Acrylic acid is an organic compound with the formula CH₂=CHCOOH. It is the simplest unsaturated carboxylic acid, consisting of a vinyl group connected directly to a carboxylic acid terminus. It is miscible with water, alcohols, ethers, and chloroform. More than a million tons are produced annually. This colorless liquid has a characteristic acrid or tart smell. A Large portion of acrylic acid compounds is used for feedstock to obtain acrylate esters. A wide range of applications uses the acrylic acids such as plastic additives, sealants, surface coatings, paper treatment, textiles, and adhesives.
Acrylic Acid Market: Key Players
The research study includes profiles of leading companies operating in the global Acrylic Acid market. Key players profiled in the report include: BASF SE, Nippon Shokubai Co. Ltd., LG Chem Ltd., Mitsubishi Chemical Holdings Corporation, Sasol Limited, Arkema, Evonik Industries, The Dow Chemical Company, Hexion Inc., PJSC Sibur Holding and others.
Drivers for the Global Acrylic Acid Market:
Soaring demand for superabsorbent polymers, widespread adoption of acrylic-based products in emerging economies such as Asia Pacific and growing industries such as adhesives and sealants are some major driving factors for the growth of the acrylic acid market.
Opportunities for the Global Acrylic Acid Market:
The rising demand for architectural coatings in Asia-Pacific is also likely to boost the
Demand for acrylic acid, during the forecast period. And also, the increasing demand for bio-based polymer in healthcare applications is likely to act as an opportunity for market growth in the future.
Restrains for the Global Acrylic Acid Market:
Stringent government guidelines are forced on the utilization of this natural compound because of expanding ecological worries in areas, for example, North America, Europe, and so on., to ensure the earth and forestall word related presentation. Because of the potential limitations, its development is confined.
Region Wise, Global Acrylic Acid Market Analysis:
Report covers the region wise analysis global acrylic acid market can be segmented into North America, Europe, Asia Pacific, Latin America, Middle East and Africa. Among all, Asia Pacific leads the global acrylic acid market share. Asia Pacific region is followed by North America and Europe. Asia Pacific ruled the acrylic acid market where nations, for example, India and China represented 70% of the provincial interest. It is for the most part because of gigantic utilization of subsidiaries in coatings, glues, surfactants and individual consideration items. The expanding population of matured individuals in Canada and the U.S. is, thus, expanding the interest for grown-up incontinence, hence prompting increment in SAP utilization.
Global Acrylic Acid Market: Product analysis
- Acrylate Esters
- Glacial Acrylic Acid
Global Acrylic Acid Market: Application analysis
- Surfactants and Surface Coatings
- Organic Chemicals
- Water Treatment
- Personal Care Products
Global Acrylic Acid Market: Region analysis
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of L.A.
- Middle East and Africa
- South Africa
- Rest of Middle East
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