Market Size of ASEAN Superabsorbent Polymers (SAP) Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 5.00 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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ASEAN Superabsorbent Polymers Market Analysis
The market for ASEAN Superabsorbent Polymers is expected to grow at a CAGR of over 5% during the forecast period. Major factors driving the market studied are increasing demand from female hygiene products industry and growing application in baby diapers. On the flipside, high cost of raw material and the availability of raw materials and unfavorable conditions arising due to COVID-19 outbreak, are the major restraints, which are expected to hinder the growth of market.
- Growing awareness about female hygiene in rural areas is expected to offer various lucrative opportunities for the growth of market.
- By application, baby diapers segment accounted for the largest share, due to their ability to absorb liquids and keep them trapped, even under pressure.
- By Geography, Indonesia is expected to dominate the market during the forecast period.
