Sharp cut in Mumbai SAP prices (Business Opportunities - Marketing & Sales)
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Item ID 3153422 in Category: Business Opportunities - Marketing & Sales
Sharp cut in Mumbai SAP prices | |
The Mumbai market witnessed a sharp decline in Superabsorbent Polymer (SAP) prices today, reflecting an ongoing supply glut and weak demand from key downstream sectors According to Indian Petrochem analysts, SAP prices fell from Rs.300/kg to Rs.296/kg, marking a significant Rs.4/kg reduction in a single day. The decline is primarily driven by low offtake from hygiene product manufacturers and reduced demand in chemical formulation applications, coupled with ample availability in the domestic supply chain.Domestic and Global Producers Key Domestic Producers: Reliance Industries Ltd. (through JV imports/distribution), Sanyo Chemicals IndiaBASF India (limited and cale). Major Global Producers: Evonik Industries AG – Germany, Sumitomo Seika Chemicals – Japan, LG Chem – South Korea, BASF SE – Global operationsand Nippon Shokubai – Japan. India largely depends on imports of SAP for high-quality hygiene-grade materials, especially from South Korea, Japan, and Germany. Market Outlook & CAGR. The global Superabsorbent Polymer market was valued at USD 9.8 billion in 2023 and is projected to grow at a CAGR of 5.4% from 2024 to 2029, driven by rising hygiene awareness, growing populations, and expanding healthcare sectors in Asia-Pacific and Africa. However, in the Indian domestic market, current demand has been relatively muted, especially from nonwoven and chemical processing sectors, due to cost sensitivities and inventory holding limits, SAP Prices In India, SAP Prices In India, Indian Prices SAP, Indianpetrochem. #SAPpricesinindia #SAPpricesinindia #IndianpricesSAP #Indianpetrochem. | |
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| Target State: All States Target City : Delhi, Ahamdabad and Mumbai Last Update : 28 April 2025 8:39 PM Number of Views: 4 | Item Owner : indianpetrochem Contact Email: Contact Phone: (None) |
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2025-04-29 (0.618 sec)