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ASEAN Superabsorbent Polymers (SAP) Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The market is segmented by Product Type (Polyacrylamide, Acrylic Acid-based, Other Product Types), Application (Baby Diapers, Adult Incontinence Products, Feminine Hygiene, Agricultural Support, and Other Applications), and Geography (Malaysia, Indonesia, Thailand, Singapore, Philippines, Vietnam, and Rest of ASEAN Countries)

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ASEAN Superabsorbent Polymers Market Size

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ASEAN Superabsorbent Polymers Market - Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 5.00 %
Market Concentration High

Major Players

ASEAN Superabsorbent Polymers (SAP) Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of ASEAN Superabsorbent Polymers (SAP) Market with other markets in Chemicals & Materials Industry

Plastics, Polymers, and Elastomers

Adhesives and Sealants

Commodity Chemicals

Water and Wastewater Treatment

Advanced Materials

Construction Chemicals and Materials

ASEAN Superabsorbent Polymers Market Analysis

The market for ASEAN Superabsorbent Polymers is expected to grow at a CAGR of over 5% during the forecast period. Major factors driving the market studied are increasing demand from female hygiene products industry and growing application in baby diapers. On the flipside, high cost of raw material and the availability of raw materials and unfavorable conditions arising due to COVID-19 outbreak, are the major restraints, which are expected to hinder the growth of market.

  • Growing awareness about female hygiene in rural areas is expected to offer various lucrative opportunities for the growth of market.
  • By application, baby diapers segment accounted for the largest share, due to their ability to absorb liquids and keep them trapped, even under pressure.
  • By Geography, Indonesia is expected to dominate the market during the forecast period.

ASEAN Superabsorbent Polymers Market Trends

This section covers the major market trends shaping the ASEAN Superabsorbent Polymers Market according to our research experts:

Growing Application in Baby Diapers

  • The popularity of disposable baby diapers has increased, with the introduction of superabsorbent polymers. Superabsorbent polymers are used in baby diapers, due to their ability to absorb liquids and keep them trapped, even under pressure.
  • Superabsorbent polymers used in baby diapers can absorb urine about 30 times their weight. The swollen gel holds the liquid in a solid and rubbery state and prevents the liquid from leaking onto the baby's skin and clothing. As a result, it provides convenience, comfort, exceptional protection form leakage, improved hygiene and skincare, compared to cloth diapers.
  • The per capita disposable income for parents to be consumers of disposable nappies/diapers/pants category is approximately USD 4,000 globally. Although most of the parents in Southeast Asia, except for Singapore and Malaysia, are below this level, especially in countries, such as Indonesia, the Philippines, and Malaysia.
  • The dual-income families are aware of hygiene and the affluent middle-class population is becoming increasingly conscious of baby hygiene. This is a major driver boosting the demand for disposable baby diaper in the Southeast Asian region. This factor, in turn, is boosting the demand for superabsorbent polymers.
  • With the potential demand for products related to baby hygiene, several major players are entering the Southeast Asian market. In 2019, Unicharm Corporation, a major manufacturer of baby diapers entered the Thai market by buying DSG International, a Thai-based maker of diapers and hygiene products.
  • However, the outbreak of COVID-19 resulted in social restrictions in several Southeast Asian countries. This has caused major hurdles in the supply chain of baby diapers in the region. This factor is expected to hamper the superabsorbent polymers market.
  • The aforementioned factors are expected to affect the demand for superabsorbent polymers in the Southeast Asian region during the forecast period.
ASEAN Superabsorbent Polymers Market Revenue Share

Indonesia to Dominate the Market

  • The Indonesian economy witnessed a significant growth in the past. According to the International Monetary Fund, the GDP growth rate of the country was 5% in 2019, and it is expected to reach 0.5% in 2020.
  • Majority of the superabsorbent polymers manufactured in the country are used in baby diapers and products related to female hygiene.
  • Some of the major players of the superabsorbent polymer market in the country include Nippon Shokubai Co. Ltd, Chinafloc, etc.
  • The baby diapers market witnessed a significant growth in the past decade. The revenue generated by the industry reached USD 1,332 million in 2019.
  • Additionally, the female hygiene products market witnessed a significant growth in the past. The revenue generated by this market reached USD 1,254 million in 2019.
  • The growing geriatric population of the country is expected to boost the demand for adult incontinence products. This factor, in turn, is expected to drive the demand for superabsorbent polymers in the country.
  • Indonesia is the second-worst affected country by COVID-19 in the Southeast Asian region, and as a result, the government enforced social restrictions in the country. This has negatively impacted the supply chain of diapers and other hygiene products in the county. This factor, in turn, is expected to affect the demand for superabsorbent polymers in the short/mid term.
  • The aforementioned factors are expected to affect the demand for superabsorbent polymers in Indonesia during the forecast period.
ASEAN Superabsorbent Polymers Market Revenue Share

ASEAN Superabsorbent Polymers Industry Overview

The ASEAN Superabsorbent Polymers Market is consolidated, with the top five players accounting for major share of the market. The key players in the market include, BASF SE, Evonik Industries AG, Nippon Shokubai Co. Ltd, Chinafloc, and SONGWON.

ASEAN Superabsorbent Polymers Market Leaders

  1. BASF SE

  2. Evonik Industries AG

  3. Nippon Shokubai Co. Ltd

  4. Chinafloc

  5. SONGWON

*Disclaimer: Major Players sorted in no particular order

Market Concentration - ASEAN Superabsorbent Polymers Market.png
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ASEAN Superabsorbent Polymers Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Increasing Demand from Female Hygiene Products Industry

      2. 4.1.2 Growing Application in Baby Diapers

    2. 4.2 Restraints

      1. 4.2.1 High Cost of Raw Material and the Availability of Raw Materials

      2. 4.2.2 Unfavorable Conditions Arising Due to COVID-19 Outbreak

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porters Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 Product Type

      1. 5.1.1 Polyacrylamide

      2. 5.1.2 Acrylic Acid-based

      3. 5.1.3 Other Product Types

    2. 5.2 Application

      1. 5.2.1 Baby Diapers

      2. 5.2.2 Adult Incontinence Products

      3. 5.2.3 Feminine Hygiene

      4. 5.2.4 Agricultural Support

      5. 5.2.5 Other Applications

    3. 5.3 Geography

      1. 5.3.1 Malaysia

      2. 5.3.2 Indonesia

      3. 5.3.3 Thailand

      4. 5.3.4 Singapore

      5. 5.3.5 Philippines

      6. 5.3.6 Vietnam

      7. 5.3.7 Rest of ASEAN Countries

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share (%)/Ranking Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Asia Resins Co. Ltd

      2. 6.4.2 BASF SE

      3. 6.4.3 Chinafloc

      4. 6.4.4 Evonik Industries AG

      5. 6.4.5 Kao Corporation

      6. 6.4.6 Nippon Shokubai Co. Ltd

      7. 6.4.7 Qingdao Soco New Material Co. Ltd

      8. 6.4.8 Sanyo Chemical Industries Ltd

      9. 6.4.9 SONGWON

    5. *List Not Exhaustive

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Growing Awareness About Female Hygiene in Rural Areas

    2. 7.2 Other Opportunities

**Subject to Availability
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ASEAN Superabsorbent Polymers Industry Segmentation

The ASEAN Superabsorbent Polymers market report includes:

Product Type
Polyacrylamide
Acrylic Acid-based
Other Product Types
Application
Baby Diapers
Adult Incontinence Products
Feminine Hygiene
Agricultural Support
Other Applications
Geography
Malaysia
Indonesia
Thailand
Singapore
Philippines
Vietnam
Rest of ASEAN Countries
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ASEAN Superabsorbent Polymers Market Research FAQs

The ASEAN Superabsorbent Polymers (SAP) Market is projected to register a CAGR of greater than 5% during the forecast period (2024-2029)

BASF SE, Evonik Industries AG, Nippon Shokubai Co. Ltd , Chinafloc and SONGWON are the major companies operating in the ASEAN Superabsorbent Polymers (SAP) Market.

The report covers the ASEAN Superabsorbent Polymers (SAP) Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the ASEAN Superabsorbent Polymers (SAP) Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

ASEAN Superabsorbent Polymers (SAP) Industry Report

Statistics for the 2024 ASEAN Superabsorbent Polymers (SAP) market share, size and revenue growth rate, created by Mordor Intelligenceā„¢ Industry Reports. ASEAN Superabsorbent Polymers (SAP) analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

ASEAN Superabsorbent Polymers (SAP) Report Snapshots

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ASEAN Superabsorbent Polymers (SAP) Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)