New York, USA, Sept. 12, 2024 (GLOBE NEWSWIRE) -- Market Overview:
Specialty Super Absorbent Polymer Market:
The global specialty super absorbent polymer market size was valued at USD 1,354.79 million in 2023. The market is projected to grow from USD 1,439.02 million in 2024 to USD 2,351.17 million by 2032, exhibiting a CAGR of 6.3% during the forecast period of 2024 - 2032.
Market Introduction:
What is Specialty Super Absorbent Polymer?
Specialty super absorbent polymers (SAPs) are materials that have water-absorbing and water-retaining properties, making them invaluable in agriculture, construction, and other high-performance applications. In the agriculture sector, SAPs are used to improve drought tolerance and soil and crop protection. These polymers can typically absorb up to 500 times their weight in water.
SAPs are highly cross-linked and, in deionized and distilled water, release only a small amount of water, even under pressure. They can be used in disposable diapers, industrial dewatering agents, the cable industry, the food industry, and the green industry.
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Market Report Attributes:
| Report Attributes | Details |
| Market value in 2023 | USD 1,354.79 million |
| Market value by 2032 | USD 2,351.17 million |
| CAGR | 6.3% from 2024 to 2032 |
| Base year | 2023 |
| Historical data | 2019–2022 |
| Forecast period | 2024–2032 |
Key Highlights of Report:
- The specialty super absorbent polymer market growth is significantly driven by factors including product launches by key players, investments in increasing production capacities, and adoption of innovative materials in the packaging industry.
- The market is primarily segmented on the basis of type, material, end-use industry, and region.
- Based on region, North America held the largest market share in 2023.
Specialty Super Absorbent Polymer Market Key Players:
- ACURO ORGANICS LIMITED
- BASF SE
- Chase Corporation
- Chemtex Speciality Limited
- CHINAFLOC
- Formosa Plastics Corporation
- Garg Chemical Company
- LG Chem
- Nagase & Co., Ltd.
- NIPPON SHOKUBAI CO., LTD.
- Qingdao SOCO New Material Co., Ltd.
- SANYO CHEMICAL INDUSTRIES, LTD.
- Shandong Haoyue New Materials Co., Ltd.
- SNF
- SONGWON
- SUMITOMO SEIKA CHEMICALS CO., LTD.
- Yixing Danson Technology
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Growth Drivers and Trends:
Investments by Key Players: Strategic investments are allowing major players to enhance their market presence by expanding and increasing production capacities, which in turn is driving the specialty super absorbent polymer market growth.
Growing Packaging Industry: There is a high demand for specialty super absorbent polymers in the packaging industry due to their ability to absorb and retain liquids, such as moisture or fluids generated by perishable goods. Thus, the rising growth of the packaging industry fuels the market expansion.
Product launches: Key market players are continuously introducing specialty super absorbent polymers with advanced features. For instance, in July 2024, ZymoChem launched BAYSE, a sustainable superabsorbent polymer that serves as an alternative to traditional polymers made from fossil fuels. These types of innovations encourage a competitive landscape among manufacturers and promote continuous technological improvement, thereby propelling market CAGR for specialty super absorbent polymer.
Which Region Dominates Specialty Super Absorbent Polymer Market Globally?
The market held the largest revenue share in North America owing to the growing Medicare sector. The increasing demand for advanced medical products for wound care and controlled drug delivery systems has led to the adoption of specialty super absorbent polymers due to their exceptional absorbency and fluid management capabilities. Consequently, the growth of Medicare services in the region is boosting its prominence in the market.
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Segmental Outlook:
Specialty Super Absorbent Polymer Marlet – Type-Based Outlook:
- Encapsulating SAPs
- Flame-Retardant SAPs
- High Absorbency SAPs
- Hydrophobic SAPs
- Others
Specialty Super Absorbent Polymer Marlet – Material-Based Outlook:
- Bio-Based SAPs
- Polyacrylate/Polyacrylamide Copolymer
- Sodium Polyacrylate
- Others
Specialty Super Absorbent Polymer Marlet – End-Use Industry-Based Outlook:
- Agriculture & Horticulture
- Construction
- Industrial
- Packaging
- Others
Specialty Super Absorbent Polymer Marlet – Regional Outlook:
- North America
- US
- Canada
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Netherlands
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Malaysia
- South Korea
- Indonesia
- Australia
- Rest of Asia Pacific
- Middle East & Africa
- Saudi Arabia
- UAE
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Mexico
- Brazil
- Argentina
- Rest of Latin America
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