Acrylic Acid Market Size 2024: Share Insights, Future Demand and Forecast till 2032
Emergen Research Logo
The global Acrylic Acid Market size is expected to reach USD 22.96 Billion in 2032 registering a CAGR of 4.7%.
VANCOUVER, BRITISH COLUMBIA, CANADA, June 19, 2024 /EINPresswire.com/ -- The global Acrylic Acid Market size was USD 14.70 Billion in 2022 and is expected to register a rapid revenue CAGR of 4.7% during the forecast period. Rising superabsorbent polymers and increasing adoption of acrylic acid in the construction industry and need for adhesives and sealants are key factors driving market revenue growth.
Acrylic acid, a key chemical intermediate, is a crucial component in the production of polymers, superabsorbent polymers (SAPs), adhesives, coatings, and textiles. It is a colorless liquid with a characteristic acrid odor, primarily derived from propylene, a byproduct of petroleum refining. The market for acrylic acid is diverse, encompassing applications in industries ranging from hygiene products and detergents to paints and construction materials. Major players in this market include BASF SE, Dow Chemical Company, Arkema Group, and Nippon Shokubai Co., Ltd., which dominate the global supply of acrylic acid and its derivatives.
In-depth interviews were conducted with Chief Executive Officers (CEOs), marketing directors, other innovation and technology directors, and executives from various key organizations operating in the Acrylic Acid market. Also, to arrive at an accurate and unbiased market forecast, data collected from secondary research sources have been analyzed and validated through primaries.
Get free copy of the Acrylic Acid Market report 2024: https://www.emergenresearch.com/request-sample/2524
Key Acrylic Acid Market participants include
Arkema, BASF SE, China Petroleum and Chemical Corporation, DOW, Formosa Plastic Corporation, LG Chem, Merck KGaA, Mitsubishi Chemical Corporation, Nippon Shokubai Co. Ltd, Sasol, Shangai Huayi Acrylic Acid Co. Ltd, Wanhua, Satellite Chemical Co. Ltd, PJSC Sibur Holdings, Hexion Inc., Evonik Industries, Shandong Haili Chemical Industry Co. Ltd, Myriant Corporation, TASNEE, and Momentive Speciality Chemicals Co
Key inclusions of the Acrylic Acid Market report:
COVID-19 effects on growth figures.
Statistical analysis pertaining to market size, sales volume, and overall industry revenue.
Organized mentions of major market trends.
Growth opportunities.
Figures showcasing market growth rate.
Advantages and disadvantages of direct and indirect sales channels.
Insights regarding traders, distributors, and dealers present in the industry.
Ask Discount @ https://www.emergenresearch.com/request-discount/2524
Market Drivers
Several factors are driving the growth of the acrylic acid market. One of the primary drivers is the increasing demand for superabsorbent polymers (SAPs), particularly in the hygiene industry. SAPs, which are used extensively in products such as diapers, adult incontinence products, and sanitary napkins, rely heavily on acrylic acid as a raw material. With the global rise in population, urbanization, and increasing awareness of personal hygiene, the demand for SAPs is soaring, subsequently boosting the demand for acrylic acid. This trend is especially pronounced in emerging markets where rapid urbanization and rising living standards are driving the consumption of hygiene products.
The growth in the construction industry is another significant driver of the acrylic acid market. Acrylic acid-based products, such as sealants, adhesives, and coatings, are widely used in construction for their excellent bonding, durability, and resistance to water and weathering. The booming construction sector, particularly in developing regions like Asia-Pacific and Latin America, is creating a substantial demand for these materials. The increasing investments in infrastructure development, residential projects, and commercial buildings are propelling the use of acrylic acid-based products, supporting market growth.
Access full Report Description, TOC, Table of Figure, Chart, etc. @ https://www.emergenresearch.com/industry-report/acrylic-acid-market
The Acrylic Acid Market research study of historical, current, and forecast estimations for each sector, segment, sub-segment, and regions. The new report is updated with the impact of the COVID-19 pandemic on the Acrylic Acid Market .
Acrylic Acid Market Segment Analysis:
For the purpose of this report, Emergen Research has segmented the global acrylic acid market on the basis of product, formulation, application, end-use, and region:
Product Outlook (Revenue, USD Billion; 2019-2032)
Acrylic Esters
Methyl
Ethyl Arcylate
Butyl Acrylate
Acrylic Polymers
Acrylic Elastomers
Water Treatment Polymers
Others Polymers
Formulation Outlook (Revenue, USD Billion; 2019-2032)
Water-borne Resins
Solvent-borne Resins
Solventless Resins
Powder Resins
Radiation Curable Resins
Application Outlook (Revenue, USD Billion; 2019-2032)
Adhesives and Sealants
Diapers
Surface Coatings
Cement Modifiers
Paper Industry
Textile
Anti-salcant
Adult Incontinence Products
End-Use Outlook (Revenue, USD Billion; 2019-2032)
Chemical Industry
Polymer Industry
Water Treatment Industry
Textile Industry
Others
We can also provide the customized separate regional or country-level reports, for the following regions:
North America, United States, Canada, Mexico, Asia-Pacific, China, India, Japan, South Korea, Australia, Indonesia, Singapore, Rest of Asia-Pacific, Europe, Germany, France, UK, Italy, Spain, Russia, Rest of Europe, Central & South America, Brazil, Argentina, Rest of South America, Middle East & Africa, Saudi Arabia, Turkey, Rest of Middle East & Africa
Forecasts to 2032 and other analyses reveal commercial prospects
In addition to revenue forecasting to 2032, our new study provides you with recent results, growth rates, and market shares.
You will find original analyses, with business outlooks and developments.
Discover qualitative analyses (including market dynamics, drivers, opportunities, restraints and challenges), cost structure, impact of rising Acrylic Acid prices and recent developments.
This report includes data analysis and invaluable insight into how COVID-19 will affect the industry and your company. Four COVID-19 recovery patterns and their impact, namely, “V”, “L”, “W” and “U” are discussed in this report.
About Emergen Research
Emergen Research is a Market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer Market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors
Eric Lee
Emergen Research
+91 90210 91709
sales@emergenresearch.com
Visit us on social media:
Facebook
Twitter
LinkedIn
EIN Presswire does not exercise editorial control over third-party content provided, uploaded, published, or distributed by users of EIN Presswire. We are a distributor, not a publisher, of 3rd party content. Such content may contain the views, opinions, statements, offers, and other material of the respective users, suppliers, participants, or authors.
