Acrylic Acid - Global Strategic Business Report

The global market for Acrylic Acid is estimated at US$14.4 Billion in 2023 and is projected to reach US$20.4 Billion by 2030, growing at a CAGR of 5.1% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

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.

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, estimated at $3.8 Billion in 2023, 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.

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?

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 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., and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Select Competitors (Total 46 Featured):

• 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