Europe Super Absorbent Polymer Market Size & Outlook
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Europe super absorbent polymer market highlights
- The Europe super absorbent polymer market generated a revenue of USD 2,312.9 million in 2023.
- The market is expected to grow at a CAGR of 6% 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.
- Country-wise, Germany is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 2,312.9 million |
| Market revenue in 2030 | USD 3,471.8 million |
| Growth rate | 6% (CAGR from 2023 to 2030) |
| Largest segment | Sodium polyacrylate |
| Fastest growing segment | Sodium Polyacrylate |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, Europe region accounted for 23.5% of the global super absorbent polymer market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 6,200.4 million by 2030.
Sodium polyacrylate was the largest segment with a revenue share of 83.53% in 2023. Horizon Databook has segmented the Europe super absorbent polymer market based on sodium polyacrylate, polyacrylate/polyacrylamide covering the revenue growth of each sub-segment from 2018 to 2030.
High consumer demand has prompted manufacturers to develop more cost effective and differentiated their product offerings. The baby diaper segment, which has witnessed significant growth over the past few years, is undergoing through various structural changes in diaper structures. There is a growing demand for products with higher superabsorbent content, improvement in the breathability and the comfort level.
The products are expected to be thinner and compact which has resulted in propelling demand for these materials over the past few years. The adult diaper segment will remain a critical sector for the region owing to the growing aging population, which has propelled demand for sustainable and environmentally friendly materials to be used in the manufacturing of adult diapers and other incontinence products.
This will help in promoting growth over the forecast period. In these developed markets, brands are trying to maintain their customer base through introducing value added products and are engaged in developing products, which are more efficient and comfortable.
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Super Absorbent Polymer Market Scope
Super Absorbent Polymer Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Nippon Shokubai Co Ltd | View profile | 4574 | 4-1-1, Koraibashi, Kogin Building, Chuo-ku, Osaka, Japan | http://www.shokubai.co.jp |
| Sanyo | View profile | 10001+ | San Diego, California, United States, North America | http://www.sanyo.com |
| Formosa Plastics Group | View profile | 1001-5000 | Taipei, T'ai-pei, Taiwan, Asia | https://www.fpg.com.tw/ |
| Kao Corp | View profile | 42450 | 14-10, Nihonbashi Kayabacho 1-chome, Chuo-ku, Tokyo, Japan, 103-8210 | http://www.kao.com |
| LG Chem | View profile | 10001+ | Seoul, Seoul-t'ukpyolsi, South Korea, Asia | https://www.lgchem.com |
| Sumitomo Corp | View profile | 108457 | 3-2 Otemachi 2-Chome, Chiyoda-ku, Tokyo, Japan, 100-8601 | http://www.sumitomocorp.co.jp |
| Evonik Industries AG | View profile | 33409 | Rellinghauser Strasse 1-11, Essen, NW, Germany, 45128 | https://www.evonik.com |
| Basf SE | View profile | 111855 | Carl-Bosch-Strasse 38, Ludwigshafen am Rhein, Germany, 67056 | https://www.basf.com |
Europe super absorbent polymer market size, by country, 2018-2030 (US$M)
Europe Super Absorbent Polymer Market Outlook Share, 2023 & 2030 (US$M)
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