The global polyacrylic acid market is projected for high growth till 2025 due to its application in detergents, industrial cleaners, and water and waste water treatment, according to a report published by Grand View Research, Inc. Polyacrylic acid (PAA) is a compound for various polymers of acrylic acid. Its derivatives are used in super absorbent polymers (SAP), adhesives, and thickening agents in paints and cosmetics. Other major applications include consumer electronics, detergents and cleaners, water and wastewater treatment, inks, and coatings.
Researchers have come up with a novel process to treat industrial waters. The process utilizes polyacrylic acid-functionalized magnetic ordered mesoporous carbon (P-MMC) to eliminate particles of cupric oxide and atrazine via adsorption. This method can be used by major industries to reduce the probability of copper poisoning. Consumer electronic products also use PAA compounds to resolve heat transfer issues. In addition, the compound can reduce overall product weight.
Major manufacturers are planning on investing in SAPs on account of their application in agriculture and personal care sectors. For instance, Nippon Shokubai, a Japanese chemicals manufacturer, has decided to develop a new process in collaboration with Kobe University to create polymers from natural resources. Thus, basic raw materials such as propylene or polyacrylic acid derived from biomass sources can be used to produce environment-friendly products such as disposable diapers.
The worldwide polyacrylic acid market is expected to net nearly USD 3.8 billion by 2025, exhibiting a 6% CAGR from 2014 to 2025 (forecast period). Consumer awareness with respect to the compound has led to its inclusion in liquid detergents. Research in bio-based materials is expected to provide new opportunities for market growth. The detergents and cleaners application segment is projected to exhibit a decent growth rate over the forecast period.
Prominent market players include BASF SE, The Dow Chemical Company, Kemira Oyj, and The Lubrizol Corporation.
In-Depth Research Report On Polyacrylic Acid Market:
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