Saudi Arabia Super Absorbent Polymer Market Size & Outlook
Saudi Arabia super absorbent polymer market, 2018-2030 (US$M)
Related Markets
Saudi Arabia super absorbent polymer market highlights
- The Saudi Arabia super absorbent polymer market generated a revenue of USD 226.5 million in 2023 and is expected to reach USD 336.5 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 5.8% 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 226.5 million |
| Market revenue in 2030 | USD 336.5 million |
| Growth rate | 5.8% (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, Saudi Arabia accounted for 2.3% 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 Middle East & Africa, Saudi Arabia super absorbent polymer market is projected to lead the regional market in terms of revenue in 2030.
- Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 336.5 million by 2030.
Sodium polyacrylate was the largest segment with a revenue share of 85.96% in 2023. Horizon Databook has segmented the Saudi Arabia super absorbent polymer market based on sodium polyacrylate, polyacrylate/polyacrylamide covering the revenue growth of each sub-segment from 2018 to 2030.
Saudi Arabia is a high potential untapped market for super absorbent polymer owing to their abilities in the agriculture and personal hygiene sector. This will be a key factor for the growth of super absorbent materials over the forecast period. South Africa are expected to be key markets for super absorbent polymer on account of economic growth and improvement in the standard of living.
Saudi Arabia has a large consumer base for super absorbent polymer, which is contributing significantly to the demand for hygiene products made of super absorbent polymer, in turn, accounting for increased manufacturing of PET and PP polymers. The UAE super absorbent polymer market is growing due to the rise in population coupled with the measures to improve public healthcare systems.
The demand for super absorbent polymer increased in the baby and female hygiene application segment for gloves, masks, and shoe covers, which is expected to boost the demand for super absorbent polymer over the forecast period.
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Super Absorbent Polymer Market Scope
Super Absorbent Polymer Market Companies
| Name | Profile | # Employees | HQ | Website |
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Saudi Arabia super absorbent polymer market size, by type, 2018-2030 (US$M)
Saudi Arabia Super Absorbent Polymer Market Outlook Share, 2023 & 2030 (US$M)
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