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Geographically, the global industry is segmented into Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. Europe dominated the worldwide market in 2015 occupying over 33 % of the total volumes. The Asia-Pacific region is projected to experience major growth in terms of volume. This market could expand at a CAGR of over 10 % from 2016 to 2024. China and India have been witnessing a remarkable increase in their infant populations over the last one decade. This may augment market demand during the forecast period. Similar demographic trends can also be observed in Latin America.
Prominent companies in the biodegradable superabsorbent materials market are Itaconix Corp.; Archer Daniels Midland Company; Exotech Bio Solutions Ltd.; Nuoer Chemical Australia Pty Ltd.; and Amereq Inc. Product innovation mainly pertains to the development of hygienic & ecological polymers. This will be a cornerstone for the growth of market participants.
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