Demand for Super Absorbent Polymers Market Expected to Surpass US$ 9 Billion by 2020: Future Market Insights

VALLEY COTTAGE, N.Y.–(BUSINESS WIRE)–Demand for super absorbent polymers (SAP), also known as hydrophilic
polymers, is expected to reach 2.4 million tonnes by 2016. Surging sales
of disposable diapers, especially in developing countries, is expected
to boost the demand for super absorbent polymers in the near future. By
2020, the global hydrophilic polymers market is expected to reach US$ 9
billion in value.

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Disposable diapers accounted for nearly 75% market share of the global
super absorbent polymer market in 2014. Demand for disposable diapers is
expected to reach 1,790 thousand tonnes by 2016, up from 1,593 thousand
tonnes in 2014.

Asia Pacific Key Market for SAP

In terms of volume, Asia Pacific excluding Japan (APEJ), Europe, and
North America are the three largest markets for super absorbent
polymers. Demand for super absorbent polymers in APEJ is expected to
reach 705.8 thousand tonnes by 2016, up from 627 thousand tonnes in 2014.

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The Europe super absorbent polymers market is expected to be
fuelled by rising awareness and subsequent demand for diapers, adult
incontinence products, and female hygienic products in Eastern Europe.
In terms of volume, the demand for super absorbent polymers in Europe is
forecasted to amplify at 4.5% CAGR during the forecast period. The North
America super absorbent polymer market
is expected to expand at a
CAGR of 3.3% during the forecast period 2015-2020.

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Key Players

The key players analysed by FMI in its report include Nippon Shokubai
Co., Ltd., Evonik Industries AG, BASF SE, LG Chem Ltd. and Sumitomo
Seika, San-Dia Polymers, Ltd., and Formosa Plastics Corporation. Nippon
Shokubai Co., Ltd. holds the highest share in the global super absorbent
polymers market, accounting for nearly 19.8% of global volume in 2014.
BASF SE and Evonik Industries are the other leading players, and
collectively they represented 36% of global SAP volume in 2014.

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