Biodegradable Superabsorbent Materials Market Trends, 2024

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Biodegradable Superabsorbent Materials Market Share, Size,
Analysis, Growth, Trends and Forecasts to 2024 | Hexa
Research
The global biodegradable superabsorbent materials market is anticipated to reach
USD 190 million by 2024. Demand for adult incontinence products & disposable diapers is
said to boost the market during the forecast period (2016-2024). This product derives
much of its demand from agricultural applications. Moreover, the feminine hygiene
segment may provide unique opportunities for the global market over the next eight years.
A rapidly growing geriatric population is expected to impact the overall product demand in
the near future. In addition, this population segment is susceptible to various disorders,
such as glandular diseases and urinal incontinence. Such anomalies call for products with
high absorbing properties. Increasing population has threatened environmental
sustainability & food security by exerting immense pressures on the environment.
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Environmental damage and the paucity of space to dispose conventional materials impel
companies to adopt eco-friendly materials. These materials are designed to soak & retain
large quantities of liquids in relation to their own masses.
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Medical, personal disposable sanitary products, and agriculture are the key applications of
biodegradable superabsorbent materials. People these days are increasingly adopting
biodegradable products. This owes to heightened concerns regarding health risks related
to sanitary napkins and baby diapers.
The global biodegradable superabsorbent materials market is categorized as products,
applications, and regions. Products include polyitaconic acid, polyvinyl alcohol,
polysaccharides, and polyacrylamide. Polyvinyl alcohol led the global market in 2015. It
accounted for over 68% of the overall volume shares. Manufacturers are striving towards
developing biodegradable superabsorbent polymeric products. This is projected to widen
the application scope during the next eight years. Polyacrylamide and polyitaconic acid
may expand at CAGRs of over 9% and 8%, respectively; because of their high absorption
properties.
Based on applications, the global biodegradable superabsorbent materials market
comprises adult incontinence products, disposable diapers, medical, agriculture, and
female hygiene products. Disposable diapers dominated the overall industry in 2015 and
accounted for over 59% of total shares. This segment may register the fastest growth till
2024 owing to rapid population growth in China, India, Brazil, Indonesia, and other ASEAN
nations. Female hygiene & adult incontinence products are other important applications in
the industry. Awareness about hygiene could boost the demand for biodegradable
superabsorbent materials in the forthcoming years.
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Geographically, the global industry is segmented into Asia Pacific, North America, Europe,
Latin America, and the Middle East & Africa. Europe dominated the worldwide market in
2015 occupying over 33% of the total volumes. The Asia-Pacific region is projected to
experience major growth in terms of volume. This market could expand at a CAGR of over
10% from 2016 to 2024. China and India have been witnessing a remarkable increase in
their infant populations over the last one decade. This may augment market demand
during the forecast period. Similar demographic trends can also be observed in Latin
America.
Prominent companies in the biodegradable superabsorbent materials market are Itaconix
Corp.; Archer Daniels Midland Company; Exotech Bio Solutions Ltd.; Nuoer Chemical
Australia Pty Ltd.; and Amereq Inc. Product innovation mainly pertains to the development
of hygienic & ecological polymers. This will be a cornerstone for the growth of market
participants.
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The biodegradable superabsorbent materials market is projected to reach USD 190 million by the end of the forecast period (2016 to 2024).