1. Current market size and valuation
The global sodium polyacrylate super absorbent resin market size is approximately US$6490.5 million in 2022, and is expected to reach US$8377.9 million in 2028, with a compound annual growth rate (CAGR) of 3.7% during 2023-2028. The core manufacturers of global sodium polyacrylate superabsorbent resin (Sodium Polyacrylate, SAP) include Nippon Shokubai, BASF, Evonik, Jiayou and LG Chem. The top five manufacturers account for nearly 70% of the global market share. China is the world's largest sodium polyacrylate super-absorbent resin production region, accounting for approximately 22% of the market share, followed by Japan and Europe, accounting for approximately 20% and 16% of the market share respectively. In terms of product type, solution polymerization is the largest segment, accounting for approximately 88% of the market share. In terms of product applications, sodium polyacrylate super absorbent resin is mainly used in baby diapers, accounting for more than 70% of the market share, followed by adult urinary incontinence management and women's hygiene products.
2. Market Analysis and Insights: Global Sodium Polyacrylate Market
The sodium polyacrylate market is expected to grow at a rate of 6.10% during the forecast period from 2023 to 2029. Data Bridge's market research report on Sodium Polyacrylate market provides analysis and insights on various factors expected to be popular throughout the forecast period while providing impact on market growth. The increasing usage of sodium polyacrylate in various consumer products is driving the growth of the sodium polyacrylate market.
Sodium polyacrylate, also known as water-locking agent, is a polymer of polyacrylic acid. It is a widely used super absorbent polymer. As the name "water lock" suggests, the compound is capable of absorbing hundreds of times its mass of water as well as other liquid mixtures.
The major factor expected to drive the growth of the sodium polyacrylate market during the forecast period is rising demand from the detergent and cosmetics industry. Additionally, increasing demand for super absorbent polymers is expected to further drive the growth of the sodium polyacrylate market. Furthermore, rising demand from the healthcare and personal care industries is expected to buffer the growth of the sodium polyacrylate market. On the other hand, sodium polyacrylate contains sodium which is not beneficial to crops, which in turn is expected to further hinder the growth of the sodium polyacrylate market over the time period.
Furthermore, the increasing focus on technological developments and inventions by key players will further provide potential opportunities for the growth of the sodium polyacrylate market in the coming years. However, since sodium polyacrylate crystals are harmful to nasal membranes and should be inhaled with caution, this may further challenge the growth of the sodium polyacrylate market in the near future.
The sodium polyacrylate market is segmented on the basis of types and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
On the basis of types, the sodium polyacrylate market is segmented into liquid, and solid.
On the basis of application, the sodium polyacrylate market is segmented into the baby diaper, adult protective underwear, electrical power cables, construction works, food packaging, agricultural soil conditioners, water treatment, food, medicine, petro chemistry, and others.
The countries covered in the sodium polyacrylate market are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India , South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia Pacific dominates the sodium polyacrylate market due to the rise in the need for personal care and grooming products. Furthermore, the increasing growth in the healthcare applications will further boost the growth of the sodium polyacrylate market in the region during the forecast period. Europe is projected to observe significant amount of growth in the sodium polyacrylate market due to the fully advanced and mechanized industrial sector.
Qingdao SOCO New Material is a high-tech enterprise specializing in sodium polyacrylate products, which presents a significant growth opportunity for the company, and strategic market share planning is critical to capitalize on this potential. The plan outlines key objectives, strategies and actions to establish and enhance SOCO New Material presence in the global sodium polyacrylate market.
30+ product varieties, expand product applications and formulations in different industries, e.g. Waste Landfill & Slurry Solidification, Drilling & Mining Fluids Polymer, Gel Ice Packs, Cable Water Blocking Polymer, Medical Waste/Urine Absorbent Polymer.
Global expansion: Penetrating untapped markets with a focus on Asia Pacific, Europe and South America, serving 400+ clients in 100+ countries with global layout of 5 warehouses.
The establishment of the enterprise, SOCO® has developed mature R&D system. Besides R&D lab, application lab, planting lab and advanced technology, SOCO® has also built a strong R&D team of many well-known experts from the related. Meanwhile SOCO® has formed long-term cooperative relationship with many famous universities and research institutes such as Qingdao University of Science and Technology, Qingdao Agricultural University, etc. All these efforts are for customizing the best solutions for our clients.
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