Sodium Polyacrylate Market Size, Share, Growth, Trends, and Forecast 2030
Description
According to the report published by Zion Market Research, the global Sodium Polyacrylate Market size was valued at USD 2417.89 Million in 2022 and is predicted to reach USD 3815.28 Million by the end of 2030. The market is expected to grow with a CAGR of 5.84% during the forecast period. The report analyzes the global Sodium Polyacrylate Market’s growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Sodium Polyacrylate Market industry.
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Global Sodium Polyacrylate Market: Overview
Sodium polyacrylate, more commonly known as waterlock is a polymer of polyacrylic acid. Sodium polyacrylate is a broadly utilized super-absorbent polymer. This compound can easily contain or absorb water and liquid mixtures which are hundred times more in mass than its own. The polymer has to be manufactured synthetically as it does not occur in nature. It is extensively utilized in the industrial sector and in final goods as a viscosity-controlling agent, binding agent, film former, and emulsion stabilizer.
Sodium polacrylate was first used and developed by NASA (National Aeronautics and Space Administration) 5 decades ago in astronauts’ diapers that they wore on lengthy space explorations. Since then numerous other benefits and applications of the polymer have been uncovered. For instance, agriculture grade sodium polyacrylate is utilized for watering plants in an effective way. When the plants require water, the roots get near the polymer and soak up water from that polymer.
Other applications of sodium polyacrylate include sanitary products which are pet pads, adult diapers, and baby diapers. The polymer is also applied as a thickening agent in final goods that include carpets, hair gels, paints, and upholstery. Sodium polyacrylate is also used in the medical sector as a thickening agent for various medical gels. Other interesting uses of the polymer include ice-bags, anti-flood bags, and artificial snow. It is also used in coatings industry, and in the construction sector, where it is utilized in chemical-based materials as an internal sealant.
Global Sodium Polyacrylate Market: Growth Factors
The surging usage of sodium polyacrylate in various consumer goods such as hair gels, diapers, and soaps is indirectly stimulating the demand for sodium polyacrylate. Such final goods are in great demand due to their convenience and cost-effectiveness. Also, the rapidly developing industrial and medical sectors will prove to augment the demand for sodium polyacrylate because it is extensively used in the industry construction as a sealant, and within the medical sector in surgical sponges that wipe away harmful spills. This in turn will stimulate the growth of the global sodium polyacrylate market in the forecast period.
However, even if sodium polyacrylate has numerous benefits, there exist a few restrictions too. For instance, the polymer can be highly poisonous when ingested or inhaled. It could also potentially cause irritation to the respiratory tract, eyes, or skin. In the year 1985, the application of sodium polyacrylate in tampons was halted because it created high levels of irritation to women. Additionally, sodium polyuacrylate is comprised of sodium which makes the soil hard when it is used for agricultural purposes. Nevertheless, the benefits of the polymer substantially outnumber the disadvantages of the same.
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Global Sodium Polyacrylate Market: Segmentation
The global sodium polyacrylate market has been segregated on the basis of type, application, and region. By type, the market can be differentiated into solid and liquid. Based on application, the global sodium polyacrylate market can be bifurcated into adult protective underwear, the baby diapers, electrical power cables, water treatment, construction works, agricultural soil conditioners, medicine, food & beverage industry, petro chemistry, and food packaging.
Global Sodium Polyacrylate Market: Regional Analysis
Asia Pacific is projected to dominate the global sodium polyacrylate market and record a higher growth rate in the forthcoming timeframe. This can be attributed to the surging requirements for personal care & grooming products and the notable growth in healthcare applications. Moreover, the rise in the need of super absorbent polymers, particularly in countries such as India, China, Thailand, Indonesia, and Malaysia is expected to accelerate the advancement of the market in the upcoming years.
On the other hand, Europe and North America are predicted to exhibit stable growth over the forthcoming years. This is due to the fully developed and mechanized industrial sector of these regions. Also the rising application base will prove to create multiple opportunities for the expansion of this market in these regions.
Global Sodium Polyacrylate Market: Competitive Players
The global sodium polyacrylate market is extremely fragmented with the most prominent industry names utilizing several key strategies including expansions, new product launches, joint ventures, agreements, mergers & acquisitions, partnerships, collaborations, and others to improve their production capacities and meet the rising needs of the end-users in the market.
The major companies leveraging the expansion of the global sodium polyacrylate market consist of:
- NIPPON SKOKUBAI CO., LTD.
- Shanghai Huayi Acrylic Acid Co., Ltd.
- NUOER GROUP
- Wanhua Chemical Group Co., Ltd.
- Shanghai Bnero Chemical Co., Ltd.
- ACURO ORGANICS LIMITED
- Braskem
- NOVA Chemicals Corporation
- SUMITOMO SEIKA CHEMICALS CO., LTD.
- Santa Cruz Biotechnology, Inc.
- RSD Polymers Pvt., Ltd.
- Yixing Danson Technology
- Shandong Haoyue New Materials Co., Ltd.
- Weiku.com,
- Zhejiang Satellite Petrochemical Co., Ltd.
- Shandong Taihe Water Treatment Technologies Co., Ltd.
- Qingdao Echemi Technology Co., Ltd.
- Repsol.
Global Sodium Polyacrylate Market: Regional Segment Analysis
- North America
- The U.S.
- Canada
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
What Reports Provides
- Full in-depth analysis of the parent market
- Important changes in market dynamics
- Segmentation details of the market
- Former, on-going, and projected market analysis in terms of volume and value
- Assessment of niche industry developments
- Market share analysis
- Key strategies of major players
- Emerging segments and regional markets
- Testimonials to companies in order to fortify their foothold in the market.
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