At 3.6% CAGR, Europe Polyacrylic Acid Market is Projected to be Worth US$ 764.33 Million by 2031, says Business Market Insights

According to Business Market Insights' research, the Europe polyacrylic acid market was valued at US$ 574.54 million in 2023 and is expected to reach US$ 764.33 million by 2031, registering a CAGR of 3.6% from 2023 to 2031. Increasing demand for polyacrylic acid from detergent and cleaner applications and rising demand from paper & pulp industry are among the critical factors attributed to drive the Europe polyacrylic acid market growth.

Polyacrylic acids with cross-linkages are used in the manufacturing of household products such as floor cleaners. The ability of polyacrylic acid to act as a dispersing agent and chelating agent is a major factor for its widespread use in detergent and cleaner formulations. With rapid urbanization and modernization, there is a rising emphasis on maintaining clean and sanitized living environments. This increasing awareness about hygiene and cleanliness is particularly evident in urban areas where population density and shared living spaces amplify the risk of spreading germs and pathogens. As a result, consumers increasingly prioritize effective cleaning practices, including the regular use of detergents, to safeguard themselves and their families against illness and infection. Moreover, the COVID-19 pandemic raised awareness of hygiene and cleanliness across the world. The pandemic emphasized the importance of proper sanitation and hygiene practices in residential, commercial, and industrial places. Further, the growing concern about enabling a healthier and hygienic environment is leading to increasing demand for industrial detergents and cleaners. Thus, the increasing demand for polyacrylic acid from detergent and cleaner applications is expected to provide lucrative opportunities for the polyacrylic acid market in the coming times.

On the contrary, fluctuation in prices of raw materials hamper the growth of Europe polyacrylic acid market.

By form, the Europe polyacrylic acid market is segmented into powder and liquid. The liquid segment held 60.2% share of Europe polyacrylic acid market share in 2023, amassing US$ 345.60 million. It is projected to garner US$ 464.42 million by 2031 to register 3.8% CAGR during 2023-2031.

In terms of application, the Europe polyacrylic acid market is segmented into dispersing agent, anti-scaling agent, thickeners, emulsifiers, ion-exchanger, and others. The anti-scaling agents segment held 30.8% share of Europe polyacrylic acid market share in 2023, amassing US$ 177.07 million. It is projected to garner US$ 234.67 million by 2031 to register 3.6% CAGR during 2023-2031.

Based on end-use industry, the Europe 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 32.8% share of Europe polyacrylic acid market share in 2023, amassing US$ 188.43 million. It is projected to garner US$ 257.53 million by 2031 to register 4.0% CAGR during 2023-2031.

Based on country, the Europe polyacrylic acid market is categorized into Germany, France, Italy, the UK, Russia, and the Rest of Europe. Our regional analysis states that Germany captured 26.9% share of Europe polyacrylic acid market in 2023. It was assessed at US$ 154.68 million in 2023 and is likely to hit US$ 213.70 million by 2031, registering a CAGR of 4.1% during 2023-2031.

Key players operating in the Europe polyacrylic acid market are Arkema SA, Ashland Inc, BASF SE, Evonik Industries AG, Glentham Life Sciences Limited, Nippon Shokubai Co Ltd, Sumitomo Seika Chemicals Co Ltd, The Dow Chemical Co, and The Lubrizol Corp, among others.

In 2023: Lubrizol Life Science Beauty launched a thickening agent Carbopol SC-800 for personal care products. The rheology modifier solution for mild and sulfate-free formulations is ideal for shower gels, shampoos and facial cleansers.


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