Acrylic Acid Market :- Top Players are Nippon Shokubai, Akema, Formosa, LG Chem, Mitsubishi Chem
The Global Acrylic Acid Market is expected to reach USD 16.24 million by 2025, from USD 12.17 million in 2017 growing at a CAGR of 5.3% during the forecast period of 2019 to 2026. The upcoming market report contains data for historic year is 2016, the base year of calculation is 2017 and the forecast period is 2019 to 2026.
Market Definition: Global Acrylic Acid Market
Acrylic acid when reacts with alcohol, generates methanol, ethanol and Oxo alcohols like n-butanol and 2-ethylhexanol, which is basically known as acrylates. These commodities are basically used in paints and coatings industry in waterborne coatings, coatings binders, gun turrets, bomber noses, aircraft canopies, cosmetic etc. Mostly the products are diversified by high water solubility and absorbability. It is polymerized by using acrylic acid monomers which is commercially available in both liquid & dry formulations and is widely applicable as a dispersant, thickener, binder, antiscalant, and as an intermediate in a wide number of industries. Apart from this, many new applications are identified due to commercialization of the manufacturing techniques of bio-based products.
In 2017, Evonik introduces new strategic structure for acrylic acid production, which benefits in manufacturing superabsorbents.
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Raising demand of acrylic acid in surfactants industry, due to mechanical stability and freeze-thaw stability.
Utilization of acrylic acid for the improvement of operational efficiency for soil conditioning, drilling fluids, horticulture and landscaping.
Research took place in developing technologies for manufacturing acrylic acid from renewable resources.
It is very expensive in nature.
If it is directly exposed in flame, it will burn or melts.
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Segmentation: Global Acrylic Acid Market
By Derivative Type
Water Treatment Polymers;
Thermoplastic Polyurethane Elastomer
By End User
Surface Coatings Industry,
Adhesives & Sealants Industry,
Plastic Additives Industry,
Automotive & Transportation
Rest of Asia-Pacific
Rest of Europe
Rest of south America
Middle East & Africa
Rest of MEA
Competitive Landscape: Global Acrylic Acid Market
The global acrylic acid market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes global acrylate monomers market shares for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
Governments across the globe are investing significantly in the development of pipeline infrastructure in developing countries such as India, China and Brazil.
In 2014, BASF and Sinopec inaugurate acrylic acid and SAP plants in Nanjing, China, which enhances superabsorbent polymers, acrylic acid and butyl acrylate plants.
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Key Market Competitors: Global Acrylic Acid Market
The key players operating in the global acrylic acid market are –
The Lubrizol Corporation
NIPPON SHOKUBAI CO., LTD.
The other players in the market are The Dow Chemical Company, Hexion, Mitsubishi Chemical Holdings Corporation, Sibur, Sasol, Cargill, Novozymes, Novomer Inc. Yield10 Bioscience, Inc. Momentive, Sunvic chemicals, Wego Chemical Group, Scientific Solutions LLC, Hydrite Chemical, Capitol Scientific, Inc., U.S. Chemicals, Miami Chemical, Inc., Wilkens-Anderson Co., CJ chemical amongst other.
Research Methodology: Global Acrylic Acid Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request an Analyst Call or can drop down your inquiry.
The key research methodology used by DBMR Research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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Key Insights in the report:
Historical and current market size and projection up to 2025.
Market trends impacting the growth of the global acrylic acid market.
Analyze and forecast elastomeric foam market on the basis of derivative type, and end-use industry.
Trends of key regional and country-level markets for product market type, and end-use industry.
Company profiling of key players which includes business operations, product and services, geographic presence, recent developments and key financial analysis.
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