Absorbent Polymer Market Scope
Absorbent Polymer is refer as a substance which can absorb and retain extremely large amounts of a liquid relative to its own mass. Absorbent polymers are now commonly made from the polymerization of acrylic acid blended with sodium hydroxide in the presence of an initiator to form a poly-acrylic acid sodium salt. Growing application of absorbent polymer in waste water treatment is supporting the absorbent polymer market. However some of the factors like difficulty in the disposal of non-biodegradable absorbent polymers is hampering the market growth.
The market is fragmented by key vendors who are focusing on production technologies, improving efficiency and shelf life. Growth opportunities can be captured by tracking the ongoing process improvement and financial flexibility to invest in optimal strategies.
Nippon Shokubai (Japan), BASF (Germany), Evonik (Germany), Sumitomo (Japan), LG Chem (South Korea), SDP Global (Japan), Formosa (Taiwan), Yixing Danson (China), Satellite Science & Technology Co., Ltd. (China) and Kao Corporation (Japan) are some of the key players that are part of study coverage.
Segmentation Overview
The study have segmented the market of Global Absorbent Polymer market by Type (Sodium Polyacrylate, Polyacrylate/Polyacrylamide copolymer and Others {bio-based super absorbent polymers, ethylene-maleic anhydride copolymer, polyvinyl alcohol copolymer, etc}), by Application (Personal Hygiene, Agriculture, Medical, Industrial and Others (packaging, construction, and oil & gas)) and Region with country level break-up.
On the basis of geography, the market of Absorbent Polymer has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Trend:
Advances in Non-Hygienic Applications of Super Absorbent Hydrogel Materials
Market Growth Drivers:
Growth of the Global Population, Increasing Demand for Fluffless Diapers and Focus on the Effective Management of Irrigation Water
Challenges:
Volatile Prices of Raw Materials and Difficulty in the Disposal of Non-Biodegradable Absorbent Polymers
Restraints:
Matured Market for Diapers in Developed Economies
Opportunities:
Development of Bio-Based Absorbent Polymers and High Growth Potential of Absorbent Polymers-Based Personal Hygiene Products in Developing Economies
Market Leaders and their Expansionary Development Strategies
In April 2022, Avient Corporation, a prominent provider of specialized and eco-friendly material solutions, announced its agreement with Royal DSM to acquire the DSM Protective Materials business, which includes the renowned Dyneema brand. The proposed acquisition has a purchase price of USD1.485 billion, with customary adjustments to be made. Concurrently, Avient has revealed its intention to explore potential sale options for its Avient Distribution business.
In October 2022, SABIC, a renowned global player in the chemical industry, revealed that Plastik Group, a prominent international manufacturer of films and bags for the hygiene market, has adopted certified circular polymers from SABIC's TRUCIRCLE™ portfolio. These sustainable polymers are being utilized by Plastik Group in the production of specialty films specifically designed for absorbent disposables manufactured by Drylock Technologies.
Key Target Audience
Industry Investors, Manufacturers, End User Industries, Traders, Distributors, and Suppliers, Government and Research Organizations and Associations and Industry Bodies
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.