New York, United States , June 29, 2023 (GLOBE NEWSWIRE) -- The Global Biodegradable Superabsorbent Materials Market Size is to grow from USD 143.4 Million in 2022 to USD 278.0 Million by 2032, at a Compound Annual Growth Rate (CAGR) of 6.84% during the projected period.
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Super absorbent polymers are cross-linked polyelectrolytes with an extraordinarily high molecular mass that can absorb ten times their weight in liquid. Super absorbers are cross-linked, water-insoluble polymers that absorb large amounts of aqueous liquids, particularly physiological fluids such as urine or blood. As a result, super absorbent materials are used in items that require a high absorption rate, such as infant diapers, adult incontinence products, and feminine hygiene products. Growing environmental awareness, combined with efforts to reduce reliance on traditional energy sources, is expected to drive the global biodegradable superabsorbent materials market in the future. As the demand for biodegradable superabsorbent materials develops, it is vital to provide efficient waste disposal, which will promote market growth. The expanding senior population, which is at a high risk of developing urinary incontinence problems, is the key driver of the predicted increase in demand for biodegradable high-performance absorption polymers. As a result, all of these factors are projected to drive demand for biodegradable superabsorbent materials over the forecast period.
Browse key industry insights spread across 200 pages with 125 Market data tables and figures & charts from the report on, "Global Biodegradable Superabsorbent Materials Market Size, Share, and COVID-19 Impact Analysis, By Material Type (Polyvinyl Alcohol, Polyitaconic Acid, Polyacrylamide, and Polysaccharides), By Application (Disposable Diapers, Adult Incontinence Products, Female Hygiene, Agriculture, Medical, Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2022 – 2032". Get Detailed Report Description Here:
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The polyvinyl alcohol segment is dominating the market with the largest revenue share over the forecast period.
On the basis of material type, the global biodegradable superabsorbent materials market is segmented into the polyvinyl alcohol, polyitaconic acid, polyacrylamide, and polysaccharides. Among them, the polyvinyl alcohol segment has the highest revenue share of 72.6% over the projection period. Polyvinyl alcohol is a petroleum-derived biodegradable substance that is utilized in the manufacturing of glue additives, polyvinyl butyral, fabric sizing, and related uses.
The disposable diapers segment accounted for the largest revenue share of more than 41.3% over the forecast period.
On the basis of application, the global biodegradable superabsorbent materials market is segmented into disposable diapers, adult incontinence products, female hygiene, agriculture, medical, and others. Among these, the disposable diapers segment is dominating the market with the largest revenue share of 61.3% over the forecast period, owing to the increasing population in developing countries and nations with high population density. This has resulted in a huge increase in demand for various newborn care goods, particularly diapers, which have been a key component in recent growth. Manufacturers are attempting to improve efficiency, reduce costs, and create smaller items that meet consumer comfort criteria.
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Asia Pacific dominates the market with the largest market share over the forecast period.
Asia Pacific is dominating the market with more than 53.7% market share over the forecast period. This supremacy can be ascribed to significant investment in the research and development of biodegradable superabsorbent polymers. Rising spending by cutting-edge personal care and hygiene companies like Kimberly-Clark and P&G is likely to stimulate demand during the forecast period. In contrast, Europe is predicted to grow the fastest during the forecast period. Manufacturers have produced more cost-effective and distinctive product offers in response to rising consumer demand. Due to the vast consumer base and rising company margins, the North America market is predicted to develop at a significant CAGR over the forecast period.
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the global market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market. Major vendors in the Global Biodegradable Superabsorbent Materials Market include Lubrizol Corporation, BASF SE, ADM, Amereq, Inc., SNF, SkyQuest Technology Group, Exotech Bio Solutions Ltd., Coloplast A/S, ZEEL Product, CP Kelco, Itaconix Corporation, Collagen Solutions, NIPPON SHOKUBAI CO., LTD., Nuoer Chemical Australia Pty Ltd., JRM Chemical, Inc., CHINAFLOC, and among others.
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Recent Developments
On July 2022, LG Chem and GS Caltex announced a collaboration to develop technology on 1,4-Butanediol, an organic compound used as a solvent and in the manufacture of some types of plastics, elastic fibers, and polyurethanes, as part of their collaboration in the white biotechnology industry that focuses on the creation and distribution of biodegradable bioplastics.
On August 2021, Evonik Industries AG (Essen, Germany) has established its former Baby Care Business Line as an independent company. Evonik Superabsorber GmbH in Germany, and Evonik Superabsorber LLC in the USA, took over the business on July 1, 2021. In addition to strategic measures such as improved supply security or innovations – for example in the area of odor control – the issue of sustainability is a priority. Evonik Superabsorber will initially be guided by the mass balance approach. In essence, the aim is to gradually incorporate intermediate products based on renewable raw materials into production.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2032. Spherical Insights has segmented the Global Biodegradable Superabsorbent Materials Market based on the below-mentioned segments:
Biodegradable Superabsorbent Materials Market, Material Type Analysis
- Polyvinyl Alcohol
- Polyitaconic Acid
- Polyacrylamide
- Polysaccharides
Biodegradable Superabsorbent Materials Market, Application Analysis
- Disposable Diapers
- Adult Incontinence Products
- Female Hygiene
- Agriculture
- Medical
- Others
Biodegradable Superabsorbent Materials Market, Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- Uk
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of Middle East & Africa
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