Global Acrylic Acid Market Growth 2023-2029

Global Acrylic Acid Market Growth 2023-2029

Glacial acrylic acid (GAA) is a clear, colorless liquid with an acrid odour which is miscible with water, alcohols and ethers. The chemical formula is CH2=CHCO2H. It is an unsaturated monocarboxylic acid which will undergo the typical reactions of a carboxylic acid as well as those of a vinyl compound. It is used in the production of polymers and acrylate esters and as a feedstock for chemical syntheses.

LPI (LP Information)' newest research report, the “Acrylic Acid Industry Forecast” looks at past sales and reviews total world Acrylic Acid sales in 2022, providing a comprehensive analysis by region and market sector of projected Acrylic Acid sales for 2023 through 2029. With Acrylic Acid sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Acrylic Acid industry.

This Insight Report provides a comprehensive analysis of the global Acrylic Acid landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Acrylic Acid portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Acrylic Acid market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Acrylic Acid and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Acrylic Acid.

The global Acrylic Acid market size is projected to grow from US$ 3395.5 million in 2022 to US$ 4673.1 million in 2029; it is expected to grow at a CAGR of 4673.1 from 2023 to 2029.

Global Acrylic Acid key players include BASF, DOW, Nippon Shokubai, Arkema, Formosa Plastics, etc. Global top five manufacturers hold a share over 65%.

USA is the largest market, with a share over 25%, followed by China and Europe, both have a share over 50%. In terms of application, the largest application is Super Absorbent Polymers (SAP), followed by Detergent, Water Treatment, etc.

This report presents a comprehensive overview, market shares, and growth opportunities of Acrylic Acid market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

Acrylic Acid 100%

Acrylic Acid 80%

Acrylic Acid/Toluene

Segmentation by application

Super Absorbent Polymers (SAP)

Detergent

Water Treatment

Others

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

Basf

DuPont

Nippon Shokubai

Akema

Formosa

LG Chem

Mitsubishi Chem

Toagosei

Sasol

Hexion

Idemitsu Kosan

Jiangsu Jurong

HUAYI

Satellite

Basf-YPC

Sanmu Group

Shandong Kaitai

CNOOC

ChemChina

CNPC

Eastern Petr

Key Questions Addressed in this Report

What is the 10-year outlook for the global Acrylic Acid market?

What factors are driving Acrylic Acid market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Acrylic Acid market opportunities vary by end market size?

How does Acrylic Acid break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.