PUBLISHER: TechNavio | PRODUCT CODE: 1525183
PUBLISHER: TechNavio | PRODUCT CODE: 1525183
The acrylic acid market is forecasted to grow by USD 3132.2 mn during 2023-2028, accelerating at a CAGR of 4.5% during the forecast period. The report on the acrylic acid market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increased demand for acrylic acid derivatives in surface coating applications, rise in demand from developing countries, and rising investments in infrastructure development.
Technavio's acrylic acid market is segmented as below:
Market Scope | |
---|---|
Base Year | 2024 |
End Year | 2028 |
Series Year | 2024-2028 |
Growth Momentum | Accelerate |
YOY 2024 | 4.23% |
CAGR | 4.5% |
Incremental Value | $3132.2mn |
By Application
By Geographical Landscape
This study identifies the increasing demand for bio-based acrylic acid derivatives as one of the prime reasons driving the acrylic acid market growth during the next few years. Also, increasing m and a activities and growing adoption of uv-curable coatings will lead to sizable demand in the market.
The report on the acrylic acid market covers the following areas:
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading acrylic acid market vendors that include Acuro Organics Ltd., Arkema Group, Ashland Inc., ATULYA CHEMICALS, BASF SE, Cargill Inc., EMCO Dyestuff Pvt. Ltd., Evonik Industries AG, Formosa Plastics Corp., LG Electronics Inc., Libra Speciality Chemicals Ltd., Merck KGaA, Mitsubishi Chemical Group Corp., Nippon Shokubai Co. Ltd., Sasol Ltd., Shanghai Huayi Acrylic Acid Co. Ltd., SIBUR International GmbH, The Lubrizol Corp., Toagosei Co. Ltd., and Vizag Chemical International. Also, the acrylic acid market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
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