Sodium Polyacrylate Market Insights
The Sodium Polyacrylate market is estimated to grow at a significant CAGR during the forecast period. Sodium polyacrylate is popularly known as waterlock due to its ability to absorb liquids much larger than it’s mass. The substance is a polymer of polyacrylic acid and finds applications in consumer products and the industrial sector as well. The market for sodium polyacrylate is driven by growing applications of the material in healthcare and petrochemistry.
However, inhalation and injestion of sodium polyacrylate can cause mild irritation to the eyes, skin and the respiratory tract. The substance can also be highly toxic in some cases. These factors are likely to hinder growth in the sodium polyacrylate market up to a certain extent.
Sodium Polyacrylate Market: By Product Insights
The Sodium Polyacrylate market can be segmented based on basis of product into liquid and solid sodium polyacrylate. The solid sodium polyacrylate segment is expected to hold the larger market share in terms of revenue during the forecast period. This can be attributed to the extensive use of solid or powdered sodium polyacrylate in medical and agricultural applications. Liquid sodium polyacrylate is used in coatings electrical wires to keep them waterproof.
Sodium Polyacrylate Market: By Application Insights
The Sodium Polyacrylate market can be classified into water treatment, food, medicine and petrochemistry among others. Sodium Polyacrylate is used as a thickening agent, water absorbent and water-repellent for industrial applications and consumer products. The medicine and petrochemistry segment is expected to hold a significant market share during the forecast period due to extensive applications of sodium polyacrylate in sanitary products and chemical-based materials. The water treatment and medicine segment is also expected to grow at a high CAGR due to the discovery of newer applications of the material in the coming years.
Sodium Polyacrylate Market: Regional Insights
Asia Pacific is expected to dominate the Sodium Polyacrylate market in terms of revenue during the forecast period. China is likely to be a significant contributor to revenue generated in the Asia Pacific region. This growth can be attributed to wide applications of the product in industries. Presence of large-scale electronic manufacturing industry in the region is likely to drive growth in the market. North America and Europe are expected to hold the second and third largest share in the sodium polyacrylate market during the forecast period.
Sodium Polyacrylate Market: End-Use Landscape
The end-use landscape entails a list of current and prospective consumers prevailing across the regions. This section provides company addresses, contact details, products, and regional presence of companies who are purchasing or are likely to purchase Sodium Polyacrylate over the coming years. Some companies which are currently using Sodium Polyacrylate and are likely to purchase it in future are PPG, AzkoNobel and RPM International Inc. among others.
Sodium Polyacrylate Market: Vendor Landscape
The report contains a chapter dedicated to vendors operating in the market, covering raw material manufactures, equipment developers, manufacturers, and distributors. The report provides these insights on a regional level. This section of the report entails contact details, experience, products manufactured/supplied, and geographical presence of companies.
Sodium Polyacrylate Market: Share & Competitor Analysis
Some of the key players operating in the Sodium Polyacrylate market are Arkema S.A., BASF SE, LG Chem, Formosa Plastics Co, Sumitomo Seika Chemicals, Lucite International, Kao Corporation, Incopack, DowDuPont, Evonik Industries AG, and Nippon Shokubai Co. among others
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