Acrylic Acid Market Analysis by Application and Competitive Insights up to 2022
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<strong>Acrylic</strong> <strong>Acid</strong> <strong>Market</strong> <strong>Analysis</strong> <strong>by</strong> <strong>Application</strong> <strong>and</strong> <strong>Competitive</strong><br />
<strong>Insights</strong> <strong>up</strong> <strong>to</strong> <strong>2022</strong><br />
“<strong>Acrylic</strong> acid is an organic compound having acrid smell or tart. A<br />
huge portion of this composite is used as a feeds<strong>to</strong>ck for<br />
obtaining acrylate esters. Acrylate esters have a spectrum of<br />
applications in plastic additives, paper treatment, adhesives,<br />
textiles, surface coatings, <strong>and</strong> sealants.”<br />
Global <strong>Acrylic</strong> <strong>Acid</strong> <strong>Market</strong> is anticipated <strong>to</strong> reach USD 22.55 billion <strong>by</strong> <strong>2022</strong>. <strong>Acrylic</strong> acid is an organic compound<br />
having acrid smell or tart. A huge portion of this composite is used as a feeds<strong>to</strong>ck for obtaining acrylate esters.<br />
Acrylate esters have a spectrum of applications in plastic additives, paper treatment, adhesives, textiles, surface<br />
coatings, <strong>and</strong> sealants.<br />
The fac<strong>to</strong>rs that propel the growth of the acrylic acid industry include growing dem<strong>and</strong> for acrylic acid in<br />
developing markets <strong>and</strong> high dem<strong>and</strong> from the surface diapers, coatings, <strong>and</strong> adult incontinence application<br />
sec<strong>to</strong>rs. On the other h<strong>and</strong>, there are fac<strong>to</strong>rs that may hamper the growth of the market including strict<br />
environmental rules <strong>and</strong> extremely volatile prices of raw material. <strong>Acrylic</strong> <strong>Acid</strong> <strong>Market</strong> is anticipated <strong>to</strong> grow at<br />
a significant CAGR of 5.6% in the <strong>up</strong>coming period as the scope, product types, <strong>and</strong> its applications are increasing<br />
across the globe.<br />
<strong>Acrylic</strong> <strong>Acid</strong> industry may be explored <strong>by</strong> product type, end users, <strong>and</strong> geography. The market may be explored<br />
<strong>by</strong> product type as Glacial <strong>Acrylic</strong> <strong>Acid</strong>, Acrylate Esters, <strong>and</strong> Others. The “Acrylate Esters” segment led the <strong>Acrylic</strong><br />
<strong>Acid</strong> <strong>Market</strong> in 2015 <strong>and</strong> is anticipated <strong>to</strong> maintain its dominance <strong>by</strong> <strong>2022</strong>.<br />
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The acrylic acid industry could be explored based on end users as Organic Chemicals, Surfactants, Textiles,<br />
Adhesives & Sealants, Personal Care Products, Water Treatment, <strong>and</strong> Others. The “Personal Care” segment led<br />
the market in 2015 <strong>and</strong> is anticipated <strong>to</strong> maintain its dominance <strong>by</strong> <strong>2022</strong> owing <strong>to</strong> rising dem<strong>and</strong> for s<strong>up</strong>er<br />
absorbent polymers in these applications is anticipated <strong>to</strong> propel dem<strong>and</strong>.<br />
Asia-Pacific accounted for the major share of the <strong>Acrylic</strong> <strong>Acid</strong> <strong>Market</strong> Size in 2015 <strong>and</strong> will continue <strong>to</strong> lead in<br />
the forecast period. The fac<strong>to</strong>rs that could be attributed <strong>to</strong> the growth include growing consumption for acrylic<br />
acid in surface adhesives, diapers, <strong>and</strong> coatings, <strong>and</strong> robust dem<strong>and</strong> in Asia-Pacific. China is anticipated <strong>to</strong> grow<br />
exponentially in the forecast period. Asia-Pacific is followed <strong>by</strong> North America.<br />
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Some of the key players that fuel the growth of the acrylic acid industry comprise LG Chem LTD, BASF, SIBUR,<br />
CinVic Chemical Holdings Limited, Dow Chemical Company, Evonik Industries Ag, <strong>and</strong> Arekma SA. The leading<br />
companies are taking <strong>up</strong> partnerships, mergers <strong>and</strong> acquisitions, <strong>and</strong> joint ventures in order <strong>to</strong> boost the<br />
inorganic growth of the industry.<br />
<strong>Market</strong> Segment:<br />
Global <strong>Acrylic</strong> <strong>Acid</strong> Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - <strong>2022</strong>)<br />
• Acrylate Esters<br />
• Glacial <strong>Acrylic</strong> <strong>Acid</strong><br />
• Others<br />
Global <strong>Acrylic</strong> <strong>Acid</strong> End-Use Industry Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - <strong>2022</strong>)<br />
• Surfactants<br />
• Organic Chemicals<br />
• Adhesives & Sealants<br />
• Textiles<br />
• Water Treatment<br />
• Personal Care Products<br />
• Others<br />
<strong>Acrylic</strong> <strong>Acid</strong> Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - <strong>2022</strong>)<br />
• North America<br />
• U.S.
• Canada<br />
• Mexico<br />
• Europe<br />
• Germany<br />
• France<br />
• Belgium<br />
• Asia Pacific<br />
• China<br />
• India<br />
• Japan<br />
• Central & South America<br />
• Brazil<br />
• Middle East & Africa<br />
• Saudi Arabia<br />
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