Polyacrylic Acid Market Analysis
A polymer of acrylic acid, polyacrylic acid has a high molecular mass. The polymerization makes it of an acrylic ester of acrylonitrile, and then the product undergoes hydrolysis. When polyacrylic acid molecules are dissolved in water, they produce anionic or negatively charged polymers.
They can also absorb and retain water molecules. It is also used extensively in disposable diapers, detergents, paints, and other industries as an emulsifying and thickening agent.
According to MWR, Polyacrylic Acid Market was estimated by US$ 3.40 billion by 2021 and is projected to rise to USD 5.23 billion in 2029, with the market at a CAGR of 5.53 percent during the 2022-2029 forecast timeframe.
COVID-19 scenario analysis:
- The pandemic has caused a steep increase in hygiene awareness, detergent, and cleaner use in sewages and other areas. This has led to the rise in polyacrylic acid consumption in the detergents industry.
- Due to the economic slowdown resulting from the pandemic, the demand for cosmetics has dropped. It has hurt the global market for polyacrylic acid.
- The agricultural sector has been severely affected by the economic slowdown resulting from the pandemic. The agricultural industry has seen a drop in investment in super absorbents that can be used in soil.
Top Impacting Factors of Polyacrylic Acid Market: Market analysis, trends, and drivers, as well as impact analysis
The market has seen significant growth due to the increased demand for super absorbent plasticizers used in baby diapers and feminine hygiene products. Because of its high water solubility, polyacrylic acid can also be used to treat sewage. It prevents the formation of hydrates in oil and gas pipelines.
It is used extensively in detergents, cleaners, and pharmaceutical products, such as gels for skin care. Because of its super absorbent qualities, polyacrylic acid is used in agriculture to increase yield and optimize water usage. The market’s growth is limited by heavy capital investment and environmental effects.
Due to the high population density and the rapid growth of the pharmaceutical and personal care industries, the Asia-Pacific market for polyacrylic acids holds the largest share. Due to the rise in polyacrylic acid consumption in these regions, North America and Europe will likely experience steady growth.
The report’s key benefits are:
- This report presents an analytical picture of the market for polyacrylic acid, along with future forecasts and trends to help determine investment opportunities.
- This report provides information about key drivers, limitations, opportunities, and a detailed analysis of the market share for polyacrylic acid.
- To highlight the potential growth of this market, we have quantified the current demand from 2020 to 2027.
- Porter’s five forces analysis illustrates the power of buyers and suppliers in the market.
- This report gives a detailed analysis of competitive intensity and the future shape of a competition.
Answers to your questions in the market research report on polyacrylic acid:
- Which market players are the most prominent?
- What trends will be most influential on the market over the next few years and why?
- What are the market’s driving forces, limitations, and opportunities?
- What are projections available for the future to help with strategic planning?
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Key Market Segments
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Key Market Participants
- Ashland Inc.
- Arkema S.A.
- BASF SE
- Kemira Oyj
- Lubrizol Corporation
- Nippon Shokubai Co. Ltd.
- Dow Chemical Company
- Henan Qingshuiyuan Technology Co., Ltd.
- Aurora Chemicals
- Zouping Dongfang Chemical Co., Ltd.