Global Super Absorbent Resin Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Super Absorbent Resin Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Super absorbent resin is a new sub-material, (also known as super absorbent polymer, SAP) it can absorb its own weight hundreds to thousands of times the water, non-toxic, harmless, pollution-free, water absorption capacity is particularly strong, water retention capacity is particularly high.

Market Overview:

The latest research study on the global Super Absorbent Resin market finds that the global Super Absorbent Resin market reached a value of USD 7804.0 million in 2022. It’s expected that the market will achieve USD 9676.84 million by 2028, exhibiting a CAGR of 3.65% during the forecast period.

Influence of COVID-19 Outbreak on Super Absorbent Resin Industry Development

Since the outbreak of the COVID-19 virus in December 2019, the disease has spread to nearly 100 countries around the world, and the World Health Organization has declared it an emergency public health event. The COVID-19 epidemic is infected with a large number of people, and its spread and scope far exceed SARS. At present, the number of confirmed cases in Worldwide has exceeded 20 million. Different industries are affected differently by the epidemic situation.

The impact on the Super Absorbent Resin industry is mainly reflected in the supply of raw materials and the operation of the industry market. The main raw materials of Super Absorbent Resin products include some starch, Cellulose, acrylic acid, etc. Affected by the COVID-19 epidemic, logistics will be suspended and the supply of raw materials will be tight. Due to the global threat of COVID-19, the resumption of global factories will directly affect customers' production plans and delivery plans. The continuous outbreak of the international epidemic will affect the smooth supply of equipment and materials if the personnel control of various countries is expanded.

COVID-19 has a huge impact on the operation of the industry, The company's management efficiency has declined, commuting has been severely hindered, production plans have been severely hindered, network expansion has been delayed, marketing has been delayed, brand adjustments have been forced, market sales have declined, and company and employee revenue have declined, of which the impact on SMEs is more obvious. The company's inability to conduct normal operations and sales has exacerbated the shortage of funds for SMEs and reduced the company's solvency. Some small and medium-sized enterprises are in trouble.

Market Drivers, Trends and Issues

According to data from the United Nations' World Population Outlook: 2019 Revised Edition, by 2050, 1 out of every 6 people in the world will be 65 years old (16%) or older, and this number will be 11 in 2019 (9 %); By 2050, in Europe and North America, 1 in 4 people will be 65 years of age or older. In 2018, the number of people aged 65 or over in the world surpassed the number of people under 5 years old for an unprecedented rate. In addition, the population of 80 years or older is expected to triple, from 143 million in 2019 to 426 million in 2050. The three macro-population trends in the 21st century is: continuous global population growth, population aging, and Therefore, the increase in the elderly population will drive the demand for adult diapers, which in turn provides a supplement to the superabsorbent polymer market. Secondly, in some developing and underdeveloped regions, the increase in birth rate has increased the demand for Baby Diaper, which will also promote the development of the Super Absorbent Resin market.

Region Overview:

Japan had the highest growth rate of all regions.

Company Overview:

NIPPON SHOKUBAI is one of the major players operating in the Super Absorbent Resin market, holding a share of 19.56% in 2020.

NIPPON SHOKUBAI CO., LTD. manufactures and sells basic and fine chemicals, synthetic resins, and catalysts. The Company's products include acrylic acid, super absorbent polymers, and automobile catalysts.

BASF SE is a chemical company. The Company operates in six segments, including chemicals, plastics, performance products, functional solutions, agricultural solutions, and oil and gas. BASF offers products for the chemical, automotive, construction, agriculture, oil, plastics, electrical, electronics, furniture, and paper industries, and provides a range of system solutions and services.

Segmentation Overview:

Among different product types, Acrylic Resin SAP segment is anticipated to contribute the largest market share in 2027.

Application Overview:

By application, the Baby Diaper segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Super Absorbent Resin market covered in Chapter 3:

Quanzhou BLD Science Technology
Sumitomo Seika
Danson Technology
Formosa Plastics Corporation
Boya Shuzhi
Evonik Industries
Songwon Industrial
Weilong Polymer Material
Demi
LG Chemicals
Sanyo Chemical
NIPPON SHOKUBAI
Zhejiang Satellite Petro-chemical
Shandong Nuoer Bio-Tech
BASF

In Chapter 4 and Chapter 14.2, on the basis of types, the Super Absorbent Resin market from 2018 to 2029 is primarily split into:

Starch-based SAP
Cellulose-based SAP
Acrylic Resin SAP
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Super Absorbent Resin market from 2018 to 2029 covers:

Baby Diaper
Adult Inconvenience Products
Feminine Hygiene
Other

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)