Superabsorbent Polymers Market is expected to reach
US$ 11.18 Bn by 2022
According to a
new market report published by Credence Research, “Superabsorbent Polymers
Market - Growth, Share, Opportunities, Competitive Analysis, and Forecast 2015
- 2022,” superabsorbent polymers market was valued at US$ 7.31 Bn in 2015, and
is expected to reach US$ 11.18 Bn by 2022, expanding at a CAGR of 6.3% from
2016 to 2022.
Browse the full Superabsorbent Polymers Market (Sodium
Polyacrylate and Polyacrylamide Copolymers) for General (Baby Diapers, Feminine
Hygiene Products and Adult Incontinence Products), Medical (Traditional and
Advanced Wound Care) and Other Applications- Growth, Share, Opportunities,
Competitive Analysis, and Forecast 2015 – 2022 report at http://www.credenceresearch.com/report/superabsorbent-polymers-market
Market Insights
Superabsorbent
polymers are the polymers which can retain water and aqueous solution of almost
800 times of its own weight. These polymers are granule which look similar to
table salt yet possess high absorbing capacity. Superabsorbent Polymers are
produced from acrylic acid through various polymerization techniques. The
disposable hygiene products and medical industry are the major industries
driving the growth of superabsorbent polymers in the market. Superabsorbent
polymers are widely used in the manufacture of baby diapers, feminine hygiene
products and adult incontinence products among others. Growing population has
led to increasing in birth rates which has therefore contributed to rise in
usage of baby diapers. This has led to high demand for baby diapers in the
market. Therefore, baby diapers are expected to boost market demand for
superabsorbent polymers on a large scale on a regional level.
Growing
hygiene awareness among the population in the developing and developed
economies is driving the growth of global superabsorbent polymers market. High
demand from the disposable hygiene product sector is another factor
contributing to the growth of global superabsorbent polymers market. The high
water absorption and retention capacity of superabsorbent polymers has led to
high demand from the diaper industry. Superabsorbent polymers are added as a
absorbent layer at the core of the diaper which helps absorb liquid which then converts
into gel. This prevents the baby from rashes which is the major concern of
people. These factors have collectively led to increasing demand for baby
diaper in the market which in turn has led to high demand for superabsorbent
polymers from the disposable hygiene products industry.
Competitive Insights:
General
application segment accounted for larger share of global superabsorbent
polymers market in 2015. General applications consist of end-use applications
such as baby diapers, feminine hygiene products and adult incontinence
products. Among the mentioned, baby diapers segment accounted for larger share
of more than 70% of the global superabsorbent polymers market in 2015 and is
anticipated to retain its market position in the near future. Other Feminine
hygiene products segment is expected to follow growth pattern of baby diapers
sector due to increasing hygiene awareness among the population. Adult
Incontinence products is projected to experience steady demand in developing
countries but expected to gain high demand from the developed countries during
the forecast period from 2016 to 2022.
For More
Reports Related to This Category @ http://www.credenceresearch.com/industry/chemicals-market
Medical sector
has also contributed on a large scale to the growth of superabsorbent polymers
market. Superabsorbent polymers are used in the manufacture of wound care
products. Hence, superabsorbent polymers are used in manufacturing both
traditional and advanced wound care products. With the advent of technology and
research & development, superabsorbent polymers have been used in
manufacturing advanced wound care products as it absorbs liquids and exudates
leaving the wound dry and aids quick healing. Hence, advanced wound care
accounted for larger share than traditional wound care sector and is
anticipated to experience high demand in the near future. Other applications
such as agriculture and water treatment industry are also projected to spur
demand for superabsorbent polymers during the forecast period from 2016 to
2022.
Key players
dominate the global superabsorbent polymers market making the entry of new
players difficult. These companies have
already established its position in the market because of high demand for
superabsorbent polymers from various industries worldwide. Hence, small and new
players have to struggle to establish itself in this competitive market.
Companies engaged in agricultural activities have high growth opportunities in
superabsorbent polymers market.
Key Trends:
Advanced wound
care products
Growing hygiene
awareness
High water
absorbing capacity
Various
industrial applications
About Us:
Credence
Research is a worldwide market research and counseling firm that serves driving
organizations, governments, non legislative associations, and not-for-benefits.
We offer our customers some assistance with making enduring enhancements to
their execution and understand their most imperative objectives. Over almost a
century, we’ve manufactured a firm extraordinarily prepared to this task.
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