Acrylic Acid Market Future Business Scope Analysis Report: Marketing Strategy, Growth Insights, Revenue Boom, and CAGR Forecast (2025-2034)

Acrylic Acid Market

In 2024, the value of the acrylic acid market was estimated to be USD 14.12 billion. The market is expected to grow from a value of USD 14.65 billion in 2025 to USD 20.66 billion in 2034, with a CAGR of 3.9% between the forecast period.

Report Scope

To present a comprehensive analysis of the acrylic acid market, the report mainly emphasizes on most recent developments, revenue generated, market trends, major market participants, growth promoters, and regional analysis.

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What Is Acrylic Acid?

Acrylic acid is a colorless, corrosive, and highly reactive liquid organic compound with the chemical formula CH2=CHCOOH, also known as 2-propenoic acid, propene acid, ethylene carboxylic acid, and vinyl formic acid. It is miscible with water, alcohols, ethers, and chloroform. It can react with itself to form polyacrylic acid. It can be reacted with alcohol to form acrylates (esters). It's a simple unsaturated acid that is primarily used as a building block for polymers, which are then used to create plastics, coatings, adhesives, paints, and other materials due to its ability to readily polymerize (form long chains) when combined with other monomers. It is considered corrosive and can be irritating to skin and eyes if not handled properly.

Growth Drivers and Opportunities

✔︎ The demand for acrylic acid is fueled by increasing industrialization in developing countries.
✔︎ The increasing global population is expected to drive the growth of the worldwide acrylic acid market.
✔︎ The rising application of acrylic acid in construction items like adhesives, sealants, and coatings is anticipated to enhance market growth.
✔︎ The advancements in manufacturing technologies are expected to drive the growth of global market revenue.
Key Players in Market

Key market participants are significantly channeling resources into research and development to enhance their product range, which will further propel the growth of the acrylic acid sector. A few of the main participants are:

Shanghai Huayi Acrylic Acid Co., Ltd
NIPPON SHOKUBAI CO., LTD.
Dow
Sinopec
Formosa Plastics Corporation
Sasol
Wanhua
Vigon International, LLC.
SMC
BASF
Arkema
LG Chem

Regional Analysis

In 2024, Asia Pacific accounted for the highest acrylic acid market share because of its industrial advancement, swift urbanization, and increasing population.

The market for acrylic acid in Europe is anticipated to experience a notable CAGR over the forecast period, owing to innovations in sustainable production methods and a growing emphasis on eco-friendly chemicals.

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Segmental Overview

Acrylic Acid Market, Derivative Outlook (Revenue - USD Billion, 2020-2034)

Acrylate Esters
Glacial Acrylic Acid
Others

Acrylic Acid Market, Application Outlook (Revenue - USD Billion, 2020-2034)

Surfactants & Surface Coatings
Organic Chemicals
Adhesives and Sealants
Textiles
Water Treatment
Personal Care Products
Others

Acrylic Acid Market Report Highlights
✔︎ In terms of derivative, the glacial acrylic acid segment is expected to grow at a robust pace in the coming years, owing to its critical role as a raw material for superabsorbent polymers, which are widely used in personal care products.
✔︎ Based on application, the personal care products segment dominated the market share in 2024 due to the increasing demand for hygiene products such as diapers and sanitary pads, which rely on superabsorbent polymers derived from acrylic acid.
✔︎ In the global market, the Asia Pacific acrylic acid market has the highest revenue share in 2024 due to industrial growth, rapid urbanization, and a rising population. Countries such as China and India led this dominance due to their expanding construction, automotive, and personal care industries.
✔︎ The Europe acrylic acid market is expected to witness a significant CAGR during the forecast period due to advancements in sustainable production technologies and an increasing focus on environmentally friendly chemicals.
✔︎ Some of the global key market players are Shanghai Huayi Acrylic Acid Co., Ltd; NIPPON SHOKUBAI CO., LTD.; Dow; Sinopec; Formosa Plastics Corporation; Sasol; Wanhua; Vigon International, LLC.; SMC; BASF; Arkema; and LG Chem

FAQ's
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