In 2023, South Korea emerged as the leading exporter of polycarboxylic acid, with exports valued at $2.22 billion, followed by China at $1.54 billion and the United States at $0.699 billion. The year-on-year growth rates indicated notable increases, with South Korea achieving significant growth, while China also showed strong upward momentum. Over the past two years, the United States and the Netherlands experienced moderate growth, whereas Mexico and Germany posted smaller increases.
Looking forward, the market is expected to sustain positive growth trends driven by technological advancements, increased demand from the construction and automotive industries, and environmental regulations promoting sustainable products. Key players like South Korea and China are anticipated to further strengthen their market positions by enhancing their production capacities and advancing innovative solutions.
Top countries in Top Exporters of Polycarboxylic Acid
| # | 10 Countries | Million US Dollars | Last Year | |
|---|---|---|---|---|
| 1 | 1 South Korea | 2,220 | 2016 | |
| 2 | 2 China | 1,540 | 2016 | |
| 3 | 3 United States | 699.36 | 2016 | |
| 4 | 4 Netherlands | 516.64 | 2016 | |
| 5 | 5 Mexico | 499.39 | 2016 | |
| 6 | 6 Germany | 400.38 | 2016 | |
| 7 | 7 India | 337.36 | 2016 | |
| 8 | 8 Italy | 318.7 | 2016 | |
| 9 | 9 Poland | 314.26 | 2016 | |
| 10 | 10 Japan | 261.96 | 2016 |