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The global superabsorbent polymer (SAP) market is anticipated to grow at a steady rate and will post a CAGR of more than 5% during the forecast period. As per the market research information, the growing advantage of superabsorbent polymers (SAPs) in the agricultural sector will drive the growth prospects for the global SAP market in the forthcoming years. SAPs are increasingly used in various agricultural areas that witness low rainfall. Some of the major factors responsible for the growing popularity of SAPs in leading countries such as the US and China are its ability to increase the efficiency of water use, cater better water management, and enhance the crop yield. It has been observed that the water-holding capacity of the soil conditioned with SAPs is more efficient than the soil conditioned by traditional irrigation techniques. Also, beneficial properties of SAPs such as its hydrophilicity, irrigation efficiency, and biodegradability will drive its demand among end-users.
In terms of geography, North America accounted for the maximum market share during 2015 and will continue to dominate the market until the end of 2020. Since North America has been a major consumer in the baby diapers and sanitary napkins sector for a long time, the market is witnessing a growth in the region. One of the major factors responsible for the increasing adoption of SAP products in the region includes the growing focus of public on health care issues and awareness of the utility and benefits offered by sanitary napkins, adult incontinence products, and baby diapers.
The global SAP market witnesses a high competitive environment due to the presence of a large number of small and large vendors. These vendors have a huge geographical presence with production facilities located worldwide. In addition, the global vendors are increasingly focusing on the development of multi-regional relationships with their raw material suppliers by setting up newer facilities in emerging markets. Moreover, one of the top priorities of various vendors to sustain themselves in the market includes value proposition.
Key vendors in this market are -
Other prominent vendors in the market include Chemtex, Formosa, Plastics, Sumitomo Seika Chemicals, Kao, Multisorb Technologies, SONGWON, Yixing Danson Technology, and Zhejiang Satellite Petro Chemical.
The sodium polyacrylate segment accounted for the maximum market share during 2015 and will continue to dominate the market for the next few years. One of the major factors responsible for the growing popularity of sodium polyacrylate is its use in baby diapers and feminine hygienic products because of its non-toxic nature.
The baby diapers segment accounted for the maximum market share during 2015 and will continue to dominate the market in the forthcoming years. Some of the major factors responsible for the market segment’s growth are the growing infant population and reduction in infant mortality rates in the developing countries.
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PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by type
PART 07: Market segmentation by application
PART 08: Geographical segmentation
PART 09: Market drivers
PART 10: Impact of drivers
PART 11: Market challenges
PART 12: Impact of drivers and challenges
PART 13: Market trends
PART 14: Vendor landscape
PART 15: Key vendor analysis
PART 16: Appendix
PART 17: Explore Technavio
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