Glacial Acrylic Acid Market 2020-2025: Leading Key Players BASG, Dow Chemical, Arkema, LG Chemical, Nippon Shokubai

Asia Pacific glacial acrylic acid market size was estimated at more than 1.1 million tons and is likely to witness highest gains of over 6% up to 2023. North America accounted for more than 25% of the total acrylic acid demand and is likely to witness steady gains at over 5% up to 2023. Europe is also expected to witness steady growth rates up to 2023. Latin America is likely to witness significant gains at over 6% from 2016 to 2023.

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Increase in demand for super absorbent polymers (SAP) is likely to drive glacial acrylic acid market. SAPs are widely used baby diaper applications and healthy growth rate in this segment is likely to be supported by emerging regions of Asia Pacific and Latin America.

Companies such as Dow, OPX Bio, Novoenzymes, Cargil,, Arkema, Novomer, Metabolix and Nippon Shokubai are currently involved in research for developing technologies for manufacturing acrylic acid from renewable resources such as sugar and glycerol.

Dow & OPX Bio and Cargill & Novoenzymes are currently developing routes to manufacture and capture bio acrylic acid market from 3-hydropropionic acid route. This process would enable to manufacture to derive glacial acrylic acid from bio based routes.

Glacial acrylic acid market price depends on purity and color. Most common GAA has APHA (American Public Health Association) of less than 10, purity of 99.6% and dimer content of maximum 500 ppm.
Asia Pacific glacial acrylic acid market has been the largest consuming region over the past few years with China dominating the regional demand. China is also likely to witness rise in glacial acrylic acid production capacity to meet the end-user industry demand. India, South Korea, Indonesia and Thailand are also likely to witness an increase in demand. Population expansion coupled with an increase in spending capacity is likely to favor regional demand.

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The global glacial acrylic acid market share is fragmented wit top four companies catering to more than 45% of the total demand. Major companies operating in this market include BASG, Dow Chemical, Arkema, LG Chemical and Nippon Shokubai. Other prominent companies include Formosa Plastics, Sinopec, Idemitsu Petrochemical, Shanghai Huayi, Singapore Acrylics, Stohaas and Shenyang Chemical.

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