Global Polyacrylic Acid Market Overview
The Polyacrylic Acid Market Size was estimated at USD 1.77 Billion in 2022. The Polyacrylic Acid Industry is expected to grow from USD 1.84 Billion in 2023 to USD 2.5 Billion by 2032. exhibiting a compound annual growth rate CAGR of 3.49% during the forecast period 2024 - 2032.
Key Polyacrylic Acid Market Trends Highlighted
The Polyacrylic Acid market is experiencing significant growth, driven by its increasing demand in end-use industries such as water treatment, detergents, and adhesives. Water treatment applications are a major contributor to this growth due to the rising concerns about water pollution and the need for effective water purification methods. Polyacrylic Acid's ability to remove contaminants effectively makes it a preferred choice in water treatment processes.
Opportunities in the Polyacrylic Acid market lie in the exploration of new applications, especially in emerging sectors such as pharmaceuticals and personal care. The growing demand for environmentally friendly materials is also driving innovation in the development of bio-based polyacrylic acids. Key market trends include the shift towards sustainable and renewable sources, the development of advanced formulations with improved performance, and the expansion of applications in diverse industries. As industries seek efficient and cost-effective solutions, the Polyacrylic Acid market is poised for continued growth and expansion in the coming years.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Polyacrylic Acid Market Drivers
Growing Demand for Superabsorbent Polymers (SAPs)
Considering the use of superabsorbent polymers in various applications, such as diapers, adult incontinence products, and feminine hygiene products, their growing demand makes them the main driving force of the polyacrylic acid market. In fact, polyacrylic acid is the key raw material used for the production of SAPs. To this end, the growing demand for SAPs is expected to result in the growing demand for polyacrylic acid. The population of elderly people is increasing, the share of women working is growing, and the population is becoming more and more aware of SAPs.At the same time, SAPs are very absorbent, holding up to a thousand times their weight in water, making them the perfect material for use in diapers, adult incontinence products, and feminine hygiene products. According to the statistics provided by Market Insights, the SAP market is expected to increase from USD 10.2 billion in 2023 to USD 14.5 billion by 2032 at the Combinational Annual Growth Rate of 4.0%. The demand for SAPs in developing countries is expected to become the main driving force of the growing market.In such conditions, it is essential for polyacrylic acid producers to see the growing demand for SAPs as a major opportunity. In particular, they need to capitalize on this opportunity by increasing their production capacity and by developing new products.
Rising Demand for Polyacrylic Acid in Water Treatment
Polyacrylic acid is a type of polymer that can be used for various water treatment applications. One of the most common applications of polyacrylic acid is as a coagulant-flocculant in the process of water cleaning. Additionally, the polymer can be used for water softening and demineralization. As the demand for clean water is rapidly increasing, parallel to population growth and industrialization, the demand for polyacrylic acid for use in water treatment is expected to increase further.The water treatment chemicals market is forecast to grow from $200 billion in 2023 to $275 billion in 2032, and the projected CAGR is 4.0%. According to Statista, the growth of water treatment chemicals is expected to be driven by the growing demand for clean water in developing countries. Hypotheses: The growing demand for polyacrylic acid for water treatment applications opens an opportunity for the polyacrylic acid market.In the face of such an opportunity, polyacrylic acid producers may choose to either increase their production by actively searching for new consumers or developing new products or to change their overall product development and manufacturing strategies to better meet the demand for their products.
Increasing Use of Polyacrylic Acid in Oil and Gas Applications
Polyacrylic acid is getting used increasingly in oil and gas applications. It is used as a scale inhibitor, corrosion inhibitor, and drilling fluid additive. Polyacrylic acid is beneficial because it can prevent scale formation in oil and gas pipelines, which can reduce the flow rate and increase maintenance costs. It also forms the film on metal surfaces, which prevents corrosion. The demand for polyacrylic acid in oil and gas is expected to increase in the next five years.Oil and gas chemicals are expected to increase from USD 150 billion in 2023 to USD 200 billion in 2032, with a CAGR of 3.5% from 2023 to 2032. The increasing oil demand and improvement in developing countries’ demand for gas increase th. The growth of the oil and gas industry increases offshore oil and gas projects, and the use of EOR in the production of oil and gas are other driving forces of the market. The increased usage of polyacrylic acid in oil and gas is a major opportunity for the polyacrylic acid market.Producers of polyacrylic acid can develop new or innovative products and increase production capacity to capitalize on the opportunity to increase polyacrylic acid usage in oil and gas applications.
Polyacrylic Acid Market Segment Insights
Polyacrylic Acid Market Application Insights
Amid applications, water treatment is expected to develop at a high rate. The use of polyacrylic acid in water treatment applications is likely to be the primary driving factor of the segment. Their capability to expel sullies and upgrade the water quality is driving the item requests from metropolitan and mechanical areas. Detergents and Cleaners Utilization of the segment incorporate thickener, stabilizer, and dispersant. The segment offers a product that expels dirt and grime from different surfaces.Ongoing patterns in the application industry incorporate an expanding need for eco-friendly detergents and cleaning solutions. Buyer’s preference for eco-friendly cleaning products drives the segment growth. Textile Processing Polyacrylic acid is used in various stages in the material handling process, significantly in coloring and completing. An expansion in the adoption of material chemicals in enterprises is boosting the item request. They can introduce meshes, plain woven materials, non-woven materials, and others. The use of polyacrylic in this segment is expected to rise over the forecast period. Paper Manufacturing Retention Aid and Drainage Improver are the applications of the paper and manufacturing segment.It is highly demanded that improves paper quality by enhancing softness, thickness, printability, brightness, colorfastness, and wrinkle resistance. The segment gain rate from the Paper and Manufacturing segment is expected to increase in the forecast Personal Care Products. The application of the product is mainly in personal care products, such as hair care, skincare, and cosmetics. It acts as a thickener and stabilizer. The factor with high demand is the increasing customer need for personal care products. Thickener agents are employed across personal care products as customers prefer using products with natural products.Construction Chemicals Construction Chemicals is anticipated to grow extension at a range of goods available; therefore the propelling item segment progress. The usage of polyacrylic acid is high in construction types such as adhesives, sealants, and coatings. This section is expected to fuel the construction market from the application. Overall, the application segment water treatment is expected to rise at the highest CAGR during the forecast period as a multiplicity of application areas allows the market to rise utilizing PAA that has the accuracy to reduce impurities.The factor impacting this segment is the rise in population causing travelers, increasing industrial activity, and municipal activities that lead to increased effluent and sewage generation, requiring more sophisticated water treatment for recycled and treated wastewater to be made safe for discharge. Reference: Polyacrylic Acid (PAA) Market Size By Application (Water Treatment, Detergents Cleaners, Textile Processing, Paper Manufacturing, Personal Care, Construction Chemicals), Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share Forecast, 2021 – 2027.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Polyacrylic Acid Market Grade Insights
The Grade segment of the Polyacrylic Acid Market comprises Low Molecular Weight, Medium Molecular Weight, and High Molecular Weight. Among these, the Low Molecular Weight segment held the largest market share in 2023, accounting for around 45% of the Polyacrylic Acid Market revenue. The Low Molecular Weight segment is projected to maintain its dominance throughout the forecast period, owing to its wide applications in various industries, including water treatment, detergents, and personal care products. The Medium Molecular Weight segment is estimated to witness significant growth during the forecast period, owing to its increasing demand in the food and beverage industry as a thickener and stabilizer.The High Molecular Weight segment is expected to grow steadily, driven by its applications in oil and gas exploration, papermaking, and textile manufacturing. Overall, the Grade segment of the Polyacrylic Acid Market is expected to exhibit a steady growth rate during the forecast period, driven by the increasing demand from various end-use industries.
Polyacrylic Acid Market End User Insights
The Polyacrylic Acid Market Segmentation by End User comprises Municipal Water Treatment Plants, Industrial Water Treatment Facilities, Detergent Manufacturers, Cleaner Manufacturers, Textile Mills, Paper Mills, Personal Care Product Manufacturers, and Construction Companies. Municipal Water Treatment Plants segment held the largest market share in 2023. Polyacrylic acid is utilized as a coagulant in water treatment processes to remove impurities and enhance water quality. Due to rising concerns about water scarcity and stringent environmental regulations, the demand for effective water treatment solutions is increasing, driving the growth of this segment.Industrial Water Treatment Facilities also hold a significant market share due to the increasing need for water treatment in various industries such as power plants, chemical manufacturing, and food processing. Polyacrylic acid is used in these facilities to remove heavy metals, organic pollutants, and other contaminants. The detergent Manufacturers segment is expected to witness steady growth owing to the rising demand for eco-friendly detergents. Polyacrylic acid acts as a builder in detergents, enhancing their cleaning performance and reducing environmental impact.Additionally, the growing construction industry is expected to drive demand for polyacrylic acid in the Construction Companies segment, as it is used as a superplasticizer in concrete production, improving its workability and strength. Overall, the End User segmentation of the Polyacrylic Acid Market is expected to witness significant growth in the coming years, driven by factors such as increasing water treatment needs, rising demand for eco-friendly detergents, and expanding construction activities.
Polyacrylic Acid Market Distribution Channel Insights
The Polyacrylic Acid Market is segmented based on Distribution Channels into Direct Sales, Distributors, and Online Marketplaces. The Direct Sales segment accounted for the largest market share in 2023 and is projected to continue its dominance throughout the forecast period. This is due to the strong relationships that manufacturers have with their customers, which allows them to better understand their needs and provide tailored solutions. The Distributors segment is expected to grow at a steady pace during the forecast period, as they play a vital role in reaching a wider customer base.The Online Marketplaces segment is expected to witness significant growth in the coming years as more and more customers prefer to purchase products online. The growth of the Polyacrylic Acid Market is driven by increasing demand from various end-use industries such as water treatment, construction, and personal care. The market is also expected to benefit from the growing adoption of eco-friendly products, as Polyacrylic Acid is a biodegradable and non-toxic material.
Polyacrylic Acid Market Regional Insights
The Polyacrylic Acid Market is segmented into North America, Europe, APAC, South America, and MEA. Regionally, North America held the prominent share of the market in 2023 and is projected to maintain its dominance throughout the forecast period. The growth in the region is attributed to the increasing demand for polyacrylic acid in various industries, such as paint coatings, adhesives, and textiles. Europe is another significant market for polyacrylic acid, and it is estimated to witness steady growth during the forecast period. The region's demand for polyacrylic acid is driven by the presence of a large automotive industry, which uses polyacrylic acid in the production of paints and coatings.APAC is also expected to witness significant growth in the polyacrylic acid market, owing to the region's rapidly expanding construction and automotive industries. South America and MEA are relatively smaller markets for polyacrylic acid, but they are expected to witness moderate growth during the forecast period.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Polyacrylic Acid Market Key Players And Competitive Insights
The leading Polyacrylic Acid Market players are concentrating on increasing their production capacities and introducing new product lines. Leading players are also concentrating on investing in research and development to develop innovative applications of polyacrylic acid. The Polyacrylic Acid Market is estimated to have critical growth in the coming years owing to rising demand from various end-user industries such as water treatment, oil gas and personal care, among others. The competitive landscape of the Polyacrylic Acid Market is estimated to be fragmented, and key players are estimated to account for a majority of the market landslide.One of the key players in the Polyacrylic Acid Market is BASF SE. BASF is a leading chemical company, and it has a strong presence in the polyacrylic acid market. BASF offers a variety of polyacrylic acid products, which include homopolymers, copolymers and superabsorbent polymers. BASF serves a variety of industries, such as water treatment, oil gas and personal care, among others. BASF has a reach, and its extensive distribution network concentrates on aggregating production and developing new markets.Another key player in the Polyacrylic Acid Market is The Dow Chemical Company. The Dow Chemical Company is a leading chemical company, and it has a strong presence in the polyacrylic acid market. The product portfolio of the company comprises a wide range of spare and polyacrylic acid products. The spare and polyacrylic acid products include homopolymers, copolymers, and superabsorbent polymers. The Dow Chemical Company offers a wide range of polyacrylic products that are used in a variety of industries, such as water treatment, oil gas and personal care, among others.
Key Companies in the Polyacrylic Acid Market Include:
Polyacrylic Acid Market Industry Developments
The polyacrylic acid market is expected to reach USD 2.5 billion by 2032, exhibiting a CAGR of 3.49% during the forecast period. Rising demand for polyacrylic acid in water treatment applications, particularly in developing regions, is a key growth driver. The increasing use of polyacrylic acid in detergents and cleaning products, owing to its excellent dispersing and thickening properties, is further propelling market growth. Additionally, the growing adoption of polyacrylic acid in the textile industry for fiber treatment and sizing is contributing to the market's expansion. Recent developments include the launch of bio-based polyacrylic acid products by leading manufacturers, aligning with the growing demand for sustainable solutions. Furthermore, strategic partnerships and acquisitions among industry players are expected to shape the competitive landscape in the coming years.
Polyacrylic Acid Market Segmentation Insights
Polyacrylic Acid Market Application Outlook
-
Water Treatment
-
Detergents and Cleaners
-
Textile Processing
-
Paper Manufacturing
-
Personal Care Products
-
Construction Chemicals
Polyacrylic Acid Market Grade Outlook
-
Low Molecular Weight
-
Medium Molecular Weight
-
High Molecular Weight
Polyacrylic Acid Market End User Outlook
-
Municipal Water Treatment Plants
-
Industrial Water Treatment Facilities
-
Detergent Manufacturers
-
Cleaner Manufacturers
-
Textile Mills
-
Paper Mills
-
Personal Care Product Manufacturers
-
Construction Companies
Polyacrylic Acid Market Distribution Channel Outlook
-
Direct Sales
-
Distributors
-
Online Marketplaces
Polyacrylic Acid Market Regional Outlook
-
North America
-
Europe
-
South America
-
Asia Pacific
-
Middle East and Africa
| Report Attribute/Metric |
Details |
| Market Size 2022 |
1.77(USD Billion) |
| Market Size 2023 |
1.84(USD Billion) |
| Market Size 2032 |
2.5(USD Billion) |
| Compound Annual Growth Rate (CAGR) |
3.49% (2024 - 2032) |
| Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year |
2023 |
| Market Forecast Period |
2024 - 2032 |
| Historical Data |
2019 - 2023 |
| Market Forecast Units |
USD Billion |
| Key Companies Profiled |
Lanxess, SNF Group, Kemira, Kuraray, DIC Corporation, Clariant, Mitsubishi Chemical Corporation, Arkema S.A., The Dow Chemical Company, Nouryon, BASF, AkzoNobel N.V., Lubrizol Corp, Ashland, Evonik |
| Segments Covered |
Application, Grade, End User, Distribution Channel, Regional |
| Key Market Opportunities |
1 Growing demand for superabsorbent polymers in personal hygiene products2 Expanding applications in water treatment and purification3 Increasing use of construction chemicals4 Rising demand for polyacrylic acid in coatings and adhesives5 Potential for biobased polyacrylic acid production |
| Key Market Dynamics |
Increased demand for acrylic adhesivesRising use in water treatment applicationsGrowing adoption of personal care productsExpansion of wastewater treatment infrastructureStricter environmental regulations |
| Countries Covered |
North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The Polyacrylic Acid Market was valued at USD 1.84 billion in 2023 and is projected to reach USD 2.5 billion by 2032, exhibiting a CAGR of 3.49% during the forecast period
The Asia-Pacific region holds the largest market share due to increasing demand from end-use industries such as water treatment, construction, and paint coatings.
Major applications of Polyacrylic Acid include water treatment, detergents, oilfield chemicals, and personal care products.
Key players in the Polyacrylic Acid Market include BASF SE, Dow Chemical Company, Evonik Industries, and SNF Holding Company.
Rising demand from the water treatment industry, increasing use of detergents and personal care products, and growing construction activities are major factors driving the market growth.
Fluctuating raw material prices, stringent environmental regulations, and competition from alternative materials pose challenges to market growth.
The Polyacrylic Acid Market is projected to grow at a CAGR of 3.49% from 2023 to 2032.
Growing adoption of bio-based Polyacrylic Acid, increasing demand from emerging economies, and advancements in water treatment technologies are key trends shaping the market.
COVID-19 had a moderate impact on the Polyacrylic Acid Market due to disruptions in supply chains and manufacturing activities. However, the market is expected to recover in the post-pandemic period.
The Polyacrylic Acid Market is poised for steady growth in the coming years, driven by increasing demand from various industries and advancements in technology
