Global Polyacrylic Acid Market Size Study & Forecast, By Type (Bio-Based, Synthetic), By Application (Thickeners, Dispersant, Scale Inhibitor, Emulsifiers, Binders, Others), By End-Use Industry (Construction, Paints and Coatings, Pulp and Paper, Adhesives

Global Polyacrylic Acid Market Size Study & Forecast, By Type (Bio-Based, Synthetic), By Application (Thickeners, Dispersant, Scale Inhibitor, Emulsifiers, Binders, Others), By End-Use Industry (Construction, Paints and Coatings, Pulp and Paper, Adhesives and Sealants, Water Treatment, Pharmaceuticals, Cosmetics, Others), and Regional Analysis, 2023-2030

Global Polyacrylic Acid Market is valued at approximately USD XX billion in 2022 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2023-2030. Polyacrylic acid, a polymer originating from acrylic acid, consists of interconnected acrylic acid units forming a chain-like structure. Renowned for its adaptability, it finds widespread utility across multiple sectors. Industries leverage its properties in adhesives, sealants, detergents, cleaning solutions, superabsorbent polymers, personal care items, coatings, paints, agriculture, oil and gas, as well as medical and pharmaceutical sectors. Moreover, the increasing demand for water treatment, rising demand for detergent and cleaner formulations, and widening usage of superabsorbent polymers are anticipated to create a lucrative demand for the market during the forecast period 2023-2030.

Additionally, polyacrylic acid is widely used in water treatment applications due to its effectiveness in scale inhibition, dispersion, and corrosion inhibition. With growing concerns over water quality and the need for effective treatment methods, the demand for polyacrylic acid in this sector is on the rise. According to Statista, in 2019, the industrial wastewater treatment industry in Asia Pacific, and North America was valued at USD 2.6 billion and 4.2 billion respectively and the industry is anticipated to reach USD 3.6 billion and 5.4 billion respectively by 2024. As a result, the growing wastewater treatment is projected to create a lucrative opportunity for the market during the forecast period 2023-2030. Moreover, the growing awareness of sustainable polymers and the expansion of industries requiring coatings and adhesives are anticipated to create a lucrative opportunity for the market. However, the availability of substitutes and stringent environmental regulations associated with treated water stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Polyacrylic Acid Market study include Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the increasing demand in water treatment, rising demand in the construction industry, increasing adoption in pharmaceutical applications, and continuous research and development efforts are leading to the development of improved formulations and applications of Polyacrylic Acid, expanding its utility in various industries. Whereas, the Asia Pacific is expected to grow with the fastest growth rate during the forecast period, owing to factors such as rapid industrialization, increasing concerns over water scarcity and pollution, expansion of industries such as textiles, pharmaceuticals, and personal care, and continuous investments in research and development.

Major market players included in this report are:
Sumitomo Seika Chemicals
BASF SE
Evonik Industries AG
Arkema S.A.
Dow Inc.
ACURO ORGANICS LIMITED
Maxwell Additives Pvt. Ltd.
Ashland Inc.
The Lubrizol Corporation
Nippon Shokubai Co. Ltd.

Recent Developments in the Market:
 In April 2023, Arkema launched innovative acrylic solutions designed to foster synergies within the coatings, adhesives, and advanced materials industries. Furthermore, the company provides a diverse portfolio of sustainable waterborne acrylic solutions tailored for high-capacity anodes, cathode primers, and ceramic-coated separators.

Global Polyacrylic Acid Market Report Scope:
 Historical Data – 2020 - 2021
 Base Year for Estimation – 2022
 Forecast period - 2023-2030
 Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
 Segments Covered - Type, Application, End-Use Industry, Region
 Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa

The objective of the study is to define the market sizes of different segments & countries in recent years and to forecast the values for the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters to detailed information about the crucial aspects such as driving factors & challenges that will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with a detailed analysis of the competitive landscape and product offerings of key players.

The detailed segments and sub-segment of the market are explained below:

By Type:
Bio-Based
Synthetic

By Application:
Thickeners
Dispersant
Scale Inhibitor
Emulsifiers
Binders
Others

By End-Use Industry:
Construction
Paints and Coatings
Pulp and Paper
Adhesives and Sealants
Water Treatment
Pharmaceuticals
Cosmetics
Others

By Region:

North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

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