Global Biodegradable Superabsorbent Materials Market to Reach $240.6 Million by 2030
The global market for Biodegradable Superabsorbent Materials estimated at US$182.8 Million in the year 2023, is expected to reach US$240.6 Million by 2030, growing at a CAGR of 4% over the analysis period 2023-2030. Polyvinyl Alcohol (PVA), one of the segments analyzed in the report, is expected to record a 4.1% CAGR and reach US$154.7 Million by the end of the analysis period. Growth in the Polyitaconic Acid segment is estimated at 3.7% CAGR for the next 7-year period.
The U.S. Market is Estimated at $54 Million, While China is Forecast to Grow at 3.7% CAGR
The Biodegradable Superabsorbent Materials market in the U.S. is estimated at US$54 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$42.4 Million by the year 2030 trailing a CAGR of 3.7% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.6% and 3.3% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 3% CAGR.
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