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
Published Date: December - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Chemicals | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationAcrylic 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
Building an advanced industrial plant in Manchester cost USD 2,250 per square meter.
In 2022, the birth rate is 17.668 for every 1,000 people worldwide which contribute to a lucrative demand for diaper.
Growing Demand for Water Treatment
The demand for water treatment solutions is the result of increasing global population and industrialization, which is putting pressure on the world's water resources. As a result, there is a growing need for technologies and products that can help to treat and purify water, making it safe for human consumption and industrial use. 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
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.
Growing Demand from Superabsorbent Polymers
According to various studies, India Diaper market is USD 5.90 Billion in 2022 which reflects the growing demand for superabsorbent polymers. And hence driving the demand for acrylic acid
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.
- In
2020, BASF acquired the polyamide business of Solvay, which included the
production of acrylonitrile, a key raw material for acrylic acid.
- In
2021, Mitsui Chemicals launched its new range of acrylic acid polymers
called Tafmer BI.
- In
2021, Evonik launched its new range of specialty monomers called VISIOMER
Terra. These monomers are based on bio-based acrylic acid and are designed
for use in the production of high-performance polymers such as PMMA and
PEMA.
Capacity Expansions
- In 2021,
Mitsubishi Chemical announced a plan to expand the production capacity of
its acrylic acid plant in Japan by 20%. The expansion is expected to be
completed in 2023 and will increase the company's production capacity for
acrylic acid and its derivatives.
- In
2020, Dow announced a plan to expand the production capacity of its
acrylic acid plant in Texas, USA, by 15%.
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.
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.
|
Attribute |
Details |
|
Base
Year |
2022 |
|
Historic
Data |
2018 –
2021 |
|
Estimated
Year |
2023 |
|
Forecast
Period |
2024 – 2028 |
|
Quantitative
Units |
Revenue in USD Million, Volume in metric tons, and CAGR for 2018-2022
and 2023-2028 |
|
Report
Coverage |
Revenue
forecast, Volume Forecast, company share, competitive landscape, growth
factors, and trends |
|
Segments
Covered |
·
Composite Type ·
Graphene Type ·
Application |
|
Regional
scope |
North
America; Europe; Asia Pacific; South America; Middle East & Africa |
|
Country
scope |
United States, Canada, Mexico; China, India, Japan, South
Korea, Australia; Germany, France, United Kingdom, Italy, Spain; Brazil,
Argentina, Colombia; South Africa, UAE, Saudi Arabia, Turkey, and Egypt. |
|
Key
companies profiled |
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. |
|
Customization
scope |
10% free report customization with purchase. Addition or
alteration to country, regional & segment scope. |
|
Pricing
and purchase options |
Avail
customized purchase options to meet your exact research needs. Explore purchase options |
|
Delivery
Format |
PDF and Excel through
Email (We can also provide the editable version of the report in PPT/Word
format on special request) |
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