The volatility of raw material prices highly impact on the competitive landscape of the global superabsorbent polymer market. Leading producers, namely Nippon Shokubai Co. Ltd., Evonik Industries, Sumitomo Seika Chemicals Co. Ltd., LG Chem Ltd., Songwon Industrial Co. Ltd., and BASF SE have invested heavily in the production of raw materials used for these polymers in order to minimize their impact.
Looking forward, the emergence of bio-based superabsorbent polymers has presented a lucrative opportunity for the key manufacturers, says Transparency Market Research. The eco-friendly characteristic of these polymers is likely to boost its application in a number of industries such as agriculture, pharmaceuticals, and medical and healthcare, leading to their increased sales across the world.
Request PDF Brochure :https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=8968
Water Retaining Property of Superabsorbent Polymers Boosts their Application in Agriculture
The alarming rise in the global population has created a huge need for food. Hi-tech farming methods are yet to reach underdeveloped and emerging economies and the rapid depletion of arable land has already put farmers in a tight situation. On the top of it, the increase in global warming has been affecting the rains severely, causing draught-like situations in many parts of the world.
“As superabsorbent polymers, also known as slush powder, can absorb huge amounts of liquid, particularly water, their application in farming, in order to retain soil water, is increasing significantly,” says an analysts at TMR. Their adoption in agriculture has also been fueled by another significant property of them that is to enable crops to survive through the depletion of water in mountains, deserts, as well as dry lands up to 50% of the required amount.
Explore Transparency Market Research’s award-winning coverage of the global (Food & Beverages) Industry:
North America Emerged as Biggest Consumer of Superabsorbent Polymer Market Used for Agriculture
According to TMR, the global opportunity in superabsorbent polymer market for agriculture is expanding at a healthy CAGR of 6.80% during the period from 2015 to 2023. In 2014, superabsorbent polymer market stood at US$184.7 mn and is projected to worth US$327.4 mn by the end of forecast period 2023. In terms of volume, the application of superabsorbent polymers in agricultural practices is registering a CAGR of 5.90% over the forecast period.
Currently, North America is the leading consumer of superabsorbent polymers used for agriculture across the world. In 2014, it accounted for a share of nearly 30% in the global consumption of these polymers.
The study presented here is based on a report by Transparency Market Research (TMR) titled “Superabsorbent Polymer Market for Agriculture – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2015 – 2023.”
The global superabsorbent polymer market for agriculture is segmented into:
Superabsorbent Polymer Market for Agriculture: By Region
- North America
- Rest of North America
- Rest of Europe
- Asia Pacific (APAC)
- Rest of APAC
- Latin America (LATAM)
- Rest of LATAM
- Middle East and Africa (MEA)
- GCC Countries
- South Africa
- Rest of MEA
About AS :
Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.