Carbomer (Polyacrylic Acid) Market Overview:
The trade value of acrylic polymers was $15.85 billion in 2018 which has increased with an annual the rate of 2% between 2014 and 2018, according to the International Trade Centre (ITC). A significant part of this trade value is attributable to the trade of carbomer or polyacrylic acid. This resonates with the lucrative carbomer market that had a valuation of $2,500 million as of 2018. Furthermore, the application of carbomer in various industries is projected to escalate at a CAGR of 5.50% during the forecast period 2019-2025.
Indian agricultural sector GDP was 15.6% in 2017, which supported the carbomer market in the country. Carbomer is used in the cultural sector for soil conditioning. On the other hand, a substantial consumer of carbomer – the automobile industry is making strides in China. Moreover, the growing construction and electronics sector in countries of APAC is significantly boosting the carbomer market. APAC had the maximum polyacrylic acid market share of 43% in 2018.
Carbomer (Polyacrylic Acid) Market Outlook:
Carbomer or poly (acrylic acid) is a high molecular weight polymer obtained by synthesis of potassium persulfate or azobisisobutyronitrile (AIBN) and used in producing polyacrylic acid sodium salt. The polymer finds applications in agriculture, personal care, electronics, automobile manufacture, construction, and others.
Due to the rise in disposable personal income worldwide, the personal care industry is observing growth prospects. Furthermore, there is a trend of male grooming which is increasing the sales of male personal care products, and it is increasing the revenue generated in the personal care industry. Carbomer is commonly used to control the consistency and flow of cosmetics and personal care products in the personal care industry. The personal care application segment of the carbomer market is estimated to witness a CAGR of 7.60% through 2025.
Carbomer (Polyacrylic Acid) Market Growth Drivers & Trends:
· Demand Influx from the Adhesives Industry –
The growth of the adhesives industry can be fathomed from the booming industrial adhesives, epoxy adhesives, and packaging adhesives market. Carbomer present in adhesives, even in low content, builds viscosity and reduces the gel point of starch or dextrin. The addition of carbomer reduces the need for 12 additional cross-linking effects and initiates the corrugating process. Polyacrylic is also commonly used in automotive adhesives and roofing adhesives.
· The Detergent Industry Supporting the Carbomer Market –
According to ITC, the trade value of surface active, washing, and cleaning preparations stood at $14.4 billion as of 2018. This makes up for growing surfactants and laundry detergent market worldwide. Detergents are mostly co-polymers of acrylic acid that is used in both – zeolites and phosphates for washing powder formulations. The application of acrylic acid in detergents is creating opportunities in the polyacrylic acid market.
· The Growth of the Paints & Coatings Market –
The paints & coatings market was valued to be $127,855 million as of 2018, and the demand is projected to increase at a CAGR of 4.69% through 2025. Carbomer is used in paints and coatings as a thickener, and the growing paints & coatings market is expanding the carbomer market size.
· Growth Prospects in the Construction Industry –
Carbomer are commonly used in the construction industry in the form of floor coating. The vendors in the carbomer market are leveraging this application in order to increase their revenue.
Carbomer (Polyacrylic Acid) Market Key Players Perspective –
The major players ahead of the curve in the carbomer market are Ashland Global Specialty Chemicals Inc., The Lubrizol Corporation, Arkema, Nippon Shokubai Co. Ltd., Zaozhuang DongTao Chemical Technology Co. Ltd., ShanDong XinTai Water Treatment Technology Co. Ltd., Henan Qingshuiyuan Technology Co., Ltd., Zouping Dongfang Chemical Industry Co., Ltd., Evonik Industries AG, and AkzoNobel.
Carbomer (Polyacrylic Acid) Market Research Scope:
The base year of the study is 2018, with forecast done up to 2025. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. It also provides information on unit shipments. These provide the key market participants with the necessary business intelligence and help them understand the future of the carbomer market. The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period. This report further identifies the key opportunities for growth while also detailing the key challenges and possible threats. The carbomer market research report also analyses the application of carbomer in industries such as agriculture, personal care, electronics, automobile manufacture, construction, and others.
Carbomer (Polyacrylic Acid) Market Report: Industry Coverage
The carbomer market
report identified the current trends, opportunities, and challenges in the
industry along with a detailed depiction of strategies by the existing market
The carbomer market analysis the demand for the material based on physical shape that includes solid, liquid, powder, crystals, and granules and also based on packaging that includes bags, bottles, drums, and others).
The carbomer market research report provides insights about the products on the basis of manufacturing methods that includes free radical polymerization, and others. It also gives a detailed documentation of the sales of polyacrylic acid in distribution channels such as large retailers, online portals, pharmacies, and others.
The report also analyzes the major geographic regions as well as the major countries in these regions. The regions and countries covered in the study include:
Key Questions Addressed in the Carbomer (Polyacrylic Acid) Market Report
Is the market demand for carbomer growing? How long will it continue to grow and at what rate?
Which type of carbomer presents the major growth opportunities?
Is there a possibility for change in the market structure over time?
Are additional developments needed for the existing product or services offerings or do the existing products meet the customer demands?
Do the key vendors look for partnerships to expand their businesses with respect to geography or product?
What are the short-term, long-term, and medium-term growth drivers for the market?
What are the short-term, medium-term, and long-term challenges for the market?
What are the short-term, medium-term, and long-term opportunities for the market?
Who are the top players/companies of the market?
What are the recent innovations in the market?
How many patents have been filed by the leading players?
What are the types of patents filed by the leading players?
What is our Vision 2030 for the carbomer market?
A Few Focus Points Of This Research Are Given Below: