Significant usage of bio-based, high-performance absorption polymers in adult incontinence products, disposable diapers, and agriculture applications is likely to boost the industry growth over the forecast period. Furthermore, feminine hygiene sector is anticipated to provide unique opportunities for these environment-friendly polymers over the next few years.
The Global Biodegradable Superabsorbent Material Market is expected to reach USD 190 million by 2024, according to a new report by Grand View Research, Inc.
The demand for biodegradable superabsorbent polymers was 42 kilo tons in 2015 and is projected to witness robust growth in numerous applications owing to its superior absorption rate, biodegradability, and biocompatibility with the human skin. In addition, companies are focusing on innovation to develop water retaining polymeric compounds in agricultural applications as well.
Companies such as Exotech Bio Solutions Ltd. and Itaconix Corporation manufacture eco-friendly superabsorbent polymers targeting personal hygiene, infant care, and agriculture industries.
Disposable diapers segment is expected to foresee revenue growth at a CAGR of 5.4% from 2016 to 2024. The high birth rate in developing economies such as China, India, and Brazil are estimated to fuel the rapid development of the baby diapers sector. This, in turn, is projected to positively affect the consumption of bio-based polymers in this industry in the future.
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Top Players of Biodegradable Superabsorbent Materials Market:
TryEco LLC, Exotech Bio Solutions Ltd., Archer Daniels Midland Company, Amereq Inc., and Itaconix Corporations are some of the key players operating in the global biodegradable superabsorbent material market.
Market Segmentation of Biodegradable Superabsorbent Materials Market:
The Global Biodegradable Superabsorbent Material Market segmented by Product, Application, and Region.
By Product:
Polyvinyl Alcohol
Polyitaconic Acid
Polyacrylamide
Polysaccharides
By Application:
Disposable diapers
Adult incontinence products
Female hygiene
Agriculture
Medical
By Region:
North America
Europe
Asia Pacific
Latin America
Middle East & Africa (MEA)
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