Sales Analysis of Super Absorbent Polymers (2017-2021) in Comparison to Market Forecasts (2022-2032)
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According to the most recent report by Fact.MR, a supplier of market research and competitive information, the market value for super absorbent polymers expanded over the previous five years at a CAGR of almost 3.5%.
The global market is anticipated to reach a value of more than US$ 6 Bn in 2022 and grow at a CAGR of 4.9% from 2022 to 2032. Growing demand for super absorbent polymers (SAP) for the manufacture of hygiene and personal care items like diapers and sanitary napkins is responsible for the market's steady rise.
Around 4,213 KT of SAP were consumed in 2021. The largest market share was held by diapers made with super absorbent polymers. This is mainly attributable to SAP, which has been named one of the most crucial materials in diaper manufacturing because to its great absorption capacity.
Additionally, the increase in disposable income over the previous ten years has boosted SAP sales, and it is predicted that this trend will continue for the next ten years. Additionally, it is anticipated that SAP use in the Asia Pacific would increase significantly, largely due to the region's growing awareness of feminine hygiene.
Over the five-year period 2022-2032, the demand for super absorbent polymers for use in hygiene and personal care products is anticipated to rise at a CAGR of 5.2%. Additionally, it is anticipated that during the projected period, demand for superabsorbent polymers for feminine hygiene products, particularly natural superabsorbent polymers, will drive total sales, with the market expected to grow at a 4.9% CAGR through 2032.
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