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Global Acrylic Acid Market to Witness Impressive CAGR of 5.0% from 2023 to 2029
Acrylic Acid Market
In this report, Persistence Market Research (PMR) provides a comprehensive analysis of the global acrylic acid market from 2014-2018 and forecast period 2019-2029. The objective of this report is to offer extensive insights and analysis related to the acrylic acid market. This report offers a widespread analysis of the Acrylic Acid market in terms of market volume (Kilo tons), value (US$ Mn), and growth on the basis of segmentation, which comprises of product type, acrylic ester application, acrylic polymer/copolymer application and region. The Acrylic Acid market study considered 2018 as the base year, with the estimation of market values for 2019 and a forecast made for the period of 2019 to 2029. The Compound Average Growth Rate (CAGR) has been represented from 2019 to 2029.
The Acrylic Acid market study includes the market viewpoint, market dynamics, manufacturing process, value chain analysis and an analysis of the industry growth, along with segmental-level projections. According to proficient experts and key points of the report, the global Acrylic Acid market is estimated to grow at a CAGR of above 4.7% between 2019 and 2029 in terms of value.
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The report on Acrylic Acid analyses the market at a national as well as international level through market segmentation on the basis of its product type, acrylic esters application, acrylic polymer application and region. The key objective of the Acrylic Acid market report is to deliver important insights on the ongoing trends, growth rates, market potential, regional footprint of the players, competition dashboard, and other significant information & figures in an appropriate manner to clients and different investors in the Acrylic Acid market.
Acrylic acid, also known as propionic acid, is the simplest carboxylic acid. Currently, two main technologies are used for the production of acrylic acid and its derivatives, i.e. esters-propylene oxidation technology and acetylene Reppe technology. Some processes such as oxidation from propane and bio-based process based on lactic acid are yet to be commercialized. Acrylic acid (GAA) is a clear, colorless liquid, and having similar odor like acetic acid & is highly reactive compound
The global Acrylic Acid market is highly fragmented due to the presence of major global player as well as domestic market players across the globe, who are adopting various strategies such as expansion, collaboration etc. to establish their footprint in the market. Some of the key market participants highlighted in the global Acrylic Acid market report are BASF SE, Dow Chemicals, Formosa Plastic Corp., Mitsubishi Chemical Holdings Corporation, Nippon Shokubai, Arkema, LG Chem, and Lubrizol among other
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The report is structured to provide readers to develop an in-depth knowledge and insight of the Acrylic Acid market. The report start with market definitions including the definition of segments, and market viewpoints that include macroeconomic factors, forecast factor and market dynamics (drivers, restraints, and trends), Key success factor regional market analysis, key segments, and Market Value Share Analysis by major players.
Every section of the Acrylic Acid market report covers a qualitative as well as quantitative portion of the market on the basis of date & facts, and key opinions collected from market participants through the following of trends as well as interviews.
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𝐓𝐡𝐞 𝐠𝐥𝐨𝐛𝐚𝐥 𝐚𝐜𝐫𝐲𝐥𝐢𝐜 𝐩𝐨𝐥𝐲𝐦𝐞𝐫 𝐦𝐚𝐫𝐤𝐞𝐭 𝐰𝐚𝐬 𝐯𝐚𝐥𝐮𝐞𝐝 𝐚𝐭 𝐚𝐩𝐩𝐫𝐨𝐱𝐢𝐦𝐚𝐭𝐞𝐥𝐲 𝐔𝐒𝐃 𝟐𝟎 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 𝐢𝐧 𝟐𝟎𝟐𝟐 𝐚𝐧𝐝 𝐢𝐬 𝐩𝐫𝐨𝐣𝐞𝐜𝐭𝐞𝐝 𝐭𝐨 𝐫𝐞𝐚𝐜𝐡 𝐔𝐒𝐃 𝟑𝟔.𝟗 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 𝐛𝐲 𝟐𝟎𝟑𝟐, 𝐠𝐫𝐨𝐰𝐢𝐧𝐠 𝐚𝐭 𝐚 𝐜𝐨𝐦𝐩𝐨𝐮𝐧𝐝 𝐚𝐧𝐧𝐮𝐚𝐥 𝐠𝐫𝐨𝐰𝐭𝐡 𝐫𝐚𝐭𝐞 (𝐂𝐀𝐆𝐑) 𝐨𝐟 𝟔.𝟒% 𝐟𝐫𝐨𝐦 𝟐𝟎𝟐𝟑 𝐭𝐨 𝟐𝟎𝟑𝟐.
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