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Showing posts with the label Polyacrylic Acid Market 2018

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 la...