Asia Pacific Polyacrylic Acid Market Forecast to 2031 - Regional Analysis - by Form, Application, and End-Use Industry

List of Tables

The Asia Pacific polyacrylic acid market was valued at US$ 859.58 million in 2023 and is expected to reach US$ 1,219.77 million by 2031; it is estimated to register a CAGR of 4.5% from 2023 to 2031.

Development of Bio-Based and Sustainable Products Boosts Asia Pacific Polyacrylic Acid Market

Different sustainable and bio-based products are used to replace products that create harmful impacts on the environment. There is a growing interest in the development and use of bio-based acrylic acid and polyacrylic acid across various industries. In October 2023, GS Caltex and LG Chem signed an MoU for a joint biodegradable business. Under the MoU, GS Caltex and LG Chem will discuss possible joint businesses utilizing 3HP. 3HP, made with plant-derived materials through microbial fermentation, is a versatile platform chemical that can produce bio acrylic acid for diapers, adhesives, coatings, and carbon fibers. In 2019, LG Chem announced a partnership with ADM to create acrylic acid from corn. Lakril Technologies revealed its plans to open a pilot plant by the end of 2024. The company catalytically converts biobased lactates such as methyl lactate, ethyl lactate, and lactic acid into acrylic acid. In 2020, Cargill licensed technology from Procter & Gamble that converts lactic acid into acrylic acid. At the end of year 2020, Cargill announced it was working with Axens and IFPEN to scale up the technology. Further, Interreg VlaNed project GREENER aims to develop polymers with the same properties as water-soluble polymer polyacrylic acid, but with the advantage that they will be bio-based and biodegradable. Thus, various developments in bio-based and sustainable products are expected to emerge as major trends in the Asia Pacific polyacrylic acid market during the forecast period.

Asia Pacific Polyacrylic Acid Market Overview

In China, one significant driver is the country's rapid industrialization and urbanization, leading to increased demand for various industrial applications such as water treatment, paints & coatings, adhesives, and textiles. Polyacrylic acid's versatility makes it a preferred choice in these industries due to its ability to function as a thickening agent, water absorbent, and dispersant. According to the World Bank Data, the urban population share in China rose by 1.1 percentage points (+1.76 %) from 2021 to 2022. Furthermore, the escalating environmental concerns in China have propelled the demand for polyacrylic acid-based products in water treatment applications. The polymer's effectiveness in water purification processes, including wastewater treatment and sludge dewatering, has garnered significant attention from industries and municipalities.

Asia Pacific Polyacrylic Acid Market Revenue and Forecast to 2031 (US$ Million)

Asia Pacific Polyacrylic Acid Market Segmentation

The Asia Pacific polyacrylic acid market is categorized into form, application, end-use industry, and country.

By form, the Asia Pacific polyacrylic acid market is segmented into powder and liquid. The liquid segment held a larger share of the Asia Pacific polyacrylic acid market share in 2023.

In terms of application, the Asia Pacific polyacrylic acid market is segmented into dispersing agent, anti-scaling agent, thickeners, emulsifiers, ion-exchanger, and others. The anti-scaling agents segment held the largest share of the Asia Pacific polyacrylic acid market share in 2023.

Based on end-use industry, the Asia Pacific 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 share of the Asia Pacific polyacrylic acid market share in 2023.

Based on country, the Asia Pacific polyacrylic acid market is segmented into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. China segment held the largest share of Asia Pacific polyacrylic acid market in 2023.

Arkema SA; Ashland Inc; BASF SE; Evonik Industries AG; Nippon Shokubai Co Ltd; Shandong TheFine Chemical Co., Ltd; Sumitomo Seika Chemicals Co Ltd; The Dow Chemical Co; and The Lubrizol Corp are some of the leading companies operating in the Asia Pacific polyacrylic acid market.

Product Code: BMIRE00031389

1. Introduction

1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation

2. Executive Summary

2.1 Key Insights
2.2 Market Attractiveness

3. Research Methodology

3.1 Coverage
3.2 Secondary Research
- 3.2.1 Hypothesis Formulation:
- 3.2.2 Macro-Economic Factor Analysis:
- 3.2.3 Developing Base Number:
- 3.2.4 Data Triangulation:
- 3.2.5 Country Level Data:
3.3 Primary Research

4. Asia Pacific Polyacrylic Acid Market Landscape

4.1 Overview
4.2 Porters Five Forces Analysis
- 4.2.1 Bargaining Power of Suppliers
- 4.2.2 Bargaining Power of Buyers
- 4.2.3 Threat of New Entrants
- 4.2.4 Intensity of Competitive Rivalry
- 4.2.5 Threat of Substitutes
4.3 Ecosystem Analysis
- 4.3.1 List of Vendors in the Value Chain

5. Asia Pacific Polyacrylic Acid Market - Key Market Dynamics

5.1 Market Drivers
- 5.1.1 Rising Focus on Water and Wastewater Treatment Activities
- 5.1.2 Rising Demand from Paper & Pulp Industry
5.2 Market Restraints
- 5.2.1 Fluctuation in Prices of Raw Materials
5.3 Market Opportunities
- 5.3.1 Increasing Demand for Polyacrylic Acid from Detergent and Cleaner Applications
5.4 Future Trends
- 5.4.1 Development of Bio-Based and Sustainable Products
5.5 Impact of Drivers and Restraints:

6. Polyacrylic Acid Market - Asia Pacific Market Analysis

6.1 Asia Pacific Polyacrylic Acid Market Volume (Kilo Tons), 2021-2031
6.2 Asia Pacific Polyacrylic Acid Market Volume Forecast and Analysis (Kilo Tons)
6.3 Asia Pacific Polyacrylic Acid Market Revenue (US$ Million), 2021-2031
6.4 Asia Pacific Polyacrylic Acid Market Forecast and Analysis

7. Asia Pacific Polyacrylic Acid Market Volume and Revenue Analysis - by Form

7.1 Powder
- 7.1.1 Overview
- 7.1.2 Powder: Asia Pacific Polyacrylic Acid Market - Volume and Forecast to 2031 (Kilo Tons)
- 7.1.3 Powder: Asia Pacific Polyacrylic Acid Market - Revenue and Forecast to 2031 (US$ Million)
7.2 Liquid
- 7.2.1 Overview
- 7.2.2 Liquid: Asia Pacific Polyacrylic Acid Market - Volume and Forecast to 2031 (Kilo Tons)
- 7.2.3 Liquid: Asia Pacific Polyacrylic Acid Market - Revenue and Forecast to 2031 (US$ Million)

8. Asia Pacific Polyacrylic Acid Market Revenue Analysis - by Application

8.1 Dispersing Agent
- 8.1.1 Overview
- 8.1.2 Dispersing Agent: Asia Pacific Polyacrylic Acid Market - Revenue and Forecast to 2031 (US$ Million)
8.2 Anti-Scaling Agent
- 8.2.1 Overview
- 8.2.2 Anti-Scaling Agent: Asia Pacific Polyacrylic Acid Market - Revenue and Forecast to 2031 (US$ Million)
8.3 Thickeners
- 8.3.1 Overview
- 8.3.2 Thickeners: Asia Pacific Polyacrylic Acid Market - Revenue and Forecast to 2031 (US$ Million)
8.4 Emulsifiers
- 8.4.1 Overview
- 8.4.2 Emulsifiers: Asia Pacific Polyacrylic Acid Market - Revenue and Forecast to 2031 (US$ Million)
8.5 Ion-Exchanger
- 8.5.1 Overview
- 8.5.2 Ion-Exchanger: Asia Pacific Polyacrylic Acid Market - Revenue and Forecast to 2031 (US$ Million)
8.6 Others
- 8.6.1 Overview
- 8.6.2 Others: Asia Pacific Polyacrylic Acid Market - Revenue and Forecast to 2031 (US$ Million)

9. Asia Pacific Polyacrylic Acid Market Revenue Analysis - by End-Use Industry

9.1 Water Treatment
- 9.1.1 Overview
- 9.1.2 Water Treatment: Asia Pacific Polyacrylic Acid Market - Revenue and Forecast to 2031 (US$ Million)
9.2 Personal Care and Cosmetics
- 9.2.1 Overview
- 9.2.2 Personal Care and Cosmetics: Asia Pacific Polyacrylic Acid Market - Revenue and Forecast to 2031 (US$ Million)
9.3 Detergents and Cleaners
- 9.3.1 Overview
- 9.3.2 Detergents and Cleaners: Asia Pacific Polyacrylic Acid Market - Revenue and Forecast to 2031 (US$ Million)
9.4 Leather and Textiles
- 9.4.1 Overview
- 9.4.2 Leather and Textiles: Asia Pacific Polyacrylic Acid Market - Revenue and Forecast to 2031 (US$ Million)
9.5 Pulp and Paper
- 9.5.1 Overview
- 9.5.2 Pulp and Paper: Asia Pacific Polyacrylic Acid Market - Revenue and Forecast to 2031 (US$ Million)
9.6 Paints and Coatings
- 9.6.1 Overview
- 9.6.2 Paints and Coatings: Asia Pacific Polyacrylic Acid Market - Revenue and Forecast to 2031 (US$ Million)
9.7 Ceramics
- 9.7.1 Overview
- 9.7.2 Ceramics: Asia Pacific Polyacrylic Acid Market - Revenue and Forecast to 2031 (US$ Million)
9.8 Others
- 9.8.1 Overview
- 9.8.2 Others: Asia Pacific Polyacrylic Acid Market - Revenue and Forecast to 2031 (US$ Million)

10. Asia Pacific Polyacrylic Acid Market - Country Analysis

10.1 Asia Pacific Polyacrylic Acid Market Overview
- 10.1.1 Asia Pacific Polyacrylic Acid Market Revenue and Forecast and Analysis - by Country
  - 10.1.1.1 Asia Pacific Polyacrylic Acid Market Volume and Forecast and Analysis - by Country
  - 10.1.1.2 Asia Pacific Polyacrylic Acid Market Revenue and Forecast and Analysis -by Country
  - 10.1.1.3 Australia Polyacrylic Acid Market - Revenue and Forecast to 2031 (US$ Million)
    - 10.1.1.3.1 Australia Polyacrylic Acid Market Breakdown by Form
    - 10.1.1.3.2 Australia Polyacrylic Acid Market Breakdown by Application
    - 10.1.1.3.3 Australia Polyacrylic Acid Market Breakdown by End-Use Industry
  - 10.1.1.4 China Polyacrylic Acid Market - Revenue and Forecast to 2031 (US$ Million)
    - 10.1.1.4.1 China Polyacrylic Acid Market Breakdown by Form
    - 10.1.1.4.2 China Polyacrylic Acid Market Breakdown by Application
    - 10.1.1.4.3 China Polyacrylic Acid Market Breakdown by End-Use Industry
  - 10.1.1.5 India Polyacrylic Acid Market - Revenue and Forecast to 2031 (US$ Million)
    - 10.1.1.5.1 India Polyacrylic Acid Market Breakdown by Form
    - 10.1.1.5.2 India Polyacrylic Acid Market Breakdown by Application
    - 10.1.1.5.3 India Polyacrylic Acid Market Breakdown by End-Use Industry
  - 10.1.1.6 Japan Polyacrylic Acid Market - Revenue and Forecast to 2031 (US$ Million)
    - 10.1.1.6.1 Japan Polyacrylic Acid Market Breakdown by Form
    - 10.1.1.6.2 Japan Polyacrylic Acid Market Breakdown by Application
    - 10.1.1.6.3 Japan Polyacrylic Acid Market Breakdown by End-Use Industry
  - 10.1.1.7 South Korea Polyacrylic Acid Market - Revenue and Forecast to 2031 (US$ Million)
    - 10.1.1.7.1 South Korea Polyacrylic Acid Market Breakdown by Form
    - 10.1.1.7.2 South Korea Polyacrylic Acid Market Breakdown by Application
    - 10.1.1.7.3 South Korea Polyacrylic Acid Market Breakdown by End-Use Industry
  - 10.1.1.8 Rest of APAC Polyacrylic Acid Market - Revenue and Forecast to 2031 (US$ Million)
    - 10.1.1.8.1 Rest of APAC Polyacrylic Acid Market Breakdown by Form
    - 10.1.1.8.2 Rest of APAC Polyacrylic Acid Market Breakdown by Application
    - 10.1.1.8.3 Rest of APAC Polyacrylic Acid Market Breakdown by End-Use Industry

11. Competitive Landscape

11.1 Heat Map Analysis by Key Players
11.2 Company Positioning & Concentration

12. Industry Landscape

12.1 Overview
12.2 Product Launch
12.3 Expansion

13. Company Profiles

13.1 Arkema SA
- 13.1.1 Key Facts
- 13.1.2 Business Description
- 13.1.3 Products and Services
- 13.1.4 Financial Overview
- 13.1.5 SWOT Analysis
- 13.1.6 Key Developments
13.2 Ashland Inc
- 13.2.1 Key Facts
- 13.2.2 Business Description
- 13.2.3 Products and Services
- 13.2.4 Financial Overview
- 13.2.5 SWOT Analysis
- 13.2.6 Key Developments
13.3 BASF SE
- 13.3.1 Key Facts
- 13.3.2 Business Description
- 13.3.3 Products and Services
- 13.3.4 Financial Overview
- 13.3.5 SWOT Analysis
- 13.3.6 Key Developments
13.4 Evonik Industries AG
- 13.4.1 Key Facts
- 13.4.2 Business Description
- 13.4.3 Products and Services
- 13.4.4 Financial Overview
- 13.4.5 SWOT Analysis
- 13.4.6 Key Developments
13.5 Nippon Shokubai Co Ltd
- 13.5.1 Key Facts
- 13.5.2 Business Description
- 13.5.3 Products and Services
- 13.5.4 Financial Overview
- 13.5.5 SWOT Analysis
- 13.5.6 Key Developments
13.6 Sumitomo Seika Chemicals Co Ltd
- 13.6.1 Key Facts
- 13.6.2 Business Description
- 13.6.3 Products and Services
- 13.6.4 Financial Overview
- 13.6.5 SWOT Analysis
- 13.6.6 Key Developments
13.7 The Dow Chemical Co
- 13.7.1 Key Facts
- 13.7.2 Business Description
- 13.7.3 Products and Services
- 13.7.4 Financial Overview
- 13.7.5 SWOT Analysis
- 13.7.6 Key Developments
13.8 The Lubrizol Corp
- 13.8.1 Key Facts
- 13.8.2 Business Description
- 13.8.3 Products and Services
- 13.8.4 Financial Overview
- 13.8.5 SWOT Analysis
- 13.8.6 Key Developments
13.9 Shandong ThFine Chemical Co., Ltd
- 13.9.1 Key Facts
- 13.9.2 Business Description
- 13.9.3 Products and Services
- 13.9.4 Financial Overview
- 13.9.5 SWOT Analysis
- 13.9.6 Key Developments

14. Appendix

14.1 About The Insight Partners