China expected to drive growth in super absorbent polymers market
It is projected to account for 76% of East Asia market share by 2033.
The global super absorbent polymers market is expected to experience a steady compound annual growth rate (CAGR) of 5% and rise to a valuation of $16.5b by 2033, according to a report by Future Market Insights.
The rising awareness of personal hygiene, growing demand for tissues, diapers, and sanitary products, and the expansion of the use of super absorbent polymers across end-user industries, such as healthcare, agriculture, and construction, are the key factors driving the demand for super absorbent polymers.
China is anticipated to be the most promising market for super absorbent polymers, with a predicted market share of over 76% in East Asia through 2033. The study shows that China's high demand for hygiene goods is due to its growing population and rising disposable income, which both lead to an increase in personal and hygiene care spending. Furthermore, more than one-tenth of the world's baby population is in China, leading to a rising response to the increasing usage of adult incontinence products.
Meanwhile, the Indian market is predicted to grow at a CAGR of nearly 5.8% over the forecast period due to its country's strong economic development, vast population, and high birth rate. Investments in super absorbent polymers and related goods are rising as consumers become more aware of feminine hygiene and baby care products.
Japan is expected to account for over 16% of absorbent polymer sales within East Asia by 2023. It was in Japan that the first superabsorbent polymer was created, resulting in rapid adoption. The geriatric population in Japan is more vulnerable to various diseases causing urinary incontinence, and as a result, the market has seen considerable growth in demand.
Manufacturers in the market are advancing the iodine transfer polymerization process to improve gel strength and absorption properties of super absorbent polymers. ITP-produced AA-based superabsorbent polymers are gaining popularity due to their exceptional absorption capabilities, which are crucial to the diaper business. Businesses are improving their reputation by developing biomass-balanced superabsorbent polymers.
