Global Polyacrylic Acid Market Size, Share, Growth Analysis, By Application(Water Treatment, Detergents), By End-user(Pharmaceuticals, Textiles) - Industry Forecast 2024-2031

Report ID: SQMIG15A2353 | Region: Global | Published Date: April, 2024
Pages: 184 | Tables: 65 | Figures: 75

Global 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.

Global Polyacrylic Acid Market Report Snapshots

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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. '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)'

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.

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.

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.

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Global Polyacrylic Acid Market Size, Share, Growth Analysis, By Application(Water Treatment, Detergents), By End-user(Pharmaceuticals, Textiles) - Industry Forecast 2024-2031

Global Polyacrylic Acid Market Insights

Global Polyacrylic Acid Market Report Snapshots

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