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Acrylic Acid Market Present Scenario and Growth Prospects till 2022

Increasing glacial acrylic acid (GAA) demand in superabsorbent polymers (SAP) production is expected to remain key driving factor for market growth. Growing SAP scope in niche segments including adult incontinence, water treatment chemicals and radiation cured coatings in emerging markets of Asia Pacific and Central & South America is expected to play a significant role in demand development.  

The Global Acrylic Acid Market is expected to reach USD 22.55 billion by 2022, according to a new study by Grand View Research, Inc.
    
                                 
Acrylate esters were the largest product consumed with demand share estimated over 50% in 2014. Growing demand for derivatives such as ethyl acrylate, butyl acrylate and 2-EHA in paints, coatings and textiles is expected to drive the product’s growth. Glacial acrylic acid is expected to witness the highest growth of 5.7% from 2015 to 2022.

Personal care products formed the largest end-use industry and accounted for 30% of total market volume in 2014. Increasing adult incontinence products demand on account of growing geriatric population base in Europe and Japan coupled with increasing population of baby boomers in the U.S. is expected to drive this segment over the forecast period. Surfactants & surface coatings is expected to witness significant gains in its market size over the forecast period.

To Know More About Acrylic Acid Market Please Visit Us @ https://www.grandviewresearch.com/industry-analysis/acrylic-acid-market

Asia Pacific led the global acrylic acid industry with demand share exceeding 48% in 2014. Low manufacturing cost associated with superabsorbent polymers (SAP) in China and India has ensured continuous demand for acrylic acid in the region. China alone accounted for over 50% of total regional demand in 2014.

Top Players of Acrylic Acid Market:

Global Acrylic Acid Market share is dominated by BASF, Arkema, Dow Chemical and Nippon who accounted for over 45% in 2014.

Market Segmentation of Acrylic Acid Market:

The Global Acrylic Acid Market Segmented on the basis of Product and End-Use.

By products:

    Acrylate Esters
    Glacial Acrylic Acid

By End-Use:

    Surfactants
    Organic Chemicals
    Adhesives & Sealants
    Textiles
    Water Treatment
    Personal Care Products

Inquire about Acrylic Acid Market with Our Experts @ https://www.grandviewresearch.com/inquiry/366
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