Acrylic Acid Market Global Industry Conservation Review Demand Size Share Trend and Forecast To 2023

Acrylic Acid Market / Overview:

Global Acrylic acid Market is expected to grow with the CAGR 5.14 % of more than from 2018 to 2022, and with this it is predictable to cross USD 18,315 Million by 2022.

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.

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 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.

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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Segment Analysis:

Acrylic acid by type has been segmented into methyl acrylate, ethyl acrylate, butyl acrylate, 2-ethylhexyl acrylate, elastomers, superabsorbent polymers, and water treatment polymers. Superabsorbent polymer are one of the fastest growing segment and is growing with CAGR of 5.445% for the forecasted period.

They are mainly acrylic acid based polymer which are capable of absorbing more than 10 times of their own weight owing to this the market has been increasing tremendously, superabsorbent polymer are used in diapers, adult incontinence products, feminine hygiene products, agriculture and many others. The use of superabsorbent polymers revolutionized the diaper industry. Diaper manufacturers began to design diapers to take advantage of the amazing liquid retention ability of the polymer. Superabsorbent polymers absorb, and retain under a slight mechanical pressure, about 30 times their weight in urine. The swollen gel holds the liquid in a solid, rubbery state and prevents the liquid from leaking onto the babies’ skin and clothing.

Additionally, superabsorbent polymers is widely used in agriculture sector as well specifically in irrigation. Regions such as Iran, China, Europe, and USA, have extensively worked on utilizing SAP for increasing water use efficiency and enhancing crop yield. Various studies have strongly recommended that soil conditioning with Super Absorbent Polymers could be an innovative facet in the field of agriculture, which works as miniature water storage reservoirs. Thus, owing to these factors the market has been increasing tremendously for the forecasted period.

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

Key Player:

BASF,
The Dow Chemical Company,
Arkema,
NIPPON SHOKUBAI CO.,
LTD.,
LG chemicals.,
Shenyang Chemical Co Ltd's.,
Mitsubishi Chemical.

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