Asia Pacific Super Absorbent Polymer Market Forecast to 2030 - Regional Analysis - by Type (Polyacrylic acid, Polyacrylamide, Sodium Polyacrylate, Potassium Polyacrylate, Polysaccharides, and Others), Category (Synthetic and Biobased), and Application (Pe

Asia Pacific Super Absorbent Polymer Market Forecast to 2030 - Regional Analysis - by Type (Polyacrylic acid, Polyacrylamide, Sodium Polyacrylate, Potassium Polyacrylate, Polysaccharides, and Others), Category (Synthetic and Biobased), and Application (Personal Care, Agriculture, Healthcare, Building & Construction, and Others)

The Asia Pacific super absorbent polymer market was valued at US$ 2,943.55 million in 2022 and is expected to reach US$ 4,770.78 million by 2030; it is estimated to register a CAGR of 6.2% from 2022 to 2030.

Strategic Development Initiatives by Key Market Players Boost Asia Pacific Super Absorbent Polymer Market

Super absorbent polymer manufacturers are investing significantly in strategic development initiatives such as product innovation, mergers & acquisitions, and expansion of their businesses to widen their customer base and enhance their market position. Many key players are exploring non-hygiene applications for super absorbent polymers, such as in agriculture, for improved water retention and crop yields. This diversification mitigates dependence on the saturated hygiene market and unlocks new revenue streams. Research and development are crucial in maintaining a competitive edge, addressing specific customer demands, and opening opportunities for novel applications. The company aimed to equip the center with data collection and sensor technology to boost the process from product development to commercial scale. The introduction of applied robotics for automated sample testing in its development labs is followed by the implementation of advanced modeling in BASF's digitization roadmap for its super absorbent business. Emerging markets such as China and India present significant growth potential for the market. Major manufacturers are adopting acquisition, expansion, and production capacity scaleup strategies to serve their customers better and satisfy their growing demands. Therefore, strategic development initiatives by key market players create lucrative opportunities in the super absorbent polymer market.

Asia Pacific Super Absorbent Polymer Market Overview

Asia Pacific is characterized by steady growth in population, growing disposable income of people, and high per capita healthcare expenditure. According to a report published by the US Census Bureau in 2022, the population of Asia reached 4.5 billion in 2020. As per the same report, the population aged 65 or above in Asia is projected to reach 1.2 billion by 2060 from 414 million in 2020. Due to the rising geriatric population, the government of Singapore planned to add 3,700 hospital beds under the country's Healthcare 2020 Masterplan. The demand for incontinence and wound care products is influenced by incidences of incontinence and pressure ulcers in the aging population. Super absorbent polymers act as water reservoirs in the soil, absorbing and storing large amounts of water from irrigation and rainfall. This stored water is slowly released to plant roots over time, providing them with vital moisture and improving water utilization efficiency. In October 2023, EF Polymer and Okinawa Prefecture collaboratively developed an eco-friendly material, EF polymer. It is a super absorbent polymer made from fruit peels for agricultural applications. This developed super absorbent polymer also has applications in the production of diaper and shampoo thickeners. Thus, super absorbent polymers for agricultural applications and rising demand for incontinence products are projected to boost the super absorbent polymer market during the forecast period.

Asia Pacific Super Absorbent Polymer Market Revenue and Forecast to 2030 (US$ Million)

Asia Pacific Super Absorbent Polymer Market Segmentation

The Asia Pacific super absorbent polymer market is categorized into type, category, application, and country.

Based on type, the Asia Pacific super absorbent polymer market is categorized into polyacrylic acid, polyacrylamide, sodium polyacrylate, potassium polyacrylate, polysaccharides, and others. The sodium polyacrylate segment held the largest market share in 2022.

In terms of category, the Asia Pacific super absorbent polymer market is bifurcated into synthetic and biobased. The synthetic segment held a larger market share in 2022.

By application, the Asia Pacific super absorbent polymer market is segmented into personal care, agriculture, healthcare, building & construction, and others. The personal care segment held the largest market share in 2022.

Based on country, the Asia Pacific super absorbent polymer market is segmented into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. China dominated the Asia Pacific super absorbent polymer market share in 2022.

Sanyo Chemical Industries Ltd; LG Chem, Ltd.; BASF SE; Sumitomo Seika Chemicals Co., Ltd.; Nippon Shokubai Co., Ltd.; Evonik Industries AG; Chase Corp; Yixing Danson Science and Technology Co Ltd; Satellite Chemical Co., Ltd.; and Songwon Industrial Co Ltd are some of the leading companies operating in the Asia Pacific super absorbent polymer market.

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