United States Acrylic Acid Market 2031 | Growth Drivers, Trends & Market Forecast, Competitive Landscape & Investment Opportunities

Market Size and Growth

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).

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Key Development:

United States: Recent Acrylic Acid Developments
✅ In December 2025, Nippon Shokubai's U.S. group company acquired ISCC PLUS certification for acrylic acid and superabsorbent polymer products manufactured locally, enabling the supply of biomass‐derived acrylic acid with significantly reduced carbon footprint.

Japan: Recent Acrylic Acid Developments

✅ In June 2025, Nippon Shokubai Group secured ISCC PLUS certification in the U.S. for acrylic acid, establishing a globally certified biomass‐derived supply system that includes Japanese operations and enhances sustainability credentials for Japanese producers in North America.

Key Players:

=> 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.

Key Segments:

By Derivative

Acrylic Esters - 40% share, widely used in adhesives, coatings, and plastic additives due to their excellent durability and weather resistance.
Acrylic Polymers - 35% share, preferred for surface coatings, textiles, and specialty applications for their flexibility and strength.
Others - 25% share, includes specialty acrylic derivatives for niche industrial and consumer applications.

By Application

Surface Coatings - 30% share, driven by demand for durable paints and protective coatings in construction and automotive sectors.
Adhesives and Sealants - 20% share, growth supported by industrial manufacturing and construction activities.
Plastic Additives - 15% share, used for enhancing properties of plastics in packaging and consumer goods.
Sanitary Products - 10% share, includes applications in hygiene and healthcare products.
Textiles - 15% share, adoption in fabric finishing and performance textiles.
Others - 10% share, includes inks, printing, and specialty industrial applications.

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By Region

North America - 25% Share
Strong demand in automotive coatings, construction, and industrial adhesives.

Europe - 30% Share
High adoption due to environmental regulations and sustainable coating initiatives.

Asia Pacific - 35% Share
Fastest-growing market, driven by infrastructure development, packaging, and textile industries.

Latin America - 5% Share
Moderate adoption, with opportunities in surface coatings and adhesives.

Middle East & Africa - 5% Share
Emerging market with growth potential in construction, packaging, and industrial applications.

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FAQ

What is the current size of the Acrylic Acid Market?

A: In 2023, the Acrylic Acid Market was valued at US$ 11.30 billion, reflecting its strong industry presence.

Q2: How large is the Acrylic Acid Market expected to be by 2031?

A: By 2031, industry forecasts suggest the Acrylic Acid Market will grow to around US$ 14.72 billion, demonstrating significant expansion.

Q3: What is the growth rate of the Acrylic Acid Market?

A: The market is projected to expand at a compound annual growth rate (CAGR) of 3.52% during the forecast period from 2024 to 2031.

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