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

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    Report

  • 115 Pages
  • March 2025
  • Region: Asia Pacific
  • The Insight Partners
  • ID: 6092441
Description Jump to:
The Asia Pacific polyacrylic acid market was valued at US$ 859.58 million in 2023 and is expected to reach US$ 1.21 billion 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.

Låkril 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.

Reasons to Buy:
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Asia Pacific polyacrylic acid market.
  • Highlights key business priorities in order to assist companies to realign their business strategies.
  • The key findings and recommendations highlight crucial progressive industry trends in the Asia Pacific polyacrylic acid market, thereby allowing players across the value chain to develop effective long-term strategies.
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
  • Scrutinize in-depth Asia Pacific market trends and outlook coupled with the factors driving the Asia Pacific polyacrylic acid market, as well as those hindering it.
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution.

Table of Contents

1. Introduction
1.1 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 Publisher
List of Tables
Table 1. Asia Pacific Polyacrylic Acid Market Segmentation
Table 2. List of Vendors
Table 3. Asia Pacific Polyacrylic Acid Market - Volume and Forecast to 2031 (Kilo Tons)
Table 4. Asia Pacific Polyacrylic Acid Market - Revenue and Forecast to 2031 (US$ Million)
Table 5. Asia Pacific Polyacrylic Acid Market - Volume and Forecast to 2031 (Kilo Tons) - by Form
Table 6. Asia Pacific Polyacrylic Acid Market - Revenue and Forecast to 2031 (US$ Million) - by Form
Table 7. Asia Pacific Polyacrylic Acid Market - Revenue and Forecast to 2031 (US$ Million) - by Application
Table 8. Asia Pacific Polyacrylic Acid Market - Revenue and Forecast to 2031 (US$ Million) - by End-Use Industry
Table 9. Asia Pacific Polyacrylic Acid Market - Volume and Forecast to 2031 (Kilo Tons) - by Country
Table 10. Asia Pacific Polyacrylic Acid Market - Revenue and Forecast to 2031 (US$ Million) - by Country
Table 11. Australia Polyacrylic Acid Market -Volume and Forecast to 2031 (Kilo Tons) - by Form
Table 12. Australia Polyacrylic Acid Market - Revenue and Forecast to 2031 (US$ Million) - by Form
Table 13. Australia Polyacrylic Acid Market - Revenue and Forecast to 2031 (US$ Million) - by Application
Table 14. Australia Polyacrylic Acid Market - Revenue and Forecast to 2031 (US$ Million) - by End-Use Industry
Table 15. China Polyacrylic Acid Market -Volume and Forecast to 2031 (Kilo Tons) - by Form
Table 16. China Polyacrylic Acid Market - Revenue and Forecast to 2031 (US$ Million) - by Form
Table 17. China Polyacrylic Acid Market - Revenue and Forecast to 2031 (US$ Million) - by Application
Table 18. China Polyacrylic Acid Market - Revenue and Forecast to 2031 (US$ Million) - by End-Use Industry
Table 19. India Polyacrylic Acid Market -Volume and Forecast to 2031 (Kilo Tons) - by Form
Table 20. India Polyacrylic Acid Market - Revenue and Forecast to 2031 (US$ Million) - by Form
Table 21. India Polyacrylic Acid Market - Revenue and Forecast to 2031 (US$ Million) - by Application
Table 22. India Polyacrylic Acid Market - Revenue and Forecast to 2031 (US$ Million) - by End-Use Industry
Table 23. Japan Polyacrylic Acid Market -Volume and Forecast to 2031 (Kilo Tons) - by Form
Table 24. Japan Polyacrylic Acid Market - Revenue and Forecast to 2031 (US$ Million) - by Form
Table 25. Japan Polyacrylic Acid Market - Revenue and Forecast to 2031 (US$ Million) - by Application
Table 26. Japan Polyacrylic Acid Market - Revenue and Forecast to 2031 (US$ Million) - by End-Use Industry
Table 27. South Korea Polyacrylic Acid Market -Volume and Forecast to 2031 (Kilo Tons) - by Form
Table 28. South Korea Polyacrylic Acid Market - Revenue and Forecast to 2031 (US$ Million) - by Form
Table 29. South Korea Polyacrylic Acid Market - Revenue and Forecast to 2031 (US$ Million) - by Application
Table 30. South Korea Polyacrylic Acid Market - Revenue and Forecast to 2031 (US$ Million) - by End-Use Industry
Table 31. Rest of APAC Polyacrylic Acid Market -Volume and Forecast to 2031 (Kilo Tons) - by Form
Table 32. Rest of APAC Polyacrylic Acid Market - Revenue and Forecast to 2031 (US$ Million) - by Form
Table 33. Rest of APAC Polyacrylic Acid Market - Revenue and Forecast to 2031 (US$ Million) - by Application
Table 34. Rest of APAC Polyacrylic Acid Market - Revenue and Forecast to 2031 (US$ Million) - by End-Use Industry
List of Figures
Figure 1. Asia Pacific Polyacrylic Acid Market Segmentation, by Country
Figure 2. Asia Pacific Polyacrylic Acid Market - Porter’s Five Forces Analysis
Figure 3. Ecosystem Analysis: Polyacrylic Acid Market
Figure 4. Asia Pacific Polyacrylic Acid Market - Key Market Dynamics
Figure 5. Impact Analysis of Drivers and Restraints
Figure 6. Asia Pacific Polyacrylic Acid Market Volume (Kilo Tons), 2021-2031
Figure 7. Asia Pacific Polyacrylic Acid Market Revenue (US$ Million), 2021-2031
Figure 8. Asia Pacific Polyacrylic Acid Market Share (%) - Form, 2023 and 2031
Figure 9. Powder: Asia Pacific Polyacrylic Acid Market - Volume and Forecast to 2031 (Kilo Tons)
Figure 10. Powder: Asia Pacific Polyacrylic Acid Market - Revenue and Forecast to 2031 (US$ Million)
Figure 11. Liquid: Asia Pacific Polyacrylic Acid Market - Volume and Forecast to 2031 (Kilo Tons)
Figure 12. Liquid: Asia Pacific Polyacrylic Acid Market - Revenue and Forecast to 2031 (US$ Million)
Figure 13. Asia Pacific Polyacrylic Acid Market Share (%) - Application, 2023 and 2031
Figure 14. Dispersing Agent: Asia Pacific Polyacrylic Acid Market - Revenue and Forecast to 2031 (US$ Million)
Figure 15. Anti-Scaling Agent: Asia Pacific Polyacrylic Acid Market - Revenue and Forecast to 2031 (US$ Million)
Figure 16. Thickeners: Asia Pacific Polyacrylic Acid Market - Revenue and Forecast to 2031 (US$ Million)
Figure 17. Emulsifiers: Asia Pacific Polyacrylic Acid Market - Revenue and Forecast to 2031 (US$ Million)
Figure 18. Ion-Exchanger: Asia Pacific Polyacrylic Acid Market - Revenue and Forecast to 2031 (US$ Million)
Figure 19. Others: Asia Pacific Polyacrylic Acid Market - Revenue and Forecast to 2031 (US$ Million)
Figure 20. Asia Pacific Polyacrylic Acid Market Share (%) - End-Use Industry, 2023 and 2031
Figure 21. Water Treatment: Asia Pacific Polyacrylic Acid Market - Revenue and Forecast to 2031 (US$ Million)
Figure 22. Personal Care and Cosmetics: Asia Pacific Polyacrylic Acid Market - Revenue and Forecast to 2031 (US$ Million)
Figure 23. Detergents and Cleaners: Asia Pacific Polyacrylic Acid Market - Revenue and Forecast to 2031 (US$ Million)
Figure 24. Leather and Textiles: Asia Pacific Polyacrylic Acid Market - Revenue and Forecast to 2031 (US$ Million)
Figure 25. Pulp and Paper: Asia Pacific Polyacrylic Acid Market - Revenue and Forecast to 2031 (US$ Million)
Figure 26. Paints and Coatings: Asia Pacific Polyacrylic Acid Market - Revenue and Forecast to 2031 (US$ Million)
Figure 27. Ceramics: Asia Pacific Polyacrylic Acid Market - Revenue and Forecast to 2031 (US$ Million)
Figure 28. Others: Asia Pacific Polyacrylic Acid Market - Revenue and Forecast to 2031 (US$ Million)
Figure 29. Asia Pacific Polyacrylic Acid Market, by Key Country - Revenue (2023) (US$ Million)
Figure 30. Asia Pacific Polyacrylic Acid Market Breakdown by Key Countries, 2023 and 2031 (%)
Figure 31. Australia Polyacrylic Acid Market - Revenue and Forecast to 2031 (US$ Million)
Figure 32. China Polyacrylic Acid Market - Revenue and Forecast to 2031 (US$ Million)
Figure 33. India Polyacrylic Acid Market - Revenue and Forecast to 2031 (US$ Million)
Figure 34. Japan Polyacrylic Acid Market - Revenue and Forecast to 2031 (US$ Million)
Figure 35. South Korea Polyacrylic Acid Market - Revenue and Forecast to 2031 (US$ Million)
Figure 36. Rest of APAC Polyacrylic Acid Market - Revenue and Forecast to 2031 (US$ Million)
Figure 37. Heat Map Analysis by Key Players
Figure 38. Company Positioning & Concentration

Companies Mentioned

Some of the leading companies in the Asia Pacific Polyacrylic Acid Market include:
  • Arkema SA
  • Ashland Inc
  • BASF SE
  • Evonik Industries AG
  • Nippon Shokubai Co Ltd
  • Shandong ThFine Chemical Co., Ltd
  • Sumitomo Seika Chemicals Co Ltd
  • The Dow Chemical Co
  • The Lubrizol Corp

Table Information

Report AttributeDetails
No. of Pages115
PublishedMarch 2025
Forecast Period2023 - 2031
Estimated Market Value ( USD ) in 2023 $ 859.58 Million
Forecasted Market Value ( USD ) by 2031 $ 1210 Million
Compound Annual Growth Rate4.5%
Regions CoveredAsia Pacific
No. of Companies Mentioned10

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