Acrylic Acid Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
The acrylic acid market size is expected to reach about 7,029 kiloton in 2022 and the market is projected to register a CAGR of over 5% during the forecast period (2022-2027).
The market was negatively impacted by COVID-19. However, in 2021, the demand for laundry care products increased due to the increased awareness and consciousness regarding personal hygiene and clean surroundings. Acrylic acid is used in the production of liquid laundry detergent, thereby stimulating the demand for the acrylic acid market.
Key HighlightsThe acrylic acid market is consolidated in nature. Some of the major players in the market include BASF SE, Arkema, Nippon Shokubai Co., Ltd, LG Chem, and Shanghai Huayi Acrylic Acid Co. Ltd., among others (not in any particular order).
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