Acrylic Acid Market Forecasts, Market Trends and Impact Analysis (2024 - 2031)

The "Acrylic Acid Market" prioritizes cost control and efficiency enhancement. Additionally, the reports cover both the demand and supply sides of the market. The Acrylic Acid market is anticipated to grow at an annual rate of 6.3% from 2024 to 2031.

This entire report is of 137 pages.

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Acrylic Acid Market Analysis

Acrylic acid, a vital industrial chemical, serves as a precursor for superabsorbent polymers and various coatings and adhesives. The market is driven by increased demand in the automotive, construction, and agricultural sectors. Major players including BASF, DowDuPont, and Nippon Shokubai dominate the landscape, leveraging advanced technologies and strategic expansions. Key factors driving revenue growth include rising consumer needs for high-performance materials and eco-friendly products. The report identifies trends in product innovation and sustainability as critical for competitiveness. Recommendations emphasize investment in R&D and collaboration for enhanced product offerings, capitalizing on emerging markets to boost growth.

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The acrylic acid market is witnessing significant growth, driven by diverse applications across industries. Key types include Acrylic Acid 100%, Acrylic Acid 80%, and Acrylic Acid/Toluene, catering to specific industrial needs. Super Absorbent Polymers (SAP) emerge as a major application, utilized primarily in diapers and feminine hygiene products. Additionally, acrylic acid serves vital functions as dispersants, flocculants, thickening agents, and adhesives, ensuring its relevance in various sectors.

Regulatory and legal factors play a crucial role in shaping market dynamics. Manufacturers must comply with stringent environmental regulations regarding emissions and waste disposal, particularly in regions like Europe and North America. Safety standards established by agencies, including OSHA and REACH, necessitate rigorous testing of acrylic acid products to ensure safe handling and use. Moreover, the ongoing push for sustainability promotes the adoption of bio-based alternatives, influencing market competitiveness. As companies adapt to these regulatory landscapes, they must balance compliance with innovation to succeed in the evolving acrylic acid market. Overall, the intersection of diverse applications and regulatory considerations positions acrylic acid as a vital component across numerous industries, driving ongoing market growth and development.

Top Featured Companies Dominating the Global Acrylic Acid Market

The acrylic acid market is characterized by a diverse competitive landscape, with several key players that contribute to its growth through innovation, strategic partnerships, and a wide range of applications. Major companies such as BASF, DowDuPont, Nippon Shokubai, and Akema dominate the sector, each leveraging their technological expertise and extensive distribution networks.

BASF and DowDuPont are notable for their advanced production capabilities and sustainable manufacturing practices, which position them as leaders in the market. Nippon Shokubai focuses on developing high-performance acrylic acid solutions for various end-uses, including superabsorbent polymers and coatings. Akema emphasizes cost-effective production processes, enhancing its competitiveness in pricing.

Formosa, LG Chem, and Mitsubishi Chemical expand the market by introducing innovative products tailored for specific applications, such as adhesives and textiles. Their focus on R&D aids in meeting evolving customer needs and regulatory requirements. Companies like Toagosei and Sasol enhance market growth through collaborations and joint ventures, strengthening their market presence.

Hexion and Idemitsu Kosan innovate in specialty acrylic products while Jiangsu Jurong and HUAYI emphasize scale and efficiency in production, further bolstering supply chains. Satellite, BASF-YPC, and Sanmu Group focus on harnessing local market opportunities, contributing to regional demand. Shandong Kaitai, CNOOC, ChemChina, and CNPC leverage their extensive resources to meet both domestic and international markets.

In terms of sales revenue, companies like BASF, DowDuPont, and LG Chem report billions, showcasing their significant impact on the acrylic acid sector. Their commitment to sustainability, technological advancements, and market diversification ensures they play a critical role in the growth trajectory of the acrylic acid market, driving innovations and expanding applications. Through this dynamic ecosystem, the acrylic acid market is poised for continued expansion.

• Basf
• DowDuPont
• Nippon Shokubai
• Akema
• Formosa
• LG Chem
• Mitsubishi Chem
• Toagosei
• Sasol
• Hexion
• Idemitsu Kosan
• Jiangsu Jurong
• HUAYI
• Satellite
• Basf-YPC
• Sanmu Group
• Shandong Kaitai
• CNOOC
• ChemChina
• CNPC
• Eastern Petr

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Acrylic Acid Segment Analysis

Acrylic Acid Market, by Application:

• Super Absorbent Polymers (SAP)
• Dispersants
• Flocculants
• Thickening Agents
• Adhesives

Acrylic acid is a versatile chemical used in various applications, including super absorbent polymers (SAP), which are crucial in diapers and feminine hygiene products due to their ability to absorb large volumes of liquid. It serves as a key component in dispersants, enhancing the stability of suspensions in paints and coatings. As a flocculant, it aids in water treatment by aggregating particles for easier removal. In thickening agents, acrylic acid increases viscosity in various formulations. Its role in adhesives enhances bonding strength. The fastest-growing application segment in terms of revenue is super absorbent polymers, driven by increasing demand for hygiene products.

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Acrylic Acid Market, by Type:

• Acrylic Acid 100%
• Acrylic Acid 80%
• Acrylic Acid/Toluene

Acrylic acid comes in several forms, including 100%, 80%, and acrylic acid/toluene mixtures. Acrylic acid 100% is utilized for high-purity applications, ensuring optimal performance in manufacturing superabsorbent polymers and coatings. Acrylic acid 80% offers a cost-effective option while maintaining efficiency for various industrial processes. The acrylic acid/toluene blend serves as a solvent, enabling ease of handling and transport. The flexibility of these formulations meets diverse market needs, driving demand in sectors like adhesives, textiles, and paints. As industries increasingly prioritize high-performance, versatile materials, the varied forms of acrylic acid are crucial in sustaining market growth and innovation.

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Regional Analysis:

North America:

• United States


• Canada

Europe:

• Germany


• France


• U.K.


• Italy


• Russia

Asia-Pacific:

• China


• Japan


• South Korea


• India


• Australia


• China Taiwan


• Indonesia


• Thailand


• Malaysia

Latin America:

• Mexico


• Brazil


• Argentina Korea


• Colombia

Middle East & Africa:

• Turkey


• Saudi


• Arabia


• UAE


• Korea

The acrylic acid market is poised for significant growth across various regions, led by North America and Asia-Pacific. The United States is a major contributor, while China is expected to dominate the market due to its robust industrial base. Europe, particularly Germany and the ., showcases steady demand. By valuation, North America is predicted to hold approximately 30% of the market share, with Asia-Pacific following closely at around 35%. Europe will likely account for 25%, while Latin America and the Middle East & Africa will capture about 5% each. Growing applications in superabsorbent polymers and coatings drive this expansion.

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