Polymer Adsorbents and Adsorbents
July 28, 2008
Wellesley, Mass—According to a new technical market research report, POLYMER ADSORBENTS AND ADSORBENTS (PLS046A) from BCC Research (www.bccresearch.com), the global market for polymer sorbent technology was worth $3.8 billion in 2007. This is expected to increase to $4.2 billion in 2008, and by 2013 the market should be worth over $7.0 billion, a compound annual growth rate (CAGR) of 11.0%.
Consumption and revenue growth for polymer sorbents is being driven primarily by the utilization of these materials within the consumer/personal hygiene segment for manufacturing baby and toddler diapers, feminine napkins, and adult incontinence pads. In 2008 almost 72.0% of global revenues, corresponding to approximately $3.0 billion, will be generated by the consumer applications segment.
Applications for life sciences will represent the second largest segment in 2008, with total revenues of $555.0 million or13.3% of the total market.
By weight, a total of 1.45 million metric tons of polymer sorbents was produced in 2006, increasing to 1.53 million metric tons in 2007, and reaching an estimated 1.62 million metric tons by the end of 2008. This is expected to reach 1.97 million metric tons by the end of 2013, for a CAGR of 4.1%. Consumption is rising at a slower rate compared to revenues, as a result of continuous unit price increases for these materials due to higher prices for raw materials, which are petroleum based.
While unit prices for these products are estimated to continue rising during the next 5 years, primarily as a consequence of rising oil prices, consumption is projected to grow at a slower pace, due to various factors: an overall reduction in the growth of sales of personal hygiene products (in particular children’s diapers); the introduction of materials characterized by higher absorbency, which can be used in smaller quantities; and increasing market penetration of non-synthetic, biodegradable superabsorbent polymers.
Polymer Absorbents & Adsorbents, Including SAPs and Polymer Gels( PLS046A )
Publish Date: Jun 2008
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