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Superabsorbent Polymer Market Share

Report ID: GMI2879
Published Date: Nov 2024
Report Format: PDF

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Superabsorbent Polymer Market Share

Companies include, BASF SE is a leader in the SAP market, known for its innovative and high-performance polymers that enhance absorbency and biodegradability in products like baby diapers and adult incontinence items. Evonik focuses on specialty SAPs, utilizing advanced technologies to improve product efficiency and sustainability. LG Chem has made significant strides in producing environmentally friendly SAPs, aligning with global sustainability trends while addressing the growing demand in hygiene and agricultural applications. Nippon Shokubai is recognized for its extensive expertise in SAP formulation, providing customized solutions for various industries, particularly in medical and agricultural fields. San-Dia Polymers has gained attention for its cost-effective and high-quality SAPs, catering to diverse applications including personal care and hygiene products.

Superabsorbent Polymer Market Companies

Major players operating in the superabsorbent polymer (SAP) industry are:

BASF SE
Evonik
Formosa Plastics
LG Chem
Nippon Shokubai
San-Dia Polymers
Sanyo Chemicals Industries
Sumitomo Chemicals
Yixing Denson Technology
Zhejiang Satellite

Authors: Kiran Pulidindi, Manish Verma

Frequently Asked Questions (FAQ) :

The global market size for superabsorbent polymer was valued at USD 8.4 billion in 2023 and is expected to reach USD 13.4 billion by 2032, driven by a CAGR of over 5.8% from 2024 to 2032.

The baby diapers segment held a 69.8% market share in 2023, amounting to USD 5.8 billion, and is projected to grow at a 5.6% CAGR from 2024 to 2032, due to rising birth rates and increased hygiene awareness.

The U.S. market is projected to achieve USD 2.1 billion by 2032, driven by a CAGR of 5.1% from 2024 to 2032, fueled by rising demand in the hygiene and medical sectors.

Major players in the industry include BASF SE, Evonik, Formosa Plastics, LG Chem, Nippon Shokubai, San-Dia Polymers, Sanyo Chemical Industries, Sumitomo Chemicals, Yixing Denson Technology, and Zhejiang Satellite.