Global Acrylic Acid Market is Estimated to be Worth USD 13,599.9 million in 2019 and is Projected to Reach USD 18,300 million by 2027, at A CAGR of 5.20% From 2020 to 2026: Proficient Market
Proficient Market unravels its new study titled “Global Acrylic Acid Market by Product Type (Acrylate Esters, Glacial Acrylic Acid) and by End-Users/Application (Surfactants and Surface Coatings, Organic Chemicals, Adhesives, Textiles, Water Treatment, Personal Care Products, Others) Global Market Share, Forecast Data, In-Depth Analysis, and Detailed Overview, and Forecast, 2015 – 2027″. Effective exploratory techniques such as qualitative and quantitative analysis have been used to discover accurate data.
According to the report, Global Acrylic Acid Market in 2019 stood at USD 13,599.9 million and is expected to reach USD 18,300 million by 2027 growing at a CAGR of 5.20% from 2020 to 2027.
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Acrylic acid is an organic compound with the formula CHâ‚‚=CHCOOH. It is the simplest unsaturated carboxylic acid, consisting of a vinyl group connected directly to a carboxylic acid terminus. It is miscible with water, alcohols, ethers, and chloroform. More than a million tons are produced annually. This colorless liquid has a characteristic acrid or tart smell. A Large portion of acrylic acid compounds is used for feedstock to obtain acrylate esters. A wide range of applications uses the acrylic acids such as plastic additives, sealants, surface coatings, paper treatment, textiles, and adhesives.
Acrylic Acid Market Key Players: The research study includes profiles of leading companies operating in the global Acrylic Acid market. Key players profiled in the report include:
Nippon Shokubai Co. Ltd.
LG Chem Ltd.
Mitsubishi Chemical Holdings Corporation
The Dow Chemical Company
PJSC Sibur Holding
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Drivers for the Global Acrylic Acid Market: Soaring demand for superabsorbent polymers, widespread adoption of acrylic-based products in emerging economies such as Asia Pacific and growing industries such as adhesives and sealants are some major driving factors for the growth of the acrylic acid market.
Opportunities for the Global Acrylic Acid Market: The rising demand for architectural coatings in Asia-Pacific is also likely to boost the Demand for acrylic acid, during the forecast period. And also, the increasing demand for bio-based polymer in healthcare applications is likely to act as an opportunity for market growth in the future.
Restrains for the Global Acrylic Acid Market: Stringent government guidelines are forced on the utilization of this natural compound because of expanding ecological worries in areas, for example, North America, Europe, and so on., to ensure the earth and forestall word related presentation. Because of the potential limitations, its development is confined.
Region Wise, Global Acrylic Acid Market Analysis: The market can be segmented into North America, Europe, Asia Pacific, Latin America, Middle East and Africa. Among all, Asia Pacific leads the global acrylic acid market share. Asia Pacific region is followed by North America and Europe. Asia Pacific ruled the acrylic acid market where nations, for example, India and China represented 70% of the provincial interest. It is for the most part because of gigantic utilization of subsidiaries in coatings, glues, surfactants and individual consideration items. The expanding population of matured individuals in Canada and the U.S. is, thus, expanding the interest for grown-up incontinence, hence prompting increment in SAP utilization.
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Global Acrylic Acid Market: Product analysis
Glacial Acrylic Acid
On the basis of type, Acrylate Esters accounted for largest share of total revenue generated. Because the acrylic esters available in various types. Acrylic esters segment is further sub-segmented into ethyl acrylate, 2-ethylhexyl acrylate, benzyl acrylate, methyl acrylate, butyl acrylate and hydroxypropyl acrylate.
Global Acrylic Acid Market: Application analysis
Surfactants and Surface Coatings
Personal Care Products
The demand of Global Acrylic Acid Market is highest from Organic Chemicals.
Global Acrylic Acid Market: Region analysis
North America: U.S., Canada, Mexico
Europe: U.K., France, Germany, Spain, Italy, Rest of Europe
Asia Pacific: China, Japan, South Korea, ASEAN, India
Rest of Asia Pacific: Latin America, Brazil, Argentina, Colombia, Rest of L.A.
Middle East and Africa: Turkey, GCC, UAE, South Africa, Rest of Middle East
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