World Acrylic Acid Market Dominated by APAC, States Allied Market Research in Topical Report at MarketPublishers.com17 Jun 2016 • by Natalie Aster
LONDON – With demand for superabsorbent polymers swiftly rising and the market for adhesive and sealants showing a meteoric rise, the world’s market for acrylic acid is set to keep in growing in the upcoming years. Stringent regulations in different counties as well as volatility of raw material prices form key market restraints.
Commercialization of bio-based acrylic acid represents one of major opportunities this marketplace has. Acrylic polymers captured the largest share of the marketplace as of 2015, and they may maintain this position in the years to come.
Diapers make up the largest end-use market, and it is forecast to grow at a CAGR of just under 8% and stay the number one player through 2022.
APAC could boast the largest revenues in 2015, and it is set to remain a leading player through 2022. In the meantime, the fastest growth is forecast to occur in LAMEA, with CAGR being more than 7%.
Companies focus on expansions, creation of JVs and launches on new products to maintain their market positions and gain larger shares.
BASF, SIBUR, Arkema and Hexion are some of key companies in the global space.
In-demand research report “World Acrylic Acid Market - Opportunities and Forecasts, 2015 - 2022” drawn up by Allied Market Research provides an in-depth discussion of the global acrylic acid marketplace. The study contains an insightful overview of this marketplace. It explores the marketplace on the basis of derivative types.
The report focuses on end-user segments and limelights regional performance, besides covering top countries. The research study profiles leading players and gives detailed forecasts in the upcoming years.
Companies mentioned in the report comprise: Evonik Industries, SIBUR, Myriant Corporation, Arkema, and more.
More topical studies by Allied are available at its page.