Polyacrylic Acid Market By Type (Co-polymer, Homo-polymer, Ter-polymer), By Grade (Industrial, Cosmetic, Pharmaceutical), By Form (Liquid Polyacrylic Acid, Powder Polyacrylic Acid), By Application (Water Treatment, Detergents & Cleaners, Superabsorbent Polymers, Adhesives & Sealants, Paints & Coatings, Personal Care & Hygiene, Pharmaceuticals, Oil & Gas, Others), Global Market Size, Segmental analysis, Regional Overview, Company share analysis, Leading Company Profiles, And Market Forecast, 2025 – 2035
Published Date: Feb 2025 | Report ID: MI1917 | 220 Pages
Industry Outlook
The Polyacrylic Acid market accounted for USD 2.58 Billion in 2024 and is expected to reach USD 5.43 Billion by 2035, growing at a CAGR of around 7.0% between 2025 and 2035. The Polyacrylic Acid Market includes the activities of polyacrylic acid synthetic polymer production and distribution followed by its implementation for derived acrylic acid samples. Under its superabsorbent and water-soluble characteristics, polyacrylic acid finds applications throughout the personal care sector while serving the pharmaceutical industry and enabling water treatment together with agricultural innovation.
The material functions as both a dispersant agent and a binder and thickening agent in numerous products such as detergents and diapers along with adhesives and coatings. This market sector is expanding because of increasing industry requirements for sustainable and efficient solutions. Evolutionary polymer chemistry advances together with a priority focus on environmentally friendly formulation drive the current market conditions.
Report Scope:
Parameter | Details |
---|---|
Largest Market | Asia Pacific |
Fastest Growing Market | North America |
Base Year | 2024 |
Market Size in 2024 | USD 2.58 Billion |
CAGR (2025-2035) | 7.0% |
Forecast Years | 2025-2035 |
Historical Data | 2018-2024 |
Market Size in 2035 | USD 5.43 Billion |
Countries Covered | U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, Switzerland, Sweden, Finland, Netherlands, Poland, Russia, China, India, Australia, Japan, South Korea, Singapore, Indonesia, Malaysia, Philippines, Brazil, Argentina, GCC Countries, and South Africa |
What We Cover | Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PESTLE analysis, value chain analysis, regulatory landscape, pricing analysis by segments and region, company market share analysis, and 10 companies |
Segments Covered | Type, Grade, Form, Application, and Region |
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Market Dynamics
Rising demand for personal care products due to water retention properties
Personal care product demand serves as a primary growth engine for the polyacrylic acid market. As a preferred ingredient in cosmetics and personal care formulations, Polyacrylic acid provides outstanding water retention while offering thickening properties and emulsifying functions. Polyacrylic acid functions as a primary ingredient across a range of personal care items including moisturizers yet also appears in hair gels and facial creams. People across the world now buy personal care items more than ever because of increased interest in appearance care along with higher income levels.
Derived from the National Bureau of Statistics of China data shows that the beauty and personal care market in China grew through a 10% surge annually from 2019 to 2023 demonstrating strong market demand for polyacrylic acid and similar ingredients. Personal care manufacturers actively develop sustainable polyacrylic acid derivatives as environmental concerns grow which expands market demand.
Expanding pharmaceutical applications like bioadhesives and drug delivery systems
The pharmaceutical industry's use of polyacrylic acid creates strong market expansion opportunities. Bioadhesive features of polyacrylic acid make it suitable for drug delivery applications because they support drug stability and controlled drug release mechanisms. The biocompatibility of polyacrylic acid attracts pharmaceutical developers for wound dressings and topical formulations because of its efficient water absorption. Advanced drug delivery systems together with patient-focused treatment approaches have escalated pharmaceutical market demand for polyacrylic acid.
The U.S. Food and Drug Administration (FDA) published a report that shows the drug delivery systems market will expand at a 7.5% compound annual growth rate between 2020 and 2027 due to rising demand for new excipients including polyacrylic acid. The evolving pharmaceutical landscape demonstrates the essential position of polyacrylic acid in its design.
High manufacturing costs, especially for high-purity polyacrylic acid grades
Market expansion faces strong resistance because of elevated manufacturing expenses connected to high-purity polyacrylic acid grade production. Producing high-purity polyacrylic acid grades along with premium technologies strict quality checks and specialized equipment generates high manufacturing costs. The production costs increase because acrylic acid sourcing depends heavily on petroleum-based materials whose prices change dramatically. Due to its energy-consuming manufacturing methods, high-purity polyacrylic acid becomes costly for several applications.
Polyacrylic acid exhibits expensive production characteristics that prevent widespread adoption in cost-conscious sectors while prompting accessibility hurdles for small and medium-sized companies wanting to utilize polyacrylic acid in their product design. Manufacturers experience competitive pressure between maintaining high product quality standards and achieving cost-efficient production to thrive.
R&D focus on biodegradable polyacrylic acid for sustainable product development
While advancements in research and development of biodegradable polyacrylic acid hold great promise for market growth, it is noteworthy that the pursuit of sustainable materials has prompted industries to seek appropriate alternative replacements for conventional polymers, as the environmental issues along with sustainability targets have taken a front row seat. Polyacrylic acid stays functional in water retention and thickness properties but reduces environmental harm when it biodegrades.
This innovation follows global standards aimed at plastic pollution reduction and environmental material regulations. Additions of biodegradable variants enable additional markets to use soil-friendly solutions in agricultural applications. Manufacturing advancements together with material science progress extend the development of sustainable products beyond current market boundaries.
Growing demand for water treatment solutions in developed and developing countries
Industry expansion of polyacrylic acid demonstrates considerable growth because of increasing water treatment requirements in developed and developing countries. Polyacrylic acid demonstrates high effectiveness as a water-soluble polymer for controlling scale and deposits while remaining the preferred material for water treatment functions. The expansion of advanced water treatment solutions receives continuous investment because of mounting worries about water resources sustainability coupled with water contamination problems and critical water quality standards.
The industrial and municipal treatment systems rely on polyacrylic acid's versatile effectiveness in scale prevention to solve their challenges. The global adoption of sustainable water management depends on its integration in desalination plants alongside cooling towers and wastewater management structures.
Industry Experts Opinion
"Polyacrylic acid (PAA), a polymer used in everything from diapers to drug delivery systems, stands out for its exceptional water absorption and versatility."
- Dr. Emily Collins, Senior Chemist at Carbomer, Inc.
Segment Analysis
Based on the Type, the Polyacrylic Acid Market is classified into Co-polymer, Homo-polymer, and Ter-polymer. Out of all the continuously growing Polyacrylic Acid segments, the Co-polymer segment occupies a prominent share of the Polyacrylic Acid Market because it delivers optimal performance throughout various applications in combination with advanced adaptability. Co-polymers composed of acrylic acid united with additional monomers demonstrate hard-to-master characteristics by surpassing both homo- and ter-polymers in their surface attachment performance and their capacity for water absorption. The product characteristics make them suitable for industrial applications that extend from personal care items to water treatment solutions and superabsorbent polymer-based hygiene products. The marketplace requirement for advanced materials coupled with efficiency and sustainability targets currently drives co-polymer development. Business manufacturers reach market leadership by employing the precise property adjustment capabilities of co-polymers to tailor their products exactly to specific applications.
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Based on the Grade, the Polyacrylic Acid Market is classified into Industrial, Cosmetic, and Pharmaceutical. Currently, Pharmaceutical grade is the most significant segment of the Polyacrylic Acid Market because it constitutes the backbone of drug formulations and delivery technology. The pharmaceutical industry extensively uses pharmaceutical-grade polyacrylic acid to fulfill requirements in oral and topical and injectable medicine formulations through delivery functions including bio-adhesion control and thickening properties. Biocompatibility and a successive safety profile of this material make it perfect for delicate usage areas. The increase in advanced drug delivery system requirements combined with the worldwide expansion of pharmaceutical activities drives the market's growth substantially. Furthermore, its application in innovative formulations, such as hydrogel-based drug carriers, underscores its prominence in the market. The healthcare industry values the potential of precision medicine which increases this application's significance.
Regional Analysis
Currently, In Asia Pacific, there is a surge in the Polyacrylic Acid Market due to its fast industrial development and urbanization along with growing market requirements in construction water treatment, personal care, and agricultural sectors. China takes the lead position as the market's largest contributor because of its extensive manufacturing production alongside its extensive consumer population and along with India and Japan. An expanding middle class throughout the region together with rising environmental sustainability and water conservation consciousness drives market demand for both water treatment and eco-friendly products made with polyacrylic acid. Indian farmers use polyacrylic acid to compose agricultural solutions that condition soils while enhancing water conservation abilities. A positive market outlook emerges from combining attractive raw material costs with increased investment in research and development activities. The increase in environmental regulations by Asia Pacific governments has driven rising demand for sustainable solutions including polyacrylic acid which maintains a competitive and dynamic market environment.
The North American Polyacrylic Acid market has great growth potential due to its use in various industries which include water treatment, personal care, adhesives, and detergents. The market demonstrates strong expansion because the region has both powerful industrial capabilities and expanding interest in sustainable water solutions. The U.S. leads this market segment because it holds advanced manufacturing infrastructure while maintaining robust end-use industries throughout the region. The market has seen rising adoption of polyacrylic acid during a time when environmental sustainability has gained more attention because of its use within eco-friendly biodegradable end products. Canada shows promise as a market because the country supports environmental regulations through its industrial advancements. The market receives growth momentum from both public support measures and research and development investment activities in this region. The key players make substantial investments in innovation that allow them to address changing consumer needs in their quest to expand their positions in the North American competitive markets.
Competitive Landscape
Polyacrylic acid represents a competitive marketplace where leading companies include BASF SE, Dow Chemical Company, Evonik Industries AG, Sumitomo Seika Chemicals Co., Ltd., The Lubrizol Corporation, Arkema S.A., Ashland Inc., and Nippon Shokubai Co., Ltd. These companies lead with a substantial market position through their diverse product selection combined with extensive industrial distribution networks that cover industries like personal care and water treatment and construction. Many participants in this market started targeting production capacity increases in emerging territories as water-soluble polymers gained increased market demand.
Recent developments in the polyacrylic acid market showcase the strategic moves of these key players. Dow Chemical Company and Evonik Industries AG have dedicated expanded research and development resources to create environmentally benign products alongside better sustainable production methods. Two companies active in superabsorbent polymers and other market sectors are Kuraray Co., Ltd. with its continuous investment in product innovation together with SNF Holding Company which devotes resources to answer industry growth needs. Specialty chemicals division acquisitions made by Ashland Inc. have given companies stronger market positions and advanced product capabilities in today's competitive industry.
Polyacrylic Acid Market, Company Shares Analysis, 2024
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Recent Developments:
- In April 2024, The Indonesian division of NIPPON SHOKUBAI CO., LTD., NIPPON SHOKUBAI INDONESIA (NSI), holds ISCC PLUS certification for superabsorbent polymers, acrylic acid, and acrylates. Using raw ingredients enriched by biomass, the company set up a global supply chain to manufacture these items in Belgium, Indonesia, and Japan.
- In April 2023, Through Incellion, Arkema strengthened its position by offering a wide range of complementing "Inside the Cell" solutions, such as sophisticated acrylic-based binders, dispersants, and rheology additives. Manufacturers of batteries were able to improve their electrode and separator solution formulations because of these advancements.
Report Coverage:
By Type
- Co-polymer
- Homo-polymer
- Ter-polymer
By Grade
- Industrial
- Cosmetic
- Pharmaceutical
By Form
- Liquid Polyacrylic Acid
- Powder Polyacrylic Acid
By Application
- Water Treatment
- Detergents & Cleaners
- Superabsorbent Polymers
- Adhesives & Sealants
- Paints & Coatings
- Personal Care & Hygiene
- Pharmaceuticals
- Oil & Gas
- Others
By Region
North America
- U.S.
- Canada
Europe
- U.K.
- France
- Germany
- Italy
- Spain
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Singapore
- Rest of Asia Pacific
Latin America
- Brazil
- Argentina
- Mexico
- Rest of Latin America
Middle East & Africa
- GCC Countries
- South Africa
- Rest of the Middle East & Africa
List of Companies:
- BASF SE
- Dow Chemical Company
- Evonik Industries AG
- The Lubrizol Corporation
- Arkema S.A
- Ashland Inc.
- Nippon Shokubai Co., Ltd.
- Sumitomo Seika Chemicals Co., Ltd.
- SNF Holding Company
- Aurora Fine Chemicals
- Kuraray Co., Ltd.
- DIC Corporation
- Clariant Ltd.
- Mitsubishi Chemical Corporation
- Lanxess AG
Frequently Asked Questions (FAQs)
The Polyacrylic Acid market accounted for USD 2.58 Billion in 2024 and is expected to reach USD 5.43 Billion by 2035, growing at a CAGR of around 7.0% between 2025 and 2035.
Key growth opportunities in the Polyacrylic Acid market include R&D focus on biodegradable polyacrylic acid for sustainable product development, growing demand for water treatment solutions in developed and developing countries, and Collaboration with industries for customized polymer solutions in diverse applications.
The largest segment in the Polyacrylic Acid Market is the Co-polymer segment due to its superior versatility and performance across diverse applications due to its cost-effectiveness and excellent performance in large-scale applications. Meanwhile, the fastest-growing segment is the pharmaceutical grade, fueled by the rising demand for advanced drug delivery systems, increased focus on biocompatible materials, and growth in the pharmaceutical and healthcare sectors. The expanding need for sustainable and high-performance solutions further accelerates growth in both segments.
North America is poised to make a notable contribution to the Global Polyacrylic Acid Market, driven by its advanced industrial infrastructure and strong demand across sectors like water treatment, personal care, and adhesives. The United States leads the region, benefiting from extensive manufacturing capabilities and a focus on eco-friendly products. Growing awareness about environmental sustainability and water conservation has boosted the adoption of polyacrylic acid in biodegradable applications. Canada is also playing a key role, with increasing investments in sustainable solutions and compliance with stringent environmental regulations. The presence of key market players and ongoing innovations further bolster the region's significant impact on the global market.
Leading players in the global polyacrylic acid market include BASF SE, Dow Chemical Company, Evonik Industries AG, The Lubrizol Corporation, Arkema S.A., Ashland Inc., Mitsubishi Chemical Corporation, and Nippon Shokubai Co., Ltd. These companies dominate the market due to their vast product portfolios, strong global presence, and innovation in developing polyacrylic acid-based solutions for various applications like water treatment, personal care, and adhesives. Additionally, Kuraray Co., Ltd., SNF Holding Company, and Mitsubishi Chemical Corporation are significant players, contributing to the market's growth through continuous investments in R&D and strategic mergers or acquisitions to expand their product offerings and geographic reach.
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