At 6.2% CAGR, Asia Pacific Super Absorbent Polymer Market is Projected to be Worth US$ 4,770.78 Million by 2030, says Business Market Insights

According to Business Market Insights' research, the Asia Pacific super absorbent polymer market was valued at US$ 2,943.55 million in 2022 and is projected to reach US$ 4,770.78 million by 2030, recording a CAGR of 6.2% from 2022 to 2030. Increasing adoption of super absorbent polymers in the healthcare sector and strategic development initiatives by key market players are among the critical factors attributed to drive the Asia Pacific super absorbent polymer market growth.

Super absorbent polymers are used in wound dressings to manage exudate. Their high absorbency helps maintain a moist wound environment, promoting healing and preventing infections. It is also used in surgical products such as disposable underpads and absorbent surgical drapes. These aid in managing fluids during medical procedures, contributing to a cleaner and sterile surgical environment. In the healthcare setting, super absorbent polymers are utilized in various hygiene products such as bed pads and hospital underpads. This helps in managing bodily fluids and maintaining cleanliness in medical facilities. Super absorbent polymers are integrated into advanced wound dressings, which create a gel-like consistency to protect the wound and aid the healing process. Super absorbent polymers are lightweight and comfortable, making them ideal for incorporation into medical textiles and dressings. The adoption of super absorbent polymer in the healthcare sector is attributed to its versatility, performance, benefits, and ability to address critical needs in various applications of the medical sector. It is used as a bandage for diabetic foot ulcers, pressure ulcers, leg venous and arterial ulcers, first and second-degree burns, post-operative wounds, and traumatic wounds. As per the National Pressure Ulcer Advisory Panel, the incidence of pressure ulcers ranges from 0.4-38% in hospitals, from 2.2-23.9% in skilled nursing facilities, and from 0-17% for home health agencies. Thus, the rising adoption of super absorbent polymers in the healthcare sector drives the super absorbent polymer market.

On the contrastingly, volatility in raw materials prices hampers the growth of Asia Pacific super absorbent polymer market.

Based on type, the Asia Pacific super absorbent polymer market is categorized into polyacrylic acid, polyacrylamide, sodium polyacrylate, potassium polyacrylate, polysaccharides, and others. The sodium polyacrylate segment held 43.6% market share in 2022, amassing US$ 1,282.85 million. It is projected to garner US$ 2,178.96 million by 2030 to register 6.8% CAGR during 2022-2030.

In terms of category, the Asia Pacific super absorbent polymer market is bifurcated into synthetic and biobased. The synthetic segment held 67.3% share of Asia Pacific super absorbent polymer market in 2022, amassing US$ 1,982.16 million. It is anticipated to garner US$ 3,164.66 million by 2030 to expand at 6.0% CAGR during 2022-2030.

By application, the Asia Pacific super absorbent polymer market is segmented into personal care, agriculture, healthcare, building & construction, and others. The personal care segment held 71.3% share of Asia Pacific super absorbent polymer market in 2022, amassing US$ 2,099.14 million. It is projected to garner US$ 3,452.23 million by 2030 to expand at 6.4% CAGR from 2022 to 2030.

Based on country, the Asia Pacific super absorbent polymer market is categorized into Australia, China, Japan, India, South Korea, and the Rest of Asia Pacific. Our regional analysis states that China captured 45.9% share of Asia Pacific super absorbent polymer market in 2022. It was assessed at US$ 1,351.07 million in 2022 and is likely to hit US$ 2,284.95 million by 2030, registering a CAGR of 6.8% during 2022-2030.

Key players operating in the Asia Pacific super absorbent polymer market are Sanyo Chemical Industries Ltd; LG Chem, Ltd.; BASF SE; Sumitomo Seika Chemicals Co., Ltd.; Nippon Shokubai Co., Ltd.; Evonik Industries AG; Chase Corp; Satellite Chemical Co., Ltd.; Yixing Danson Science and Technology Co Ltd; and Songwon Industrial Co Ltd, among others.

• In February 2023, Nippon Shokubai Co., Ltd obtained ISCC PLUS certification for 19 products, including acrylic acid, superabsorbent polymers (SAP), and ethylene oxide. The certification allows the company to manufacture and market certified products using biomass-derived raw materials. Nippon Shokubai has developed a global supply system for SAP and acrylic acid and has the largest production capacity in Japan for ethylene oxide. The company aims to achieve carbon neutrality by 2050 and contribute to a sustainable society.
  
  
• In August 2022, Satellite Chemical Co Ltd announced the start of operation of the Lianyungang Petrochemical olefin comprehensive utilization project. The company has invested over CNY 33.5 billion in this project. Through this project, the company aims to generate sufficient raw materials that support the construction of new energy, new polymers, and functional chemicals.
  
  

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