LONDON, July 21, 2016 /PRNewswire/ -- Preview Analysis
Super absorbent polymer was first produced in 1970s, in Japan. These polymers are commonly made by polymerization of acrylic acid blended with sodium hydroxide to produce a poly acrylic acid sodium salt referred to as sodium polyacrylate. This is the most common type of super absorbent polymer used in the world today. Super absorbent polymer are majorly used in the manufacture of disposable diapers along with usage in many other applications such as adult incontinence products, feminine hygiene products and others which include absorbent pads, artificial snow, sand bags for flood control, medical waste solidification and many more. In terms of revenue the global super absorbent polymer market was valued at US$ 7.1 Bn in 2014, and is estimated to be slightly over US$ 9 Bn by 2020. In terms of volume the global super absorbent polymer market stood at 2119.5 ('000 Tons) in 2014, and is anticipated to reach a volume of 2,892.4 ('000 Tons) by 2020.
Based on the SAP applications the report analyzes the attractiveness of each application using the attractiveness tool. Furthermore, all the applications of super absorbent polymer are analyzed in terms of Basis Point Share to understand individual segments relative contributions to market growth. This detailed level of information is important for the identification of various key trends of the global super absorbent polymer market.
The application segment of the super absorbent polymer has been estimated and forecasted using the top-down approach. The disposable diapers industry accounted for the largest market with more than 74% of the global demand for super absorbent polymer in 2014. Moreover, it is anticipated to grow at a significant CAGR during the forecast period owing to increasing demand for baby diapers majorly from the emerging economies.
With approximately 12% share in the global super absorbent polymer market, the adult incontinence products was the second largest application market for super absorbent polymer in 2014. Due to the lack of hygiene awareness with regard to the aging population in developing economies, the growth in the adult diapers application is expected to remain stagnant in the near future.
Feminine hygiene products segment accounted for over 9.0% of the global super absorbent polymer market in 2014. This segment is expected to be moderately attractive during the forecast period owing to traditional methods and low hygiene awareness among women in the rural areas. Others segment, which includes paper packaging, waste water treatment and medical treatment, is anticipated to fuel the market for super absorbent polymer in the coming years, and is anticipated to grow at a comparatively high CAGR as compared to the remaining applications.
All the above sections, by application, evaluate the present scenario and the growth prospects of the global super absorbent polymer market for the period 2015 to 2020.
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