At 5.3% CAGR, North America Super Absorbent Polymer Market is Projected to be worth US$ 2,940.64 million by 2030, says Business Market Insights

According to Business Market Insights' research, the North America super absorbent polymer market was valued at US$ 1,944.31 million in 2022 and is projected to reach US$ 2,940.64 million by 2030, recording a CAGR of 5.3% from 2022 to 2030. Development of bio-based super absorbent polymer and strategic development initiatives by key market players are among the critical factors attributed to drive the North America super absorbent polymer market growth.

Super absorbent polymers have been used in diapers, personal care products, agriculture, and healthcare. Super absorbent polymers are derived from petroleum-based raw materials, contributing to environmental concerns and a reliance on non-renewable resources. In response to these challenges, researchers and companies are actively exploring and advancing the field of bio-based super absorbent polymers. Bio-based super absorbent polymers are derived from renewable resources such as plant starches, cellulose, or biomass. One promising technology involves the utilization of agricultural by-products or waste materials to create these polymers, reducing the environmental impact associated with their production. This shift toward bio-based alternatives aligns with the global commitment to reducing dependency on fossil fuels and mitigating the ecological footprint of various industries. Scientists are exploring various modification techniques and crosslinking agents to optimize the absorption capacity and gel strength of the bio-based super absorbent polymer. As research progresses and production methods improve, bio-based super absorbent polymers are poised to revolutionize various industries. The development of biodegradable personal care and hygiene products is boosting the demand for bio-based super absorbent polymers. In May 2023, KNH Enterprise developed a recyclable and eco-friendly sanitary napkin made from bamboo fibers. Rising demand for biodegradable products is prompting market players to invest in research related to bio-based materials. For instance, in 2022, Sanyo Chemical Industries launched the eco-friendly super absorbent polymer made using plant-based biomass. Therefore, the development of bio-based super absorbent polymer is expected to drive market growth during the forecast period.

On the contrastingly, volatility in raw materials prices hampers the growth of North America super absorbent polymer market.

Based on type, the North America super absorbent polymer market is categorized into polyacrylic acid, polyacrylamide, sodium polyacrylate, potassium polyacrylate, polysaccharides, and others. The sodium polyacrylate segment held 41.2% market share in 2022, amassing US$ 800.29 million. It is projected to garner US$ 1,277.19 million by 2030 to register 6.0% CAGR during 2022-2030.

In terms of category, the North America super absorbent polymer market is bifurcated into synthetic and biobased. The synthetic segment held 63.2% share of North America super absorbent polymer market in 2022, amassing US$ 1,227.90 million. It is anticipated to garner US$ 1,825.81 million by 2030 to expand at 5.1% CAGR during 2022-2030.

By application, the North America super absorbent polymer market is segmented into personal care, agriculture, healthcare, building & construction, and others. The personal care segment held 70.8% share of North America super absorbent polymer market in 2022, amassing US$ 1,376.00 million. It is projected to garner US$ 2,115.30 million by 2030 to expand at 5.8% CAGR from 2022 to 2030.

Based on country, the North America super absorbent polymer market is categorized into the US, Canada, and Mexico. Our regional analysis states that the US captured 83.9% share of North America super absorbent polymer market in 2022. It was assessed at US$ 1,631.48 million in 2022 and is likely to hit US$ 2,485.20 million by 2030, registering a CAGR of 5.4% during 2022-2030.

Key players operating in the North America super absorbent polymer market are Sanyo Chemical Industries Ltd; LG Chem, Ltd.; BASF SE; Sumitomo Seika Chemicals Co., Ltd.; Nippon Shokubai Co., Ltd.; Evonik Industries AG; Chase Corp; Songwon Industrial Co Ltd; and Satellite Chemical Co., Ltd., among others.

• In August 2022, Satellite Chemical Co., Ltd. announced the start of operation of the Lianyungang Petrochemical olefin comprehensive utilization project. The company has invested over CNY 33.5 billion in this project. Through this project, the company aims to generate sufficient raw materials that support the construction of new energy, new polymers, and functional chemicals.
  
  
• In July 2023, Sumitomo Seika Chemicals was awarded ISCC PLUS for their use of biomass-derived super absorbent polymer (SAP) in disposable diapers. This environmentally friendly material, primarily made from acrylic acid and caustic soda, contributes to reducing the environmental impact of disposable diapers. The company's commitment to sustainability and carbon reduction is commendable.
  
  

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