Market revenue in 2023 | USD 1,628.9 million |
Market revenue in 2030 | USD 2,572.1 million |
Growth rate | 6.7% (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 |
Sodium polyacrylate was the largest segment with a revenue share of 85.59% in 2023. Horizon Databook has segmented the North America super absorbent polymer market based on sodium polyacrylate, polyacrylate/polyacrylamide covering the revenue growth of each sub-segment from 2018 to 2030.
North America is one of the largest markets for the super absorbent polymer market. The aging population has been a major driving factor in the region, which has resulted in increasing the market penetration of super absorbent polymers over the past few years.
Rising awareness and social acceptance regarding a wide range of health issues have resulted in changing the demand landscape of the hygiene industry. In mature markets such as North America adult incontinence products are becoming are expected to extremely pivotal for widening the customer base and improving the margins for companies.
Thinner cores, greater fit, comfort levels, and improved absorption are some of the critical factors responsible for driving demand over the past few years. Manufacturers that have been strong players in the feminine hygiene segment are entering the adult incontinence segment in order to cater to the growing demand.
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