Biodegradable Superabsorbent Materials Market Trends, Growth Analysis & Opportunities by 2023
Date: 2019-01-04   Author: Rahul Sankrityayan  Category: #news

Biodegradable Superabsorbent Materials Market Trends, Growth Analysis & Opportunities by 2023

Biodegradable Superabsorbent Materials Market growth is driven by rise in customer awareness towards use of environment friendly items owing to health & environmental concerns. Regulatory compliance to control industrial and municipal is also a key factor that drives the biodegradable superabsorbent materials market trend. 

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. Further, infant population rise and consumer affordability has stimulated the demand for diapers resulting in biodegradable superabsorbent materials industry trend growth. 

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Product Trends:

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. 

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Application Trends:

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. 

Regional Trends:

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. 

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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. 

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Rahul Sankrityayan

Rahul Sankrityayan

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for AlgosOnline, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experience in t...

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