Global demand for super absorbent
polymers (SAP) is set to reach 2.37 Mn tonnes by 2016, up from 2.1 Mn
tonnes in 2014. Nippon Shokubai Co. Ltd., BASF SE, and Evonik
Industries are the dominant players in the global super
absorbent polymer market, with Nippon Shokubai Co. Ltd. holding
the largest revenue share in 2014. These findings are according to a
research report, titled, “Super Absorbent Polymer Market: Global
Industry Analysis and Opportunity Assessment 2015-2020” by market
research firm Future Market Insights (FMI).
Key stakeholders in the super absorbent
polymer market are bolstering their research and development
capabilities to launch innovative products in the market. For
example, in November 2014, Sumitomo Seika launched Aqua Keep HP, a
high-function SAP for making thin baby- and adult-diapers. BASE SE
also made an announcement in November 2014 that it will invest nearly
US$ 550 Mn in pioneering superabsorbent technology. Other key players
including Evonik Industries and Nippon Shokubai are focusing on
increasing SAP production.
Majority of the global demand for super
absorbent polymers is concentrated in three industries – disposable
diapers, adult incontinence products, and female hygiene products.
Disposable diapers is the largest end-use
application segment for super absorbent polymers, accounting for
nearly one-thirds of overall demand. FMI estimates demand from
disposable diapers industry to reach 1.79 Mn tonnes in 2016, up from
1.59 Mn tonnes in 2014. In terms of revenues, disposable diapers
segment is expected to account for US$ 5.81 Bn in 2016.
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Sodium polyacrylate-based super absorbent
polymers are preferred over poly acrylamide, ethylene-maleic
anhydride, and polyvinyl alcohol co-polymers. Of the total 2.24 Mn
tonnes of super absorbent polymers consumed in 2015, sodium
polyacrylate co-polymers accounted for 1.45 Mn tonnes. FMI expects
demand for poly acrylamide co-polymers to witness an increase in the
future owing to their high water retention and non-toxic properties.
Demand for super absorbent polymers was
highest in Asia Pacific excluding Japan (APEJ), followed by Europe
and North America.
Demand for super absorbent polymers in
APEJ is anticipated to reach 705 Mn tonnes by 2016, up from 666 Mn
tonnes in 2015. Rising awareness levels and increase in purchasing
power are the macro-economic factors driving the super absorbent
polymers market in APEJ.
Demand for super absorbent polymers in
Europe -- the second largest market for super absorbent polymers
globally – is expected to reach 645 Mn tonnes in 2016. By 2020, the
Europe super absorbent polymer market is anticipated to reach US$ 2.6
Bn in revenues.
The North America super absorbent
polymers market was valued at 493.6 Mn tonnes in terms of volume in
2015. FMI estimates this to increase to 518 Mn tonnes by 2016. Demand
for disposable diapers and other incontinence products has remained
constant in North America in the past, owing to which demand for
super absorbent polymers is expected to grow at a steady rate. By
2020, demand for super absorbent polymers is expected to reach 612 Mn
tonnes in North America.
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