The global Polyacrylic Acid (PAA) market size was USD 3.70 Billion in 2022 and is expected to register a steady revenue CAGR of 5.0% during the forecast period, according to latest analysis by Emergen Research. Increasing need for water treatment is the key factor driving market revenue growth.
Some of the key factors driving the growth of the global Polyacrylic Acid market include expanding R&D efforts to develop novel Polyacrylic Acid products for a variety of applications and rising demand for mercury control technology for industrial air purification. The most recent data on the COVID-19 pandemic market condition is provided in the research. The investigation indicates that COVID-19 plays a vital role in the market’s dynamically altered environment. The study carefully investigates how the pandemic has altered market dynamics and trends while also precisely analysing how the crisis has impacted the market as a whole.
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Effect of COVID-19 on the global market for Polyacrylic Acid
The COVID-19 pandemic had a significant negative influence on the market for Polyacrylic Acid in 2020, significantly decreasing its CAGR. In 2020, manufacturers and suppliers of Polyacrylic Acid were significantly impacted by federal and national safety and legal orders. The majority of businesses have been impacted by the COVID-19 pandemic. Mandates for business closures, restricted municipal and state government office activities, and social conventions of distance had an impact on the production of Polyacrylic Acid in 2020. Additionally, demand for Polyacrylic Acid decreased across a range of end-use sectors. The pandemic epidemic also resulted in a decline in global investments in the water sector.
Polyacrylic Acid market : Competitive Landscape
The prominent players operating in the Polyacrylic Acid market are profiled in-depth in the report and their strategies, collaborations, and product innovations. The analysis of the key players and their strategies to fortify their presence in the market impart a better understanding of the competitive landscape of the Polyacrylic Acid market .
Some of the prominent players operating in the market are:
Ashland Global Holdings Inc., Arkema S.A, BASF SE, Kemira Oyj, Nippon Shokubai Co., Ltd., Aurora Fine Chemicals, Acuro Organics Limited, Maxwell Additives Pvt. Ltd., Chemtex Speciality Limited, and Polysciences Inc
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The research study examines historic data from 2018 and 2020 to draw forecasts until 2028. The timeline makes the report an invaluable resource for readers, investors, and stakeholders looking for key insights in readily accessible documents with the information presented in the form of tables, charts, and graphs.
Key questions answered in the report:
What will be the development pace of Polyacrylic Acid market ?
What are the key factors driving the Global Polyacrylic Acid market ?
Who are the key manufacturers in the market space?
What are the openings, hazards, and outline of the market?
What is sales, revenue, and price analysis of top manufacturers of Polyacrylic Acid market ?
Who are the distributors, traders, and dealers of Polyacrylic Acid market ?
What are the Polyacrylic Acid market opportunities and threats faced by the vendors in the Global Polyacrylic Acid industries?
What are deals, incomes, and value examinations by types and utilizations of the market?
What are deals, income, and value examinations by areas of enterprises?
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Segments Covered in this report are:
-
Type Outlook (Revenue, USD Billion; 2019-2032)
- CoPolymer
- HomoPolymer
- TerPolymer
-
Grade Outlook (Revenue, USD Billion; 2019-2032)
- Industrial Grade
- Cosmetic Grade
- Pharmaceutical Grade
-
Physical State Outlook (Revenue, USD Billion; 2019-2032)
- Liquid Polyacrylic Acid
- Powder Polyacrylic Acid
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Regional Bifurcation of the Polyacrylic Acid market Includes:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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