Acrylic Acid Market

Acrylic Acid Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028
Segmented By Derivative Type (Acrylic Esters, Acrylic Polymers, Ammonium Polyacrylate, Cyanopolyacrylate), By Application (Surface Coatings, Adhesives & Sealants, Diapers, Plastic Additives, Water Treatment, Thickeners, Dispersants, Others) By Region, and Competition


Global Acrylic Acid Market is projected to grow at an impressive rate through 2028 due to the increasing demand from the construction industry. Building an advanced industrial plant in Manchester costs USD 2,250 per square meter

Acrylic acid is a basic component of chemicals and is derived from propylene. Acrylic acid serves as a precursor for various industrial products, including coatings, adhesives, sealants, dispersants, and thickeners that are utilized in various sectors, including construction, automotive, building, telecommunication, and consumer goods. The commercialization of bio-based acrylic acid would boost the acrylic acid business and fend off government concerns about environmental protection.

Derivatives made from basic renewable materials would reduce our reliance on fossil fuels. The cost of manufacturing acrylic acid would experience a price correction because of the proper balancing of supply and demand because renewable raw derivative types are less expensive than resources derived from fossil fuels. Additionally, bio-based acrylic acid reduces the adverse impacts of acrylic acid on the environment, removing the restriction on utilizing acrylic acid concentrations following regulatory organizations' requirements. This element gives businesses the means to utilize acrylic acid as needed. The market for acrylic acid in places like North America and Europe, where government regulations constrain market development, has a significant growth opportunity due to bio-based acrylic acid. In 2022, the birth rate was 17.668 for every 1,000 people worldwide, which contributed to a lucrative demand for diapers.

Growing Demand for Water Treatment

The treatment of wastewater is a significant issue worldwide. Industries expand along with population growth, posing environmental challenges and health risks. Therefore, it is in the best interests of scientists and engineers to create materials and techniques to reduce environmental pollution. The process of flocculation is crucial to wastewater treatment. The level of treated water quality indicators, a measure of wastewater treatment effectiveness, is reflected by the physical and chemical characteristics of flocculants based on poly (acrylamide-co-acrylic acid) produced by electron beam irradiation.

Growing Demand from Construction Industry

Acrylates give polymers various desirable qualities such as clarity, color stability, aging resistance, and heat resistance, in addition to outstanding weather ability, which increases product demand in the paint and adhesives industries. In addition, the glass transition temperature of acrylate ester, which allows the created polymer to be softer and more flexible rather than rigid and brittle, is an important property. Thus, acrylic acid is mostly utilized to create polymers for various plastic goods. Additionally, it can be used to make surfactants, adhesives, and sealants. The acrylic acid market's derivative, application, and geographic segments are separated. Methyl acrylate, butyl acrylate, ethyl acrylate, 2-Ethylhexyl acrylate, glacial acrylic acid, and superabsorbent polymers are the derivatives into which the market is divided.

Recent Developments
  • In August 2021, BASF and SINOPEC announced plans to expand their Verbund site, managed by BASF-YPC Co. Ltd., a 50% share-owned joint venture of both BASF and SINOPEC in Nanjing, China. The capacity of several downstream chemical plants is being increased, and a new tert-Butyl acrylate factory is being built to meet the rising Chinese market.
Market Segmentation

Global Acrylic Acid market is segmented by derivative type and application. Based on derivative type, the market is divided into Acrylic Esters (Ethyl Acrylate, Methyl Acrylate, Butyl Acrylate, 2-Ethyhexyl Acrylate), Acrylic Polymers (Super Absorbent Polymers, Acrylic Elastomers, Water Treatment Polymers), Ammonium Polyacrylate, Cyanopolyacrylate. Based on application, the market is segmented into surface coatings, adhesives & sealants, diapers, plastic additives, water treatment, thickeners, dispersants, others.

Market players

BASF SE, Arkema SA, The Lubrizol Corporation, LG Chem Ltd., NIPPON SHOKUBAI CO., LTD, Evonik Industries AG, Dow Chemical Company, SunVic Chemical Holdings Limited, Hexion Inc., and Shanghai Huayi Acrylic Acid Co. Ltd are some of the key market players.

Report Scope:

In this report, Global Acrylic Acid Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
  • Acrylic Acid Market, By Derivative Type:
  • Acrylic Esters (Ethyl Acrylate, Methyl Acrylate, Butyl Acrylate, 2-Ethyhexyl Acrylate)
  • Acrylic Polymers (Super Absorbent Polymers, Acrylic Elastomers, Water Treatment Polymers)
  • Ammonium Polyacrylate
  • Cyanopolyacrylate
  • Acrylic Acid Market, By Application Type:
  • Surface Coatings
  • Adhesives & Sealants
  • Diapers
  • Plastic Additives
  • Water Treatment
  • Thickeners
  • Dispersants
  • Others
  • Acrylic Acid Market, By Region:
  • North America
  • United States
  • Canada
  • Mexico
  • Europe
  • France
  • Germany
  • United Kingdom
  • Italy
  • Spain
  • Asia-Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia
  • South America
  • Brazil
  • Argentina
  • Colombia
  • Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Turkey
  • Egypt
Competitive Landscape

Company Profiles: Detailed analysis of the major companies in Global Acrylic Acid Market.

Company Information
  • Detailed analysis and profiling of additional market players (up to five).
Please Note: Report will be updated with the latest data and delivered to you within 3-5 working days of order. Single User license will be delivered in PDF format without printing rights


1. Product Overview
1.1. Market Definition
1.2. Scope of the Market
1.2.1. Markets Covered
1.2.2. Years Considered for Study
1.2.3. Key Market Segmentations
2. Research Methodology
2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations
3. Executive Summary
3.1. Overview of the Market
3.2. Overview of Key Market Segmentations
3.3. Overview of Key Market Players
3.4. Overview of Key Regions/Countries
3.5. Overview of Market Drivers, Challenges, and Trends
4. Voice of Customer
5. Global Acrylic Acid Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value & Volume
5.2. Market Share & Forecast
5.2.1. By Derivative Type (Acrylic Esters (Ethyl Acrylate, Methyl Acrylate, Butyl Acrylate, 2-Ethyhexyl Acrylate), Acrylic Polymers (Super Absorbent Polymers, Acrylic Elastomers, Water Treatment Polymers), Ammonium Polyacrylate, Cyanopolyacrylate)
5.2.2. By Application (Surface Coatings, Adhesives & Sealants, Diapers, Plastic Additives, Water Treatment, Thickeners, Dispersants, Others)
5.2.3. By Region (North America, Europe, Asia Pacific, South America, Middle East & Africa)
5.2.4. By Company (2022)
5.3. Market Map
5.3.1. By Derivative Type
5.3.2. By Application
5.3.3. By Region
5.4. Pricing Analysis
6. North America Acrylic Acid Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value & Volume
6.2. Market Share & Forecast
6.2.1. By Derivative Type
6.2.2. By Application
6.2.3. By Country
6.3. Pricing Analysis
6.4. North America: Country Analysis
6.4.1. United States Acrylic Acid Market Outlook
6.4.1.1. Market Size & Forecast
6.4.1.1.1. By Value & Volume
6.4.1.2. Market Share & Forecast
6.4.1.2.1. By Derivative Type
6.4.1.2.2. By Application
6.4.2. Mexico Acrylic Acid Market Outlook
6.4.2.1. Market Size & Forecast
6.4.2.1.1. By Value & Volume
6.4.2.2. Market Share & Forecast
6.4.2.2.1. By Derivative Type
6.4.2.2.2. By Application
6.4.3. Canada Acrylic Acid Market Outlook
6.4.3.1. Market Size & Forecast
6.4.3.1.1. By Value & Volume
6.4.3.2. Market Share & Forecast
6.4.3.2.1. By Derivative Type
6.4.3.2.2. By Application
7. Europe Acrylic Acid Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value & Volume
7.2. Market Share & Forecast
7.2.1. By Derivative Type
7.2.2. By Application
7.2.3. By Country
7.3. Pricing Analysis
7.4. Europe: Country Analysis
7.4.1. France Acrylic Acid Market Outlook
7.4.1.1. Market Size & Forecast
7.4.1.1.1. By Value & Volume
7.4.1.2. Market Share & Forecast
7.4.1.2.1. By Derivative Type
7.4.1.2.2. By Application
7.4.2. Germany Acrylic Acid Market Outlook
7.4.2.1. Market Size & Forecast
7.4.2.1.1. By Value & Volume
7.4.2.2. Market Share & Forecast
7.4.2.2.1. By Derivative Type
7.4.2.2.2. By Application
7.4.3. United Kingdom Acrylic Acid Market Outlook
7.4.3.1. Market Size & Forecast
7.4.3.1.1. By Value & Volume
7.4.3.2. Market Share & Forecast
7.4.3.2.1. By Derivative Type
7.4.3.2.2. By Application
7.4.4. Italy Acrylic Acid Market Outlook
7.4.4.1. Market Size & Forecast
7.4.4.1.1. By Value & Volume
7.4.4.2. Market Share & Forecast
7.4.4.2.1. By Derivative Type
7.4.4.2.2. By Application
7.4.5. Spain Acrylic Acid Market Outlook
7.4.5.1. Market Size & Forecast
7.4.5.1.1. By Value & Volume
7.4.5.2. Market Share & Forecast
7.4.5.2.1. By Derivative Type
7.4.5.2.2. By Application
8. Asia-Pacific Acrylic Acid Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value & Volume
8.2. Market Share & Forecast
8.2.1. By Derivative Type
8.2.2. By Application
8.2.3. By Country
8.3. Pricing Analysis
8.4. Asia-Pacific: Country Analysis
8.4.1. China Acrylic Acid Market Outlook
8.4.1.1. Market Size & Forecast
8.4.1.1.1. By Value & Volume
8.4.1.2. Market Share & Forecast
8.4.1.2.1. By Derivative Type
8.4.1.2.2. By Application
8.4.2. India Acrylic Acid Market Outlook
8.4.2.1. Market Size & Forecast
8.4.2.1.1. By Value & Volume
8.4.2.2. Market Share & Forecast
8.4.2.2.1. By Derivative Type
8.4.2.2.2. By Application
8.4.3. Japan Acrylic Acid Market Outlook
8.4.3.1. Market Size & Forecast
8.4.3.1.1. By Value & Volume
8.4.3.2. Market Share & Forecast
8.4.3.2.1. By Derivative Type
8.4.3.2.2. By Application
8.4.4. South Korea Acrylic Acid Market Outlook
8.4.4.1. Market Size & Forecast
8.4.4.1.1. By Value & Volume
8.4.4.2. Market Share & Forecast
8.4.4.2.1. By Derivative Type
8.4.4.2.2. By Application
8.4.5. Australia Acrylic Acid Market Outlook
8.4.5.1. Market Size & Forecast
8.4.5.1.1. By Value & Volume
8.4.5.2. Market Share & Forecast
8.4.5.2.1. By Derivative Type
8.4.5.2.2. By Application
9. South America Acrylic Acid Market Outlook
9.1. Market Size & Forecast
9.1.1. By Value & Volume
9.2. Market Share & Forecast
9.2.1. By Derivative Type
9.2.2. By Application
9.2.3. By Country
9.3. Pricing Analysis
9.4. South America: Country Analysis
9.4.1. Brazil Acrylic Acid Market Outlook
9.4.1.1. Market Size & Forecast
9.4.1.1.1. By Value & Volume
9.4.1.2. Market Share & Forecast
9.4.1.2.1. By Derivative Type
9.4.1.2.2. By Application
9.4.2. Argentina Acrylic Acid Market Outlook
9.4.2.1. Market Size & Forecast
9.4.2.1.1. By Value & Volume
9.4.2.2. Market Share & Forecast
9.4.2.2.1. By Derivative Type
9.4.2.2.2. By Application
9.4.3. Colombia Acrylic Acid Market Outlook
9.4.3.1. Market Size & Forecast
9.4.3.1.1. By Value & Volume
9.4.3.2. Market Share & Forecast
9.4.3.2.1. By Derivative Type
9.4.3.2.2. By Application
10. Middle East and Africa Acrylic Acid Market Outlook
10.1. Market Size & Forecast
10.1.1. By Value & Volume
10.2. Market Share & Forecast
10.2.1. By Derivative Type
10.2.2. By Application
10.2.3. By Country
10.3. Pricing Analysis
10.4. MEA: Country Analysis
10.4.1. South Africa Acrylic Acid Market Outlook
10.4.1.1. Market Size & Forecast
10.4.1.1.1. By Value & Volume
10.4.1.2. Market Share & Forecast
10.4.1.2.1. By Derivative Type
10.4.1.2.2. By Application
10.4.2. Saudi Arabia Acrylic Acid Market Outlook
10.4.2.1. Market Size & Forecast
10.4.2.1.1. By Value & Volume
10.4.2.2. Market Share & Forecast
10.4.2.2.1. By Derivative Type
10.4.2.2.2. By Application
10.4.3. UAE Acrylic Acid Market Outlook
10.4.3.1. Market Size & Forecast
10.4.3.1.1. By Value & Volume
10.4.3.2. Market Share & Forecast
10.4.3.2.1. By Derivative Type
10.4.3.2.2. By Application
10.4.4. Turkey Acrylic Acid Market Outlook
10.4.4.1. Market Size & Forecast
10.4.4.1.1. By Value & Volume
10.4.4.2. Market Share & Forecast
10.4.4.2.1. By Derivative Type
10.4.4.2.2. By Application
10.4.5. Egypt Acrylic Acid Market Outlook
10.4.5.1. Market Size & Forecast
10.4.5.1.1. By Value & Volume
10.4.5.2. Market Share & Forecast
10.4.5.2.1. By Derivative Type
10.4.5.2.2. By Application
11. Market Dynamics
11.1. Drivers
11.1.1. Growing Demand for Water Treatment
11.1.2. Growing Demand from Construction Industry
11.2. Challenges
11.2.1. Contamination during production
11.2.2. Strict regulation and monitoring
12. Market Trends & Developments
12.1. Merger & Acquisition
12.2. Product Development
13. Porters Five Forces Analysis
13.1. Competition in the Industry
13.2. Potential of New Entrants
13.3. Power of Suppliers
13.4. Power of Customers
13.5. Threat of Substitute Products
14. Competitive Landscape
14.1. Business Overview
14.2. Company Snapshot
14.3. Products & Services
14.4. Financials (As Reported)
14.5. Recent Developments
14.6. SWOT Analysis
14.6.1. BASF SE
14.6.2. Arkema SA
14.6.3. The Lubrizol Corporation
14.6.4. LG Chem Ltd
14.6.5. NIPPON SHOKUBAI CO., LTD
14.6.6. Evonik Industries AG
14.6.7. Dow Chemical Company
14.6.8. SunVic Chemical Holdings Limited
14.6.9. Hexion Inc
14.6.10. Shanghai Huayi Acrylic Acid Co. Ltd
15. Strategic Recommendations

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