The super absorbent polymers market is expected to grow at a CAGR of 6.3% to reach USD 13.2 billion by 2030 from USD 8.7 billion in 2023. The market growth is driven by various factors, including the significant demand from healthcare industry.
The key global players in the super absorbent polymers market, such as Nippon Shokubai (Japan), BASF (Germany), Evonik Industries (Germany), Sumitomo Seika (Japan), LG Chem (South Korea), Chase Corporation (US), Formosa Plastic Corporation (Taiwan), Kao Corporation (Japan), Satellite Science & Technology Co., Ltd. (China), SDP Global (Japan), Yixing Danson Technology (China) have a strong foothold in their respective regions and are exploring geographic diversification options to expand their businesses. They are focusing on increasing their market shares through new product launches and expansions.
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Nippon Shokubai is one of the leading global chemical manufacturers of materials and solutions. The company offers super absorbent polymers, acrylic acid, process catalyst, unsaturated polyester resins, maleic anhydride, benzonitrile, ethylene oxide, and specialty methacrylate. It operates in three business segments, namely, basic chemicals, functional chemicals, and environment & catalysts. The company offers super absorbent polymers under functional chemicals business segment. The company has operations in Asia, Europe, and North America and manufacturing facilities in Japan, Taiwan, Singapore, China, Korea, Belgium, and the US.
BASF is one of the leading companies in the super absorbent polymers market, globally. The company operates through six business segments, namely, chemicals, materials, industrial solutions, surface technologies, nutrition & care, agricultural solutions, and others. It offers super absorbent polymers through its chemicals business segment. The company’s super absorbent polymers are used in incontinence products, baby diapers, and feminine hygiene products. BASF is developing super absorbent polymers with innovative properties, enabling its customers to design new generations of diapers and hygiene products. With the company’s global production footprint and state-of-the-art research & technical service facilities, BASF is one of the leading players in the global hygiene industry. The company has operations in Asia Pacific, Americas, Europe, and the Middle East & Africa.
Super Absorbent Polymers Market by Type (Sodium Polyacrylate, Polyacrylate/Polyacrylamide Copolymer, Bio-Based Sap), Application (Personal Hygiene, Agriculture, Medical, Industrial), And Region - Global Forecast to 2030
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