PUNE, India, December 10, 2015 /PRNewswire/ --
The report "Super Absorbent Polymer Market by Type (Sodium Polyacrylate, Polyacrylate/Polyacrylamide Copolymer , and Others), by Application (Personal Care , Agriculture, Medical, Industrial and Others ), by Region - Trends & Forecasts to 2020", published by MarketsandMarkets, The global Market is projected to be worth USD 7.96 Billion by 2020, registering a CAGR of 7.6% between 2015 and 2020.
Browse 81 Market Data Tables and 53 Figures spread through 135 Pages and in-depth TOC on "Super Absorbent Polymer Market".
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The global super absorbent polymer market is expected to reach USD 7.96 Billion by 2020. This growth is fueled by the high demand from Asia-Pacific, the Middle East & Africa, and Latin America and the ageing population in developed countries and the thinner diapers.
Personal Care: The major market for SAP
Personal care is a major application for the SAP market. Super Absorbent Polymers (SAPs) are primarily used as an absorbent for water and aqueous solutions in diapers, adult incontinence products, feminine hygiene products, and similar applications. The market for diaper is the largest application for super absorbent polymers and hence driving the demand for polymer in the recent years.
Agriculture: The fastest-growing market for SAP
The agricultural industry is the fastest-growing market for SAP The use of super absorbent polymers (SAP) is an established water conservation technique in agriculture and is widely used in different parts of the world. The growing population and increased demand for food in developing nations are the key factors driving the demand for the SAP market in agriculture application. The important application areas of agricultural SAP can broadly be categorized into gardening, horticulture, forestry, lawns, play grounds, and golf-course.
The U.S. and China accounted for more than 40% of the SAP market in terms of value in 2014
China is the biggest market in the Asia-Pacific region and the U.S. is the largest end user and producer of super absorbent polymer market in the North American region. The U.S. and China are the largest consumers in their respective regions, and are expected to compete with each other to dominate the market by 2020, with advanced SAP materials for end users.
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In 2014, Asia-Pacific was estimated as the largest market for SAP with the largest share of the overall SAP market in terms of value. North America and Europe, together accounted for more than 40% of the global SAP market in terms of value in 2014. The SAP market in these regions is projected to increase substantially between 2015 and 2020, as the acceptance for these polymers is increasing in these regions.
Major players such as BASF SE, Nippon Shokubai Co. Ltd., and Evonik Industries AG., have adopted development strategies such as expansions, acquisitions, and product developments to achieve growth in the global SAP market.
This report includes the analysis of the market by value and volume for SAP and forecast for the market size till 2020. The report includes the market segmentation by type, application, and region. It also provides company profiles and competitive strategies adopted by the major market players in the global SAP market.
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