USD 3.58 billion
Polyacrylic Acid Market Size, Share, Growth Analysis, By Application(Water Treatment, Detergents, Adhesives, Coatings), By End-user(Pharmaceuticals, Textiles, and Personal Care), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG15A2353 |
Region:
Global |
Published Date: April, 2024
Pages:
184
|Tables:
65
|Figures:
75
Polyacrylic Acid Market Insights
Global Polyacrylic Acid Market size was valued at USD 3.58 billion in 2022 and is poised to grow from USD 3.78 billion in 2023 to USD 5.81 billion by 2031, at a CAGR of 5.53% during the forecast period (2024-2031).
Polyacrylic acid is a synthetic polymer that is extensively used in a wide array of industries such as coatings, textiles, water treatment, adhesives, etc. Implementation of stringent water pollution mandates and the rising demand for wastewater treatment solutions are slated to influentially augment the global polyacrylic acid demand outlook over the coming years. Growing chemical manufacturing activity and high demand for eco-friendly chemicals are also slated to favor polyacrylic acid market growth over the coming years. The rising focus on the development of eco-friendly polyacrylic acid products is also estimated to act in favor of market players in the future. Product innovation and high R&D investments are slated to be critical to polyacrylic acid market growth going forward.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Water Treatment
Fastest Growth
Detergents and Cleaners
Growth Rate
5.53% CAGR
Global Polyacrylic Acid Market by region
Country Share for North America(%)
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Polyacrylic Acid Market Segmental Analysis
The global polyacrylic acid market is segmented into application, end-use industry, and region. In terms of application, the market is bifurcated into water treatment, detergents, adhesives, coatings, and more. On the basis of end-use industries, the market is segmented into pharmaceuticals, textiles, and personal care. On a regional level, the market is segmented into regions like North America, Europe, Latin America, Asia-Pacific, and the Middle East & Africa.
Analysis By Application
Water treatment accounts for a significant share of the global polyacrylic acid marketplace owing to rising demand for clean water on a global level. The imposition of stringent water pollution mandates is also slated to favor polyacrylic acid sales. The high use of polyacrylic acid as a water treatment agent influences market growth.
Growing construction activity around the world is slated to bolster the demand for polyacrylic acid for the making of coatings and adhesives. High investments in infrastructure development and growing demand for construction materials are also estimated to benefit polyacrylic acid sales going forward.
Analysis By End-user Industry
The pharmaceutical industry is projected to account for a notable polyacrylic acid demand over the coming years. Growing pharmaceutical manufacturing activity and rising demand for pharmaceuticals around the world are slated to contribute to polyacrylic acid market development in the long run.
Growing focus on hygiene is driving up the demand for industrial and household cleaning products, high use of polyacrylic acid in the formulation of cleaners and detergents is slated to boost market growth. The personal care industry is also estimated to uplift the demand for polyacrylic acid around the world as spending on personal care increases.
Global Polyacrylic Acid Market by End-user
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Polyacrylic Acid Market Regional Insights
Rapid industrialization and expanding economies have contributed to the high demand for polyacrylic acid in the Asia Pacific region over the coming years. Growing chemical manufacturing activity and the high use of polyacrylic acid in different industry verticals are also contributing to the high market share of this region. India, Japan, South Korea, and China are estimated to emerge as top markets for polyacrylic acid companies in this region going forward. Presence of strong industrial activity in North America also allows it to account for a substantial share of the global polyacrylic acid marketplace. High demand for superabsorbent polymers in North America is slated to boost polyacrylic acid market growth in the long run. The presence of key chemical manufacturing companies in the European region is also predicted to uplift shipments of polyacrylic acid in this region. Germany, France, and the United Kingdom are slated to emerge as the most investment-worthy markets in the European region across the forecast period.
Global Polyacrylic Acid Market by Region
- Largest
- Fastest
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Polyacrylic Acid Market Dynamics
Drivers
- Growing Demand in Water Treatment: Polyacrylic acid finds extensive use in water treatment applications as a dispersant, scale inhibitor, and flocculating agent, which is slated to primarily bolster market growth going forward. High demand for clean water around the world will create new opportunities for polyacrylic acid companies.
- Expanding Construction Industry: polyacrylic acid is also widely used in the construction industry as a plasticizer to improve the workability and strength of the concrete mixture. Rising construction activity around the world is slated to bolster demand for polyacrylic acid in the future,
- Rising Awareness of Hygiene and Healthcare: A high focus on hygiene around the world is forecasted to boost demand for adult incontinence and diapers. The high use of polyacrylic acid in the production of these hygiene and healthcare products is slated to bolster market growth over the coming years.
Restraints
- Volatility in Raw Material Prices: Fluctuations in the prices of raw materials and supply of the same can hurt the production of polyacrylic acid. polyacrylic acid manufacturers can face issues while maintaining polyacrylic acid pricing and even face losses in some cases.
- Environmental and Regulatory Constraints: The imposition of stringent environment conservation mandates around the world could push polyacrylic acid companies to opt for greener production methods with less carbon footprint which could incur additional costs for companies and hurt their profit margins.
- Competition from Alternative Products: Increasing availability of alternative products with competitive pricing and similar benefits is also a threat that could trouble polyacrylic acid suppliers over the coming years.
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Polyacrylic Acid Market Competitive Landscape
polyacrylic acid companies are focusing on expanding their business potential by expanding their polyacrylic acid product portfolio. Rising demand for wastewater treatment is a key trend that most companies should target to improve their business. polyacrylic acid companies will be focussing on optimizing their manufacturing process to reduce costs and impact the environment to comply with new regulations regarding sustainability. The cosmetics and personal care industry is also slated to offer highly attractive growth opportunities for polyacrylic acid suppliers in the long run. The development of eco-friendly polyacrylic acid formulations will be of the essence for polyacrylic acid vendors who want to succeed in the future. Collaborations, mergers, and partnerships are slated to be vital for the expansion of business for polyacrylic acid market players. Companies will also focus on acquisitions to expand their product portfolio and gain a competitive advantage over other market players. The imposition of strict regulatory mandates for chemical companies will prove to be a key challenge for polyacrylic acid companies in the future.
Top Player’s Company Profiles
- Johnson & Johnson (USA)
- Pfizer Inc. (USA)
- AstraZeneca plc (United Kingdom)
- Galderma S.A. (Switzerland)
- Perrigo Company plc (Ireland)
- Bausch Health Companies Inc. (Canada)
- Roche Holdings AG (Switzerland)
- Sanofi (France)
- Glenmark Pharmaceuticals (India)
- Merck & Co., Inc. (USA)
- Valeant Pharmaceuticals International, Inc. (Canada)
- AbbVie Inc. (USA)
- Novartis AG (Switzerland)
- Eli Lilly and Company (USA)
- GlaxoSmithKline plc (United Kingdom)
- Leo Pharma (Denmark)
- Allergan (Ireland)
- Mylan N.V. (USA)
- Sun Pharmaceutical Industries Ltd. (India)
- Dermira, Inc. (USA)
Recent Developments
- In December 2023, a pH/redox-responsive intelligent nanovehicle capable of changing size was developed for targeted delivery of the chemotherapy drug doxorubicin (DOX) in the tumor microenvironment. This innovative nanovehicle can respond to changes in pH and redox conditions, allowing for precise and controlled release of DOX specifically within the tumor cells.
- In August 2023, Lubrizol introduced a new rheology modifier that has been fine-tuned to enhance viscosity, maintain thermal stability over extended periods, and ensure excellent clarity. This modifier is designed to perform well in mild and sulfate-free surfactant formulations and in formulations with low levels of surfactants.
- In April 2023, The Dow Chemical Company acquired the polyacrylic acid business of Nippon Shokubai for $300 million. This acquisition will help Dow to expand its portfolio of polyacrylic acid products for use in a variety of applications, including water treatment, oil and gas, and construction.
Polyacrylic Acid Key Market Trends
- Increasing Demand in Water Treatment: The scarcity of usable water in different parts of the world is boosting demand for water treatment and excellent flocculating and dispersing properties of polyacrylic acid make it a popular chemical in water treatment applications. The increasing launch of new water treatment facilities and rising environmental concerns are slated to boost polyacrylic acid demand.
- Growing Demand in the Personal Care and Cosmetics Industry: The thickening, emulsifying, and stabilizing properties of polyacrylic acid make it a mainstay ingredient in the personal care and cosmetics industry. Growing demand for personal care products and cosmetics is slated to bolster polyacrylic acid market growth as well. High awareness regarding product quality among consumers also augments market development.
- Sustainability and Bio-Based Alternatives: High focus on sustainability on a global level is projected to bolster demand for bio-based chemicals and products. The eco-friendly nature of polyacrylic acid is slated to boost its demand outlook around the world. Moreover, polyacrylic acid manufacturers are projected to focus on exploring new production methods that have a lower carbon footprint.
Polyacrylic Acid Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Product types team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per Skyquest analysis, the global polyacrylic acid market is poised for promising growth in the coming years. Increasing demand for superabsorbent polymers in diapers, rising awareness of water treatment processes, and expanding applications in industries like pharmaceuticals and textiles are expected to drive market expansion. Additionally, advancements in polymer technology, eco-friendly formulations, and the growing emphasis on sustainable products are likely to further boost the polyacrylic acid market's prospects. Asia Pacific is projected to account for a sizeable share of global polyacrylic acid demand outlook over the coming years owing to rising industrialization. However, market growth may face challenges related to raw material availability and price fluctuations. High spending on hygiene and personal care will open up new avenues of opportunities for polyacrylic acid companies in the future.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 3.58 billion |
| Market size value in 2031 | USD 5.81 billion |
| Growth Rate | 5.53% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Polyacrylic Acid Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Polyacrylic Acid Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Polyacrylic Acid Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Polyacrylic Acid Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Polyacrylic Acid Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Polyacrylic Acid Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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