Emergence of Bio-based Superabsorbent Polymers Presents Lucrative Opportunity for Key Manufacturers, says TMR
The volatility of raw material prices highly impact on the competitive landscape of the global superabsorbent polymer market . Leading producers, namely Nippon Shokubai Co. Ltd., Evonik Industries, Sumitomo Seika Chemicals Co. Ltd., LG Chem Ltd., Songwon Industrial Co. Ltd., and BASF SE have invested heavily in the production of raw materials used for these polymers in order to minimize their impact. Looking forward, the emergence of bio-based superabsorbent polymers has presented a lucrative opportunity for the key manufacturers, says Transparency Market Research. The eco-friendly characteristic of these polymers is likely to boost its application in a number of industries such as agriculture, pharmaceuticals, and medical and healthcare, leading to their increased sales across the world. Water Retaining Property of Superabsorbent Polymers Boosts their Application in Agriculture The alarming rise in the global population has created a huge need for food. H...