Acrylic Acid Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast 2021 - 2026

Report Code: CMR 36132 Report Format: PDF + Excel (Delivery in 48 Hrs)

Overview

Acrylic Acid Market is forecast to reach $20.2 billion by 2025, after growing at a CAGR of 5.2% during 2020-2025. The increasing demand for superabsorbent polymers is the key driver for the global acrylic acid market. Superabsorbent polymers are used in diapers and other applications where a relatively small volume of absorbent material is required to absorb large amounts of liquid. The growing global population and increasing awareness of diapers and the importance of sanitary care among urban parents are likely to drive the global market for acrylic acid over the forecast period. The report covers Acrylic Acid Market size by Derivative type and application, Acrylic Acid Market share by top 5 companies and also the market share by start-ups during the forecast period. 

Report Coverage

The report: “Acrylic Acid Market – Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Acrylic Acid Market.

Key Takeaways

·         Asia-Pacific dominates the Acrylic Acid market owing to increasing demand from applications such as automotive and aviation industries.

·         Manufacturers are using bio-based techniques to produce unsaturated carboxylic acid and acrylates from renewable resources such as sugar, glycerol, etc. due to the rising oil prices globally.

·         Increased regulatory pressure on companies has led to bio-acrylic acid development. Major producers including BASF, Dow Chemicals, Cargill, and Novozyme have invested with their conventional counterpart in the production of bio-based products at competitive prices.

·         OPX Biotechnologies, a manufacturer of bio-based chemicals have successfully developed a low-cost bio-acrylic acid route using dextrose and sucrose as raw materials. 

 

Derivative Types - Segment Analysis

The acrylate esters segment held the largest share in the Acrylic Acid market in 2019. Acrylate esters such as methyl acrylate, ethyl acrylate, butyl acrylate and others,  are commonly used for coating binders, gun towers, bomber noses, aircraft canopies, cosmetics, etc. These are used in applications where aging & weathering resistance, transparency and color stability are needed. They are popular for their durability, superior technology, and chemical purity, which drive their demand.

Application - Segment Analysis

The personal care products segment holds the largest share in the acrylic acid market in 2019. Super absorbent polymers are commonly used by personal care products such as diapers and adult incontinence products. In these applications, the growing demand for superabsorbent polymers is expected to drive demand. With the recent rise in economic conditions across Asia and Central & South America's emerging economies, demand for personal care products such as body wash, hair wash, cleaners, and more has reflected high demand. This will drive the use of acrylic acid in the manufacture of personal care products across these areas.

Geography - Segment Analysis

APAC dominated the Acrylic Acid market with a share of more than 49%, followed by North America and Europe. It is driven primarily by the region's rising construction industry, which has increased demand for different weather resistant coating products. In developing countries like China, India, Japan, and South Korea, the construction industry has risen steadily over the past few years and is likely to remain a leading contributor to the regional economy over the forecast period. As a result, the increasing urbanization in Asia Pacific is likely to be a major driver for the region's acrylic acid market. Asia Pacific's increasing infant population is also likely to drive demand for superabsorbent polymers made from acrylic acid, which is likely to be a major driver in the forecast period for the global acrylic acid industry.

Drivers – Acrylic Acid Market

  • Growth in construction industry

Acrylic acid is a highly versatile raw material and is used in the production of a number of products used in the construction industry. The main use of acrylic acid derivatives in the construction industry is as a weather-resistant coating. Thus, the growing construction industry has emerged as the leading driver of the global acrylic acid market over the forecast period.  

Challenges – Acrylic Acid Market

  • Fluctuations in the cost of propylene

Propylene is a key raw material used in the production of acrylic acid. It is derived from petroleum and reliant on the fluctuations in the oil and gas industry. The annual average oil price rose to $71.31 per barrel, from $54.19 per barrel in 2017. This will negatively affect the acrylic acid market growth.

Market Landscape

Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the Acrylic Acid Market. In 2019, the market of Acrylic Acid has been consolidated by the top five players accounting for xx% of the share. Major players in the Acrylic Acid Market are Dow Chemical Company, BASF SE, Arkema SA, The Lubrizol Corporation, LG Chem Ltd., Evonik Industries AG, PJSC SIBUR Holding, Myriant Corporation, SunVic Chemical Holdings Limited, Hexion Inc., among others.  

Acquisitions/Technology Launches

  • In January 2019, BASF and Adani Group has signed an agreement, to evaluate a major joint investment in the acrylics value chain in India.
  • In December 2017, LG Chem Ltd announced to invest $278.32 million to increase acrylic acid and superabsorbent polymer production capacity.

1. Acrylic Acid Market - Overview
        1.1 Definitions and Scope
2. Acrylic Acid Market - Executive summary
        2.1 Market Revenue, Market Size and Key Trends by Company
        2.2 Key Trends by type of Application
        2.3 Key Trends segmented by Geography
3. Acrylic Acid Market
        3.1 Comparative analysis
            3.1.1 Product Benchmarking - Top 10 companies
            3.1.2 Top 5 Financials Analysis
            3.1.3 Market Value split by Top 10 companies
            3.1.4 Patent Analysis - Top 10 companies
            3.1.5 Pricing Analysis
4. Acrylic Acid Market - Startup companies Scenario Premium
        4.1 Top 10 startup company Analysis by
            4.1.1 Investment
            4.1.2 Revenue
            4.1.3 Market Shares
            4.1.4 Market Size and Application Analysis
            4.1.5 Venture Capital and Funding Scenario
5. Acrylic Acid Market - Industry Market Entry Scenario Premium
        5.1 Regulatory Framework Overview
        5.2 New Business and Ease of Doing business index
        5.3 Case studies of successful ventures
        5.4 Customer Analysis - Top 10 companies
6. Acrylic Acid Market Forces
        6.1 Drivers
        6.2 Constraints
        6.3 Challenges
        6.4 Porters five force model
            6.4.1 Bargaining power of suppliers
            6.4.2 Bargaining powers of customers
            6.4.3 Threat of new entrants
            6.4.4 Rivalry among existing players
            6.4.5 Threat of substitutes
7. Acrylic Acid Market -Strategic analysis
        7.1 Value chain analysis
        7.2 Opportunities analysis
        7.3 Product life cycle
        7.4 Suppliers and distributors Market Share
8. Acrylic Acid Market - By Derivative Types (Market Size -$Million / $Billion)
        8.1 Acrylic esters
            8.1.1 Methyl acrylate
    8.1.2 Ethyl acrylate
    8.1.3 Butyl acrylate
    8.1.4 2-Ethylhexyl esters
        8.2 Acrylic polymers (Glacial)
    8.2.1 Elastomers
    8.2.2 Super absorbent polymers
    8.2.3 Water treatment polymers
        8.3 Other derivatives
    8.3.1 Cyanopolyacrylate
    8.3.2 Ammonium polyacrylate
9. Acrylic Acid Market - By Type (Market Size -$Million / $Billion)
10. Acrylic Acid - By Application (Market Size -$Million / $Billion)
        10.1 Surface coatings
        10.2 Adhesives and sealants
        10.3 Plastic additives
10.4 Surfactants & Flocculants
11. Acrylic Acid- By Geography (Market Size -$Million / $Billion)
        11.1 Acrylic Acid Market - North America Segment Research
        11.2 North America Market Research (Million / $Billion)
            11.2.1 Segment type Size and Market Size Analysis
            11.2.2 Revenue and Trends
            11.2.3 Application Revenue and Trends by type of Application
            11.2.4 Company Revenue and Product Analysis
            11.2.5 North America Product type and Application Market Size
                  11.2.5.1 U.S
                  11.2.5.2 Canada
                  11.2.5.3 Mexico
                  11.2.5.4 Rest of North America
        11.3 Acrylic Acid- South America Segment Research
        11.4 South America Market Research (Market Size -$Million / $Billion)
            11.4.1 Segment type Size and Market Size Analysis
            11.4.2 Revenue and Trends
            11.4.3 Application Revenue and Trends by type of Application
            11.4.4 Company Revenue and Product Analysis
            11.4.5 South America Product type and Application Market Size
                  11.4.5.1 Brazil
                  11.4.5.2 Venezuela
                  11.4.5.3 Argentina
                  11.4.5.4 Ecuador
                  11.4.5.5 Peru
                  11.4.5.6 Colombia
                  11.4.5.7 Costa Rica
                  11.4.5.8 Rest of South America
        11.5 Acrylic Acid- Europe Segment Research
        11.6 Europe Market Research (Market Size -$Million / $Billion)
            11.6.1 Segment type Size and Market Size Analysis
            11.6.2 Revenue and Trends
            11.6.3 Application Revenue and Trends by type of Application
            11.6.4 Company Revenue and Product Analysis
            11.6.5 Europe Segment Product type and Application Market Size
                  11.6.5.1 U.K
                  11.6.5.2 Germany
                  11.6.5.3 Italy
                  11.6.5.4 France
                  11.6.5.5 Netherlands
                  11.6.5.6 Belgium
                  11.6.5.7 Denmark
                  11.6.5.8 Spain
                  11.6.5.9 Rest of Europe
        11.7 Acrylic Acid - APAC Segment Research
        11.8 APAC Market Research (Market Size -$Million / $Billion)
            11.8.1 Segment type Size and Market Size Analysis
            11.8.2 Revenue and Trends
            11.8.3 Application Revenue and Trends by type of Application
            11.8.4 Company Revenue and Product Analysis
            11.8.5 APAC Segment - Product type and Application Market Size
                  11.8.5.1 China
                  11.8.5.2 Australia
                  11.8.5.3 Japan
                  11.8.5.4 South Korea
                  11.8.5.5 India
                  11.8.5.6 Taiwan
                  11.8.5.7 Malaysia
                  11.8.5.8 Hong kong
                  11.8.5.9 Rest of APAC
        11.9 Acrylic Acid - Middle East Segment and Africa Segment Research
        11.10 Middle East & Africa Market Research (Market Size -$Million / $Billion)
            11.10.1 Segment type Size and Market Size Analysis
            11.10.2 Revenue and Trend Analysis
            11.10.3 Application Revenue and Trends by type of Application
            11.10.4 Company Revenue and Product Analysis
            11.10.5 Middle East Segment Product type and Application Market Size
                  11.10.5.1 Israel
                  11.10.5.2 Saudi Arabia
                  11.10.5.3 UAE
            11.10.6 Africa Segment Analysis
                  11.10.6.1 South Africa
                  11.10.6.2 Rest of Middle East & Africa
12. Acrylic Acid Market - Entropy
        12.1 New product launches
        12.2 M&A s, collaborations, JVs and partnerships
13. Acrylic Acid Market - Industry / Segment Competition landscape Premium
        13.1 Market Share Analysis
            13.1.1 Market Share by Country- Top companies
            13.1.2 Market Share by Region- Top 10 companies
            13.1.3 Market Share by type of Application - Top 10 companies
            13.1.4 Market Share by type of Product / Product category- Top 10 companies
            13.1.5 Market Share at global level - Top 10 companies
            13.1.6 Best Practises for companies
14. Acrylic Acid Market - Key Company List by Country Premium
15. Acrylic Acid Market Company Analysis
        15.1 Market Share, Company Revenue, Products, M&A, Developments
        15.2 American Acryl
        15.3 Arkema
        15.4 Bayer Ag
        15.5 Beiersdorf Ag
        15.6 Beijing Eastern Petrochemical
        15.7 Evonik Industry Ag
        15.8 Formosa Plastic Co
        15.9 Idemitsu Petrochemical
        15.10 Jiangsu Jurong Chemical
        15.11 Kao Corporation
        15.12 Lg Chem Ltd
        15.13 Mitsubishi Chemical Holding
        15.14 Momentive
        15.15 Nippon Shokubai Co Ltd
        15.16 Procter Gamble Co
        15.17 Rohm And Haas
        15.18 Sanyo Chemical Industries, Ltd
        15.19 Sdp Co Ltd
        15.20 Sibur
        15.21 Sinopec Group
        15.22 Songwon Industrial Co Ltd
        15.23 Stohaas Monomer
        15.24 Sumitomo Seika Chemical Co Ltd
        15.25 The Dow Chemical Co
        15.26 Unilever
        15.27 Wanhua Chemical Group
        15.28 Yixing Danson Technology
        15.29 Company 28
        15.30 Company 29 & More
*Financials would be provided on a best efforts basis for private companies
16. Acrylic Acid Market - Appendix
        16.1 Abbreviations
        16.2 Sources
17. Acrylic Acid Market - Methodology
        17.1 Research Methodology
            17.1.1 Company Expert Interviews
            17.1.2 Industry Databases
            17.1.3 Associations
            17.1.4 Company News
            17.1.5 Company Annual Reports
            17.1.6 Application Trends
            17.1.7 New Products and Product database
            17.1.8 Company Transcripts
            17.1.9 R&D Trends
            17.1.10 Key Opinion Leaders Interviews
            17.1.11 Supply and Demand Trends

List of Tables

1 US Acrylic Acid Market Size 2018
2 Canada Acrylic Acid Market Share 2018
3 Brazil Acrylic Acid Market Outlook 2019 - 2023
4 Mexico Acrylic Acid Market Research 2018
5 Germany Acrylic Acid Market Trends 2019 - 2023 
6 France Acrylic Acid Market Growth 2019 - 2023 
7 UK Acrylic Acid Market Demand 2019 - 2023 
8 Italy Acrylic Acid Market Segmentation 2018
9 Russia Acrylic Acid Market Analysis 2019 - 2023
10 China Acrylic Acid Market Revenue 2019 - 2023
11 Japan Acrylic Acid Market Volume 2019 - 2023
12 South Korea Acrylic Acid Market Potential 2019 - 2023
13 India Acrylic Acid Market Leaders 2018
14 Saudi Arabia Acrylic Acid Market Forecast 2019 - 2023 
15 Kuwait Acrylic Acid Market Value 2018

List of Figures

For complete list of 60+ tables and 60+ figures follow the Link