Global Acrylic Acid Market Outlook to 2027
Acrylic Acid (C3H4O2) is the simplest unsaturated carboxylic acid. It is a colorless liquid having a characteristic acrid or tart smell. Acrylic acid is mainly used to produce acrylic esters and resins which are needed for coatings and adhesives. It is also used in oil treatment chemicals, water treatment chemicals, and polyacrylic acid polymers.
According to BlueQuark Research & Consulting, the global Acrylic Acid market is expected to witness a significant growth rate having a CAGR of around 5% during the forecast period. The major factors responsible for the Global Acrylic Acid market's growth are increasing surfactants' consumption, surface coatings, and adhesives & sealants. Also, the growing demand for superabsorbent polymers in the personal care industry is expected to drive growth over the forecast period. However, the growth prospects of the market are hampered by fluctuating raw material prices.
Asia-Pacific region is projected to be the largest market for global Acrylic Acid. Due to the growing investments in the infrastructure, automotive, and construction industries, the demand for paints and coatings is increasing in this region. Asia-Pacific region is the major consumer of hygiene and personal care products in the world. The demand for personal care and hygiene products in the region is attributed to the region's large infant population, leading to an increase in personal and hygiene care spending.
In terms of segmentation by derivatives, the Global Acrylic Acid market is dominated by Acrylate esters. They exhibit properties such as color stability, clarity, aging, heat resistance, and excellent weather-ability, and hence are used in coating & adhesives industries.
Sanitary products are the segment with the largest market share in the Acrylic Acid market in terms of segmentation by the application. The increasing awareness of hygiene among all population groups is expected to promote the usage of sanitary products such as sanitary pads, diapers, and pads, which in turn, may likely increase the consumption of acrylic acid during the forecast period.
The Global Acrylic Acid market is partially consolidated. Major companies in the market were found to be Arkema, BASF, LG Chemical, Mitsubishi Chemicals, Sinopec, and Evonik Industries, among others.
In 2018, BASF SE announced that it would make a joint venture with Petronas to increase its production capacity at its acrylic acid and butyl acrylate plants in Kuantan, Malaysia, to cater to the increasing demand for acrylic monomers in the Asia Pacific region.
Global Acrylic Acid Market report provides deep insight into the Acrylic Acid market's current and future state across various regions. The study comprehensively analyzes the Acrylic Acid market by segmenting based on Derivatives (Acrylic Ester (Butyl Acrylate, Ethyl Acrylate, Methyl Acrylate, 2-Ethylhexyl Acrylate) and Glacial Acrylic Acid (Super Absorbent Polymer, Detergent Builder, Polyacrylate)), Application (Sanitary Products, Adhesives and Sealants, Paints and Coatings, Surfactants, Textiles and, Other Applications), and Geography (North America, Asia-Pacific, South America, Europe, and Middle-East and Africa). The report examines the market drivers and restraints and the impact of Covid-19 on the market growth in detail. The study covers & includes emerging market trends, developments, opportunities, and challenges in the industry. This report also extensively researched competitive landscape sections with major companies' profiles, including their market shares and projects.
According to BlueQuark Research & Consulting, the global Acrylic Acid market is expected to witness a significant growth rate having a CAGR of around 5% during the forecast period. The major factors responsible for the Global Acrylic Acid market's growth are increasing surfactants' consumption, surface coatings, and adhesives & sealants. Also, the growing demand for superabsorbent polymers in the personal care industry is expected to drive growth over the forecast period. However, the growth prospects of the market are hampered by fluctuating raw material prices.
Asia-Pacific region is projected to be the largest market for global Acrylic Acid. Due to the growing investments in the infrastructure, automotive, and construction industries, the demand for paints and coatings is increasing in this region. Asia-Pacific region is the major consumer of hygiene and personal care products in the world. The demand for personal care and hygiene products in the region is attributed to the region's large infant population, leading to an increase in personal and hygiene care spending.
In terms of segmentation by derivatives, the Global Acrylic Acid market is dominated by Acrylate esters. They exhibit properties such as color stability, clarity, aging, heat resistance, and excellent weather-ability, and hence are used in coating & adhesives industries.
Sanitary products are the segment with the largest market share in the Acrylic Acid market in terms of segmentation by the application. The increasing awareness of hygiene among all population groups is expected to promote the usage of sanitary products such as sanitary pads, diapers, and pads, which in turn, may likely increase the consumption of acrylic acid during the forecast period.
The Global Acrylic Acid market is partially consolidated. Major companies in the market were found to be Arkema, BASF, LG Chemical, Mitsubishi Chemicals, Sinopec, and Evonik Industries, among others.
In 2018, BASF SE announced that it would make a joint venture with Petronas to increase its production capacity at its acrylic acid and butyl acrylate plants in Kuantan, Malaysia, to cater to the increasing demand for acrylic monomers in the Asia Pacific region.
Global Acrylic Acid Market report provides deep insight into the Acrylic Acid market's current and future state across various regions. The study comprehensively analyzes the Acrylic Acid market by segmenting based on Derivatives (Acrylic Ester (Butyl Acrylate, Ethyl Acrylate, Methyl Acrylate, 2-Ethylhexyl Acrylate) and Glacial Acrylic Acid (Super Absorbent Polymer, Detergent Builder, Polyacrylate)), Application (Sanitary Products, Adhesives and Sealants, Paints and Coatings, Surfactants, Textiles and, Other Applications), and Geography (North America, Asia-Pacific, South America, Europe, and Middle-East and Africa). The report examines the market drivers and restraints and the impact of Covid-19 on the market growth in detail. The study covers & includes emerging market trends, developments, opportunities, and challenges in the industry. This report also extensively researched competitive landscape sections with major companies' profiles, including their market shares and projects.
1. Executive Summary
2. Research Scope and Methodology
2.1 Aim & Objective of the study
2.2 Market Definition
2.3 Study Information
2.4 General Study Assumptions
2.5 Research Phases
3. Market Analysis
3.1 Introduction
3.2 Market Dynamics
3.2.1 Drivers
3.2.2 Restraints
3.3 Market Trends & Developments
3.4 Market Opportunities
3.5 Feedstock Analysis
3.6 Trade Scenario
3.7 Regulatory Policies
3.8 Analysis of Covid-19 Impact
4. Industry Analysis
4.1 Supply Chain Analysis
4.2 Porter's Five Forces Analysis
4.2.1 Competition in the Industry
4.2.2 Potential of New Entrants into the Industry
4.2.3 Bargaining Power of Suppliers
4.2.4 Bargaining Power of Consumers
4.2.5 Threat of substitute products
5. Market Segmentation & Forecast
5.1 By Derivatives
5.1.1 Acrylic Ester
5.1.1.1 Butyl Acrylate
5.1.1.2 Ethyl Acrylate
5.1.1.3 Methyl Acrylate
5.1.1.4 2-Ethylhexyl Acrylate
5.1.2 Glacial Acrylic Acid
5.1.2.1 Super Absorbent Polymer
5.1.2.2 Detergent Builder
5.1.2.3 Polyacrylate
5.2 By Application
5.2.1 Sanitary Products
5.2.2 Adhesives and Sealants
5.2.3 Paints and Coatings
5.2.4 Surfactants
5.2.5 Textiles
5.2.6 Other Applications
6. Regional Market Analysis
6.1 North America
6.1.1 United States
6.1.2 Canada
6.1.3 Mexico
6.2 Europe
6.2.1 Germany
6.2.2 United Kingdom
6.2.3 Italy
6.2.4 France
6.2.5 Rest of Europe
6.3 Asia-Pacific
6.3.1 China
6.3.2 India
6.3.3 Japan
6.3.4 South Korea
6.3.5 Rest of Asia-Pacific
6.4 South America
6.4.1 Brazil
6.4.2 Argentina
6.4.3 Rest of South America
6.5 Middle East & Africa
6.5.1 South Africa
6.5.2 Saudi Arabia
6.5.3 Rest of Middle East & Africa
7. Key Company Profiles
7.1 Arkema
7.2 BASF
7.3 Dow Chemical Company
7.4 Nippon Shokubai
7.5 CNPC
7.6 Formosa Plastics Co.
7.7 Jiangsu Jurong Chemical Co. Ltd.
7.8 LG Chemical
7.9 Mitsubishi Chemical
7.10 Momentive Specialty Chemicals co.
7.11 Shenyang Chemical Co. Ltd.
7.12 SIBUR
7.13 Sinopec
7.14 TASNEE
7.15 Zhejiang Chemical
7.16 China Petroleum & Chemical Corporation
7.17 Evonik Industries
7.18 Hexion Inc.
7.19 PJSC Sibur Holding
7.20 Myriant Corporation
8. Competitive Landscape
8.1 List of Notable Players in the Market
8.2 M&A, JV, and Agreements
8.3 Market Share Analysis
8.4 Strategies of Key Players
9. Conclusions and Recommendations
2. Research Scope and Methodology
2.1 Aim & Objective of the study
2.2 Market Definition
2.3 Study Information
2.4 General Study Assumptions
2.5 Research Phases
3. Market Analysis
3.1 Introduction
3.2 Market Dynamics
3.2.1 Drivers
3.2.2 Restraints
3.3 Market Trends & Developments
3.4 Market Opportunities
3.5 Feedstock Analysis
3.6 Trade Scenario
3.7 Regulatory Policies
3.8 Analysis of Covid-19 Impact
4. Industry Analysis
4.1 Supply Chain Analysis
4.2 Porter's Five Forces Analysis
4.2.1 Competition in the Industry
4.2.2 Potential of New Entrants into the Industry
4.2.3 Bargaining Power of Suppliers
4.2.4 Bargaining Power of Consumers
4.2.5 Threat of substitute products
5. Market Segmentation & Forecast
5.1 By Derivatives
5.1.1 Acrylic Ester
5.1.1.1 Butyl Acrylate
5.1.1.2 Ethyl Acrylate
5.1.1.3 Methyl Acrylate
5.1.1.4 2-Ethylhexyl Acrylate
5.1.2 Glacial Acrylic Acid
5.1.2.1 Super Absorbent Polymer
5.1.2.2 Detergent Builder
5.1.2.3 Polyacrylate
5.2 By Application
5.2.1 Sanitary Products
5.2.2 Adhesives and Sealants
5.2.3 Paints and Coatings
5.2.4 Surfactants
5.2.5 Textiles
5.2.6 Other Applications
6. Regional Market Analysis
6.1 North America
6.1.1 United States
6.1.2 Canada
6.1.3 Mexico
6.2 Europe
6.2.1 Germany
6.2.2 United Kingdom
6.2.3 Italy
6.2.4 France
6.2.5 Rest of Europe
6.3 Asia-Pacific
6.3.1 China
6.3.2 India
6.3.3 Japan
6.3.4 South Korea
6.3.5 Rest of Asia-Pacific
6.4 South America
6.4.1 Brazil
6.4.2 Argentina
6.4.3 Rest of South America
6.5 Middle East & Africa
6.5.1 South Africa
6.5.2 Saudi Arabia
6.5.3 Rest of Middle East & Africa
7. Key Company Profiles
7.1 Arkema
7.2 BASF
7.3 Dow Chemical Company
7.4 Nippon Shokubai
7.5 CNPC
7.6 Formosa Plastics Co.
7.7 Jiangsu Jurong Chemical Co. Ltd.
7.8 LG Chemical
7.9 Mitsubishi Chemical
7.10 Momentive Specialty Chemicals co.
7.11 Shenyang Chemical Co. Ltd.
7.12 SIBUR
7.13 Sinopec
7.14 TASNEE
7.15 Zhejiang Chemical
7.16 China Petroleum & Chemical Corporation
7.17 Evonik Industries
7.18 Hexion Inc.
7.19 PJSC Sibur Holding
7.20 Myriant Corporation
*List of companies is not exhaustive
8. Competitive Landscape
8.1 List of Notable Players in the Market
8.2 M&A, JV, and Agreements
8.3 Market Share Analysis
8.4 Strategies of Key Players
9. Conclusions and Recommendations
LIST OF TABLES
Global Acrylic Acid Market, in USD Million, 2016-2025
Acrylic Ester – Acrylic Acid Market, in USD Million, 2016-2025
Butyl Acrylate – Acrylic Acid Market, in USD Million, 2016-2025
Ethyl Acrylate – Acrylic Acid Market, in USD Million, 2016-2025
Methyl Acrylate – Acrylic Acid Market, in USD Million, 2016-2025
2-Ethylhexyl Acrylate – Acrylic Acid Market, in USD Million, 2016-2025
Glacial Acrylic Acid – Acrylic Acid Market, in USD Million, 2016-2025
Super Absorbent Polymer – Acrylic Acid Market, in USD Million, 2016-2025
Detergent Builder – Acrylic Acid Market, in USD Million, 2016-2025
Polyacrylate – Acrylic Acid Market, in USD Million, 2016-2025
Sanitary Products – Acrylic Acid Market, in USD Million, 2016-2025
Adhesives and Sealants – Acrylic Acid Market, in USD Million, 2016-2025
Paints and Coatings – Acrylic Acid Market, in USD Million, 2016-2025
Surfactants – Acrylic Acid Market, in USD Million, 2016-2025
Textiles – Acrylic Acid Market, in USD Million, 2016-2025
Other applications – Acrylic Acid Market, in USD Million, 2016-2025
North America - Acrylic Acid Market, in USD Million, 2016-2025
Europe – Acrylic Acid Market, in USD Million, 2016-2025
Asia-Pacific - Acrylic Acid Market, in USD Million, 2016-2025
South America - Acrylic Acid Market, in USD Million, 2016-2025
Middle East & Africa - Acrylic Acid Market, in USD Million, 2016-2025
Acrylic Acid - Market Share of Key Companies in 2019
Other Supporting Charts
Chemicals Industry Growth Data, 2013-2019
Hygiene and Personal Care Industry Growth Data, 2013-2019
Global Acrylic Acid Market, in USD Million, 2016-2025
Acrylic Ester – Acrylic Acid Market, in USD Million, 2016-2025
Butyl Acrylate – Acrylic Acid Market, in USD Million, 2016-2025
Ethyl Acrylate – Acrylic Acid Market, in USD Million, 2016-2025
Methyl Acrylate – Acrylic Acid Market, in USD Million, 2016-2025
2-Ethylhexyl Acrylate – Acrylic Acid Market, in USD Million, 2016-2025
Glacial Acrylic Acid – Acrylic Acid Market, in USD Million, 2016-2025
Super Absorbent Polymer – Acrylic Acid Market, in USD Million, 2016-2025
Detergent Builder – Acrylic Acid Market, in USD Million, 2016-2025
Polyacrylate – Acrylic Acid Market, in USD Million, 2016-2025
Sanitary Products – Acrylic Acid Market, in USD Million, 2016-2025
Adhesives and Sealants – Acrylic Acid Market, in USD Million, 2016-2025
Paints and Coatings – Acrylic Acid Market, in USD Million, 2016-2025
Surfactants – Acrylic Acid Market, in USD Million, 2016-2025
Textiles – Acrylic Acid Market, in USD Million, 2016-2025
Other applications – Acrylic Acid Market, in USD Million, 2016-2025
North America - Acrylic Acid Market, in USD Million, 2016-2025
Europe – Acrylic Acid Market, in USD Million, 2016-2025
Asia-Pacific - Acrylic Acid Market, in USD Million, 2016-2025
South America - Acrylic Acid Market, in USD Million, 2016-2025
Middle East & Africa - Acrylic Acid Market, in USD Million, 2016-2025
Acrylic Acid - Market Share of Key Companies in 2019
Other Supporting Charts
Chemicals Industry Growth Data, 2013-2019
Hygiene and Personal Care Industry Growth Data, 2013-2019
