ASEAN Superabsorbent Polymers (SAP) Market Size (2024 - 2029)

The ASEAN Superabsorbent Polymers market is anticipated to experience growth driven by increasing demand in the female hygiene products sector and expanding applications in baby diapers. Despite challenges such as high raw material costs and disruptions from the COVID-19 pandemic, the market is poised for expansion, particularly with opportunities arising from heightened awareness of female hygiene in rural areas. The baby diapers segment holds the largest market share due to their superior liquid absorption capabilities, while Indonesia is projected to lead the market geographically.

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Market Size of ASEAN Superabsorbent Polymers (SAP) Industry

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

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
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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.

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ASEAN Superabsorbent Polymers (SAP) Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Increasing Demand from Female Hygiene Products Industry

      2. 1.1.2 Growing Application in Baby Diapers

    2. 1.2 Restraints

      1. 1.2.1 High Cost of Raw Material and the Availability of Raw Materials

      2. 1.2.2 Unfavorable Conditions Arising Due to COVID-19 Outbreak

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porters Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Consumers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION

    1. 2.1 Product Type

      1. 2.1.1 Polyacrylamide

      2. 2.1.2 Acrylic Acid-based

      3. 2.1.3 Other Product Types

    2. 2.2 Application

      1. 2.2.1 Baby Diapers

      2. 2.2.2 Adult Incontinence Products

      3. 2.2.3 Feminine Hygiene

      4. 2.2.4 Agricultural Support

      5. 2.2.5 Other Applications

    3. 2.3 Geography

      1. 2.3.1 Malaysia

      2. 2.3.2 Indonesia

      3. 2.3.3 Thailand

      4. 2.3.4 Singapore

      5. 2.3.5 Philippines

      6. 2.3.6 Vietnam

      7. 2.3.7 Rest of ASEAN Countries

ASEAN Superabsorbent Polymers (SAP) Market Size 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.

ASEAN Superabsorbent Polymers (SAP) Report Snapshots

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