Market Size of Polyacrylic Acid Industry
| 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
*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.
