Polyacrylic AcidAbrasive Market to exceed US$ 3.34 billion by 2031

    Published on 30-Apr-2024
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    Report : Polyacrylic Acid Market Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Form (Powder and Liquid), Application (Dispersing Agent, Anti-Scaling Agent, Thickeners, Emulsifiers, Ion-Exchanger, and Others), and End-Use Industry (Water Treatment, Personal Care & Cosmetics, Detergents & Cleaners, Leather & Textiles, Pulp & Paper, Paints & Coatings, Ceramics, and Others)

    The scope of our recent study on the "Polyacrylic Acid Market Size and Forecast (2021-2031), Global and Regional Growth Opportunity Analysis -by Form, Application, and End-Use Industry" includes the factors fueling the market growth, revenue estimation, and forecast, market share analysis, and the identification of significant market players and their key developments.

    The polyacrylic acid market size is expected to grow from US$ 2.43 billion in 2023 to US$ 3.34 billion by 2031; it is estimated to register a CAGR of 4.1% from 2023 to 2031.

    Polyacrylic acid (PAA) is used in applications across various industries such as water treatment, personal care & cosmetics, detergents & cleaners, leather & textiles, pulp & paper, paints & coatings, and ceramics. Polyacrylic acid helps in modifying flow, improving the stability of aqueous colloids and gels, improving adhesion, and inducing agglomeration. It functions as a cross-linker and adhesion promoter in many formulated products, including adhesives, papers, varnishes, inks, paints, and coatings. Polyacrylic acid is highly used in biochemical and medical applications, including implant coatings and controlled drug release systems, due to its water solubility and biocompatibility properties.

    Based on form, the global polyacrylic acid market is segmented into powder and liquid. The liquid segment held the largest market share in 2023. Liquid PAA can be used without the need for additional dissolution steps. This saves time and effort in applications where rapid deployment is a primary objective. PAA in the form of white or off-white powder is available in varying particle sizes depending on the manufacturing process. It is hygroscopic and possesses high water solubility. The solubility of PAA is directly proportional to temperature changes. When dissolved in water, it forms a viscous solution with good dispersing and thickening properties. The powder form of PAA is commonly used as a flocculant and coagulant in water and wastewater treatment processes. Powder is easier to handle and transport compared to liquid solutions. It has a long shelf life and is less prone to spillage or leakage during storage and transportation. PAA powder can be easily dissolved in water to form solutions with desired concentrations, offering versatility in applications across various industries such as water treatment, personal care, and textiles.

    Based on application, the global polyacrylic acid market is segmented into dispersing agents, anti-scaling agents, thickeners, emulsifiers, ion exchangers, and others. The anti-scaling agent segment held the largest market share in 2023. Also, PAA is commonly used as a dispersing agent in various industries due to its ability to improve the dispersion of solid particles in liquid media. PAA is used to formulate paints and coatings to disperse pigments, fillers, and additives uniformly throughout the liquid medium. In the ceramics industry, PAA serves as a dispersing agent for ceramic powders such as alumina, silica, and zirconia. It helps prevent particle agglomeration during the preparation of ceramic slurries, resulting in homogeneous mixes. In pigment dispersions, it facilitates the uniform dispersion of pigment particles in the liquid phase, resulting in color stability and reduced sedimentation. PAA is used as a dispersing agent for dyes and pigments in the textile industry. It helps prevent dye aggregation and ensure dye absorption by fibers, resulting in improved fastness properties.

    Based on the end-use industry, the global polyacrylic acid market is segmented into water treatment, personal care & cosmetics, detergents & cleaners, leather & textiles, pulp & paper, paints & coatings, ceramics, and others. The water treatment segment held the largest market share in 2023. PAA is used as a thickening agent and emulsion stabilizer in several products, such as lotions, creams, and shampoos. Several researches reveal that polymers of acrylic acid cross-linked by a polyfunctional agent can be used in shampoo compositions. The rheology-modifying properties of PAA allow formulators to adjust the flow behavior and consistency of cosmetic formulations. The demand for PAA, particularly as a superabsorbent polymer, has grown in the personal care industry in recent years.

    The global polyacrylic acid market is segmented into five main regions-North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South & Central America. Asia Pacific held the largest revenue share of the global polyacrylic acid market in 2023. According to the International Trade Administration, in 2021, water treatment plants in China provided wastewater treatment services to 98.1% of municipalities and 28% of rural areas. In addition to industrial applications, polyacrylic acid finds extensive use in consumer products such as personal care items, detergents, and pharmaceuticals. Its properties as a stabilizer, thickener, and emulsifier make it indispensable in the formulation of cosmetics, household cleaners, and over-the-counter medications. The burgeoning middle-class population in China, with an increasing disposable income, has fueled the demand for such consumer goods, thereby driving the growth of the polyacrylic acid market. In Japan, one of the primary drivers of the market is the strong presence of the automotive industry. Polyacrylic acid is widely used in automotive coatings and adhesives due to its excellent adhesion properties, chemical resistance, and durability. The demand for lightweight and fuel-efficient vehicles has further boosted the use of polyacrylic acid-based materials in the automotive sector. According to the Japan Automobile Manufacturers Association, Japan's automotive industry is the world's third-largest sector, with 78 plants in 22 prefectures employing over 5.5 million people. Automotive manufacturers account for 89% of Japan's largest industrial sector (the transportation and machinery industries), and automotive components suppliers have become a significant part of the Japanese economy. Further, the manufacturing sector in South Korea is robust, particularly in industries such as electronics, automotive, and textiles. According to the International Trade Administration, the chemical industry in South Korea, which accounts for 14.3% of the country's manufacturing production and 17% of South Korea's exports, is divided mainly into specialty chemicals, petrochemicals, and plastics. Polyacrylic acid is widely used in these industries for applications such as coatings, adhesives, and superabsorbent polymers due to its excellent properties, such as adhesion, water absorption, and chemical resistance.

    Global Polyacrylic Acid Market Breakdown - by Region

    The report includes the segmentation of the polyacrylic acid market as follows:

    The report includes the segmentation of the polyacrylic acid market as follows: The global polyacrylic acid market is segmented on the basis of form, application, end-use industry, and geography. Based on form, the market is bifurcated into powder and liquid. By application, the market is divided into dispersing agent, anti-scaling agent, thickeners, emulsifiers, ion-exchanger, and others. Based on the end-use industry, the market is segmented into water treatment, personal care & cosmetics, detergents & cleaners, leather & textiles, pulp & paper, paints & coatings, ceramics, and others. The polyacrylic acid market scope is broadly segmented into North America (the US, Canada, and Mexico), Europe (Germany, France, the UK, Italy, Russia, and the Rest of Europe), Asia Pacific (China, India, Japan, Australia, South Korea, and the Rest of Asia Pacific), the Middle East & Africa (South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa), and South & Central America (Brazil, Argentina, and the Rest of South & Central America).




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