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Polyacrylic Acid Market Growing Stupendously at USD 3.79 Billion by 2025

Asia Pacific is the largest as well as the fastest growing consumer of the industry. China is projected to drive the product demand on account of rising consumer awareness regarding the multifunctional ingredients incorporated in laundry detergents and household cleaners.

The Global Polyacrylic Acid Market is expected to reach USD 3.79 billion by 2025, growing at a CAGR of 6.0%, according to a new report by Grand View Research, Inc.
 

Use of polyacrylic acid in superabsorbent polymers is expected to pave way for industry growth in China in the next couple of years. Furthermore, rising initiatives towards enhancing crop yield and optimum utilization of water resources in agricultural processing is anticipated to propel the usage of superabsorbent polymers in China, ultimately boosting the product consumption in the future.

In terms of volume, detergents & cleaners segment is expected to rise at a CAGR of 5.0% from 2017 to 2025. Rise in the consumption of liquid based laundry detergents in China is likely to propel the product demand over the next couple of years. Rise in the stringency of environmental protection laws coupled with significant capital expenditure on treating industrial water & wastewater is another growth driving factor.

To Know More About Polyacrylic Acid Market Please Visit Us @ https://www.grandviewresearch.com/industry-analysis/polyacrylic-acid-market

China accounted for the largest revenue share in Asia Pacific in 2016 and is likely to expand at a CAGR of 6.9% during the forecast period. India is likely to witness fast paced growth in terms of product demand over the years ahead, in Asia Pacific. Superabsorbent polymers and detergent & cleaners sectors are expected to offer favorable scope for industry growth.

Top Players of Polyacrylic Acid Market:

Prominent industry players such as Ashland, Inc., BASF SE, Arkema S.A. and Nippon Shokubai Co., Ltd. are targeting emerging applications including agriculture for use in soil conditioning and processing of soil mulches and adhesives sectors.

Market Segmentation of Polyacrylic Acid Market:

The Global Polyacrylic Acid Market segmented on the basis of Application and Region.

By Application:

    Water & Wastewater Treatment
    Detergents & Cleaners
    Paints, Coatings, & Inks
    Superabsorbent Polymers

By Region:

    North America
    Europe
    Asia Pacific
    Central & South America
    Middle East & Africa

Inquire about Polyacrylic Acid Market with Our Experts @ https://www.grandviewresearch.com/inquiry/4587

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