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Global Super Absorbent Polymer Market Poised
To Cross US$12 bln By 2025
The global super absorbent polymer market size is
poised to reach US$12.13 bln by 2025, according to a new study by Grand View
Research, Inc., posting a CAGR of 6.2% during the forecast period. Growing
demand from various application sectors such as baby diapers, adult incontinence
products, agriculture, and female hygiene products is expected to drive the
market during the forecast period. Super absorbent polymer is a key component of
baby diapers. SAPs are used to absorb and retain fluids under moderately high
pressure.
In terms of revenue, Europe dominated the global
super absorbent polymer market. It is anticipated to expand at a CAGR of 6.1%
during the forecast period. Baby diapers were the largest application segment in
the market in 2017 and are projected to maintain their dominance through 2025.
Agriculture is poised to be the most promising application segment, rising at a
CAGR of 7.3% over the forecast period. The growth of the segment can be
attributed to ongoing extensive research conducted by governments and
agricultural agencies in countries such as the U.S., China, and India to pave
way for novel applications of super absorbent polymers.
Asia Pacific is likely to exhibit the fastest CAGR
of 7.2% during the forecast period. Increasing demand from various application
segments in the region, particularly in China and India, is projected to
supplement the growth of the market. Emerging regions such as Asia Pacific and
Central & South America are likely to witness a sharp rise in the demand for
baby diapers owing to growing population, rising disposable income, and
increasing awareness regarding benefits of synthetic baby diapers, which are
estimated to play a key role in the development of the overall market.
Factors such as constantly developing medical
infrastructure, technological advancements, and growing accessibility to medical
treatments have resulted in an increase in life expectancy rates. Growing life
expectancy is expected to further supplement the growth of the adult
incontinence product market and, in turn, boost the growth of the SAP market.
Super absorbent polymers find application in the agriculture industry owing to
their water retention and water absorbing properties, which makes them perfectly
suitable for agricultural applications, particularly in water-scarce regions.
These super absorbent polymers increase crop yield and water use efficiency.
http://www.plastemart.com/news-plastics-information/globalsuper-absorbent-polymer-market-poised-to-cross-us$12-blnby-2025/51886
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