San Francisco, 04 March,
Acrylic Acid Market Analysis, By Product (Acrylate Esters, Glacial Acrylic
Acid), By End-Use (Surfactants and Surface Coatings, Organic Chemicals,
Adhesives, Textiles, Water Treatment, Personal Care Products), Bio Acrylic Acid
Downstream Potential And Segment Forecasts To 2022
Global acrylic acid market is expected to reach USD
22.55 billion by 2022, according to a new study by Grand View Research, Inc.
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.
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.
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Report On Acrylic Acid Market Analysis:
Further key findings from the study suggest:
·
Global acrylic acid market
demand was 5,750.0 kilo tons in 2014 and is expected to reach 8,750.0 kilo tons
by 2022, growing at a CAGR of 5.6% 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.
·
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.
·
North America and Europe are
mature markets and are characterized by strong focus towards commercializing
bio-based acrylic acid. Companies such as Novozymes, Cargill, BASF and OPX Bio
have successfully developed bio-based sources on pilot scale and are moving
towards commercial operations.
·
Global acrylic acid market
share is dominated by BASF, Arkema, Dow Chemical and Nippon who accounted for
over 45% in 2014. The industry is moderately consolidated in nature and moving
towards developing acrylic acid from bio-based feedstock.
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Grand View Research At: https://www.grandviewresearch.com/industry/organic-chemicals-and-compounds
Grand View Research has segmented the
global acrylic acid market on the basis of product, end-use and region:
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
Acrylic Acid Regional Outlook
(Volume, Kilo Tons; Revenue, USD Million, 2012 - 2022)
·
North America
o
U.S.
o
Canada
o
Mexico
·
Europe
o
Germany
o
France
o
Belgium
·
Asia Pacific
o
China
o
India
o
Japan
·
Central & South America
o
Brazil
·
Middle East & Africa
o
Saudi Arabia
Browse Press
Release of this Report:
https://www.grandviewresearch.com/press-release/global-acrylic-acid-market
https://www.grandviewresearch.com/press-release/global-acrylic-acid-market
About Grand View
Research
Grand View
Research provides syndicated as well as customized research reports and
consulting services on 46 industries across 25 major countries worldwide. This
U.S.-based market research and consulting company is registered in California
and headquartered in San Francisco. Comprising over 425 analysts and
consultants, the company adds 1200+ market research reports to its extensive
database each year. Supported by an interactive market intelligence platform,
the team at Grand View Research guides Fortune 500 companies and prominent
academic institutes in comprehending the global and regional business
environment and carefully identifying future opportunities.
For more
information: www.grandviewresearch.com/
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