Research and Markets has announced the addition of the "Global Super Absorbent Polymers Industry Market Report 2014-2019" report to their offering.
The global super absorbent polymer market is expected to grow at a CAGR of 5.5 percent from 2014 to 2019 to reach a value of $8.56 billion.
The demand for super absorbent polymer is increasing and will continue to increase as the disposable income of the individuals are increasing and population pyramids in the Asia-Pacific and Middle East, Africa.
The global super absorbent polymer market by product type and application type, has witnessed a significant growth in the past few years and this growth is estimated to persist in the coming years. The primary super absorbent polymer product is sodium polyacrylate that constitute majority of the market globally.
North America, Europe, and Asia-Pacific dominated the super absorbent polymers market in 2013 and accounted for over 75 percent of the market. The developed regions dominate the SAP market due their mature markets which consist of hygiene conscious and high-spending population. On the other hand, Middle East, Africa is expected to witness the fastest growth rate by 2019. The market in this region is experiencing increase in baby diaper penetration rate, high disposable incomes and population pyramids.
SAP in baby diapers shared more than 75% of the global super absorbent polymer market in 2013. SAP in baby diapers market will grow at a healthy growth rate of 5.2 percent until 2019.
The fastest growth rate till 2019 in the super absorbent polymers market is expected to come from construction, packaging, wire and cable, oil and gas, fire fighting which will continue to expand in the coming years. Expansions and new investments for SAP plants in the recent past have indicated that the industry is on its way to expand globally and global SAP suppliers are strengthening their presence in emerging markets.
Consumers are demanding for better comfort and convenience in diaper products. Fluff-less diaper are new in market and gaining great demand worldwide. Besides, ageing world population, increasing disposable income and population pyramids, bio-based SAP, increasing awareness of hygiene are going to be the key growth drivers for future of super absorbent polymer business.