Canada Super Absorbent Polymer Market Size & Outlook
Canada super absorbent polymer market, 2018-2030 (US$M)
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Canada super absorbent polymer market highlights
- The Canada super absorbent polymer market generated a revenue of USD 333.5 million in 2023 and is expected to reach USD 496.0 million by 2030.
- The Canada market is expected to grow at a CAGR of 5.8% 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 333.5 million |
| Market revenue in 2030 | USD 496.0 million |
| Growth rate | 5.8% (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, Canada accounted for 3.4% 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 North America, U.S. super absorbent polymer market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 1,812.3 million by 2030.
Sodium polyacrylate was the largest segment with a revenue share of 85.13% in 2023. Horizon Databook has segmented the Canada super absorbent polymer market based on sodium polyacrylate, polyacrylate/polyacrylamide covering the revenue growth of each sub-segment from 2018 to 2030.
Healthcare industry of Canada is attracting significant investments in both the public and private sectors. Government spending on healthcare industry was about 10% of the country’s total GDP, which is equivalent to USD 5,000 per capita of spending.
The country is characterized by high health consciousness and high life expectancy, viz., 85 years for women and 79 years for men coupled, thus, posing lucrative growth opportunities for medical plastic manufacturers in the country. This is anticipated to propel the demand for super absorbent polymers from the manufacturers of adult personal hygiene.
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Super Absorbent Polymer Market Scope
Super Absorbent Polymer Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada super absorbent polymer market size, by type, 2018-2030 (US$M)
Canada Super Absorbent Polymer Market Outlook Share, 2023 & 2030 (US$M)
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