Super Absorbent Polymer Market Revenue Is Likely to Be Valued at over Usd 11 Billion by 2023

Global super absorbent polymer market size was estimated at 2.07 million tons in 2014 and is likely to exceed 3.1 million tons by 2023 growing with an expected CAGR of over 5.5%. Super absorbent polymer market revenue is likely to be valued at over USD 11 billion by 2023.

Baby diaper was the leading application and accounted for more than 70% of total consumption in 2014. Agricultural applications are likely to witness highest gains with an estimated CAGR of over 5.8% by 2023 owing to superior water retention properties required for crops in rainfall/water scarce area.

Europe was the dominant region and accounted for more than 30% of SAP demand in 2014. Asia Pacific is likely to witness highest growth rates over the forecast period owing to populations expansion coupled with growing hygiene awareness among consumers.

Increasing baby diapers demand owing to growth in population and consumer awareness towards infant’s hygiene is likely to drive super absorbent polymer market growth. Global baby diapers market size is likely to exceed USD 55 billion by 2020.

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Companies focusing on manufacturing baby diapers focus on product thinness to ensure optimal comfort and minimizing environmental impact. To achieve this, companies are procuring SAP with highly absorbent cores and also reducing the weight of bulkier materials such as fluff pulp. Thinner baby diaper products are gaining considerable importance in key markets of North America and Europe. Thinner products also attribute lower freight costs ensuring manufacturers to stay competitive in the global market.

Increase in geriatric population particularly in Japan, Germany and the U.S. is likely to drive SAP market demand for incontinence products. Other major application areas include construction, wastewater management, oil & gas and packaging. They are also used in manufacturing medical...