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

The Polyacrylic Acid Market is Segmented by Type (Co-polymer, Homo-polymer, and Ter-polymer), Grade (Industrial, Cosmetic, and Pharmaceutical), Application (Thickeners, Dispersing Agents, Conditioners and Emulsifiers, Anti-Scaling, Ion-Exchangers, Clarifying Agents), End-user Industry (Water Treatment, Personal Care, Detergents, Cleaners, and Other End-user Industries), and Geography (Asia-Pacific, North America, Europe, South America, and Middle East & Africa). The report offers market sizes and forecasts in value (USD million) for all the above segments.

Polyacrylic Acid Market Size

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Polyacrylic Market - Market Summary
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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 Market Trends

This section covers the major market trends shaping the Polyacrylic Acid Market according to our research experts:

Rising Demand From the Water Treatment Industry

  • The growing need for water conservation is expected to drive municipal and commercial water treatment projects in the future. Polyacrylic acid is primarily used as an anti-scaling agent in utilities such as cooling towers in industrial plants. It also finds application in water systems such as RO, evaporators in sugar industries, and desalination. In wastewater treatment, polyacrylic acid is also used as a clarifying agent for the removal of suspended solids.
  • According to UNICEF, half of the world's population could be living in areas with water scarcity by the year 2025. As of 2022, over four billion people could already be experiencing a shortage of water for one month every year. Taking this into assessment, collective efforts have been made to reduce water usage and improve the recyclability of water.
  • The industrial segment is one of the largest consumers of fresh water. According to the US EPA, as of 2022, industrial water use in the United States is estimated to be above 69 billion liters per day. With water conservation in focus, the National Water Reuse Action Plan (WRAP) was developed in collaboration with key players and partners across the water sector. In two years, WRAP accomplished the completion of five actions and 267 implementation milestones aimed at increasing water reuse across the country.
  • The European Union has announced the Water Reuse Regulation effective from June 26, 2023, in a bid to encourage water reuse across the EU region. According to the European Commission, every year, about 1 billion cubic meters of treated urban wastewater is reused, with the European Union estimating the actual potential to be close to 6 billion cubic meters.
  • Across the Asia-Pacific region, countries like China and India are actively planning and investing resources into recycling wastewater for agricultural, industrial, and domestic purposes, thereby developing strong opportunities for the water treatment industry across the region.
  • With growing opportunities for the water treatment industry and polyacrylic acid finding major applications in the water treatment industry, the demand for polyacrylic acid is expected to be strengthened during the forecast period.
Polyacrylic Acid Market, Revenue CAGR (%), by end user industry, Global, 2022-2027

Asia-Pacific Region Set to Lead the Global Polyacrylic Market

  • The rising population and growing industrial sector across the Asia-Pacific region are expected to favor the polyacrylic acid market. According to the IMF, the regional economic outlook looks promising for the Asia-Pacific region, with 6.5% growth recorded in 2021 and growth of 4% estimated for the year 2022.
  • Major economies like China and India are witnessing a strong surge in industrial activity across the region. For instance, China's manufacturing output grew by 26.04% in 2021 compared to 2020. The increasing pressure on industries to reduce water consumption will boost demand for industrial water treatment programs with the rise in industrial activity.
  • According to a report by NITI Aayog, the estimated wastewater generated in urban areas of India stands at 72,368 million liters per day (MLD), whereas rural areas generated wastewater at an estimated 39,604 MLD. The installed sewage treatment capacity is 31,841 MLD with an operational capacity of 26,869 MLD, which is not adequate to meet the present demand, with a gap of 79% remaining between installed capacity and actual load.
  • Similarly, according to ITA, China accounts for close to 21% of the total global population but only has access to approximately 6% of the world's freshwater reserves. With already over 10,000 water treatment facilities present across the country, China intends to further increase its sewage treatment capacity by over 20 million m3/day through multiple projects and investments between 2021-2025.
  • With most major economies taking due cognizance of the rising need for water recycling, the water treatment industry is expected to show strong and steady growth across the Asia-Pacific region.
  • Similarly, with the rising population and increasing awareness about personal hygiene, the demand for personal care products such as diapers, napkins, and other products is expected to increase. For instance, by 2050, the number of people aged around 60 is expected to reach 1.3 billion, indicating strong potential for a rise in incontinence products in the future.
  • The aforementioned factors indicate a strengthening demand for polyacrylic acid across the Asia-Pacific region, owing to the promising growth of the water treatment and personal care industry during the forecast period.
Polyacrylic Acid Market, Revenue CAGR (%), by geography, Global, 2022-2027

Polyacrylic Acid Industry Overview

The polyacrylic acid market is consolidated in nature. Some major players in the market include Arkema, BASF SE, Ashland, Dow, Evonik Industries AG, and other companies.

Polyacrylic Acid Market Leaders

  1. Arkema

  2. BASF SE

  3. Ashland

  4. Dow

  5. Evonik Industries AG

*Disclaimer: Major Players sorted in no particular order

Polyacrylic Acid Market Concentration
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Polyacrylic Acid Market News

  • December 2022: Nantong Jiangshan Agrochemical & Chemicals announced the acquisition of a 67% stake in Nantong Uniphos Chemicals, in a bid to ensure further expansion of the development of the phosphorus chemical industry chain thereby enhancing the overall competitiveness in the market. The scope of business includes polyacrylic acid, isopropenyl phosphonic acid, DTPMPA, and EDTMP, among others.
  • February 2021: Lygos, a biobased chemical firm, entered a joint venture with the synthetic polyaspartates manufacturer NanoChem Solutions to develop a process to prepare aspartic acid from sugar via fermentation.

Polyacrylic Acid Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Growing Usage in Water Treatment Industry

      2. 4.1.2 Widening Usage of Superabsorbent-Polymers

    2. 4.2 Restraints

      1. 4.2.1 Stringent Environmental Regulations Associated with Treated Water

      2. 4.2.2 Easy Availability of Potential Substitutes

    3. 4.3 Industry Value-Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Buyers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

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

    1. 5.1 Type

      1. 5.1.1 Co-polymer

      2. 5.1.2 Homo-polymer

      3. 5.1.3 Ter-polymer

    2. 5.2 Grade

      1. 5.2.1 Industrial

      2. 5.2.2 Cosmetic

      3. 5.2.3 Pharmaceutical

    3. 5.3 Application

      1. 5.3.1 Thickeners

      2. 5.3.2 Dispersing Agents

      3. 5.3.3 Conditioners and Emulsifiers

      4. 5.3.4 Anti-Scaling

      5. 5.3.5 Ion-Exchangers

      6. 5.3.6 Clarifying agents

    4. 5.4 End-user Industry

      1. 5.4.1 Water Treatment

      2. 5.4.2 Personal Care

      3. 5.4.3 Detergents

      4. 5.4.4 Cleaners

      5. 5.4.5 Other End-user Industries

    5. 5.5 Geography

      1. 5.5.1 Asia-Pacific

        1. 5.5.1.1 China

        2. 5.5.1.2 India

        3. 5.5.1.3 Japan

        4. 5.5.1.4 South Korea

        5. 5.5.1.5 Rest of Asia-Pacific

      2. 5.5.2 North America

        1. 5.5.2.1 United States

        2. 5.5.2.2 Canada

        3. 5.5.2.3 Mexico

      3. 5.5.3 Europe

        1. 5.5.3.1 Germany

        2. 5.5.3.2 United Kingdom

        3. 5.5.3.3 Italy

        4. 5.5.3.4 France

        5. 5.5.3.5 Rest of Europe

      4. 5.5.4 South America

        1. 5.5.4.1 Brazil

        2. 5.5.4.2 Argentina

        3. 5.5.4.3 Rest of South America

      5. 5.5.5 Middle East and Africa

        1. 5.5.5.1 Saudi Arabia

        2. 5.5.5.2 South Africa

        3. 5.5.5.3 Rest of Middle East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share (%)**/Ranking Analysis

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Acuro Organics Limited

      2. 6.4.2 Anhui Newman Fine Chemicals Co. Ltd

      3. 6.4.3 Arkema

      4. 6.4.4 Ashland

      5. 6.4.5 BASF SE

      6. 6.4.6 Chemtex Specialty Limited

      7. 6.4.7 Dow

      8. 6.4.8 Evonik Industries AG

      9. 6.4.9 Henan Qingshuiyuan Technology Co. Ltd

      10. 6.4.10 Kemira

      11. 6.4.11 Maxwell Additives Pvt. Ltd

      12. 6.4.12 MercK KGaA

      13. 6.4.13 MKS DevO

      14. 6.4.14 Nippon Shokubai Co. Ltd

      15. 6.4.15 Polysciences Inc.

      16. 6.4.16 Protex International

      17. 6.4.17 Sumitomo Seika Chemicals

      18. 6.4.18 The Lubrizol Corporation

      19. 6.4.19 Zouping Dongfang Chemical Co. Ltd

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Research and Development of Nanocomposites of Polyacrylic Acid

**Subject to Availability
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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 Research 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.

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the Asia-Pacific accounts for the largest market share in Polyacrylic Acid Market.

The report covers the Polyacrylic Acid Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Polyacrylic Acid Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Polyacrylic Acid Industry Report

Statistics for the 2024 Polyacrylic Acid market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Polyacrylic Acid analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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