Acrylic Acid Market Set for Revenue Growth and Analysis through 2031 | BASF SE, Arkema SA & Nippon Shokubai Co. Ltd.

The Global Acrylic Acid Market size was worth US$ 11.30 billion in 2023 and is estimated to reach US$ 14.72 billion by 2031, growing at a CAGR of 3.52% during the forecast period (2024-2031).

DataM Intelligence has published a new research report on "Acrylic Acid Market Size 2024". The report explores comprehensive and insightful Information about various key factors like Segmentation, CAGR, business revenue competitive positioning of key companies, investigating elements such as product offerings, pricing strategies, financial performance, product portfolios, growth initiatives, and geographical reach. The purpose of this report is to provide a telescopic view of the current market size by value and volume, opportunities, and development status.

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Acrylic acid is a colorless, odorless organic compound with the chemical formula C₃H₄O₂. It is primarily used as a raw material in the production of superabsorbent polymers, coatings, adhesives, and various specialty chemicals. The compound is highly reactive, making it an essential building block in the synthesis of acrylate esters, which are used to produce acrylic plastics and resins. Acrylic acid is also a crucial ingredient in the manufacture of absorbent materials, such as diapers and feminine hygiene products, due to its ability to absorb and retain large amounts of liquid.

Key Developments:

➤ In January 2024, Arkema announced that it had received ISCC+ certification for its acrylic acid and ester production facility located in Taixing, Jiangsu Province, China. This certification is part of Arkema's commitment to decarbonizing the acrylic supply chain.

➤ In May 2023, NIPPON SHOKUBAI CO. LTD revealed that its subsidiary, PT. NIPPON SHOKUBAI, Indonesia, had launched a new acrylic acid factory in Cilegon, Banten, with an impressive annual production capacity of 100,000 metric tonnes.

Research Process:

Both primary and secondary data sources have been used in the global Acrylic Acid Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

List of the Key Players in the Acrylic Acid Market:

BASF SE, Arkema SA, Nippon Shokubai Co. Ltd., Evonik Industries, The DOW Chemical Company, LG Chem Ltd., Mitsubishi Chemical Holdings Corp., PJSC Sibur Holding, Sasol Ltd. and Hexion Inc.

Segment Covered in the Acrylic Acid Market:

By Derivative: Acrylic Esters, Acrylic Polymers, Others.
By Application: Surface Coatings, Adhesives and sealants, Plastic Additives, Sanitary Products, Textiles, Others.

Regional Analysis:

The global Acrylic Acid Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa.

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Regional Analysis:

The global Acrylic Acid Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. The report offers detailed insight into new product launches, new technology evolutions, innovative services, and ongoing R&D. The report discusses a qualitative and quantitative market analysis, including PEST analysis, SWOT analysis, and Porter's five force analysis. The Acrylic Acid Market report also provides fundamental details such as raw material sources, distribution networks, methodologies, production capacities, industry supply chain, and product specifications.

**The full version of the report includes an in-depth analysis of emerging players and startups, which will provide valuable insights into the evolving market landscape and key strategies being adopted**

Chapter Outline:

Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.

Chapter 2: key insights, key emerging trends, etc.

Chapter 3: Manufacturers competitive analysis, detailed analysis of Acrylic Acid manufacturers competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.

Chapter 4: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product revenue, gross margin, product introduction, recent development, etc.

Chapter 5 & 6: Revenue of Acrylic Acid in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and market size of each country in the world.

Chapter 7: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 8: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 9: Analysis of industrial chain, including the upstream and downstream of the industry.

Chapter 10: The main points and conclusions of the report.

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Frequently Asked Questions

Q1) How Big is the Acrylic Acid Market?

A) The Global Acrylic Acid Market size was worth US$ 11.30 billion in 2023 and is estimated to reach US$ 14.72 billion by 2031, growing at a CAGR of 3.52% during the forecast period (2024-2031).

Q2) Who are the key players of Acrylic Acid Market?

A) BASF SE, Arkema SA, Nippon Shokubai Co. Ltd., Evonik Industries, The DOW Chemical Company, LG Chem Ltd., Mitsubishi Chemical Holdings Corp., PJSC Sibur Holding, Sasol Ltd. and Hexion Inc.

Q3) What are the regions covered in this report?

A) The global Acrylic Acid Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa

4) What are the Segments Coverd in this report?

A) The Acrylic Acid market is segmented as Derivatives, Application and Region.

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