December 03, 2014
Wellesley, Mass., December 01, 2014 –BCC Research (www.bccresearch.com) reveals in its new report, Absorbent and Adsorbent Materials: Global Markets, the demand for comfort and hygiene products in emerging economies is driving strong expansion in the market, with growth of $11.1 billion expected in 2019. Additionally, the rapidly advancing emerging economies, which are mainly China and India in terms of both economy and population, have significantly increased the demand for sorbents over the past five years.
With an increasing number of start-up and small companies in the Asia-Pacific region, outsourcing of sorbents is rising with new manufacturing facilities. The area is expected to grow at a five-year CAGR (2014 to 2019) of 7.5%, with sales of $4.1 billion by 2019. This will not be the case with the North American and European markets that are predicted to advance at lower rates of 5.7% CAGR during the forecast period.
“China accounts for about 20% of the overall diaper market in terms of volume growth,” says BCC Research analyst Aneesh Kumar. “Moreover, the seven emerging markets (China, India, Indonesia, Malaysia, Brazil, Turkey and Egypt) combined are anticipated to account for more than 60% of the surge of the global market for baby diapers and pants in terms of volume.”
This significant growth can be attributed to factors such as super absorbent polymers (SAPs) role in minimizing environmental waste and regulating the levels of chemicals in the air and water with applications in industries leading to higher efficiency.
Absorbent and Adsorbent Materials: Global Markets covers many different types of absorbent polymers and adsorbents used globally in various types of applications. The market is broken down by major type of sorbent, region, application and material type. The overall market for sorbents is also estimated by type, regional market and material type. Revenue forecasts from 2014 to 2019 are given for each major type of absorbent polymers and adsorbents, including their applications and regional markets.
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Absorbent and Adsorbent Materials: Global Markets( PLS046B )
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