Overview:

The global specialty absorbent polymer market is valued for more than US$ XXX.X Mn in 2019 and expected to reach a value of US$ XXX.X Mn by 2029 with a significant CAGR of around XX.X% over the forecast period of 2019-2029. Super absorbent polymers (SAPs) can be synthetic or natural in nature, depending on their composition and the availability of ingredients. These polymers have superlative absorption properties and a cross-linked polymer structure that avoids dissolution.

Super absorbent polymers are used mainly in disposable personal care goods as these polymers can absorb liquids up to 100 times their own weight. Hence are used in products such as kid’s diapers, incontinence, nappies, and others where high absorption characteristics are required.

Market Dynamics:

Specialty absorbent polymer has wide applications in personal hygiene products. Increasing awareness about personal hygiene and its health benefits is a key factor driving growth of the global specialty absorbent polymer market. The growing preference for SAP based products such as diapers and sanitary napkins is another key factor supporting growth of the target market.

In addition, growing consumer base, rising availability of end products on E-commerce platform, growing disposable income, and rising healthcare expenditure are some other factors resulting in growth of the target market.

Moreover, growing use of SAP in agriculture sector is another key factor propelling growth of the target market. The SAP have good water absorption and release capacity hence are used in agriculture sector to improve soil moisture and thereby lowering the irrigation cycle.

However, volatility in the supply chain of raw material and on-going political issues are some key factors hampering growth of the global market to a certain extent.

Key Trends:

Rising focus on production capacity enhancement among key companies is a key trend driving growth of the global specialty absorbent polymer market. For instance, in December 2017, LG Chem Ltd has invested around US$ 278.32 Mn for expansion of its SAP production capacity. Also, rising strategic tie-ups and partnerships among key players for technological advancements and developments is another key trend witnessed in the global market. For example, in September 2019, LG Chem Ltd. and Archer Daniels Midland Company has announced a joint development agreement for development of bio based acrylic acid, which is a foundational element for special absorbent polymers.

Regional Analysis:

For detailed understanding of market dynamics, the global Specialty Absorbent Polymer market is analyzed across key regions viz. North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Currently Asia Pacific holds major market share in the global market owing to wide availability of raw material in countries in the region. In addition, strong presence of end product manufacturers such as hygiene product and personal care product manufacturers and low labor cost and manufacturing cost, and high consumer base in countries such as China and India are some other factors supporting market growth in the region.

The North America and Europe are expected to hold significant revenue share in the global market. High awareness about personal hygiene, high disposable income of individuals in these regions, and rising use of SAP in agriculture sector in countries in the regions are some key factors driving growth of the North America and Europe specialty absorbent polymer market.

Scope of the Report:

Detailed Segmentation:

Global Specialty Absorbent Polymer Market, By Type:

• Sodium Polyacrylate
• Polyacrylate/Polyacrylamide Copolymer
• Ethylene Maleic Anhydride Copolymer
• Polysaccharides
• Others

Global Specialty Absorbent Polymer Market, By Grade:

• Agricultural Grade
• Industrial Grade
• Hygiene Grade

Global Specialty Absorbent Polymer Market, By Manufacturing Process:

• Suspension Polymerization
• Solution Polymerization
• Gel Polymerization

Global Specialty Absorbent Polymer Market, By Application:

• Personal Hygiene
• Agriculture
• Medical
• Industrial
• Other Applications

Key Players Covered:

Key players operating in the global specialty absorbent polymer market include, Evonik Industries AG, BASF SE, Kao Corporation, LG Chem Ltd., Sumitomo Seika Chemicals Co., Ltd., Sanyo Chemical Industries, Ltd., Nippon Shokubai Co., Ltd., Yixing Danson Technology, Xitao Polymer Co., Ltd., and Zhejiang Satellite Petrochemical Co., Ltd.

Key Features of the Study:

Foresight Market Research provides detailed analysis on global market in our report- Global Specialty Absorbent Polymer Market by type, grade, manufacturing process, application, and region. The report provides market size (US$ Mn) and compounded annual growth rate (%) for the forecast period: 2019 – 2029, considering 2018 as the actual year. The report also contains in-depth analysis about market drivers, restraints, opportunities, new product launches, product approval, ongoing trends, and regional outlook. The report delivers competitive analysis about leading players in the global specialty absorbent polymer market based on various parameters such as company overview, product portfolio, regional presence, financial performance, distribution strategies, key developments, marketing strategies, and future plans. The analysis from the report would acquaint the marketers and management authorities of companies to make the appropriate decision with respect to their future product launch, market expansion, and marketing tactics used overall the globe.