Fact.MR, a market research and competitive intelligence provider: Sales in the global medical superabsorbent polymers market are expected to surpass US$ 5.66 Bn by 2032, as per a detailed study published by Fact.MR.
Rising Scope of Application across Medical Waste Management, Enabling Medical Superabsorbent Polymers Sale to Exceed US$ 5.66 Bn by 2031
The latest study by Fact.MR conducted on the medical superabsorbent polymers market offers comprehensive insights into key factors driving growth. It also study the market across various segments in terms of product type, application, technology, and end user. The report offers detailed analysis of the scope for expansion in developed and developing markets through 2032.
Fact.MR, a market research and competitive intelligence provider: Sales in the global medical superabsorbent polymers market are expected to surpass US$ 5.66 Bn by 2032, as per a detailed study published by Fact.MR.
Rising application of medical superabsorbent polymers in wound care dressings for cleaning the injuries, absorbing excess fluids, and wrapping the wound is propelling the demand in the market.
Hence, growing demand for surgical tapes, emergency bandages, medical dressing materials, and others is anticipated to propel the demand in the market. On account of this, the market is estimated to account for 28.4% of the total superabsorbent polymers sales.
Increasing baby births across the globe have resulted in propelling the demand for baby hygiene products. According to Our World in Data, nearly 140 million baby births were reported worldwide. As medical superabsorbent polymers are extensively used in production of child diapers, nappies, and others, growing demand for baby products is expected to spur the sales at 6.8% CAGR over the forecast period 2022-2032.
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In addition, increasing awareness regarding hygiene is propelling the demand for female hygiene and adult incontinence products, which is in turn, facilitating the sales of medical superabsorbent polymers. This is estimated to augment the growth in the market by 1.9X through 2031.
Among the application verticals, the medical waste management segment is projected to account for a significant share in the market between 2022 and 2032. Increasing use to capture and immobilize liquid blood, infectious waste, and other bodily fluids during and post surgeries is augmenting the growth in the segment.
“Key manufacturers are focusing on research and development (R&D) activities for developing bio-based superabsorbent polymers comprising of renewable materials to meet the demand for petrochemical-based polymers alternatives. This is expected to bolster the growth in the market,” says a Fact.MR analyst.
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Key Takeaways from the Medical Superabsorbent Polymers Market Study
- The U.S. is forecast to register the fastest growth in North America market, assisting the region to account for 20.1% of the total sales in 2022.
- The U.K. is projected to hold a significant share in Europe market, favored by the surging demand for advanced wound care dressing products.
- China is expected to account for the dominant share in East Asia market, on the back of growing awareness regarding the use of female hygiene and adult incontinence products.
- Based on product type, the non-woven segment is anticipated to hold the maximum revenue share, accounting for nearly 64% of the overall sales in 2020.
- In terms of technology, the airlaid technology segment is projected to exhibit rapid growth in the market, holding more than 24% of the value share in 2020.
Key Drivers
- Increasing road accidents and burn incidence across China, Japan, and others are propelling the demand for efficient wound care solutions, which is in turn, favoring the growth in the East Asia market.
- Growing inclination towards using non-woven superabsorbent polymers, owing to their ability to hold more liquid and great absorption capacity compared to woven polymers is accelerating the sales across the non-woven segment.
Key Restraints
- Volatility in the cost of raw materials such as acrylic acids for manufacturing medical superabsorbent polymers is hampering the growth in the market.
- Implementation of stringent regulation towards declining the use of petrochemical-based polymers across the medical sector is restraining the growth in the market.
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Competitive Landscape
As per Fact.MR, top five companies in the global medical superabsorbent polymers are BASF SE, Evonik Industries, Nippon Shokubai Co. Ltd, LG Chem, and SDP Global Co. Ltd.
Key participants are aiming at adopting strategies such as bio-based product development and production capacity expansion to increase their market share. Besides this, manufacturers are also engaging into agreements, collaborations, merger, and acquisitions to expand their global footprint. For instance,
- In September 2019, Archer Daniels Midland Company, an American multinational company announced entering into a joint agreement with LG Chem Ltd., the largest Korean chemical company, to develop sustainable technology for medical superabsorbent polymers used in sanitary pads and diapers.
- In October 2018, Nippon Shokubai, a Japanese based chemical manufacturing company, announced expanding its production capacity of superabsorbent polymers in its manufacturing facility at Zwijndrecht, Netherlands. This has assisted the company to increase its capacity by 100,000 tons per year.
Some of the key players in the market profiled by Fact.MR are:
- BASF SE
- Evonik Industries
- Nippon Shokubai Co. Ltd
- LG Chem
- SDP Global Co. Ltd
- Sumitomo Seika Chemicals
- Songwon Industrial Co., Ltd.
- Gelok Inc.
- Lohmann & Rauscher
- KAO Corporation
- Others
More Valuable Insights on Medical Superabsorbent Polymers Market
Fact.MR, in its new report, offers an unbiased analysis of the global medical superabsorbent polymers market, analyzing forecast statistics through 2022 and beyond. The survey reveals growth projections on in medical superabsorbent polymers market with detailed segmentation:
- By Product Type
- Woven
- Non-Woven
- By Application
- Traditional wound care
- Advanced wound care
- Medical Waste Management
- Other Applications
- By Technology
- Airlaid
- Spunbond
- Meltblown
- Other Technology
- By End User
- Hospitals
- Clinics
- Ambulatory surgery center (ASCs)
- Other End Users
- By Region
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- Middle East & Africa
Key Questions Covered in the Medical Superabsorbent Polymers Market Report
- The market survey also highlights projected sales growth of the medical superabsorbent polymers market between 2022 and 2032
- The report offers insight into medical superabsorbent polymers demand outlook for 2022-2032
- Medical superabsorbent polymers market share analysis of the key companies within the industry and coverage of strategies such as mergers & acquisitions, collaborations or partnerships, and others
- Medical superabsorbent polymers market analysis identifies key growth drivers, restraints, and other forces impacting prevailing trends and evaluation of current market size and forecast and technological advancements within the industry
Fact.MR’s Domain Knowledge in Healthcare
Our healthcare consulting team guides organizations at each step of their business strategy by helping you understand how the latest influencers account for operational and strategic transformation in the healthcare sector. Our expertise in recognizing the challenges and trends impacting the global healthcare industry provides indispensable insights and support - encasing a strategic perspective that helps you identify critical issues and devise appropriate solutions.
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