Market Overview:

Super absorbent polymers are a unique sort of polymer that can hold and assimilate water and other watery arrangements. The sponginess of super absorbent polymer (SAP) relies upon the cross-linkers utilized in the assembling of the gel. Low thickness cross connected super absorbent polymers has more absorbent limit. The amazing engrossing characteristics of discovers its direction into many end client ventures like individual consideration, building and development, food bundling and others. The developing development in the creating district all through the globe combined with the expanding request from the horticultural area are the significant driver adding to the market development.

The worldwide Super Absorbent Polymer Market can be divided based on type and end-client industry. Among the end client industry individual consideration is required to be the predominant section. The developing interest for super absorbent polymers in diapers, female cleanliness items, grown-up incontinence items and comparative application are fundamentally adding to the development of the section. Notwithstanding the, farming is required to be the quickest developing fragment during the gauge years.

Super absorbent polymer Market- Competitive Landscape:

The global super absorbent polymer Market is a highly lucrative market driven by flourishing demand for contruction, healthcare products along with the increasing use in the agricultural sector. NIPPON SHOKUBAI CO., LTD (Japan), SUMITOMO SEIKA CHEMICALS CO., LTD. (Japan), Yixing Danson Technology (China), BASF SE (Germany) among others are some of the major players operating in this market. Most of these market participants are adopting the expansion and product launch tactics to strengthen their production capacities and market position. Taking account of these trends, the global super absorbent polymer Market is projected to witness considerable competition over the forecast period of 2020-2023.

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Industry/ Innovation/ Related News:

30 May, 2017- Sumitomo Seika Chemicals co, Ltd, has decided to expand their super absorbent polymer production facilities in South Korea. They invested around 8 billion yen to increase their production capacity form 59000 ton per year to a total of 118000 tons a year. This expansion is expected to stable the supply of super absorbent polymer in Asia Pacific thereby adding to the market growth.

26 December, 2017- LG chem Ltd, is expected to increase their production capacity of acrylic acid and super absorbent polymer by the end of 2019. They South Korean company invested 300 billion dollar for the same. The production expansion is expected to increase the yield of super absorbent polymer form 100000 tons per year to 500000 tons per year. This expansion is anticipated to further surge the market of super absorbent polymers in the Asia Pacific region.



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