August 10, 2021
According to the research report titled ‘Global Super Absorbent Polymers (SAP) Market Size study, by Type (Sodium Polyacrylate, Polyacrylate/Polyacrylamide, Copolymers, Others), by Application (Personal Hygiene, Agriculture, Medical, Industrial, Others), and Regional Forecasts 2021-2027’, available with Market Study Report, global super absorbent polymers (SAP) market is expected to register 5.9% CAGR over the forecast period 2021-2027.
Rising emphasis on healthcare, focus on effective management of irrigation water and escalating purchasing capacity are catalyzing the growth of global super absorbent polymers (SAP) market. Additionally, rising literacy rate as well as development of bio-based products are propelling the industry scenario.
Request sample copy of this Report: https://www.marketstudyreport.com/request-a-sample/3839606/
As cited by the report, international organizations like UNESCO, WHO, and UNICEF have launched advertising campaigns on topics such as feminine care, and menstrual hygiene. Meanwhile, the government of Kenya has been planning to allocate USD 4 million to provide schoolgirls with free sanitary napkins. Such public awareness programs and government initiatives are expected to promote overall industry growth.
Elaborating on market restraints, high cost and lack of availability of raw materials is likely to hamper the growth of the business domain over the projected timeframe.
With respect to type, the market sphere is divided into polyacrylate/polyacrylamide, copolymers, sodium polyacrylate, and others. In terms of application scope, worldwide super absorbent polymers (SAP) industry is classified into agriculture, industrial, personal hyenine, medical, and others.
From a regional point of view, North America, Europe, Latin America, and Asia pacific are major contributors to industry remuneration. Among these, North America currently holds a major market share, owing to flourishing end-use industries as well as increasing product innovation and developments.
Parallelly, Asia Pacific industry is slated to register a considerable growth rate over the forecast period. This can be credited to rapid growth in healthcare sector as well as escalating demand for diapers due to growing populace.
Leading companies in global super absorbent polymers (SAP) market include Nippon Shokubai Co. Ltd., LG Chem Ltd., Satellite Science and Technology Co. Ltd., Kao Corporation, Sumitomo Corporation, Evonik Industries AG, BASF SE, Yixing Danson Science and Technology Co. Ltd., Formosa Chemicals & Fibre Corporation, and SDP Global Co., Ltd.