Asia Pacific Super Absorbent Polymer Market Size & Outlook
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Asia Pacific super absorbent polymer market highlights
- The Asia Pacific super absorbent polymer market generated a revenue of USD 3,854.5 million in 2023.
- The market is expected to grow at a CAGR of 7% from 2024 to 2030.
- In terms of segment, sodium polyacrylate was the largest revenue generating type in 2023.
- Sodium Polyacrylate is the most lucrative type segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 3,854.5 million |
| Market revenue in 2030 | USD 6,200.4 million |
| Growth rate | 7% (CAGR from 2023 to 2030) |
| Largest segment | Sodium polyacrylate |
| Fastest growing segment | Sodium Polyacrylate |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Sodium Polyacrylate, Polyacrylate/Polyacrylamide |
| Key market players worldwide | Basf SE, LG Chem, Formosa Plastics Group, Sanyo, Evonik Industries AG, Kao Corp, Nippon Shokubai Co Ltd, Sumitomo Corp |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 39.2% of the global super absorbent polymer market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 6,200.4 million by 2030.
Sodium polyacrylate was the largest segment with a revenue share of 83.88% in 2023. Horizon Databook has segmented the Asia Pacific super absorbent polymer market based on sodium polyacrylate, polyacrylate/polyacrylamide covering the revenue growth of each sub-segment from 2018 to 2030.
The rise in demand from emerging economies such as China and India is expected to propel the super absorbent market. The market is witnessing a rapid growth in the region owing to the rising awareness for baby health, growing population, and rising disposable income.
In addition, baby diapers market is expected to witness growth potential in untapped markets in the region, such as Vietnam, Singapore, and Indonesia, hence propelling the demand for super absorbent polymers over the forecast period.
The personal care and hygiene industry in Taiwan, China, South Korea, India and Japan is likely to be a favorable factor for the market. Increasing investments by leading personal care and hygiene companies including P&G, and Kimberly-Clark is anticipated to promote demand over the forecast period.
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Super Absorbent Polymer Market Scope
Super Absorbent Polymer Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Nippon Shokubai Co Ltd | View profile | 4574 | 4-1-1, Koraibashi, Kogin Building, Chuo-ku, Osaka, Japan | http://www.shokubai.co.jp |
| Sanyo | View profile | 10001+ | San Diego, California, United States, North America | http://www.sanyo.com |
| Formosa Plastics Group | View profile | 1001-5000 | Taipei, T'ai-pei, Taiwan, Asia | https://www.fpg.com.tw/ |
| Kao Corp | View profile | 42450 | 14-10, Nihonbashi Kayabacho 1-chome, Chuo-ku, Tokyo, Japan, 103-8210 | http://www.kao.com |
| LG Chem | View profile | 10001+ | Seoul, Seoul-t'ukpyolsi, South Korea, Asia | https://www.lgchem.com |
| Sumitomo Corp | View profile | 108457 | 3-2 Otemachi 2-Chome, Chiyoda-ku, Tokyo, Japan, 100-8601 | http://www.sumitomocorp.co.jp |
| Evonik Industries AG | View profile | 33409 | Rellinghauser Strasse 1-11, Essen, NW, Germany, 45128 | https://www.evonik.com |
| Basf SE | View profile | 111855 | Carl-Bosch-Strasse 38, Ludwigshafen am Rhein, Germany, 67056 | https://www.basf.com |
Asia Pacific super absorbent polymer market size, by country, 2018-2030 (US$M)
Asia Pacific Super Absorbent Polymer Market Outlook Share, 2023 & 2030 (US$M)
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