Global Acrylic Acid Market, By Derivative Type (Esters/Acrylates-Methyl, Ethyl, Butyl, 2-EH, Polymers - Elastomers, Superabsorbent Polymers, Water Treatment Polymers, Other Derivatives), End Users (Surface Coatings Industry, Adhesives and Sealants Industry, Plastic Additives Industry, Water Treatment, Textiles, Surfactants, Diapers, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of the Middle East and Africa) Industry Trends and Forecast to 2029.
Market Analysis and Insights Global Acrylic Acid Market
The acrylic acid market is expected to witness market growth at a rate of 5.2% in the forecast period of 2022 to 2029. Data Bridge Market Research report on acrylic acid market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in the usage of Sap in advancing markets is escalating the growth of acrylic acid market.
Acrylic acid on the reaction with alcohol produces acrylates including ethanol, methanol and Oxo alcohols like n-butanol and 2-ethylhexanol. Acrylic acid is broadly applied in the paints and coatings industry. Strict government regulation related to the usage of organic compounds can limit the growth of arcyclic acids as they can damage the soil on a broader range.
Major factors that are expected to boost the growth of the acrylic acid market in the forecast period are the rise in the need for acrylic acid in emerging countries. Furthermore, the rapid development and rising applications of superabsorbent polymers is further anticipated to propel the growth of the acrylic acid market. Moreover, the commercial production of bio-based acrylic acid is further estimated to cushion the growth of the acrylic acid market. On the other hand, the capacity build and oversupply is further projected to impede the growth of the acrylic acid market in the timeline period.
In addition, the change from Pva and vinyl acetate to acrylic emulsions will further provide potential opportunities for the growth of the acrylic acid market in the coming years. However, the commercialization of bio-based acrylic acid might further challenge the growth of the acrylic acid market in the near future.
This acrylic acid market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on the acrylic acid market, contact Data Bridge Market Research for an Analyst Brief, Our team will help you take an informed market decision to achieve market growth.
Global Acrylic Acid Market Scope and Market Size
The acrylic acid market is segmented on the basis of derivative type and end users. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of derivative type, the acrylic acid market is segmented into esters/acrylates, polymers and other derivatives. Esters/acrylates is further sub segmented into methyl, ethyl, butyl and 2-EH. Polymers is further sub segmented into elastomers, superabsorbent polymers and water treatment polymers. Other derivatives is further sub segmented into thermoplastic polyurethane elastomer.
- On the basis of end users, the acrylic acid market is segmented into surface coatings industry, adhesives and sealants industry, plastic additives industry, water treatment, textiles, surfactants, diapers, automotive and transportation, industrial machinery and others.
Acrylic Acid Market Country Level Analysis
The acrylic acid market is segmented on the basis of derivative type and end users.
The countries covered in the acrylic acid market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (M.E.A.) as a part of Middle East and Africa (M.E.A.), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the acrylic acid market due to the rise in the derivatives consumption in surfactants, coatings, personal care products, and adhesives. Furthermore, the occurrence of major key players will further boost the growth of the acrylic acid market in the region during the forecast period. North America is projected to observe significant amount of growth in the acrylic acid market due to the rapid development in various end-use industries including surfactants, adhesives and sealants, and personal care. Moreover, the exhaustive research and development is further anticipated to propel the growth of the acrylic acid market in the region in the coming years.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points such as consumption volumes, production sites, and volumes, import-export analysis, price trend analysis, cost of raw materials, downstream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Acrylic Acid Market Share Analysis
The acrylic acid market competitive landscape provides details by a competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to the acrylic acid market.
Some of the major players operating in the acrylic acid market are Dow, Hexion, Mitsubishi Chemical Holdings Corporation, Sibur, Sasol, Cargill, Incorporated, Novozymes, Novomer Inc., Yield10 Bioscience, Inc. Momentive, Sunvic chemicals, Wego Chemical Group, Scientific Solutions LLC, Hydrite Chemical, Capitol Scientific, Inc., U.S. Chemicals, Miami Chemical, Inc., Wilkens-Anderson Co., and CJ chemical among others.
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