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Acrylic Acid Market worth $20.21 billion by 2030, growing at a CAGR of 6.63% - Exclusive Report by 360iResearch
Acrylic Acid Market | 360iResearch
The Global Acrylic Acid Market to grow from USD 12.89 billion in 2023 to USD 20.21 billion by 2030, at a CAGR of 6.63%.
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Acrylic acids are used in producing acrylic esters and resins, primarily used in coatings and adhesives in various industries. The need for improved performance characteristics in various sectors such as construction, manufacturing, and healthcare industries further accelerates the consumption of acrylic acid-based products. However, market growth faces challenges due to fluctuating raw material prices, stringent environmental regulations, and health hazards associated with exposure to acrylic acid. Furthermore, increasing investments in R&D for bio-based alternatives and exploring novel applications for acrylic acid derivatives are expected to generate lucrative opportunities in the future.
The Americas region showcases a robust demand for acrylic acid due to its extensive applications in personal care products, adhesives, paints, and coatings. The presence of regional manufacturers and expanding end-user industries are developing demand for acrylic acid in the Americas. Stringent environmental regulations in Europe, the Middle East, and Africa have led to research initiatives to develop bio-based alternatives to petrochemical-derived acrylic acid. The Middle East & African region's acrylic acid market is characterized by a rapidly expanding construction industry, driving demand for paint and coating products that utilize acrylic acid polymers. The Asia Pacific region represents high consumption and production capacity for acrylic acid. Rapid industrialization and urbanization have spurred demand across multiple sectors, such as textiles, detergents, and water treatment. The government's initiatives to curb pollution have led to the development of cleaner technologies for acrylic acid production.
Market Segmentation & Coverage:
This research report categorizes the Acrylic Acid Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Derivative, market is studied across Acrylic Esters, Acrylic Polymers, Ammonium Polyacrylate, and Polycyanoacrylate. The Acrylic Esters is further studied across 2-Ethylhexyl Acrylate, Benzyl Acrylate, Butyl Acrylate, Ethyl Acrylate, Hydroxypropyl Acrylate, Methyl Acrylate, and Specialty Acrylates. The Acrylic Polymers is further studied across Acrylic Elastomers, Superabsorbent Polymers, and Water Treatment Polymers. The Acrylic Esters is projected to witness significant market share during forecast period.
Based on Applications, market is studied across Acrylic Esters and Acrylic Polymers. The Acrylic Esters is further studied across Adhesives & Sealants, Detergents, Plastic Additives, Surface Coatings, and Textiles. The Acrylic Polymers is further studied across Adult Incontinence & Personal Care Products, Diapers & Training Pants, and Water Treatment. The Acrylic Esters is projected to witness significant market share during forecast period.
Based on End-User, market is studied across Consumer Goods, Healthcare & Hospitals, Paints & Chemical, and Plastic. The Paints & Chemical is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa commanded largest market share of 36.52% in 2023, followed by Asia-Pacific.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Acrylic Acid Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Acrylic Acid Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Acrylic Acid Market, highlighting leading vendors and their innovative profiles. These include Arkema Group, BASF SE, Bharat Petroleum Corporation Limited, Celanese Corporation, Central Drug House (P) Ltd., Covestro AG, Daicel Corporation, Dow Chemical Company, Eastman Chemical Company, Evonik Industries AG, INEOS AG, LG Chem Ltd., Libra Speciality Chemicals Limited, Lubrizol Corporation, LyondellBasell Industries Holdings B.V., Mitsubishi Chemical Corporation, Mubychem Group, NIPPON SHOKUBAI CO., Ltd., Parasol Chemicals Limited, Shandong Chuangying Chemical Co., Ltd., SIBUR International GmbH, Solvay SA, Wacker Chemie AG, WALGLAS GROUP, and WEGO CHEMICAL GROUP.
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Acrylic Acid Market, by Derivative
7. Acrylic Acid Market, by Applications
8. Acrylic Acid Market, by End-User
9. Americas Acrylic Acid Market
10. Asia-Pacific Acrylic Acid Market
11. Europe, Middle East & Africa Acrylic Acid Market
12. Competitive Landscape
13. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Acrylic Acid Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Acrylic Acid Market?
3. What is the competitive strategic window for opportunities in the Acrylic Acid Market?
4. What are the technology trends and regulatory frameworks in the Acrylic Acid Market?
5. What is the market share of the leading vendors in the Acrylic Acid Market?
6. What modes and strategic moves are considered suitable for entering the Acrylic Acid Market?
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