The global super absorbent polymer (SAP) market size is poised to reach $12.10 billion by 2025, according to a new study by Grand View Research Inc. Growth is expected to yield a compound annual growth rate (CAGR) of 6.3 percent.
Rising demand for baby diapers, adult incontinence products, agriculture applications and female hygiene products is expected to drive the growth. Emerging regions, such as Asia Pacific and Central and South America are likely to witness a sharp rise in demand for baby diapers owing to growing population, disposable income, and awareness regarding the benefits of synthetic baby diapers, the report says.
Agriculture may prove the most promising application segment, experiencing revenue growth of 7.4 percent CAGR. The growth may be attributed to research conducted by governments and agricultural agencies in the U.S., China and India regarding SAP applications for water retention and water absorbing properties, especially in water-scarce regions.
Increases in life expectancy are predicted to boost growth of the adult incontinence product market and, in turn, the SAP market, as a whole.
The report noted Europe’s domination of the SAP market in 2018 and predicted expansion for the region of 5.4 percent CAGR. Asia Pacific is likely to exhibit the fastest CAGR of 7.3 percent during the forecast period. Rising demand for environmentally friendly and energy-saving products and solutions is expected to further drive the growth, the report noted.
The full report, “Super Absorbent Polymer (SAP) Market Size, Share And Trends Analysis Report By Application (Female Hygiene Products, Baby Diapers, Agriculture, Adult Incontinence Products), By Region, And Segment Forecasts, 2019–2025,” can be found at https://www.grandviewresearch.com/industry-analysis/super-absorbent-polymers-market.
Grand View Research, a U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services.