Acrylic Acid Market Size, Share, Growth, and Industry Analysis, By Type (Acrylic Acid 100%, Acrylic Acid 80%, & Acrylic Acid/Toluene), By Application (Super Absorbent Polymers (SAP), Detergent, Water Treatment & Others), and by Regional Insights and Forecast to 2033

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ACRYLIC ACID MARKET OVERVIEW

The global Acrylic Acid Market in terms of revenue was estimated at USD 3.8 billion in 2024. Over the forecast period from 2024 to 2033, the market is anticipated to grow at a CAGR of 4.5%, reaching an estimated valuation of around USD 5.65 billion by 2033.

Acrylic acid is a natural compound with a chemical formula of C₃h₄o₂. It is a colorless liquid with a sharp odor and is known for its high reactivity. Acrylic acid is specially used as a building block for the production of a huge variety of polymers, which includes superabsorbent polymers, glue, sealant and coating. It performs a vital role in the production of products including diapers, textiles, paints and plastic, which is due to the capacity to make durable and water -repellent materials.

The acrylic acid market is experiencing a big boom due to the growing call for in one-of-a-kind very last use industries. Increasing use of superabsorbent polymers in hygiene merchandise together with toddler diapers, grownup incontinence elements, and feminine hygiene products is a critical growth driver. In addition, increasing building and motorbike regions are increasing the demand for paint, coating and glue products of acrylic acid. Environmental issues are also shifting closer to a water change-based based totally acrylic components, which expands the marketplace. The emerging economy, industrialization and technological development in production strategies create attractive opportunities for market expansion.

COVID-19 IMPACT

"The Acrylic Acid Industry Had a Negative Effect Due to the Disruptions in the Supply Chain During the COVID-19 Pandemic."

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.

In the early stages of the epidemic, Lockdown and limitations led to a temporary closure of production facilities and limited transport of raw materials. This delayed production and distribution, which led to lack of offers and costs. In addition, the decline in demand from industries such as motor vehicles and construction during the closure period has adversely affected the market. However, the demand for hygiene products increased, and partially equalized the decline and highlighting the flexibility of the market in the necessary applications.

LATEST TREND

"Shift Towards Bio-Based Acrylic Acid to Accelerate Market Growth"

Traditionally derived from petroleum-based sources, manufacturers are now shifting to the production of acrylic acid from Akshay raw materials such as glycerin and biomass. This infection is largely inspired by consumers' demand to strengthen environmental considerations, strict government rules for carbon emissions, and permanent products. Biobased acrylic acid gives a more environmentally pleasant opportunity without compromising performance, mainly attractive for packages in hygiene products, coatings, and glue. When massive businesses spend money on green technology, this trend is expected to form the destiny panorama in the marketplace.

Acrylic Acid MARKET SEGMENTATION

By Type

Based on type, the global market can be categorized into acrylic acid 100%, acrylic acid 80%, & acrylic acid/toluene.

• Acrylic acid 100%: The pure form of acrylic acid, mainly superburcent polymers and high down demonstrations are used in the production of coatings, where high reactions and purity are necessary.

• Acrylic acid 80%: A thin form of acrylic acid, usually used in applications where high purity is not required, for example, in glue and textiles.

• Acrylic acid/toluene: A mixture used in special applications, especially in solvent-based systems, such as some paints and coatings.

By Application

Based on application, the global market can be categorized into Super Absorbent Polymers (SAP), detergent, water treatment,& others.

• Super Absorbent Polymer (SAP): Acrylic acid is a vital component of the production of superabsorbent polymers, which might be broadly used in hygiene products such as diapers, personal incontinence products and female hygiene products.

• Detergent: Acrylic acid is used in detergent formulations to improve cleaning performance and provide better unfold and balance in liquid detergents, in addition to helping prevent stains and enhance substance care.

• Water remedy: Acrylic acid is utilized in water remedy programs, mainly within the manufacturing of water -soluble polymers that assist cast off the flocs and impurities, and make sure cleaner water.

MARKET DYNAMICS

Market dynamics include driving and restraining factors, opportunities, and challenges stating the market conditions.

Driving Factors

"Growing Applications in Water Treatment to Boost the Market"

A driving factor in the Acrylic Acid market growth is the growing applications in water treatment. The increasing demand for water treatment solutions is another important driver for the acrylic acid market. Acrylic acid is an essential factor within the manufacturing of water -soluble polymers utilized in water treatment programs. These particle polymers play a vital role in flocculation, that is, the method of doing away with suspended debris from water. As the troubles of global water shortages and pollution placed extra strain, the requirement for effective water treatment solutions has increased. Municipal, industry and authorities invest enormous investments in improving water quality, which directly increases the demand for acrylic acid. In addition, accelerates the raising of awareness of environmental and use green technologies. The use of acrylic acid -based water treatment solutions.

"Expanding Use in Coatings and Adhesives to Expand the Market"

Another important driver for the acrylic acid market is its widespread use in coating and glue. Acrylic acid is an important component of water -based paints, coatings and glue production, which increases rapidly in demand in industries such as construction, motor vehicles and consumables. As environmental rules become strict, there is a water change -based system, which requires acrylic acid to provide desired properties such as desired properties, weather resistance and adhesion. In addition, inspired by the rapid growth in the construction sector, inspired by the development of urbanization and infrastructure, have contributed to further contributions to acrylic acid -based coatings and increasing demand for glue.

Restraining Factor

"Volatility in Raw Material Prices to Impede Market Growth"

One of the biggest preventive factors for the acrylic acid market is volatility in the costs of raw substances. Acrylic acid is specially derived from propylene, one of the made from petroleum refining. Lift in crude oil fees may have a sizeable impact on the value of propylene, which in turn affects the entire production cost of acrylic acid. The international oil market can be unpredictable, sudden adjustments in price can push employment instability, geopolitical stress, delivery-missing imbalance, and other elements. These charge fluctuations can lessen the income margins for producers and counteract long -term investments in acrylic acid production. In addition, the fees of excessive raw substances can growth the costs of the final merchandise, which could prevent market boom, mainly in globally sensitive regions.

Opportunity

"Growing Demand for Cleaner Fuel Alternatives Could Be an Opportunity in the Market"

An important opportunity in the acrylic acid market is the growing demand for BI-based acrylic acid. With increasing environmental considerations and strict rules for volatile organic compounds (VOCs) emissions, there is a shift to permanent alternatives. Bio-based acrylic acid produced from renewable resources such as glycerol and sugar provides a low carbon footprint and corresponds to global stability targets.

Challenge

"Navigating Complex Regulatory Landscapes Could Be a Potential Challenge for Consumers"

The upcoming challenge in the acrylic acid market is the availability of better economic alternatives. Alternative resins and utilizing agents, such as methacrylate and other biobased materials, are given traction due to their comparable properties and potentially low environmental effects. These alternatives are quickly adopted in industries such as painting, coating, and personal care products, which can limit the demand for traditional acrylic acid. Increasing preference for these alternatives is a competitive challenge for acrylic acid manufacturers.

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Acrylic Acid MARKET REGIONAL INSIGHTS

• North America

North America is the fastest-growing region in this marketplace and holds the maximum Acrylic Acid market share. North America has a prominent place in the global acrylic acid market due to several factors, including strong industrial development, high demand for acrylic acid-based products and significant technology. The region is home to major players in the chemical production industry, especially the United States in, where acrylic acid is widely used in the production of superabsorbent polymer (SAPS), paint, coating, glue and various other industrial applications. In addition, emphasizing stability and environmentally friendly solutions in the United States Acrylic Acid market has led to increasing demand for biobased acrylic acid, which is increasing further in the market. Strong regulatory structures in the region also encourage investments in innovative production technologies, and strengthen their leadership in the global market.

• Europe

Europe is experiencing a steady increase in demand for automotive industry, production and expansion of chemical areas. Acrylic acid -based products in paint, coating and glue are an important factor that contributes to this trend. In addition, strict environmental rules in Europe have promoted the development of bio -based and water -based acrylic acid products, which are quickly preferred on traditional solution -based alternatives. The European market also benefits from technological progress and increased changes to permanent production practices. Europe appears to be an important player in the global acrylic acid market, reducing carbon footprints and improving product performance.

• Asia

The Asia Pacific region is the fastest growing market for acrylic acid, which is inspired by rapid industrialization, expansion of urbanization and a large consumer base in emerging economies such as China and India. The significant demand for the region of acrylic acid is largely responsible for the increasing requirement for hygiene products, building materials and consumables. Disposable income and a growing middle class also contribute to the growing demand for superabsorbent polymers and other acrylic acid -based products. In addition, the Asia Pacific region looks at a change towards durable and bio-based solutions, making new development opportunities for acrylic acid manufacturers. With increasing awareness of increasing investment and environmental infrastructure stability, the Asia Pacific is expected to continue its dominance in the acrylic acid market.

KEY INDUSTRY PLAYERS

"Key Industry Players Shaping the Market Through Innovation and Market Expansion"

Innovation and expansion play an critical role in assisting principal gamers develop compact production equipment that grows in the market and will increase their aggressive growth and expands its international get admission to. Through non-stop innovation, businesses can expand superior machines equipped with functions which includes electric powered powertrains, telematics, automation and better gasoline efficiency, to satisfy the growing call for long-lasting and effective solutions. These improvements not best meet client wishes, however also help manufacturers to observe strict environmental rules in different fields. On the alternative hand, expansion allows organizations to go into emerging markets with high growth potential, along with Asia-Pacific and Latin America, wherein urbanization and infrastructure increase are growing rapidly. By setting up local manufacturing units, service facilities and supplier networks, large gamers can support the marketplace presence, lessen the shipping time and offer better customer service. Together, innovation and enlargement agencies help organizations to diversify their product services, use new sales streams and produce long-term customer loyalty, and finally strengthen non-stop growth in an aggressive worldwide market.

List Of Top Acrylic Acid Companies

• Basf(Germany)
• DuPont(U.S.)
• Nippon Shokubai(Jap)
• Akema(France)
• Formosa(Taiwan)

KEY INDUSTRY DEVELOPMENT

March 2024: PT. Nippon Shokubai Indonesia (NSI), Nippon Shokubai Co. Ltd., a subsidiary, Ltd., located in Japan, has achieved the ISCC Plus certification for its acrylic acid, acrylic and super-sorbent polymers, and began to produce and sell these products.

REPORT COVERAGE

The study encompasses a comprehensive SWOT analysis and provides insights into future developments within the market. It examines various factors that contribute to the growth of the market, exploring a wide range of market categories and potential applications that may impact its trajectory in the coming years. The analysis takes into account both current trends and historical turning points, providing a holistic understanding of the market's components and identifying potential areas for growth.

The acrylic acid market is designed for stable development driven by a wide range of applications in industries such as hygiene, water treatment, glue and coating. Superabsorbent polymer, increasing environmental awareness and increasing demand for changes to durable and biobased solutions re -form the market landscape. While challenges such as volatility in the price of raw materials and the availability of options persist, the progress of innovation and strategic market expansion is increasing significant development opportunities for major players. With increasing investment and technological development, the global acrylic acid market is expected to develop, which supports both industrial progress and environmental stability in the coming years.