The Global Acrylic Acid Market has been projected to grow at the CAGR of 6.54% market during 2017-2025. In 2016, the market has generated the revenue of $ 11,006.6 million and is expected to reach $ 18,824.0 million in terms of revenue by 2025.
The market is witnessing growth on the back of rising demand from the end use applications. Moreover, rapid expansion of different end use applications for acrylic acid are the factors driving the market growth. Untapped economies also offers huge growth potential. Health hazards and environmental concerns associated with acrylic acid is one of the major factors inhibiting the market growth.
Market Segment Insights
On the basis of applications, the acrylic acid market is classified into acrylates, SAPs and others. The acrylates include surface coating, adhesives, resin modifiers and others. The SAP’s includes baby diaper, adult incontinence, feminine hygiene and others. The others markets includes polymer modifiers, inks, water treatment and paper processing among others. The market was dominated by acrylates applications but growth is projected to the fastest from the SAPs applications. Its wide range of use supports growth rate marginally higher than GDP.
Asia Pacific is the largest market globally and is expected to grow at the highest rate in terms of revenue and volume from 2017 to 2025. The region accounts for a major share of the acrylic acid market and is the largest producer of acrylic acid, globally. China is the largest and fastest-growing market for acrylic acid in the region. India is expected to have capacity additions by 2017 through which it shall be able to meet its domestic demand and not depend on imports from China, Japan, or Europe. The use of acrylic acid derivatives in industries, such as the construction, paints, and personal care products are expected to have higher growth rates in Asia Pacific followed by Latin America and Middle East and Africa in the next five years. North America is the second largest market for acrylic acid followed by Europe.
Market Competition Assessment:
The major players currently operating in the global acrylic acid market include Arkema Group, Arko-Plastic GmbH, BASF SE, DuPont EI De Nemours & Co., EMS-CHEMIE HOLDING AG, Eurotec, Evonik Industries AG, PlastiComp, Inc., Polyone Corporation, Propolymers, Inc., SABIC, and Solvay S.A.
Chapter 1 Preface
1.1 Report Description
1.1.1 Purpose of the Report
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Research Scope
1.3 Research Methodology
1.3.1 Phase I – Secondary Research
1.3.2 Phase II – Primary Research
1.3.3 Phase III – Expert Panel Review
Chapter 2 Executive Summary
2.1 Acrylic Acid Market Portraiture
2.2 Acrylic Acid Market, by Product Type, 2016 (Kilo Tons) ($ Million)
2.3 Acrylic Acid Market, by Application, 2016 (Kilo Tons) ($ Million)
2.4 Acrylic Acid Market, by Geography, 2016 (Value %)
Chapter 3 Global Acrylic Acid Market Analysis
3.1 Global Acrylic Acid Market Overview
3.2 Prevalence of Acrylic Acid
3.3 Market Dynamics
3.3.1 Market Drivers
220.127.116.11 Increasing demand from emerging markets and high demand from the surface coatings and diaper application segments
18.104.22.168 Variations in raw material costs
3.4 Attractive Investment Proposition
3.5 Competitive Analysis: Global Acrylic Acid Market, 2015 (Value %)
Chapter 4 Global Acrylic Acid Market, by Application, 2015-2025 (Million Tons) ($ Million)
4.2 Saps (Baby Diaper, Adult Incontinence, Feminine Hygiene And Others)
4.3 Others (Polymer Modifiers, Inks, Water Treatment And Paper Processing Among Others)
Chapter 5 Global Acrylic Acid Market, by Geography, 2015-2025 ($ Million)
5.2 North America (U.S. & Canada)
5.3 Europe (U.K., Germany & Rest of Europe)
5.4 Asia Pacific (China, Japan, Singapore, South Korea and Rest of APAC)
5.5 Latin America (Mexico, Brazil and Rest of LATAM)
5.6 Middle East and Africa (GCC, and Rest of Middle East and Africa)
Chapter 6 Company Profiles
6.1 Arkema Group
6.2 Arko-Plastic GmbH
6.3 BASF SE
6.4 DuPont EI De Nemours & Co.
6.5 EMS-CHEMIE HOLDING AG
6.7 Evonik Industries AG
6.8 PlastiComp, Inc.
6.9 Polyone Corporation
6.10 Propolymers, Inc.
6.12 Solvay S.A