Acrylic Acid Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2024-2032

Description

Persistence Market Research has recently published an extensive report on the global Acrylic Acid Market. This report offers a comprehensive analysis of the key market dynamics, including drivers, trends, opportunities, and challenges, providing deep insights into the market structure.

Key Insights:

Acrylic Acid Market Size (2024E): US$ 15.9 Bn
Projected Market Value (2032F): US$ 22.6 Bn
Global Market Growth Rate (CAGR 2024 to 2032): 4.5%

Acrylic Acid Market - Report Scope:

The Acrylic Acid Market encompasses a broad range of applications, spanning sectors such as coatings, adhesives, textiles, and personal care. Acrylic acid is a vital chemical building block used in the production of acrylate esters, which serve as raw materials for a variety of products. These esters are widely used in adhesives, coatings, and sealants, making them crucial for industries like construction, automotive, and packaging. Additionally, acrylic acid is used in superabsorbent polymers (SAP), which are extensively applied in hygiene products such as diapers and adult incontinence items. The market is experiencing steady growth due to rising demand across these end-use industries, particularly in developing regions.

Market Growth Drivers:

Several key factors are driving the global Acrylic Acid Market. The construction industry, especially in emerging economies, is experiencing rapid growth, leading to increased demand for paints, coatings, and adhesives-all of which require acrylic acid-based products. Additionally, the automotive industry's continuous expansion, coupled with advancements in vehicle design and manufacturing, is boosting the demand for acrylic acid in adhesives and coatings. The rising awareness of hygiene and the growing elderly population are further propelling the demand for superabsorbent polymers, a significant application of acrylic acid in personal care products. The push towards sustainability has also led to innovations in bio-based acrylic acids, which are gaining traction due to their lower environmental impact.

Market Restraints:

Despite promising growth prospects, the Acrylic Acid Market faces challenges. One of the primary restraints is the volatility in raw material prices, particularly propylene, which is a key feedstock for acrylic acid production. Fluctuations in propylene prices can significantly impact production costs and profit margins for manufacturers. Additionally, environmental concerns related to the production process, which can lead to hazardous emissions, are prompting stricter regulations in various regions. Compliance with these environmental regulations increases operational costs and could potentially slow down production. Furthermore, the development of substitutes, such as bio-based alternatives and other polymers, poses a potential threat to the market's growth trajectory.

Market Opportunities:

The Acrylic Acid Market presents significant opportunities driven by the increasing demand for sustainable and bio-based acrylic acid solutions. With growing environmental concerns and stricter regulatory frameworks, companies are investing in the research and development of eco-friendly alternatives to petroleum-based acrylic acid. Bio-based acrylic acids, derived from renewable resources, are expected to gain market share as consumers and industries prioritize sustainability. Additionally, the expanding e-commerce and packaging sectors offer new avenues for growth, particularly in the development of specialty coatings and adhesives that enhance product packaging durability. The development of advanced formulations for high-performance coatings in the automotive and construction industries is another area of opportunity.

Key Questions Answered in the Report:

What are the primary factors driving the growth of the Acrylic Acid Market globally?
Which end-use industries are leading the adoption of acrylic acid in various regions?
How are technological advancements influencing the competitive landscape of the Acrylic Acid Market?
Who are the key players in the Acrylic Acid Market, and what strategies are they employing to stay competitive?
What are the emerging trends and future prospects in the global Acrylic Acid Market?

Competitive Intelligence and Business Strategy:

Leading players in the global Acrylic Acid Market, including BASF SE, Arkema Group, and LG Chem, focus on expanding their production capacities, improving sustainability practices, and forming strategic partnerships to maintain a competitive edge. These companies are investing heavily in R&D to develop bio-based acrylic acid and other eco-friendly alternatives. Strategic collaborations with raw material suppliers and advancements in production technologies are also being prioritized to enhance efficiency and reduce operational costs. Moreover, companies are focusing on expanding their footprint in emerging markets, particularly in the Asia-Pacific region, where demand for acrylic acid-based products is growing rapidly.

Key Companies Profiled:

BASF SE
Dow Chemical
Lucite International
LG Chem
Mitsubishi Chemical Corporation
Cargill, Incorporated
Nippon Shokubai Co., Ltd.
SNP Inc.
The Lubrizol Corporation
Formosa Plastic Corporation
Arkema S.A.
Ashland
Kemira Oyi

Acrylic Acid Market Industry Segmentation:

By Derivative Type:

Acrylate Esters
Methyl Acrylate
Ethyl Acrylate
Butyl Acrylate
2-Ethylhexyl Acrylate
Glacial Acrylic Acid
Superabsorbent Polymers (SAP)
Other Derivatives

By Application:

Adhesives & Sealants
Paints & Coatings
Plastics
Textiles
Personal Care Products
Water Treatment
Other Applications

By End-Use Industry:

Construction
Automotive
Packaging
Personal Care & Hygiene
Textiles
Other Industries

By Region:

North America
Europe
Asia-Pacific
Latin America
Middle East & Africa

Product Code: PMRREP30067

1. Executive Summary

1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Life Cycle Analysis
1.5. Analysis and Recommendations

2. Market Overview

2.1. Market Taxonomy
2.2. Market Definition
2.3. Production Process Overview

3. Key Market Trends

3.1. Key Trends Impacting the Market
3.2. Development Trends

4. Key Success Factors

5. Global Acrylic Acid Market Demand Analysis 2019-2023 and Forecast, 2024-2032

5.1. Historical Market Volume (Tons) Analysis, 2019-2023
5.2. Current and Future Market Volume (tons) Projections, 2024-2032
5.3. Y-o-Y Growth Trend Analysis

6. Global Acrylic Acid Market - Pricing Analysis

6.1. Regional Pricing Analysis By Product Type
6.2. Pricing Break-up
- 6.2.1. Manufacturer Level Pricing
6.3. Global Average Pricing Analysis Benchmark

7. Global Acrylic Acid Market Demand (in Value or Size in US$ Bn) Analysis 2019-2023 and Forecast, 2024-2032

7.1. Historical Market Value (US$ Bn) Analysis, 2019-2023
7.2. Current and Future Market Value (US$ Bn) Projections, 2024-2032
- 7.2.1. Y-o-Y Growth Trend Analysis
- 7.2.2. Absolute $ Opportunity Analysis

8. Market Background

8.1. Macro-Economic Factors
8.2. Forecast Factors - Relevance & Impact
8.3. Global Supply Demand Analysis
- 8.3.1. Production Capacity Analysis
- 8.3.2. Consumption Analysis
- 8.3.3. Net Trade Analysis
8.4. Value Chain
8.5. Manufacturing Process
8.6. Market Dynamics
- 8.6.1. Drivers
- 8.6.2. Restraints
- 8.6.3. Opportunity Analysis

9. Global Acrylic Acid Market Analysis 2019-2023 and Forecast 2024-2032, By Product Type

9.1. Introduction / Key Findings
9.2. Historical Market Size (US$ Bn) and Volume Analysis By Product Type, 2019-2023
9.3. Current and Future Market Size (US$ Bn) and Volume Analysis and Forecast By Product Type, 2024-2032
- 9.3.1. Acrylic Esters
  - 9.3.1.1. Methyl acrylate
  - 9.3.1.2. Ethyl acrylate
  - 9.3.1.3. Butyl acrylate
  - 9.3.1.4. others
- 9.3.2. Acrylic Polymers/Copolymer
  - 9.3.2.1. Acrylic Elastomers
  - 9.3.2.2. Water Treatment Polymers
  - 9.3.2.3. other polymers (Cyanopolyacrylate, Ammonium Polyacrylate)
9.4. Market Attractiveness Analysis By Product Type

10. Global Acrylic Acid Market Analysis 2019-2023 and Forecast 2024-2032, By Acrylic Esters Application

10.1. Introduction / Key Findings
10.2. Historical Market Size (US$ Bn) and Volume Analysis By Acrylic Esters Application, 2019-2023
10.3. Current and Future Market Size (US$ Bn) and Volume Analysis and Forecast By Acrylic Esters Application, 2024-2032
- 10.3.1. Surface Coatings
- 10.3.2. Adhesives and Sealants
- 10.3.3. Plastic Additives
- 10.3.4. Detergents
- 10.3.5. Textiles
- 10.3.6. Others
10.4. Market Attractiveness Analysis By Acrylic Esters Application

11. Global Acrylic Acid Market Analysis 2019-2023 and Forecast 2024-2032, By Acrylic Polymer/Copolymer Application

11.1. Introduction / Key Findings
11.2. Historical Market Size (US$ Bn) and Volume Analysis By Acrylic Polymer/Copolymer Application, 2019-2023
11.3. Current and Future Market Size (US$ Bn) and Volume Analysis and Forecast By Acrylic Polymer/Copolymer Application, 2024-2032
- 11.3.1. Water Treatment
- 11.3.2. Others
11.4. Market Attractiveness Analysis By Acrylic Polymer/Copolymer Application

12. Global Acrylic Acid Market Analysis 2019-2023 and Forecast 2024-2032, by Region

12.1. Introduction
12.2. Historical Market Size (US$ Bn) and Volume Analysis By Region, 2019-2023
12.3. Current Market Size (US$ Bn) and Volume Analysis and Forecast By Region, 2024-2032
- 12.3.1. North America
- 12.3.2. Latin America
- 12.3.3. Europe
- 12.3.4. South Asia
- 12.3.5. East Asia
- 12.3.6. Oceania
- 12.3.7. Middle East and Africa (MEA)
12.4. Market Attractiveness Analysis By Region

13. North America Acrylic Acid Market Analysis 2019-2023 and Forecast 2024-2032

13.1. Introduction
13.2. Pricing Analysis
13.3. Historical Market Size (US$ Bn) and Volume Trend Analysis By Market Taxonomy, 2019-2023
13.4. Market Size (US$ Bn) and Volume Forecast By Market Taxonomy, 2024-2032
- 13.4.1. By Country
  - 13.4.1.1. U.S.
  - 13.4.1.2. Canada
- 13.4.2. By Product Type
- 13.4.3. By Acrylic Esters Application
- 13.4.4. By Acrylic Polymer/Copolymer Application
13.5. Market Attractiveness Analysis
- 13.5.1. By Country
- 13.5.2. By Product Type
- 13.5.3. By Acrylic Esters Application
- 13.5.4. By Acrylic Polymer/Copolymer Application
13.6. Key Market Participants - Intensity Mapping
13.7. Drivers and Restraints - Impact Analysis

14. Latin America Acrylic Acid Market Analysis 2019-2023 and Forecast 2024-2032

14.1. Introduction
14.2. Pricing Analysis
14.3. Historical Market Size (US$ Bn) and Volume Trend Analysis By Market Taxonomy, 2019-2023
14.4. Market Size (US$ Bn) and Volume Forecast By Market Taxonomy, 2024-2032
- 14.4.1. By Country
  - 14.4.1.1. Brazil
  - 14.4.1.2. Mexico
  - 14.4.1.3. Rest of Latin America
- 14.4.2. By Product Type
- 14.4.3. By Acrylic Esters Application
- 14.4.4. By Acrylic Polymer/Copolymer Application
14.5. Market Attractiveness Analysis
- 14.5.1. By Country
- 14.5.2. By Product Type
- 14.5.3. By Acrylic Esters Application
- 14.5.4. By Acrylic Polymer/Copolymer Application
14.6. Key Market Participants - Intensity Mapping
14.7. Drivers and Restraints - Impact Analysis

15. Europe Acrylic Acid Market Analysis 2019-2023 and Forecast 2024-2032

15.1. Introduction
15.2. Pricing Analysis
15.3. Historical Market Size (US$ Bn) and Volume Trend Analysis By Market Taxonomy, 2019-2023
15.4. Market Size (US$ Bn) and Volume Forecast By Market Taxonomy, 2024-2032
- 15.4.1. By Country
  - 15.4.1.1. Germany
  - 15.4.1.2. Italy
  - 15.4.1.3. France
  - 15.4.1.4. U.K.
  - 15.4.1.5. Spain
  - 15.4.1.6. BENELUX
  - 15.4.1.7. Rest of Europe
- 15.4.2. By Product Type
- 15.4.3. By Acrylic Esters Application
- 15.4.4. By Acrylic Polymer/Copolymer Application
15.5. Market Attractiveness Analysis
- 15.5.1. By Country
- 15.5.2. By Product Type
- 15.5.3. By Acrylic Esters Application
- 15.5.4. By Acrylic Polymer/Copolymer Application
15.6. Key Market Participants - Intensity Mapping
15.7. Drivers and Restraints - Impact Analysis

16. South Asia Acrylic Acid Market Analysis 2019-2023 and Forecast 2024-2032

16.1. Introduction
16.2. Pricing Analysis
16.3. Historical Market Size (US$ Bn) and Volume Trend Analysis By Market Taxonomy, 2019-2023
16.4. Market Size (US$ Bn) and Volume Forecast By Market Taxonomy, 2024-2032
- 16.4.1. By Country
  - 16.4.1.1. India
  - 16.4.1.2. Thailand
  - 16.4.1.3. Indonesia
  - 16.4.1.4. Malaysia
  - 16.4.1.5. Rest of South Asia
- 16.4.2. By Product Type
- 16.4.3. By Acrylic Esters Application
- 16.4.4. By Acrylic Polymer/Copolymer Application
16.5. Market Attractiveness Analysis
- 16.5.1. By Country
- 16.5.2. By Product Type
- 16.5.3. By Acrylic Esters Application
- 16.5.4. By Acrylic Polymer/Copolymer Application
16.6. Key Market Participants - Intensity Mapping
16.7. Drivers and Restraints - Impact Analysis

17. East Asia Acrylic Acid Market Analysis 2019-2023 and Forecast 2024-2032

17.1. Introduction
17.2. Pricing Analysis
17.3. Historical Market Size (US$ Bn) and Volume Trend Analysis By Market Taxonomy, 2019-2023
17.4. Market Size (US$ Bn) and Volume Forecast By Market Taxonomy, 2024-2032
- 17.4.1. By Country
  - 17.4.1.1. China
  - 17.4.1.2. Japan
  - 17.4.1.3. South Korea
- 17.4.2. By Product Type
- 17.4.3. By Product Type
- 17.4.4. By Acrylic Esters Application
- 17.4.5. By Acrylic Polymer/Copolymer Application
17.5. Market Attractiveness Analysis
- 17.5.1. By Country
- 17.5.2. By Product Type
- 17.5.3. By Acrylic Esters Application
- 17.5.4. By Acrylic Polymer/Copolymer Application
17.6. Key Market Participants - Intensity Mapping
17.7. Drivers and Restraints - Impact Analysis

18. Oceania Acrylic Acid Market Analysis 2019-2023 and Forecast 2024-2032

18.1. Introduction
18.2. Pricing Analysis
18.3. Historical Market Size (US$ Bn) and Volume Trend Analysis By Market Taxonomy, 2019-2023
18.4. Market Size (US$ Bn) and Volume Forecast By Market Taxonomy, 2024-2032
- 18.4.1. By Country
  - 18.4.1.1. Australia
  - 18.4.1.2. New Zealand
- 18.4.2. By Product Type
- 18.4.3. By Acrylic Esters Application
- 18.4.4. By Acrylic Polymer/Copolymer Application
18.5. Market Attractiveness Analysis
- 18.5.1. By Country
- 18.5.2. By Product Type
- 18.5.3. By Acrylic Esters Application
- 18.5.4. By Acrylic Polymer/Copolymer Application
18.6. Key Market Participants - Intensity Mapping
18.7. Drivers and Restraints - Impact Analysis

19. Middle East and Africa Acrylic Acid Market Analysis 2019-2023 and Forecast 2024-2032

19.1. Introduction
19.2. Pricing Analysis
19.3. Historical Market Size (US$ Bn) and Volume Trend Analysis By Market Taxonomy, 2019-2023
19.4. Market Size (US$ Bn) and Volume Forecast By Market Taxonomy, 2024-2032
- 19.4.1. By Country
  - 19.4.1.1. GCC Countries
  - 19.4.1.2. Turkey
  - 19.4.1.3. Northern Africa
  - 19.4.1.4. South Africa
  - 19.4.1.5. Rest of Middle East and Africa
- 19.4.2. By Product Type
- 19.4.3. By Acrylic Esters Application
- 19.4.4. By Acrylic Polymer/Copolymer Application
19.5. Market Attractiveness Analysis
- 19.5.1. By Country
- 19.5.2. By Product Type
- 19.5.3. By Acrylic Esters Application
- 19.5.4. By Acrylic Polymer/Copolymer Application
19.6. Key Market Participants - Intensity Mapping
19.7. Drivers and Restraints - Impact Analysis

20. Emerging Countries Acrylic Acid Market Analysis 2019-2023 and Forecast 2024-2032

20.1. Introduction
- 20.1.1. Market Value Proportion Analysis, By Key Countries
- 20.1.2. Global Vs. Country Growth Comparison
20.2. China Acrylic Acid Market Analysis
- 20.2.1. Introduction
- 20.2.2. PEST Analysis
- 20.2.3. Market Value Proportion Analysis by Market Taxonomy
- 20.2.4. Market Volume and Value (US$ Bn) Analysis and Forecast by Market Taxonomy
  - 20.2.4.1. By Acrylic Esters Application
  - 20.2.4.2. By Product Type
  - 20.2.4.3. By Acrylic Polymer/Copolymer Application
20.3. Indonesia Acrylic Acid Market Analysis
- 20.3.1. Introduction
- 20.3.2. PEST Analysis
- 20.3.3. Market Value Proportion Analysis by Market Taxonomy
- 20.3.4. Market Volume and Value (US$ Bn) Analysis and Forecast by Market Taxonomy
  - 20.3.4.1. By Product Type
  - 20.3.4.2. By Acrylic Esters Application
  - 20.3.4.3. By Acrylic Polymer/Copolymer Application
20.4. South Korea Acrylic Acid Market Analysis
- 20.4.1. Introduction
- 20.4.2. PEST Analysis
- 20.4.3. Market Value Proportion Analysis by Market Taxonomy
- 20.4.4. Market Volume and Value (US$ Bn) Analysis and Forecast by Market Taxonomy
  - 20.4.4.1. By Product Type
  - 20.4.4.2. By Acrylic Esters Application
  - 20.4.4.3. By Acrylic Polymer/Copolymer Application

21. Competition Analysis

21.1. Competition Developments - Summary of Findings
21.2. Key Players - Market Positioning
21.3. Key Players - Market Footprint
21.4. Regional Tier Structure Analysis
21.5. Global Tier Structure Analysis
21.6. Global Acrylic Acid Market Value Share Analysis By Companies (2019E)
21.7. Competition Dashboard

22. Company Profile

22.1.1. BASF SE
22.1.2. Dow Chemical
22.1.3. Lucite International
22.1.4. LG Chem
22.1.5. Mitsubishi Chemical Corporation
22.1.6. Cargill, Incorporated
22.1.7. Nippon Shokubai Co., Ltd.
22.1.8. SNP Inc.
22.1.9. The Lubrizol Corporation
22.1.10. Formosa Plastic Corporation
22.1.11. Arkema S.A.
22.1.12. Ashland
22.1.13. Kemira Oyi