Acrylic Acid Market Overview:
Market Research Future (MRFR)’s report reveals that the global acrylic acid market is set to register a healthy CAGR of 5.14% during the forecast period 2018 to 2022. The market is estimated to grow from USD 13,599.9 Mn in 2015 to USD 18,315.3 Mn by the end of 2022. The superabsorbent polymer is one of the key areas of focus in the acrylic acid market due to tremendous demand from diapers and agricultural industries. It is likely to boost the market growth over the next few years.
Acrylic Acid when reacted with alcohols gives commodity acrylates. Thus, increasing consumption of commodity acrylates in paints and coatings industry is also expected to boost the market demand. Moreover, acrylic acid is widely used in construction industry such as in the form of protective coatings and weathering resistance.
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Acrylic Acid Market Key Players:
Some of the key players profiled by MRFR are BASF SE, Evonik Industries, Nippon Shokubai Co. Ltd, Shenyang Chemical Co Ltd, Taixing Jurong Chemical Co Ltd, PJSC Sibur Holding, The Dow Chemical Company, Arkema SA, LG Chemicals, Mitsubishi Chemical, and Hexion Inc.
The report offers insights into the leading market players and presents an assessment of their current market position. Company information with regards to revenue, segmental share, geographical income, SWOT, growth strategies, new product launch, M&A activities, and the latest R&D initiatives is also available in the report.
Acrylic Acid Market Competitive Analysis:
Acrylic Acid Market appears to be highly fragmented and competitive owning to the presence of numerous large and small players active in regional market. Majority of the company participants in the acrylic acid market has adopted the strategy named acquisition, agreement, collaboration, expansion, investment, partnership, product launch, and regulations.
As the propylene price are increasing and the supply is diminishing rapidly, companies are trying to collaborate with propylene raw material suppliers and innovating new product such as bio acrylic acid in order to avoid raw material hassles. With advanced technology and innovative products offerings, manufactures are maintaining sustainable profits across the value chain. Major companies are extending their market share through expansion and agreement with distributors to meet the global demand.
Acrylic Acid Market Segmental Analysis:
MRFR’s report offers a detailed segmental analysis of the market based on type and application. By type, the acrylic acid market has been segmented into superabsorbent polymers, methyl acrylate, ethyl acrylate, water treatment polymers, 2-ethylhexyl acrylate, elastomers, butyl acrylate, and others. Among these, the superabsorbent polymers segment held the most significant share of the market in 2015. It is likely to retain a prominent share of the market during the forecast period thriving at a healthy CAGR. The growth is attributable to the increasing demand for the production of diapers, female hygiene products, and agricultural products.
By application, the market is segmented into surface coatings, adhesive & sealants, agriculture, plastic sheets, diapers, cement modifiers, and others. Among these, the diapers segment accounted for the maximum market share in 2015 and is expected to exhibit substantial growth over the assessment period. The factors responsible for encouraging the proliferation of the segment include growing attention towards baby hygiene, increasing disposable income, and rapid urbanization.
Acrylic Acid Market Regional Analysis:
Asia Pacific is the largest and the fastest growing industry for acrylic acid. Countries like China, India, Thailand and Indonesia are expected to grow at rapid pace due to increased spending on R&D facility along with economic development. Robust industry growth and extensive demand of acrylic acid in surface coatings and diapers is driving the regional market growth. Favourable government regulations and growing agriculture expenditure in China and India is anticipated to drive the market growth.
China is one of the major construction industry in Asia Pacific. Rising infrastructural development especially for tourism and easy trading activities is likely to boost the acrylic acid market. China accounted for the largest market share of 58.00% in 2014, with a market value of USD 2,635.5 Million and is projected to grow at the highest CAGR of 5.53% during the forecast period.
Acrylic Acid Market Table of Content:
1 Executive Summary
2 Scope of the Report
3 Market Research Methodology
4 Market Landscape
5 Industry Overview of Global Acrylic Acid Market
Acrylic Acid Market Table of Content to be Continue……,
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About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
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