South & Central America 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 Appl

South & Central America 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 South & Central America super absorbent polymer market was valued at US$ 252.26 million in 2022 and is expected to reach US$ 356.68 million by 2030; it is estimated to register a CAGR of 4.4% from 2022 to 2030.

Strategic Development Initiatives by Key Market Players Fuel South & Central America 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. 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.

South & Central America Super Absorbent Polymer Market Overview

According to a report published by the International Trade Administration in 2023, Brazil invests 9.1% of its GDP in the healthcare sector, comprising 532,645 hospital beds, 88,000 supplementary healthcare services, 502,000 physicians, and 89,000 drug stores as of 2021. In the past few years, there has been a considerable rise in the number of hospitals in Brazil, majorly due to the increasing number of traffic accidents and surgeries. The patients with limited mobility and those patients confined with wheelchairs require adult diapers. Adult diapers are also used during the recovery period after certain surgical procedures and in several medical conditions, such as cognitive impairment. According to the Sistema Único de Saúde, Brazilian national healthcare system, the country recorded 6,982 diabetes-related lower limb amputations from January to August 2023. As per the Brazilian Diabetes Society, diabetes has become the leading cause of non-traumatic lower limb amputation. The region also marks the prevalence of pressure ulcers in hospitalized patients, resulting in an increased demand for wound care products. Therefore, the development of healthcare infrastructure and the rising number of diabetic foot ulcers and pressure ulcers are expected to drive the demand for super absorbent polymers during the forecast period.

South & Central America Super Absorbent Polymer Market Revenue and Forecast to 2030 (US$ Million)

South & Central America Super Absorbent Polymer Market Segmentation

The South & Central America super absorbent polymer market is categorized into type, category, application, and country.

Based on type, the South & Central America 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 South & Central America super absorbent polymer market is bifurcated into synthetic and biobased. The synthetic segment held a larger market share in 2022.

By application, the South & Central America 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 South & Central America super absorbent polymer market is segmented into Brazil, Argentina, and the Rest of South & Central America. Brazil dominated the South & Central America super absorbent polymer market share in 2022.

LG Chem, Ltd.; BASF SE; Evonik Industries AG; and Satellite Chemical Co., Ltd. are some of the leading companies operating in the South & Central America super absorbent polymer market.

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