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The global market for polyacrylic acid is anticipated to grow in the forecast period owing to the rising usage of superabsorbent polymers. The widespread use of polyacrylic acid in various end-use industries is aiding the market growth. The rising usage of the chemical in baby diapers, feminine hygiene products, and adult incontinence products due to its excellent water absorbing properties is expected to drive the market growth. The increased environment-related regulations and subsequent use of polyacrylic acid in wastewater treatment plants are expected to further propel the market growth.
The Lubrizol Corporation (NYSE: LZ), one of the key players in the market, has been continuously striving to provide cross-linked polyacrylic acid products for the home care sector. These polymers find their use as surface and floor cleaners. LG Electronics recently announced investment plans of over USD 400 million for the development of innovative membrane filtration systems, which, in turn, is expected to boost the usage of water-soluble polyacrylic acid. The widespread applications of the product in various end use industries, especially in developing regions, is expected to drive the market forward.
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The major players in the global polyacrylic acid market are Ashland Global Holdings Inc., Nippon Shokubai Co., Ltd., Dow Chemical Company, Kao Chemical Corporation, The Lubrizol Corporation, Maxwell Additives Pvt. Ltd., and Polysciences, Inc., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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