Scienza e Tecnologia
Super Absorbent Polymer Market to grow by 4.9% through 2031 driven by Demand for Personal Hygiene Products: Future Market Insights finds in Latest Survey
According to a study by FMI, the disposable diapers manufacturing sector will account for 76% sales in 2021. Regardless of the challenges posed by COVID-19 outbreak, the demand increased by 4.7% between 2020 and 2021. Spurred by this, the global super absorbent polymer market is expected to surpass US$9.18bn in 2021.
Rising popularity of adult incontinence and feminine hygiene products is driving sales of the super absorbent polymers. The market also will gain from the increasing awareness about hygiene and safety. Surge in sales is on cards as governments around the world adopt initiatives to spread awareness about the importance of maintaining proper hygiene amid COVID-19 outbreak.
While several other markets struggled to stay afloat during pandemic, super absorbent polymers sales continued to rise. The rising demand for medical and hygiene products will continue guaranteeing growth through the forecast period.
Rising prevalence of urinary incontinence also has compelled medical experts to focus on developing improved incontinence solutions. Numerous healthcare policies are therefore undertaken numerous government bodies to boost healthcare quality. This will present a conducive environment for overall growth of the market.
However, fluctuating price raw materials continues to threaten growth in the market.
Companies operating in the super absorbent polymers market are investing in strategic partnerships and collaborations to expand their consumer base and regional presence.
For instance, in September 2019 , LG Chem and Archer Daniels Midland Company entered into a joint agreement to develop bio-based acrylic acid used as a base material for manufacturing absorbent polymers.
Evonik Industries AG, in March 2017 , launched FAVOR max range for ultra-thin baby diapers that is more absorbent and reliable. Hygiene product manufacturers can further improve product performance.
FMI provides an unbiased analysis of the super absorbent polymer market, presenting historical demand data (2016-2020) and forecast statistics for the period from 2021-2031. The study divulges compelling insights on the global super absorbent polymer market with a detailed segmentation on the basis of:
https://www.futuremarketinsights.com/customization-available/rep-gb-429
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Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai , and has delivery centers in the UK, U.S. and India . FMI's latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
Abhishek Budholiya
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