Superabsorbent Polymers Market Overview:
Superabsorbent Polymers Market is expected to reach USD 8.02 Billion at the end of the forecasted period and is expected to grow at CAGR of more than 8.12% from 2018 to 2022.
Superabsorbent polymers are most widely used in manufacturing personal care products followed by its major use to effectively absorb water and supply it to the roots of the plants in agriculture sector. India appears to be the fastest growing consumer of superabsorbent polymers based products over the forecast period.
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Superabsorbent Polymers Market Key Players:
The key players in market includes BASF SE, Nippon Shokubai Co. Ltd., Evonik Industries AG, SDP Global Co. Ltd., Formosa Plastics Corporation, KAO Corporation, LG Chem Ltd., SDP Global Co. Ltd., Sumitomo Seika Chemicals Co. Ltd., Songwon Industrial Co. Ltd. and Yixing Danson Technology.
Superabsorbent Polymers Market Competitive Analysis:
Superabsorbent polymers market appears to be less competitive with the presence of only few major global chemicals and materials manufacturers operating in the superabsorbent polymers market. Presence of few key players will lead to monopoly situation and also competitive edge in innovation and technology is expected to be indelicate. As these materials are pricing at higher costs in the current markets and increasing demand for superabsorbent materials in personal care and paints & coatings industries will influence the end user products from these industries. Superabsorbent polymers market demonstrates a high growth potential as the demand for these materials is increasing other key players are likely to invest in opening new production capacities to meet the global demand with better solutions.
Superabsorbent polymers products are manufactured by utilizing polyacrylic acid as raw material which are costlier but they are capable to deliver high performance. These high value added products widely used as moisture absorbers in various industries.
Superabsorbent Polymers Market Table of Content to be Continue……,
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