Glacial Acrylic Acid Market Opportunites & Global Analysis -2028
The glacial acrylic acid market was valued at US$ 2,607.67 million in 2021 and is projected to reach US$ 3,351.24 million by 2028; it is expected to grow at a CAGR of 3.6% from 2021 to 2028.
Glacial acrylic acid is an unsaturated carboxylic acid co-monomer. It readily copolymerizes with acrylic and methacrylic esters, ethylene, vinyl acetate, styrene, butadiene, acrylonitrile, vinyl chloride, maleic esters, and vinylidene chloride. Glacial acrylic acid is majorly used as a building block for the production of acid-functional and crosslinked acrylic copolymers and polyacrylic acids. Glacial acrylic acid offers notable advantages as a co-monomer in an extensive range of acrylic and vinyl acrylic polymer-based finishes, coatings, sealants, adhesives, inks, thickeners, flocculants, and lubricants, among others. Besides, GAA is used to make polymers utilized in applications ranging from medical hydrogels to superabsorbent polymers to detergents.
Asia-Pacific accounted for the largest share of the global glacial acrylic acid market during the forecast period. The increasing demand for baby diapers in emerging nations such as South Korea and China has contributed to the demand for superabsorbent polymers (SAPs). Moreover, glacial acrylic acid finds multiple applications in adhesives, paints, construction, water treatment, detergents, leather treatments, and textile chemicals, among others. Consequently, these factors have led to the glacial acrylic acid market growth in the region.
The ongoing COVID-19 pandemic has drastically altered the status of the glacial acrylic acid market and has negatively impacted its growth. The outbreak has declined operational efficiency and interrupted the value chains, owing to the sudden closure of national and international boundaries, thereby creating revenue loss and damage. The disruptions in value chain have restricted the supply of raw material, which, in turn, is hindering the growth of the market and affecting the development of the end-use industries. However, as the economies are planning to revive their operations, the demand for glacial acrylic acid is expected to rise globally in coming months. With the growing consciousness toward sustainability and diversification of application bases in post-pandemic times, the demand for glacial acrylic acid is expected to take huge leaps in the future. According to International Finance Corporation, the COVID-19 outbreak is forecasted to slow down investments in the water sector globally. A survey by Global Water Leaders Group predicted that industrial water demand will fall by approximately 27% due to the outbreak. Further, the Global Water Leaders Group stated that water and wastewater utilities worldwide are expected to see revenue collection reductions of 15% on average due to the COVID-19 crisis. Thus, the water sector is anticipated to witness decline in the demand for water treatment chemicals, which would negatively impact the glacial acrylic acid market. Nevertheless, effective measures taken by associations—such as Industrial Fabrics Association International—backed by positive government initiatives to safeguard their frontline health care workers are expected to boost the textile industry, which would bolster the demand for glacial acrylic acid in coming years.
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Glacial Acrylic Acid Market: Strategic Insights
Market Size Value in US$ 2,607.67 Million in 2021 Market Size Value by US$ 3,351.24 Million by 2028 Growth rate CAGR of 3.6% from 2021-2028 Forecast Period 2021-2028 Base Year 2021
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Glacial Acrylic Acid Market: Strategic Insights
| Market Size Value in | US$ 2,607.67 Million in 2021 |
| Market Size Value by | US$ 3,351.24 Million by 2028 |
| Growth rate | CAGR of 3.6% from 2021-2028 |
| Forecast Period | 2021-2028 |
| Base Year | 2021 |
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Market Insights
Increasing Use of Superabsorbent Polymers in Diapers and Hygiene Products
Acrylic acid accounts for 80–85% of raw materials utilized in the production of superabsorbents (SAPs). The polymer is produced by aqueous solution polymerization of glacial acrylic acid with crosslinking monomer and an initiator. Superabsorbents are extensively used in diapers and hygienic products as they can absorb and retain large volumes of water and aqueous solutions. SAPs are primarily made from partially neutralized and lightly crosslinked polyacrylic acids and are the indispensable constituents in feminine hygiene, disposable diapers, as well as adult incontinence products. Approximately 77.5% of the global SAP is utilized in diapers, 9.5% in adult incontinence products, and 4% in feminine hygiene. SAPs are vital products in the acrylic acid value chain, and their water-absorbing attributes are increasing their demand in sanitary and hygiene products. Furthermore, the key manufacturers are focusing on the production of acrylic acid and its derivative products, such as acrylates and superabsorbent polymers. For instance, NIPPON SHOKUBAI CO., LTD has been expanding its core businesses in superabsorbent polymers and acrylic acid across the world. With their surging application in diapers, the company’s annual production capacity of SAPs has grown strongly, which also acts as the company’s strength. Thus, the growth of the glacial acrylic acid market is attributed to the rising demand for superabsorbent polymer production. In addition, the growing hygiene awareness among the populace, especially aging population drives the demand for glacial acrylic acid in diapers and hygiene products.
Application Insights
Based on application, the global glacial acrylic acid market is segmented into nappies; adult & feminine hygiene; detergents; adhesives, coatings & sealants; water treatment; and others. The nappies segment held the largest share of the market during the forecast period. Glacial (distilled) acrylic acid is utilized in superabsorbent polymers (SAPs) which are extensively used in disposable baby diapers. Superabsorbent polymers are cross-linked polyacrylates that absorb and retain over a hundred times their own weight in liquid. SAPs account for more than 30% of world acrylic acid consumption. Manufacturers are offering glacial acrylic acid, which finds extensive applications in nappies. BASF PETRONAS Chemicals Sdn. Bhd. offers glacial acrylic acid for disposable diapers. Further, glacial acrylic acid offered by Tasnee is an unsaturated carboxylic acid available in clear colorless liquid with a characteristic acrid odor. It is miscible with water, alcohol, and ethers. It is utilized for polymer preparation and as a chemical intermediate. Glacial acrylic acid finds applications in industries such as nappies.
The Dow Chemical Company; Arkema; BASF SE; Sasol; Tasnee; HAITUNG CHEMICALS CO., LTD.; Mitsubishi Chemical Corporation; NIPPON SHOKUBAI CO., LTD.; Formosa Plastics Corporation; and BASF PETRONAS Chemicals Sdn. Bhd are among the well-established players in the global glacial acrylic acid market. Companies in this market have been continuously focusing on strategies such as product developments, plant expansions, and mergers and acquisitions to expand their footprint worldwide and fulfill the growing demand of the market. For instance, in 2019, Arkema successfully brought a new 90,000-ton per year acrylic acid reactor at its Clear Lake, Texas site. The new reactor, which is equipped with the latest production technologies, replaces two decommissioned reactors of 45,000 tons each. The investment of approximately US$ 90 million positions Clear Lake as one of the most competitive acrylic acid sites in the US. This new capacity will enable the Group to promote the growth of its North American customers in markets such as paints and coatings, superabsorbents, adhesives, and polymers for water treatment and enhanced oil & gas recovery. In addition, this expansion consolidates Arkema’s position as the second-largest producer of acrylic acid in the region.
Glacial Acrylic Acid Market Report Scope
Report Spotlights
- Progressive industry trends in the global glacial acrylic acid market to help players develop effective long-term strategies
- Business growth strategies adopted by developed and developing markets
- Quantitative analysis of the global glacial acrylic acid market from 2019 to 2028
- Estimation of the demand for glacial acrylic acid across various industries
- PEST analysis to illustrate the efficacy of buyers and suppliers operating in the industry to predict market growth
- Recent developments to understand the competitive market scenario and the demand for glacial acrylic acid
- Market trends and outlook coupled with factors driving and restraining the growth of the glacial acrylic acid market
- Decision-making process by understanding strategies that underpin commercial interest with regard to the global glacial acrylic acid market growth
- Glacial acrylic acid market size at various nodes of the market
- Detailed overview and segmentation of the global glacial acrylic acid market as well as its dynamics in the industry
- Glacial acrylic acid market size in various regions with promising growth opportunities
Glacial Acrylic Acid Market, by Application
- Nappies
- Adult & Feminine Hygiene
- Detergents
- Adhesives, Coatings & Sealants
- Water Treatment
- Others
Company Profiles
- The Dow Chemical Company
- Arkema
- BASF SE
- Sasol
- Tasnee
- HAITUNG CHEMICALS CO.,LTD.
- Mitsubishi Chemical Corporation
- NIPPON SHOKUBAI CO., LTD.
- Formosa Plastics Corporation
- BASF PETRONAS Chemicals Sdn. Bhd
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Application
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
The nappies segment held the largest share of the market during the forecast period. Glacial (distilled) acrylic acid is utilized in superabsorbent polymers (SAPs) which are extensively used in disposable baby diapers. Superabsorbent polymers are cross-linked polyacrylates that absorb and retain over a hundred times their own weight in liquid. SAPs account for more than 30% of world acrylic acid consumption.
The key players operating in the glacial acrylic acid market are The Dow Chemical Company; Arkema; BASF SE; Sasol; Tasnee; HAITUNG CHEMICALS CO., LTD.; Mitsubishi Chemical Corporation; NIPPON SHOKUBAI CO., LTD.; Formosa Plastics Corporation; and BASF PETRONAS Chemicals Sdn. Bhd.
In 2020, Asia Pacific contributed to the largest share in the global Glacial acrylic acid market. The increasing demand for baby diapers in emerging nations such as South Korea and China has contributed to the demand for superabsorbent polymers (SAPs). Moreover, glacial acrylic acid finds multiple applications in adhesives, paints, construction, water treatment, detergents, leather treatments, and textile chemicals, among others. Consequently, these factors have led to the glacial acrylic acid market growth in the region.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis formulation:
3.2.4 Macro-economic factor analysis:
3.2.5 Developing base number:
3.2.6 Data Triangulation:
3.2.7 Country level data:
4. Glacial Acrylic Acid Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.2.2 Europe
4.2.3 APAC
4.2.4 MEA
4.2.5 SAM
4.3 Expert Opinion
5. Glacial Acrylic Acid Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Use of Superabsorbent Polymers in Diapers and Hygiene Products
5.1.2 Wide Range of Applications for Glacial Acrylic Acid
5.2 Market Restraints
5.2.1 Toxic Nature of Glacial Acrylic Acid
5.3 Market Opportunities
5.3.1 Production of Glacial Acrylic Acid from Renewable Resources
5.4 Future Trends
5.4.1 Technological Advancements
5.5 Impact Analysis of Drivers and Restraints
6. Glacial Acrylic Acid – Global Market Analysis
6.1 Glacial Acrylic Acid Market Overview
6.2 Glacial Acrylic Acid Market – Revenue Forecasts to 2028 (US$ Million)
6.3 Market Positioning
7. Glacial Acrylic Acid Market Analysis – By Application
7.1 Overview
7.2 Glacial Acrylic Acid Market, By Application (2020 and 2028)
7.3 Nappies
7.3.1 Overview
7.3.1.1 Nappies: Glacial Acrylic Acid Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Adult & Feminine Hygiene
7.4.1 Overview
7.4.1.1 Adult & Feminine Hygiene: Glacial Acrylic Acid Market – Revenue and Forecast to 2028 (US$ Million)
7.5 Detergents
7.5.1 Overview
7.5.1.1 Detergents: Glacial Acrylic Acid Market – Revenue and Forecast to 2028 (US$ Million)
7.6 Adhesives, Coatings & Sealants
7.6.1 Overview
7.6.1.1 Adhesives, Coatings & Sealants: Glacial Acrylic Acid Market – Revenue and Forecast to 2028 (US$ Million)
7.7 Water Treatment
7.7.1 Overview
7.7.1.1 Water Treatment: Glacial Acrylic Acid Market – Revenue and Forecast to 2028 (US$ Million)
7.8 Others
7.8.1 Overview
7.8.1.1 Others: Glacial Acrylic Acid Market – Revenue and Forecast to 2028 (US$ Million)
8. Glacial Acrylic Acid Market – Geographic Analysis
8.1 Overview
8.2 North America: Glacial Acrylic Acid Market
8.2.1 North America: Glacial Acrylic Acid Market – Revenue and Forecast to 2028(US$ Million)
8.2.2 North America: Glacial Acrylic Acid Market, by Application
8.2.3 North America: Glacial Acrylic Acid Market, by Key Country
8.2.3.1 US: Glacial Acrylic Acid Market –Revenue and Forecast to 2028 (US$ Million)
8.2.3.1.1 US: Glacial Acrylic Acid Market, by Application
8.2.3.2 Canada: Glacial Acrylic Acid Market –Revenue and Forecast to 2028 (US$ Million)
8.2.3.2.1 Canada: Glacial Acrylic Acid Market, by Application
8.2.3.3 Mexico: Glacial Acrylic Acid Market –Revenue and Forecast to 2028 (US$ Million)
8.2.3.3.1 Mexico: Glacial Acrylic Acid Market, by Application
8.3 Europe: Glacial Acrylic Acid Market
8.3.1 Europe: Glacial Acrylic Acid Market – Revenue and Forecast to 2028(US$ Million)
8.3.2 Europe: Glacial Acrylic Acid Market, by Application
8.3.3 Europe: Glacial Acrylic Acid Market, by Key Country
8.3.3.1 Germany: Glacial Acrylic Acid Market –Revenue and Forecast to 2028 (US$ Million)
8.3.3.1.1 Germany: Glacial Acrylic Acid Market, by Application
8.3.3.2 France: Glacial Acrylic Acid Market –Revenue and Forecast to 2028 (US$ Million)
8.3.3.2.1 France: Glacial Acrylic Acid Market, by Application
8.3.3.3 Italy: Glacial Acrylic Acid Market –Revenue and Forecast to 2028 (US$ Million)
8.3.3.3.1 Italy: Glacial Acrylic Acid Market, by Application
8.3.3.4 UK: Glacial Acrylic Acid Market –Revenue and Forecast to 2028 (US$ Million)
8.3.3.4.1 UK: Glacial Acrylic Acid Market, by Application
8.3.3.5 Russia: Glacial Acrylic Acid Market –Revenue and Forecast to 2028 (US$ Million)
8.3.3.5.1 Russia: Glacial Acrylic Acid Market, by Application
8.3.3.6 Rest of Europe: Glacial Acrylic Acid Market –Revenue and Forecast to 2028 (US$ Million)
8.3.3.6.1 Rest of Europe: Glacial Acrylic Acid Market, by Application
8.4 Asia Pacific: Glacial Acrylic Acid Market
8.4.1 Asia Pacific: Glacial Acrylic Acid Market – Revenue and Forecast to 2028(US$ Million)
8.4.2 Asia Pacific: Glacial Acrylic Acid Market, by Application
8.4.3 Asia Pacific: Glacial Acrylic Acid Market, by Key Country
8.4.3.1 Australia: Glacial Acrylic Acid Market –Revenue and Forecast to 2028 (US$ Million)
8.4.3.1.1 Australia: Glacial Acrylic Acid Market, by Application
8.4.3.1.2 China: Glacial Acrylic Acid Market –Revenue and Forecast to 2028 (US$ Million)
8.4.3.1.3 China: Glacial Acrylic Acid Market, by Application
8.4.3.2 Japan: Glacial Acrylic Acid Market –Revenue and Forecast to 2028 (US$ Million)
8.4.3.2.1 Japan: Glacial Acrylic Acid Market, by Application
8.4.3.3 India: Glacial Acrylic Acid Market –Revenue and Forecast to 2028 (US$ Million)
8.4.3.3.1 India: Glacial Acrylic Acid Market, by Application
8.4.3.4 South Korea: Glacial Acrylic Acid Market –Revenue and Forecast to 2028 (US$ Million)
8.4.3.4.1 South Korea: Glacial Acrylic Acid Market, by Application
8.4.3.5 Rest of Asia Pacific: Glacial Acrylic Acid Market –Revenue and Forecast to 2028 (US$ Million)
8.4.3.5.1 Rest of Asia Pacific: Glacial Acrylic Acid Market, by Application
8.5 MEA: Glacial Acrylic Acid Market
8.5.1 MEA: Glacial Acrylic Acid Market – Revenue and Forecast to 2028 (US$ Million)
8.5.2 MEA: Glacial Acrylic Acid Market, by Application
8.5.3 MEA: Glacial Acrylic Acid Market, by Key Country
8.5.3.1 South Africa: Glacial Acrylic Acid Market –Revenue and Forecast to 2028 (US$ Million)
8.5.3.1.1 South Africa: Glacial Acrylic Acid Market, by Application
8.5.3.2 Saudi Arabia: Glacial Acrylic Acid Market –Revenue and Forecast to 2028 (US$ Million)
8.5.3.2.1 Saudi Arabia: Glacial Acrylic Acid Market, by Application
8.5.3.3 UAE: Glacial Acrylic Acid Market –Revenue and Forecast to 2028 (US$ Million)
8.5.3.3.1 UAE: Glacial Acrylic Acid Market, by Application
8.5.3.3.2 Rest of MEA: Glacial Acrylic Acid Market –Revenue and Forecast to 2028 (US$ Million)
8.5.3.3.3 Rest of MEA: Glacial Acrylic Acid Market, by Application
8.6 South America: Glacial Acrylic Acid Market
8.6.1 South America: Glacial Acrylic Acid Market –Revenue and Forecast to 2028(US$ Million)
8.6.2 South America: Glacial Acrylic Acid Market, by Application
8.6.3 South America: Glacial Acrylic Acid Market, by Key Country
8.6.3.1 Brazil: Glacial Acrylic Acid Market –Revenue and Forecast to 2028 (US$ Million)
8.6.3.1.1 Brazil: Glacial Acrylic Acid Market, by Application
8.6.3.2 Argentina: Glacial Acrylic Acid Market –Revenue and Forecast to 2028 (US$ Million)
8.6.3.2.1 Argentina: Glacial Acrylic Acid Market, by Application
8.6.3.3 Rest of South America: Glacial Acrylic Acid Market –Revenue and Forecast to 2028 (US$ Million)
8.6.3.3.1 Rest of South America: Glacial Acrylic Acid Market, by Application
9. Impact of COVID-19 Pandemic on Global Glacial Acrylic Acid Market
9.1 Impact of COVID-19 Pandemic on Glacial Acrylic Acid Market
9.2 North America: Impact Assessment of COVID-19 Pandemic
9.3 Europe: Impact Assessment of COVID-19 Pandemic
9.1 Asia-Pacific: Impact Assessment of COVID-19 Pandemic
9.2 Middle East and Africa: Impact Assessment of COVID-19 Pandemic
9.3 South America: Impact Assessment of COVID-19 Pandemic
10. Global Glacial Acrylic Acid Market -Industry Landscape
10.1 Overview
10.2 Partnership
10.3 Market Initiatives
11. Company Profiles
11.1 The Dow Chemical Company
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 Arkema
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 BASF SE
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Sasol
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 Tasnee
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 HAITUNG CHEMICALS CO.,LTD.
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 Mitsubishi Chemical Corporation
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 NIPPON SHOKUBAI CO., LTD.
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
11.9 FORMOSA PLASTICS CORPORATION
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Products and Services
11.9.4 Financial Overview
11.9.5 SWOT Analysis
11.9.6 Key Developments
11.10 BASF PETRONAS Chemicals Sdn. Bhd
11.10.1 Key Facts
11.10.2 Business Description
11.10.3 Products and Services
11.10.4 Financial Overview
11.10.5 SWOT Analysis
11.10.6 Key Developments
12. Appendix
12.1 About The Insight Partners
12.2 Glossary of Terms
LIST OF TABLES
Table 1. Glacial Acrylic Acid Market –Revenue Forecast to 2028 (US$ Million)
Table 2. North America Glacial Acrylic Acid Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 3. US Glacial Acrylic Acid Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 4. Canada Glacial Acrylic Acid Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 5. Mexico Glacial Acrylic Acid Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 6. Europe Glacial Acrylic Acid Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 7. Germany Glacial Acrylic Acid Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 8. France Glacial Acrylic Acid Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 9. Italy Glacial Acrylic Acid Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 10. UK Glacial Acrylic Acid Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 11. Russia Glacial Acrylic Acid Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 12. Rest of Europe Glacial Acrylic Acid Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 13. Asia Pacific Glacial Acrylic Acid Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 14. Australia Glacial Acrylic Acid Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 15. China Glacial Acrylic Acid Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 16. Japan Glacial Acrylic Acid Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 17. India Glacial Acrylic Acid Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 18. South Korea Glacial Acrylic Acid Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 19. Rest of Asia Pacific Glacial Acrylic Acid Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 20. MEA Glacial Acrylic Acid Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 21. South Africa Glacial Acrylic Acid Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 22. Saudi Arabia Glacial Acrylic Acid Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 23. UAE Glacial Acrylic Acid Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 24. Rest of MEA Glacial Acrylic Acid Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 25. South America Glacial Acrylic Acid Market, by Application– Revenue and Forecast to 2028 (US$ Million)
Table 26. Brazil Glacial Acrylic Acid Market, by Application– Revenue and Forecast to 2028 (US$ Million)
Table 27. Argentina Glacial Acrylic Acid Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 28. Rest of South America Glacial Acrylic Acid Market, by Application– Revenue and Forecast to 2028 (US$ Million)
Table 29. Glossary of Terms, Glacial Acrylic Acid Market
LIST OF FIGURES
Figure 1. Glacial Acrylic Acid Market Segmentation
Figure 2. Glacial Acrylic Acid Market Segmentation – By Geography
Figure 3. Global Glacial Acrylic Acid Market Overview
Figure 4. Nappies Segment Held Largest Share of Global Glacial Acrylic Acid Market
Figure 5. Asia Pacific Region Held Largest Share of Global Glacial Acrylic Acid Market
Figure 6. Global Glacial Acrylic Acid Market, Key Market Players
Figure 7. North America PEST Analysis
Figure 8. Europe: PEST Analysis
Figure 9. APAC: PEST Analysis
Figure 10. MEA: PEST Analysis
Figure 11. SAM: PEST Analysis
Figure 12. Expert Opinion
Figure 13. Glacial Acrylic Acid Market Impact Analysis of Drivers and Restraints
Figure 14. Geographic Overview of Glacial Acrylic Acid Market
Figure 15. Global: Glacial Acrylic Acid Market – Revenue Forecast to 2028 (US$ Million)
Figure 16. Glacial Acrylic Acid Market Revenue Share, By Application (2020 and 2028)
Figure 17. Nappies: Glacial Acrylic Acid Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. Adult & Feminine Hygiene: Glacial Acrylic Acid Market – Revenue and Forecast to 2028 (US$ Million)
Figure 19. Detergents: Glacial Acrylic Acid Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. Adhesives, coatings & sealants: Glacial Acrylic Acid Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. Water Treatment: Glacial Acrylic Acid Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. Others: Glacial Acrylic Acid Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. Global Glacial Acrylic Acid Market Revenue Share, by Region (2020 and 2028)
Figure 24. North America: Glacial Acrylic Acid Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. North America: Glacial Acrylic Acid Market Revenue Share, by Application (2020 and 2028)
Figure 26. North America: Glacial Acrylic Acid Market Revenue Share, by Key Country (2020 and 2028)
Figure 27. US: Glacial Acrylic Acid Market –Revenue and Forecast to 2028 (US$ Million)
Figure 28. Canada: Glacial Acrylic Acid Market –Revenue and Forecast to 2028 (US$ Million)
Figure 29. Mexico: Glacial Acrylic Acid Market –Revenue and Forecast to 2028 (US$ Million)
Figure 30. Europe: Glacial Acrylic Acid Market – Revenue and Forecast to 2028 (US$ Million)
Figure 31. Europe: Glacial Acrylic Acid Market Revenue Share, by Application (2020 and 2028)
Figure 32. Europe: Glacial Acrylic Acid Market Revenue Share, by Key Country (2020 and 2028)
Figure 33. Germany: Glacial Acrylic Acid Market –Revenue and Forecast to 2028 (US$ Million)
Figure 34. France: Glacial Acrylic Acid Market –Revenue and Forecast to 2028 (US$ Million)
Figure 35. Italy: Glacial Acrylic Acid Market –Revenue and Forecast to 2028 (US$ Million)
Figure 36. UK: Glacial Acrylic Acid Market –Revenue and Forecast to 2028 (US$ Million)
Figure 37. Russia: Glacial Acrylic Acid Market –Revenue and Forecast to 2028 (US$ Million)
Figure 38. Rest of Europe: Glacial Acrylic Acid Market –Revenue and Forecast to 2028 (US$ Million)
Figure 39. Asia Pacific: Glacial Acrylic Acid Market – Revenue and Forecast to 2028 (US$ Million)
Figure 40. Asia Pacific: Glacial Acrylic Acid Market Revenue Share, by Application (2020 and 2028)
Figure 41. Asia Pacific: Glacial Acrylic Acid Market Revenue Share, by Key Country (2020 and 2028)
Figure 42. Australia: Glacial Acrylic Acid Market –Revenue and Forecast to 2028 (US$ Million)
Figure 43. China: Glacial Acrylic Acid Market –Revenue and Forecast to 2028 (US$ Million)
Figure 44. Japan: Glacial Acrylic Acid Market –Revenue and Forecast to 2028 (US$ Million)
Figure 45. India: Glacial Acrylic Acid Market –Revenue and Forecast to 2028 (US$ Million)
Figure 46. South Korea: Glacial Acrylic Acid Market –Revenue and Forecast to 2028 (US$ Million)
Figure 47. Rest of Asia Pacific: Glacial Acrylic Acid Market –Revenue and Forecast to 2028 (US$ Million)
Figure 48. MEA: Glacial Acrylic Acid Market – Revenue and Forecast to 2028 (US$ Million)
Figure 49. MEA: Glacial Acrylic Acid Market Revenue Share, by Application (2020 and 2028)
Figure 50. MEA: Glacial Acrylic Acid Market Revenue Share, by Key Country (2020 and 2028)
Figure 51. South Africa: Glacial Acrylic Acid Market –Revenue and Forecast to 2028 (US$ Million)
Figure 52. Saudi Arabia: Glacial Acrylic Acid Market –Revenue and Forecast to 2028 (US$ Million)
Figure 53. UAE: Glacial Acrylic Acid Market –Revenue and Forecast to 2028 (US$ Million)
Figure 54. Rest of MEA: Glacial Acrylic Acid Market –Revenue and Forecast to 2028 (US$ Million)
Figure 55. South America: Glacial Acrylic Acid Market – Revenue and Forecast to 2028 (US$ Million)
Figure 56. South America: Glacial Acrylic Acid Market Revenue Share, by Application (2020 and 2028)
Figure 57. South America: Glacial Acrylic Acid Market Revenue Share, by Key Country (2020 and 2028)
Figure 58. Brazil: Glacial Acrylic Acid Market –Revenue and Forecast to 2028 (US$ Million)
Figure 59. Argentina: Glacial Acrylic Acid Market –Revenue and Forecast to 2028 (US$ Million)
Figure 60. Rest of South America: Glacial Acrylic Acid Market –Revenue and Forecast to 2028 (US$ Million)
Figure 61. Impact of COVID-19 Pandemic in North American Country Markets
Figure 62. Impact of COVID-19 Pandemic in Europe Country Markets
Figure 63. Impact of COVID-19 Pandemic in Asia Pacific Country Markets
Figure 64. Impact of COVID-19 Pandemic in Middle East and Africa Country Markets
Figure 65. Impact of COVID-19 Pandemic in South America Country Markets
The List of Companies - Global Glacial Acrylic Acid Market
- The Dow Chemical Company
- Arkema
- BASF SE
- Sasol
- Tasnee
- HAITUNG CHEMICALS CO., LTD.
- Mitsubishi Chemical Corporation
- NIPPON SHOKUBAI CO., LTD.
- Formosa Plastics Corporation
- BASF PETRONAS Chemicals Sdn. Bhd
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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