Global Biodegradable Superabsorbent Materials Market Global Biodegradable Superabsorbent Materials Market was valued at US$ 1.2 Bn in 2017 and expected to grow at a CAGR of 10% in the forecast period.
Biodegradable superabsorbent materials market is segmented based on product, application and geography. By product segment, the market is segmented into polyvinyl alcohol (PVA), polysaccharides, polyitaconic acid and polypeptide. By applications, the market is segmented as disposable diapers, adult incontinence, feminine hygiene, agriculture and medical. Geographically, the biodegradable superabsorbent materials market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America.
Rise in environment consciousness accompanied by need to reduce dependency on conventional sources are expected to favor global biodegradable superabsorbent materials market size. China and Brazil are the major contributors with total increment of 10% other countries have witnessed 1-2% annual growth. Abundant starch availability as feedstock is likely to provide an advantage for polysaccharide superabsorbent polymer market growth. Growing need for optimum resource utilization due to increasing population growth accompanied by urge to manage the industrial waste has led polymers industry to adopt eco-friendly resources. As the consumption is increasing, it is essential to ensure proper waste disposal, which should drive biodegradable superabsorbent materials market size.
Global Biodegradable Superabsorbent Materials Market
Disposable diaper applications dominate the market in 2017. Rising infant population growth accompanied by increase in consumer disposable income are key factor driving disposable diapers demand.
In Europe, Germany biodegradable superabsorbent polymer market size, dominated the regional industry.
Increasing consumer awareness for eco-friendly products mainly driven regional demand. Consumers in Germany, UK and France are ready to pay premium prices for products derived from biomass sources and are non-toxic.
Akron Biotech, CryoLife, Collagen Solutions, Coloplast A/S, and NanoChem Solutions. The industry may witness mergers & acquisitions and joint ventures with biotech companies over the foreseeable period owing to exchange of technologies and product portfolio expansion.