Global Biodegradable Superabsorbent Materials Market size was over 52 kilo tons for 2015 registering CAGR of more than 6.1% by 2023. Increase in environmental awareness along with requirement to minimize dependency on traditional sources is the driving factor predicted to favour industry expansion.
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Further, infant population rise and consumer affordability has stimulated the demand for diapers resulting in biodegradable superabsorbent materials industry trend growth. Rise in customer awareness towards use of environment friendly items owing to health & environmental concerns are the driving factors pushing the industry growth. Regulatory compliance to control industrial and municipal is also a key factor that drives the biodegradable superabsorbent materials market trend.
U.S. Biodegradable Superabsorbent Materials Market size, by application, 2012-2023 (Tons)
Polyvinyl alcohol led the product segment and was evaluated at more than $82.1 million for 2015. It is extensively used due to its water solubility property and biodegradation by enzymes as well as microorganisms. All these factors have contributed to the growth of the segment.
Polysaccharides are predicted to experience optimum gains at greater than 9% CAGR by 2023. Growing ecological issues about petroleum extracted product degradability that includes polyacrylamide and polyacrylic acid is predicted to promote biodegradable superabsorbent materials market size expansion. Further, large scale availability of polysaccharides like cellulose, starch, chitin and natural gums is yet another factor driving the demand for this product.
Browse key industry insights spread across 170 pages with 184 market data tables & 14 figures from the report, “Biodegradable Superabsorbent Materials Market Size By Product (Polyvinyl Alcohol (PVA), Polysaccharides, Polyitaconic acid, Polypeptide), By Application (Disposable diapers, Adult Incontinence, Feminine hygiene, Agriculture, Medical), Industry Analysis Report, Regional Outlook (U.S., Germany, UK, China, India), Application Potential, Price Trend, Competitive Market Share & Forecast, 2016 – 2023”, please click on the link below:
Disposable diaper application was evaluated at $79 million for 2015. Growing infant population rate along with rise in customer disposable income is the key driving factor promoting the demand for disposable diapers. Agriculture application is predicted to expand substantially at more than 7% by 2023. Presence of many dry regions and limited water supply are the key factors contributing to the biodegradable superabsorbent materials industry expansion in this segment.High absorbency rate and water retention are the main features penetrating the product demand for medical applications.
Europe dominated the global industry by contributing more than $48 million for 2015. Germany contributed maximum to biodegradable superabsorbent materials market size of the region. Further, growing customer consciousness for environment friendly products in UK, Germany and France has driven the demand for the biodegradable superabsorbent materials in the region.
APAC is predicted to experience highest industry growth during the forecast period and will register more than 6.5% CAGR by 2023. China who had led the industry demand is predicted to record more than $25 million by 2023. Rise in pool of population along with rise in customer purchasing capacity is the key factor promoting the industry growth in the region.
Key industry players profiled in the report include:
• Weyerhaeuser Company
• Exotech Bio Solutions Limited
• JRM Chemicals
• AMEREQ Incorporation
• Itaconix Corporation
• Collagen Solutions
• CP Kelco
• NanoChem Solutions
The biodegradable superabsorbent materials market can experience strategic alliances, partnerships, collaborations and joint ventures with biotech firms during the forecast period due to portfolio expansion and technology exchange.
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