Global Polyacrylic Acid Market to Grow at a CAGR of 5.7% During 2024-2032, Driven by the Rising Usage of Superabsorbent Polymers

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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Market Analysis by Form, Type, Application, and Region:

• The market based on form can be divided into solid and powder.
• Based on type, the market can be divided into co-polymer, homo-polymer, and ter-polymer.
• Based on application, the market is segmented into water and wastewater treatment, detergents and cleaners, paints, coatings and inks, and superabsorbent polymers, among others.
• The regional markets for polyacrylic acid include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

• The polyacrylic acid industry is being driven by the increased usage of superabsorbent polymers.
• The rapidly growing end-use industries are contributing significantly to the market growth, especially in emerging countries.
• The superior water absorbing properties of polyacrylic acid is further boosting the market growth.
• The market is expected to witness further expansion in the coming years due to a huge increase in investments by manufacturers globally.

Key Offerings of the Report:

• The EMR report gives an overview of the global market for polyacrylic acid for the periods (2018-2023) and (2024-2032).
• The report also offers the historical (2018-2023) and forecast (2024-2032) markets for the forms, types, applications, and major regions of polyacrylic acid.
• It assesses the regional price trends for the (2018-2023) and (2024-2032) periods.
• The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

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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