Press release
Exploring Trends and Growth Opportunities in the Acrylic Acid Market 2024-2030
Acrylic Acid Market
Allied Market Research published a report, titled, "Acrylic Acid Market by Derivative Type (Acrylic Esters, Acrylic Polymer, and Others), and End-User (Diapers, Surface Coatings Industry, Adhesives and Sealants Industry, Plastic Additives Industry, Water Treatment Industry, Textiles Industry, Surfactants Industry, and Others): Global Opportunity Analysis and Industry Forecast, 2021-2030: Global Opportunity Analysis and Industry Forecast, 2021-2030".
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Prime determinants of growth
Rapid increase in adhesives, increase in demand for superabsorbent polymers, and strong demand from emerging economies drive the growth of the global acrylic acid market. However, several regulatory issues hinder the market growth. On the other hand, commercialization of bio-based acrylic acid present new opportunities in the coming years.
Leading Market Players:
Mitsubishi Chemical Holdings Corporation
Arkema S.A.
BASF SE
The Dow Chemical Co.
The Lubrizol Corporation
Evonik, Industries Ag
LG Chem Ltd.
Myriant Corporation
Formosa Plastic Group
SIBUR
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Key Findings Of The Study
On the basis of derivative type, the acrylic polymer segment emerged as the global leader by acquiring more than 47.0% of the market share in 2020.
On the basis of end-user, the diapers segment emerged as the global leader by acquiring more than 27.0% of the market share in 2020.
On the basis of region, Asia-Pacific is the major consumer of acrylic acid among other regions. It accounted for around 53.7% of the global market share in 2020.
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The acrylic polymer segment to maintain its leadership status throughout the forecast period
Based on derivative type, the acrylic polymer segment held the highest market share in 2020, accounting for nearly half of the global acrylic acid market, and is estimated to maintain its leadership status throughout the forecast period. Moreover, the same segment is projected to manifest the highest CAGR of 5.0% from 2021 to 2030, due to increase in adoption of superabsorbent polymers by the manufacturers of disposable diapers.
The diapers segment to maintain its lead position during the forecast period
Based on end user, the diapers segment accounted for the largest share in 2020, contributing to more than one-fourth of the global acrylic acid market, and is projected to maintain its lead position during the forecast period. Moreover, the same segment is expected to portray the largest CAGR of 5.9% from 2021 to 2030, owing to growth in urbanization and rapid rise in consumers' disposable income.
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Asia-Pacific, followed by North America, to maintain its dominance by 2030
Based on region, Asia-Pacific, followed by North America, held the highest market share in terms of revenue 2020, accounting for more than half of the global acrylic acid market. Moreover, the same region is expected to witness the fastest CAGR of 5.2% during the forecast period, owing to a relatively large adult population.
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Related Reports:
Premium Salicylic Acid Market : https://www.alliedmarketresearch.com/premium-salicylic-acid-market
Propionic Acid Market : https://www.alliedmarketresearch.com/propionic-acid-market
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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