Acrylic Acid Market Size Worth $ 17.25 Billion By 2032 | CAGR: 5.0%

The global Acrylic Acid market size is expected to reach USD 17.25 billion by 2032, according to a new study by Polaris Market Research. The report “Acrylic Acid Market Share, Size, Trends, Industry Analysis Report, By Derivative Type (Acrylate Esters, Glacial Acrylic Acid and Other Acrylic Acid Products); By Application; By Region; Segment Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The acrylic acid market is expanding due to rising demand from application industries such as those producing adhesives and sealants, water treatment polymers, surface coatings, textiles, and plastic additives, among others. Additionally, rising demand for acrylic acid from emerging markets is anticipated to boost market expansion.

The bio-based acrylic, made from renewable resources, may introduce new business options for producers. Unsaturated carboxylic acid and acrylic acids are produced by manufacturers using bio-based methods. Many businesses, like Dow Chemical, LG Chem, and Cargill, have effectively incorporated bio-based components into their production processes.

Growing public awareness of the negative consequences of synthetic materials has encouraged the chemical industry to use environmentally friendly manufacturing methods for acrylic acid. Additionally, the demand for renewable raw resources is growing due to the rising oil price.

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According to the UK Fashion and Textile Association, consumer spending on apparel and textiles has been growing over the past ten years. Textile, apparel, and retail footwear sales online grew, which has increased the production of SAPs and, ultimately, has raised the demand for acrylic acids.

Acrylic Acid Market Report Highlights

• Acrylate Esters held the revenue share. As it is being used in textiles, diapers & training pants, adhesives & sealants, surface coatings, and many other products, which is projected to drive market expansion.
• Asia pacific dominates the market in 2022. China, Japan, and Australia are predicted to experience significant expansion. The industry is expected to create as the Asia Pacific becomes increasingly urbanized. Once more, increasing regional investment in the chemical industry is anticipated to promote market expansion.
• The global key market players include BASF SE, Lucite International, Lucite International, Dow Chemical, Mitsubishi Chemical Corporation, LG Chem, Cargill Incorporated, The Lubrizol Corporation, Nippon Shokubai Co., Ltd., Arkema S.A., SNP Inc., Ashland, and Kemira Oyi.

Polaris Market Research has segmented the Acrylic Acid market report based on Derivative Type, Application, and region:

Acrylic Acid, Derivative Type Outlook (Revenue - USD Billion, 2019 - 2032)

• Acrylate Esters
• Glacial Acrylic Acid
• Other Acrylic Acid Products

Acrylic Acid, Application Outlook (Revenue - USD Billion, 2019 - 2032)

• Paints and Coatings
• Adhesives and Sealants
• Surfactants
• Sanitary Products
• Textiles
• Other Applications

Acrylic Acid, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

• North America

• U.S.
• Canada

• Europe

• Germany
• UK
• France
• Italy
• Spain
• Russia
• Netherlands

• Asia Pacific

• China
• India
• Japan
• South Korea
• Indonesia
• Malaysia

• Latin America

• Argentina
• Brazil
• Mexico

• Middle East & Africa

• UAE
• Saudi Arabia
• Israel
• South Africa

Acrylic Acid Market Report Scope