Global Super Absorbent Polymer Market is projected to Reflect CAGR of 3.9% during the forecast period 2016-2020

Super Absorbent Polymers Market
Super Absorbent Polymers Market

During a four-year forecast period 2016-2020, the global market for super absorbent polymer will expand at a CAGR of 3.9%, reaching a value of over US$ 9.0 Bn by the end of 2020. The global consumption of SAP may witness a slight increase from 4.4 Mn Tons estimated for 2016 to 2.9 Mn Tons by the end of 2020.

PMR forecasts sluggish growth for the global super absorbent polymer market during the next four years. The global SAP market will witness passive expansion at a CAGR of 3.9% during the forecast period 2016-2020.

By application, the global market for super absorbent polymer is largely concentrated in three key end-use industries viz. disposable diapers, adult incontinence products, and female hygiene products. Disposable diapers segment will remain the largest consumer of super absorbent polymer with a value of around US$ 5.81 Bn in 2016 and over 74% revenue share by 2020 end.

Geographically, Asia Pacific (excluding Japan) is identified to remain the most lucrative region, followed by Europe and North America. Demand for super absorbent polymers in North America will be led by the U.S. The macroeconomic drivers, such as rising awareness about the usage of SAP-based products for maintaining personal care and hygiene, and increased purchasing power of consumers in developing countries, will strongly favor the consumption of super absorbent polymer in APEJ. This region is likely to account for over 36% market share, whereas Europe will contribute over 28% share to the market by 2020 end.

BASF SE, Nippon Shokubai Co. Ltd., and Evonik Industries are the most prominent market players. Nippon Shokubai Co. Ltd. continues to be a leading company in the super absorbent polymer market. Leading manufacturers are focusing more on amplifying SAP production capacities, and R&D of innovative products.

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