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.
 |
U.S. acrylic acid market revenue by product, 2012-2022, (USD Million)
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.
Browse full
research report on Acrylic Acid Market: www.grandviewresearch.com/industry-analysis/acrylic-acid-market
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.
Browse more
reports of this category by Grand View Research: 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
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- Belgium
- Asia
Pacific
- China
- India
- Japan
- Central
& South America
- Brazil
- Middle
East & Africa
- Saudi
Arabia
Access
Press Release By Grand View Research: www.grandviewresearch.com/press-release/global-acrylic-acid-market
About Grand
View Research:
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research
reports, and consulting services. To help clients make informed business
decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
No comments:
Post a Comment