Updated Jun 29, 2022 20:46

Polycarboxylic Acid Market in the United States

Market Overview
The U.S. polycarboxylic acid market totaled $ in , increasing 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). In general, the total consumption indicated slight growth from 2007 to : its value increased at an average annual rate of +% over the last fourteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption decreased by -% against 2019 indices. Over the period under review, the market attained the maximum level at $ in 2016; however, from 2017 to , consumption remained at a lower figure.

In value terms, polycarboxylic acid production stood at $ in . Overall, production recorded a mild shrinkage. The growth pace was the most rapid in 2015 when the production volume increased by % against the previous year. Polycarboxylic acid production peaked at $ in 2007; however, from 2008 to , production failed to regain momentum.


Consumption
In , consumption of polycarboxylic acids was finally on the rise to reach tons after two years of decline. In general, consumption saw a relatively flat trend pattern. Over the period under review, consumption hit record highs at tons in 2016; however, from 2017 to , consumption failed to regain momentum.

The value of the polycarboxylic acid market in the United States stood at $ in , increasing 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, the total consumption indicated a modest expansion from 2007 to : its value increased at an average annual rate of +% over the last fifteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption increased by +% against indices. Polycarboxylic acid consumption peaked at $ in 2016; however, from 2017 to , consumption stood at a somewhat lower figure.


Market Forecast
Driven by increasing demand for polycarboxylic acid in the United States, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to accelerate, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to tons by the end of .

In value terms, the market is forecast to increase with an anticipated CAGR of +% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .


Market Structure
In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports decreased moderately (- percentage point) over the period under review.


Trade Balance
The United States remains a net importer of polycarboxylic acid; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a significant trade deficit of tons, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.