Market revenue in 2023 | USD 932.7 million |
Market revenue in 2030 | USD 1,636.2 million |
Growth rate | 8.4% (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 |
Sodium polyacrylate was the largest segment with a revenue share of 86.02% in 2023. Horizon Databook has segmented the China super absorbent polymer market based on sodium polyacrylate, polyacrylate/polyacrylamide covering the revenue growth of each sub-segment from 2018 to 2030.
China was the largest market for super absorbent polymers in 2022 and this trend is projected to continue over the forecast period. The market growth can be attributed to increasing product demand from various application segments, especially baby diapers, female hygiene products, and adult incontinence products. Increasing birth rate, rising purchasing power, and growing urbanization are factors boosting the demand for super absorbent polymers in the aforementioned application segments.
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