Acrylic Acid Market, By Derivatives, By Applications, By Geography

Description

The global acrylic acid market is estimated to be valued at USD 11.68 Bn in 2024 and is expected to reach USD 14.77 Bn by 2031, growing at a compound annual growth rate (CAGR) of 3.4% from 2024 to 2031.

Report Coverage		Report Details
Base Year:	2023	Market Size in 2024:	US$ 11.68 Bn
Historical Data for:	2019 To 2023	Forecast Period:	2024 To 2031
Forecast Period 2024 to 2031 CAGR:	3.40%	2031 Value Projection:	US$ 14.77 Bn

Figure. Acrylic Acid Market Share (%), By Region, 2024

Acrylic acid is an organic compound that is widely used in the production of polymers and acrylate esters that have high commercial value. The increasing demand for water-based paints and coatings, adhesives and sealants, and personal care products has been driving the demand for acrylic acid in recent years. Additionally, the growing use of superabsorbent polymers in baby diapers and adult incontinence products is expected to boost the market growth over the forecast period

Market Dynamics:

The global acrylic acid market is being driven by rising demand from the water-based paints and coatings industry. Acrylic acid is used in the production of polymers that are employed as binders in water-based paints and coatings. These coatings offer benefits, such as zero volatile organic compound emissions, low odor, and rapid drying, which has resulted in their growing preference over solvent-based paints. However, fluctuating crude oil prices remain a key challenge for market players as acrylic acid is derived from propylene, which is obtained from petroleum refining. Opportunities lie in the expanding construction and automotive industries in developing nations. Rapid urbanization and growing investments in infrastructure development are fueling the demand for paints and coatings used in construction activities.

Key Features of the Study:

This report provides an in-depth analysis of the global acrylic acid market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year
It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global acrylic acid market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Arkema, BASF SE, China Petroleum & Chemical Corporation (SINOPEC), Dow, Formosa Plastic Corporation, LG Chem, Merck KGaA, Mitsubishi Chemical Corporation, NIPPON SHOKUBAI CO. LTD, Sasol, Shanghai Huayi Acrylic Acid Co. Ltd, Satellite Chemical Co. Ltd, Wanhua, Dhalop Chemicals, Emco Dyestuff Pvt , Vizag Chemical, Niksan Pharmaceutical, and Innova Corporate
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global acrylic acid market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global acrylic acid market

Detailed Segmentation-

By Derivatives:
- Methyl Acrylate
- Butyl Acrylate
- Ethyl Acrylate
- 2-Ethylhexyl Acrylate
- Glacial Acrylic Acid
- Super Absorbent Polymers
- Others
By Applications:
- Paints and Coatings
- Adhesives and Sealants
- Surfactants
- Sanitary Products
- Textiles
- Other Applications
By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Company Profiles:
- Arkema
- BASF SE
- China Petroleum & Chemical Corporation (SINOPEC)
- Dow
- Formosa Plastic Corporation
- LG Chem
- Merck KGaA
- Mitsubishi Chemical Corporation
- NIPPON SHOKUBAI CO. LTD
- Sasol
- Shanghai Huayi Acrylic Acid Co. Ltd
- Satellite Chemical Co. Ltd
- Wanhua
- Dhalop Chemicals
- Emco Dyestuff Pvt
- Vizag Chemical
- Niksan Pharmaceutical
- Innova Corporate

Product Code: CMI5412

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snippet, By Derivatives
- Market Snippet, By Applications
- Market Snippet, By Region
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
- Restraints
- PEST Analysis
- PORTER's Five Forces Analysis
- Market Opportunities
- Regulatory Scenario
- Industry Trend
- Mergers and Acquisitions

4. Global Acrylic Acid Market - Impact of Coronavirus (COVID-19) Pandemic

Overview
Factors Affecting the Global Acrylic Acid Market
Impact Analysis

5. Global Acrylic Acid Market, By Derivatives, 2019-2031, (US$ Bn & KT)

Introduction
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Methyl Acrylate
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Butyl Acrylate
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Ethyl Acrylate
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
2-Ethylhexyl Acrylate
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Glacial Acrylic Acid
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Super Absorbent Polymers
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Others
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends

6. Global Acrylic Acid Market, By Applications, 2019-2031, (US$ Bn & KT)

Introduction
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Paints and Coatings
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Adhesives and Sealants
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Surfactants
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Sanitary Products
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Textiles
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Other Applicationss
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends

7. Global Acrylic Acid Market, By Region, 2019-2031, (US$ Bn & KT)

Introduction
- Market Share Analysis, By Region, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020-2031
North America
- Introduction
- Market Size and Forecast, By Derivatives, 2019 - 2031, (US$ Bn & KT)
- Market Size and Forecast, By Applications, 2019 - 2031, (US$ Bn & KT)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn & KT)
  - U.S.
  - Canada
  - Latin America
- Introduction
- Market Size and Forecast, By Derivatives, 2019 - 2031, (US$ Bn & KT))
- Market Size and Forecast, By Applications, 2019 - 2031, (US$ Bn & KT)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn & KT)
  - Brazil
  - Argentina
  - Mexico
  - Rest of Latin America
  - Europe
- Introduction
- Market Size and Forecast, By Derivatives, 2019 - 2031, (US$ Bn & KT)
- Market Size and Forecast, By Applications, 2019 - 2031, (US$ Bn & KT)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn & KT)
  - U.K.
  - Germany
  - Italy
  - France
  - Spain
  - Russia
  - Rest of Europe
  - Asia Pacific
- Introduction
- Market Size and Forecast, By Derivatives, 2019 - 2031, (US$ Bn & KT)
- Market Size and Forecast, By Applications, 2019 - 2031, (US$ Bn & KT)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn & KT)
  - China
  - India
  - Japan
  - ASEAN
  - Australia
  - South Korea
  - Rest of Asia Pacific
  - Middle East & Africa
- Introduction
- Market Size and Forecast, By Derivatives, 2019 - 2031, (US$ Bn & KT)
- Market Size and Forecast, By Applications, 2019 - 2031 (US$ Bn & KT)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn & KT)
  - GCC Countries
  - Israel
  - Rest of Middle East & Africa

8. Competitive Landscape

Market Share Analysis
Company Profiles
- Arkema
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- BASF SE
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- China Petroleum & Chemical Corporation (SINOPEC)
- Dow
- Formosa Plastic Corporation
- LG Chem
- Merck KGaA
- Mitsubishi Chemical Corporation
- NIPPON SHOKUBAI CO. LTD
- Sasol
- Shanghai Huayi Acrylic Acid Co. Ltd
- Satellite Chemical Co. Ltd
- Wanhua
- Dhalop Chemicals
- Emco Dyestuff Pvt
- Vizag Chemical
- Niksan Pharmaceutical
- Innova Corporate

9. Analyst Recommendations

Wheel of Fortune
Analyst View
Coherent Opportunity Map

10. Section

References
Research Methodology
About Us and Sales Contact
- Browse 25 market data tables* and 20 figures* on "Global Acrylic Acid Market" - Global forecast to 2031.