Polyacrylic Acid Sales

Polyacrylic Acid Sales Market Outlook

The global polyacrylic acid market is projected to reach approximately USD 5.2 billion by 2035, growing at a compound annual growth rate (CAGR) of around 6.3% during the forecast period from 2025 to 2035. This growth is attributed to the increasing demand for polyacrylic acid in various applications such as water treatment, pharmaceuticals, and personal care products. The versatility of polyacrylic acid across different sectors is significantly driving its market, while innovations in polymer chemistry are expanding the functional applications of polyacrylic acid. Additionally, the rising awareness of sustainability and environmental considerations is urging manufacturers to develop eco-friendly formulations, which in turn supports the market growth. Global investments in infrastructure and technological advancements are also facilitating the expansion of this market segment.

Growth Factor of the Market

The polyacrylic acid market is being propelled forward by several key growth factors that enhance its applicability across various industries. The escalating demand for efficient water treatment solutions is a major contributor, as polyacrylic acid is recognized for its superior flocculating and dispersing properties. Furthermore, the burgeoning personal care industry is increasingly utilizing polyacrylic acid in a range of cosmetic formulations, thanks to its capability to provide thickening and stabilizing functions. Advances in pharmaceutical applications, particularly in drug delivery systems, are also expanding the scope of polyacrylic acid usage, offering enhanced bioavailability and controlled release of active ingredients. Additionally, the agricultural sector is experiencing growth due to the adoption of water-retaining agents that utilize polyacrylic acid, which helps in conserving soil moisture. As a result, these factors collectively create a favorable environment for market expansion.

Key Highlights of the Market

• Projected to reach USD 5.2 billion by 2035.
• CAGR of 6.3% expected during the forecast period from 2025 to 2035.
• Increasing demand in water treatment, personal care, and pharmaceuticals.
• Innovation in eco-friendly polyacrylic acid formulations.
• Growing investments in infrastructure and technology advancements.

By Product Type

Solid Polyacrylic Acid:

Solid polyacrylic acid is widely utilized in various applications due to its high viscosity and ability to form gels. This product type is commonly used in formulations requiring thickening agents, making it a crucial ingredient in the personal care and cosmetics industry. Additionally, solid polyacrylic acid is essential in the manufacturing of adhesives and sealants, where it provides structural integrity and adhesion properties. The solid form is also preferred in certain industrial applications where storage and transportation ease is a priority. With ongoing innovations in formulation chemistry, the demand for solid polyacrylic acid is expected to rise, significantly contributing to market growth.

Liquid Polyacrylic Acid:

Liquid polyacrylic acid is favored for its ease of use and application in diverse industries, particularly in formulations that require high solubility and flexibility. This form is extensively used in personal care products, including lotions and creams, where its liquid consistency facilitates uniform distribution and enhances product texture. The versatility of liquid polyacrylic acid in water-based formulations makes it a critical ingredient in the paint and coatings industry, helping to improve the stability and performance of the final product. As industries continue to seek efficient and effective raw materials, the demand for liquid polyacrylic acid is anticipated to grow significantly over the forecast period.

Powder Polyacrylic Acid:

Powder polyacrylic acid is known for its high absorbance and water retention capabilities, making it particularly valuable in agricultural applications. This product type is commonly utilized as a superabsorbent polymer in soil conditioning and moisture-retaining formulations, which are critical in enhancing agricultural productivity, especially in arid regions. The powder form is also used in various industrial applications where bulk handling is required. As environmental concerns drive the adoption of sustainable farming practices, the demand for powder polyacrylic acid is expected to experience notable growth, further solidifying its market presence.

Emulsion Polyacrylic Acid:

Emulsion polyacrylic acid is widely recognized for its excellent stability and performance in a variety of formulations. This product type is particularly beneficial in the paint and coatings industry, where it contributes to improved durability and finish quality. The emulsion form allows for easy application and enhances the overall aesthetic properties of paints. Additionally, emulsion polyacrylic acid is utilized in personal care products, such as emulsions and creams, due to its ability to provide emollience and moisturization. As the demand for high-performance coatings and cosmetic formulations rises, the market for emulsion polyacrylic acid is anticipated to expand correspondingly.

Solution Polyacrylic Acid:

Solution polyacrylic acid, favored for its high solubility and versatility, is extensively used in various applications requiring quick dissolution and immediate action. This product type plays a significant role in cosmetics and personal care products, enhancing texture and performance while providing effective stabilization. Moreover, solution polyacrylic acid is integral in pharmaceutical formulations, where it aids in the controlled release of active ingredients, improving patient compliance and therapeutic outcomes. The increasing trend of personalized medicine and targeted therapies is likely to drive the demand for solution polyacrylic acid in the pharmaceutical sector, reinforcing its importance in the overall market landscape.

By Application

Water Treatment:

The application of polyacrylic acid in water treatment is primarily driven by its efficiency in flocculation and dispersion processes. It is extensively used in municipal and industrial wastewater treatment facilities to enhance the removal of suspended solids and contaminants, thereby improving water quality. The growing concerns regarding water scarcity and pollution are propelling investments in advanced water treatment technologies, leading to an increased demand for polyacrylic acid. As water treatment regulations become more stringent, the need for effective and reliable chemical agents like polyacrylic acid will continue to rise, ensuring a sustained market demand.

Personal Care:

In the personal care industry, polyacrylic acid serves as a crucial ingredient due to its thickening, stabilizing, and emulsifying properties. It is widely used in formulations for skincare, haircare products, and cosmetics, contributing to enhanced texture and product performance. The rising consumer preference for high-quality personal care products is driving manufacturers to incorporate polyacrylic acid into their formulations to achieve desired viscous properties. Additionally, innovations in product formulations that capitalize on the benefits of polyacrylic acid are expected to further boost its application in the personal care sector, making it integral to the market’s growth.

Pharmaceuticals:

Polyacrylic acid plays a significant role in the pharmaceutical industry, particularly in drug delivery systems. Its ability to form hydrogels allows for controlled release of active ingredients, which enhances drug bioavailability and therapeutic efficacy. Furthermore, polyacrylic acid is used in various formulations such as tablets, capsules, and topical gels, making it a versatile component in pharmaceuticals. The increasing focus on personalized medicine and innovative drug delivery techniques is likely to drive the demand for polyacrylic acid in this sector. With the ongoing research and development efforts in pharmaceutical formulations, the application of polyacrylic acid is expected to expand, contributing to overall market growth.

Agriculture:

In agricultural applications, polyacrylic acid is recognized for its exceptional water-retaining capabilities, making it a vital component in soil conditioning and water management products. Its ability to absorb and retain moisture helps improve soil structure and enhances crop yields, especially in regions facing drought or water scarcity. As sustainable farming practices gain traction, the demand for polyacrylic acid as a superabsorbent polymer in agricultural applications is expected to grow. Moreover, the increasing need for efficient water usage in agriculture is driving innovations that incorporate polyacrylic acid, further solidifying its place in the agricultural market.

Paints & Coatings:

Polyacrylic acid is widely used in the paints and coatings industry due to its ability to improve film formation, stability, and overall aesthetic properties of final products. It serves as a vital ingredient in water-based paints, coatings, and adhesives, contributing to their durability and performance. The trend towards environmentally friendly and low-VOC (volatile organic compounds) formulations is further enhancing the demand for polyacrylic acid in this sector. As manufacturers continue to innovate and create high-performance coatings that meet consumer expectations, the application of polyacrylic acid in paints and coatings is anticipated to grow significantly, positively impacting the overall market.

By Distribution Channel

Direct Sales:

Direct sales of polyacrylic acid have become increasingly popular among manufacturers and end-users looking for cost-effective procurement methods. This distribution channel allows consumers to purchase products directly from manufacturers, eliminating intermediaries and reducing overall costs. Direct sales also enable manufacturers to build stronger relationships with their customers, facilitating better service and support. An increasing number of companies are adopting direct sales strategies to enhance customer engagement and cater to specific product requirements. This trend is expected to continue, driving demand for polyacrylic acid through direct sales channels.

Distributors:

Distributors play a critical role in the polyacrylic acid market by serving as intermediaries that facilitate the supply chain process between manufacturers and end-users. They have established networks and logistics capabilities that allow for efficient distribution to various industries. The reliance on distributors is particularly pronounced among smaller manufacturers that may lack extensive distribution capabilities, as working with established distributors allows them to reach a wider customer base. The growing complexity of supply chains and the need for timely deliveries are further bolstering the role of distributors in the polyacrylic acid market.

Online Retail:

The online retail channel for polyacrylic acid has witnessed significant growth due to the increasing adoption of e-commerce platforms by both manufacturers and consumers. The convenience of online shopping allows customers to compare prices, access a wider range of products, and make informed purchasing decisions from the comfort of their homes or offices. Additionally, the COVID-19 pandemic has accelerated the shift towards online purchasing, as restrictions on physical store access prompted many consumers to seek alternative shopping methods. As online retail continues to evolve, it is expected to become a major distribution channel for polyacrylic acid, appealing to a broader audience.

By Ingredient Type

Low Molecular Weight Polyacrylic Acid:

Low molecular weight polyacrylic acid is utilized in various applications due to its fast action and efficiency. It is primarily employed in adhesives, sealants, and coatings where quick adhesion is paramount. This ingredient type is also favored in personal care formulations, where it contributes to skin feel and product performance. The demand for low molecular weight polyacrylic acid is anticipated to grow due to its versatility and adaptability across different sectors. As manufacturers continue to innovate formulation techniques that leverage low molecular weight polyacrylic acid, its presence in the market is expected to expand further.

High Molecular Weight Polyacrylic Acid:

High molecular weight polyacrylic acid is valued for its exceptional properties in water retention and viscosity enhancement. This ingredient type is extensively used in agricultural applications as a superabsorbent polymer, significantly improving soil moisture levels. Furthermore, it finds applications in personal care and cosmetic products, where it aids in achieving desired textures and product stability. As the trend for sustainable and efficient agricultural practices continues to rise, the demand for high molecular weight polyacrylic acid is expected to increase, positively influencing market growth.

Cross-linked Polyacrylic Acid:

Cross-linked polyacrylic acid is known for its superior gel-forming capabilities, making it an essential component in various applications requiring high absorbance. This ingredient type is widely used in personal care products, such as diapers and feminine hygiene products, where its water retention properties play a crucial role. Additionally, cross-linked polyacrylic acid is utilized in pharmaceutical applications, providing controlled release mechanisms in drug formulations. The increasing focus on hygiene and personal care is expected to drive the demand for cross-linked polyacrylic acid, reinforcing its market presence.

Linear Polyacrylic Acid:

Linear polyacrylic acid is characterized by its flexible structure and high solubility, making it versatile for various applications. This ingredient type is primarily found in water-based formulations, including paints and coatings, contributing to improved performance and stability. Linear polyacrylic acid is also used in personal care products, where it enhances emulsification and stability. As manufacturers seek innovative solutions in formulation development, the demand for linear polyacrylic acid is expected to grow, further solidifying its role in the market.

Branched Polyacrylic Acid:

Branched polyacrylic acid is recognized for its unique molecular structure, which imparts distinct properties such as improved flow and dispersion characteristics. This ingredient type is particularly valuable in industrial applications, including coatings and adhesives, where it helps enhance product performance. Its ability to improve the overall rheological properties of formulations makes branched polyacrylic acid a preferred choice in many industries. As the trend for high-performance products continues to dominate the market, the demand for branched polyacrylic acid is anticipated to rise, contributing to market growth.

By Region

The global polyacrylic acid market exhibits significant regional differentiation, with North America and Europe emerging as key players due to their advanced industrial sectors and high demand across various applications. North America is expected to account for a substantial share of the market, driven by the growth of the personal care and pharmaceutical industries. It is anticipated that the North American polyacrylic acid market will grow at a CAGR of around 6% during the forecast period, fueled by the increasing demand for innovative formulations in both cosmetics and pharmaceuticals. Europe is also witnessing robust growth as environmental regulations drive the use of polyacrylic acid in sustainable products, particularly in water treatment and coatings.

In the Asia Pacific region, the polyacrylic acid market is poised for rapid growth due to increasing industrialization and urbanization. The rising demand for water treatment solutions and agricultural products is expected to spur significant market activity in countries such as China, India, and Japan. This region is projected to witness the highest growth rate, with a CAGR exceeding 7% through 2035, as investments in infrastructure and agriculture continue to expand. Latin America and the Middle East & Africa are also contributing to the global market, albeit at a slower pace, as economic development drives demand for various applications of polyacrylic acid.

Opportunities

The polyacrylic acid market is presented with numerous opportunities driven by technological advancements and growing consumer preferences for sustainable products. One of the most significant opportunities lies in the agricultural sector, where polyacrylic acid's water-retaining properties can be leveraged to improve crop yields and promote efficient water usage in arid regions. As global food security concerns intensify, the demand for superabsorbent polymers in agriculture is expected to surge, presenting a lucrative opportunity for manufacturers. Additionally, the ongoing shift toward environmentally friendly and biodegradable formulations in personal care and cosmetics opens new avenues for polyacrylic acid, as manufacturers seek alternatives that align with consumer expectations for sustainability.

Another promising opportunity for the polyacrylic acid market is the increasing adoption of advanced drug delivery systems in the pharmaceutical industry. The focus on personalized medicine and targeted therapies is driving research and development efforts to create innovative drug formulations that utilize polyacrylic acid for controlled release mechanisms. As pharmaceutical companies look for effective ways to enhance drug efficacy and patient adherence, the demand for polyacrylic acid in drug delivery applications is set to rise significantly. By capitalizing on these opportunities in agriculture and pharmaceuticals, manufacturers can position themselves for sustained growth in the polyacrylic acid market.

Threats

Despite the promising growth prospects, the polyacrylic acid market faces several threats that could hinder its expansion. One major concern is the volatility in raw material prices, which can significantly impact production costs and profit margins for manufacturers. Fluctuations in the prices of acrylic acid and other feedstock can lead to unpredictable pricing of final products, potentially affecting market competitiveness. Furthermore, the increasing regulatory scrutiny on chemical products poses additional challenges, as compliance with stringent environmental and safety regulations may require significant investments in research and development, ultimately affecting manufacturers' operational capabilities.

Another threat to the polyacrylic acid market is the growing competition from alternative materials and substitutes that offer similar functionalities. As industries continue to explore innovative solutions, the emergence of competing polymers and materials could pose a challenge to traditional polyacrylic acid applications. Additionally, the shift towards biopolymers and eco-friendly alternatives driven by consumer preferences for sustainability may result in reduced demand for conventional polyacrylic acid products. Manufacturers must remain proactive in addressing these threats by investing in research and development, exploring new applications, and adapting to changing market trends.

Competitor Outlook

• Dow Chemical Company
• BASF SE
• Evonik Industries AG
• SNF Group
• Solvay S.A.
• Arkema S.A.
• FMC Corporation
• Procter & Gamble
• LG Chem Ltd.
• Huntsman Corporation
• Ashland Global Holdings Inc.
• Japan Polypropylene Corporation
• Rudolf GmbH
• Merck KGaA
• Eastman Chemical Company

The competitive landscape of the polyacrylic acid market is characterized by the presence of several major players who are continually striving to enhance their market positions through strategic initiatives such as mergers and acquisitions, product innovations, and expansions. Companies like Dow Chemical Company and BASF SE are at the forefront of the market, leveraging their extensive research and development capabilities to create advanced formulations that cater to a range of industrial applications. These companies are also investing in sustainability initiatives to align with the growing consumer demand for eco-friendly products. Their emphasis on product quality, coupled with robust supply chains, enables them to maintain a competitive edge in the market.

Evonik Industries AG and SNF Group are also significant competitors in the polyacrylic acid market, specializing in high-performance polymers and solutions. These companies focus on enhancing their product portfolios by offering customized solutions tailored to specific industry needs. For instance, Evonik has been active in developing innovative formulations for personal care and agricultural applications, while SNF Group emphasizes its expertise in water treatment solutions. Such targeted approaches allow these companies to differentiate themselves in the market and capture emerging opportunities effectively.

Moreover, companies like Ashland Global Holdings Inc. and Merck KGaA are leveraging their strong market presence to explore new avenues for growth in the polyacrylic acid sector. Ashland’s commitment to providing high-quality specialty chemicals positions it favorably to meet the growing demand for polyacrylic acid across various applications, while Merck KGaA focuses on developing cutting-edge technologies that enhance product performance. As competition intensifies, these companies are likely to continue investing in research and development initiatives aimed at innovating and expanding their product offerings in the polyacrylic acid market.

• 1 Appendix

  • 1.1 List of Tables
  • 1.2 List of Figures

• 2 Introduction

  • 2.1 Market Definition
  • 2.2 Scope of the Report
  • 2.3 Study Assumptions
  • 2.4 Base Currency & Forecast Periods

• 3 Market Dynamics

  • 3.1 Market Growth Factors
  • 3.2 Economic & Global Events
  • 3.3 Innovation Trends
  • 3.4 Supply Chain Analysis

• 4 Consumer Behavior

  • 4.1 Market Trends
  • 4.2 Pricing Analysis
  • 4.3 Buyer Insights

• 5 Key Player Profiles

  • 5.1 BASF SE
    • 5.1.1 Business Overview
    • 5.1.2 Products & Services
    • 5.1.3 Financials
    • 5.1.4 Recent Developments
    • 5.1.5 SWOT Analysis
  • 5.2 SNF Group
    • 5.2.1 Business Overview
    • 5.2.2 Products & Services
    • 5.2.3 Financials
    • 5.2.4 Recent Developments
    • 5.2.5 SWOT Analysis
  • 5.3 Merck KGaA
    • 5.3.1 Business Overview
    • 5.3.2 Products & Services
    • 5.3.3 Financials
    • 5.3.4 Recent Developments
    • 5.3.5 SWOT Analysis
  • 5.4 Arkema S.A.
    • 5.4.1 Business Overview
    • 5.4.2 Products & Services
    • 5.4.3 Financials
    • 5.4.4 Recent Developments
    • 5.4.5 SWOT Analysis
  • 5.5 Rudolf GmbH
    • 5.5.1 Business Overview
    • 5.5.2 Products & Services
    • 5.5.3 Financials
    • 5.5.4 Recent Developments
    • 5.5.5 SWOT Analysis
  • 5.6 Solvay S.A.
    • 5.6.1 Business Overview
    • 5.6.2 Products & Services
    • 5.6.3 Financials
    • 5.6.4 Recent Developments
    • 5.6.5 SWOT Analysis
  • 5.7 LG Chem Ltd.
    • 5.7.1 Business Overview
    • 5.7.2 Products & Services
    • 5.7.3 Financials
    • 5.7.4 Recent Developments
    • 5.7.5 SWOT Analysis
  • 5.8 FMC Corporation
    • 5.8.1 Business Overview
    • 5.8.2 Products & Services
    • 5.8.3 Financials
    • 5.8.4 Recent Developments
    • 5.8.5 SWOT Analysis
  • 5.9 Procter & Gamble
    • 5.9.1 Business Overview
    • 5.9.2 Products & Services
    • 5.9.3 Financials
    • 5.9.4 Recent Developments
    • 5.9.5 SWOT Analysis
  • 5.10 Dow Chemical Company
    • 5.10.1 Business Overview
    • 5.10.2 Products & Services
    • 5.10.3 Financials
    • 5.10.4 Recent Developments
    • 5.10.5 SWOT Analysis
  • 5.11 Evonik Industries AG
    • 5.11.1 Business Overview
    • 5.11.2 Products & Services
    • 5.11.3 Financials
    • 5.11.4 Recent Developments
    • 5.11.5 SWOT Analysis
  • 5.12 Huntsman Corporation
    • 5.12.1 Business Overview
    • 5.12.2 Products & Services
    • 5.12.3 Financials
    • 5.12.4 Recent Developments
    • 5.12.5 SWOT Analysis
  • 5.13 Eastman Chemical Company
    • 5.13.1 Business Overview
    • 5.13.2 Products & Services
    • 5.13.3 Financials
    • 5.13.4 Recent Developments
    • 5.13.5 SWOT Analysis
  • 5.14 Ashland Global Holdings Inc.
    • 5.14.1 Business Overview
    • 5.14.2 Products & Services
    • 5.14.3 Financials
    • 5.14.4 Recent Developments
    • 5.14.5 SWOT Analysis
  • 5.15 Japan Polypropylene Corporation
    • 5.15.1 Business Overview
    • 5.15.2 Products & Services
    • 5.15.3 Financials
    • 5.15.4 Recent Developments
    • 5.15.5 SWOT Analysis

• 6 Market Segmentation

  • 6.1 Polyacrylic Acid Sales Market, By Application
    • 6.1.1 Water Treatment
    • 6.1.2 Personal Care
    • 6.1.3 Pharmaceuticals
    • 6.1.4 Agriculture
    • 6.1.5 Paints & Coatings
  • 6.2 Polyacrylic Acid Sales Market, By Product Type
    • 6.2.1 Solid Polyacrylic Acid
    • 6.2.2 Liquid Polyacrylic Acid
    • 6.2.3 Powder Polyacrylic Acid
    • 6.2.4 Emulsion Polyacrylic Acid
    • 6.2.5 Solution Polyacrylic Acid
  • 6.3 Polyacrylic Acid Sales Market, By Ingredient Type
    • 6.3.1 Low Molecular Weight Polyacrylic Acid
    • 6.3.2 High Molecular Weight Polyacrylic Acid
    • 6.3.3 Cross-linked Polyacrylic Acid
    • 6.3.4 Linear Polyacrylic Acid
    • 6.3.5 Branched Polyacrylic Acid
  • 6.4 Polyacrylic Acid Sales Market, By Distribution Channel
    • 6.4.1 Direct Sales
    • 6.4.2 Distributors
    • 6.4.3 Online Retail

• 7 Competitive Analysis

  • 7.1 Key Player Comparison
  • 7.2 Market Share Analysis
  • 7.3 Investment Trends
  • 7.4 SWOT Analysis

• 8 Research Methodology

  • 8.1 Analysis Design
  • 8.2 Research Phases
  • 8.3 Study Timeline

• 9 Future Market Outlook

  • 9.1 Growth Forecast
  • 9.2 Market Evolution

• 10 Geographical Overview

  • 10.1 Europe - Market Analysis
    • 10.1.1 By Country
      • 10.1.1.1 UK
      • 10.1.1.2 France
      • 10.1.1.3 Germany
      • 10.1.1.4 Spain
      • 10.1.1.5 Italy
  • 10.2 Asia Pacific - Market Analysis
    • 10.2.1 By Country
      • 10.2.1.1 India
      • 10.2.1.2 China
      • 10.2.1.3 Japan
      • 10.2.1.4 South Korea
  • 10.3 Latin America - Market Analysis
    • 10.3.1 By Country
      • 10.3.1.1 Brazil
      • 10.3.1.2 Argentina
      • 10.3.1.3 Mexico
  • 10.4 North America - Market Analysis
    • 10.4.1 By Country
      • 10.4.1.1 USA
      • 10.4.1.2 Canada
  • 10.5 Middle East & Africa - Market Analysis
    • 10.5.1 By Country
      • 10.5.1.1 Middle East
      • 10.5.1.2 Africa
  • 10.6 Polyacrylic Acid Sales Market by Region

• 11 Global Economic Factors

  • 11.1 Inflation Impact
  • 11.2 Trade Policies

• 12 Technology & Innovation

  • 12.1 Emerging Technologies
  • 12.2 AI & Digital Trends
  • 12.3 Patent Research

• 13 Investment & Market Growth

  • 13.1 Funding Trends
  • 13.2 Future Market Projections

• 14 Market Overview & Key Insights

  • 14.1 Executive Summary
  • 14.2 Key Trends
  • 14.3 Market Challenges
  • 14.4 Regulatory Landscape

Segments Analyzed in the Report

The global Polyacrylic Acid Sales market is categorized based on

By Product Type

• Solid Polyacrylic Acid
• Liquid Polyacrylic Acid
• Powder Polyacrylic Acid
• Emulsion Polyacrylic Acid
• Solution Polyacrylic Acid

By Application

• Water Treatment
• Personal Care
• Pharmaceuticals
• Agriculture
• Paints & Coatings

By Distribution Channel

• Direct Sales
• Distributors
• Online Retail

By Ingredient Type

• Low Molecular Weight Polyacrylic Acid
• High Molecular Weight Polyacrylic Acid
• Cross-linked Polyacrylic Acid
• Linear Polyacrylic Acid
• Branched Polyacrylic Acid

By Region

• Asia Pacific
• North America
• Latin America
• Europe
• Middle East & Africa

Key Players

• Dow Chemical Company
• BASF SE
• Evonik Industries AG
• SNF Group
• Solvay S.A.
• Arkema S.A.
• FMC Corporation
• Procter & Gamble
• LG Chem Ltd.
• Huntsman Corporation
• Ashland Global Holdings Inc.
• Japan Polypropylene Corporation
• Rudolf GmbH
• Merck KGaA
• Eastman Chemical Company