Brazil Super Absorbent Polymer Market Size & Outlook
Related Markets
Brazil super absorbent polymer market highlights
- The Brazil super absorbent polymer market generated a revenue of USD 385.9 million in 2023 and is expected to reach USD 589.2 million by 2030.
- The Brazil market is expected to grow at a CAGR of 6.2% 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.
Super absorbent polymer market data book summary
| Market revenue in 2023 | USD 385.9 million |
| Market revenue in 2030 | USD 589.2 million |
| Growth rate | 6.2% (CAGR from 2023 to 2030) |
| Largest segment | Sodium polyacrylate |
| Fastest growing segment | Sodium Polyacrylate |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Brazil accounted for 3.9% of the global super absorbent polymer market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil super absorbent polymer market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 589.2 million by 2030.
Sodium polyacrylate was the largest segment with a revenue share of 85.98% in 2023. Horizon Databook has segmented the Brazil super absorbent polymer market based on sodium polyacrylate, polyacrylate/polyacrylamide covering the revenue growth of each sub-segment from 2018 to 2030.
The personal care and hygiene market in Brazil has witnessed significant growth over the past few years on account of increasing disposable incomes, widening consumer base and multinational players entering the Brazil market have contributed towards the rising penetration of biodegradable superabsorbent materials over the past few years.
Brazil is a high potential market for biodegradable superabsorbent materials owing to the rising baby population and increasing demand for better hygiene products has made a huge impact on the market. Growing demand for sanitary pads and thin line pads has resulted in contributing towards growth and increasing the market penetration over the past few years.
The country’s financial constraints have been driving cost management efforts in both public as well as private healthcare segments. Factors such as rising demand for super absorbent polymer applications, the establishment of networks by medical & healthcare industry to gain efficiencies of scale, and a rising focus on population health management are expected to significantly boost the overall growth of the super absorbent polymer market in the country 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 |
Brazil super absorbent polymer market size, by type, 2018-2030 (US$M)
Brazil Super Absorbent Polymer Market Outlook Share, 2023 & 2030 (US$M)
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