Market Size of ASEAN Superabsorbent Polymers (SAP) Industry
| 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
*Disclaimer: Major Players sorted in no particular order |
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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 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 |
ASEAN Superabsorbent Polymers (SAP) Market Size Summary
The ASEAN Superabsorbent Polymers (SAP) market is poised for significant growth, driven primarily by the increasing demand from the female hygiene products industry and the expanding application in baby diapers. The ability of superabsorbent polymers to absorb and retain liquids, even under pressure, makes them a preferred choice in these applications, offering benefits such as improved hygiene, comfort, and leakage protection. Despite these positive trends, the market faces challenges, including high raw material costs and supply chain disruptions caused by the COVID-19 pandemic. However, the growing awareness of female hygiene in rural areas presents lucrative opportunities for market expansion.
Indonesia is expected to lead the market in the region, with a substantial portion of superabsorbent polymers being utilized in baby diapers and female hygiene products. The country's economic growth and the increasing awareness of hygiene among dual-income families are contributing to the rising demand for disposable baby diapers, thereby boosting the SAP market. Major players like Nippon Shokubai Co. Ltd and Chinafloc are key participants in the Indonesian market. However, the COVID-19 pandemic has imposed social restrictions, impacting the supply chain and potentially affecting the demand for superabsorbent polymers in the short to mid-term. The market is consolidated, with leading companies such as BASF SE, Evonik Industries AG, and SONGWON holding significant market shares.
ASEAN Superabsorbent Polymers (SAP) Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Drivers
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1.1.1 Increasing Demand from Female Hygiene Products Industry
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1.1.2 Growing Application in Baby Diapers
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1.2 Restraints
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1.2.1 High Cost of Raw Material and the Availability of Raw Materials
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1.2.2 Unfavorable Conditions Arising Due to COVID-19 Outbreak
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1.3 Industry Value Chain Analysis
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1.4 Porters Five Forces Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Consumers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products and Services
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1.4.5 Degree of Competition
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2. MARKET SEGMENTATION
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2.1 Product Type
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2.1.1 Polyacrylamide
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2.1.2 Acrylic Acid-based
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2.1.3 Other Product Types
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2.2 Application
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2.2.1 Baby Diapers
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2.2.2 Adult Incontinence Products
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2.2.3 Feminine Hygiene
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2.2.4 Agricultural Support
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2.2.5 Other Applications
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2.3 Geography
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2.3.1 Malaysia
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2.3.2 Indonesia
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2.3.3 Thailand
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2.3.4 Singapore
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2.3.5 Philippines
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2.3.6 Vietnam
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2.3.7 Rest of ASEAN Countries
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ASEAN Superabsorbent Polymers (SAP) Market Size FAQs
What is the current ASEAN Superabsorbent Polymers (SAP) Market size?
The ASEAN Superabsorbent Polymers (SAP) Market is projected to register a CAGR of greater than 5% during the forecast period (2024-2029)
Who are the key players in ASEAN Superabsorbent Polymers (SAP) Market?
BASF SE, Evonik Industries AG, Nippon Shokubai Co. Ltd , Chinafloc and SONGWON are the major companies operating in the ASEAN Superabsorbent Polymers (SAP) Market.
