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Global Glacial Acrylic Acid Market – Segmentation and Analysis by Recent Trends Till 2023
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The glacial acrylic acid (GAA) is a clear, colorless liquid with a pungent odor. It is miscible with water, alcohols and ethers. The chemical formula is CH2=CHCO2H. Glacial acrylic acid (GAA) is a monocarboxylic acid used in the production of polymers and acrylate esters and as a feedstock for chemical synthesis.
The glacial acrylic acid market is categorized as purity level, end users, and regions. On the basis of purity level, glacial acrylic acid (GAA) can be segmented into glacial acrylic acid 100% and glacial acrylic acid 80%. The market by end users, is classified into chemical, water treatment and detergent.
The declining fossil fuel reserves coupled with volatile propylene prices and market availability is expected to hamper the market growth of glacial acrylic acid during the forecast period.
The decline in fossil fuels encourage the manufacturers to develop bio based routes. With the developments in the bio-based routes, a possible reduction in the production cost can be observed and a hedge over market volatility.
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The key players operating under this market are Dow, OPX Bio, Novoenzymes, Cargil, Arkema, Novomer, Metabolix and Nippon Shokubai. These companies are involved in research for producing technologies for manufacturing acrylic acid from renewable resources such as sugar and glycerol.
Market Segmentation
By purity
Glacial acrylic acid 100%
Glacial acrylic acid 80%
By end-user
Chemical industry
Water treatment industry
Detergent industry
SAP
By region
North America
USA
Canada
Mexico
Europe
Germany
France
UK
Russia
Italy
Rest of Europe
Asia-Pacific
China
Japan
Korea
India
Southeast Asia
Rest of Asia-Pacific
Rest of the World (RoW)
Middle East and Africa
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