$5190
$4152
The polyacrylic acid market was valued at US$ 2.43 billion in 2023 and is expected to reach US$ 3.34 billion by 2031; it is estimated to register a CAGR of 4.1% from 2023 to 2031.
Market Insights and Analyst View:
Polyacrylic acid is a synthetic, high-molecular-weight, and water-soluble polyelectrolyte. Polyacrylic acid is made by polymerizing acrylic acid. The polymerization is carried out in a solvent, such as water or mixtures of water and isopropanol. Market players offer polyacrylic acid in powder and liquid forms. The global polyacrylic acid market is highly competitive. Polyacrylic acid is used in various end-use industries such as water treatment, personal care & cosmetics, detergents & cleaners, leather & textiles, pulp & paper, paints & coatings, and ceramics. It is a versatile synthetic polymer with various industrial applications, including water treatment, personal care products, textiles, adhesives, paints and coatings, and pulp and paper. Further, the adoption of polyacrylic acids in the detergents & cleaners industry is expected to offer lucrative opportunities for the polyacrylic acid market growth during the forecast period.
Growth Drivers and Challenges:
The rising focus on water and wastewater treatment activities and upsurging demand from the pulp & paper industry contribute to the growing polyacrylic acid market size. Many European countries are progressing toward wastewater treatment targets and the protection of sensitive water systems. Data published by the European Environment Agency (EEA) in 2021 shows that ~90% of urban wastewater is collected and treated in accordance with the EU Waste Water Treatment Directive across the EU. Country analysis based on the implementation of EU rules on wastewater treatment shows that the EU member states are significantly applying the rules, and the compliance rate slightly increased between 2016 and 2018. The global paper & pulp industry is growing due to factors such as the expanding e-commerce sector, increasing demand for paper packaging products, and rising demand for eco-friendly packaging products. Countries in Europe, Asia, and North America such as the US, China, Germany, Japan, Finland, and Canada are major pulp and paper producers across the world. In Europe, paper production is concentrated in the northern European countries, including Finland, Russia, and Sweden. The expansion of the water treatment and pulp & paper industries drives the polyacrylic acid market growth.
The volatility in raw material prices can act as a deterrent for the polyacrylic acid market. Supply and demand gaps, natural disasters, political instability, currency fluctuations, and other factors can fluctuate raw materials’ prices. The volatility in raw material prices makes it difficult for manufacturers to plan and budget for their operations. Polyacrylic acid is of fossil origin. Acrylic acid is a major raw material in the production of polyacrylic acid. One of the major reasons impacting propylene prices is the global economic landscape. The propylene market is closely tied to the oil & gas industry, as propylene is mainly derived from the refining of crude oil or the cracking of natural gas liquids. Price hikes in petroleum products and other raw materials can restrain the profit margins on the products, posing a challenge to the market growth.
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Polyacrylic Acid Market: Strategic Insights
Market Size Value in US$ 2.43 billion in 2023 Market Size Value by US$ 3.34 billion by 2031 Growth rate CAGR of 4.1% from 2023 to 2031 Forecast Period 2023-2031 Base Year 2023
Shejal
Have a question?
Shejal will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Polyacrylic Acid Market: Strategic Insights
| Market Size Value in | US$ 2.43 billion in 2023 |
| Market Size Value by | US$ 3.34 billion by 2031 |
| Growth rate | CAGR of 4.1% from 2023 to 2031 |
| Forecast Period | 2023-2031 |
| Base Year | 2023 |
Shejal
Have a question?
Shejal will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
Report Segmentation and Scope:
The "Global Polyacrylic Acid Market Analysis and Forecast to 2031" is a specialized and in-depth study with a significant focus on global market trends and growth opportunities. The report aims to provide an overview of the market with detailed market segmentation by form, application, and end-use industry. The market has witnessed high growth in the recent past and is expected to continue this trend during the forecast period. The report provides key statistics on the consumption of polyacrylic acids globally. In addition, the global polyacrylic acid market report provides a qualitative assessment of various factors affecting the market performance globally. The report also includes a comprehensive analysis of the leading players in the market and their key strategic developments. Several analyses were conducted to identify the key driving factors, polyacrylic acid market trends, and lucrative opportunities that would, in turn, aid in identifying the major revenue pockets.
The polyacrylic acid market forecast is estimated on the basis of various secondary and primary research findings, such as key company publications, association data, and databases. Further, the ecosystem analysis and Porter's five forces analysis provide a 360-degree view of the market, which helps understand the entire supply chain and various factors affecting the market performance.
Segmental Analysis:
The global polyacrylic acid market is segmented on the basis of form, application, and end-use industry. Based on form, the market is bifurcated into powder and liquid. The liquid segment accounted for a significant polyacrylic acid market share in 2023. Handling liquid PAA solutions reduces the risk of dust exposure compared to powdered counterparts. Liquid readily mixes with water and other solvents, allowing quick and efficient solution preparation with precise concentration. Liquid solution is less prone to agglomeration or clumping than powder form, ensuring consistent product performance. However, powder is easier to handle and transport compared to liquid solutions. It has a long shelf life and is less prone to spillage or leakage during storage and transportation. PAA powder can be easily dissolved in water to form solutions with desired concentrations, offering versatility in applications across various industries such as water treatment, personal care, and textiles.
Based on application, the market is segmented into dispersing agents, anti-scaling agents, thickeners, emulsifiers, ion-exchanger, and others. The anti-scaling agent segment held a substantial polyacrylic acid market share in 2023. PAA inhibits the deposition of insoluble mineral salts onto a surface, thereby making it a significant chemical in water treatment, preventing deposit formation in various oil and gas applications and industrial cleaning. PAA is widely used in water treatment to prevent scale formation in water cooling systems, boilers, and reverse osmosis membranes. It is a cost-effective, environment-friendly solution to prevent and mitigate mineral scale formation.
Based on end-use industry, the polyacrylic acid market is segmented into water treatment, personal care and cosmetics, detergents and cleaners, leather and textiles, pulp and paper, paints and coatings, ceramics, and others. The water treatment segment accounted for a significant market share in 2023. PAA finds application as a clarifying agent, dispersing agent, and anti-scaling agent in membrane-based water treatment processes such as reverse osmosis and ultra-filtration. It aids in preventing membrane fouling and scaling by inhibiting the precipitation of sparingly soluble salts on membrane surfaces. In the past few years, several efforts have been made to study the utilization of PAA to eliminate undesirable compounds from water.
Regional Analysis:
The report provides a detailed overview of the market with respect to five major regions—North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South & Central America. In terms of revenue, Asia Pacific dominated the polyacrylic acid market and was valued at more than US$ 850 million in 2023. The Asia Pacific market, by country, is segmented into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. The demand for polyacrylic acid has been steadily increasing in the region as it is one of the most rapidly growing markets driven by significant industrialization and urbanization trends. The rise in demand can be attributed to its versatile applications across various industries, including personal care, paints & coatings, textile processing, and water treatment. All these factors boost the polyacrylic acid market in Asia Pacific.
The Europe polyacrylic acid market is expected to reach ~US$ 750 million by 2031. According to a report published by the Confederation of European Paper Industries in February 2024, the total production of pulp generated a total output of ~33 million tons, of which chemical pulp accounted for 79% of total pulp production in 2023. Polyacrylic acid copolymers are used as additives for surface sizing of linerboard and paper boards. Further, acrylic acid polymers and copolymers are used as hydrosoluble agents for dispersing agents, thickeners, flocculating agents, and copolymer emulsions for paints and papers.
Industry Developments and Future Opportunities:
Following are a few recent developments by major companies in the polyacrylic acid market, as per company press releases:
- In 2023, BASF SE announced the opening of the production complex at its Verbund site in Zhanjiang, China. The complex includes the production facility for butyl acrylate (BA), glacial acrylic acid (GAA), and 2-ethylhexyl acrylate (2-EHA). The company revealed its plan to stream by 2025, and the complex will have an annual production capacity of ∼400,000 metric tons of BA and 100,000 metric tons of 2-EHA.
In 2023, Nippon Shokubai Co Ltd inaugurated the acrylic acid facility with a production capacity of 100,000 MT/year in Cilegon, Banten, Indonesia. The total investment of the project is reported to be ∼US$ 200 million.
Competitive Landscape and Key Companies:
Arkema SA, Ashland Inc, BASF SE, Evonik Industries AG, Nippon Shokubai Co Ltd, Sumitomo Seika Chemicals Co Ltd, The Dow Chemical Co, The Lubrizol Corp, Shandong ThFine Chemical Co Ltd, and Glentham Life Sciences Limited are among the key players profiled in the polyacrylic acid market report. The global market players focus on providing high-quality products to fulfill customer demand.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Form, Application, and End-Use Industry
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
The polyacrylic acid market growth is attributed to the rising focus on water and wastewater treatment activities and the rising demand from the paper & pulp industry.
Asia Pacific is estimated to register the fastest CAGR in the global polyacrylic acid market over the forecast period. The increasing emphasis on environmental protection and stringent regulations concerning wastewater treatment has led to a rise in demand for polyacrylic acid-based flocculants and coagulants in the water treatment sector in Asia Pacific.
The anti-scaling agent segment held the largest share of the global polyacrylic acid market in 2023. PAA is widely used in water treatment to prevent scale formation in water cooling systems, boilers, and reverse osmosis membranes.
The liquid segment held the largest share in the global polyacrylic acid market in 2023. Liquid PAA solutions are homogeneous, ensuring consistent performance and application across different batches and conditions.
In 2023, Asia Pacific held the largest share of the global polyacrylic acid market. The demand for polyacrylic acid has been steadily increasing in Asia Pacific as it is one of the most rapidly growing markets driven by significant industrialization and urbanization trends.
Arkema SA, Ashland Inc, BASF SE, Evonik Industries AG, Nippon Shokubai Co Ltd, Sumitomo Seika Chemicals Co Ltd, The Dow Chemical Co, The Lubrizol Corp, Shandong ThFine Chemical Co Ltd, and Glentham Life Sciences Limited are among the key players profiled in the polyacrylic acid market report.
The List of Companies - Polyacrylic Acid Market
- Arkema SA
- Ashland Inc
- BASF SE
- Evonik Industries AG
- Nippon Shokubai Co Ltd
- Sumitomo Seika Chemicals Co Ltd
- The Dow Chemical Co
- The Lubrizol Corp
- Shandong ThFine Chemical Co Ltd
- Glentham Life Sciences Limited
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
Trends and growth analysis reports related to Polyacrylic Acid Market
Apr 2024
Polyacrylic Acid Market
Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Form (Powder and Liquid), Application (Dispersing Agent, Anti-Scaling Agent, Thickeners, Emulsifiers, Ion-Exchanger, and Others), and End-Use Industry (Water Treatment, Personal Care & Cosmetics, Detergents & Cleaners, Leather & Textiles, Pulp & Paper, Paints & Coatings, Ceramics, and Others)
Apr 2024
Construction Additives Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Type [Cement Additives, Concrete Admixtures (Precast Concrete and Ready-Mix Concrete), Paints and Coatings Additives, Adhesives and Sealants Additives, Plastic Additives, Bitumen Additives, and Others], and Application (Residential, Commercial, Infrastructure, and Others)
Apr 2024
Oil Pollution Remediation Materials Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Type [Physical Remediation (Booms, Skimmers, and Adsorbent Materials), Chemical Remediation (Dispersants and Solidifiers), Thermal Remediation, and Bioremediation]
Apr 2024
Greenhouse and Mulch Film Market
Size and Forecast (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Product Type (Greenhouse Films and Mulch Films), Material (LLDPE, LDPE, HDPE, EVA, PHA, PVC, PC, and Others), and Application (Vegetable Farming, Horticulture, Floriculture, and Others)
Apr 2024
Plastic for SLS 3D Printing Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Type (Polyamide, Thermoplastic Polyurethane (TPU), Polyether Ether Ketone (PEEK), and Others) and End-Use Industry (Healthcare, Aerospace & Defense, Automotive, Electronics, Others)
Apr 2024
Carbon Fiber-Based SMC BMC Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Resin Type (Polyester, Vinyl Ester, Epoxy, and Others) and End-Use Industry (Automotive, Aerospace, Electrical and Electronics, Building and Construction, and Others)