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SAP prices sharply down in Mumbai market | |
SAP prices sharply down in Mumbai market 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.296/kg to Rs.290/kg, marking a significant Rs.6/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 ProducersKey Domestic Producers: Reliance Industries Ltd. (through JV imports/distribution), Sanyo Chemicals India, BASF India (limited scale). Major Global Producers: Evonik Industries AG – Germany Sumitomo Seika Chemicals – Japan, LG Chem – South Korea BASF SE – Global operations, 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, Indian SAP Prices, Indian Prices SAP, Indianpetrochem. #SAPpricesinindia #IndianSAPprices #IndianpricesSAP #Indianpetrochem https://indianpetrochem.com/sap-prices#SAPpricesinindia #IndianSAPprices #IndianpricesSAP #Indianpetrochem | |
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| Target State: All States Target City : Delhi, Ahamdabad and Mumbai Last Update : May 01, 2025 10:45 AM Number of Views: 7 | Item Owner : indianpetrochem Contact Email: Contact Phone: (None) |
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USNetAds > Business Opportunities > Marketing & Sales > Item ID 132768821
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2025-05-01 (0.582 sec)