Europe Super Absorbent Polymer Market Size & Outlook
Europe Super Absorbent Polymer Market, 2018-2030 (US$M)
Global Market
Related Markets
Europe super absorbent polymer market highlights
- The Europe super absorbent polymer market generated a revenue of USD 2,312.9 million in 2023.
- The market is expected to grow at a CAGR of 6% 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, Germany is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 2,312.9 million |
| Market revenue in 2030 | USD 3,471.8 million |
| Growth rate | 6% (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, Europe region accounted for 23.5% 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.
High consumer demand has prompted manufacturers to develop more cost effective and differentiated their product offerings. The baby diaper segment, which has witnessed significant growth over the past few years, is undergoing through various structural changes in diaper structures. There is a growing demand for products with higher superabsorbent content, improvement in the breathability and the comfort level.
The products are expected to be thinner and compact which has resulted in propelling demand for these materials over the past few years. The adult diaper segment will remain a critical sector for the region owing to the growing aging population, which has propelled demand for sustainable and environmentally friendly materials to be used in the manufacturing of adult diapers and other incontinence products.
This will help in promoting growth over the forecast period. In these developed markets, brands are trying to maintain their customer base through introducing value added products and are engaged in developing products, which are more efficient and comfortable.
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Super Absorbent Polymer Market Scope
Super Absorbent Polymer Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Basf SE | View profile | 111,855 | Carl-Bosch-Strasse 38, Ludwigshafen am Rhein, Germany, 67056 | www.basf.com |
| Evonik Industries AG | View profile | 33,409 | Rellinghauser Strasse 1-11, Essen, NW, Germany, 45128 | www.evonik.com |
| Sumitomo Corp | View profile | 108,457 | 3-2 Otemachi 2-Chome, Chiyoda-ku, Tokyo, Japan, 100-8601 | www.sumitomocorp.co.jp |
| LG Chem | View profile | 10001+ | Seoul, Seoul-t'ukpyolsi, South Korea, Asia | www.lgchem.com |
| Kao Corp | View profile | 42,450 | 14-10, Nihonbashi Kayabacho 1-chome, Chuo-ku, Tokyo, Japan, 103-8210 | www.kao.com |
| Formosa Plastics Group | View profile | 1001-5000 | Taipei, T'ai-pei, Taiwan, Asia | www.fpg.com.tw/ |
| Sanyo | View profile | 10001+ | San Diego, California, United States, North America | www.sanyo.com |
| Nippon Shokubai Co Ltd | View profile | 4,574 | 4-1-1, Koraibashi, Kogin Building, Chuo-ku, Osaka, Japan | www.shokubai.co.jp |
Europe Super Absorbent Polymer Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Super Absorbent Polymer Market Outlook will help companies and investors design strategic landscapes.
Sodium Polyacrylate was the largest segment with a revenue share of 83.53% in 2023.
Horizon Databook has segmented the Europe super absorbent polymer market based on sodium polyacrylate, polyacrylate/polyacrylamide covering the revenue growth of each sub-segment from 2018 to 2030.
High consumer demand has prompted manufacturers to develop more cost effective and differentiated their product offerings. The baby diaper segment, which has witnessed significant growth over the past few years, is undergoing through various structural changes in diaper structures. There is a growing demand for products with higher superabsorbent content, improvement in the breathability and the comfort level.
The products are expected to be thinner and compact which has resulted in propelling demand for these materials over the past few years. The adult diaper segment will remain a critical sector for the region owing to the growing aging population, which has propelled demand for sustainable and environmentally friendly materials to be used in the manufacturing of adult diapers and other incontinence products.
This will help in promoting growth over the forecast period. In these developed markets, brands are trying to maintain their customer base through introducing value added products and are engaged in developing products, which are more efficient and comfortable.
- Europe Super Absorbent Polymer Market Type Outlook (Revenue, USD Million , 2018-2030)
- Sodium Polyacrylate
- Polyacrylate/Polyacrylamide
- Others
- Europe Super Absorbent Polymer Market Application Outlook (Revenue, USD Million , 2018-2030)
- Personal Hygiene
- Agriculture
- Medical
- Industrial
- Others
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe Super Absorbent Polymer Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into Europe Super Absorbent Polymer Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Europe Super Absorbent Polymer Market, 2018-2030 (US$M)
Europe super absorbent polymer market statistics, by type, 2018-2030 (US$M)
