Often called 2-proenoic acid, acrylic acid is a volatile liquid that is flammable and corrosive. It is used in the manufacture of plastics and food-contact paper, and also in coatings and paint formulations. Acrylic acid is miscible with alcohols and chloroform, and it has a corrosive odor. Acrylic acid is a major irritant to eyes, skin, and the respiratory tract. Acrylic acid is also corrosive to metals and to tissue. It is a Class II flammable liquid.
Market Dynamics:
Increasing demand for adhesives, sealants, and surface coatings is driving the growth of the acrylic acid market. In addition, increasing investments in the construction sector are also expected to accelerate the market growth. Moreover, growing demand for paints and coating is again expected to propel acrylic acid market growth. Furthermore, growing demand for bio-based polymers is further projected to augment acrylic acid market growth.
On the other hand, health hazards associated with the acrylic acid is expected to hinder the market growth.
Key features of the study:
- This report provides in-depth analysis of the global acrylic acid market, and provides market size (US$ Billion) and compound annual growth rate (CAGR%) for the forecast period (2022–2030), considering 2021 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global acrylic acid market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include Arkema, BASF SE, China Petroleum & Chemical Corporation (SINOPEC), Dow, Formosa Plastic Corporation, LG Chem, Merck KGaA, Mitsubishi Chemical Corporation, NIPPON SHOKUBAI CO. LTD, Sasol, Shanghai Huayi Acrylic Acid Co. Ltd, Satellite Chemical Co. Ltd, and Wanhua
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- The global acrylic acid market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global acrylic acid market
Detailed Segmentation:
- Global Acrylic Acid Market, By Derivatives
- Methyl Acrylate
- Butyl Acrylate
- Ethyl Acrylate
- 2-Ethylhexyl Acrylate
- Glacial Acrylic Acid
- Super Absorbent Polymers
- Global Acrylic Acid Market, By Applications
- Paints and Coatings
- Adhesives and Sealants
- Surfactants
- Sanitary Products
- Textiles
- Other Applications
- Global Acrylic Acid Market, By Geography
- Asia-Pacific
- North America
- Europe
- South America
- Middle-East & Africa
- Company Profiles
- Arkema
- BASF SE
- China Petroleum & Chemical Corporation (SINOPEC)
- Dow
- Formosa Plastic Corporation
- LG Chem
- Merck KGaA
- Mitsubishi Chemical Corporation
- NIPPON SHOKUBAI CO. LTD
- Sasol
- Shanghai Huayi Acrylic Acid Co. Ltd
- Satellite Chemical Co. Ltd
- Wanhua
