Polyacrylic Acid Market Size (2024 - 2029)

The polyacrylic acid market is anticipated to experience growth, driven by increasing demand from the personal care and water treatment sectors, as well as the expanding use of super-absorbent polymers. Despite challenges such as stringent regulations on chemically treated effluents and the availability of substitutes, the market's expansion is supported by the recovery of the manufacturing sector and research into nanocomposites. The Asia-Pacific region is projected to lead the global market due to its rising population and industrial growth.

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Market Size of Polyacrylic Acid Industry

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Polyacrylic Market - Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 5.00 %
Fastest Growing Market Asia-Pacific
Largest Market Asia-Pacific
Market Concentration High

Major Players

Polyacrylic Market - Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Polyacrylic Acid Market Analysis

The polyacrylic acid market is expected to register a CAGR of over 5% during the forecast period.

The economic slowdown caused by COVID-19 adversely affected the growth of the polyacrylic acid market. With the slowdown of the manufacturing sector, a considerable dip in demand for polyacrylic acid across personal care, water treatment, and agro-industries was observed. However, with the situation slowly improving and with the industrial manufacturing sector steadily recovering, demand for polyacrylic acid is expected to rise during the forecast period.

  • Increasing demand from the personal care and water treatment industries and the widening usage of super-absorbent polymers are expected to drive the demand for polyacrylic acid during the forecast period.
  • However, strict regulations associated with the discharge of chemically treated effluents and the easy availability of potential substitutes could hamper the demand for polyacrylic acid.
  • On the flip side, research on nanocomposites of polyacrylic acid could provide future opportunities for market growth.
  • With a rising population and growing industrial sector, the Asia-Pacific region is expected to dominate the global market for polyacrylic acid.

Polyacrylic Acid Industry Segmentation

Polyacrylic acid is a derivative of acrylic acid, which is readily soluble in aqueous solutions at neutral pH due to its hygroscopic nature. It is widely used as scale inhibitors, dispersants, and as superabsorbent polymers. 

The polyacrylic acid market is segmented by type, grade, application, end-user industry, and geography. By type, the market is segmented into co-polymer, homo-polymer, and terpolymer. By grade, the market is segmented into industrial, cosmetic, and pharmaceutical. By application, the market is segmented into thickeners, dispersing agents, conditioners and emulsifiers, anti-scaling, ion exchangers, and clarifying agents. By end-user industry, the market is segmented into water treatment, personal care, detergents, cleaners, and other end-user industries. The report covers market sizes and forecasts for 15 major countries across the region. For each segment, market sizing and forecasts have been done on the basis of value (USD million).

Type
Co-polymer
Homo-polymer
Ter-polymer
Grade
Industrial
Cosmetic
Pharmaceutical
Application
Thickeners
Dispersing Agents
Conditioners and Emulsifiers
Anti-Scaling
Ion-Exchangers
Clarifying agents
End-user Industry
Water Treatment
Personal Care
Detergents
Cleaners
Other End-user Industries
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
France
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle East and Africa
Saudi Arabia
South Africa
Rest of Middle East and Africa
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Polyacrylic Acid Market Size Summary

The polyacrylic acid market is poised for growth, driven by increasing demand from the personal care and water treatment industries, as well as the expanding use of super-absorbent polymers. Despite the initial setbacks caused by the COVID-19 pandemic, which led to a decline in demand across various sectors, the market is expected to recover as industrial manufacturing picks up. The Asia-Pacific region is anticipated to lead the global market, supported by a rising population and burgeoning industrial activities. However, the market faces challenges from stringent regulations on chemically treated effluents and the availability of substitutes. Nonetheless, advancements in nanocomposite research present potential growth opportunities.

The demand for polyacrylic acid is further bolstered by its applications in water conservation efforts, particularly in municipal and commercial water treatment projects. As water scarcity becomes a pressing global issue, the role of polyacrylic acid as an anti-scaling and clarifying agent in various water systems is becoming increasingly significant. The industrial sector's substantial water consumption and the push for water reuse, as evidenced by initiatives like the National Water Reuse Action Plan and the European Union's Water Reuse Regulation, are expected to drive market growth. Additionally, the personal care industry, with its rising demand for hygiene products, contributes to the strengthening demand for polyacrylic acid, particularly in the Asia-Pacific region. The market is characterized by consolidation, with major players like Arkema, BASF SE, Ashland, Dow, and Evonik Industries AG actively shaping its landscape through strategic acquisitions and partnerships.

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Polyacrylic Acid Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Growing Usage in Water Treatment Industry

      2. 1.1.2 Widening Usage of Superabsorbent-Polymers

    2. 1.2 Restraints

      1. 1.2.1 Stringent Environmental Regulations Associated with Treated Water

      2. 1.2.2 Easy Availability of Potential Substitutes

    3. 1.3 Industry Value-Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Buyers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION (Market Size in Value)

    1. 2.1 Type

      1. 2.1.1 Co-polymer

      2. 2.1.2 Homo-polymer

      3. 2.1.3 Ter-polymer

    2. 2.2 Grade

      1. 2.2.1 Industrial

      2. 2.2.2 Cosmetic

      3. 2.2.3 Pharmaceutical

    3. 2.3 Application

      1. 2.3.1 Thickeners

      2. 2.3.2 Dispersing Agents

      3. 2.3.3 Conditioners and Emulsifiers

      4. 2.3.4 Anti-Scaling

      5. 2.3.5 Ion-Exchangers

      6. 2.3.6 Clarifying agents

    4. 2.4 End-user Industry

      1. 2.4.1 Water Treatment

      2. 2.4.2 Personal Care

      3. 2.4.3 Detergents

      4. 2.4.4 Cleaners

      5. 2.4.5 Other End-user Industries

    5. 2.5 Geography

      1. 2.5.1 Asia-Pacific

        1. 2.5.1.1 China

        2. 2.5.1.2 India

        3. 2.5.1.3 Japan

        4. 2.5.1.4 South Korea

        5. 2.5.1.5 Rest of Asia-Pacific

      2. 2.5.2 North America

        1. 2.5.2.1 United States

        2. 2.5.2.2 Canada

        3. 2.5.2.3 Mexico

      3. 2.5.3 Europe

        1. 2.5.3.1 Germany

        2. 2.5.3.2 United Kingdom

        3. 2.5.3.3 Italy

        4. 2.5.3.4 France

        5. 2.5.3.5 Rest of Europe

      4. 2.5.4 South America

        1. 2.5.4.1 Brazil

        2. 2.5.4.2 Argentina

        3. 2.5.4.3 Rest of South America

      5. 2.5.5 Middle East and Africa

        1. 2.5.5.1 Saudi Arabia

        2. 2.5.5.2 South Africa

        3. 2.5.5.3 Rest of Middle East and Africa

Polyacrylic Acid Market Size FAQs

The Polyacrylic Acid Market is projected to register a CAGR of greater than 5% during the forecast period (2024-2029)

Arkema, BASF SE, Ashland, Dow and Evonik Industries AG are the major companies operating in the Polyacrylic Acid Market.

Polyacrylic Acid Report Snapshots

Polyacrylic Acid Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)