Global Acrylic Acid Market is projected to grow at an impressive rate through 2028 due to the increasing demand from construction industry. Building an advanced industrial plant in Manchester cost USD 2,250 per square meter

Acrylic acid is a basic component of chemicals and is derived from propylene. Acrylic acid serves as a precursor for various industrial products, including coatings, adhesives, sealants, dispersants, and thickeners that are utilized in various sectors, including construction, automotive, building, telecommunication, and consumer goods. The commercialization of bio-based acrylic acid would boost the acrylic acid business and fend off government concerns about environmental protection.

Derivatives made from basic renewable materials would reduce our reliance on fossil fuels. The cost of manufacturing acrylic acid would experience a price correction because of the proper balancing of supply and demand because renewable raw derivative types are less expensive than resources derived from fossil fuels. Additionally, bio-based acrylic acid reduces the adverse impacts of acrylic acid on the environment, removing the restriction on utilizing acrylic acid concentrations following regulatory organizations' requirements. This element gives businesses the means to utilize acrylic acid as needed. The market for acrylic acid in places like North America and Europe, where government regulations constrain market development, has a significant growth opportunity due to bio-based acrylic acid. In 2022, the birth rate is 17.668 for every 1,000 people worldwide which contribute a lucrative demand from diaper.


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Growing Demand for Water Treatment

The treatment of wastewater is a significant issue worldwide. Industries expand along with population growth, posing environmental challenges and health risks. Therefore, it is in the best interests of scientists and engineers to create materials and techniques to reduce environmental pollution. The process of flocculation is crucial to wastewater treatment. The level of treated water quality indicators, a measure of wastewater treatment effectiveness, is reflected by the physical and chemical characteristics of flocculants based on poly (acrylamide-co-acrylic acid) produced by electron beam irradiation.

Growing Demand from Construction Industry

Acrylates give polymers various desirable qualities such as clarity, color stability, aging resistance, and heat resistance, in addition to outstanding weatherability, which increases product demand in the paint and adhesives industries. In addition, the glass transition temperature of acrylate ester, which allows the created polymer to be softer and more flexible rather than rigid and brittle, is an important property. Thus, acrylic acid is mostly utilized to create polymers for various plastic goods. Additionally, it can be used to make surfactants, adhesives, and sealants. The acrylic acid market's derivative, application, and geographic segments are separated. Methyl acrylate, butyl acrylate, ethyl acrylate, 2-Ethylhexyl acrylate, glacial acrylic acid, and superabsorbent polymers are the derivatives into which the market is divided.

Recent Developments

  • In August 2021, BASF and SINOPEC announced plans to expand their Verbund site, managed by BASF-YPC Co. Ltd., a 50% share-owned joint venture of both BASF and SINOPEC in Nanjing, China. The capacity of several downstream chemical plants is being increased, and a new tert-Butyl acrylate factory is being built to meet the rising Chinese market.

 Market Segmentation

Global Acrylic Acid market is segmented by derivative type, and application. Based on derivative type, the market is divided into Acrylic Esters (Ethyl Acrylate, Methyl Acrylate, Butyl Acrylate, 2-Ethyhexyl Acrylate), Acrylic Polymers (Super Absorbent Polymers, Acrylic Elastomers, Water Treatment Polymers), Ammonium Polyacrylate, Cyanopolyacrylate. Based on application, the market is segmented into surface coatings, adhesives & sealants, diapers, plastic additives, water treatment, thickeners, dispersants, others.

Market players

BASF SE, Arkema SA, The Lubrizol Corporation, LG Chem Ltd., NIPPON SHOKUBAI CO., LTD, Evonik Industries AG, Dow Chemical Company, SunVic Chemical Holdings Limited, Hexion Inc., and Shanghai Huayi Acrylic Acid Co. Ltd are some of the key market players.

Attribute

Details

Base Year

2022

Historic Data

2018 – 2021

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Million, Volume in metric tons, and CAGR for 2018-2022 and 2023-2028

Report Coverage

Revenue forecast, Volume Forecast, company share, competitive landscape, growth factors, and trends

Segments Covered

Composite Type

Graphene Type

Application

Regional scope

North America; Europe; Asia Pacific; South America; Middle East & Africa

Country scope

United States, Canada, Mexico; China, India, Japan, South Korea, Australia; Germany, France, United Kingdom, Italy, Spain; Brazil, Argentina, Colombia; South Africa, UAE, Saudi Arabia, Turkey, and Egypt.

Key companies profiled

BASF SE, Arkema SA, The Lubrizol Corporation, LG Chem Ltd., NIPPON SHOKUBAI CO., LTD, Evonik Industries AG, Dow Chemical Company, SunVic Chemical Holdings Limited, Hexion Inc., and Shanghai Huayi Acrylic Acid Co.

Customization scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 Report Scope:

In this report, Global Acrylic Acid Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Acrylic Acid Market, By Derivative Type:
    • Acrylic Esters (Ethyl Acrylate, Methyl Acrylate, Butyl Acrylate, 2-Ethyhexyl Acrylate)
    • Acrylic Polymers (Super Absorbent Polymers, Acrylic Elastomers, Water Treatment Polymers)
    • Ammonium Polyacrylate
    • Cyanopolyacrylate
  • Acrylic Acid Market, By Application Type:
    • Surface Coatings
    • Adhesives & Sealants
    • Diapers
    • Plastic Additives
    • Water Treatment
    • Thickeners
    • Dispersants
    • Others
  • Acrylic Acid Market, By Region:
    • North America
      • United States
      • Canada
      • Mexico
    • Europe
      • France
      • Germany
      • United Kingdom
      • Italy
      • Spain
    • Asia-Pacific
      • China
      • India
      • Japan
      • South Korea
      • Australia
    • South America
      • Brazil
      • Argentina
      • Colombia
    • Middle East & Africa

§  South Africa

§  Saudi Arabia

§  UAE

§  Turkey

§  Egypt

Competitive Landscape

Company Profiles: Detailed analysis of the major companies in Global Acrylic Acid Market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

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1.    Product Overview

1.1.  Market Definition

1.2.  Scope of the Market

1.2.1.     Markets Covered

1.2.2.     Years Considered for Study

1.2.3.     Key Market Segmentations

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary

3.1.  Overview of the Market

3.2.  Overview of Key Market Segmentations

3.3.  Overview of Key Market Players

3.4.  Overview of Key Regions/Countries

3.5.  Overview of Market Drivers, Challenges, and Trends

4.    Voice of Customer

5.    Global Acrylic Acid Market Outlook

5.1.  Market Size & Forecast

5.1.1.     By Value & Volume

5.2.  Market Share & Forecast

5.2.1. By Derivative Type (Acrylic Esters (Ethyl Acrylate, Methyl Acrylate, Butyl Acrylate, 2-Ethyhexyl Acrylate), Acrylic Polymers (Super Absorbent Polymers, Acrylic Elastomers, Water Treatment Polymers), Ammonium Polyacrylate, Cyanopolyacrylate)

5.2.2. By Application (Surface Coatings, Adhesives & Sealants, Diapers, Plastic Additives, Water Treatment, Thickeners, Dispersants, Others)

5.2.3. By Region (North America, Europe, Asia Pacific, South America, Middle East & Africa)

5.2.4. By Company (2022)

5.3.  Market Map

5.3.1.     By Derivative Type

5.3.2.     By Application

5.3.3.     By Region

5.4.  Pricing Analysis

6.    North America Acrylic Acid Market Outlook

6.1.  Market Size & Forecast          

6.1.1.     By Value & Volume

6.2.  Market Share & Forecast

6.2.1.     By Derivative Type

6.2.2.     By Application

6.2.3.     By Country

6.3.  Pricing Analysis

6.4.  North America: Country Analysis

6.4.1.     United States Acrylic Acid Market Outlook

6.4.1.1.         Market Size & Forecast

6.4.1.1.1.             By Value & Volume

6.4.1.2.         Market Share & Forecast

6.4.1.2.1.             By Derivative Type

6.4.1.2.2.             By Application

6.4.2.     Mexico Acrylic Acid Market Outlook

6.4.2.1.         Market Size & Forecast

6.4.2.1.1.             By Value & Volume

6.4.2.2.         Market Share & Forecast

6.4.2.2.1.             By Derivative Type

6.4.2.2.2.             By Application

6.4.3.     Canada Acrylic Acid Market Outlook

6.4.3.1.         Market Size & Forecast

6.4.3.1.1.             By Value & Volume

6.4.3.2.         Market Share & Forecast

6.4.3.2.1.             By Derivative Type

6.4.3.2.2.             By Application

7.    Europe Acrylic Acid Market Outlook

7.1.  Market Size & Forecast          

7.1.1.     By Value & Volume

7.2.  Market Share & Forecast

7.2.1.     By Derivative Type

7.2.2.     By Application

7.2.3.     By Country

7.3.  Pricing Analysis

7.4.  Europe: Country Analysis

7.4.1.     France Acrylic Acid Market Outlook

7.4.1.1.         Market Size & Forecast

7.4.1.1.1.             By Value & Volume

7.4.1.2.         Market Share & Forecast

7.4.1.2.1.             By Derivative Type

7.4.1.2.2.             By Application

7.4.2.     Germany Acrylic Acid Market Outlook

7.4.2.1.         Market Size & Forecast

7.4.2.1.1.             By Value & Volume

7.4.2.2.         Market Share & Forecast

7.4.2.2.1.             By Derivative Type

7.4.2.2.2.             By Application

7.4.3.     United Kingdom Acrylic Acid Market Outlook

7.4.3.1.         Market Size & Forecast

7.4.3.1.1.             By Value & Volume

7.4.3.2.         Market Share & Forecast

7.4.3.2.1.             By Derivative Type

7.4.3.2.2.             By Application

7.4.4.     Italy Acrylic Acid Market Outlook

7.4.4.1.         Market Size & Forecast

7.4.4.1.1.             By Value & Volume

7.4.4.2.         Market Share & Forecast

7.4.4.2.1.             By Derivative Type

7.4.4.2.2.             By Application

7.4.5.     Spain Acrylic Acid Market Outlook

7.4.5.1.         Market Size & Forecast

7.4.5.1.1.             By Value & Volume

7.4.5.2.         Market Share & Forecast

7.4.5.2.1.             By Derivative Type

7.4.5.2.2.             By Application

8.    Asia-Pacific Acrylic Acid Market Outlook

8.1.  Market Size & Forecast          

8.1.1.     By Value & Volume

8.2.  Market Share & Forecast

8.2.1.     By Derivative Type

8.2.2.     By Application

8.2.3.     By Country

8.3.  Pricing Analysis

8.4.  Asia-Pacific: Country Analysis

8.4.1.     China Acrylic Acid Market Outlook

8.4.1.1.         Market Size & Forecast

8.4.1.1.1.             By Value & Volume

8.4.1.2.         Market Share & Forecast

8.4.1.2.1.             By Derivative Type

8.4.1.2.2.             By Application

8.4.2.     India Acrylic Acid Market Outlook

8.4.2.1.         Market Size & Forecast

8.4.2.1.1.             By Value & Volume

8.4.2.2.         Market Share & Forecast

8.4.2.2.1.             By Derivative Type

8.4.2.2.2.             By Application

8.4.3.     Japan Acrylic Acid Market Outlook

8.4.3.1.         Market Size & Forecast

8.4.3.1.1.             By Value & Volume

8.4.3.2.         Market Share & Forecast

8.4.3.2.1.             By Derivative Type

8.4.3.2.2.             By Application

8.4.4.     South Korea Acrylic Acid Market Outlook

8.4.4.1.         Market Size & Forecast

8.4.4.1.1.             By Value & Volume

8.4.4.2.         Market Share & Forecast

8.4.4.2.1.             By Derivative Type

8.4.4.2.2.             By Application

8.4.5.     Australia Acrylic Acid Market Outlook

8.4.5.1.         Market Size & Forecast

8.4.5.1.1.             By Value & Volume

8.4.5.2.         Market Share & Forecast

8.4.5.2.1.             By Derivative Type

8.4.5.2.2.             By Application

9.    South America Acrylic Acid Market Outlook

9.1.  Market Size & Forecast          

9.1.1.     By Value & Volume

9.2.  Market Share & Forecast

9.2.1.     By Derivative Type

9.2.2.     By Application

9.2.3.     By Country

9.3.  Pricing Analysis

9.4.  South America: Country Analysis

9.4.1.     Brazil Acrylic Acid Market Outlook

9.4.1.1.         Market Size & Forecast

9.4.1.1.1.             By Value & Volume

9.4.1.2.         Market Share & Forecast

9.4.1.2.1.             By Derivative Type

9.4.1.2.2.             By Application

9.4.2.     Argentina Acrylic Acid Market Outlook

9.4.2.1.         Market Size & Forecast

9.4.2.1.1.             By Value & Volume

9.4.2.2.         Market Share & Forecast

9.4.2.2.1.             By Derivative Type

9.4.2.2.2.             By Application

9.4.3.     Colombia Acrylic Acid Market Outlook

9.4.3.1.         Market Size & Forecast

9.4.3.1.1.             By Value & Volume

9.4.3.2.         Market Share & Forecast

9.4.3.2.1.             By Derivative Type

9.4.3.2.2.             By Application

10.  Middle East and Africa Acrylic Acid Market Outlook

10.1.              Market Size & Forecast

10.1.1.  By Value & Volume

10.2.              Market Share & Forecast

10.2.1.  By Derivative Type

10.2.2.  By Application

10.2.3.  By Country

10.3.              Pricing Analysis

10.4.              MEA: Country Analysis

10.4.1.  South Africa Acrylic Acid Market Outlook

10.4.1.1.      Market Size & Forecast

10.4.1.1.1.           By Value & Volume

10.4.1.2.      Market Share & Forecast

10.4.1.2.1.           By Derivative Type

10.4.1.2.2.           By Application

10.4.2.  Saudi Arabia Acrylic Acid Market Outlook

10.4.2.1.      Market Size & Forecast

10.4.2.1.1.           By Value & Volume

10.4.2.2.      Market Share & Forecast

10.4.2.2.1.           By Derivative Type

10.4.2.2.2.           By Application

10.4.3.  UAE Acrylic Acid Market Outlook

10.4.3.1.      Market Size & Forecast

10.4.3.1.1.           By Value & Volume

10.4.3.2.      Market Share & Forecast

10.4.3.2.1.           By Derivative Type

10.4.3.2.2.           By Application

10.4.4.  Turkey Acrylic Acid Market Outlook

10.4.4.1.      Market Size & Forecast

10.4.4.1.1.           By Value & Volume

10.4.4.2.      Market Share & Forecast

10.4.4.2.1.           By Derivative Type

10.4.4.2.2.           By Application

10.4.5.  Egypt Acrylic Acid Market Outlook

10.4.5.1.      Market Size & Forecast

10.4.5.1.1.           By Value & Volume

10.4.5.2.      Market Share & Forecast

10.4.5.2.1.           By Derivative Type

10.4.5.2.2.           By Application

11.  Market Dynamics

11.1.              Drivers

11.1.1.  Growing Demand for Water Treatment

11.1.2.  Growing Demand from Construction Industry

11.2.              Challenges

11.2.1.  Contamination during production

11.2.2.  Strict regulation and monitoring

12.  Market Trends & Developments

12.1.              Merger & Acquisition

12.2.              Product Development

13.  Porters Five Forces Analysis

13.1.              Competition in the Industry

13.2.              Potential of New Entrants

13.3.              Power of Suppliers

13.4.              Power of Customers

13.5.              Threat of Substitute Products

14.  Competitive Landscape

14.1.              Business Overview

14.2.              Company Snapshot

14.3.              Products & Services

14.4.              Financials (As Reported)

14.5.              Recent Developments

14.6.              SWOT Analysis

14.6.1.  BASF SE

14.6.2.  Arkema SA

14.6.3.  The Lubrizol Corporation

14.6.4.  LG Chem Ltd

14.6.5.  NIPPON SHOKUBAI CO., LTD

14.6.6.  Evonik Industries AG

14.6.7.  Dow Chemical Company

14.6.8.  SunVic Chemical Holdings Limited

14.6.9.  Hexion Inc

14.6.10.  Shanghai Huayi Acrylic Acid Co. Ltd

15.  Strategic Recommendations

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