Mexico - North America Super Absorbent Polymer Market Size & Outlook
Mexico - North America Super Absorbent Polymer Market, 2018-2030 (US$M)
Global Market
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Mexico super absorbent polymer market highlights
- The Mexico super absorbent polymer market generated a revenue of USD 186.0 million in 2023 and is expected to reach USD 263.8 million by 2030.
- The Mexico market is expected to grow at a CAGR of 5.1% 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 186.0 million |
| Market revenue in 2030 | USD 263.8 million |
| Growth rate | 5.1% (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, Mexico accounted for 1.9% 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 North America, U.S. super absorbent polymer market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 1,812.3 million by 2030.
Due to low ocean temperatures followed by fewer clouds, lesser rainfall, and higher evaporation rate across the Northeastern Mexico. Additionally, increased temperature conditions associated with human caused climatic changes have intensified evaporation, dry out soils, and increased drought conditions.
Hence, the market has witnessed rise in demand for super absorbent polymers across the country owing to their improved and prolonged soil water retention capacity, reduced draught stress, and increased duration between irrigation events.
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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 |
Mexico - North America 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 83.98% in 2023.
Horizon Databook has segmented the Mexico - North America super absorbent polymer market based on sodium polyacrylate, polyacrylate/polyacrylamide covering the revenue growth of each sub-segment from 2018 to 2030.
Due to low ocean temperatures followed by fewer clouds, lesser rainfall, and higher evaporation rate across the Northeastern Mexico. Additionally, increased temperature conditions associated with human caused climatic changes have intensified evaporation, dry out soils, and increased drought conditions.
Hence, the market has witnessed rise in demand for super absorbent polymers across the country owing to their improved and prolonged soil water retention capacity, reduced draught stress, and increased duration between irrigation events.
- Mexico - North America Super Absorbent Polymer Market Type Outlook (Revenue, USD Million , 2018-2030)
- Sodium Polyacrylate
- Polyacrylate/Polyacrylamide
- Others
- Mexico - North America 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 country-level data and insights on the Mexico - North America Super Absorbent Polymer Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Mexico - North America Super Absorbent Polymer Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Mexico - North America Super Absorbent Polymer Market, 2018-2030 (US$M)
Mexico super absorbent polymer market statistics, by type, 2018-2030 (US$M)
