Amid Ukraine-Russia crisis, our analysts and industry experts are closely monitoring the markets and working hard to identify, gather and timely deliver analysis of the impact of the situation and the impact that it has on various markets. All our reports are updated with the latest impact on the market before being sent out to our customers.

Global Acrylic Acid Market: By Applications: Acrylate Esters, Super Absorbent Polymer (SAP), Others; Regional Analysis; Historical Market and Forecast (2017-2027); Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, EMR’s Key Indicators for Demand; Price Analysis; Competitive Landscape; Industry Events and Developments

Global Acrylic Acid Market Outlook

The global acrylic acid market attained a volume of almost 6.3 million metric tons in the year 2020. The acrylic acid market is further expected to grow at a CAGR of 4.7% between 2022 and 2027 to reach a volume of almost 8.3 million metric tons by 2027.

 

Global Acrylic Acid Market

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

 

Acrylic acid is also known by different names like propene acid, vinyl formic acid, or 2-proenoic acid. It has as a clear, corrosive, colourless, and combustible liquid that has a pungent or unpleasantly bitter smell.

The Asia Pacific is the largest acrylic acid market. In the Asia Pacific, the People's Republic of China is the leading regional market and represents the fastest-growing industry in the region. China offers low production costs and an abundant supply availability to other regional markets. The industry in the Asia Pacific region is being driven by the expected growth in industries like construction, personal care products, and paints (coating), which use acrylic acid and its derivatives in their products. The region is also a major exporter of the substance, with the excess supply being exported to regions like the Middle East and Africa, Central and Eastern Europe, and Latin America to meet the rising demand from industries like acrylate esters and consumer packaged goods.

The demand for the product is being significantly driven by rising sectors like construction, superabsorbent polymers, and automobile industries, particularly in emerging economies like China, India, and Brazil. The increasing per capita consumption, the growing penetration rate of diapers, and the rising disposable incomes in India, China, and other Asian countries are further enabling the growth of the industry. An expected increase in the demand for the product from the surface coatings industry in the Asia Pacific and the seasonal demand from the construction industry in North America and Europe will continue to drive the industry of the product.

 

Market Segmentation

Acrylic acid is widely used as an absorbent in various products. Due to its highly reactive nature, it reacts with alcohol to form acrylates, which are used in a variety of polymers, which find extensive applications in hygiene products. Its various application sectors are:

 

Global Acrylic Acid Market By Application

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

 

  • Acrylate Esters
  • Super Absorbent Polymer (SAP)
  • Others

It is required in the form of super absorbent polymer (SAP) in disposable baby diapers, feminine hygiene products, adult incontinency products, agriculture, pharma, and others. It is also used in the form of acrylate esters like methyl acrylate and 2-Ethylhexyl Acrylate in polymer coatings and finishes, adhesives, sealants, plastics, textiles, paints, coatings, inks, engineered plastics, and lubricating oil additives, among others. It also enables water treatment and detergents.

The report also covers the regional markets of the product like North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

 

Global Acrylic Acid Market By Region

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

 

Market Analysis

The global acrylic acid market is expected to be driven by the improving demand for the product in surface coatings in the Asia Pacific region. Its demand is expected to be mainly driven by the superabsorbent polymers industry. In the emerging nations, such as China and India, the industry for disposable baby diapers is witnessing a stable growth due to the low penetration rate of diapers, which is further expected to support the growth of the acrylic acid industry. The industry is also expected to be driven by industries such as water treatment and detergent co-builders, which are projected to witness a healthy growth during the forecast period.

The increasing demand for personal hygiene, coatings, and paints from emerging countries like Brazil, China, and India, is propelling the growth of the acrylic acid market. The growth of industrial sectors like construction and automobile are acting as an additional impetus for the industry growth. In the United States, the European Union, and the Asia Pacific the automobile industry is witnessing a growing demand, which in turn is driving the demand for the product. In North America, the increasing demand from the automobile and construction industries is the primary driver for the product demand. In the spring and summer season, there is an improvement in the seasonal demand for the product from the construction sector in the region.

 

Competitive Landscape

October 2020- Arkema successfully started a its new 90,000-ton acrylic acid reactor at its Clear Lake site in Texas to attract consumers from paints, superabsorbents, water treatment, and adhesives markets in North America.

August 2018- BASF PETRONAS Chemicals announced the expansion of the production capacities of its acrylic acid and butyl acrylate plants in Kuantan, Malaysia.

June 2016: BASF SE (ETR: BAS) inaugurated its production complex for acrylic acid, butyl acrylate, and superabsorbent polymers in Camaçari, Bahia, Brazil.

The report gives a detailed analysis of the following key players in the global acrylic acid market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • BASF SE
  • Nippon Shokubai Co.,Ltd.
  • The Dow Chemical Company
  • Arkema Group
  • LG Chem, Ltd.
  • Shanghai Huayi Acrylic Acid Co., Ltd
  • Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

 

REPORT FEATURES DETAILS
Base Year 2021
Historical Period 2017-2021
Forecast Period 2022-2027
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Application, Region
Breakup by Application Acrylate Esters, Super Absorbent Polymer (SAP), Others
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, Key Indicators for Price and Demand
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered BASF SE, Nippon Shokubai Co. Ltd., The Dow Chemical Company, Arkema Group, LG Chem., Shanghai Huayi Acrylic Acid Co., Ltd, Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Acrylic Acid Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Acrylic Acid Historical Market (2017-2021) 
    8.3    Global Acrylic Acid Market Forecast (2022-2027)
    8.4    Global Acrylic Acid Market by Application
        8.4.1    Acrylate Esters
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2017-2021)
            8.4.1.3    Forecast Trend (2022-2027)
        8.4.2    Super Absorbent Polymer (SAP)
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2017-2021)
            8.4.2.3    Forecast Trend (2022-2027)
        8.4.3    Others
    8.5    Global Acrylic Acid Market by Region
        8.5.1    Market Share
            8.5.1.1    North America
            8.5.1.2    Europe
            8.5.1.3    Asia Pacific
            8.5.1.4    Latin America
            8.5.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2017-2021)
        9.1.2    Forecast Trend (2022-2027)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2017-2021)
        9.2.2    Forecast Trend (2022-2027)
        9.2.3    Breakup by Country 
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2017-2021)
        9.3.2    Forecast Trend (2022-2027)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2017-2021)
        9.4.2    Forecast Trend (2022-2027)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2017-2021)
        9.5.2    Forecast Trend (2022-2027)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    Key Indicators for Demand
    10.4    Key Indicators for Price
11    Value Chain Analysis
12    Price Analysis
13    Trade Data Analysis (HS Code: 291611)

    13.1    Major Exporting Countries: By Value and Volume
    13.2    Major Importing Countries: By Value and Volume
14    Competitive Landscape
    14.1    Market Structure
    14.2    Company Profiles
        14.2.1    BASF SE
            14.2.1.1    Company Overview
            14.2.1.2    Product Portfolio
            14.2.1.3    Demographic Reach and Achievements
            14.2.1.4    Certifications
        14.2.2      Nippon Shokubai Co. Ltd.
            14.2.2.1    Company Overview
            14.2.2.2    Product Portfolio
            14.2.2.3    Demographic Reach and Achievements
            14.2.2.4    Certifications
        14.2.3    The Dow Chemical Company
            14.2.3.1    Company Overview
            14.2.3.2    Product Portfolio
            14.2.3.3    Demographic Reach and Achievements
            14.2.3.4    Certifications
        14.2.4    Arkema Group
            14.2.4.1    Company Overview
            14.2.4.2    Product Portfolio
            14.2.4.3    Demographic Reach and Achievements
            14.2.4.4    Certifications
        14.2.5    LG Chem. Ltd.
            14.2.5.1    Company Overview
            14.2.5.2    Product Portfolio
            14.2.5.3    Demographic Reach and Achievements
            14.2.5.4    Certifications
        14.2.6    Shanghai Huayi Acrylic Acid Co., Ltd
            14.2.6.1    Company Overview
            14.2.6.2    Product Portfolio
            14.2.6.3    Demographic Reach and Achievements
            14.2.6.4    Certifications
        14.2.7    Others
15    Industry Events and Developments


List of Key Figures and Tables

1.    Global Acrylic Acid Market: Key Industry Highlights, 2017 and 2027
2.    Global Acrylic Acid Historical Market: Breakup by Application (MMT), 2017-2021
3.    Global Acrylic Acid Market Forecast: Breakup by Application (MMT), 2022-2027
4.    Global Acrylic Acid Historical Market: Breakup by Region (MMT), 2017-2021
5.    Global Acrylic Acid Market Forecast: Breakup by Region (MMT), 2022-2027
6.    North America Acrylic Acid Historical Market: Breakup by Country (MMT), 2017-2021
7.    North America Acrylic Acid Market Forecast: Breakup by Country (MMT), 2022-2027
8.    Europe Acrylic Acid Historical Market: Breakup by Country (MMT), 2017-2021
9.    Europe Acrylic Acid Market Forecast: Breakup by Country (MMT), 2022-2027
10.    Asia Pacific Acrylic Acid Historical Market: Breakup by Country (MMT), 2017-2021
11.    Asia Pacific Acrylic Acid Market Forecast: Breakup by Country (MMT), 2022-2027
12.    Latin America Acrylic Acid Historical Market: Breakup by Country (MMT), 2017-2021
13.    Latin America Acrylic Acid Market Forecast: Breakup by Country (MMT), 2022-2027
14.    Middle East and Africa Acrylic Acid Historical Market: Breakup by Country (MMT), 2017-2021
15.    Middle East and Africa Acrylic Acid Market Forecast: Breakup by Country (MMT), 2022-2027
16.    Major Exporting Countries by Value
17.    Major Importing Countries by Value
18.    Major Exporting Countries by Volume
19.    Major Importing Countries by Volume
20.    Global Acrylic Acid Market Structure

Key Questions Answered in the Report

In 2020, the global acrylic acid market attained a volume of almost 6.3 million metric tons.

The market is projected to grow at a CAGR of 4.7% between 2022 and 2027.

The market is estimated to witness a healthy growth in the forecast period of 2022-2027 to reach a volume of almost 8.3 million metric tons by 2027.

The major drivers of the industry, such as the rising disposable incomes, rising sectors like construction, superabsorbent polymers, and automobile industries, growing penetration rate of diapers, and increasing population, are expected to aid the market growth.

The key market trend guiding the growth of the market include the rising demand for water treatment and detergent co-builders.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific, with the Asia Pacific accounting for the largest share in the market.

Acrylate esters and super absorbent polymer (SAP), among others, are the leading application segments of the product in the industry.

The major players in the industry are BASF SE, Nippon Shokubai Co.,Ltd., The Dow Chemical Company, Arkema Group, LG Chem, Ltd., and Shanghai Huayi Acrylic Acid Co., Ltd, among others.

Analyst Review

The global acrylic acid market attained a volume of almost 6.3 million metric tons in 2020, driven by the rising sectors like construction, superabsorbent polymers, and automobile industries. Aided by the rising demand for water treatment, the market is expected to witness a further growth in the forecast period of 2022-2027, growing at a CAGR of 4.7%. The acrylic acid market is projected to reach a volume of almost 8.3 million metric tons by 2027.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on applications, the market can be segmented into acrylate esters, super absorbent polymer (SAP), and others. The major regional markets for acrylic acid are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa, with the Asia Pacific accounting for the largest share of the market. The key players in the above market include BASF SE, Nippon Shokubai Co.,Ltd., The Dow Chemical Company, Arkema Group, LG Chem, Ltd., and Shanghai Huayi Acrylic Acid Co., Ltd, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

Purchase Full Report

Mini Report

$1499
  • Selected Sections, One User
  • Printing Not Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Single User License

$2699
  • All Sections, One User
  • One Print Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Five User License

$3699
  • All Sections, Five Users
  • Five Prints Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Corporate License

$4699
  • All Sections, Unlimited Users
  • Unlimited Prints Allowed
  • Email Delivery in PDF + Excel
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Any Question? Speak With An Analyst

Contact Analyst

View A Sample

Request Sample

Did You Miss Anything, Ask Now

Request Customisation
Why Expert Market Research?

Right People

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.

Right Methodology

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.

Right Price

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.

Right Support

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.

NEWSLETTER