The polyacrylic acid global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Polyacrylic Acid Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The polyacrylic acid market size has grown strongly in recent years. It will grow from $3.34 billion in 2023 to $3.56 billion in 2024 at a compound annual growth rate (CAGR) of 6.5%. The growth in the historic period can be attributed to increasing demand in personal care products, expansion of polyacrylic acid applications, rising disposable incomes, growth in adhesives and sealants, and regulatory support.
The polyacrylic acid market size is expected to see strong growth in the next few years. It will grow to $4.6 billion in 2028 at a compound annual growth rate (CAGR) of 6.6%. The growth in the forecast period can be attributed to increasing consumer awareness, expansion of the cosmetic industry, urbanization, growing infrastructure projects, and growing beauty and personal care industries. Major trends in the forecast period include the development of superabsorbent polymers, technological innovations, improved polyacrylic acid formulations, the development of new types of polyacrylic acids, and enhanced formulations.
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Scope Of Polyacrylic Acid Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Polyacrylic Acid Market Overview
Market Drivers –
The growing demand for personal care products is expected to propel the growth of the polyacrylic acid market going forward. Personal care products refer to a broad category of personal hygiene, grooming, and beauty items, including skincare, haircare, oral care, and cosmetics. The growing demand for personal care products is driven by increasing consumer awareness of hygiene, self-care, grooming, and evolving beauty trends. Polyacrylic acid is used in personal care products for its thickening, emulsifying, and moisture-retention properties, enhancing the texture and stability of formulations such as lotions, gels, and creams. For instance, in 2023, according to the Cosmetic Toiletry & Perfumery Association (CTPA), a UK-based trade association representing the cosmetic and personal care industry, in 2022, the color cosmetics sector sold 118,178 units, which increased to 123,056 units in 2023, reflecting a growth of approximately 4.1%. Similarly, the skincare sector experienced a rise from 456,401 units sold in 2022 to 460,868 units in 2023, marking an increase of around 1.0%. Therefore, the growing demand for personal care products will drive the growth of the polyacrylic acid market.
Market Trends –
Major companies operating in the polyacrylic acid market are focusing on high-performance additives, such as modified polymers, to enhance product performance and improve formulation stability. Modified polymers are polymers that have been chemically or physically altered to enhance their properties, such as strength, flexibility, or thermal stability, for enhanced performance in specific applications. For instance, in August 2023, Lubrizol Life Science Beauty, a division of The Lubrizol Corporation, a US-based personal care and beauty solutions provider, launched Carbopol SC-800 polymer, which is related to polyacrylic acid. It is specifically a hydrophobically modified cross-linked polyacrylic acid polymer. It has a highly efficient thickening and stabilizing solution for mild, sulfate-free cleansers such as shower gels, shampoos, and facial cleansers. It offers superior clarity, thickening efficiency, and suspension properties compared to other polymers. It provides formulators with the flexibility to enhance skin cleansing formulations. Additionally, foam generation studies confirm that the polymer maintains foam volume and quality, ensuring the desired lather in rinse-off beauty products without compromising performance.
The polyacrylic acid market covered in this report is segmented –
1) By Type: Copolymer, Homopolymer, Terpolymer
2) By Physical State: Liquid Polyacrylic Acid, Powder Polyacrylic Acid
3) By Grade: Industrial Grade, Cosmetic Grade, Pharmaceutical Grade
4) By Application: Thickeners, Dispersing Agents, Conditioners, Emulsifiers, Anti-Scaling, Ion Exchangers, Clarifying Agents
5) By End User: Water Treatment, Personal Care, Detergents And Cleaners, Other End Users
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Regional Insights –
Asia-Pacific was the largest region in the polyacrylic acid market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the polyacrylic acid market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the polyacrylic acid market are PetroChina Company Limited, BASF SE, Dow Chemical Company, Saudi Basic Industries Corporation, Merck KGaA, Solvay S.A., Arkema S.A., Huntsman Corporation, The Lubrizol Corporation, SNF Group, Kemira Oyj, Nippon Shokubai Co. Ltd., Ashland Global Holdings Inc., Toagosei Co. Ltd., Protex International, Polysciences Inc., Gelest Inc., Anhui Newman Fine Chemicals Co. Ltd., Maxwell Additives Pvt. Ltd., AVA Chemicals Private Limited, Polymer Source Inc., Shandong ThFine Chemical Co. Ltd., Glentham Life Sciences Limited, Acuro Organics Limited
Table of Contents
1. Executive Summary
2. Polyacrylic Acid Market Report Structure
3. Polyacrylic Acid Market Trends And Strategies
4. Polyacrylic Acid Market – Macro Economic Scenario
5. Polyacrylic Acid Market Size And Growth
…..
27. Polyacrylic Acid Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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