Published by mark itwired
Posted on September 24, 2021
As per a study by FMI, the super absorbent polymer demand is expected to increase at a CAGR of 4.9% during the forecast period of 2021 to 2031. Increasing use in the production of medical and personal hygiene products will continue fuelling the demand for super absorbent polymers.
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.
“Key players in the global market are investing in the development of bio-based super absorbent polymers in order to keep pace with growing focus on sustainable production. This trend will continue through the forecast period to enable growth in the market in the coming years,” says the FMI analyst.
Request a report sample to gain comprehensive insights at https://www.futuremarketinsights.com/reports/sample/rep-gb-429
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:
Product Type
Application Type
Region
The post Super Absorbent Polymers Market Size, Share, Growth Rate, Industry Analysis and Global Forecast – 2031 first appeared on Market Research Blog.
As per a study by FMI, the super absorbent polymer demand is expected to increase at a CAGR of 4.9% during the forecast period of 2021 to 2031. Increasing use in the production of medical and personal hygiene products will continue fuelling the demand for super absorbent polymers.
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.
“Key players in the global market are investing in the development of bio-based super absorbent polymers in order to keep pace with growing focus on sustainable production. This trend will continue through the forecast period to enable growth in the market in the coming years,” says the FMI analyst.
Request a report sample to gain comprehensive insights at https://www.futuremarketinsights.com/reports/sample/rep-gb-429
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:
Product Type
Application Type
Region
The post Super Absorbent Polymers Market Size, Share, Growth Rate, Industry Analysis and Global Forecast – 2031 first appeared on Market Research Blog.
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