Market revenue in 2023 | USD 269.8 million |
Market revenue in 2030 | USD 419.4 million |
Growth rate | 6.5% (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 |
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The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to super absorbent polymer market will help companies and investors design strategic landscapes.
Sodium polyacrylate was the largest segment with a revenue share of 82.99% in 2023. Horizon Databook has segmented the South Korea super absorbent polymer market based on sodium polyacrylate, polyacrylate/polyacrylamide covering the revenue growth of each sub-segment from 2018 to 2030.
The growing product demand from food packaging and consumer goods end-use industries is significantly contributing to the growth of the super absorbent polymer market in France. Rising awareness regarding sustainable packaging coupled with growing environmental concerns about increasing greenhouse gas emissions is further contributing toward the adoption of super absorbent polymer based products.
The packaging application segment is likely to advance at the fastest CAGR owing to the increasing utilization of super absorbent polymer in the packaging of food and cosmetic products. Furthermore, rising R&D activities by the key players to reduce the utilization of conventional plastics for packaging are likely to boost product demand over the forecast period.
Horizon Databook provides a detailed overview of country-level data and insights on the South Korea super absorbent polymer market , including forecasts for subscribers. This country databook contains high-level insights into South Korea super absorbent polymer market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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