Acrylic Acid - Global Strategic Business Report

The global market for Acrylic Acid was valued at US$15.1 Billion in 2024 and is projected to reach US$20.4 Billion by 2030, growing at a CAGR of 5.2% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

Global Acrylic Acid Market - Key Trends and Drivers Summarized

What Makes Acrylic Acid a Key Chemical in Industrial Applications?

Acrylic acid is a fundamental building block in the chemical industry, known for its versatile applications and essential role in producing a wide array of products. This organic compound, characterized by its clear, colorless liquid form and acrid odor, is predominantly used to manufacture acrylate esters, which are vital components in the production of adhesives, paints, coatings, and textiles. Its ability to undergo polymerization and form long-chain polymers makes it an indispensable material in creating superabsorbent polymers, which are used extensively in hygiene products like diapers and adult incontinence products. Furthermore, acrylic acid is a critical ingredient in water treatment chemicals, helping to maintain clean and safe water supplies. The widespread applicability and functional properties of acrylic acid underscore its importance in various industrial processes and consumer products.

How Are Innovations and Technological Advances Impacting Acrylic Acid Production?

Innovations and technological advances have significantly impacted the production and application of acrylic acid, driving efficiency and sustainability. Traditional production methods primarily involve the oxidation of propylene, but recent developments have focused on improving yield and reducing environmental impact. For instance, researchers are exploring bio-based production pathways that utilize renewable feedstocks, such as glycerol and lactic acid, to produce acrylic acid. These bio-based methods not only reduce reliance on fossil fuels but also decrease greenhouse gas emissions, aligning with global sustainability goals. Additionally, advancements in catalytic processes and reactor design have enhanced the efficiency of acrylic acid synthesis, lowering energy consumption and production costs. These technological strides are crucial in meeting the growing demand for acrylic acid while addressing environmental and economic challenges, thereby ensuring a more sustainable and efficient production landscape.

Why Is Demand for Acrylic Acid Rising Across Various Industries?

The demand for acrylic acid is rising across various industries due to its indispensable role in manufacturing essential products. In the adhesives and sealants industry, acrylic acid-based products are favored for their strong adhesion, flexibility, and durability, making them ideal for use in construction, automotive, and packaging applications. The paints and coatings industry relies on acrylic acid to produce high-performance coatings that offer excellent weather resistance and aesthetic appeal. In the textiles sector, acrylic acid is used to create fibers and fabrics with enhanced durability and comfort. The hygiene products market, which includes diapers and sanitary products, is one of the largest consumers of superabsorbent polymers made from acrylic acid, driven by increasing awareness of hygiene and rising disposable incomes in developing regions. Additionally, the water treatment industry utilizes acrylic acid derivatives to produce flocculants and coagulants that are essential for effective water purification processes. The versatile applications and growing industrial needs underscore the rising demand for acrylic acid.

What Factors Are Driving Growth in the Acrylic Acid Market?

The growth in the acrylic acid market is driven by several factors that encompass technological innovations, expanding end-use applications, and evolving consumer preferences. One of the primary drivers is the increasing demand for superabsorbent polymers in hygiene products, spurred by rising population and heightened hygiene awareness globally. Technological advancements in bio-based production methods are also propelling market growth, as industries seek sustainable alternatives to conventional petrochemical processes. The expanding automotive and construction industries are boosting demand for acrylic acid-based adhesives and sealants, which are essential for various applications due to their superior performance characteristics. Additionally, the paints and coatings sector's growth, driven by urbanization and infrastructure development, is further fueling the demand for acrylic acid. The water treatment industry's ongoing expansion, particularly in regions with stringent water quality regulations, is another critical factor contributing to market growth. These drivers collectively ensure a robust growth trajectory for the acrylic acid market, reflecting its essential role in modern industrial applications.

Report Scope

The report analyzes the Acrylic Acid market, presented in terms of market value (US$ Thousand). The analysis covers the key segments and geographic regions outlined below.

Segments

Derivative (Acrylic Polymers, Acrylic Esters, Other Derivatives); End-Use (Diapers, Surface Coatings, Adhesives & Sealants, Plastic Additives, Water Treatment, Textiles, Other End-Uses).

Geographic Regions/Countries

World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Key Insights:

• Market Growth: Understand the significant growth trajectory of the Acrylic Polymers Derivative segment, which is expected to reach US$10.2 Billion by 2030 with a CAGR of a 5.7%. The Acrylic Esters Derivative segment is also set to grow at 5.1% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, valued at $3.9 Billion in 2024, and China, forecasted to grow at an impressive 8.2% CAGR to reach $4.7 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of major players such as Arkema, BASF SE, Dow, Inc., DuPont de Nemours, Inc., Evonik Industries AG and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Why You Should Buy This Report:

• Detailed Market Analysis: Access a thorough analysis of the Global Acrylic Acid Market, covering all major geographic regions and market segments.
• Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
• Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Acrylic Acid Market.
• Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

• How is the Global Acrylic Acid Market expected to evolve by 2030?
• What are the main drivers and restraints affecting the market?
• Which market segments will grow the most over the forecast period?
• How will market shares for different regions and segments change by 2030?
• Who are the leading players in the market, and what are their prospects?

Some of the 46 major companies featured in this Acrylic Acid market report include:

• Arkema
• BASF SE
• Dow, Inc.
• DuPont de Nemours, Inc.
• Evonik Industries AG
• Hexion Inc.
• LG Chem
• Mitsubishi Chemical Corporation
• Nippon Shokubai Co., Ltd.
• Sasol Ltd.
• SIBUR Holding