Impact of COVID-19 outbreak on superabsorbent polymers market growth rate, gross margin, competitive situation and trends, forecast – Le Courrier

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The global superabsorbent polymers market is expected to experience robust growth, driven by increasing demand for sanitary products and disposable baby diapers. Market growth is expected to remain particularly dominant in Asia-Pacific, driven by strong demand in China and India. The region’s large population and increasing demand for diabetes care, hygiene products and wound care will lead to promising growth.

According to TMR analysts, the global agricultural superabsorbent polymers market was worth US $ 9,106.02 million in 2017. In addition, the market is expected to grow at a notable CAGR of 6.0% over the course of the period 2018-2026.

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Among the regions, North America will also drive robust market growth. The increasing demand for potassium polyacrylate variety in seed germination to increase agricultural yields and the extensive modernization of large-scale agriculture in the region will lead to promising forecasts in the region.

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Reliable performance drives sodium polyacrylate globally

Besides strong growth in North America region, sodium polyacrylate resin variety will also see significant growth globally. The resin variety is famous for its high performance and reliable nature. Strong demand for personal care products and new segments like adult diapers will drive significant growth in the region. Adult diapers have officially overtaken baby diapers in countries like Japan, where an aging population continues to determine consumer trends. Additionally, demand for products such as adult incontinence pads will also remain high in North America, where they are increasingly advertised in personal care aisles to remove stigma and make them more acceptable in societies. The growing increase in chronic diseases and new varieties of adult diapers will also promise new growth opportunities in this segment.

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Bio-absorbents promise new growth opportunities

Growing pressure on limited agricultural land, against a backdrop of increasing urbanization, continues to drive demand for higher yields in agriculture. In addition, the growing demand for natural food products also adds new pressures on farmers and food producers. This should lead to significant growth of bio-absorbers, which can hold water known as slush powders. These are able to absorb large amounts of water and provide additional food to the soil during agriculture. The extra food translates into better food supplies and protection of crops against widespread diseases. The technique has shown promise in non-arable geographies such as dessert, where its increasing use and promising delivery promise new growth opportunities for players in the agricultural superabsorbent polymers market.

TMR experts predict that the adoption of these superabsorbents will remain high during the forecast period. However, the high costs of these products will continue to constrain growth. With increased competition and economies of scale, players will be wise to invest in the expansion of existing product lines to drive the growth of the Superabsorbent Polymers for Agriculture market.

The study presented here is based on a Transparency Market Research (TMR) report titled “Agricultural Superabsorbent Polymers Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2015 – 2023.”

The global agricultural superabsorbent polymers market is segmented into:

Agricultural Superabsorbent Polymers Market: By Region

  • North America
    • we
    • Rest of North America

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