Europe Super Absorbent Polymers (SAP) Market

Europe Super Absorbent Polymers (SAP) Market Size (2023-2028):

The Europe Super Absorbent Polymers (SAP) Market is foreseen to progress with a compound annual growth rate of 6.4% over the outlook period of 2023-2028, owing to the high demand and superior properties of these polymers.

Drivers and Restraints of Europe Super Absorbent Polymers (SAP) Market:

SAP is considered a special call polymer that comprises hydrophilic features, which is to absorb huge quantities of water, more than 100 times its own weight.
Rapid urbanization in developed economies of Europe is another reason for the rising call in the target market lately. Growth in the agriculture sector posts positive results in the European super absorbent polymers market. The price of raw material is volatile but biodegradability poses a challenge, the industry has come up with bio-based super absorbent polymers to tackle this issue.

An increase in investments in the development of bio-based absorbents is another contributing factor to increasing demand in the regional market. The rise in the geriatric population is also a prominent aspect of improving sales of superabsorbent polymers in Europe.

Super Absorbent Polymers (SAP) technique is extremely useful and is growing at a high rate but at the same time, it is more expensive than traditional polymers. This cost ineffectiveness is a major drawback of the industry. The industry also is expected to invest a lot into research and development to keep improving the quality of the polymers to meet the standard demands which are in line with the environmental regulations. High raw material costs and low availability are also anticipated to decline the revenue in the Europe super absorbent polymers market in the future.

SUPER ABSORBENT POLYMERS (SAP) MARKET REPORT COVERAGE:

Europe Super Absorbent Polymers (SAP) market has been segmented into the following categories:

On the basis of Type:

• Synthetic

• Natural

On the basis of the Application :

•  Personal Care

• Healthcare

• Agriculture & Horticulture

By type, the synthetic segment, especially sodium polyacrylate is foreseen to hold the most substantial share of the regional market in the outlook period. This is majorly due to its ability to absorb water 400-800 times its mass.  

During the coronavirus pandemic, personal care/ personal hygiene products have been highly purchased by consumers, increasing its market share in the Europe Super Absorbent Polymer industry. Factors such as a rise in birth rate and usage of sanitary napkins have improved the overall call for production in this area.

The consumer goods market has witnessed notable growth in Europe in the last few years. This is because more people are determined to purchase packaged goods amidst the COVID-19 pandemic. The packaging sector is estimated to expand in the coming years and as a result, Super Absorbent Polymers (SAP) industry has gained in terms of sales and revenue in recent years.

Geographical overview and regional presence:

• Germany

• Italy

• France

• United Kingdom

Europe is the second-largest market for the superabsorbent polymer industry, second only to the rapidly expanding Asia Pacific region. Germany is the largest producer of food products in Europe, which is credited to the rise in demand for organic food that has resulted in the implementation of super-absorbent polymers in the agricultural sector in the European nations.

Recent Developments:

• Archer Daniels Midland Company (ADM) signed a deal with LG Chemicals to generate sustainable technology for the adoption of superabsorbent polymers (SAP) in diapers.

• Kao Corporation was rewarded as the Most Honored Company in Institutional Investor 's ‘The 2021 All-Japan Executive Team’ ranking of Japanese companies which demonstrated superior performance in IR.

• In August 2021, BASF improved its R&D capabilities with the purchase of the polyamide business in Solvay. This broadened their existing portfolio

There are several players that are contributing to the European Super Absorbent Polymers (SAP) Market in recent years, some of the big names in this locale are:

1. BASF SE

2. Wanhua Chemical Group

3. Archer Daniels Midland Company

4. LG Chem

5. Kao Corporation

Impact of COVID-19 on the Europe Super Absorbent Polymers (SAP) Market:

COVID-19 has exposed severe challenges for the superabsorbent polymers market by impacting end-users like architecture, industries, and others. Major economies of Europe are affected due to the ongoing pandemic, however, the superabsorbent polymer market has grown in this period due to the people buying personal care products in bulk amidst the pandemic. The demand skyrocketed in this timeframe and people grew more aware of personal hygiene. In the agricultural sector, the demand decreases, and it is anticipated to recover after 2021.