Press release
Acrylic Acid market will cross USD 18,315 Million by 2022
acrylic acid market
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
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.
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Regional Analysis
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
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Key Player
The key players of Acrylic acid market report includes, BASF, The Dow Chemical Company, Arkema, NIPPON SHOKUBAI CO., LTD., LG chemicals., Shenyang Chemical Co Ltd's., and Mitsubishi Chemical.
Table of Content
1 REPORT EXCERPTS
2 MARKET DEFINITION
3 RESEARCH METHODOLOGY
4 FORECAST INDICATORS
5 MARKET ANALYSIS
6 U.S.& GLOBAL PAINTS AND COATING, MARKET VALUE & VOLUME FORECAST (2011-2024) (USD $MILLION)
7 PAINTS AND COATING, BY PRODUCT MARKET VALUE & VOLUME FORECAST (2011-2024) (USD $MILLION)
8 MEDICAL VENTILATOR, BY REGION MARKET VALUE & VOLUME FORECAST (2011-2024) (USD $MILLION)
9 COMPANY LANDSCAPE
10 COMPANY PROFILE
11 MRFR CONSLUSION
12 APPENDIX
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MRFR team have the prime objective to provide optimum quality market research and intelligence services to our clients. Our market research studies depending on products, services, technologies, applications, end users, and market players for global, regional, and country level market segments enables our clients to know more consequently do more, which gives them answer for their each and every important question. In order to stay updated with technology and work process of the industry,
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