the concrete strength as well as resilience through prevention of cracking and shrinking problems. They have remarkable applicability in the medical and pharmaceutical industry including wound dressings and controlled-release drug delivery systems.

The demand continues growing for the SAPs all over the world; the need for water conservation, hygiene products and sustainable solutions are making this market to expand. Manufacturers are investing more in research and development that boost SAP performance areas which include biodegradability and environmental sustainability. This gave birth to SAPs from multiple sources, which has really expanded the frontiers of innovation in this area.

Regional Coverage

The report provides a detailed analysis of the superabsorbent polymer market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the price trends.

Global Superabsorbent Polymer Price

The report offers a holistic view of the global superabsorbent polymer pricing trends, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level.

Europe Superabsorbent Polymer Price

In Europe the Superabsorbent Polymer (SAP) industry was overshadowed by the fourth quarter of 2023 prices that fell sharply due to the decrease in Acrylic Acid, the sector’s most essential raw material. This downward slope points out a situation of oversupply among suppliers and iunder status of demand from industries at large. Even though the manufacturing PMI exceeds average levels reflecting the improvement in production conditions, the SAP inventories demonstrate uneven demand, possibly indicating obstacles. The pricing market is in accordance with the overall condition of the economy in which its industry sectors are constantly bombarded with uncertainties, therefore, the decrease in both the production and consumption. Nonetheless, slumping prices have allowed suppliers to remain over the top in their stock endeavors, moreover, transmitting benefits to the clients, which has contributed to some comfort among the economic uncertainties.

This analysis can be extended to include detailed superabsorbent polymer price information for a comprehensive list of countries.

North America Superabsorbent Polymer Price

In North America, the important industry players augmented pricing strategies during the fourth quarter of 2023, especially fueled by the producers’ actions in the Asian market. These were compounded by the Scanport SAP freight index which simultaneously skyrocketed in the near east. An ensuing rise in the competing packers in Asia caused a decline in supply and higher costs for North American buyers who in turn were forced to pay high prices. The picture illustrates how the clear the impact of international markets and the difficulties locally made price decisions arising in distant areas. Therefore, already a pressure on North American industries have emerged from the SAPs for production of different kinds of items like diapers, hygiene items, and agriculture inputs, which may have an adverse effect on the market prices and hence the prices for consumers and the market dynamics.

Specific data on superabsorbent polymer prices within the United States and Canada can also be provided.

Middle East and Africa Superabsorbent Polymer Price

The report explores the superabsorbent polymer pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

In addition to region-wise data, information on superabsorbent polymer prices for countries can also be provided.

Asia Pacific Superabsorbent Polymer Price

In the Asia Pacific region, the superabsorbent polymer prices dropped dramatically at the fourth quarter of 2023. This drop was the result of lowering its overall feedstock price, Acrylic Acid, in the market. The surplus of SAPs in the APAC region highlights the weak demand from core sectors even worse and leads to further price decrease. Though the region in Asia Pacific faces the economic issue such as trade tensions and supply chain interruption, the SAP market must still deal with the high level of inventory, presenting an obstruction for producers. The pricing dynamics express the fragile equilibrium between supply and demand that regulate regional energy sources. This is a result of both local factors and factors from the global market which are the feedstock prices and industry demand.

This analysis can be further extended to include detailed superabsorbent polymer prices for a comprehensive list of countries within the region.

Latin America Superabsorbent Polymer Price

The analysis of superabsorbent polymer prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.

This comprehensive review can be extended to include specific countries within the region.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of superabsorbent polymer pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
• The study examines factors affecting superabsorbent polymer price volatility, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights, ensuring they remain at the forefront of the superabsorbent polymer industry.