Press release
Acrylic Acid Market is expected to be growing at a CAGR of ~5% through 2033 | Key Players are BASF SE, Dow Chemical and more
The market report conjectures for the impending business sector situation in light of the item type, acrylic esters application, acrylic polymers application, and area. The worldwide acrylic corrosive market is supposed to be esteemed at ~US$ 19,700 Mn as far as worth toward the finish of 2023, and is assessed to see a solid CAGR of ~5% through the following ten years.
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The paints and coatings industry has seen hearty development across the globe. There has been a critical ascent in the interest for paints and coatings across different districts, particularly in South Asia and East Asia because of the fast modern and expanding development exercises. Legislatures of emerging nations, for example, China and India are likewise putting resources into working on the nation's foundation, which is a main consideration driving the interest for paints and coatings, bringing about supporting the interest for acrylic corrosive from the paints and covering industry. Besides, the utilization of acrylic corrosive for coatings in material driving the interest for acrylic corrosive from the material business.
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Key Companies
• BASF SE
• Dow Chemical
• Lucite International
• LG Chem
• Mitsubishi Chemical Corporation
• Cargill, Incorporated
• Nippon Shokubai Co., Ltd.
• SNP Inc.
Utilizations of acrylic corrosive and its subsidiaries, for example, methacrylate, as a glue is filling in auto and opposite end-use enterprises because of its properties like superb soundness, strength, and obstruction. In this way, the glues and sealants portion is expected to be a central point in driving the interest for acrylic corrosive and its subordinates like esters and different business sectors over the figure period. Rigid guidelines about the assembling of lightweight vehicles have likewise expanded the use of cutting edge sticky materials, which brings about driving the acrylic corrosive market.
Key Questions Answered in the Report
• How has the acrylic acid market evolved in the past four years?
• What shape is the acrylic acid market expected to take in terms of volume and value during the study period?
• What are the key dynamics of the acrylic acid market?
• What are some of the primary macroeconomic and industry factors that are impacting the growth of the acrylic acid market?
• What are the important key challenges, opportunities, and improvement factors for market players?
• What are the important market positioning and key strategies of major manufacturers for the acrylic acid market as per the market taxonomy?
• What is the acrylic acid consumption scenario of the global acrylic acid market in terms of value and volume?
Acrylic Acid also used in agriculture industry. It is harmless, non-polluting and has super water absorbing and water preserving ability, while the absorbed water cannot be squeezed out in simply physical ways and it can release absorb water repeatedly. Reduction in prices, wider product portfolio along with long shelf life and long-term supply relations with the chemical companies to build a competitive edge in the market.
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Worldwide makers of acrylic corrosive and its subsidiaries are going into long haul supply contracts with significant end clients, like PMMA producers, paints and coatings enterprises, and glues producers. Makers are likewise going into direct stock agreements with end clients, for example, gadgets producers, significant development organizations and car OEMs, which bring about making a positive effect on the acrylic corrosive market. Producers are likewise going into organizations with nearby merchants, significantly in the non-industrial nations of Asia Pacific, for example, India, which are exclusively reliant upon the import of these synthetics.
Table of Content of this Report:
• Acrylic Acid Market Overview and Analysis [ Market Size | Market Y-o-Y Growth | Market Dynamics]
• Acrylic Acid Market Overview and Analysis [ Supply Chain | Cost Structure | Pricing Analysis | Raw Material Sourcing Strategy and Analysis | List of Distributors]
• Global Acrylic Acid Market Analysis and Forecast By Product Type
• Global Acrylic Acid Market Analysis and Forecast By Application Type
• Global Acrylic Acid Market Analysis and Forecast By Region [ Europe | North America | APAC | Middle East and Africa]
• Global Acrylic Acid Market Company Share, Competition Landscape and Company Profiles
• Research Methodology
• Secondary and Primary Sources
• Assumptions and Acronyms
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The Chemicals and Materials division of Persistence Market Research offers distinct and pin-point analysis about chemicals and materials industry. Chemical coverage extends from commodity, bulk, specialty and petrochemicals to advanced materials, composites and nanotechnology in particular with special emphasis on 'green alternatives', recycling and renewable technology developments, supply-demand-trade assessment. Our research studies are widely referred by chemical manufacturers, research institutions, channel partners and government bodies for developing - 'The Way Forward'.
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