As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
The global acrylic acid market is being driven by the growing construction, superabsorbent polymers, and automobile industries, particularly in emerging economies like China, India, and Brazil. The demand for the product is mainly driven by its use as a super absorbent polymer to produce products like disposable baby diapers, feminine hygiene products, and others. The Asia Pacific is the largest acrylic acid market, occupying the majority of the market share.
In the Asia Pacific, the demand for acrylic acid has witnessed an increase due to its use in the manufacturing of acrylic esters, superabsorbent polymers, and water treatment chemicals. In August 2018, BASF PETRONAS Chemicals Sdn. Bhd., a Malaysia-based joint venture between BASF (OTCMKTS: BASFY) and Petroliam Nasional Berhad (PETRONAS), announced its expansion of its production capacity of the acrylic acid and butyl acrylate plants in Kuantan, Malaysia. This step by the company is aimed at supporting the increased demand for acrylic monomers in the Asia Pacific, further enhancing its position in the global market. Earlier, in June 2016, BASF SE inaugurated the production complex for acrylic acid, butyl acrylate, and superabsorbent polymers in Camaçari, Brazil, looking at the growth prospects for the market in the Latin America region.
In October 2020, Arkema, a major player in the global acrylic acid market, with an investment of approximately USD 90 million, started a new 90,000-ton per year acrylic acid reactor at its Clear Lake site in Texas, becoming one of the most competitive acrylic acid sites in the US. With this investment, the company aims to attract consumers from paints, superabsorbents, water treatment, and adhesives markets in North America.
Market Analysis by Applications and Regions:
Key Findings of the Report:
Key Offerings of the Report:
BASF SE, Nippon Shokubai Co.,Ltd., Dow Chemical Company, Arkema Group, LG Chem, Ltd., Formosa Plastic Corporation, and Shanghai Huayi Acrylic Acid Co., Ltd, among others, are the key players in the global acrylic acid market. The comprehensive report looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.
EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.
Expert Market Research
US & Canada Phone no: +1-415-325-5166
UK Phone no: +44-702-402-5790
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.