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World - Polycarboxylic Acids - Market Analysis, Forecast, Size, Trends and Insights
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The article highlights the increasing demand for polycarboxylic acids globally, with a projected CAGR of +2.7% in consumption and +3.8% in market value from 2022 to 2030. Key insights include consumption volumes, market size, import and export data, as well as the top producing and importing countries in the industry. China emerges as a dominant player in both production and exports, while India, the United States, and Turkey are significant importers. Market trends, price fluctuations, and growth rates are thoroughly analyzed to provide a comprehensive overview of the polycarboxylic acid market.
Market Forecast
Driven by increasing demand for polycarboxylic acids worldwide, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +2.7% for the period from 2022 to 2030, which is projected to bring the market volume to 32M tons by the end of 2030.
In value terms, the market is forecast to increase with an anticipated CAGR of +3.8% for the period from 2022 to 2030, which is projected to bring the market value to $42.3B (in nominal prices) by the end of 2030.
Consumption
World Consumption of Polycarboxylic Acids
In 2022, global polycarboxylic acid consumption contracted to 26M tons, with a decrease of -9.6% against the previous year's figure. The total consumption volume increased at an average annual rate of +2.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak volume of 29M tons, and then fell in the following year.
The global polycarboxylic acid market size dropped to $31.3B in 2022, waning by -5.2% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption continues to indicate a relatively flat trend pattern. Global consumption peaked at $33.6B in 2012; however, from 2013 to 2022, consumption failed to regain momentum.
Consumption By Country
The countries with the highest volumes of consumption in 2022 were India (2.7M tons), the United States (2.5M tons) and China (2.2M tons), with a combined 29% share of global consumption. Brazil, Mexico, Turkey, Vietnam, Japan, Pakistan, Germany, Indonesia, Oman and Lithuania lagged somewhat behind, together accounting for a further 39%.
From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +15.6%), while consumption for the other global leaders experienced more modest paces of growth.
In value terms, the largest polycarboxylic acid markets worldwide were the United States ($4.5B), India ($2.9B) and China ($2.9B), with a combined 33% share of the global market. Turkey, Japan, Germany, Mexico, Vietnam, Pakistan, Brazil, Lithuania, Indonesia and Oman lagged somewhat behind, together comprising a further 32%.
Turkey, with a CAGR of +14.3%, saw the highest growth rate of market size among the main consuming countries over the period under review, while market for the other global leaders experienced more modest paces of growth.
The countries with the highest levels of polycarboxylic acid per capita consumption in 2022 were Lithuania (220 kg per person), Oman (113 kg per person) and Turkey (13 kg per person).
From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +14.4%), while consumption for the other global leaders experienced more modest paces of growth.
Production
World Production of Polycarboxylic Acids
Global polycarboxylic acid production declined to 27M tons in 2022, dropping by -8.6% against the year before. The total output volume increased at an average annual rate of +2.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when the production volume increased by 17% against the previous year. As a result, production reached the peak volume of 29M tons, and then shrank in the following year.
In value terms, polycarboxylic acid production reduced to $28.4B in 2022 estimated in export price. The total output value increased at an average annual rate of +1.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when the production volume increased by 35%. As a result, production reached the peak level of $32B, and then shrank in the following year.
Production By Country
China (6.4M tons) remains the largest polycarboxylic acid producing country worldwide, comprising approx. 24% of total volume. Moreover, polycarboxylic acid production in China exceeded the figures recorded by the second-largest producer, South Korea (2.7M tons), twofold. The third position in this ranking was taken by the United States (2M tons), with a 7.3% share.
From 2012 to 2022, the average annual growth rate of volume in China stood at +44.8%. In the other countries, the average annual rates were as follows: South Korea (-4.6% per year) and the United States (+3.1% per year).
Imports
World Imports of Polycarboxylic Acids
In 2022, the amount of polycarboxylic acids imported worldwide reduced slightly to 14M tons, waning by -4.6% compared with 2021. Over the period under review, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 14% against the previous year. Over the period under review, global imports reached the maximum at 15M tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.
In value terms, polycarboxylic acid imports skyrocketed to $20.3B in 2022. In general, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 56% against the previous year. Over the period under review, global imports attained the maximum at $20.8B in 2012; however, from 2013 to 2022, imports failed to regain momentum.
Imports By Country
In 2022, India (2M tons), followed by Turkey (1,276K tons), Vietnam (1,032K tons), the United States (903K tons), Germany (816K tons) and Italy (677K tons) represented the major importers of polycarboxylic acids, together comprising 49% of total imports. Lithuania (616K tons), Oman (605K tons), China (530K tons), Spain (442K tons), Egypt (380K tons), the Netherlands (364K tons) and Russia (324K tons) followed a long way behind the leaders.
From 2012 to 2022, the biggest increases were recorded for Egypt (with a CAGR of +23.3%), while purchases for the other global leaders experienced more modest paces of growth.
In value terms, the largest polycarboxylic acid importing markets worldwide were Turkey ($2.2B), India ($2.2B) and the United States ($1.5B), with a combined 29% share of global imports. Germany, Italy, Vietnam, China, the Netherlands, Spain, Lithuania, Oman, Egypt and Russia lagged somewhat behind, together accounting for a further 37%.
Among the main importing countries, Egypt, with a CAGR of +19.7%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.
Import Prices By Country
The average polycarboxylic acid import price stood at $1,476 per ton in 2022, surging by 22% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 37%. Global import price peaked in 2022 and is expected to retain growth in the near future.
There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($1,907 per ton), while Oman ($932 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+2.2%), while the other global leaders experienced more modest paces of growth.
Exports
World Exports of Polycarboxylic Acids
In 2022, global polycarboxylic acid exports reduced modestly to 15M tons, shrinking by -2.8% on 2021. Overall, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 25% against the previous year. As a result, the exports attained the peak of 15M tons, and then declined modestly in the following year.
In value terms, polycarboxylic acid exports rose sharply to $19.4B in 2022. In general, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by 63%. Over the period under review, the global exports hit record highs in 2022 and are likely to see gradual growth in the immediate term.
Exports By Country
In 2022, China (4.7M tons), distantly followed by South Korea (2.6M tons), Taiwan (Chinese) (1.1M tons), Thailand (1.1M tons) and Belgium (0.7M tons) represented the major exporters of polycarboxylic acids, together achieving 69% of total exports. The following exporters - Germany (621K tons), Portugal (542K tons), the Netherlands (457K tons), Canada (452K tons), Poland (407K tons) and the United States (336K tons) - together made up 19% of total exports.
From 2012 to 2022, the biggest increases were recorded for Canada (with a CAGR of +33.5%), while shipments for the other global leaders experienced more modest paces of growth.
In value terms, China ($5.5B) remains the largest polycarboxylic acid supplier worldwide, comprising 28% of global exports. The second position in the ranking was held by South Korea ($2.7B), with a 14% share of global exports. It was followed by Taiwan (Chinese), with a 7.7% share.
In China, polycarboxylic acid exports expanded at an average annual rate of +18.2% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: South Korea (-5.7% per year) and Taiwan (Chinese) (-5.2% per year).
Export Prices By Country
In 2022, the average polycarboxylic acid export price amounted to $1,312 per ton, picking up by 18% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average export price increased by 31%. Over the period under review, the average export prices hit record highs at $1,404 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United States ($2,650 per ton), while Thailand ($853 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+3.7%), while the other global leaders experienced more modest paces of growth.
This report provides an in-depth analysis of the global polycarboxylic acid market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20143383 - Oxalic, azelaic, malonic, other, cyclanic, cylenic or cycloterpenic polycarboxylic acids, salts
- Prodcom 20143385 - Adipic acid, its salts and esters
- Prodcom 20143387 - Maleic anhydride
- Prodcom 20143410 - Dibutyl and dioctyl orthophthalates
- Prodcom 20143420 - Other esters of orthophthalic acid
- Prodcom 20143430 - Phthalic anhydride, terephthalic acid and its salts
- Prodcom 20143440 - Aromatic polycarboxylic acids, their anhydrides, halides, p eroxides, peroxyacids and their halogenated, sulphonated, n itrated or nitrosated derivatives (excluding esters of orthophthalic acid, phthalic anhydride, terephthalic acid and
Country coverage:
Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:
- USA
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
+ the largest producing countries
Data coverage:
- Global market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Global production, split by region and country
- Global trade (exports and imports)
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
This report provides an in-depth analysis of the global polycarboxylic acid market.
This report provides an in-depth analysis of the global market for oxalic, azelaic, malonic and other cyclanic, cylenic or cycloterpenic polycarboxylic acids and their salts.
This report provides an in-depth analysis of the global market for phthalic anhydride and terephthalic acid.
This report provides an in-depth analysis of the global maleic anhydride market.
Global Orthophthalic Acid Esters Market Report 2018. This report provides an in-depth analysis of the global orthophthalic acid esters market.
This report provides an in-depth analysis of the global market for dibutyl and dioctyl orthophthalates other esters of orthophthalic acid.
This report provides an in-depth analysis of the global adipic acid market.
Global demand for polycarboxylic acids is projected to increase over the next seven years, with market volume expected to reach 32M tons by 2030. Market performance is forecasted to expand with an anticipated CAGR of +1.8% from 2023 to 2030, reaching a market value of $42.3B by the end of 2030. Key consuming countries include the United States, China, and India, with Belgium showing the highest rates of growth in consumption.
Explore the top import markets for Polycarboxylic Acid in 2023, including Turkey, India, the United States, and more. Learn about the key statistics and trends driving the global demand for this essential chemical compound.
The global polycarboxylic acid market revenue amounted to $42.8B in 2018, rising by 3.5% against the previous year....
Global polycarboxylic acid imports totaled X tons in 2016, descending by -X% against the previous year level. In general, polycarboxylic acid imports continue to indicate a pronounced curtailmen...
Explore the top import markets for Phthalic Anhydride and Terephthalic Acid and their key statistics. Discover the countries with the highest import values for these chemical compounds. Learn how Turkey, India, and Vietnam dominate the market.
Explore the top import markets for Phthalic Anhydride and Terephthalic Acid, including Turkey, India, Vietnam, and more. Discover key statistics and market values.
Discover the latest insights on the global market for adipic acid, its salts, and esters, with projections showing a steady increase in consumption over the next seven years. Market performance is expected to accelerate, reaching a volume of 6.8M tons and a value of $15.6B by the end of 2030.