Market revenue in 2023 | USD 187.9 million |
Market revenue in 2030 | USD 269.3 million |
Growth rate | 5.3% (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 85.05% in 2023. Horizon Databook has segmented the UAE super absorbent polymer market based on sodium polyacrylate, polyacrylate/polyacrylamide covering the revenue growth of each sub-segment from 2018 to 2030.
Healthcare remains a top priority for the government of South Africa. In South Africa, healthcare industry is expected to expand at a rapid rate over the coming years on account of innovation and technological advancements, which is expected to propel super absorbent polymer demand over the forecast period. South Africa is focusing on downstream industries for the production of super absorbent polymer.
The country has introduced a series of initiatives to boost the growth of small and medium-sized enterprises (SMEs) involved in the production of super absorbent polymer based products. The growth of the super absorbent polymer market in the country can be attributed to a continuous supply of raw materials, growing population, and high healthcare investment in super absorbent polymer manufacturing sector.
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