#Glacial Acrylic Acid Industry
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Acrylic Acid Market Analysis, Segments, Leading Player, Application & Forecast to 2032
According to a recent study by Future Market Insights, the acrylic acid market is expected to reach US$ 22.6 Billion by 2032, up from US$ 14.6 Billion in 2022, expanding at a CAGR of 4.5%.
The rise in demand for methacrylate-based polymers for the manufacturing of lighting fixtures, glazing, automotive rear lights, and electronic displays has witnessed significant growth, which in turn, represents prominent growth in the acrylic acid market over the analysis period.
Acrylic acid-based polymers have replaced conventionally used materials in major end-use industries, such as automotive, building and construction, electronics, and others. Acrylic acid-based elastomers such as AEM (Ethylene Acrylic Elastomers), are used as an alternative to synthetic rubber in various applications, such as automotive gaskets, hoses, and others.
In addition, owing to the improved properties of AEM, such as strength, and resistance, among others, there is an increasing demand for acrylic acid from the polymer industry during the forecast period. Additionally, the rise in demand for methacrylate-based polymers for the manufacturing of lighting fixtures, glazing, automotive rear lights, and electronic displays has witnessed significant growth, which in turn, represents prominent growth in the acrylic acid market.
Competitive Landscape
Players in the global acrylic acid market focus on expanding their global reach through various strategies, such as; partnerships, collaborations, and partnerships. The players are also making a significant investment in R&D to add innovations to their products which would help them in strengthening their position in the global market.
Request Sample Copy of Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-14801
Key Companies Profiled
BASF SE
Dow Chemical
Lucite International
LG Chem
Mitsubishi Chemical Corporation
Cargill, Incorporated
Nippon Shokubai Co., Ltd.
SNP Inc.
The Lubrizol Corporation
Formosa Plastic Corporation
Arkema S.A.
Ashland
Kemira Oyi
Key Segments Covered In The Acrylic Acid Market Study
Acrylic Acid Market by Product:
Acrylate Esters
Glacial Acrylic Acid
Other Acrylic Acid Products
Acrylic Acid Market by End-Use Industry:
Acrylic Acid for Surfactants
Acrylic Acid for Organic Chemicals
Acrylic Acid for Adhesives & Sealants
Acrylic Acid for Textiles
Acrylic Acid for Water Treatment
Acrylic Acid for Personal Care Products
Acrylic Acid for Other End-Use Industries
Know More about What the Acrylic Acid Market Report Covers
Future Market Insights offers an unbiased analysis of the global Acrylic Acid Market, providing historical data for 2015-2021 and forecast statistics from 2022-2032. To understand opportunities in the Acrylic Acid Market, the market is segmented on the basis of product, and end-use industry across five major regions.
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Global Acrylic Acid Market Study Report 2015-2030
Analysis of the ACRYLIC ACID MARKET
A comprehensive market study on the ACRYLIC ACID MARKET Market provides an overview of the demand-supply and consumption patterns of Acrylic Acid Market across six different regions. This market study describes the Acrylic Acid Market Market, with focus on major countries and their subsequent demand for different segments. This report on the global Acrylic Acid Market market offers a complete overview of various factors impacting positively or negatively on the overall growth of the Keyword market.
Distinct market estimations and forecasts are presented in this comprehensive Acrylic Acid Market market study. Various secondary sources such as encyclopedia, directories, technical handbooks, company annual reports, industry association publications, magazine articles, world economic outlook, and databases have been referred to identify and collect information useful for this extensive commercial study of Acrylic Acid Market. Moreover, both micro-economic and macro-economic factors have been considered to arrive at growth rate and size estimation in the short and long-term forecast. Prismane Consulting supplements this with primary research. The primary sources are experts from related industries and suppliers. For market forecast, and production / plant operating rates, we assume numerous reasons that drive production including new production capacity is brought on-stream, Planned, and unplanned outages of existing capacities and Subdued demand from end-use applications.
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The current COVID-19 pandemic is causing high and rising human costs worldwide. Isolation, nationwide lockdowns, and widespread closures to stop the spread of the virus have severely impacted the economy. As a result, the global economy declined by an around of -3.5% in 2020, much worse and below the 2008-2009 subprime mortgage crisis. The global economy has grown between 5% and 6% in 2021 and 2022 due to the normalization brought in the regional economic activities on back of the fading COVID-19 pandemic and stability in the crude oil prices. The economic activities have been aided by the new policies surrounding financial, agricultural, industrial, and manufacturing sector. The report on Acrylic Acid Market Market studies and outlines the impact of COVID-19 and presents the forecasts for the short, mid and long-term. The report also covers Macro-economic factors like GDP, Population and World Economic integration, Economic & Energy Outlook, Industry & Policy Developments, End-use Industry / Applications Market, Reasoning & Analysis, Insightful Commentary, Market Review, Comparative Analysis, Latest Trends and market developments, Key players, Strategic Issues and Recommendations, Business Opportunity Assessment and much more.
Global Acrylic Acid Demand-Supply Analysis, By Application, (Volume, Value) (2015–2030)
Strategic Issues
Demand-Supply Analysis and Forecast (2015 – 2030)
- Capacity
- Capacity Utilization (%)
- Production
- Imports
- Exports
- Net Exports
- Demand
- Demand Growth Rate (%)
- Driving Force Analysis
Global Acrylic Acid Market, By Derivative
Commodity Acrylates
- Butyl Acrylate
- Ethyl Acrylate
- 2-Ethylhexyl Acrylate
- Methyl Acrylate
- Others
Glacial Acrylic Acid
Global Acrylic Acid Market, By Application
Acrylic Esters
- Surface Coatings
- Paper Coatings
- Detergents
- Textile
- Adhesives & Sealants
- Plastic Additives/ Co-monomers
- Others
Polyacrylic acid
- Superabsorbent Polymers
- Adult Incontinence Products
- Baby Diapers
- Medical
- Sanitary Napkins
- Others
- Detergents
- Water Treatment Chemicals
- Others
Why Prismane Consulting?
Chemical Sciences, Engineering, Oil & Gas, Finance, Economics and Business backgrounds
Real-world industry, consulting, and market research experience
Average work experience of 10+ years
Get Full Access of the Report @
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About Prismane Consulting
Prismane Consulting is a unique global boutique consulting firm with an Indian origin. We present ourselves to the world outside providing management, economic and technical expertise to improve customer engagement, boost operational efficiency, reduce costs, and achieve superior business results. Prismane Consulting serves leading businesses in the field of Chemicals, Petrochemicals, Polymers, Materials, Environment and Energy. We have been advising clients on their key strategic issues solving their toughest and most critical business problems. To know more write to us on [email protected]
Contact Us
Prismane Consulting
Office #519, Amanora Chambers, Amanora Park Town,
Hadapsar-Magarpatta Road,
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India
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Acrylic Acid Market Revenue, Share and Growth Rate to 2022
12th October 2021 – Global Acrylic Acid Market is anticipated to reach USD 22.55 billion by 2022. Acrylic acid is an organic compound having acrid smell or tart. A huge portion of this composite is used as a feedstock for obtaining acrylate esters. Acrylate esters have a spectrum of applications in plastic additives, paper treatment, adhesives, textiles, surface coatings, and sealants.
The factors that propel the growth of the acrylic acid industry include growing demand for acrylic acid in developing markets and high demand from the surface diapers, coatings, and adult incontinence application sectors. On the other hand, there are factors that may hamper the growth of the market including strict environmental rules and extremely volatile prices of raw material. Acrylic Acid Market is anticipated to grow at a significant CAGR of 5.6% in the upcoming period as the scope, product types, and its applications are increasing across the globe. Acrylic Acid industry may be explored by product type, end users, and geography. The market may be explored by product type as Glacial Acrylic Acid, Acrylate Esters, and Others. The “Acrylate Esters” segment led the Acrylic Acid Market in 2015 and is anticipated to maintain its dominance by 2022.
The acrylic acid industry could be explored based on end users as Organic Chemicals, Surfactants, Textiles, Adhesives & Sealants, Personal Care Products, Water Treatment, and Others. The “Personal Care” segment led the market in 2015 and is anticipated to maintain its dominance by 2022 owing to rising demand for super absorbent polymers in these applications is anticipated to propel demand. Asia-Pacific accounted for the major share of the Acrylic Acid Market Size in 2015 and will continue to lead in the forecast period. The factors that could be attributed to the growth include growing consumption for acrylic acid in surface adhesives, diapers, and coatings, and robust demand in Asia-Pacific. China is anticipated to grow exponentially in the forecast period. Asia-Pacific is followed by North America.
Some of the key players that fuel the growth of the acrylic acid industry comprise LG Chem LTD, BASF, SIBUR, CinVic Chemical Holdings Limited, Dow Chemical Company, Evonik Industries Ag, and Arekma SA. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.
Request a Sample Copy of Acrylic Acid Market Report @ https://www.millioninsights.com/industry-reports/acrylic-acid-market/request-sample
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Acrylic Acid Market Segments by Application 2022
12th October 2021 – Global Acrylic Acid Market is anticipated to reach USD 22.55 billion by 2022. Acrylic acid is an organic compound having acrid smell or tart. A huge portion of this composite is used as a feedstock for obtaining acrylate esters. Acrylate esters have a spectrum of applications in plastic additives, paper treatment, adhesives, textiles, surface coatings, and sealants.
The factors that propel the growth of the acrylic acid industry include growing demand for acrylic acid in developing markets and high demand from the surface diapers, coatings, and adult incontinence application sectors. On the other hand, there are factors that may hamper the growth of the market including strict environmental rules and extremely volatile prices of raw material. Acrylic Acid Market is anticipated to grow at a significant CAGR of 5.6% in the upcoming period as the scope, product types, and its applications are increasing across the globe. Acrylic Acid industry may be explored by product type, end users, and geography. The market may be explored by product type as Glacial Acrylic Acid, Acrylate Esters, and Others. The “Acrylate Esters” segment led the Acrylic Acid Market in 2015 and is anticipated to maintain its dominance by 2022.
The acrylic acid industry could be explored based on end users as Organic Chemicals, Surfactants, Textiles, Adhesives & Sealants, Personal Care Products, Water Treatment, and Others. The “Personal Care” segment led the market in 2015 and is anticipated to maintain its dominance by 2022 owing to rising demand for super absorbent polymers in these applications is anticipated to propel demand. Asia-Pacific accounted for the major share of the Acrylic Acid Market Size in 2015 and will continue to lead in the forecast period. The factors that could be attributed to the growth include growing consumption for acrylic acid in surface adhesives, diapers, and coatings, and robust demand in Asia-Pacific. China is anticipated to grow exponentially in the forecast period. Asia-Pacific is followed by North America.
Some of the key players that fuel the growth of the acrylic acid industry comprise LG Chem LTD, BASF, SIBUR, CinVic Chemical Holdings Limited, Dow Chemical Company, Evonik Industries Ag, and Arekma SA. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.
Request a Sample Copy of Acrylic Acid Market Report @ https://www.millioninsights.com/industry-reports/acrylic-acid-market/request-sample
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Glacial acrylic acid gives substantial upsides in a slew of acrylic and vinyl acrylic polymer-based coatings, sealants and lubricants. Glacial acrylic acid is also utilized as a feedstock for synthesis and manufacturing super absorbent polymers.
Browse complete “Glacial Acrylic Market” report with TOC @ https://www.strategymrc.com/report/glacial-acrylic-acid-market
Based on the product type, the glacial acrylic acid for super absorbent polymers (SAP) segment is estimated to have a lucrative growth during the forecast period. Glacial acrylic acid is utilized in super absorbent polymers which are extensively used in disposable baby diapers. Super absorbent polymers are cross-linked polyacrylates that absorb and retain over a hundred times their weight in liquid.
Some of the key players profiled in the Glacial Acrylic Acid Market include BASF SE, Jiangsu Jurong Chemical, Cargill, BASF PETRONAS Chemicals Sdn. Bhd, CNOOC Limited, Zhejiang Satellite Petro Chemical, Idemitsu Kosan, Wanhua Chemical, Shanghai Huayi Acrylic Acid, Formosa Plastics Corporation, The Dow Chemical Company, Nippon Shokubai Co., Ltd., Novomer, Arkema, Mitsubishi Chemical Corporation, Sasol, Hexion, LG Chem, and Tasnee.
Request a Sample of “Glacial Acrylic Market” @ https://www.strategymrc.com/report/glacial-acrylic-acid-market/request-sample
Free Customization Offerings: All the customers of this report will be entitled to receive one of the following free customization options:
Company Profiling
Comprehensive profiling of additional market players (up to 3)
SWOT Analysis of key players (up to 3)
Regional Segmentation
Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
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Acrylic Acid Market | Size, Application, Revenue, Types, Trends in Future, Scope to 2032
According to a recent study by Future Market Insights, the acrylic acid market is expected to reach US$ 22.6 Billion by 2032, up from US$ 14.6 Billion in 2022, expanding at a CAGR of 4.5%. Rise in demand for methacrylate-based polymers for the manufacturing of lighting fixtures, glazing, automotive rear lights, and electronic displays has witnessed significant growth, which in turn, represents prominent growth in the acrylic acid market over the analysis period.
Acrylic acid-based polymers have replaced conventionally used materials in major end-use industries, such as automotive, building and construction, electronics, and others. Acrylic acid-based elastomers such as AEM (Ethylene Acrylic Elastomers), are used as an alternative to synthetic rubber in various applications, such as an automotive gasket, hoses, and others.
In addition, owing to the improved properties of AEM, such as strength, and resistance, among others, there is an increasing demand for acrylic acid from the polymer industry during the forecast period. Additionally, the rise in demand for methacrylate-based polymers for the manufacturing of lighting fixtures, glazing, automotive rear lights, and electronic displays has witnessed significant growth, which in turn, represents prominent growth in the acrylic acid market.
Key Players
BASF SE
Dow Chemical
Lucite International
LG Chem
Mitsubishi Chemical Corporation
Cargill, Incorporated
Nippon Shokubai Co., Ltd.
SNP Inc.
The Lubrizol Corporation
Formosa Plastic Corporation
Arkema S.A.
Ashland
Kemira Oyi
Competitive Landscape
Players in the global acrylic acid market focus on expanding their global reach through various strategies, such as; partnerships, collaborations, and partnerships. The players are also making a significant investment in R&D to add innovations to their products which would help them in strengthening their position in the global market.
Request Sample Copy of Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-14801
Key Segments Covered In The Acrylic Acid Market Study
Acrylic Acid Market by Product:
Acrylate Esters
Glacial Acrylic Acid
Other Acrylic Acid Products
Acrylic Acid Market by End-Use Industry:
Acrylic Acid for Surfactants
Acrylic Acid for Organic Chemicals
Acrylic Acid for Adhesives & Sealants
Acrylic Acid for Textiles
Acrylic Acid for Water Treatment
Acrylic Acid for Personal Care Products
Acrylic Acid for Other End-Use Industries
Acrylic Acid Market by Region:
North America Acrylic Acid Market
Latin America Acrylic Acid Market
Europe Acrylic Acid Market
Asia Pacific Acrylic Acid Market
Middle East and Africa Acrylic Acid Market
“Increasing demand for Super Absorbent Polymers (SAP) in Sanitary Pads Application, is one of the major factors that is anticipated to propel the industry growth over the forecast period,” remarks an FMI analyst.
Browse latest Market Reports@ https://www.futuremarketinsights.com/category/chemicals-and-materials
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Saudi Arabian Chemical Market
Market Dynamics
Saudi Arabian Chemical market is the largest in North Africa and the Middle East. The country has one of the largest integrated chemical complexes in the world. The investments in the Saudi Arabian Chemical Market in the year 2016 were nearly 40% greater than any other global chemical market. The country invested USD 1 billion in 2016, increasing the production capacity by 5%.
Saudi Arabia is strategically located at the crossroads of several markets with high demand for various chemical products. The country enjoys easy access to an established and comprehensive logistics network. Saudi Arabia’s location allows the country to use the largest marine network in the Middle East region and the fastest growing port in the world. The country’s chemical exports represent nearly 60% of non-oil exports and are expected to grow in the future. The country exports its products mainly to Asia, Europe, and Africa.
Saudi Arabian Chemical Market has a well- established ecosystem for the chemical industry in the city of Jubail. The city has the largest industrial base in the Middle East region. A major part of the country’s chemical sector is supported through various initiatives by the Royal Commission for Jubail and Yanbu. The initiatives include expats relocating to Saudi Arabia from more than 40 countries and talent sourcing through top local universities. The Commission also invests in technological innovations and research and development. Saudi Aramco recently established a research center at one of the top universities in the country. The Commission also provides supporting services like waste management and has established a partnership with more than 50 different companies in Jubail.
Presence of leading chemical companies
Aramco is a Saudi Arabian petrochemical and natural gas company based in Dhahran. As of 2020, Aramco is the sixth-largest company in the world by revenue. Around 79,000 people are associated with Aramco. Saudi Aramco has the world’s second-largest crude oil reserves and largest daily oil production facility. The company operates the world’s largest single hydrocarbon network. Aramco is also involved in the production of commodity chemicals. These chemicals include olefins, aromatics, and polyolefins. Several complex products including advanced synthetic rubber and polyols are also manufactured by Aramco. The chemicals produced find application in the automotive, footwear, and packaging industry.
SABIC, headquartered in Riyadh, is among the world’s largest petrochemicals manufacturers. Around 70% of the company’s shares are owned by Saudi Aramco. SABIC is composed of four strategic business segments including petrochemicals, agri- nutrients, metals, and specialties. The company produces several polymers including acrylonitrile butadiene styrene, metallocene polyethylene, acrylonitrile styrene acrylate, polybutylene terephthalate, etc. These polymers are mostly consumed in the automotive, foam, and pipe segments. These polymers help in replacing traditional materials like glass, wood, and cotton. SABIC also produces essential chemicals for a wide range of advanced materials used in everyday life. The chemicals produced include aromatics, ethanolamines, glycols, olefins, etc.
National Industrialization Company (Tasnee) is one of the largest industrial and petrochemical companies in Saudi Arabia. This group is one of the largest investors in the titanium value chain in the local and global chemical market. Tasnee was one of the first companies in Saudi Arabia to invest in the petrochemical sector. They established their first petrochemical complex in Jubail and constructed an ethylene cracker. Tasnee exports the majority of its products globally. They also support the growth of the local markets in the Kingdom of Saudi Arabia and the Gulf Cooperation Council. Tasnee manufacturers various chemicals including butanol, acetic acid, glacial acrylic acid, etc. They are also involved in the production of polypropylene, high-density, and low-density polyethylene along with their derivatives. The polymers manufactured have high heat resistance, flexibility, and strength.
Future of the country’s chemical sector
Saudi Arabian chemical market has a promising future and is expected to double by 2030. The country’s share in the global chemical market is increasing due to increased production capacities. Saudi Arabia has one of the most cost-efficient markets for the chemical business. The country has certain advantages that enable the chemical market to flourish. The abundant access to raw materials and a high standard of infrastructure are among the prominent ones. Saudi Arabia also has a well- established transport system which helps in increased exports. The undergoing industrial growth led by the Ministry of Energy, Industry and Mineral Resources and the diversification of KSA’s economy represents key components that are driving this market forward.
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#Glacial Acrylic Acid#Glacial Acrylic Acid Market#Glacial Acrylic Acid Market Sales#Glacial Acrylic Acid Market Report#Glacial Acrylic Acid Manufacturers#Glacial Acrylic Acid Industry
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Europe Acrylic Acid Market Study Report 2015 - 2030
Analysis of the ACRYLIC ACID MARKET
A comprehensive market study on the ACRYLIC ACID MARKET Market provides an overview of the demand-supply and consumption patterns of Acrylic Acid Market across six different regions. This market study describes the Acrylic Acid Market Market, with focus on major countries and their subsequent demand for different segments. This report on the global Acrylic Acid Market market offers a complete overview of various factors impacting positively or negatively on the overall growth of the Keyword market.
Distinct market estimations and forecasts are presented in this comprehensive Acrylic Acid Market market study. Various secondary sources such as encyclopedia, directories, technical handbooks, company annual reports, industry association publications, magazine articles, world economic outlook, and databases have been referred to identify and collect information useful for this extensive commercial study of Acrylic Acid Market. Moreover, both micro-economic and macro-economic factors have been considered to arrive at growth rate and size estimation in the short and long-term forecast. Prismane Consulting supplements this with primary research. The primary sources are experts from related industries and suppliers. For market forecast, and production / plant operating rates, we assume numerous reasons that drive production including new production capacity is brought on-stream, Planned, and unplanned outages of existing capacities and Subdued demand from end-use applications.
Request Sample Report-
https://prismaneconsulting.com/report_request_sample?_token=jqFJjWJPyQiVcZVmtlyVTYmYZXXzMMonaRJ8uBeg&report_id=548
The current COVID-19 pandemic is causing high and rising human costs worldwide. Isolation, nationwide lockdowns, and widespread closures to stop the spread of the virus have severely impacted the economy. As a result, the global economy declined by an around of -3.5% in 2020, much worse and below the 2008-2009 subprime mortgage crisis. The global economy has grown between 5% and 6% in 2021 and 2022 due to the normalization brought in the regional economic activities on back of the fading COVID-19 pandemic and stability in the crude oil prices. The economic activities have been aided by the new policies surrounding financial, agricultural, industrial, and manufacturing sector. The report on Acrylic Acid Market Market studies and outlines the impact of COVID-19 and presents the forecasts for the short, mid and long-term. The report also covers Macro-economic factors like GDP, Population and World Economic integration, Economic & Energy Outlook, Industry & Policy Developments, End-use Industry / Applications Market, Reasoning & Analysis, Insightful Commentary, Market Review, Comparative Analysis, Latest Trends and market developments, Key players, Strategic Issues and Recommendations, Business Opportunity Assessment and much more.
Europe Acrylic Acid Demand Supply Analysis By Derivative,
By Applications (Volume, Value) (2015–2030)
Strategic Issues
Capacity Analysis – Plants and Projects (2015 – 2030)
Capacity
Production
Producing Companies
Capacity Additions and Investments
Location
Salient Statistics
Technology / Process
Demand Analysis and Forecast (2015 – 2030)
Capacity
Production
Operating Rate
Import
Export
Net Trade
Demand
Demand Growth Rate (%)
Key Growth Factors and Impact Analysis
Europe Acrylic Acid Market, By Derivative
Commodity Acrylates
Glacial Acrylic Acid
Europe Acrylic Acid Market, By Application
Acrylic Esters
- Surface Coatings
- Paper Coatings
- Detergents
- Textile
- Adhesives & Sealants
- Plastic Additives/ Co-monomers
- Others
Superabsorbent Polymers (SAP)
- Adult Incontinence Products
- Sanitary Napkins
- Baby Diapers
- Wound Dressing
- Medical Waste Solidification
- Seed Coating
- Others
Water Treatment Chemicals
Others
Why Prismane Consulting?
Chemical Sciences, Engineering, Oil & Gas, Finance, Economics and Business backgrounds
Real-world industry, consulting, and market research experience
Average work experience of 10+ years
Get Full Access of the Report @
https://prismaneconsulting.com/checkout?_token=jqFJjWJPyQiVcZVmtlyVTYmYZXXzMMonaRJ8uBeg&report_id=548&single_user_license=Single
About Prismane Consulting
Prismane Consulting is a unique global boutique consulting firm with an Indian origin. We present ourselves to the world outside providing management, economic and technical expertise to improve customer engagement, boost operational efficiency, reduce costs, and achieve superior business results. Prismane Consulting serves leading businesses in the field of Chemicals, Petrochemicals, Polymers, Materials, Environment and Energy. We have been advising clients on their key strategic issues solving their toughest and most critical business problems. To know more write to us on [email protected]
Contact Us
Prismane Consulting
Office #519, Amanora Chambers, Amanora Park Town,
Hadapsar-Magarpatta Road,
Pune 411028
India
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Butyl Acrylate – BloomChemAG
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Acrylic Acid Market Size Worth $22.55 Billion By 2022
Global Acrylic Acid Market is expected to reach USD 22.55 billion by 2022, according to a new study by Grand View Research, Inc. Increasing glacial acrylic acid (GAA) demand in superabsorbent polymers (SAP) production is expected to remain key driving factor for market growth. Growing SAP scope in niche segments including adult incontinence, water treatment chemicals and radiation cured coatings in emerging markets of Asia Pacific and Central & South America is expected to play a significant role in demand development.
Acrylate esters were the largest product consumed with demand share estimated over 50% in 2014. Growing demand for derivatives such as ethyl acrylate, butyl acrylate and 2-EHA in paints, coatings and textiles is expected to drive the product’s growth. Glacial acrylic acid is expected to witness the highest growth of 5.7% from 2015 to 2022.
For More Details or Request a sample copy please visit @: http://www.grandviewresearch.com/industry-analysis/acrylic-acid-market
Further key findings from the study suggest:
· Global acrylic acid market demand was 5,750.0 kilo tons in 2014 and is expected to reach 8,750.0 kilo tons by 2022, growing at a CAGR of 5.6% from 2015 to 2022.
· Personal care products formed the largest end-use industry and accounted for 30% of total market volume in 2014. Increasing adult incontinence products demand on account of growing geriatric population base in Europe and Japan coupled with increasing population of baby boomers in the U.S. is expected to drive this segment over the forecast period. Surfactants & surface coatings is expected to witness significant gains in its market size over the forecast period.
· Asia Pacific led the global acrylic acid industry with demand share exceeding 48% in 2014. Low manufacturing cost associated with superabsorbent polymers (SAP) in China and India has ensured continuous demand for acrylic acid in the region. China alone accounted for over 50% of total regional demand in 2014.
· North America and Europe are mature markets and are characterized by strong focus towards commercializing bio-based acrylic acid. Companies such as Novozymes, Cargill, BASF and OPX Bio have successfully developed bio-based sources on pilot scale and are moving towards commercial operations.
· Global acrylic acid market share is dominated by BASF, Arkema, Dow Chemical and Nippon who accounted for over 45% in 2014. The industry is moderately consolidated in nature and moving towards developing acrylic acid from bio-based feedstock.
Grand View Research has segmented the global acrylic acid market on the basis of product, end-use and region:
Acrylic Acid Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2022)
· Acrylate Esters
· Glacial Acrylic Acid
· Others
Acrylic Acid End-Use Industry Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2022)
· Surfactants
· Organic Chemicals
· Adhesives & Sealants
· Textiles
· Water Treatment
· Personal Care Products
· Others
Acrylic Acid Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2022)
· North America
o U.S.
o Canada
o Mexico
· Europe
o Germany
o France
o �� Belgium
· Asia Pacific
o China
o India
o Japan
· Central & South America
o Brazil
· Middle East & Africa
o Saudi Arabia
For Inquire before buying please visit @: https://www.grandviewresearch.com/inquiry/366/ibb
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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