Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 1,393.01 Million | USD 2,179.60 Million | 5.10% | 2023 |
The global cationic acrylic polymer market size was worth around USD 1,393.01 million in 2023 and is predicted to grow to around USD 2,179.60 million by 2032 with a compound annual growth rate (CAGR) of roughly 5.10% between 2024 and 2032.
Most catalytic acrylic polymers are composed of acrylic monomers, which are polymers having cations (positively charged groups) extending along their side chains or backbone. Methacrylic acid and acrylic acid derivatives are examples of acrylic monomers that are polymerized with cationic functionalities integrated. The positively charged groups in these polymers—such as quaternary ammonium groups or other cationic groups—make them cationic. Catalytic acrylic polymers are useful in humid conditions since many of them dissolve in water or form hydrogels. Acrylic polymers that are catalytic are produced by copolymerizing cationic monomers or monomers with cationic functional groups with other acrylic monomers. This technique is known as free radical polymerization.
Growing demand from the water treatment industry drives market growth
Throughout the projection period, the water treatment industry's increasing need for cationic acrylic polymer is anticipated to fuel the global cationic acrylic polymer market expansion. Catalytic acrylic polymers are employed as coagulants and flocculants in water to draw out and collect suspended particles, colloids, and dissolved organic molecules. Pollutants' negative charges are balanced by their positive charge, which makes them aggregate into larger particles (called flocs) that are easily removed by sedimentation or filtration. They boost the efficiency of the coagulation and flocculation processes, which enhances the removal of both organic and inorganic contaminants and yields water that is cleaner and less turbid.
Concern over the environment and raw material availability hinder market growth
There are concerns about the environment because certain cationic acrylic polymers may not readily biodegrade and may be harmful to aquatic life. Strict laws about the effects of chemicals on the environment may restrict the use of these polymers. Adherence to strict environmental laws and guidelines can also raise production costs and impede market expansion, particularly in areas with strong environmental laws. In addition, raw ingredients like acrylic acid and other monomers that are required to make cationic acrylic polymers might have fluctuating costs. Changes in the price of raw materials can have an impact on profit margins and total production costs. Thus, hampering the cationic acrylic polymer industry growth over the projected period.
Growing acquisitions of advanced technology offer a lucrative opportunity for market growth
The growing acquisition in the sector is expected to offer a lucrative opportunity to the cationic acrylic polymer market growth over the forecast period. For instance, in October 2023, as a global supplier of process technologies and value-driven energy solutions, Lummus Technology recently announced that it has entered into a licensing and marketing agreement with Air Liquide Engineering & Construction for the ester-grade acrylic acid and light and heavy acrylates processes. Customers now have additional options between upstream and downstream operations as a result of Lummus' expanded propylene production and derivative product line. By incorporating the technologies for acrylic acid and acrylates into their portfolio, Lummus can provide customers with end-to-end solutions, ranging from high-value polymers and chemicals for consumer and industrial products to propane, gas, or biomass.
Competition from other technologies poses a major challenge to market expansion
Inorganic coagulants (sodium and iron salts) and other organic polymers (polyacrylamides) are examples of other flocculants and coagulants that are accessible. In certain situations, these substitutes may be more affordable or perform better. It is also possible to reduce the dependency on chemical treatments, such as cationic acrylic polymers, by consistently developing alternative water treatment technologies such as membrane filtration, sophisticated oxidation processes, and biological treatments. Therefore, the increasing competition from different technologies poses a major threat to the cationic acrylic polymer market growth.
The global cationic acrylic polymer industry is segmented based on type, application, and region.
Based on the type, the global cationic acrylic polymer market is bifurcated into cationic polyacrylamide, cationic acrylic copolymer, and others. The cationic polyacrylamide segment is expected to capture the largest market share over the projected period. To make the synthetic polymer polyacrylamide, acrylamide monomers are needed. Repetitive acrylamide units form the basis of this type of linear, water-soluble polymer. A wide range of industries use polyacrylamide because of its high water solubility. An important factor propelling the polyacrylamides market is the growing need for water treatment products. Efficient water management and purification are becoming increasingly important due to the growing worldwide population and industrial activity. The flocculation and sedimentation procedures in water treatment employ polyacrylamides to assist in removing pollutants and suspended particles. Water treatment applications are adopting polyacrylamides at an increasing rate due to growing concerns about water shortages and the need for sustainable water consumption. Thereby, driving the market growth.
Based on the application, the global cationic acrylic polymer industry is bifurcated into paper manufacturing, coatings, textiles, water treatment, and others. The water treatment segment is expected to hold a prominent market share over the projected period. The market for cationic acrylic polymer in the water treatment industry is expanding significantly because of its efficiency in enhancing water quality and satisfying regulatory requirements. Numerous important reasons such as the growing demand for clean water, strict environmental regulations, technical breakthroughs, and the growing need for sustainable solutions are driving this market rise. Besides, the coatings segment is expected to grow at a rapid rate over the forecast period. The market for cationic acrylic polymer in the coatings sector is expected to increase significantly because of its wide range of applications and the rising need for high-performing, eco-friendly coatings. Although there are obstacles in the form of raw material costs and environmental concerns, technical improvements, regulatory backing, and the expanding needs of major industries such as the automotive and construction sectors are likely to propel market expansion.
Report Attributes | Report Details |
---|---|
Report Name | Cationic Acrylic Polymer Market |
Market Size in 2023 | USD 1,393.01 Million |
Market Forecast in 2032 | USD 2,179.60 Million |
Growth Rate | CAGR of 5.10% |
Number of Pages | 213 |
Key Companies Covered | Advanced Polymer Emulsions Company, Arkema, Scott Bader Company Ltd, Gellner Industrial LLC, Specialty Polymers Inc., Nissin Chemical Co. Ltd., Devine Chemicals, Anshika Polysurf Limited, NIPPON SHOKUBAI CO. LTD., Scott Bader Company Ltd., BASF SE, Xuzhou Huide New Material Technology Co. Ltd, The Lubrizol Corporation, PENINSULA POLYMERS, ChemPoint, and others. |
Segments Covered | By Type, By Application, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Asia Pacific is expected to dominate the market during the forecast period
The Asia Pacific is expected to dominate the cationic acrylic polymer market during the forecast period. The fast industrialization and urbanization of the area are attributed to the market's expansion. Because of the increasing need for water treatment solutions brought about by the fast industrial development of nations like China, India, and Southeast Asia, catalytic acrylic polymers are widely used in these solutions. For instance, the National Statistical Office of the Government of India issued data indicating that the country's industrial production increased by 10.3% y/y in August 2023, compared to a 6.0% year-over-year gain in July. Throughout the first half of the 2023–24 fiscal year, industrial production rose 6.1% annually. Furthermore, the demand for skin care products, shampoos, conditioners, and other personal care products—where cationic acrylic polymers are employed for their conditioning and film-forming properties—is being driven by the growing middle-class population in Asia-Pacific.
The global cationic acrylic polymer market is dominated by players like:
By Type
By Application
FrequentlyAsked Questions
Most catalytic acrylic polymers are composed of acrylic monomers, which are polymers having cations (positively charged groups) extending along their side chains or backbone. Methacrylic acid and acrylic acid derivatives are examples of acrylic monomers that are polymerized with cationic functionalities integrated. The positively charged groups in these polymers—such as quaternary ammonium groups or other cationic groups—make them cationic. Catalytic acrylic polymers are useful in humid conditions since many of them dissolve in water or form hydrogels. Acrylic polymers that are catalytic are produced by copolymerizing cationic monomers or monomers with cationic functional groups with other acrylic monomers. This technique is known as free radical polymerization.
The cationic acrylic polymer market is being driven by several factors including growing urbanization & population, growing end-use industries such as construction, automotive, & others, growing collaboration, and others.
According to the report, the global cationic acrylic polymer market size was worth around USD 1,393.01 million in 2023 and is predicted to grow to around USD 2,179.60 million by 2032.
The global cationic acrylic polymer market is expected to grow at a CAGR of 5.10% during the forecast period.
The global cationic acrylic polymer market growth is expected to be driven by the Asia Pacific. It is currently the world’s highest revenue-generating market due to the rising automotive sector.
The global cationic acrylic polymer market is dominated by players like Advanced Polymer Emulsions Company, Arkema, Scott Bader Company Ltd, Gellner Industrial LLC, Specialty Polymers Inc., Nissin Chemical Co., Ltd., Devine Chemicals, Anshika Polysurf Limited, NIPPON SHOKUBAI CO., LTD., Scott Bader Company Ltd., BASF SE, Xuzhou Huide New Material Technology Co., Ltd, The Lubrizol Corporation, PENINSULA POLYMERS and ChemPoint among others.
The cationic acrylic polymer market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTLE analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five forces analysis, and value chain analysis.
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