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; it is estimated to register a CAGR of 3.6% from 2023 to 2031.
Rising Demand from Paper & Pulp Industry Drives Europe Polyacrylic Acid Market
The global paper & pulp industry is growing due to factors such as the expanding e-commerce sector, increasing demand for paper packaging products, and rising demand for eco-friendly packaging products. Countries in Europe such as Germany and Finland are major pulp and paper producers across the world. In Europe, paper production is concentrated in the northern European countries, including Finland, Russia, and Sweden. Europe is the second-largest pulp and paper manufacturer in the world, producing 100 million paper articles and 37 million tonnes of pulp, or over 25% of global production (The Confederation of European Paper Industries, 2021). After woodworking, the pulp and paper industry is the second-largest forest-based industry in the Europe. Polyacrylic acid is used as a scale inhibitor and dispersant in papermaking. Also, it functions as a cross-linker and adhesion promotor in papers. The rising production of paper and pulp, fuels the polyacrylic acid market growth.
Europe Polyacrylic Acid Market Overview
According to the Federal Ministry for the Environment, Nature Conservation, Nuclear Safety and Consumer Protection report, Germany has the highest rate of wastewater reprocessing and recycling in Europe. More than 96% of the wastewater from private households and public facilities is discharged into nearby sewage treatment plants for processing. The Federal Water Act stipulates that pollutants in drainage water must be reduced in line with the best available technology. In March 2023, Germany adopted the national water strategy, which included the development of water infrastructure. Therefore, a high rate of wastewater treatment and various government initiatives are a few factors driving the demand for polyacrylic acid in the country.
Europe Polyacrylic Acid Market Revenue and Forecast to 2031 (US$ Million)
Europe Polyacrylic Acid Market Segmentation
The Europe polyacrylic acid market is categorized into form, application, end-use industry, and country.
By form, the Europe polyacrylic acid market is segmented into powder and liquid. The liquid segment held a larger share of the Europe polyacrylic acid market share in 2023.
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 the largest share of the Europe polyacrylic acid market share in 2023.
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 the largest share of the Europe polyacrylic acid market share in 2023.
Based on country, the Europe polyacrylic acid market is segmented into Germany, France, Italy, the UK, Russia, and the Rest of Europe. Germany segment held the largest share of Europe polyacrylic acid market in 2023.
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 are some of the leading companies operating in the Europe polyacrylic acid market.
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ 574.54 Million |
| Market Size by 2031 | US$ 764.33 Million |
| CAGR (2023 - 2031) | 3.6% |
| Historical Data | 2021-2022 |
| Forecast period | 2024-2031 |
| Segments Covered |
By Form
|
| Regions and Countries Covered |
Europe
|
| Market leaders and key company profiles |
|
The Europe Polyacrylic Acid Market is valued at US$ 574.54 Million in 2023, it is projected to reach US$ 764.33 Million by 2031.
As per our report Europe Polyacrylic Acid Market, the market size is valued at US$ 574.54 Million in 2023, projecting it to reach US$ 764.33 Million by 2031. This translates to a CAGR of approximately 3.6% during the forecast period.
The Europe Polyacrylic Acid Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe Polyacrylic Acid Market report:
The Europe Polyacrylic Acid Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe Polyacrylic Acid Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Polyacrylic Acid Market value chain can benefit from the information contained in a comprehensive market report.
Please tell us your area of interest
(Market Segments/ Regions and Countries/ Companies)
E 1803, Panchshil Towers,
Wagholi, Haveli,
Pune - 412207,
Maharashtra, India
US:+16467917070
sales@businessmarketinsights.com
Get Free Sample For Europe Polyacrylic Acid Market
