At 4.50% CAGR, Global Acrylic Acid Market Size & Share to Surpass US$ 16.14 Billion By 2028 | Acrylic Acid Industry Trends, Share, Growth, Value, Analysis & Forecast Report-MR Accuracy reports UK

Acrylic acid is an acidic or acrid-smelling chemical substance. Acrylic acid is a feedstock used in the manufacture of acrylate esters. Among the many applications for acrylate ester are paper treatment, plastic additives, textiles, sealants, adhesives, and surface coatings. Furthermore, acrylic acid is used to manufacture hygienic medical equipment, detergents, and wastewater treatment chemicals. Processes for generating acrylic acid from petrochemicals are being developed and commercialized by the industry. Due to strict commercial acrylic acid laws, companies are moving to bio-based ways to create acrylic acid and acrylates from renewable resources such as glycerol and sugar. Renewable feedstock delivers cost-competitive results when compared to petrochemical processes. Asia-Pacific is driving the acrylic acid market. Because of environmental concerns, stringent government restrictions on acrylic acid usage are enforced in places such as North America and Europe, acting as a significant restricting factor for the growth of the acrylic acid market. The commercialization of bio-based acrylic acid and the growing demand for poly (methyl methacrylate) or PMMA resins in different sectors are likely to provide this market with several potential prospects. As a result, acrylic acid producers concentrate on R&D to identify bio-based sources for acrylic acid synthesis

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Key Industry Insights & Findings of the Acrylic Acid Market Reports:

As per the analysis shared by our research analyst, the Acrylic Acid Market is expected to grow annually at a CAGR of around 4.50 % (2022-2028).

Through the primary research, it was established that the Acrylic Acid Market was valued at approximately USD 12.40 billion in 2021 and is projected to reach roughly USD 16.14 billion by 2028.

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Acrylic acid is used to produce a wide variety of goods, including flat sheets, plastic extruded tubes, molded items, paints, and other industrial chemicals.

Paints, surface coatings, emulsion coatings, adhesives, and sealants are examples of applications where the industry has enormous potential.

The ROIC in this area is quite low, averaging around 9%. Furthermore, producing acrylic acid relies heavily on petroleum costs, and crude oil prices are a key influence in altering raw material prices.

They can frequently absorb their weight in fluids, making them excellent for water-absorbing applications such as newborn diapers, adult incontinence pads, absorbent medical dressings, and controlled release medications.

Over the projection period, rising derivatives use in surfactants, coatings, personal care products, and adhesives are predicted to boost regional growth.

Major chemical companies like Mitsubishi Chemical Corporation, Sumitomo Chemical, and others, Asia Pacific has become the largest acrylic acid exporter.

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Acrylic acid is an acidic or acrid-smelling chemical substance. Acrylic acid is a feedstock used in the manufacture of acrylate esters. Among the many applications for acrylate ester are paper treatment, plastic additives, textiles, sealants, adhesives, and surface coatings. Furthermore, acrylic acid is used to manufacture hygienic medical equipment, detergents, and wastewater treatment chemicals. Processes for generating acrylic acid from petrochemicals are being developed and commercialized by the industry. Due to strict commercial acrylic acid laws, companies are moving to bio-based ways to create acrylic acid and acrylates from renewable resources such as glycerol and sugar. Renewable feedstock delivers cost-competitive results when compared to petrochemical processes. Asia-Pacific is driving the acrylic acid market. Because of environmental concerns, stringent government restrictions on acrylic acid usage are enforced in places such as North America and Europe, acting as a significant restricting factor for the growth of the acrylic acid market. The commercialization of bio-based acrylic acid and the growing demand for poly (methyl methacrylate) or PMMA resins in different sectors are likely to provide this market with several potential prospects. As a result, acrylic acid producers concentrate on R&D to identify bio-based sources for acrylic acid synthesis.

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Key Industry Insights & Findings of the Acrylic Acid Market Reports:

As per the analysis shared by our research analyst, the Acrylic Acid Market is expected to grow annually at a CAGR of around 4.50 % (2022-2028).

Through the primary research, it was established that the Acrylic Acid Market was valued at approximately USD 12.40 billion in 2021 and is projected to reach roughly USD 16.14 billion by 2028.

Acrylic acid is used to produce a wide variety of goods, including flat sheets, plastic extruded tubes, molded items, paints, and other industrial chemicals.

Paints, surface coatings, emulsion coatings, adhesives, and sealants are examples of applications where the industry has enormous potential.

The ROIC in this area is quite low, averaging around 9%. Furthermore, producing acrylic acid relies heavily on petroleum costs, and crude oil prices are a key influence in altering raw material prices.

They can frequently absorb their weight in fluids, making them excellent for water-absorbing applications such as newborn diapers, adult incontinence pads, absorbent medical dressings, and controlled release medications.

Over the projection period, rising derivatives use in surfactants, coatings, personal care products, and adhesives are predicted to boost regional growth.

Major chemical companies like Mitsubishi Chemical Corporation, Sumitomo Chemical, and others, Asia Pacific has become the largest acrylic acid exporter.

MR Accuracy reports published the latest report titled "Acrylic Acid Market By Derivative Type (Acrylic Esters, Acrylic polymer, Others), By Formulation (Water-borne Coating, Solvent-borne Coating, Solventless Coating, Powder Coating, Radiation Curable Coating), By End-user (Diapers, Surface Coatings Industry, Adhesives And Sealants Industry, Plastic Additives Industry, Water Treatment Industry, Textiles Industry, Surfactants Industry, and Others), and By Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2022 - 2028." into their research database.

Industry Dynamics:

Acrylic Acid Market: Growth Drivers

There is a growing need in the engineering plastics, copolymer, and paints sectors.

Acrylic acid is largely supplied to the engineering plastics, copolymers, paints, and coatings industries as raw ingredients. Acrylic acid is used to produce a wide variety of goods, including flat sheets, plastic extruded tubes, molded items, paints, and other industrial chemicals. Paints, surface coatings, emulsion coatings, adhesives, and sealants are examples of applications where the industry has enormous potential. Global manufacturing revenue growth is substantially impacting the global acrylic acid market, and new product development & innovation are creating new growth prospects.

Acrylic Acid Market: Restraints

Concerns about environmental and health hazards, as well as capital-intensive production hamper market expansion.

The manufacture of acrylic acid is a capital-intensive and sophisticated process. For example, land, labor, and machinery are three primary manufacturing variables necessary to produce acrylic acid. As a result, the initial investment is relatively expensive, as is the amount of money necessary to operate such firms. The rate of growth in return on invested capital (ROIC) has had a significant influence on market revenue growth. According to studies, the ROIC in this area is quite low, averaging around 9%. Furthermore, producing acrylic acid relies heavily on petroleum costs, and crude oil prices are a key influence in altering raw material prices.

Global Acrylic Acid Market: Opportunities

Growing demand for super absorbent polymers (SAP) in sanitary pads to drive market opportunities.

Superabsorbent polymers (SAPs) are ideal for sanitary items and diapers. They can frequently absorb their weight in fluids, making them excellent for water-absorbing applications such as newborn diapers, adult incontinence pads, absorbent medical dressings, and controlled release medications. In the worldwide situation, SAPs account for around 30% of total acrylic acid consumption. Acrylic acid and sodium hydroxide are used as raw ingredients to make polyacrylic acid, which is then used to make superabsorbent polymers.

Global Acrylic Acid Market: Segmentation

The global acrylic acid market is segregated based on derivative type, formulation, end-user, and region.

Based on derivative type, the market is segmented into acrylic ester, acrylic polymer, and others. Because of the rising usage of superabsorbent polymers by disposable diaper manufacturers, the acrylic polymer segment led the worldwide acrylic acid market in 2021 and is likely to retain its dominance over the forecast period.

Based on formulation, the global acrylic acid market is classified into water-borne coating, solvent-borne coating, solventless coating, powder coating, and radiation curable coating. In 2021, the solvent-borne coating category was expected to maintain its revenue share. The solvent-borne coating is an ester of acrylic acid that finds widespread use in plastics and polymers. Ethyl Acrylate is an organic compound utilized in polymer synthesis that is used as a raw ingredient in the manufacturing of high-density polyethylene (HDPE), low-density polyethylene (LDPE), and medium-density polyethylene (MDPE) (MDPE).

Based on end-user, the market is segmented into diapers, surface coatings industry, adhesives and sealants industry, plastic additives industry, water treatment industry, textiles industry, surfactants industry, and others. In 2021, the engineering plastics and copolymer segment will account for a greater revenue proportion. Acrylic acid is widely used as a raw ingredient in producing technical plastics and copolymers. Polypropylene (PP) and acrylic acid are blended to produce flat sheets, plastic extruded tubes, and molded items. Because acrylic acid is transparent and discoloration resistant, it is commonly used as a raw material in producing transparent plastic goods such as film, sheets, and tubes. Acrylic acid may also be used to make copolymers using process suspension polymerization

ICRWorld's Acrylic Acid Production market research report provides the newest industry data and industry future trends, allowing you to identify the products and end users driving Revenue growth and profitability.
The industry report lists the leading competitors and provides the insights strategic industry Analysis of the key factors influencing the market.
The report includes the forecasts, Analysis and discussion of important industry trends, market size, market share estimates and profiles of the leading industry Players.

Global Acrylic Acid Production Market: Product Segment Analysis
Acrylic Acid 100%
Acrylic Acid 80%
Acrylic Acid/Toluene

Global Acrylic Acid Production Market: Application Segment Analysis
Acrylic Ester
Superabsorbent
Water Treatment Agent
Detergent

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