Pune, 06, Dec, 2022: Maximize Market Research is a leading chemical and material research firm that delivers a detailed analysis of the Glacial Acrylic Acid Market. The report includes key business insights, demand analysis, pricing analysis and competitive landscape. The report expects the market to grow from USD 2.6 Billion in 2021 to USD 3.48 Billion by 2029 at a CAGR of 3.7 percent during the forecast period from 2022 to 2029.
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Glacial Acrylic Acid Market Scope and Research Methodology
The regional analysis of the Glacial Acrylic Acid Market at local, regional and global level covers small, medium and major producers prevailing in the market. This helps in understanding the dominant players in the market with their market share, demand, supply, natural endowments, economic conditions affecting the market and market pricing strategies used by them. It also gives a peek into the challenges faced by the region and the market structure with developments.
The report provides a detailed analysis of the Glacial Acrylic Acid Market by country, regional and global presence. By collecting historical data pertaining to the industry, current and future trends in the Glacial Acrylic Acid Market are presented in the report along with growth rate and market size forecasts.
The Glacial Acrylic Acid Market is segmented by application and region, with a focus on major firms such as market leaders, followers, and new entrants. Small and medium sized firms are also included in the analysis. The report is an investor’s guide that provides a comprehensive picture of the competitive landscape of leading players in the Glacial Acrylic Acid Market by goods and services, revenue, financial status, portfolio, growth strategies, and geographical presence.
The competitive analysis of the Glacial Acrylic Acid Market provides details of the goods and services, the company’s target market, the changes in consumer patterns over the forecast period and pricing comparison. Key players by region are profiled from a strategic perspective in the report. Several parameters such as price, services offered, target audience, design of the product and quality are assessed. Major manufacturers in the industry and listed by region, revenue, financial status, portfolio, technological advancements adopted, mergers and acquisitions, joint venture and strategic alliances in detail.
Data is collected using a mixture of both primary and secondary research methods. Surveys, administering questionnaires offline and online, and telephonic interviews with industry specialists, market leaders, entrepreneurs and marketing professionals were included in the primary methods. Secondary data was collected from reliable sources for maximum reliability of the inferences. This includes official databases of various organisations and government sites, industry journals, white papers, annual reports, company records, releases of product manufacturers and suppliers in the industry along with paid databases. The report thus provides a comprehensive analysis of the Glacial Acrylic Acid Market that helps investors and major companies decide their investment plans, make wise and data-driven decisions.
Glacial Acrylic Acid Market Overview
Glacial Acrylic Acid is a clear, colourless, foul-smelling liquid. It is an unsaturated carboxylic acid co-monomer also known as 2-Propenoic acid. It is considered to be a building block for making acrylic polymers in many industries. It is commonly used in water treatments, oil recovery, paints and coatings, adhesives, super absorbent polymers and detergents. This is because it lends properties such as strength, flexibility, durability, weather resistance and moisture resistance.
Glacial Acrylic Acid Market Dynamics
Glacial acrylic acid is the main component in the manufacture of superabsorbent. Given their ability to absorb and retain huge amounts of water, these absorbents are used for producing diapers and hygiene goods. The growth of industries that produce diapers and other goods of hygiene that require high water retention is expected to drive the glacial acrylic acid market.
The growth of the glacial acrylic acid market is also attributed to the variety of end-user industries. To name a few, there is leather, textiles, floor polish, scale inhibitors, plastics, hair styling, finishing products, paints, dispersants, automotive paint, and thickeners that use Glacial Acrylic Acid. Along with this, it is also found in a variety of esters used in drilling fluids, water treatment chemicals, detergent builders, mineral processing chemicals, and superabsorbent polymers.
Glacial Acrylic Acid Market Regional Insights
Asia-Pacific region held the largest market share in 2021 and is expected to grow at a CAGR of 5.4 percent. This growth is led by economies like China, Japan and India which are witnessing growth at a fast pace. The concentration of developing economies is driving the growth of diapers and other hygiene goods. Increasing disposable income in the hands of people is increasing the overall consumption rate in these countries. Urbanisation is increasing the demand for construction and housing. The region is also picking pace in adopting new technological advancements and innovations. These factors are expected to drive the regional Glacial Acrylic Acid Market growth.
North America is also expected to witness significant growth in the glacial acrylic acid market over the forecast period at a CAGR of 4.1 percent. Wastewater treatment in the region is a major factor in increasing the demand for the glacial acrylic acid market. The region is also home to major manufacturers and suppliers in the market. This leads to higher investments that encourage technological advances and research contributing to the glacial acrylic acid market growth.
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Glacial Acrylic Acid Market Segmentation
- Adult & Feminine Hygiene
- Adhesives, Coatings & Sealants
- Water Treatment
Glacial Acrylic Acid Market Key Manufacturers include:
- The Dow Chemical Company
- BASF SE
- Mitsubishi Chemical Corporation
- NIPPON SHOKUBAI CO., LTD.
- Formosa Plastics Corporation
- HAITUNG CHEMICALS CO., LTD.
- BASF PETRONAS Chemicals Sdn. Bhd
- Cargill, Incorporated
- Hexion Inc.
- LG Chem
- Novomer Inc
- Sanmu Group
- Shandong kaitai petrochemical Co., Ltd.
Key questions answered in the Glacial Acrylic Acid Market are:
- What is Glacial Acrylic Acid?
- What is the growth rate of Glacial Acrylic Acid Market for forecast period?
- What is the nature of competition in Glacial Acrylic Acid industry in developed and developing economies?
- Who are the key players in the Glacial Acrylic Acid Market?
- Who are the market leaders in Glacial Acrylic Acid in Europe?
- Who are the market leaders in Glacial Acrylic Acid in USA and Canada?
- Who are the market leaders in Glacial Acrylic Acid in India, China, Japan and South Korea?
- What are the factors affecting growth in the Glacial Acrylic Acid Market?
- Who held the largest market share in Glacial Acrylic Acid Market?
- What are the factors for the growth of Asia-Pacific region in Glacial Acrylic Acid Market?
- Market Share, Size & Forecast by Revenue | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
- Market Segmentation – A detailed analysis by application and Region
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
Maximize Market Research is leading chemical and materials research firm, has also published the following reports:
Acrylic Adhesives Market: Acrylic Adhesives Market size was valued at US$ 11.08 Bn. in 2021 and the total revenue is expected to grow at a CAGR of 5.81% from 2022 to 2029, reaching nearly US$ 17.41 Bn. One of the key factors driving market growth is extensive R&D activity and ongoing innovations. Acrylic adhesives have distinguishing qualities including high performance and the capacity to be used in a variety of end-use industries, including the construction, packaging, and pharmaceutical sectors.
Acrylic Teeth Market: Acrylic Teeth Market size was valued at US$ 3.16 Bn. in 2021 and the total revenue is expected to grow at a CAGR of 8.95% through 2022 to 2029, reaching nearly US$ 6.27 Bn. Acrylic teeth are easy to construct and compatible in nature, hence the market for acrylic teeth is developing rapidly. Furthermore, the acrylic teeth market benefits from an increase in the edentulous population, an increase in dental caries occurrences, an increase in the population’s disposable income, and an increase in other periodontal disease instances.
Acrylic Resins Market: Acrylic Resins Market was valued at USD 15.79 Bn in 2021, and is expected to reach USD 22.11 Bn. by 2029, at a CAGR of 4.3 % during forecast period 2022-2029. Rapid urbanization and industrialization particularly in emerging economies such as China, India, Brazil, have prompted governments to increase construction spending. This trend is expected to drive acrylic resin demand in construction and architectural applications.
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