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Acrylic Acid Market Size Estimated to Reach $20.19 Billion by 2027, with Leading Players – Formosa Plastics Co., Jiangsu Jurong Chemical Co. Ltd., Zhejiang Chemical

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Acrylic Acid Market Size Estimated to Reach $20.19 Billion by 2027, with Leading Players – Formosa Plastics Co., Jiangsu Jurong Chemical Co. Ltd., Zhejiang Chemical

April 20
00:08 2021
Acrylic Acid Market Size Estimated to Reach $20.19 Billion by 2027, with Leading Players - Formosa Plastics Co., Jiangsu Jurong Chemical Co. Ltd., Zhejiang Chemical

Acrylic Acid Market
The commercialization of bio-based acrylic acid, soaring demand from SAP, and the rapid increase in demand from end-use industries are driving the need for the market.

The global Acrylic Acid Market is forecast to reach USD 20.19 Billion by 2027, according to a new report by Reports and Data. Rising demand in the personal care market for superabsorbent polymers is expected to fuel growth over the projected period. Expanding use is also likely to shape the market in the manufacturing of surfactants, surface coatings, and adhesives & sealants. The rising demand for glacial acrylic acid (GAA) in the manufacture of superabsorbent polymers (SAP) is projected to be a primary factor to escalate the market growth. Increasing SAP reach in niche segments involving adult incontinence, water treatment additives, and radiation treated coatings is anticipated to play an important role in the market growth in emerging economies in the Asia Pacific and Central & South America.

The driving forces for growth are rising demand for superabsorbent polymers, widespread acceptance of acrylic-based products in developing nations like the Asia Pacific, and increasing industrial sectors such as adhesives and sealants. Industries are designing and selling petrochemical technologies for manufacturing it. Instead of globally growing oil prices, producers use bio-based methods to generate this unsaturated carboxylic acid and acrylates from natural materials such as glycerol, sugar, and other things. Renewable feedstock provides favorable cost outcomes for competing with petrochemical routes.

Owing to growing environmental issues in regions such as North America, Europe, stringent regulatory controls are placed on the use of this organic compound to preserve the atmosphere and discourage occupational exposure. Its development is limited because of the possible restrictions. The manufacturers focus on research and development to discover the bio-based roots to boost the market growth.

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Key findings in the report:

  • Acrylate esters were the primary products consumed in 2019, with an overall market share of 48.62%. Increasing demand for derivative products such as ethyl acrylate, butyl acrylate, and 2-EHA is supposed to propel product growth in paints, coatings, and fabrics.
  • Personal care goods formed the leading end-use sector and constituted 30 percent of the overall value of the market in 2019. Rising demand from adult incontinence goods is projected to push this category over the forecast period attributed to the increasing geriatric population base in Europe and Japan, coupled with the rising population of baby boomers in the U.S.
  • North America and Europe have established markets, which have a heavy emphasis on the production of bio-based acrylic acid. Corporations like Novozymes, Cargill, BASF, and OPX Bio have successfully implemented pilot-scale bio-based components and are moving on to commercial ventures.
  • The APAC is projected to intensify with an estimated 5.6% CAGR; due to the booming adhesive and sealant industry, the demand in emerging nations such as China and India is rising. The government has taken measures to help the manufacturing strategies that have contributed to the country’s rapid sector development which will have a direct effect on regional growth.
  • Key participants include Formosa Plastics Co., Jiangsu Jurong Chemical Co. Ltd., Zhejiang Chemical, Shenyang Chemical Co. Ltd., LG Chemical, Mitsubishi Chemical, Dow Chemical Co., CNPC, BASF, and Arkema among others.

Acrylic Acid Market By Product, By Acrylic Polymer and By Application, Forecasts To 2027, To identify the key trends in the industry, click on the link below:

For the purpose of this report, Reports and Data has segmented into the Global Acrylic Acid market on the basis of Product, Acrylic Polymer, Application, and region:

Product Outlook (Revenue, USD Billion; 2017-2027)

  • Acrylate Esters
  • Glacial Acrylic Acid
  • Others

Acrylic Polymer Outlook (Revenue, USD Billion; 2017-2027)

  • Crylic Elastomers
  • Super Absorbent Polymers
  • Water Treatment Polymers

Application Outlook (Revenue, USD Billion; 2017-2027)

  • Surfactants
  • Organic Chemicals
  • Adhesives & Sealants
  • Textiles
  • Water Treatment
  • Personal Care Products
  • Others

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Regional Outlook (Revenue in USD Billion; 2017–2027)

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • U.K.
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • South Korea
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Rest of LATAM
  • Middle East & Africa
    • Saudi Arabia
    • South Africa
    • Egypt
    • Rest of MEA

Table Of Content

Chapter 1. Market Synopsis

    1.1. Market Definition

    1.2. Research Scope & Premise

    1.3. Methodology

    1.4. Market Estimation Technique

Chapter 2. Executive Summary

    2.1. Summary Snapshot, 2019-2027

Chapter 3. Indicative Metrics

Chapter 4. Acrylic Acid Market Segmentation & Impact Analysis

    4.1. Acrylic Acid Market Material Segmentation Analysis

    4.2. Industrial Outlook


Chapter 9. Competitive Landscape

    9.1. Market Revenue Share By Manufacturers

    9.2. Manufacturing Cost Breakdown Analysis

    9.3. Mergers & Acquisitions

    9.4. Market positioning

    9.5. Strategy Benchmarking

    9.6. Vendor Landscape

Chapter 10. Company Profiles

    10.1. Formosa Plastics Co.

          10.1.1. Company Overview

          10.1.2. Financial Performance

          10.1.3. Technology Insights

          10.1.4. Strategic Initiatives

    10.2. Jiangsu Jurong Chemical Co. Ltd.

          10.2.1. Company Overview

          10.2.2. Financial Performance

          10.2.3. Technology Insights

          10.2.4. Strategic Initiatives

    10.3. Zhejiang Chemical

          10.3.1. Company Overview

          10.3.2. Financial Performance

          10.3.3. Technology Insights

          10.3.4. Strategic Initiatives

    10.4. Shenyang Chemical Co. Ltd.

          10.4.1. Company Overview

          10.4.2. Financial Performance

          10.4.3. Technology Insights

          10.4.4. Strategic Initiatives

    10.5. LG Chemical

          10.5.1. Company Overview

          10.5.2. Financial Performance

          10.5.3. Technology Insights

          10.5.4. Strategic Initiatives

Continue …

About Reports and Data

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power, and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.

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