Indian Glacial Acrylic Acid Market Analysis: Demand & Supply, End-User Industries, Sales Channel, Regional Demand, Company Share, Foreign Trade, FY2015-FY2035

Indian Glacial Acrylic Acid (Gaa) Market Has Enormously Expanded to Reach Around 25 Thousand Tonnes in Fy2022 and is Anticipated to Grow at a CAGR of 4.27% During the Forecast Period Until Fy2035

Indian Glacial Acrylic Acid (GAA) market has enormously expanded to reach around 25 thousand tonnes in FY2022 and is anticipated to grow at a CAGR of 4.27% during the forecast period until FY2035.

Glacial Acrylic Acid is a clear and colourless liquid with the chemical formula CH2=CHCOOH with a characteristic pungent odour. It is an unsaturated carboxylic acid copolymer used in the chemical industry to manufacture primary acrylate esters and salts. Glacial Acrylic Acid turns into lower alkyl acrylates like methyl acrylate and ethyl acrylate by acid-catalysed esterification reaction It is a building block for producing cross-linked acrylic copolymers and polyacrylic acids. Glacial acrylic acid has various industrial applications such as textile, floor polish, leather finishes, paints, lacquers, adhesives, scale inhibitors, hair styling, vehicle paint, thickeners, etc.

Currently, there are no domestic manufacturers of Glacial Acrylic Acid in India. As a result, all the need for this product is met by exporting. This creates an opportunity for domestic companies to enter the production of GAA market during the forecast period. As of FY2023, no new company has been announced to produce Glacial Acrylic Acid in India.

The demand for Glacial Acrylic Acid in India is expected to reach approximately 42 thousand tonnes in FY2035 at an expected CAGR of about 4.27%. Currently, there are no domestic manufacturers of Glacial Acrylic Acid in India. There is a vast scope for the growth potential of India Glacial Acrylic Acid market in the coming years.

Based on the region-wise consumption, the Glacial Acrylic Acid market is segmented into West, South, North, and South. Although during the FY2015-FY2021, west India displayed the highest consumption among the other regions. This region accounted for a market share of about 64% in and is expected to maintain its position in the forecast period.

Based on the end-use industry, the Indian Glacial Acrylic Acid market is segmented into Water Treatment, Detergents, Paintings and Coatings, and others. The Water Treatment end-user held a market share of about 50% in the FY2021. The major consumer of Glacial Acrylic Acid in India is SNF India Pvt Ltd/ SNF Flopam India Pvt Ltd with its two operational sites in India, one situated in Vishakhapatnam (Andhra Pradesh) and second one in Kutch (Gujarat). It is anticipated that the Water Treatment industry will dominate the India Glacial Acrylic Acid market in the forecast period as well.

BASF SE, Arkema SA, Jiangsu Sammu Group, and Satellite Chemical Co. Ltd. are the major importers of Glacial Acrylic Acid in India.

Years considered for this report:

• Historical Period: FY2015-FY2021
• Base Year: FY2022
• Estimated Year: FY2023
• Forecast Period: FY2024- FY2035

Objective of the Study:

• To assess the demand-supply scenario of Glacial Acrylic Acid which covers production, demand, and supply of Glacial Acrylic Acid market in India.
• To analyse and forecast the market size of Glacial Acrylic Acid in India.
• To classify and forecast India Glacial Acrylic Acid market based on end-use and regional distribution.
• To examine competitive developments such as expansions, green field projects/ brown field expansions, mergers & acquisitions, etc., of Glacial Acrylic Acid market in India.

To extract data for India Glacial Acrylic Acid market, primary research surveys were conducted with Glacial Acrylic Acid manufacturers, suppliers, distributors, wholesalers and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, the publisher was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, the report analyzes various segments and projected a positive outlook for India Glacial Acrylic Acid market over the coming years.

The publisher calculated Glacial Acrylic Acid demand in India by analyzing the historical data and demand forecast which was carried out considering the imports and domestic production coupled with demand from end user industry. The publisher sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data / import data of Glacial acrylic acid to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by the publisher.

Key Target Audience:

• Glacial Acrylic Acid manufacturers and other stakeholders
• Organizations, forums and alliances related to Glacial Acrylic Acid distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies

The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Glacial Acrylic Acid manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.

Report Scope:

In this report, India Glacial Acrylic Acid market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

• Market, by End-use: Water Treatment, Detergent, Paints & Coatings, and others
• Market, by Sales Channel: Direct Sale and Indirect Sale
• Market, by Region: Northern India, Sothern India, Eastern India, Western India

Available Customizations:

With the given market data, the publisher offers customizations according to a company’s specific needs.