Global SAP Market is Projected to Reach USD 7.96 Billion by 2020

Date: 2015-12-14

“The usage of the thinner diapers is driving the consumption Sap market“  
The global SAP market is projected to reach USD 7.96 billion by 2020, registering a CAGR of 7.6% between 2015 and 2020. Growing technological advancement globally is one of the key reasons for the growth of the SAP market. The already established personal care market in the developed nations also hinders the growth of this market. Asia-Pacific accounts for almost more than half of the global SAP market owing to the rising investments by foreign companies, growing production facilities, and rise in living standards of people.

“Personal Care, the major market for SAP
Personal care is the major application for the SAP market.  Super Absorbent Polymers (SAPs) are primarily used as absorbents for water and aqueous solutions in diapers, adult incontinence products, feminine hygiene products, and similar applications. The market for diaper is the largest end application for super absorbent polymer and hence driving the demand of the polymer in the recent years

“Agriculture, the fastest-growing market for SAP”
The agricultural industry is the biggest market for SAP .The use of super absorbent polymers (SAP) is an established water conservation technique in agriculture and is widely used in different parts of the world. The growing population and increased demand for food in developing nations are the key factors driving the demand for the SAP market in agriculture application. The important application areas of agricultural SAP can broadly be categorized into gardening, horticulture, forestry, lawns, play grounds, and golf-course.

The report also provides company profiles and competitive strategies adopted by the major market players, such as BASF SE (Germany), Nippon Shokubai Co. Ltd (Japan), and Evonik Industries AG.(Germany) among others.

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