Acrylic Acid Market Upcoming Growth, Key Player Analysis and Forecast 2032

The global Acrylic Acid market  size was USD 15 Billion in 2022 and is expected to reach USD 23.27 Billion in 2032, and register a revenue CAGR of 5% during the forecast period. Rising need for superabsorbent polymers, increasing use of acrylic acid in surface coatings, and rising need for adhesives and sealants, are major factors driving market revenue growth. Demand for products made using acrylic acid is rising across a range of end-use industries, including packaging, automotive, and construction.

One of the main factors propelling the acrylic acid market is rising demand for Superabsorbent Polymers (SAPs). SAPs are frequently utilized in the production of feminine hygiene, adult incontinence, and disposable nappy products. Need for such items is being driven by the expanding population, evolving lifestyle, and growing hygiene consciousness. High demand for SAPs is driving demand for acrylic acid.

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Top Leading Players: Formosa Plastics Co., Jiangsu Jurong Chemical Co. Ltd., Zhejiang Chemical, Shenyang Chemical Co. Ltd., LG Chemical, Mitsubishi Chemical, Dow Chemical Co., CNPC, BASF, and Arkema among others.

Key Companies in the market include:

• Acrylate esters were the primary products consumed in 2019, with an overall market share of 48.62%. Increasing demand for derivative products such as ethyl acrylate, butyl acrylate, and 2-EHA is supposed to propel product growth in paints, coatings, and fabrics.
• Personal care goods formed the leading end-use sector and constituted 30 percent of the overall value of the market in 2019. Rising demand from adult incontinence goods is projected to push this category over the forecast period attributed to the increasing geriatric population base in Europe and Japan, coupled with the rising population of baby boomers in the U.S.
• North America and Europe have established markets, which have a heavy emphasis on the production of bio-based Acrylic acid. Corporations like Novozymes, Cargill, BASF, and OPX Bio have successfully implemented pilot-scale bio-based components and are moving on to commercial ventures.

Key Regional Markets Covered in the Report:

North America (U.S.A., Canada, Mexico)

Europe (Italy, U.K., Germany, France, Rest of Europe)

Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)

Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)

Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Key questions covered in the global Acrylic Acid Market report:

• What is the expected market size of the global Acrylic Acid Market during the forecast period?
• What factors are expected to hamper global Acrylic Acid Market growth over the forecast period?
• What key factors are expected to drive global revenue growth between 2021 and 2028?
• Which application segment is expected to dominate other application segments over the forecast period?
• Which region is expected to dominate in terms of revenue during the forecast period?
• What are the key outcomes of Porter’s Five Forces analysis and SWOT analysis?
• Which leading players are operating in the global Polyvinyl Alcohol market?

Segments covered in the report:

Product Type Outlook (Revenue, USD Billion; 2019-2030)

• N-butyl acrylate
• Ethyl acrylate
• 2-ethylhexyl acrylate
• Methyl methacrylate
• Isobutyl acrylate

Application Outlook (Revenue, USD Billion; 2019-2030)

• Engineering plastics and co-polymer
• Emulsions paints and coatings
• Hygienic medical products
• Detergents
• Wastewater treatment

End-use Channel Outlook (Revenue, USD Billion; 2019-2030)

• Plastic industries
• Paints and chemical industries
• Consumer goods
• Healthcare and hospitals
• Others

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