SEOUL-- July 12, 2022 -- As per latest industry analysis on superabsorbent polymers by Fact.MR, a market research and competitive intelligence provider, the worldwide SAP’s market is projected to be valued above USD 6 Bn in 2022, and further expand at a CAGR of 4.9% from 2022 to 2032.

Steady market growth can be attributed to the growing demand for superabsorbent polymers (SAP) for the production of hygiene and personal care products such as diapers and sanitary napkins.

Government regulations over the use of single-use plastic have hindered the procurement of petroleum-based raw materials. A similar trend is projected to continue over the decade, providing a positive outlook for manufacturers of non-petroleum-based or biodegradable SAP.

Feminine Hygiene Product Production Centres of Major Fmcg Companies In Asia Pacific Drives The Market

The Asia Pacific has been projected to be one of the most lucrative destinations for the sales of synthetic superabsorbent polymers. A rise in disposable income coupled with a sizeable increase in the number of families entering the middle-income bracket is poised to drive sales of superabsorbent polymers over the coming years in the region.

Additionally, major FMCG companies such as Kao Corporation, Kimberly Clark, and P&G have established their diaper and feminine hygiene product production centers in high-growth countries of China and India owing to rising demand for absorbent core products.

As such, East Asia and South Asia & Oceania are poised to provide high absolute dollar opportunities worth USD 830 Mn and USD 627 Mn, respectively, over the period of 2022-2032.

Key Takeaways from Market Study

· By type, petroleum-based superabsorbent polymers are projected to provide an absolute dollar opportunity worth USD 3.47 Bn over the forecast period of 2022-2032).
· Based on grade, demand for standard grade superabsorbent polymers is projected to increase at a high CAGR of around 5.1%.
· On the basis of application, superabsorbent polymer consumption for the production of hygiene and personal care products is anticipated to expand 1.6X by 2032.
· North America is predicted to capture around 25% share of the global superabsorbent polymers market by 2032.
· The market in Europe is expected to provide an absolute dollar opportunity worth USD 827 Mn by the end of 2032.

“Stringent environmental rules & regulations can be seen in developed economies such as the U.S. and U.K., which is poised to affect the sales of petroleum-based SAPs, thus providing a lucrative opportunity to market players who are into the production of non-petroleum-based SAPs,” says a Fact.MR analyst.

Winning Strategy

Manufacturers of superabsorbent polymers can be seen majorly carrying out successful acquisitions to gain a competitive advantage. Also, major market players have invested heavily into product development and R&D to enhance their product portfolios.

Moreover, CAPEX-intensive firms have started manufacturing bio-based or non-petroleum-based superabsorbent polymers keeping in mind stringent regulations, which is poised to hamper the procurement of non-petroleum based SAPs over the next decade.

More Valuable Insights on Offer

Fact.MR, in its new offering, presents an unbiased analysis of the superabsorbent polymers market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.

The study reveals essential insights on the basis of type (petroleum-based [sodium polyacrylate and polyacrylamide copolymer] and non-petroleum-based), grade (standard grade [virgin and reclaimed] medical grade, and food/agricultural grade), application (hygiene and personal care products [baby diapers, adult diapers), and feminine hygiene products {sanitary napkins, and under pads}], agriculture [drought resistance and nutrient and water preservation], medical [wound care {traditional wound care and advanced wound care], medical waste control, and others), and across six major regions of the world (North America, Latin America, Europe, East Asia, South Asia, Oceania, and MEA).

What makes Fact.MR report stand out from others?

· MR follows a six-point mechanism known as E.V.O.L.V.E. (Evaluate. Visualize. Overcome. Leverage. Verify. Eradicate.). The report is specially created to assess the COVID-19 impact on the Superabsorbent Polymers market. This mechanism focuses on almost all the factors in a definite manner to provide the best research report for the market stakeholders.
· Evaluate: A Fact.MR report evaluates every small aspect that can prove to be a growth generator for the Superabsorbent Polymers market, thus, making it different and special from other reports.
· Visualize: The authors involved in the research activities visualized the post-COVID-19 era so that the key stakeholders of market get an overview and helps them take certain steps to ensure continuous growth during the forecast period.
· Overcome: The report scrutinizes on points that can prove to be an Achilles heel to the Superabsorbent Polymers market and assists to create strategies to overcome the obstacles that may hinder the growth of the Superabsorbent Polymers market.
· Leverage: The Superabsorbent Polymers market can leverage certain aspects that can prove beneficial for the increase in growth rate. Fact.MR covers all the points on which the key stakeholders can leverage upon.
· Verify: Research is done systematically to assure validation of all the aspects covered in the report. All the points are rechecked and verified thoroughly to avoid flaws and fake information.
· Eradicate: Last but not the least, this aspect helps the key stakeholder eradicate all the obstacles that come between the growth rate and the Superabsorbent Polymers market.