Press release
Europe glacial acrylic acid market to garner substantial momentum by 2026 | By key players Arkema, Sinopec, Formosa Plastics, Shanghai Huayi, Idemitsu Petrochemical, Shenyang Chemical, Stohaas
o Glacial acrylic acid market size, historical from 2015 to 2019 and annual forecast from 2020 to 2026
o Major glacial acrylic acid industry trends, technology evolution, economic indicators and business challenges
o Regulatory and geopolitical trends impacting the industry
o Business drivers and pitfalls impacting key regional markets
o Competitive landscape of the industry and detailed profiles on the major companies
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Glacial acrylic acid (GAA) finds widespread use in the production of detergents, diapers, adhesives & sealants, textiles, plastic additives, and surfactants. GAA has excellent chemical and physical properties such as flexibility, adhesion, weathering, hardness, and resistance against oils and abrasion, making it a preferable choice of additive in a wide range of products, including plastic additives. GAA demand from adhesives and sealants application will witness healthy growth owing to extensive application of these products in a vast range of industry verticals. Increased consumption of surfactant and adhesive products will fuel glacial acrylic acid market size.
Anti-scaling agents are used as pretreatment additives in water treatment systems during the reverse osmosis process, before the feed water is directed into the reverse osmosis membrane. Acrylic acid is used across water treatment applications as anti-scaling agents to ensure the effectiveness of the process. Growing demand for efficient wastewater treatment facilities to address the ever increasing need for clean water across municipalities and industrial units will bolster the consumption of the substance. Water treatment end-use segment is expected to account for a notable share of glacial acrylic acid demand worldwide over the coming years.
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From a regional point of view, Europe glacial acrylic acid industry is slated to experience substantial growth in the coming years, from consistent demand across personal care, adhesives and sealants as well as superabsorbent polymer applications. The regional growth can attributed to well-established chemical, water treatment, diaper, detergent and plastic additives industries.
Growing consumption of sanitary care products along with stringent regulations pertaining to wastewater treatment will complement the regional outlook. The presence of manufacturing facilities of prominent companies like BASF and Arkema in the region will bolster Europe glacial acrylic acid market trends.
Some of the companies mentioned in the report include BASF, Dow Chemical, LG Chemical, Nippon Shokubai, Arkema, Sinopec, Formosa Plastics, Shanghai Huayi, Idemitsu Petrochemical, Shenyang Chemical, Stohaas, and Singapore Acrylics.
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