Poly Carboxylate Polymer Market - Forecast(2023 - 2028)

Poly Carboxylate Polymer Market Overview

The Poly Carboxylate Polymer Market size is estimated to grow at a CAGR of 3.4% during the forecast period 2022-2027. The poly carboxylates polymers are a copolymer of acrylic acid and maleic acid, with high molecular mass and various groups and are obtained from methoxy-polyethylene glycol. This polymer is used as builders in detergents and has growing applications in superplasticizers, concrete admixtures and others. Poly carboxylate polymers have major demand in the construction sector for concrete, cement, superplasticizers and others owing to their superior features such as high strength, pump ability, efficient dispersion and superior flow ability. Moreover, growing applicability in cleaning and laundry care act as a driving factor in the poly carboxylate polymer market. In addition, the rise in housing projects and infrastructural developments are propelling the growth in the global poly carboxylates industry. The covid-19 outbreak resulted in major disruption in the poly carboxylate polymer market due to logistics restrictions, closure of building & construction sites and other lockdown restrictions. However, significant recovery in major end-use sectors such as residential, commercial, industrial, infrastructural, cleaning and others industries post-pandemic are boosting the demand for poly polycarboxylate polymer. Thus, the poly carboxylate polymer industry is anticipated to grow rapidly and contribute to the poly carboxylate polymer market size during the forecast period.

Poly Carboxylate Polymer Market Report Coverage

The “Poly Carboxylate Polymer Market Report – Forecast (2022-2027)” by IndustryARC, covers an in-depth analysis of the following segments in the Poly Carboxylate Polymer Industry.

Key Takeaways

• The Asia-Pacific dominates the Poly Carboxylate Polymer Market owing to the growth factors such as growing construction advancements, flourishing base for cleaning and urbanization, thereby boosting growth in this region.
• The flourishing residential construction across the world is propelling the demand for poly carboxylate polymer for various applications such as cement, concrete admixtures, gypsum and others, thereby influencing the growth in the poly carboxylate polymer market size.
• The demand for poly carboxylate polymer in cleaning applications is significantly growing for a wide range of utility and applicability in laundry detergents, bleaches and others, thereby offering major growth in the poly carboxylate polymer industry.
• However, the potential environmental risks associated with poly carboxylate polymer, a copolymer of acrylic acid; and contact with aquatic life act as a challenging factor in the poly carboxylate polymer industry.

Figure: Asia-Pacific Poly Carboxylate Polymer Market Revenue, 2021-2027 (US$ Million)

Poly Carboxylate Polymer Market Segment Analysis – by Type

The liquid poly carboxylate segment held a significant Poly Carboxylate Polymer Market share in 2021 and is forecasted to grow at a CAGR of 3.2% during the forecast period 2022-2027. The demand for liquid poly carboxylate polymer is high compared to solid type owing to its preferability for utility in water reducing concrete admixtures and acts as superplasticizers with increased workability, high strength, flow ability and superior adhesion. Due to superior features and robust demand for liquid type in concrete and cement mixtures, its applicability in the building & construction sector is significantly growing. Thus, with increasing utilization of liquid type as water-reducing agents and high performance in major end-use industries, the liquid poly carboxylate polymer segment type is projected to grow exponentially in the poly carboxylate polymer industry during the forecast period.

Poly Carboxylate Polymer Market Segment Analysis – by End-Use Industry

The residential construction segment held a significant Poly Carboxylate Polymer Market share in 2021 and is forecasted to grow at a CAGR of 3.7% during the forecast period 2022-2027. The poly carboxylates polymer, belonging to the polyethylene glycol group; has flourishing demand in the residential construction sector for concrete admixtures, gypsum, cement, superplasticizers and others due to its water-reducing feature, dispersion, high flow ability and pump ability. The residential construction industry is significantly flourishing owing to growth factors such as a rise in residential housing and accommodation projects, demand for modular construction and urbanization. For instance, according to the U.S. Census Bureau, residential construction spending in the US rose from US$797.728 in May 2021 to US$947,272 in May 2022. According to the International Trade Administration (ITA), the construction sector in China is projected to grow by an annual average of 8.6% between 2022 and 2030. With the increase in construction projects and residential development, the applicability of poly carboxylates polymers for cement, superplasticizers and others is rising, which, in turn, is anticipated to boost the growth prospects for the residential sector in the poly carboxylate polymer market during the forecast period.

Poly Carboxylate Polymer Market Segment Analysis – by Geography

The Asia-Pacific held the largest Poly Carboxylate Polymer Market share in 2021 up to 45% and is forecasted to grow at a CAGR of 3.9% during the forecast period 2022-2027. The robust demand and growth of poly carboxylate polymer in this region are influenced by the growing construction sector, rapid manufacturing base and establishment of the latest infrastructural projects. The construction industry is significantly growing in APAC due to the rise in residential housing and development of commercial spaces, investments in various public transportation and infrastructural projects and urbanization trend. For instance, according to the National Investment Promotion & Facilitation Agency, the construction sector in India is projected to reach US$1.4 trillion by 2025. According to Japan’s Ministry of Land, Infrastructure, Transport and Tourism, residential construction orders for new houses increased to 32.3% in June 2021 over June 2020. With the fast-paced development and production in the construction sector, the applicability of poly carboxylate, belonging to the polyethylene glycol group; in various construction materials such as cement, concrete and others is rising, which, in turn, is projected to boost the growth scope for the Asia-Pacific region in the poly carboxylate polymer market and contribute majorly in the poly carboxylate polymer market size during the forecast period.

Poly Carboxylate Polymer Market Drivers

Rapid Growth in Commercial & Infrastructural Construction Sector:

The poly carboxylate polymer has significant applicability in the commercial and infrastructural construction sector for concrete admixtures, superplasticizers, gypsum and others. The construction sector is fast-paced owing to growth factors such as growing infrastructural projects, demand for green buildings and urbanization. For instance, according to Statistics Canada, the investment in commercial construction increased by 1.7% in December 2021 compared to the previous year. According to the National Investment Promotion & Facilitation Agency, under NIP 2019-2025, an investment budget of US$1.4 trillion has been allocated in India, with 16% on urban infrastructure, 19% on highways and roads and 13% on railways. With the robust growth of commercial and infrastructural construction activities, the demand for poly carboxylate polymer for applicability in concrete admixtures, cement and others is rising, thereby propelling the demand and driving the poly carboxylate polymer industry.

Flourishing Growth of the Cleaning Industry:

The polycarboxylate polymer has significant applications in the cleaning industry for the household and industrial segment. The poly carboxylate polymers are found in dishwashing and laundry care products and facilitate superior cleaning applicability. The cleaning industry is rapidly flourishing owing to growth factors such as major emphasis on hygiene and cleanliness and the growing production of laundry care products. For instance, according to the India Brand Equity Foundation (IBEF), the dishwasher sector in India is expected to reach US$90 million by 2025-2026. According to the European Cleaning & Facilities Service Industry (EFCI) Report, the revenues for the cleaning industry in Europe increased by 8% to reach US$135 billion in 2020-21. According to British Cleaning Council (BCC), in UK, the soap and detergent cleaning and perfume and toilet preparation increased by 1.2% in 2021 compared to 2020. With the rapid increase in cleaning applications and laundry care demand, the applications for poly carboxylate polymer in bleach, soaps, detergents and others are rising, which, in turn, is providing major growth scope and driving the poly carboxylate polymer industry.

Poly Carboxylate Polymer Market Challenges

Potential Toxic Effects and Poor Biodegradability of Poly Carboxylate Polymer:

The potential low toxic impacts of the poly carboxylate polymer are a major growth restraining factor. Poly carboxylate has potent hazardous effects such as skin and eye irritation in animals. Moreover, several aquatic risks are examined from the poly carboxylate polymer used for cleaning. Prolonged exposure to this poly carboxylic acid compound can lead to a major threat to the marine life. Moreover, the poly carboxylate polymers offer poor biodegradability, which leads to eco-toxicity and waste accumulation. The applicability and utility for poly carboxylate thereby face restrictions and hindrances due to major biodegradability and emerging potential health risks. Thus, the poly carboxylate polymer industry is anticipated to face major challenges and a growth slowdown.

Poly Carboxylate Polymer Industry Outlook

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Poly Carboxylate Polymer Market. The 10 companies in the Poly Carboxylate Polymer Market are:

1. BASF SE
2. KG Chemical Corporation
3. Himadri Specialty Chemicals Ltd.
4. B&B Specialities Pvt. Ltd.
5. CICO Technologies Limited
6. Arkema
7. Sintez Kimya
8. Fosroc International Limited
9. Mapei S.P.A
10. Sika AG

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