In 2014, the super absorbent polymers market was
worth USD 7.00 billion. Baby diapers are the largest application segment for
global super absorbent polymers market. The market is expected to grow
significantly on account of factors such as increasing demand of baby diapers
over the forecast period. Super absorbent polymers are cross-linked homo polymers
which possess the ability to retain and absorb massive amount of liquid
compared to their weight.
Industries other than personal care & hygiene are
increasingly adopting super absorbent polymers. This is expected to benefit the
global industry over the forecast period. Increasing disposable income levels
in the developing nations have led to greater demand for the personal care and
hygiene products such as adult incontinence products, female sanitary napkins
and baby diapers. Such a tendency is expected to aid the global super absorbent
polymers market.
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Baby diapers accounted for the largest application
segment with a market share of over 70% in 2014. Increase in global demand for
baby diapers, particularly in the emerging nations such as China, India and
Brazil is projected to be the major driving factor for dominance of the
segment. Applications in agriculture segment are projected to witness the
highest growth rate, at an estimated CAGR of 6.6% from 2015 to 2022. Super
absorbent polymers are utilized for water preservation in agricultural
applications, predominantly in regions with water shortage. These polymers also
intensify crop yield, improve water usage efficiency and develop improved soil
properties. Such factors are forecasted to drive the demand for global industry
over the forecast period.
Europe accounted for over 30% of the global super
absorbent polymers in 2014 and is expected to continue this governance over the
forecast period. However, emerging economies such as Latin America and Asia
Pacific are supposed to witness a sharp growth rate over the next seven years.
Countries such as India, Brazil and China are expected to lead their regional
markets on account of growing awareness, increasing population and rising
disposable income levels.
Global super absorbent polymers market is amalgamated
with few companies leading the market and is characterized by high threat of
new entrants. Major industry participants include BASF SE, Evonik Industries AG
and Nippon Shokubai. These companies have taken numerous tactical initiatives
with the purpose to enhance their product portfolios, production capability and
increase their market share. Other companies such as Sumitomo Seika Chemicals
Co. Ltd., LG Chemical Co., SDP Global Co. Ltd., Songwon Industrial Co. Ltd.,
Yixing Danson Technology, Formosa Plastics Corporation and KAO Corporation are
taking ardent steps to gain competitive advantage, increase their product line
and increase their percentage revenue share.
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Grand View Research has
segmented the super absorbent polymers market on the basis of application and
region:
Super
Absorbent Polymers Application Outlook (Volume, Kilo Tons; Revenue, USD
Million, 2012 - 2022)
·
Agriculture
·
Baby Diapers
·
Adult Incontinence Products
·
Female Hygiene Products
·
Others
Super
Absorbent Polymers Regional Outlook (Volume, Kilo Tons; Revenue, USD Million,
2012 - 2022)
·
North America
o
U.S
·
Europe
o
Germany
o
France
o
UK
·
Asia Pacific
o
India
o
China
o
Japan
·
Central & South America
·
Middle East and Africa
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report by Grand View Research: http://www.grandviewresearch.com/press-release/global-surgical-robot-market
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