Acrylic Acid Market Trends 2024-2031: Key Insights from BASF SE and Nippon Shokubai

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).

Acrylic Acid Market report, published by DataM Intelligence, provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. Committed to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. Through a combination of qualitative and quantitative research methods, it offers comprehensive reports that help clients navigate complex market landscapes, drive strategic growth, and seize new opportunities in an ever-evolving global market.

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The Acrylic Acid Market refers to the global industry surrounding the production, distribution, and application of acrylic acid, a key chemical used in manufacturing superabsorbent polymers, adhesives, paints, and coatings. Driven by demand from sectors like hygiene products, construction, textiles, and automotive, the market continues to expand steadily.

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.

Industry Development:

In January 2024, Arkema announced that it had achieved ISCC+ certification for its acrylic acid and ester production facility in Taixing, Jiangsu Province, China. This milestone is part of the company's ongoing efforts to decarbonize the acrylic supply chain and enhance its sustainability initiatives.

Assessing the Effects of U.S. Tariffs on the Market

The U.S. tariff war is reshaping how businesses analyze trends and make strategic decisions. As tariffs drive up costs and disrupt supply chains, companies are increasingly focused on understanding consumer behavior, identifying new sourcing opportunities, and adjusting their operations to remain competitive. The ongoing uncertainty has created a stronger demand for timely insights and data-driven strategies to navigate shifting trade dynamics and economic pressures.

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.

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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 for Acrylic Acid Market:

The regional analysis of the Acrylic Acid Market covers key regions including North America, Europe, Asia Pacific Middle East and Africa and South America. The North America with a focus on the U.S., Canada, and Mexico; Europe, highlighting major countries like the U.K., Germany, France, and Italy, along with other nations in the region; Asia-Pacific, covering India, China, Japan, South Korea, and Australia, among others; South America, with emphasis on Colombia, Brazil, and Argentina; and the Middle East & Africa, which includes Saudi Arabia, the U.A.E., South Africa, and other countries. This comprehensive regional breakdown helps identify unique market trends and growth opportunities specific to each area.

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Benefits of the Report:

➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.

➡ Top-down and bottom-up approach for regional analysis

➡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.

➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market

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People Also Ask:

➠ What is the global sales, production, consumption, import, and export value of the Acrylic Acid market?

➠ Who are the leading manufacturers in the global Acrylic Acid industry? What is their operational status in terms of capacity, production, sales, pricing, costs, gross margin, and revenue?

➠ What opportunities and challenges do vendors in the global Acrylic Acid industry face?

➠ Which applications, end-users, or product types are expected to see growth? What is the market share for each type and application?

➠ What are the key factors and limitations affecting the growth of the Acrylic Acid market?

➠ What are the various sales, marketing, and distribution channels in the global industry?

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