For the Quarter Ending June 2024
North America
In the second quarter of 2024, spanning from April to June, the Polyacrylic Acid market in North America exhibited notable resilience and adaptability. Despite ongoing economic challenges related to the geopolitical tensions, the market remained robust. Key sectors such as personal care and water treatment continued to drive substantial demand for polyacrylic acid. Additionally, the growing use of super-absorbent polymers, where polyacrylic acid plays a crucial role, supported market stability and growth.
However, the industry faced obstacles due to stringent regulations on the discharge of chemically treated effluent, which impacted manufacturing processes. In response to these challenges, researchers and industry professionals explored innovative solutions, such as the development of polyacrylic acid nanocomposites, which could offer significant advancements and growth opportunities in the future.
Overall, while the North American Polyacrylic Acid market encountered regulatory and competitive pressures, it demonstrated strong adaptability and resilience. The sector's ability to navigate these challenges and embrace technological innovations positioned it well for continued progress and potential expansion in the coming months.
APAC
The market of Polyacrylic acid showed notable rise in Q2 2024 in the Asia-Pacific region. Particularly in India, due to continued industrial growth and increasing demand in the expanding industrial sector pushed the prices in this quarter. The prices continued to show notable rise throughout the quarter indicating the sustained demand demographics in the Indian market. The prices rose by 4% compared to the previous quarter while remaining stable in the first and second halves of the same quarter. As India continues to invest in infrastructure projects, polyacrylic acid is used in concrete additives to enhance durability and performance. This trend positively impacts market growth. In conclusion, the market remained bullish in the second quarter with prospects of continued expansion.
Europe
In Q2 2024, the market for Polyacrylic acid was positive and showed notable rise in the prices. Key factors contributing to this trend include significant product usage in industrial water treatment and superabsorbent polymers. Notably, countries like Germany and France are the top consumers of polyacrylic acid. Polyacrylic acid plays a vital role in preventing hydrate development in oil and gas pipelines, further fuelling market growth. Additionally, strict environmental regulations for wastewater discharge are driving increased use of polyacrylic acid in sewage treatment applications. Its effectiveness as a scale and corrosion inhibitor in industrial and municipal water treatment, particularly in the United States, is also contributing to its growth. Particularly in France, prices of Polyacrylic acid showed notable decline of 4% compared to the previous quarter whereas prices in the first half and second half of the same quarter remained notably stable. The prices stood at USD 8393/MT CFR Le Havre France. In summary, the European polyacrylic acid market is poised for continued expansion, with a focus on sustainable water treatment and innovative applications.
