Acrylic Acid Market by Derivative, Applications, End-User

List of Tables

The Acrylic Acid Market was valued at USD 12.89 billion in 2023, expected to reach USD 13.68 billion in 2024, and is projected to grow at a CAGR of 6.63%, to USD 20.21 billion by 2030.

Acrylic acid is a versatile industrial chemical primarily used in the production of polymers, superabsorbent materials, and adhesives. In market research, it encompasses a wide range of applications such as paints & coatings, textiles, personal care products, and water treatment solutions. The necessity of acrylic acid lies in its ability to significantly enhance product performance, due to its properties that include excellent adhesion, durability, and flexibility. The end-use scope spans across numerous industries, with a substantial market share being occupied by the paints and coatings sector, and growing interest from the personal care and hygiene sectors due to rising consumer demand for absorbent hygiene products like diapers and adult incontinence pads. The market is driven by factors such as increasing urbanization, rapid industrialization, and the expansion of end-user industries in emerging economies. Additionally, innovation in production technologies aimed at increasing efficiency and reducing environmental impact presents notable opportunities for growth. Companies could leverage breakthroughs in bio-based acrylic acid production processes, which not only appeal to environmentally conscious consumers but also reduce dependency on petrochemicals. However, the market faces challenges including volatility in raw material prices, stringent governmental regulations regarding environmental impact, and competitive pressures from alternative compounds. Market players must invest in research and development to innovate cost-effective and eco-friendly manufacturing processes. Additionally, exploiting unpenetrated markets in developing regions presents a considerable opportunity, though challenges such as inadequate infrastructure and lower awareness about product benefits can impede rapid market expansion. The nature of the acrylic acid market is both competitive and dynamic, with a clear trajectory towards sustainable growth. Therefore, areas ripe for innovation and research include sustainable production technologies, development of higher-performance bio-based products, and efficient recycling methods. For insightful growth, businesses should prioritize sustainability, invest in emerging markets, and capitalize on technological advancements.

KEY MARKET STATISTICS
Base Year [2023]	USD 12.89 billion
Estimated Year [2024]	USD 13.68 billion
Forecast Year [2030]	USD 20.21 billion
CAGR (%)	6.63%

Market Dynamics: Unveiling Key Market Insights in the Rapidly Evolving Acrylic Acid Market

The Acrylic Acid Market is undergoing transformative changes driven by a dynamic interplay of supply and demand factors. Understanding these evolving market dynamics prepares business organizations to make informed investment decisions, refine strategic decisions, and seize new opportunities. By gaining a comprehensive view of these trends, business organizations can mitigate various risks across political, geographic, technical, social, and economic domains while also gaining a clearer understanding of consumer behavior and its impact on manufacturing costs and purchasing trends.

Market Drivers
- Increasing building and construction activities worldwide
- Applications in plastic manufacturing industries
- Extensive use in production of hygienic medical products
Market Restraints
- Volatility in raw material prices and concerns regarding health hazards
Market Opportunities
- Rise in R&D and advancements in acrylic acid production process
- Significant investments in water treatment projects
Market Challenges
- Constraints associated with acrylic acid bioproduction

Porter's Five Forces: A Strategic Tool for Navigating the Acrylic Acid Market

Porter's five forces framework is a critical tool for understanding the competitive landscape of the Acrylic Acid Market. It offers business organizations with a clear methodology for evaluating their competitive positioning and exploring strategic opportunities. This framework helps businesses assess the power dynamics within the market and determine the profitability of new ventures. With these insights, business organizations can leverage their strengths, address weaknesses, and avoid potential challenges, ensuring a more resilient market positioning.

PESTLE Analysis: Navigating External Influences in the Acrylic Acid Market

External macro-environmental factors play a pivotal role in shaping the performance dynamics of the Acrylic Acid Market. Political, Economic, Social, Technological, Legal, and Environmental factors analysis provides the necessary information to navigate these influences. By examining PESTLE factors, businesses can better understand potential risks and opportunities. This analysis enables business organizations to anticipate changes in regulations, consumer preferences, and economic trends, ensuring they are prepared to make proactive, forward-thinking decisions.

Market Share Analysis: Understanding the Competitive Landscape in the Acrylic Acid Market

A detailed market share analysis in the Acrylic Acid Market provides a comprehensive assessment of vendors' performance. Companies can identify their competitive positioning by comparing key metrics, including revenue, customer base, and growth rates. This analysis highlights market concentration, fragmentation, and trends in consolidation, offering vendors the insights required to make strategic decisions that enhance their position in an increasingly competitive landscape.

FPNV Positioning Matrix: Evaluating Vendors' Performance in the Acrylic Acid Market

The Forefront, Pathfinder, Niche, Vital (FPNV) Positioning Matrix is a critical tool for evaluating vendors within the Acrylic Acid Market. This matrix enables business organizations to make well-informed decisions that align with their goals by assessing vendors based on their business strategy and product satisfaction. The four quadrants provide a clear and precise segmentation of vendors, helping users identify the right partners and solutions that best fit their strategic objectives.

Strategy Analysis & Recommendation: Charting a Path to Success in the Acrylic Acid Market

A strategic analysis of the Acrylic Acid Market is essential for businesses looking to strengthen their global market presence. By reviewing key resources, capabilities, and performance indicators, business organizations can identify growth opportunities and work toward improvement. This approach helps businesses navigate challenges in the competitive landscape and ensures they are well-positioned to capitalize on newer opportunities and drive long-term success.

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:

Based on Derivative, market is studied across Acrylic Esters, Acrylic Polymers, Ammonium Polyacrylate, and Polycyanoacrylate. The Acrylic Esters is further studied across 2-Ethylhexyl Acrylate, Benzyl Acrylate, Butyl Acrylate, Ethyl Acrylate, Hydroxypropyl Acrylate, Methyl Acrylate, and Specialty Acrylates. The Acrylic Polymers is further studied across Acrylic Elastomers, Superabsorbent Polymers, and Water Treatment Polymers.
Based on Applications, market is studied across Acrylic Esters and Acrylic Polymers. The Acrylic Esters is further studied across Adhesives & Sealants, Detergents, Plastic Additives, Surface Coatings, and Textiles. The Acrylic Polymers is further studied across Adult Incontinence & Personal Care Products, Diapers & Training Pants, and Water Treatment.
Based on End-User, market is studied across Consumer Goods, Healthcare & Hospitals, Paints & Chemical, and Plastic.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom.

The report offers a comprehensive analysis of the market, covering key focus areas:

1. Market Penetration: A detailed review of the current market environment, including extensive data from top industry players, evaluating their market reach and overall influence.

2. Market Development: Identifies growth opportunities in emerging markets and assesses expansion potential in established sectors, providing a strategic roadmap for future growth.

3. Market Diversification: Analyzes recent product launches, untapped geographic regions, major industry advancements, and strategic investments reshaping the market.

4. Competitive Assessment & Intelligence: Provides a thorough analysis of the competitive landscape, examining market share, business strategies, product portfolios, certifications, regulatory approvals, patent trends, and technological advancements of key players.

5. Product Development & Innovation: Highlights cutting-edge technologies, R&D activities, and product innovations expected to drive future market growth.

The report also answers critical questions to aid stakeholders in making informed decisions:

1. What is the current market size, and what is the forecasted growth?

2. Which products, segments, and regions offer the best investment opportunities?

3. What are the key technology trends and regulatory influences shaping the market?

4. How do leading vendors rank in terms of market share and competitive positioning?

5. What revenue sources and strategic opportunities drive vendors' market entry or exit strategies?

Product Code: MRR-957C47F90189

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Increasing building and construction activities worldwide
  - 5.1.1.2. Applications in plastic manufacturing industries
  - 5.1.1.3. Extensive use in production of hygienic medical products
- 5.1.2. Restraints
  - 5.1.2.1. Volatility in raw material prices and concerns regarding health hazards
- 5.1.3. Opportunities
  - 5.1.3.1. Rise in R&D and advancements in acrylic acid production process
  - 5.1.3.2. Significant investments in water treatment projects
- 5.1.4. Challenges
  - 5.1.4.1. Constraints associated with acrylic acid bioproduction
5.2. Market Segmentation Analysis
- 5.2.1. Derivative: Wide applications of acrylic esters in construction industry
- 5.2.2. Application: Extensive use of acrylic acids as adhesives & sealants in consumer goods sector
- 5.2.3. End User: Growing demand for acrylic acid for manufacturing of paints & chemicals worldwide
5.3. Porter's Five Forces Analysis
- 5.3.1. Threat of New Entrants
- 5.3.2. Threat of Substitutes
- 5.3.3. Bargaining Power of Customers
- 5.3.4. Bargaining Power of Suppliers
- 5.3.5. Industry Rivalry
5.4. PESTLE Analysis
- 5.4.1. Political
- 5.4.2. Economic
- 5.4.3. Social
- 5.4.4. Technological
- 5.4.5. Legal
- 5.4.6. Environmental

6. Acrylic Acid Market, by Derivative

6.1. Introduction
6.2. Acrylic Esters
- 6.2.1. 2-Ethylhexyl Acrylate
- 6.2.2. Benzyl Acrylate
- 6.2.3. Butyl Acrylate
- 6.2.4. Ethyl Acrylate
- 6.2.5. Hydroxypropyl Acrylate
- 6.2.6. Methyl Acrylate
- 6.2.7. Specialty Acrylates
6.3. Acrylic Polymers
- 6.3.1. Acrylic Elastomers
- 6.3.2. Superabsorbent Polymers
- 6.3.3. Water Treatment Polymers
6.4. Ammonium Polyacrylate
6.5. Polycyanoacrylate

7. Acrylic Acid Market, by Applications

7.1. Introduction
7.2. Acrylic Esters
- 7.2.1. Adhesives & Sealants
- 7.2.2. Detergents
- 7.2.3. Plastic Additives
- 7.2.4. Surface Coatings
- 7.2.5. Textiles
7.3. Acrylic Polymers
- 7.3.1. Adult Incontinence & Personal Care Products
- 7.3.2. Diapers & Training Pants
- 7.3.3. Water Treatment

8. Acrylic Acid Market, by End-User

8.1. Introduction
8.2. Consumer Goods
8.3. Healthcare & Hospitals
8.4. Paints & Chemical
8.5. Plastic

9. Americas Acrylic Acid Market

9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States

10. Asia-Pacific Acrylic Acid Market

10.1. Introduction
10.2. Australia
10.3. China
10.4. India
10.5. Indonesia
10.6. Japan
10.7. Malaysia
10.8. Philippines
10.9. Singapore
10.10. South Korea
10.11. Taiwan
10.12. Thailand
10.13. Vietnam

11. Europe, Middle East & Africa Acrylic Acid Market

11.1. Introduction
11.2. Denmark
11.3. Egypt
11.4. Finland
11.5. France
11.6. Germany
11.7. Israel
11.8. Italy
11.9. Netherlands
11.10. Nigeria
11.11. Norway
11.12. Poland
11.13. Qatar
11.14. Russia
11.15. Saudi Arabia
11.16. South Africa
11.17. Spain
11.18. Sweden
11.19. Switzerland
11.20. Turkey
11.21. United Arab Emirates
11.22. United Kingdom

12. Competitive Landscape

12.1. Market Share Analysis, 2023
12.2. FPNV Positioning Matrix, 2023
12.3. Competitive Scenario Analysis
- 12.3.1. Lubrizol launches New Rheology Modifier Carbopol SC-800
- 12.3.2. Inauguration Ceremony Heldfor a New Acrylic Acid Facility in Indonesia
- 12.3.3. BASF Breaks Ground on Acrylic Acid Complex at Zhanjiang Verbund Site in China
12.4. Strategy Analysis & Recommendation

Companies Mentioned

1. Arkema Group
2. BASF SE
3. Bharat Petroleum Corporation Limited
4. Celanese Corporation
5. Central Drug House (P) Ltd.
6. Covestro AG
7. Daicel Corporation
8. Dow Chemical Company
9. Eastman Chemical Company
10. Evonik Industries AG
11. INEOS AG
12. LG Chem Ltd.
13. Libra Speciality Chemicals Limited
14. Lubrizol Corporation
15. LyondellBasell Industries Holdings B.V.
16. Mitsubishi Chemical Corporation
17. Mubychem Group
18. NIPPON SHOKUBAI CO., Ltd.
19. Parasol Chemicals Limited
20. Shandong Chuangying Chemical Co., Ltd.
21. SIBUR International GmbH
22. Solvay SA
23. Wacker Chemie AG
24. WALGLAS GROUP
25. WEGO CHEMICAL GROUP