[198 Pages Report] The Acrylic Acid Market size was estimated at USD 12.89 billion in 2023 and expected to reach USD 13.68 billion in 2024, at a CAGR 6.63% to reach USD 20.21 billion by 2030.
Acrylic acids are used in producing acrylic esters and resins, primarily used in coatings and adhesives in various industries. The need for improved performance characteristics in various sectors such as construction, manufacturing, and healthcare industries further accelerates the consumption of acrylic acid-based products. However, market growth faces challenges due to fluctuating raw material prices, stringent environmental regulations, and health hazards associated with exposure to acrylic acid. Furthermore, increasing investments in R&D for bio-based alternatives and exploring novel applications for acrylic acid derivatives are expected to generate lucrative opportunities in the future.
Regional Insights
The Americas region showcases a robust demand for acrylic acid due to its extensive applications in personal care products, adhesives, paints, and coatings. The presence of regional manufacturers and expanding end-user industries are developing demand for acrylic acid in the Americas. Stringent environmental regulations in Europe, the Middle East, and Africa have led to research initiatives to develop bio-based alternatives to petrochemical-derived acrylic acid. The Middle East & African region’s acrylic acid market is characterized by a rapidly expanding construction industry, driving demand for paint and coating products that utilize acrylic acid polymers. The Asia Pacific region represents high consumption and production capacity for acrylic acid. Rapid industrialization and urbanization have spurred demand across multiple sectors, such as textiles, detergents, and water treatment. The government’s initiatives to curb pollution have led to the development of cleaner technologies for acrylic acid production.
FPNV Positioning Matrix
The FPNV Positioning Matrix is pivotal in evaluating the Acrylic Acid Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
Market Share Analysis
The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Acrylic Acid Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
Key Company Profiles
The report delves into recent significant developments in the Acrylic Acid Market, highlighting leading vendors and their innovative profiles. These include Arkema Group, BASF SE, Bharat Petroleum Corporation Limited, Celanese Corporation, Central Drug House (P) Ltd., Covestro AG, Daicel Corporation, Dow Chemical Company, Eastman Chemical Company, Evonik Industries AG, INEOS AG, LG Chem Ltd., Libra Speciality Chemicals Limited, Lubrizol Corporation, LyondellBasell Industries Holdings B.V., Mitsubishi Chemical Corporation, Mubychem Group, NIPPON SHOKUBAI CO., Ltd., Parasol Chemicals Limited, Shandong Chuangying Chemical Co., Ltd., SIBUR International GmbH, Solvay SA, Wacker Chemie AG, WALGLAS GROUP, and WEGO CHEMICAL GROUP.
Market Segmentation & Coverage
This research report categorizes the Acrylic Acid Market to forecast the revenues and analyze trends in each of the following sub-markets:
- Derivative
- Acrylic Esters
- 2-Ethylhexyl Acrylate
- Benzyl Acrylate
- Butyl Acrylate
- Ethyl Acrylate
- Hydroxypropyl Acrylate
- Methyl Acrylate
- Specialty Acrylates
- Acrylic Polymers
- Acrylic Elastomers
- Superabsorbent Polymers
- Water Treatment Polymers
- Ammonium Polyacrylate
- Polycyanoacrylate
- Acrylic Esters
- Applications
- Acrylic Esters
- Adhesives & Sealants
- Detergents
- Plastic Additives
- Surface Coatings
- Textiles
- Acrylic Polymers
- Adult Incontinence & Personal Care Products
- Diapers & Training Pants
- Water Treatment
- Acrylic Esters
- End-User
- Consumer Goods
- Healthcare & Hospitals
- Paints & Chemical
- Plastic
- Region
- Americas
- Argentina
- Brazil
- Canada
- Mexico
- United States
- California
- Florida
- Illinois
- New York
- Ohio
- Pennsylvania
- Texas
- Asia-Pacific
- Australia
- China
- India
- Indonesia
- Japan
- Malaysia
- Philippines
- Singapore
- South Korea
- Taiwan
- Thailand
- Vietnam
- Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom
- Americas
The report offers valuable insights on the following aspects:
- Market Penetration: It presents comprehensive information on the market provided by key players.
- Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
- Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
- Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
- Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.
The report addresses key questions such as:
- What is the market size and forecast of the Acrylic Acid Market?
- Which products, segments, applications, and areas should one consider investing in over the forecast period in the Acrylic Acid Market?
- What are the technology trends and regulatory frameworks in the Acrylic Acid Market?
- What is the market share of the leading vendors in the Acrylic Acid Market?
- Which modes and strategic moves are suitable for entering the Acrylic Acid Market?
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