Acrylic Acid Derivatives Market Size, Share, and Growth Analysis, By Application, By Product Type, By End Use Industry, By Molecular Weight, By Region - Industry Forecast 2025-2032

Global Acrylic Acid Derivatives Market size was valued at USD 20.5 billion in 2023 and is poised to grow from USD 21.59 billion in 2024 to USD 32.63 billion by 2032, growing at a CAGR of 5.3% during the forecast period (2025-2032).

The acrylic acid derivatives market is witnessing significant growth, propelled by diverse industry demands in personal care, construction, and automotive sectors. A major driver is the rising use of superabsorbent polymers (SAPs), crucial in hygiene products such as baby diapers and adult incontinence items. Additionally, the increasing application of acrylic esters in adhesives, sealants, and coatings is attributed to their superior binding and weather-resistance qualities, particularly in infrastructure and vehicle production. Environmental concerns are shaping market trends, with a notable shift towards eco-friendly water-based coatings that utilize acrylic derivatives. Furthermore, the personal care segment, encompassing hair and skincare products, is experiencing robust growth, thanks to an expanding consumer base seeking various personal care solutions for both men and women.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Acrylic Acid Derivatives market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global Acrylic Acid Derivatives Market Segments Analysis

Global Acrylic Acid Derivatives Market is segmented by Application, Product Type, End Use Industry, Molecular Weight and region. Based on Application, the market is segmented into Paints and Coatings, Adhesives and Sealants, Paper and Paperboard, Textiles and Plastics and Polymers. Based on Product Type, the market is segmented into Acrylic Acid, Acrylic Esters, Acrylic Amides and Acrylic Resins. Based on End Use Industry, the market is segmented into Automotive, Construction, Packaging, Electronics and Healthcare. Based on Molecular Weight, the market is segmented into Low Molecular Weight, Medium Molecular Weight and High Molecular Weight. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.

Driver of the Global Acrylic Acid Derivatives Market

One of the primary factors propelling the growth of the global acrylic acid derivatives market is the increasing demand for superabsorbent polymers (SAPs), which are essential in hygiene products. These acrylic acid-based polymers are vital for their exceptional liquid retention properties, making them integral to items such as diapers, feminine hygiene products, and adult incontinence solutions. As we move into 2024, a stabilization in global birth rates combined with a rising aging population, particularly in developed countries like Japan and Germany, has further fueled the demand for these critical products, thereby significantly impacting the acrylic acid derivatives market.

Restraints in the Global Acrylic Acid Derivatives Market

The Global Acrylic Acid Derivatives market faces significant constraints due to its reliance on propylene, a petrochemical sourced from crude oil. This dependency exposes the market to fluctuations in crude oil prices, often influenced by geopolitical issues or disruptions in the supply chain. For instance, in early 2024, a surge in global oil prices occurred due to shipping restrictions in the Red Sea, leading to a substantial rise in raw material costs for acrylic acid production. Such volatility adversely impacts profit margins and compels numerous manufacturers, particularly smaller ones, to revise their pricing strategies or postpone production cycles to navigate these challenges effectively.

Market Trends of the Global Acrylic Acid Derivatives Market

The Global Acrylic Acid Derivatives market is witnessing a significant shift towards bio-based alternatives, driven by sustainability initiatives and a decline in fossil fuel dependency. Companies are increasingly focusing on developing acrylic acid derivatives from renewable resources like glycerol and lactic acid, exemplified by Arkema's recent collaboration with a biotech startup to produce bio-based acrylic acid monomers. This trend is particularly prominent in Europe and North America, where environmentally conscious consumers and stringent corporate ESG mandates are reshaping procurement strategies. As the demand for sustainable products grows, the bio-based acrylic derivatives segment is poised for robust growth in the coming years.