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Report expects the market to reach $9.6 billion by the year 2023
January 2, 2018
By: Tara Olivo
The “Super Absorbent Polymer – Global Market Outlook (2017-2023)” report has been added to Research and Markets’ offering. The Global Super Absorbent Polymer Market accounted for $6.1 billion in 2016 and is expected to reach $9.6 billion by 2023 growing at a CAGR of 6.6% during the forecast period. Fluff-less diapers, aging population in emerging nations and rising need from Asia-Pacific, Middle East & Africa and Latin America are some drivers which are positively affecting the market. However, increases in the baby diaper market in the North American, Western European, and Japanese markets and availability of variable prices of raw material and fluctuation are hindering the market. By application, the agriculture segment is anticipated to lead the market across the globe due to increasing populace and rising need for food in emerging nations. By geography, Asia Pacific commanded the largest market share during the forecast period owing by the value among all the countries.
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