Polyacrylic Acid Market Size To Reach $3.74 Billion By 2030

Polyacrylic Acid Market Growth & Trends

The global polyacrylic acid market size is estimated to reach USD 3.74 billion by 2030, expanding at a CAGR of 6.8% from 2024 to 2030, according to a new report by Grand View Research, Inc. Asia Pacific is the largest as well as the fastest growing consumer of the industry. China is projected to drive the product demand on account of rising consumer awareness regarding the multifunctional ingredients incorporated in laundry detergents and household cleaners.

Use of polyacrylic acid in superabsorbent polymers is expected to pave way for industry growth in China in the next couple of years. Furthermore, rising initiatives towards enhancing crop yield and optimum utilization of water resources in agricultural processing is anticipated to propel the usage of superabsorbent polymers in China, ultimately boosting the product consumption in the future.

In terms of volume, detergents & cleaners segment is expected to rise at a CAGR of 5.0% from 2017 to 2025. Rise in the consumption of liquid based laundry detergents in China is likely to propel the product demand over the next couple of years. Rise in the stringency of environmental protection laws coupled with significant capital expenditure on treating industrial water & wastewater is another growth driving factor.

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Polyacrylic Acid Market Report Highlights

• Detergents and cleaners are expected to boost over the forecast period owing to the heightened demand for efficient and eco-friendly cleaning products.

• Countries such as China, India, and Philippines have witnessed significant growth in their industrial sectors, leading to increased demand for polyacrylic acid in various applications, including water treatment, personal care, and construction.

• India is likely to witness fast paced growth in terms of product demand over the years ahead, in Asia Pacific. Superabsorbent polymers and detergent & cleaners sectors are expected to offer favorable scope for industry growth.

• Robust requirements for construction materials including coatings and composites as a result of significant infrastructure developments in China are estimated to be another important driver of industry growth.

• Backward integration of manufacturers is estimated to lower the bargaining power of suppliers over the years ahead. New entrants are expected to gain opportunities through establishing business operations in developing and emerging economies including India, Brazil, and South Africa.

• Companies are focusing on business growth by implementing various growth strategies such as forward and backward integration of business operations, expansion of production capacities, and distribution agreements.

• Prominent industry players such as Ashland, Inc., BASF SE, Arkema S.A. and Nippon Shokubai Co., Ltd. are targeting emerging applications including agriculture for use in soil conditioning and processing of soil mulches and adhesives sectors

Polyacrylic Acid Market Segmentation

Grand View Research has segmented the global polyacrylic acid market on the basis of application, and region:

Polyacrylic Acid Application Outlook (Revenue, USD Million, Volume in Kilotons, 2018 - 2030)

• Water & Wastewater Treatment

• Detergents & Cleaners

• Paints, Coatings, & Inks

• Superabsorbent Polymers

• Others

Polyacrylic Acid Regional Outlook (Revenue, USD Million, Volume in Kilotons, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • UK

  • Germany

  • France

  • Italy

  • Spain

  • Russia

  • Denmark

  • Sweden

  • Norway

• Asia Pacific

  • China

  • India

  • Japan

  • Australia

  • South Korea

  • Indonesia

  • Vietnam

• Latin America

  • Brazil

  • Argentina

• Middle East and Africa (MEA)

  • Saudi Arabia

  • South Africa

  • UAE

  • Kuwait

List of Key Players in Polyacrylic Acid Market

• BASF SE

• Dow

• The Lubrizol Corporation

• Arkema

• NIPPON SHOKUBAI CO., LTD.

• Evonik Industries AG

• Ashland

• Toagosei Co., LTD.

• SNF Group

• SUMITOMO SEIKA CHEMICALS CO., LTD.

• Kao Corporation

• LG Chem

• Merck KGaA

• Kemira

• Sanyo Chemical America Incorporated