PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1516922
PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1516922
The Specialty super absorbent polymers market is projected to reach USD 2.0 billion by 2029, at a CAGR of 6.5% from USD 1.5 billion in 2024. SAPs are used in various industrial applications to manage water effectively. Their ability to absorb and retain large amounts of water makes them useful for applications such as water treatment, flood control, and liquid waste management. In the construction industry, SAPs are used as cement modifiers to improve soil properties and enhance water retention. This helps in stabilizing soil and reducing water runoff. They are used in the disposal of industrial aqueous waste by absorbing and retaining the liquid waste, making it easier to handle and dispose of.
Scope of the Report | |
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Years Considered for the Study | 2020-2029 |
Base Year | 2023 |
Forecast Period | 2024-2029 |
Units Considered | Kiloton; Value (USD Million) |
Segments | Type, Material, End-use Industry, and Region |
Regions covered | Asia Pacific, North America, Europe, Middle East & Africa, and South America |
"Based on material, bio-based SAPs is expected to be the fastest growing market during the forecast period, in terms of value."
Bio-based super absorbent polymers (SAPs) are the fastest growing in industrial applications due to their environmental sustainability, biodegradability, and reduced reliance on fossil fuels. As industries face increasing pressure to adopt eco-friendly practices and reduce their carbon footprints, bio-based SAPs offer a compelling alternative to traditional synthetic polymers. These biopolymers, derived from renewable resources like starch, cellulose, and other natural polymers, not only help in mitigating environmental impact but also appeal to the growing consumer demand for green products.
"Based on end-use industry, Agriculture is the largest market during the forecast period, in terms of value."
Agricultural superabsorbent polymers (SAPs) constitute the largest market in industrial applications due to their transformative impact on water management and crop productivity in agriculture. These polymers enhance soil moisture retention, reducing the need for frequent irrigation and mitigating the effects of drought, which is increasingly critical in regions facing water scarcity and unpredictable climate conditions. By improving water use efficiency and ensuring a stable supply of moisture to crops, SAPs contribute to higher yields and more resilient agricultural systems. This effectiveness in addressing key agricultural challenges has driven widespread adoption, making agriculture the leading sector for SAP usage.
"Based on region, Asia Pacific is the fastest growing market for specialty super absorbent polymers in 2022, in terms of value."
The construction industry in Asia Pacific has witnessed robust growth driven by infrastructure development, urban expansion, and increasing investments in residential, commercial, and industrial projects. The agricultural sector in Asia-Pacific, crucial for food security and economic development, benefits significantly from SAPs that improve water retention in soils, enhance crop yields, and reduce irrigation needs, particularly in water-scarce areas.
The key players in this market are Evonik (Germany), Sumitomo Seika (Japan), Nippon Shokubai (Japan), LG Chem (South Korea), Songwon Industrial Group (South Korea), Chase Corporation (US), Formosa Plastics Corporation (Taiwan), SDP Global (Japan) SNF (France), Yixing Danson Technology (China), and Acuro Organics Ltd. (India).
Research Coverage
This report segments the specialty super absorbent polymers market based on type, material, end-use industry, and region, and provides estimations for the overall value of the market across various regions. A detailed analysis of key industry players has been conducted to provide insights into their business overviews, products and services, key strategies, new product launches, expansions, and mergers and acquisitions associated with the specialty super absorbent polymers market.
Key benefits of buying this report
This research report focuses on various levels of analysis, including industry analysis (industry trends), market ranking analysis of top players, and company profiles, which together provide an overall view of the competitive landscape, emerging and high-growth segments of the specialty super absorbent polymers market, high-growth regions, and market drivers, restraints, opportunities, and challenges.