India Super Absorbent Polymer Market Size & Outlook
India super absorbent polymer market, 2018-2030 (US$M)
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India super absorbent polymer market highlights
- The India super absorbent polymer market generated a revenue of USD 769.5 million in 2023 and is expected to reach USD 1,406.1 million by 2030.
- The India market is expected to grow at a CAGR of 9% 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 769.5 million |
| Market revenue in 2030 | USD 1,406.1 million |
| Growth rate | 9% (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, India accounted for 7.8% 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 Asia Pacific, China super absorbent polymer market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 1,406.1 million by 2030.
Sodium polyacrylate was the largest segment with a revenue share of 84.39% in 2023. Horizon Databook has segmented the India super absorbent polymer market based on sodium polyacrylate, polyacrylate/polyacrylamide covering the revenue growth of each sub-segment from 2018 to 2030.
Since the past few years, hygiene industry in India is experiencing an unprecedented growth with increasing adoption of hygiene products by the Indian population. Rising hygiene awareness, ascending purchasing power, and a rapid shift from cloth nappies to diapers are major factors driving baby diapers market in India, which, in turn, is anticipated to fuel the demand for the product.
Furthermore, female hygiene products segment is boosting the growth of the Indian hygiene industry, thereby driving the market. Increasing awareness regarding hygiene among the female population is expected to boost the market over the forecast period.
Similarly, the adult diapers and the feminine hygiene products segments are also key segments as far as biodegradable superabsorbent materials are concerned. The consumption of biodegradable superabsorbent materials has increased over the past few years in the above-mentioned products which is expected to result in growth of super absorbent polymer market over the forecast period.
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Super Absorbent Polymer Market Scope
Super Absorbent Polymer Market Companies
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India super absorbent polymer market size, by type, 2018-2030 (US$M)
India Super Absorbent Polymer Market Outlook Share, 2023 & 2030 (US$M)
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