Global Medical Superabsorbent Polymers Market: Snapshot
The market for Superabsorbent polymers have the potential to retain aqueous solutions and high volume of water. For the purpose of absorbing high amount of liquids and exudates, superabsorbent polymers are Superabsorbent polymers are also anticipated to find application as one of the key raw materials for manufacturing several surgical and medical products which are made up of both woven and non-woven fabrics.
The global medical superabsorbent polymers market could rise to a revenue valuation of up to US$192.2 mn by 2020.
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Extensively Growing Medical Industry Puts Superabsorbent Polymers under Limelight
The world market for medical superabsorbent polymers is anticipated to be bolstered by the demand in a range of applications, including non-woven and woven fabrics, for wound dressing products. Products under the category of woven wound care could include gauzes and sponges whereas common nonwoven products could be surgical tapes, wound dressings, and bandages. Due to the increasing number of diseases and accidents, the demand for woven and non-woven fabrics is projected to elevate. However, superabsorbent polymers could also invite major applications such as healing patches, surgical pads, and drapes.
The world medical superabsorbent polymers market could be classified in terms of application, where the wound care segment could again be divided into advanced and traditional. The products of traditional wound care comprise sponges, medical tapes, and gauze dressings while that of advanced wound care include chronic wound dressings and burn wound dressings. The products of advanced wound care could be highly demanded by developing countries, which is predicted to be crucial for further growth in the market.
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According to end use analysis, the world medical superabsorbent polymers market is envisaged to find opportunities in the water treatment, packaging, agriculture, and medical sectors. The engagement of multitudinous advanced technologies in the manufacture of superabsorbent polymers-based products could uplift the market growth. For manufacturing non-woven fabrics, technologically sophisticated technologies or methods such as airlaid, meltblown, and spunbond could be used. The market demand for airlaid technology could be boosted on account of benefits such as biodegradability of crude materials, lower price, and sustainability. Other technologies forecasted to help develop the market size include wet-laid, laminate, and carded.
Europe and North America Surge Growth with Fairly Large Share
As per region, the international medical superabsorbent polymers market is prophesied to draw prospects from Asia Pacific, Europe, Africa, the Middle East, Latin America, and Australia. However, not all of these regions could equally contribute toward the growth of medical superabsorbent polymers.
In the recent past, Europe had secured a handsome share with regard to revenue in the international medical superabsorbent polymers market. Nonetheless, it is expected of North America to obtain a decent market share in the coming years while Asia Pacific to secure a faster growth over the course of the forecast period. New entrants looking to establish a commanding position in the market could rely on these three regions prognosticated to continue holding a dominating share until 2020.