Acrylic Acid and its Derivatives Market Analysis: Its CAGR, Market Segmentation and Global Industry Overview

Acrylic Acid and its Derivatives Introduction

The Global Market Overview of "Acrylic Acid and its Derivatives Market" offers a unique insight into key market trends shaping the industry world-wide and in the largest markets. Written by some of our most experienced analysts, the Global Industrial Reports are designed to provide key industry performance trends, demand drivers, trade, leading companies and future trends. The Acrylic Acid and its Derivatives market is expected to grow annually by 4.6% (CAGR 2024 - 2031).

Acrylic acid is a colorless liquid with a sharp, irritating odor. It is a key building block for the production of various acrylic derivatives including acrylic esters, polymers, and super absorbent polymers. Acrylic acid and its derivatives are widely used in industries such as textiles, adhesives, coatings, and personal care products.

The purpose of acrylic acid and its derivatives is to provide superior performance characteristics such as excellent adhesion, UV resistance, and water absorbency. Additionally, these products offer versatility in formulation and processing which makes them ideal for a wide range of applications.

Advantages of acrylic acid and its derivatives include high chemical resistance, thermal stability, and durability. They also contribute to the sustainability of products due to their low carbon footprint and recyclability.

In conclusion, the increasing demand for acrylic acid and its derivatives in various industries is expected to have a significant impact on the acrylic acid and its derivatives market, driving growth and innovation in the coming years.

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Market Trends in the Acrylic Acid and its Derivatives Market

- Growing demand for superabsorbent polymers: Superabsorbent polymers, derived from acrylic acid, are increasingly being used in personal care products, agriculture, and construction.

- Shift towards sustainable production methods: Companies are exploring greener production methods for acrylic acid and its derivatives to meet increasing environmental regulations and consumer preferences for eco-friendly products.

- Rising demand for acrylic acid in the automotive industry: Acrylic acid is used in automotive coatings and adhesives, with increasing demand for lightweight materials driving market growth.

- Technological advancements in acrylic acid production: Continuous improvements in production processes and the development of innovative technologies are driving market growth by enhancing efficiency and reducing costs.

- Increasing focus on R&D for new applications of acrylic acid derivatives: Research and development efforts are focused on discovering new applications and properties of acrylic acid derivatives, leading to a wider range of products in various industries.

Overall, the Acrylic Acid and its Derivatives market is expected to grow significantly in the coming years due to these cutting-edge trends shaping the industry.

Market Segmentation

The Acrylic Acid and its Derivatives Market Analysis by types is segmented into:

• Acrylic Acid
• Acrylic Acid Derivatives

Acrylic Acid is a colorless liquid with a sharp, acrid odor, and it is the simplest unsaturated carboxylic acid primarily used in the production of various polymers and resins. Acrylic Acid Derivatives include products like methyl acrylate, ethyl acrylate, and butyl acrylate which have their unique applications in industries like adhesives, paints, and textiles. These derivatives contribute to the growth of the Acrylic Acid and its Derivatives market by expanding the range of products available for various applications, thereby increasing the overall demand for these chemicals.

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The Acrylic Acid and its Derivatives Market Industry Research by Application is segmented into:

• Superabsorbent
• Paints & Coating
• Adhesives
• Textiles

Acrylic acid and its derivatives are widely used in various applications such as superabsorbent polymers for diapers, paints and coatings for protection and decoration, adhesives for bonding materials, and textiles for improved properties. Acrylic acid is used as a precursor to produce superabsorbent polymers, while its derivatives like acrylic esters are used in the production of paints, adhesives, and textiles. The fastest growing application segment in terms of revenue is superabsorbent polymers due to the increasing demand for disposable hygiene products like diapers, sanitary napkins, and adult incontinence products.

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Geographical Spread and Market Dynamics of the Acrylic Acid and its Derivatives Market

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 and its Derivatives market is experiencing significant growth and opportunities in various regions across the globe. In North America, the United States and Canada are key markets due to the growing demand for acrylic acid in industries such as automotive, construction, and textiles. In Europe, countries like Germany, France, the ., Italy, and Russia are witnessing a rise in the production and consumption of acrylic acid derivatives. The Asia-Pacific region, particularly China, Japan, South Korea, India, Australia, Indonesia, Thailand, and Malaysia, is expected to drive market growth with increasing investments in infrastructure and manufacturing sectors. Latin America, including Mexico, Brazil, Argentina, and Colombia, is also showing potential for market expansion. The Middle East & Africa region, including Turkey, Saudi Arabia, UAE, and Korea, offers lucrative opportunities for market players. Key players like BASF, DOW, Nippon Shokubai, and other major companies are focusing on strategic partnerships, new product launches, and technological advancements to drive market growth.

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Acrylic Acid and its Derivatives Market Growth Prospects and Market Forecast

The expected CAGR for the Acrylic Acid and its Derivatives Market during the forecasted period is projected to be around 5-6%. Innovative growth drivers in this market include the increasing demand for superabsorbent polymers in various industries such as personal care, agriculture, and healthcare. Additionally, the growing adoption of acrylic acid in adhesives, coatings, and sealants is expected to drive market growth.

To increase growth prospects in the Acrylic Acid and its Derivatives Market, companies can focus on deploying innovative strategies such as investing in R&D to develop advanced products with enhanced properties. Furthermore, leveraging strategic partnerships and collaborations with key players in the industry can help companies expand their market reach and customer base.

In terms of trends, the market is witnessing a rising demand for bio-based acrylic acid derivatives, driven by growing environmental concerns and regulatory mandates. Companies can capitalize on this trend by investing in sustainable production methods and developing eco-friendly acrylic acid derivatives to cater to the evolving preferences of consumers. Overall, by embracing innovation and staying abreast of industry trends, companies in the Acrylic Acid and its Derivatives Market can unlock new growth opportunities and ensure long-term success.

Acrylic Acid and its Derivatives Market: Competitive Intelligence

• BASF
• DOW
• Nippon Shokubai
• Akema
• Formosa
• LG Chem
• Mitsubishi Chem
• Toagosei
• Sasol
• Hexion
• Idemitsu Kosan
• HUAYI
• Satellite
• BASF-YPC
• Sanmu Group
• Shandong Kaitai
• CNOOC
• ChemChina
• CNPC

1. BASF: BASF is a leading player in the acrylic acid and its derivatives market, with a strong focus on innovation and sustainability. The company has a history of robust financial performance and has been actively expanding its presence in key markets. BASF's revenue in 2020 was $ billion.

2. DOW: DOW is a global leader in the chemicals industry, with a strong presence in the acrylic acid and its derivatives market. The company has a history of innovation and sustainability, driving growth and profitability. DOW's revenue in 2020 was $42.98 billion.

3. Nippon Shokubai: Nippon Shokubai is a Japanese chemicals company with a strong presence in the acrylic acid and its derivatives market. The company has a history of reliable performance and is known for its focus on research and development. Nippon Shokubai's revenue in 2020 was $3.2 billion.

4. LG Chem: LG Chem is a South Korean chemicals company that has been expanding its presence in the acrylic acid and its derivatives market. The company has a strong track record of growth and profitability, driven by innovation and strategic investments. LG Chem's revenue in 2020 was $25.2 billion.

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