Specialty Super Absorbent Polymer Market, By Type, By Material, By End-User, By Country, and By Region - Industry Analysis, Market Size, Market Share & Forecast from 2024-2032
Specialty Super Absorbent Polymer Market was valued at USD 1,320.90 million in 2023, expanding at a CAGR of 6.90% from 2024 to 2032.
Specialty Super Absorbent Polymers (SAPs) have a high capacity for absorbing large amounts of liquid about their weight. They also exhibit strong water retention even under conditions of heat and pressure. Additionally, they demonstrate good stability when exposed to light, heat, acid, and alkali, and are biodegradable. These polymers can be tailored for specific uses by adjusting their absorption capacity, release rate, and other characteristics. The demand for specialty SAPs is on the rise in healthcare, agriculture, and personal care industries, leading to a growing market.
Specialty Super Absorbent Polymer Market- Market Dynamics
Growing Demand for Hygiene Products and Rising Awareness and Accessibility are expected to drive the growth of the market
The increasing focus on personal hygiene and the aging population has created a growing demand for highly efficient absorbent materials in diapers and adult incontinence products. Superabsorbent polymers (SAPs) play a crucial role due to their exceptional absorbency and moisture retention properties. A significant 73% of Americans prioritize personal hygiene, highlighting the importance of SAPs in hygiene products. With more consumers recognizing the advantages of SAPs and improved access to such products worldwide, the market for top-quality absorbent polymers is projected to expand. Additionally, the rising emphasis on sustainable agricultural practices and water management solutions is broadening the applications of SAPs. Nevertheless, environmental concerns could potentially hinder the market's growth.
Specialty Super Absorbent Polymer Market- Key Insights
As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 6.90% over the forecast period (2024-2032)
Based on Material segmentation, Sodium Polyacrylate was predicted to show maximum market share in the year 2023
Based on End-User segmentation, Agriculture was the leading type in 2023
Based on region, Asia Pacific was the leading revenue generator in 2023
Specialty Super Absorbent Polymer Market- Segmentation Analysis:
The Global Specialty Super Absorbent Polymer Market is segmented based on Type, Material, End-User, and Region.
The market is segmented into four groups according to Type: High Absorbency SAPs, Encapsulating SAPs, Hydrophobic SAPs, Flame-Retardant SAPs, and Other varieties of SAPs, each designed for specific uses and performance attributes.
The market is segmented into three groups according to Material: Sodium Polyacrylate, Polyacrylate/Polyacrylamide Copolymer, Bio-Based SAPs, and Others. Sodium Polyacrylate is the leading material in the market. It is widely recognized for its exceptional water absorption and retention capabilities, making it one of the most commonly used super absorbent polymers. Its significance is evident in a variety of industries, particularly in the production of personal care and hygiene products.
The market is segmented into four sectors according to End-User: Agriculture and Horticulture, Industrial, Construction, Packaging, and Other. Agriculture holds the largest share of the market. Specialty Super Absorbent Polymers (SAPs) are widely utilized in the agricultural industry for their capacity to retain water and nutrients, thereby improving soil fertility and increasing crop productivity.
Specialty Super Absorbent Polymer Market - Geographical Insights
Geographically, this market spans across North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. These regions are further segmented by countries contributing to business activities. The Asia Pacific region stands out as the market leader, driven by the increasing utilization of SAPs in the industrial and medical sectors. The region's rapidly expanding industrial landscape, encompassing agriculture and manufacturing, is fueling the demand for SAPs. These substances are utilized in soil conditioning and various industrial processes, thereby boosting their adoption. China's healthcare market has experienced significant growth, with a double-digit increase in the past decade. In 2021, the total revenue for the healthcare sector was estimated to be approximately RMB 10 trillion (equivalent to USD 1.5 trillion), as per research conducted by investment bank CEC Capital. North America holds the second-largest share in market growth, attributed to the rise in disposable incomes and enhancement of living standards in emerging economies.
Specialty Super Absorbent Polymer Market- Competitive Landscape:
The specialty super absorbent polymer (SAP) market is characterized by intense competition among major players, driven by demand in various industries such as hygiene products, agriculture, and medical applications. These companies compete for market dominance through innovation, efficiency, cost-effectiveness, and customer satisfaction. The competitive landscape is significantly impacted by the evolution of polymer technology, strategic alliances, and acquisitions. Manufacturers are heavily investing in research and development to produce new SAP varieties that offer superior absorbency, faster absorption rates, and enhanced functionality for specific applications.
Recent Developments:
On March 4, 2024, Evonik finalized the sale of its superabsorbents business to the International Chemical Investors Group (ICIG). An agreement has been formally executed, with employees at the company's German locations being the initial recipients of this news earlier today. The acquisition cost (enterprise value) falls within the low triple-digit million euro bracket.
Chase Corporation, a prominent worldwide producer of protective materials for high-reliability applications in various market sectors, has officially declared its acquisition of NuCera Solutions from SK Capital, a private equity firm based in New York. NuCera is a well-known global expert in manufacturing and advancing specialized polymers and polymerization technologies for challenging applications, providing essential products that enhance end-product functionality, performance, and reliability.
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
GLOBAL SPECIALTY SUPER ABSORBENT POLYMER MARKET KEY PLAYERS- DETAILED COMPETITIVE INSIGHTS
Evonik
Sumitomo Seika Europe
Nippon Shokubai Europe
LG Chem
SONGWON Industrial Group
Chase Corporation
Formosa Plastics Corporation, U.S.A.
SDP Global
SNF
YIXING DANSON SCIENCE AND TECHNOLOGY CO LTD
Acura Organics Limited Ltd.
Others
GLOBAL SPECIALTY SUPER ABSORBENT POLYMER MARKET, BY TYPE- MARKET ANALYSIS, 2019 - 2032
High Absorbency SAPs
Encapsulating SAPs
Hydrophobic SAPs
Flame-Retardant SAPs
Other
GLOBAL SPECIALTY SUPER ABSORBENT POLYMER MARKET, BY MATERIAL- MARKET ANALYSIS, 2019 - 2032
Sodium Polyacrylate
Polyacrylate/Polyacrylamide Copolymer
Bio-Based SAPs
Other
GLOBAL SPECIALTY SUPER ABSORBENT POLYMER MARKET, BY END-USER- MARKET ANALYSIS, 2019 - 2032
Agriculture and Horticulture
Industrial
Construction
Packaging
Other
GLOBAL SPECIALTY SUPER ABSORBENT POLYMER MARKET, BY REGION- MARKET ANALYSIS, 2019 - 2032
North America
The U.S.
Canada
Europe
Germany
France
Italy
Spain
United Kingdom
Russia
Netherlands
Sweden
Poland
Rest of Europe
Asia Pacific
India
China
South Korea
Japan
Australia
Thailand
Indonesia
Philippines
Rest of APAC
Latin America
Brazil
Mexico
Argentina
Colombia
Rest of LATAM
The Middle East and Africa
Saudi Arabia
United Arab Emirates
Israel
Turkey
Algeria
Egypt
Rest of MEA
Table of Contents
1. Specialty Super Absorbent Polymer Market Overview
1.1. Study Scope
1.2. Market Estimation Years
2. Executive Summary
2.1. Market Snippet
2.1.1. Specialty Super Absorbent Polymer Market Snippet by Type
2.1.2. Specialty Super Absorbent Polymer Market Snippet by Material
2.1.3. Specialty Super Absorbent Polymer Market Snippet by End-User
2.1.4. Specialty Super Absorbent Polymer Market Snippet by Country
2.1.5. Specialty Super Absorbent Polymer Market Snippet by Region
2.2. Competitive Insights
3. Specialty Super Absorbent Polymer Key Market Trends
3.1. Specialty Super Absorbent Polymer Market Drivers
3.1.1. Impact Analysis of Market Drivers
3.2. Specialty Super Absorbent Polymer Market Restraints
3.2.1. Impact Analysis of Market Restraints
3.3. Specialty Super Absorbent Polymer Market Opportunities
3.4. Specialty Super Absorbent Polymer Market Future Trends
4. Specialty Super Absorbent Polymer Industry Study
4.1. PEST Analysis
4.2. Porter's Five Forces Analysis
4.3. Growth Prospect Mapping
4.4. Regulatory Framework Analysis
5. Specialty Super Absorbent Polymer Market: COVID-19 Impact Analysis
5.1. Pre-COVID-19 Impact Analysis
5.2. Post-COVID-19 Impact Analysis
5.2.1. Top Performing Segments
5.2.2. Marginal Growth Segments
5.2.3. Top Looser Segments
5.2.4. Marginal Loss Segments
6. Specialty Super Absorbent Polymer Market Landscape
6.1. Specialty Super Absorbent Polymer Market Share Analysis, 2023
6.2. Breakdown Data, by Key Manufacturer
6.2.1. Established Players' Analysis
6.2.2. Emerging Players' Analysis
7. Specialty Super Absorbent Polymer Market - By Type
7.1. Overview
7.1.1. Segment Share Analysis, By Type, 2023 & 2032 (%)
7.1.2. High Absorbency SAPs
7.1.3. Encapsulating SAPs
7.1.4. Hydrophobic SAPs
7.1.5. Flame-Retardant SAPs
7.1.6. Other
8. Specialty Super Absorbent Polymer Market - By Material
8.1. Overview
8.1.1. Segment Share Analysis, By Material, 2023 & 2032 (%)
8.1.2. Sodium Polyacrylate
8.1.3. Polyacrylate/Polyacrylamide Copolymer
8.1.4. Bio-Based SAPs
8.1.5. Other
9. Specialty Super Absorbent Polymer Market - By End-User
9.1. Overview
9.1.1. Segment Share Analysis, By End-User, 2023 & 2032 (%)
9.1.2. Agriculture and Horticulture
9.1.3. Industrial
9.1.4. Construction
9.1.5. Packaging
9.1.6. Other
10. Specialty Super Absorbent Polymer Market- By Geography
10.1. Introduction
10.1.1. Segment Share Analysis, By Geography, 2023 & 2032 (%)
10.2. North America
10.2.1. Overview
10.2.2. Specialty Super Absorbent Polymer Key Manufacturers in North America
10.2.3. North America Market Size and Forecast, By Country, 2019 - 2032 (US$ Million)
10.2.4. North America Market Size and Forecast, By Type, 2019 - 2032 (US$ Million)
10.2.5. North America Market Size and Forecast, By Material, 2019 - 2032 (US$ Million)
10.2.6. North America Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)