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Global Acrylic Acid Market Size study & Forecast, by Derivative type (Acrylic Esters, Acrylic polymer, Others), by Formulation (Water-borne Coating, Solvent-borne Coating, Solventless Coating, Powder Coating, Radiation Curable Coating), by End-user (Diapers, Surface Coatings Industry, Adhesives And Sealants Industry, Others) and Regional Analysis, 2023-2030

February 2024 | 200 pages | ID: G2BEE2DB726EEN
Bizwit Research & Consulting LLP

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Global Acrylic Acid Market is valued at approximately USD XX billion in 2022 and is anticipated to grow with a healthy growth rate of more than XX% during the forecast period 2023-2030. Acrylic acid, an organic compound characterized by its sharp or pungent smell, serves as a precursor for the synthesis of acrylate esters. Acrylate esters find diverse applications, encompassing paper treatment, plastic additives, textiles, sealants, adhesives, and surface coatings. Additionally, acrylic acid plays a role in the manufacturing of sanitary medical devices, detergents, and chemicals for wastewater treatment. Industries are actively advancing and implementing methods to produce acrylic acid from petrochemicals. However, due to stringent regulations governing the commercial utilization of acrylic acid, manufacturers are increasingly turning to bio-based methodologies for its production, utilizing renewable resources such as glycerol and sugar. In comparison to petrochemical processes, the use of renewable feedstock yields economically competitive outcomes. The key factors driving the market growth are increasing demand for superabsorbent polymers, expanding applications in coatings and adhesives, and expansion in personal care and hygiene products that are anticipated to create the lucrative demand for acrylic acid at a substantial rate.

Additionally, the growing paints and coatings industry significantly supports the growth of the acrylic acid market. Acrylic acid is a crucial raw material in the production of acrylic-based coatings. These coatings are known for their versatility, durability, and weather resistance, making them highly desirable for various applications in the paints and coatings industry. According to Statista, in 2023, the global paints and coatings industry was valued at USD 179.98 billion and it is anticipated to reach USD 255.59 billion by 2032. As a result, the growing paints and coatings industry is anticipated to support the market growth. Moreover, ongoing advancements in production processes and the development of bio-based acrylic acid are anticipated to create lucrative opportunities for the market. However, environmental concerns health hazards, and regulatory issues stifle market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Acrylic Acid Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the rising awareness of superabsorbent polymers, environmental regulations the shift towards bio-based acrylic acid, and the presence of key market players. Whereas, the Asia Pacific is expected to grow with the fastest growth rate over the forecast period, owing to factors such as the increasing demand in end-use industries, rapid industrialization and urbanization, expanding construction sector, and growing awareness of hygiene products.

Major market player included in this report are:

Mitsubishi Chemical Holdings Corporation

Arkema S.A.

BASF SE

The Dow Chemical Co.

The Lubrizol Corporation

Evonik Industries Ag

LG Chem Ltd.

Myriant Corporation

Formosa Plastic Group

Jurong Group

Recent Developments in the Market:
  • In April 2022, Wanhua disclosed plans to invest USD 3.6 billion in establishing a chemical complex in China by 2024. The facility is set to produce a range of chemicals, including propylene oxide, polyether polyols, acrylic acid, polypropylene, and various others.
Global Acrylic Acid Market Report Scope:
  • Historical Data – 2020 - 2021
  • Base Year for Estimation – 2022
  • Forecast period - 2023-2030
  • Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
  • Segments Covered – Derivative type, Formulation, End-user, Region
  • Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
  • Customization Scope - Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Derivative type:

Acrylic Esters

Acrylic polymer

Others

By Formulation:

Water-borne Coating

Solvent-borne Coating

Solventless Coating

Powder Coating

Radiation Curable Coating

By End-user:

Diapers

Surface Coatings Industry

Adhesives And Sealants Industry

Plastic Additives Industry

Water Treatment Industry

Textiles Industry

Surfactants Industry

Others

By Region:

North America

U.S.

Canada

Europe

UK

Germany

France

Spain

Italy

ROE

Asia Pacific

China

India

Japan

Australia

South Korea

RoAPAC

Latin America

Brazil

Mexico

Middle East & Africa

Saudi Arabia

South Africa

Rest of Middle East & Africa
CHAPTER 1. EXECUTIVE SUMMARY

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
  1.2.1. Acrylic Acid Market, by Region, 2020-2030 (USD Billion)
  1.2.2. Acrylic Acid Market, by Derivative type, 2020-2030 (USD Billion)
  1.2.3. Acrylic Acid Market, by Formulation, 2020-2030 (USD Billion)
  1.2.4. Acrylic Acid Market, by End-user, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

CHAPTER 2. GLOBAL ACRYLIC ACID MARKET DEFINITION AND SCOPE

2.1. Objective of the Study
2.2. Market Definition & Scope
  2.2.1. Industry Evolution
  2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

CHAPTER 3. GLOBAL ACRYLIC ACID MARKET DYNAMICS

3.1. Acrylic Acid Market Impact Analysis (2020-2030)
  3.1.1. Market Drivers
    3.1.1.1. Increasing demand for superabsorbent polymers
    3.1.1.2. Expanding applications in coatings and adhesives
  3.1.2. Market Challenges
    3.1.2.1. Environmental concerns and health hazards
    3.1.2.2. Regulatory issues
  3.1.3. Market Opportunities
    3.1.3.1. Ongoing advancements in production processes
    3.1.3.2. Development of bio-based acrylic acid

CHAPTER 4. GLOBAL ACRYLIC ACID MARKET INDUSTRY ANALYSIS

4.1. Porter’s 5 Force Model
  4.1.1. Bargaining Power of Suppliers
  4.1.2. Bargaining Power of Buyers
  4.1.3. Threat of New Entrants
  4.1.4. Threat of Substitutes
  4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
  4.3.1. Political
  4.3.2. Economical
  4.3.3. Social
  4.3.4. Technological
  4.3.5. Environmental
  4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion

CHAPTER 5. GLOBAL ACRYLIC ACID MARKET, BY DERIVATIVE TYPE

5.1. Market Snapshot
5.2. Global Acrylic Acid Market by Derivative type, Performance - Potential Analysis
5.3. Global Acrylic Acid Market Estimates & Forecasts by Derivative type 2020-2030 (USD Billion)
5.4. Acrylic Acid Market, Sub Segment Analysis
  5.4.1. Acrylic Esters
  5.4.2. Acrylic polymer
  5.4.3. Others

CHAPTER 6. GLOBAL ACRYLIC ACID MARKET, BY FORMULATION

6.1. Market Snapshot
6.2. Global Acrylic Acid Market by Formulation, Performance - Potential Analysis
6.3. Global Acrylic Acid Market Estimates & Forecasts by Formulation 2020-2030 (USD Billion)
6.4. Acrylic Acid Market, Sub Segment Analysis
  6.4.1. Water-borne Coating
  6.4.2. Solvent-borne Coating
  6.4.3. Solventless Coating
  6.4.4. Powder Coating
  6.4.5. Radiation Curable Coating

CHAPTER 7. GLOBAL ACRYLIC ACID MARKET, BY END-USER

7.1. Market Snapshot
7.2. Global Acrylic Acid Market by End-user, Performance - Potential Analysis
7.3. Global Acrylic Acid Market Estimates & Forecasts by End-user 2020-2030 (USD Billion)
7.4. Acrylic Acid Market, Sub Segment Analysis
  7.4.1. Diapers
  7.4.2. Surface Coatings Industry
  7.4.3. Adhesives And Sealants Industry
  7.4.4. Plastic Additives Industry
  7.4.5. Water Treatment Industry
  7.4.6. Textiles Industry
  7.4.7. Surfactants Industry
  7.4.8. Others

CHAPTER 8. GLOBAL ACRYLIC ACID MARKET, REGIONAL ANALYSIS

8.1. Top Leading Countries
8.2. Top Emerging Countries
8.3. Acrylic Acid Market, Regional Market Snapshot
8.4. North America Acrylic Acid Market
  8.4.1. U.S. Acrylic Acid Market
    8.4.1.1. Derivative type breakdown estimates & forecasts, 2020-2030
    8.4.1.2. Formulation breakdown estimates & forecasts, 2020-2030
    8.4.1.3. End-user breakdown estimates & forecasts, 2020-2030
  8.4.2. Canada Acrylic Acid Market
8.5. Europe Acrylic Acid Market Snapshot
  8.5.1. U.K. Acrylic Acid Market
  8.5.2. Germany Acrylic Acid Market
  8.5.3. France Acrylic Acid Market
  8.5.4. Spain Acrylic Acid Market
  8.5.5. Italy Acrylic Acid Market
  8.5.6. Rest of Europe Acrylic Acid Market
8.6. Asia-Pacific Acrylic Acid Market Snapshot
  8.6.1. China Acrylic Acid Market
  8.6.2. India Acrylic Acid Market
  8.6.3. Japan Acrylic Acid Market
  8.6.4. Australia Acrylic Acid Market
  8.6.5. South Korea Acrylic Acid Market
  8.6.6. Rest of Asia Pacific Acrylic Acid Market
8.7. Latin America Acrylic Acid Market Snapshot
  8.7.1. Brazil Acrylic Acid Market
  8.7.2. Mexico Acrylic Acid Market
8.8. Middle East & Africa Acrylic Acid Market
  8.8.1. Saudi Arabia Acrylic Acid Market
  8.8.2. South Africa Acrylic Acid Market
  8.8.3. Rest of Middle East & Africa Acrylic Acid Market

CHAPTER 9. COMPETITIVE INTELLIGENCE

9.1. Key Company SWOT Analysis
  9.1.1. Company
  9.1.2. Company
  9.1.3. Company
9.2. Top Market Strategies
9.3. Company Profiles
  9.3.1. Mitsubishi Chemical Holdings Corporation
    9.3.1.1. Key Information
    9.3.1.2. Overview
    9.3.1.3. Financial (Subject to Data Availability)
    9.3.1.4. Product Summary
    9.3.1.5. Recent Developments
  9.3.2. Arkema S.A.
  9.3.3. BASF SE
  9.3.4. The Dow Chemical Co.
  9.3.5. The Lubrizol Corporation
  9.3.6. Evonik Industries Ag
  9.3.7. LG Chem Ltd.
  9.3.8. Myriant Corporation
  9.3.9. Formosa Plastic Group
  9.3.10. Jurong Group

CHAPTER 10. RESEARCH PROCESS

10.1. Research Process
  10.1.1. Data Mining
  10.1.2. Analysis
  10.1.3. Market Estimation
  10.1.4. Validation
  10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Acrylic Acid Market, report scope
TABLE 2. Global Acrylic Acid Market estimates & forecasts by region 2020-2030 (USD Billion)
TABLE 3. Global Acrylic Acid Market estimates & forecasts by Derivative type 2020-2030 (USD Billion)
TABLE 4. Global Acrylic Acid Market estimates & forecasts by Formulation 2020-2030 (USD Billion)
TABLE 5. Global Acrylic Acid Market estimates & forecasts by End-user 2020-2030 (USD Billion)
TABLE 6. Global Acrylic Acid Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 7. Global Acrylic Acid Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 8. Global Acrylic Acid Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 9. Global Acrylic Acid Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 10. Global Acrylic Acid Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 11. Global Acrylic Acid Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 12. Global Acrylic Acid Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 13. Global Acrylic Acid Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 14. Global Acrylic Acid Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 15. Global Acrylic Acid Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 16. U.S. Acrylic Acid Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 17. U.S. Acrylic Acid Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 18. U.S. Acrylic Acid Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 19. Canada Acrylic Acid Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 20. Canada Acrylic Acid Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 21. Canada Acrylic Acid Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 22. UK Acrylic Acid Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 23. UK Acrylic Acid Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 24. UK Acrylic Acid Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 25. Germany Acrylic Acid Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 26. Germany Acrylic Acid Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 27. Germany Acrylic Acid Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 28. France Acrylic Acid Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 29. France Acrylic Acid Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 30. France Acrylic Acid Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 31. Italy Acrylic Acid Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 32. Italy Acrylic Acid Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 33. Italy Acrylic Acid Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 34. Spain Acrylic Acid Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 35. Spain Acrylic Acid Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 36. Spain Acrylic Acid Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 37. RoE Acrylic Acid Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 38. RoE Acrylic Acid Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 39. RoE Acrylic Acid Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 40. China Acrylic Acid Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 41. China Acrylic Acid Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 42. China Acrylic Acid Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 43. India Acrylic Acid Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 44. India Acrylic Acid Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 45. India Acrylic Acid Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 46. Japan Acrylic Acid Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 47. Japan Acrylic Acid Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 48. Japan Acrylic Acid Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 49. South Korea Acrylic Acid Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 50. South Korea Acrylic Acid Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 51. South Korea Acrylic Acid Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 52. Australia Acrylic Acid Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 53. Australia Acrylic Acid Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 54. Australia Acrylic Acid Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 55. RoAPAC Acrylic Acid Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 56. RoAPAC Acrylic Acid Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 57. RoAPAC Acrylic Acid Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 58. Brazil Acrylic Acid Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 59. Brazil Acrylic Acid Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 60. Brazil Acrylic Acid Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 61. Mexico Acrylic Acid Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 62. Mexico Acrylic Acid Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 63. Mexico Acrylic Acid Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 64. RoLA Acrylic Acid Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 65. RoLA Acrylic Acid Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 66. RoLA Acrylic Acid Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 67. Saudi Arabia Acrylic Acid Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 68. South Africa Acrylic Acid Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 69. RoMEA Acrylic Acid Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 70. List of secondary sources, used in the study of global Acrylic Acid Market
TABLE 71. List of primary sources, used in the study of global Acrylic Acid Market
TABLE 72. Years considered for the study
TABLE 73. Exchange rates considered
List of tables and figures and dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

FIG 1. Global Acrylic Acid Market, research methodology
FIG 2. Global Acrylic Acid Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Acrylic Acid Market, key trends 2022
FIG 5. Global Acrylic Acid Market, growth prospects 2023-2030
FIG 6. Global Acrylic Acid Market, porters 5 force model
FIG 7. Global Acrylic Acid Market, pest analysis
FIG 8. Global Acrylic Acid Market, value chain analysis
FIG 9. Global Acrylic Acid Market by segment, 2020 & 2030 (USD Billion)
FIG 10. Global Acrylic Acid Market by segment, 2020 & 2030 (USD Billion)
FIG 11. Global Acrylic Acid Market by segment, 2020 & 2030 (USD Billion)
FIG 12. Global Acrylic Acid Market by segment, 2020 & 2030 (USD Billion)
FIG 13. Global Acrylic Acid Market by segment, 2020 & 2030 (USD Billion)
FIG 14. Global Acrylic Acid Market, regional snapshot 2020 & 2030
FIG 15. North America Acrylic Acid Market 2020 & 2030 (USD Billion)
FIG 16. Europe Acrylic Acid Market 2020 & 2030 (USD Billion)
FIG 17. Asia pacific Acrylic Acid Market 2020 & 2030 (USD Billion)
FIG 18. Latin America Acrylic Acid Market 2020 & 2030 (USD Billion)
FIG 19. Middle East & Africa Acrylic Acid Market 2020 & 2030 (USD Billion)
List of tables and figures and dummy in nature, final lists may vary in the final deliverable


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