Acrylic Acid Market Potential Growth, Share, Demand and Analysis of Key Players & Forecasts to 2032 | Arkema, BASF, CNPC, Dow Chemical Co., Formosa Plastics Co., Jiangsu Jurong Chemical Co, LG Chemical, Mitsubishi Chemical, Momentive Specialty Chemicals c

Acrylic Acid Market report covers share, size, and forecast by top players, regions, applications, and product types, and forecast from 2023 to 2032, along with historical data. The Acrylic Acid Market study covers in-depth insights on competitive scenario, description, wide product portfolio of key vendors, SWOT analysis, business strategy adopted by competitors, revenue, Porter's Five Forces Analysis, and sales estimates. The report's primary objective is to supply a further illustration of the newest scenario, economic slowdown, and War situations impact on the overall industry and exhaustive scope to cover all the possible segments helping every stakeholder in the Acrylic Acid market.

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Acrylic acid is an organic compound with a tart or acrid odor. Acrylic acid is used as a feedstock for the production of acrylate esters. Acrylate ester has various applications including Paper treatment, plastic additives, textiles, sealants, adhesives, and surface coatings. In addition, acrylic acid is also utilized in the production of sanitary medical devices, detergents, and wastewater treatment chemicals. Industries are developing and commercializing processes for producing acrylic acid from petrochemicals. Due to stringent regulations on commercial usage of acrylic acid, producers are turning to bio-based techniques to produce acrylic acid and acrylates from renewable resources such as glycerol and sugar. When compared to petrochemical techniques, renewable feedstock produces cost-competitive results.

Recent Development:

• In April 2022, Wanhua announced that the company will spend USD 3.6 billion to build a chemical complex in China by 2024. This complex will also make propylene oxide, polyether polyols, acrylic acid, polypropylene and others.
• In August 2021, BASF and SINOPEC decided to expand their Verbund site operated by BASF-YPC Co. Ltd, a 50-50 joint venture of both companies in Nanjing, China. It includes the capacity expansion of several downstream chemical plants, including a new tert-Butyl acrylate plant to support the growing Chinese market.
• In September 2020, LG Chem announced that the company has planned to build additional acrylic acid purification units to increase the capacity of its complex in Yeosu, South Korea, to 160,000 tons of high-purity acrylic acid annually. LG Chem contacted Sulzer Ltd to deliver the required acrylic-acid crystallization equipment.

Acrylic Acid Market Players

The Top Leading Key Companies are Arkema, BASF, CNPC, Dow Chemical Co., Formosa Plastics Co., Jiangsu Jurong Chemical Co, LG Chemical, Mitsubishi Chemical, Momentive Specialty Chemicals co, Nippon Shokubai, Shenyang Chemical Co. Ltd., SIBUR, Sinopec, TASNEE, Zhejiang Chemical

Segment Analysis

By identifying these segments, marketing strategies can be developed to meet the priorities in a cost-effective way. Acrylic Acid Market is segmented
By Product (Acrylate Esters, Glacial Acrylic Acid)
By End-Use (Surfactants and Surface Coatings, Organic Chemicals, Adhesives, Textiles, Water Treatment, Personal Care Products)

Regional Analysis:

➸ North America (United States, Canada and Mexico)
➸ Europe (Germany, UK, France, Italy, Russia and Turkey, Rest of Europe)
➸ Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam Rest of Asia)
➸ South America (Brazil, Argentina, Columbia, Reset of South America)
➸ Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and Rest of South Africa & Middle East)

Purchase this report for the following reasons:

• The Acrylic Acid Market research provides a detailed examination of evolving competitive dynamics.
• It provides a forward-looking viewpoint on numerous driving variables or market evolution prevention strategies.
• It presents a Ten-year prediction based on how the Acrylic Acid Market is expected to expand. It aids in the knowledge of major product areas and their future prospects in the Acrylic Acid industries.
• It gives a precise understanding of changing competitive dynamics and keeps one-step ahead of the competition.
• It assists in making informed commercial decisions by providing complete market insights and extensive market segment analyses.

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