Water Treatment Industry to Offer Lucrative Potential to Global Polyacrylic Acid Market
- The global water treatment industry is projected to expand at a robust pace in the near future. Rapid urbanization in developing economies across the globe, amidst the scarcity of natural resources and climate change, is likely to lead to increasing demand for clean water between 2019 and 2027.
- Rise in the demand for water and wastewater treatment across municipal and industrial processes is anticipated to boost consumption of water-soluble polymers including polyacrylic acid in the near future
- In order to lessen the escalating costs associated with the procurement of fresh water and disposal of wastewater, large-sized players are anticipated to increase their efforts to reuse wastewater. These indicators are likely to present significant growth potential to the global polyacrylic acid market during the forecast period.
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Key Drivers of Global Polyacrylic Acid Market
- The global personal care industry offers robust opportunities to polyacrylic acid manufacturers, with rise in the consumption of polyacrylic-acid-based superabsorbent polymers (SAPs) in baby diapers, feminine care products, and adult incontinence products
- According to the World Health Organization (WHO), the share of people aged 60 years or above in the global population would be almost double from 12% in 2015 to 22% in 2050. Factors such as improved health care standards, prolonged lifespan, and rise in aging population are estimated to propel the consumption of adult incontinence products during the forecast period. This, in turn, is driving the global polyacrylic acid market.
- Polyacrylic acid plays a vital role in the reduction of hydrate formation. The formation of hydrates in oil and gas pipelines has become a major challenge in oil and gas operations. The oil & gas industry is likely to be a prominent consumer of polyacrylic acid during the forecast period.
- Developing economies across the globe are facing strict environment-related regulations regarding effluent discharge from manufacturing facilities and the purity of potable water. Polyacrylic acid is readily dissoluble in water and it is anticipated to witness increase in the consumption for use in treating sewage water and wastewater effluents from 2019 to 2027.
- The global polyacrylic acid market is subjected to a stringent regulatory framework. For instance, use of polyacrylic acid for water treatment has to abide by the Toxic Substances Control Act (TSCA), Clean Water Act (CWA), etc. Polyacrylic acid is also continuously monitored by the International Agency for Research on Cancer and agencies of the World Health Organization (WHO). Sodium salt of polyacrylic acid is included in the list of food additives by the U.S. FDA (Food & Drug Administration).
Global Polyacrylic Acid Market, by Application
- Based on application, the global polyacrylic acid market can be divided into water treatment, personal care, detergents & cleaners, and others (including paints & coatings and pharmaceutical)
- The wastewater from oil and gas companies is toxic and, at times, carcinogenic. This enormous generation of wastewater is constrained with strict regulations on its disposal. This, in turn, is likely to boost the consumption of polyacrylic acid during the forecast period.
- Polyacrylic acid is readily soluble in water and it is emerging as a key ingredient in the treatment of water effluents. Stringent regulations regarding disposal of industrial effluents are likely to generate high demand for water treatment processes, thereby driving the demand for polyacrylic acid between 2019 and 2027.
Asia Pacific to be a Key Market for Polyacrylic Acid
- In terms of region, the global polyacrylic acid market can be divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is projected to be a major consumer of polyacrylic acid throughout the forecast period.
- Factors such as increasing health care spending, rising infrastructure development activities, enhancing standards of living, presence of an organized retail sector, and increasing disposable income are expected to boost the personal care industry in Asia Pacific between 2019 and 2027.
- Growing population in Asia Pacific is anticipated to boost the demand for potable water in the region, thereby providing substantial growth opportunities to the polyacrylic acid market in the region in the near future
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Key Manufacturers Operating in Global Market
Key manufacturers operating in the global polyacrylic acid market include:
- BASF SE
- Kemira OYJ
- NIPPON SHOKUBAI CO., LTD.
- KAO Corporation
- Lubrizol Corporation
- ACURO ORGANICS LIMITED
Global Polyacrylic Acid Market: Research Scope
Global Polyacrylic Acid Market, by Form
Global Polyacrylic Acid Market, by Application
- Water Treatment
- Personal Care
- Detergents & Cleaners
- Others (Including Paints & Coatings and Pharmaceutical)
Global Polyacrylic Acid Market, by Region
- North America
- Russia & CIS
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa
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