In 2022, the worldwide polyacrylic acid market reached an estimated value of approximately USD 4 billion. Over the forecast period from 2023 to 2030, the market is anticipated to demonstrate a substantial compound annual growth rate (CAGR) of more than 5%. Several factors contribute to the market’s growth. The increasing demand for water treatment applications is one of the driving forces, as polyacrylic acid is utilized for scale inhibition, chelation, and dispersion. Furthermore, its biodegradability aligns with stringent environmental regulations, boosting its adoption. In the realm of personal care, it serves as a vital ingredient for thickening and stabilizing products, while various industries turn to it for its dispersing capabilities in coatings, paints, and adhesives.
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Market Trends:
- Rising demand from the water treatment industry: Polyacrylic acid is widely used in the water treatment industry as an anti-scaling agent, clarifying agent, and flocculant. The growing demand for clean water and the increasing investments in water treatment infrastructure are driving the demand for polyacrylic acid in this industry.
- Growing demand from the personal care and cosmetics industry: Polyacrylic acid is used in a variety of personal care and cosmetics products, such as shampoos, conditioners, lotions, and creams. It is used as a thickening agent, emulsifier, and stabilizer in these products. The growing demand for personal care and cosmetics products is driving the demand for polyacrylic acid in this industry.
- Increasing use in construction: Polyacrylic acid is used in construction as a water-reducing admixture, superplasticizer, and dispersant. It helps to improve the workability and strength of concrete. The growing construction industry is driving the demand for polyacrylic acid in this industry.
According to the recent report published by RC Market Analytics, the Global Polyacrylic Acid Market is expected to provide sustainable growth opportunities during the forecast period from 2023 to 2030. This latest industry research study analyzes the polyacrylic acid market by various product segments, applications, regions and countries while assessing regional performances of numerous leading market participants. The report offers a holistic view of the polyacrylic acid industry encompassing numerous stakeholders including raw material suppliers, providers, distributors, consumers and government agencies, among others. Furthermore, the report includes detailed quantitative and qualitative analysis of the global polyacrylic acid market considering market history, product development, regional dynamics, competitive landscape, and key success factors (KSFs) in the industry.
Browse Full report on Global Polyacrylic Acid Market Report
Geographically, the polyacrylic acid market report comprises dedicated sections centering on the regional market revenue and trends. The polyacrylic acid market has been segmented on the basis of geographic regions into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Polyacrylic acid market estimates have also been provided for the historical years 2020 & 2021 along with forecast for the period from 2023 – 2030. The report includes a deep-dive analysis of key countries including the U.S., Canada, the U.K., Germany, France, Italy, China, Japan, India, Australia, Mexico, Brazil and South Africa, among others. Thereby, the report identifies unique growth opportunities across the world based on trends occurring in various developed and developing economies.
The Polyacrylic Acid Market Segmentation:
By Type:
- CoPolymer
- HomoPolymer
- TerPolymer
By Grade:
- Industrial Grade
- Cosmetic Grade
- Pharmaceutical Grade
By Form:
- Liquid
- Powder
By Application:
- Thickeners
- Dispersing Agents
- Conditioners
- Emulsifiers
- Anti-Scaling
- Ion-Exchangers
- Clarifying Agents
- Others
By End-Use Industry:
- Wastewater Treatment
- Personal Care
- Detergents and Cleaners
- Others
By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Some of the prominent market players operating in the global polyacrylic acid market are BASF SE, Nippon Shokubai Co., Ltd., Evonik Industries AG, Kemira Oyj, SNF Group, Ashland Global Holdings Inc., Arkema S.A., Sanyo Chemical Industries, Ltd., LG Chem, and Dow Chemical Company.
Recent Development:
- In 2022, Lubrizol announced the launch of its new line of polyacrylic acid products for the water treatment market. These products are designed to improve the performance of water treatment systems by providing enhanced flocculation, clarification, and filtration properties.
- In 2021, Dow announced plans to expand its polyacrylic acid production capacity by 100,000 metric tons per year. This expansion is expected to be completed by 2024 and will help Dow meet the growing demand for polyacrylic acid in the global market.
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Key Questions Answered by Polyacrylic Acid Market Report:
- Product popularity and adoption based on various country-level dynamics
- Regional presence and product development for leading market participants
- Market forecasts and trend analysis based on ongoing investments and economic growth in key countries
- Competitive landscape based on revenue, product offerings, years of presence, number of employees and market concentration, among others
- Various industry models such as SWOT analysis, Pestle Analysis, Porter’s Five Force model, Value Chain Analysis pertaining to Polyacrylic Acid market
- Analysis of the key factors driving and restraining the growth of the global, regional and country-level markets from 2020-2027
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