TMR_Research_Reports_2017 Superabsorbent Polymers Market Research By 2020 | Page 2

Superabsorbent Polymers Market
REPORT
Superabsorbent Polymers Market – Global Industry Analysis, Size,
Share, Growth, Trends, and Forecast 2014 – 2020
Vendor landscape of the global superabsorbent polymers market is highly consolidated as the top six
players accounting for nearly 90% of the overall market in 2013. Among them Bayer AG, Nippon
Shokubai Co. Ltd, Formosa Plastics Group, BASF, and Mitsubishi Chemical Holdings Corporation
were most notable, finds Transparency Market Research (TMR), in a new study. These companies
are focusing on various strategies to gain a stronger foothold in the market. For instance, the leading
players are paying attention on diversifying their product portfolio to remain competitive through the
forecast period.
TMR forecasts the global superabsorbent polymers market to exhibit a CAGR of 5.5% between 2014
and 2020. At this pace, the market will reach US$8.78 bn by the end of 2020, from US$60.06 bn in
2013. Regionally, while North America dominated the market in 2013, Asia Pacific is expected to
report the leading CAGR during the aforementioned forecast period. Based on application, the baby
diapers industry held the dominant share of 74% in the market in 2013, and is expected to remain the
lead even in the forthcoming years.
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http://www.transparencymarketresearch.com/superabsorbent-polymers-market.html
Rising Demand for Baby Diapers Industry to Boost Growth
Considering the dominance of the baby diapers industry, the rising demand for baby diapers
witnessed especially in emerging nations across Asia Pacific will create growth opportunities for the
market. Besides this, the demand for adult diapers has increased as well owing the rising incidence of
chronic ailments worldwide. Spurred by these factors, the superabsorbent polymers market will
exhibit strong growth in the coming years. With governments around the world launching initiatives to
promote hygiene and wellness among people living in remote years, the demand for superabsorbent
polymers is expected to surge further in the near future.
While over the next few years, the diapers industry is expected to remain at the fore, the market will
witness steadily rising demand from agriculture, construction, and medical industries. Superabsorbent
polymers have high absorbing and retaining power, due to which, their application is forecast to
diversify in the coming years. For instance, in the agriculture industry, superabsorbent polymers are
used for potting soil. Besides this, their application in the medical designs manufacturing has gained
pace as well. In the construction industry, superabsorbent polymers are used in cable wires.
Transparency Market Research
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