Acrylic Acid Market Will Reach Height of USD 22.55 billion By 2025

Acrylate esters have a spectrum of applications in plastic additives, paper treatment, adhesives, textiles, surface coatings, and sealants.

It is also used in oil treatment chemicals, detergent intermediates, water treatment chemicals, and water absorbent polyacrylic acid polymers.

Global Acrylic Acid Market is anticipated to reach USD 22.55 billion by 2022. Acrylic acid is an organic compound having acrid smell or tart. A huge portion of this composite is used as a feedstock for obtaining acrylate esters.

The factors that propel the growth of the acrylic acid industry include growing demand for acrylic acid in developing markets and high demand from the surface diapers, coatings, and adult incontinence application sectors. On the other hand, there are factors that may hamper the growth of the market including strict environmental rules and extremely volatile prices of raw material. Acrylic Acid Market is anticipated to grow at a significant CAGR of 5.6% in the upcoming period as the scope, product types, and its applications are increasing across the globe.

Request Sample Copy of This Market Research @

https://www.millioninsights.com/industry-reports/acrylic-acid-market/request-sample

Acrylic Acid industry may be explored by product type, end users, and geography. The market may be explored by product type as Glacial Acrylic Acid, Acrylate Esters, and Others. The “Acrylate Esters” segment led the Acrylic Acid Market in 2015 and is anticipated to maintain its dominance by 2022.

The acrylic acid industry could be explored based on end users as Organic Chemicals, Surfactants, Textiles, Adhesives & Sealants, Personal Care Products, Water Treatment, and Others. The “Personal Care” segment led the market in 2015 and is anticipated to maintain its dominance by 2022 owing to rising demand for super absorbent polymers in these applications is anticipated to propel demand.

Asia-Pacific accounted for the major share of the Acrylic Acid Market Size in 2015 and will continue to lead in the forecast period. The factors that could be attributed to the growth include growing consumption for acrylic acid in surface adhesives, diapers, and coatings, and robust demand in Asia-Pacific. China is anticipated to grow exponentially in the forecast period. Asia-Pacific is followed by North America.

Browse Full Research Report @

https://www.millioninsights.com/industry-reports/acrylic-acid-market

Some of the key players that fuel the growth of the acrylic acid industry comprise LG Chem LTD, BASF, SIBUR, CinVic Chemical Holdings Limited, Dow Chemical Company, Evonik Industries Ag, and Arekma SA. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.

Market Segment:

Global Acrylic Acid Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 – 2022)
    • Acrylate Esters
    • Glacial Acrylic Acid
    • Others

Global Acrylic Acid End-Use Industry Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 – 2022)
    • Surfactants
    • Organic Chemicals
    • Adhesives & Sealants
    • Textiles
    • Water Treatment
    • Personal Care Products
    • Others

Author: Steve

Get in touch with us to get latest industry updates of #market #research #report 2021 with covid19 impact analysis, how industries or market is growing? What are the growth and business opportunities? What will be the future? Who will be the leader or competitors?

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s