Global Polycarboxylic Acid Market Overview
In value terms, polycarboxylic acid production totaled $ in 2019 estimated in export prices. The total output value increased at an average annual rate of +% over the period from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2011 with an increase of % against the previous year. Global production peaked at $ in 2013; however, from 2014 to 2019, production failed to regain the momentum.
The country with the largest volume of polycarboxylic acid production was China ( tonnes), accounting for % of total volume. Moreover, polycarboxylic acid production in China exceeded the figures recorded by the second-largest producer, South Korea ( tonnes), threefold. India ( tonnes) ranked third in terms of total production with a % share.
In China, polycarboxylic acid production increased at an average annual rate of +% over the period from 2007-2019. In the other countries, the average annual rates were as follows: South Korea (-% per year) and India (-% per year).
The global polycarboxylic acid market size contracted slightly to $ in 2019, which is down by -% 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). Over the period under review, consumption, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2011 with an increase of % against the previous year. As a result, consumption attained the peak level of $. From 2012 to 2019, the growth of the global market failed to regain the momentum.
From 2007 to 2019, the average annual rate of growth in terms of volume in China stood at +%. The remaining consuming countries recorded the following average annual rates of consumption growth: India (+% per year) and the U.S. (+% per year).
In value terms, China ($) led the market, alone. The second position in the ranking was occupied by India ($). It was followed by the U.S..
From 2007 to 2019, the average annual rate of growth in terms of value in China totaled +%. In the other countries, the average annual rates were as follows: India (+% per year) and the U.S. (-% per year).
The countries with the highest levels of polycarboxylic acid per capita consumption in 2019 were Germany ( kg per person), the UK ( kg per person) and Turkey ( kg per person).
From 2007 to 2019, the biggest increases were in Germany, while polycarboxylic acid per capita consumption for the other global leaders experienced more modest paces of growth.