Super absorbent polymers (SAP) Growth Accelerated by Rising Disposable Incomes

 

Super absorbent polymers, also known as hydrogels, are artificially cross-linked polymer networks capable of absorbing and retaining significant amounts of water and aqueous fluids. They help keep consumers dry by absorbing moisture in baby diapers, adult incontinence pads and female hygiene products. With rising middle class segments and disposable incomes in emerging economies like India and China, demand for such personal care products is growing steadily. The global Super absorbent polymers Market is estimated to be valued at US$ 9.2 billion in 2023 and is expected to exhibit a CAGR of 6.0% over the forecast period 2024, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

The growing demand for super absorbent polymers is primarily driven by the rising disposable income of the expanding middle class worldwide which is enabling greater access to personal hygiene products. Baby diapers remain a major end-use industry for superabsorbent polymer products given the growth in birth rates across developing regions of Asia Pacific and Africa. Moreover, modern lifestyles with hectic schedules are prompting consumers to opt for more convenient absorbent articles instead of cloth alternatives, further propelling the sales of superabsorbent polymer based end products especially in urban areas. The market is anticipated to continue gaining from positive socio-economic trends across emerging economies over the forecast period.

Segment Analysis

The global super absorbent polymers market is dominated by the baby diapers sub-segment. This sub-segment accounts for over 50% of the total market share as super absorbent polymers are the primary raw materials used in the manufacturing of baby and adult diapers. The use of super absorbent polymers allows diapers to absorb large amounts of aqueous fluids, keeping the wearer dry. This is the key reason for the dominance of this sub-segment in the global market.

Key Takeaways

The global super absorbent polymers market is expected to witness high growth over the forecast period 2024 to 2028.

Regional analysis: The Asia Pacific region currently dominates the super absorbent polymers market and is expected to maintain its dominance during the forecast period. This can be attributed to high usage of baby diapers in populous countries like China and India. Countries in this region are witnessing changing lifestyles and rising disposable incomes which is leading to increased demand for super absorbent polymers.

Key players operating in the super absorbent polymers market are BASF SE, Nippon Shokubai Co. Ltd., Evonik Industries, Sumitomo Seika Chemicals Co. Ltd., LG Chem Ltd.. BASF SE is one of the leading producers of super absorbent polymers globally. The company offers a wide range of super absorbent polymer products under its Acqua line for various applications including baby diapers and adult incontinence products.

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