Argentina Super Absorbent Polymer Market Size & Outlook
Argentina super absorbent polymer market, 2018-2030 (US$M)
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Argentina super absorbent polymer market highlights
- The Argentina super absorbent polymer market generated a revenue of USD 229.3 million in 2023 and is expected to reach USD 338.0 million by 2030.
- The Argentina market is expected to grow at a CAGR of 5.7% 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 229.3 million |
| Market revenue in 2030 | USD 338.0 million |
| Growth rate | 5.7% (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, Argentina accounted for 2.3% 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 Latin America, Brazil super absorbent polymer market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 589.2 million by 2030.
Sodium polyacrylate was the largest segment with a revenue share of 85.43% in 2023. Horizon Databook has segmented the Argentina super absorbent polymer market based on sodium polyacrylate, polyacrylate/polyacrylamide covering the revenue growth of each sub-segment from 2018 to 2030.
According to the ITA, healthcare expenditure in Argentina accounted for approximately 9.51% of its GDP in 2021. Argentina is primarily dependent on imports of medical devices and pharmaceutical products from the U.S. because local manufacturing contributes only 25% of the medical device market in Argentina.
This reliance on imports can be ruled out with the help of in-house manufacturing of medical devices that can create opportunities for local manufacturers. This is expected to drive the demand for super absorbent polymer in the country over the forecast period.
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Super Absorbent Polymer Market Scope
Super Absorbent Polymer Market Companies
| Name | Profile | # Employees | HQ | Website |
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Argentina super absorbent polymer market size, by type, 2018-2030 (US$M)
Argentina Super Absorbent Polymer Market Outlook Share, 2023 & 2030 (US$M)
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