The modern-day document posted via Report Ocean, titled “Acrylic Acid Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023 to 2031,” affords a complete evaluation of the industry, which includes insights on the market trends. The file additionally consists of competitor and regional analysis, and present-day developments in the market. This document can serve as a fantastic information for investors, researchers, consultants, advertising strategists and all these who are planning to foray into the market in any form.
Acrylic acid end-user market is segmented into diapers, surface coatings, adhesives and sealants, plastic additive industry, water treatment industry, textiles, surfactants, and others. Currently, acrylic acid is majorly consumed in manufacturing diapers. The diaper segment is the fastest growing segment, growing at a CAGR of 7.7% during the forecast period, and is expected to dominate the global acrylic acid market till 2022. Acrylic acid is an organic compound with tart or acrid smell characteristic. It is mainly used as a feedstock in the production of acrylate esters. Acrylate esters have a broad spectrum of application in plastic additives, textiles, sealants, adhesives, and surface coatings. Industries develop and implement commercialized processes for producing acrylic acid from petrochemicals. Manufacturers are using bio-based techniques to produce acrylic acid from renewable sources, such as, glycerol, and sugar, because of stringent regulations. Renewable feedstock shows cost competitive outcomes as compared to petrochemical routes.
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Soaring demand for superabsorbent polymers and widespread adoption of acrylic-based products in emerging economies, such as Asia-Pacific, are the factors that drive the acrylic acid market. Stringent government regulations are imposed on the use of acrylic acid because of environmental concerns in regions such as North America and Europe, which acts as a major restraint for the growth of this market. Commercialization of bio-based acrylic acid and saturated demand for poly (methyl methacrylate) or PMMA resins in various industries is likely to present varied opportunities for the growth of this market. Hence, the producers of acrylic acid focus on R&D to find bio-based sources for the production of acrylic acid.
The acrylic acid market by derivative type is segmented into acrylic esters, acrylic polymers, and other derivatives. Acrylic polymers were the major type in 2015, and may continue to lead the market till 2022. These are widely used for coatings, binders, gun turrets, bomber noses, aircraft canopies, and in cosmetic industry among others. Acrylic polymers are popular for their stability, superior technology, and chemical purity because of which they are used in applications where there is a need for resistance to aging & weathering, transparency, and color stability.
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The acrylic acid market is segmented by geography into North America, Europe, Asia-Pacific, and LAMEA. In 2015, Asia-Pacific was the largest revenue-generating region, and it is likely to dominate the revenue streams up to 2022. LAMEA is the fastest growing region, growing at a CAGR of 7.4% during the forecast period. The region has a lucrative market for the production of crude acrylic acid owing to the presence of the worlds largest petrochemicals plays.
The key strategies adopted by the companies to expand in the acrylic acid market are expansions, joint ventures, and product launches. A strategic analysis of the companies reveals that most of the companies concentrate on product launch and expansion. These strategies resulted in the advancement of technology and diversification of the products in untapped areas. This led to diversification of their business in industries such as surfactants, surface coatings, adhesives, sealants, plastics additives, among others.
COVID-19 Impact
In 2019, the COVID-19 epidemic swept the globe. It brought everything to a halt. It had an impact on the entire world economy. Moreover, a great number of people have also perished. In total, 5,091,465 fatalities and 252,297,094 cases of COVID-19 have been reported worldwide. A majority of the nations on earth were affected by the pandemic. The pandemic brought some kind of loss in the majority of industries. The epidemic caused a slowdown in the chemical industry as well. According to Statista, the business generated over US$ 3.94 trillion in worldwide sales in 2019. An all-time high of US$5.4 trillion in revenue was produced by the sector in 2014.
The level of rivalry among well-known international corporations has been determined by studying a number of key industries, as well as market competition, market share, current developments in the sector, novel product launches, alliances, mergers, and acquisitions by key corporations.
Key Benefits
The report provides a quantitative analysis of the current market trends and future estimations from 2015 to 2022, which assists in identifying the prevailing market opportunities.
Region-wise market conditions of acrylic acid are comprehensively analyzed in the report.
Exhaustive analysis of the world acrylic acid market by end consumption type helps in understanding the types of acrylic acid that are currently being used along with the variants that are likely to gain prominence in the future.
Competitive intelligence (of leading manufacturers of acrylic acid) helps in understanding the competitive scenario across the geographic regions.
SWOT analysis highlights the strengths, weakness, threats, and opportunities of leading companies operating in the market.
Key market players in this market are profiled in the report and their strategies are analyzed thoroughly, which help in understanding the competitive outlook of the world acrylic acid market.
Key companies profiled in the report include Dow Chemical Company, BASF SE, Arkema SA, Lubrizol Corporation, LG Chem LTD., Evonik Industries Ag, SIBUR, Myriant Corporation, SunVic Chemical Holdings Limited, and Hexion Inc.
ACRYLIC ACID MARKET BY SEGMENTS:
By Derivative Type
Acrylic Esters
Methyl Acrylate
Ethyl Acrylate
Butyl Acrylate
Ethylhexyl Acrylate
Acrylic Polymers
Acrylic Elastomers
Superabsorbent Polymers
Water Treatment Polymers
Other Derivatives
Ammonium Polyacrylate
Cyanopolyacrylate
By End Use Segment
Diapers
Surface Coatings Industry
Adhesives & Sealants Industry
Plastic Additives Industry
Water Treatment Industry
Textiles
Surfactants
Others
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By Geography
North America
U.S.
Rest of NA
Europe
France
Germany
Rest of EU
Asia-Pacific
China
Japan
Rep. of Korea
Rest of APAC
LAMEA
Brazil
Middle East
Rest of LAMEA
Table of Content:
- Report Overview
- Global Growth Trends
- Competition Landscape by Key Players
- Data Segments
- North America Market Analysis
- Europe Market Analysis
- Asia-Pacific Market Analysis
- Latin America Market Analysis
- Middle East & Africa Market Analysis
- Key Players Profiles Market Analysis
- Analysts Viewpoints/Conclusions
- Appendix
In this report, the key questions answered:
- How has the adoption of Market impacted COVID-19?
- What are the key market tips in key areas?
- Which utilized sciences are most impacting the anticipated global enterprise?
- Who are the major global game enthusiasts in modern times dominating the Market?
- How do AI clients turn out to be conscious of technological knowledge in strolling theatres?
- What are the vital corporation fashions determined via way of the foremost market players?
- What are the key factors that will have an effect on the expand of Market globally?
- How foremost game enthusiasts in the Global corporation environment are incorporating key
- What is the present day income contribution of distinct product kinds in the market and what are the predicted changes?
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