Press release
Acrylic Acid Market Worth to USD18, 315.3 Million by 2022 - BASF, The Dow Chemical Company, Arkema and Mitsubishi Chemical
Market Highlights
Acrylic acid, a specialty petrochemical which has formula CH2=CHOOH and CAS (Chemical Abstracts Services) Number 79-10-7. It is produced from propylene which is a byproduct of ethylene and gasoline production. Properties of acrylic acid includes colorless liquid, adaptable to low temperature, good weather ability, acidic odor easily miscible with water, alcohols, ethers, and chloroform. Owing to such properties the use is diverse in number of applications, namely surface coatings, sealants & adhesive, agriculture, plastic sheets, diapers and others
The manufacturing sector in India is still growing and adhesive industry’s growth is directly aligned with the country’s manufacturing growth. The adhesives market in India is growing on account of new product developments, which require joining of two similar or dissimilar substrates. Industrial adhesives are replacing mechanical fastener for bonding requirements, and the demand for these adhesives is expected to grow in line with the country’s manufacturing growth.
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Key Findings
• The global acrylic acid market is expected to reach USD 18,315.3 million by 2022
• Regionally, North- America has the largest market of USD 4,947.7 million by 2022
• China accounted for the largest market share of 58.00% in 2014, with a market value of USD 2,635.5 Million and is projected to grow at the highest CAGR of 5.53% during the forecast period. India was the second-largest market in 2014, valued at USD 681.6 Million in 2014; it is projected to grow at a CAGR of 5.24%.
• Diaper market accounted for the largest market share registering CAGR of 5.85% during the forecasted period
• On basis of type segment, superabsorbent polymers holds the market share of 19% in 2015
Market Scenario
Water based adhesives are typically composed of adhesive polymers and acrylic monomers. Monomers commonly used in water based adhesives are butyl acrylates, 2-ethyexyl acrylate, methacrylate acrylic acid and many others. Water-based adhesives are projected to hold a share of around 42% of the country’s adhesives market by the end of 2019. With upcoming infrastructural projects such as railway tracks, metro rails as well as new wind energy farms, the country is set to witness a strong growth in the adhesives industry over the next five years. Also, automotive adhesives are expected to witness growth as the demand for light weighting and composite joining adhesives from automobile manufacturers continuing to increase.
Key Player
• BASF
• The Dow Chemical Company
• Arkema
• NIPPON SHOKUBAI CO., LTD.
• LG chemicals.
• Shenyang Chemical Co Ltd's.
• Mitsubishi Chemical
Regional Analysis
“Asia-Pacific is projected to be the largest market during the forecast period”
As per MRFR analysis Asia Pacific dominated the global acrylic acid market and has accounted for the largest share of the market in 2014. Asia Pacific market is followed by Europe and North America. Moreover, Asia Pacific acrylic acid market will witness growth above average with respect to demand of the same throughout the forecast period driven by strong growth in China and India due to the growing construction and building industry.
In terms of volume, Middle East, Africa and Asia Pacific are expected to witness robust growth during the forecast period. Availability of cheap labor, favorable weather conditions and governmental support are some of the factors driving the emulsion polymers market in these regions. Latin America, Europe and North America are also expected to experience significant growth of emulsion polymer market in near future.
Scope of the Study
The scope of the study categorizes the acrylic acid market as type, and application.
By Type
• Methyl Acrylate
• Ethyl Acrylate
• Butyl Acrylate
• 2-Ethylhexyl Acrylat
• Elastomers
• Superabsorbent Polymers
• Water Treatment Polymers
By Application
• Adhesives
• Diaper
• Paper coating
• Paint industry
• Cement modifiers
• Others
Table of Content
1 Executive Summary
2 Scope of the Report
3 Market Research Methodology
4 Market Landscape
4.1 Five Forces Analysis
4.2 Value Chain/Supply Chain of Global Acrylic acid Market
5 Industry Overview of Global Acrylic acid Market
6 Market Trends
7. Global Acrylic acid Market by Region
8. Global Acrylic acid Market by Type (Methyl Acrylate, Ethyl Acrylate, Butyl Acrylate, 2-Ethylhexyl Acrylate, Elastomers, Superabsorbent Polymers, and Water Treatment Polymers)
9. Global Acrylic acid Market by Application (Adhesives, Diaper, Paper coating, Paint industry, Cement modifiers and others)
10. Company Profiles
10.1 BASF
10.2 The Dow Chemical Company
10.3 Arkema
10.4 Nippon shokubai co., ltd
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List of Tables
Table 1 World Population by Major Regions (2015 To 2030) (Million)
Table 2 Global Acrylic acid Market: By Region, 2014-2022 (USD Million)
Table 3 North America Acrylic acid Market: By Country, 2014-2022 (USD Million)
Table 4 Europe Acrylic acid Market: By Country, 2014-2022 (USD Million)
Table 5 Asia-Pacific Acrylic acid Market: By Country, 2014-2022 (USD Million)
Table 6 Row Acrylic acid Market: By Country, 2014-2022 (USD Million)
Table 7Global Acrylic acid by Type Market: By Regions, 2014-2022 (USD Million)
Table 8 North America Acrylic acid by Type Market: By Country, 2022 (USD Million)
Table 9 Europe Acrylic acid by Type Market: By Country, 2014-2022 (USD Million)
Table 10 Asia-Pacific Acrylic acid by Type Market: By Country, 2022 (USD Million)
About Market Research Future
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
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