PUBLISHER: TechSci Research | PRODUCT CODE: 1294625
PUBLISHER: TechSci Research | PRODUCT CODE: 1294625
Acrylic Acid Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Derivative Type, By Application By Region, and Competition
We offer 8 hour analyst time for an additional research. Please contact us for the details.
Global Acrylic Acid Market is projected to grow at an impressive rate through 2028 due to the increasing demand from the construction industry. Building an advanced industrial plant in Manchester costs 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 was 17.668 for every 1,000 people worldwide, which contributed to a lucrative demand for diapers.
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 weather ability, 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.
Report Scope
In this report, Global Acrylic Acid Market has been segmented into the 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).
Table of Contents
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
- 6.4.1.1. Market Size & Forecast
- 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
- 6.4.2.1. Market Size & Forecast
- 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
- 6.4.3.1. Market Size & Forecast
- 6.4.1. United States Acrylic Acid Market Outlook
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
- 7.4.1.1. Market Size & Forecast
- 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
- 7.4.2.1. Market Size & Forecast
- 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
- 7.4.3.1. Market Size & Forecast
- 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
- 7.4.4.1. Market Size & Forecast
- 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
- 7.4.5.1. Market Size & Forecast
- 7.4.1. France Acrylic Acid Market Outlook
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
- 8.4.1.1. Market Size & Forecast
- 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
- 8.4.2.1. Market Size & Forecast
- 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
- 8.4.3.1. Market Size & Forecast
- 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
- 8.4.4.1. Market Size & Forecast
- 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
- 8.4.5.1. Market Size & Forecast
- 8.4.1. China Acrylic Acid Market Outlook
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
- 9.4.1.1. Market Size & Forecast
- 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
- 9.4.2.1. Market Size & Forecast
- 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
- 9.4.3.1. Market Size & Forecast
- 9.4.1. Brazil Acrylic Acid Market Outlook
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
- 10.4.1.1. Market Size & Forecast
- 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
- 10.4.2.1. Market Size & Forecast
- 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
- 10.4.3.1. Market Size & Forecast
- 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
- 10.4.4.1. Market Size & Forecast
- 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
- 10.4.5.1. Market Size & Forecast
- 10.4.1. South Africa Acrylic Acid Market Outlook
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
