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Biodegradable Superabsorbent Materials Market to be Valued at USD 190 Million by 2024 | Hexa Research

November 06
22:55 2018

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Research Report on Biodegradable Superabsorbent Materials Market Size, Share, Growth Rate, Trends, Application Analysis, Competitive Market Scenarios and Forecasts, 2016 to 2024

6 November 2018, the global Biodegradable Superabsorbent Materials Market is anticipated to reach USD 190 million by 2024. Demand for adult incontinence products & disposable diapers is said to boost the market during the forecast period (2016-2024). This product derives much of its demand from agricultural applications. Moreover, the feminine hygiene segment may provide unique opportunities for the global market over the next eight years.

A rapidly growing geriatric population is expected to impact the overall product demand in the near future. In addition, this population segment is susceptible to various disorders, such as glandular diseases and urinal incontinence. Such anomalies call for products with high absorbing properties. Increasing population has threatened environmental sustainability & food security by exerting immense pressures on the environment. Environmental damage and the paucity of space to dispose conventional materials impel companies to adopt eco-friendly materials. These materials are designed to soak & retain large quantities of liquids in relation to their own masses.

Medical, personal disposable sanitary products, and agriculture are the key applications of biodegradable superabsorbent materials. People these days are increasingly adopting biodegradable products. This owes to heightened concerns regarding health risks related to sanitary napkins and baby diapers.

The global biodegradable superabsorbent materials market is categorized as products, applications, and regions. Products include polyitaconic acid, polyvinyl alcohol, polysaccharides, and polyacrylamide. Polyvinyl alcohol led the global market in 2015. It accounted for over 68% of the overall volume shares. Manufacturers are striving towards developing biodegradable superabsorbent polymeric products. This is projected to widen the application scope during the next eight years. Polyacrylamide and polyitaconic acid may expand at CAGRs of over 9% and 8%, respectively; because of their high absorption properties.

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Based on applications, the global biodegradable superabsorbent materials market comprises adult incontinence products, disposable diapers, medical, agriculture, and female hygiene products. Disposable diapers dominated the overall industry in 2015 and accounted for over 59% of total shares. This segment may register the fastest growth till 2024 owing to rapid population growth in China, India, Brazil, Indonesia, and other ASEAN nations. Female hygiene & adult incontinence products are other important applications in the industry. Awareness about hygiene could boost the demand for biodegradable superabsorbent materials in the forthcoming years.

Geographically, the global industry is segmented into Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. Europe dominated the worldwide market in 2015 occupying over 33% of the total volumes. The Asia-Pacific region is projected to experience major growth in terms of volume. This market could expand at a CAGR of over 10% from 2016 to 2024. China and India have been witnessing a remarkable increase in their infant populations over the last one decade. This may augment market demand during the forecast period. Similar demographic trends can also be observed in Latin America.

Prominent companies in the biodegradable superabsorbent materials market are Itaconix Corp.; Archer Daniels Midland Company; Exotech Bio Solutions Ltd.; Nuoer Chemical Australia Pty Ltd.; and Amereq Inc. Product innovation mainly pertains to the development of hygienic & ecological polymers. This will be a cornerstone for the growth of market participants.

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Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives.

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