Emergence of Bio-based Superabsorbent Polymers Presents Lucrative Opportunity for Key Manufacturers, says TMR

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Sap MarketGlobal Industry Analysis,
Size, Share, Growth, Trends and Forecast, 2023
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About Us

• Transparency Market Research (TMR) is a market
  intelligence company, providing North America
  business information reports and services. Our
  exclusive blend of quantitative forecasting and
  trends analysis provides forward-looking insight
  for thousands of decision-makers. We have an
  experienced team of Analysts, Researchers, and
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  tion indispensable for businesses to sustain a
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  different sectorsuch as pharmaceuticals,
  chemical, energy, food beverages,
  semiconductors, med-devices, consumer goods, and
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  analysis and deep segmentation to possible micro
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  research methodology, our syndicated reports
  strive to serve clients and satisfy their overall
  research requirement.

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Global Superabsorbent Polymer Market Snapshot
The volatility of raw material prices highly
impact on the competitive landscape of the global
superabsorbent polymer market. Leading
producers, namely Nippon Shokubai Co. Ltd.,
Evonik Industries, Sumitomo Seika Chemicals Co.
Ltd., LG Chem Ltd., Songwon Industrial Co. Ltd.,
and BASF SE have invested heavily in the
production of raw materials used for these
polymers in order to minimize their impact.  The
eco-friendly characteristic of these polymers is
likely to boost its application in a number of
industries such as agriculture, pharmaceuticals,
and medical and healthcare, leading to their
increased sales across the world.  Further, the
report provides a comparative analysis of
historical and current trends prevailing in the
Active Calcium Silicate Market. This helps to
estimate growth trends in the Active Calcium
Silicate Market over the assessment period. Such
comparative analysis is provided using an
exhaustive collection of tables and graphical
representations.
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Water Retaining Property of Superabsorbent
Polymers Boosts their Application in
Agriculture

• The alarming rise in the global population has
  created a huge need for food. Hi-tech farming
  methods are yet to reach underdeveloped and
  emerging economies and the rapid depletion of
  arable land has already put farmers in a tight
  situation. 
•  On the top of it, the increase in global warming
  has been affecting the rains severely, causing
  draught-like situations in many parts of the
  world.
• As superabsorbent polymers, also known as slush
  powder, can absorb huge amounts of liquid,
  particularly water, their application in farming,
  in order to retain soil water, is increasing
  significantly, says an analysts at TMR.
• The application of superabsorbent polymers will
  remain growing in agriculture over the next few
  years, anticipates TMR. The high costs of raw
  materials, however, may limit the adoption of
  these polymers to some extent in the coming years.

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North America Emerged as Biggest Consumer of
Superabsorbent Polymer Market Used for
Agriculture

• According to TMR, the global opportunity in
  superabsorbent polymer market for agriculture is
  expanding at a healthy CAGR of 6.80 during the
  period from 2015 to 2023. In 2014
• superabsorbent polymer market stood at US184.7
  mn and is projected to worth US327.4 mn by the
  end of forecast period 2023
•  In terms of volume, the application of
  superabsorbent polymers in agricultural practices
  is registering a CAGR of 5.90 over the forecast
  period.

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