Market revenue in 2023 | USD 594.2 million |
Market revenue in 2030 | USD 978.8 million |
Growth rate | 7.4% (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% in 2023. Horizon Databook has segmented the Germany super absorbent polymer market based on sodium polyacrylate, polyacrylate/polyacrylamide covering the revenue growth of each sub-segment from 2018 to 2030.
Adult incontinence, feminine hygiene products and the baby diaper segment dominate the market. The product visibility of sustainable biodegradable superabsorbent has increased over the past few years owing to the rising demand for adult incontinence products, which have higher efficiency and liquid absorption properties. This is a major factor contributing towards to the expansion of the market in Germany.
However, the rising immigrant population, which is fairly young, is expected to provide major boost to the baby diaper segment over the forecast period. Strong consumer demand for healthy food products with low fat and cholesterol has been a major propelling factor for demand in the region.
Growing awareness towards naturally derived sweetening agents and their long-term benefits has also helped in propelling growth for super absorbent polymer based compounds over the past few years.
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