MarketsandMarkets is a revenue impact and advisory company that operates in the market research industry. The company provides market research reports and business research insights, offering high-level analysis of emerging technologies and untapped markets. It primarily serves clients across various sectors such as information and communications technology, healthcare, energy and power, and more. It is based in Pune, India.
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Dec 1, 2023
News provided by Share this article Share toX CHICAGO, Dec. 1, 2023 /PRNewswire/ -- The report " Super Absorbent Polymers Market by Type (Sodium Polyacrylate, Polyacrylate/Polyacrylamide Copolymer, Bio-Based Sap), Application (Personal Hygiene, Agriculture, Medical, Industrial), And Region - Global Forecast to 2030", is projected to reach USD 13.2 billion by 2030, at a CAGR of 6.3% from USD 8.7 billion in 2023. The Super absorbent polymers market is driven by increasing demand for adult incontinence product, increasing use in water treatment application, and increasing demand of disposable baby diapers combined with growing market of bio-based SAP due to stringent regulations. 250 – Tables Sodium Polyacrylate is projected to be the largest type of super absorbent polymers, in terms of value, during the forecast period. Sodium polyacrylate is the largest type of super absorbent polymer due to its ability to absorb 100 to 1000 times its mass in water. t is a cross-linked polymer that contains sodium atoms and absorbs water through a process called osmosis. When dissolved in water, it forms a thick and transparent solution due to the ionic interactions of the molecules. The cross-links that connect the chains together prevent them from dissolving or breaking apart in the water, allowing sodium polyacrylate to absorb large amounts of water. Agriculture is the fastest growing application of the super absorbent polymers, in terms of value. Agriculture is the fastest-growing application of super absorbent polymers market. Super absorbent polymers can improve the fertility and water holding capacity of soil, which is essential for sustainable agriculture and crop production. These polymers can help retain water in the soil, providing a reliable water source for plants during droughts, which is crucial for maintaining crop health and yield. Asia Pacific captures the largest share in the super absorbent polymers market during the forecast period, in terms of value. Asia Pacific is the largest market for super absorbent polymers due to several factors. The region has the largest consumption of super absorbent polymers, with China, India and Japan being the major contributors. The increasing demand for personal care products and agricultural products in the region is driving the growth of the super absorbent polymers market. The region's economic expansion is also a significant contributor to the expansion of the global super absorbent polymers market. Key Players The key global players in the super absorbent polymers market include Nippon Shokubai (Japan), BASF (Germany), Evonik Industries (Germany), Sumitomo Seika (Japan), LG Chem (South Korea), Chase Corporation (US), Formosa Plastic Corporation (Taiwan), Kao Corporation (Japan), Satellite Science & Technology Co., Ltd. (China), SDP Global (Japan), Yixing Danson Technology (China). About MarketsandMarkets™ MarketsandMarkets™ has been recognized as one of America's best management consulting firms by Forbes, as per their recent report. MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients. Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes. The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry. Contact:
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