Acrylic Acid Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
The acrylic acid market is estimated to reach around 7,029 kilotons by the end of this year. It is expected to grow with a CAGR of over 5% during the forecast period.
The market was negatively impacted by the COVID-19 pandemic. 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 to produce liquid laundry detergent, stimulating the demand for the acrylic acid market.
Key HighlightsThe acrylic acid market is consolidated in nature. Some major players in the market include BASF SE, Arkema, NIPPON SHOKUBAI CO. LTD, LG Chem, and Shanghai Huayi Acrylic Acid Co. Ltd, among others.
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