Acrylic Acid Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

Acrylic acid is a colorless liquid which is characterized by a distinctive acrid odor at room temperature and pressure. Acrylic acid is used on a large scale for the manufacture of plastics, latex, floor polish, in polymer solutions for coatings applications, emulsion polymers, paint formulations, leather finishing, paper coatings and it is also used as a chemical intermediate. Traditionally, Acrylic acid has been used as the raw material for acrylic esters, methyl acrylate, ethyl acrylate, butyl acrylate, and 2-ethylhexyl acrylate. The bulk acrylates were used to produce solvent-based acrylic resins, but environmental concerns over solvent use led to the development of water-based acrylics.

MARKET DYNAMICS

The acrylic acid market is anticipated to grow rapidly in the forecast period owing to driving factors such as flourishing personal care industries in developed and developing countries and rising consumption of surface coatings, adhesives and sealants, and surfactants. The demand for acrylic acid is rising owing to its characteristics such as hardness, glass transition temperatures, durability, and tackiness, which further boost to the market growth. Moreover, upsurge demand for the superabsorbent polymers and increasing end users are positively contributing to the market growth. However, stringent government regulations with respect to human health and fluctuating raw material prices are the major factors restricting the overall growth of the market.

MARKET SCOPE

The "Global Acrylic acid Market Analysis to 2031" is a specialized and in-depth study of Chemicals and Materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the acrylic acid market with detailed market segmentation by derivative type and application and geography. The global acrylic acid market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading acrylic acid market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global acrylic acid market is segmented on the basis of derivative type and application. On the basis of derivatives type, the acrylic acid market is segmented into acrylic esters, acrylic polymers and other derivatives. The acrylic esters segment is divided into methyl acrylate, ethyl acrylate, butyl acrylate and ethyhexyl acrylate. Likewise, the acrylic polymers is divided into crylic elastomers, super absorbent polymers and water treatment polymers. Other derivatives include ammonium polyacrylate and cyanopolyacrylate. The acrylic acid market on the basis of the application is classified into adhesives & sealants, cement modifiers, diapers, paper industry, surface coating, textile and others.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global acrylic acid market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The acrylic acid market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the acrylic acid market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the acrylic acid in these regions.

MARKET PLAYERS

The reports cover key developments in the acrylic acid market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from acrylic acid market are anticipated to lucrative growth opportunities in the future with the rising demand for Acrylic acid in the global market. Below mentioned is the list of few companies engaged in the acrylic acid market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the acrylic acid market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

• Arkema S.A.
• BASF SE
• Evonik Industries AG
• LG Chem
• Myriant Corporation
• NIPPON SHOKUBAI CO., LTD
• SIBUR
• SUNVIC CHEMICAL
• The Dow Chemical Company
• The Lubrizol Corporation

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Acrylic Acid Report Scope