DUBLIN--(BUSINESS WIRE)--The "Global Superabsorbent Polymers Market - Segmented by Product Type, Application, and Region - Growth, Trends and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
The global superabsorbent polymer market is expected to register a CAGR of 7.92% during the forecast period, 2018-2023.
Superabsorbent polymers are majorly used in manufacturing baby diapers. The baby diaper segment consumes nearly 72% of the total superabsorbent polymer production. Growing infant population in emerging countries like Morocco, India is due to high fertility rates and lack of education.
Based on product type, polyacrylamide is the dominant market accounting to 25% and is expected to be the fastest growing segment due to its nontoxic nature and high water absorbing and retaining property. In addition, the growing food & beverage industry, especially convenience foods, is also expected to drive the polyacrylamide market, as it used as food additive. In India, the sale of convenience products have been increasing among working class people, teenage children, people living in hostels, and bachelors in response to low cost and easy availability.
North America is the largest market, however, Asia-Pacific is expected to witness a increase during the forecast period, because of growing adoption of female hygiene products in these countries like India, China, etc. According to the BCH, the market penetration rate for sanitary products has increased by 18% from 2014. This increasing market penetration of hygiene products is expected to increase awareness among women and children in Asia-Pacific countries thereby drive the market during the forecast period.
- Archer Daniels Midland Company
- BASF SE
- Chemtex Specialty Limited
- Evonik Industries AG
- Gel Frost Packs
- Kao Corporation
- LG Chem
- Nan Ya Plastics Corporation
- Nippon Shokubai Co. Ltd
- SDP Global Co. Ltd
- Songwon Industrial Co. Ltd
- Sumitomo Seika Chemicals Co. Ltd.
- Wanhua Chemical Group Co. Ltd.
- Yixing Danson Technology
Key Topics Covered:
2. Executive Summary
3. Market Insights
4. Market Dynamics
5. Market Segmentation and Analysis
6. Regional Market Analysis
7. Competitive Landscape
8. Company Profiles
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