CHICAGO, July 16,
2024 /PRNewswire/ -- The
report "Specialty Super Absorbent Polymer
Market by Type, Material (Sodium Polyacrylate,
Polyacrylate/Polyacrylamide Copolymer, Bio-Based Sap), End-Use
Industry (Agriculture & Horticulture, Industrial,
Construction), & Region - Global Forecast to 2029", is
projected to reach USD 2.0 billion by
2029, at a CAGR Of 6.5% from USD 1.5
billion In 2024.
The Specialty super absorbent polymer market is driven by
increasing demand in various end-use industries like water
treatment. The increasing application of super absorbent polymers
(SAPs) in water treatment is a significant development in the field
of agriculture and water management. SAPs improve soil porosity,
air capacity, and cation exchange capacity (CEC), which enhances
soil health and fertility.
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"Agriculture is projected to be the fastest growing end-use
industry of specialty super absorbent polymer, in terms of value,
during the forecast period."
The agriculture sector is the fastest growing specialty super
absorbent polymer market due to the increasing demand for
water-efficient and sustainable farming practices. Superabsorbent
polymers (SAPs) are used in agriculture to improve soil water
retention, reduce water loss through evapotranspiration and runoff,
and enhance crop yields. This is particularly important in regions
with limited water resources, where efficient water use is crucial
for maintaining crop productivity and ensuring food security.
"Sodium Polyacrylate is the largest type of material used in
specialty super absorbent polymer, in terms of value."
Sodium polyacrylate is a superabsorbent polymer with a wide
range of applications in various industries. Its ability to absorb
and retain large amounts of water makes it an effective material
for managing water in various contexts. SAP is used to manage water
in various applications, including water retention in soil,
reducing water loss through evapotranspiration and runoff, and
improving water retention in agricultural settings. Sodium
polyacrylate is used in sandless sandbags for flood control,
allowing for effective water retention and management during flood
events.
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"Asia Pacific captures the
largest share in the specialty super absorbent polymer market
during the forecast period, in terms of value."
Asia Pacific has experienced
significant industrialization and urbanization over the past few
decades, leading to increased demand for various industrial and
construction materials, including specialty super absorbent
polymers. The region's booming manufacturing sectors, particularly
in countries like China,
India, Japan, and South
Korea, have driven the demand for specialty super absorbent
polymers in applications such as agriculture, packaging, and
construction. The region's economic expansion is also a significant
contributor to the expansion of the global specialty super
absorbent polymer market.
Mergers, new product launches and expansions are the major
growth strategies adopted by the key players in the market. The key
global players in the specialty super absorbent polymers market
include Evonik (Germany), Sumitomo
Seika (Japan), Nippon Shokubai
(Japan), LG Chem (South Korea), Songwon Industrial Group
(South Korea), Chase Corporation
(US), Formosa Plastics Corporation (Taiwan), SDP Global (Japan) SNF (France), Yixing Danson Technology
(China), and Acuro Organics Ltd.
(India).
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