Acrylic acid (CH₂=CHCOOH) is a clear, pungent-smelling organic compound and the simplest unsaturated carboxylic acid. It contains a vinyl group attached to a carboxylic acid, making it highly reactive. It is miscible with water and many solvents, and over a million tons are produced annually. The acrylic acid industry plays a key role in producing superabsorbent polymers, adhesives, sealants, and coatings. Traditionally derived from propylene, the market continues to evolve with a focus on sustainable production methods. Demand is driven by its widespread use in hygiene products, paints, and textiles. The global acrylic acid market was valued at USD 11.3 billion in 2023 and is projected to reach USD 13.8 billion by 2028, growing at 3.3% cagr from 2023 to 2028. This research report provides key insights into current acrylic acid market trends, growth drivers, challenges, and opportunities shaping the market landscape.
Applications of Acrylic Acid:
Acrylic acid is widely used across industries due to its versatility. In paints and coatings, it is crucial for producing acrylate esters that enhance durability and performance. In adhesives and sealants, its derivatives offer strong bonding and long-lasting results. The textile industry also uses acrylic acid for fabric treatment and finishing, supporting the demand for high-performance fabrics.
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Key Drivers of the Acrylic Acid Market: The acrylic acid market is experiencing robust growth driven by several key factors:
- Construction & Infrastructure Boom: Growing global construction activities are fueling demand for paints, coatings, adhesives, and sealants—key applications of acrylic acid-based products.
- Rising Personal Care Needs: Acrylic acid is essential for making superabsorbent polymers (SAPs), widely used in hygiene products like diapers and sanitary napkins. Increasing hygiene awareness is accelerating demand.
- Technological Advancements: Innovations in production technologies are improving manufacturing efficiency and reducing environmental impact, boosting market competitiveness.
- Urbanization & Industrialization: Rapid urban and industrial development in emerging economies is increasing the need for acrylic acid across textiles, automotive, and other sectors.
By derivative, acrylic acid esters dominated the market in 2022.
Due to the numerous uses and extensive utility across numerous industries, acrylic esters hold a commanding position in the acrylic acid industry. These esters, which offer excellent qualities including stickiness, weather resistance, and flexibility, are crucial components in the creation of adhesives, coatings, fabrics, and plastic additives, among other products. Acrylic esters are a key option among other acrylic derivatives due to their capacity to improve the performance and properties of finished goods.
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By acrylic esters application, the adhesives and sealants projected to account for highest CAGR during forecast period
The adhesives and sealants application segment is the fastest growing application of acrylic acid esters. Adhesives derived from acrylic acid esters exhibit exceptional adhesion to a wide range of substrates, coupled with fast curing times and high resistance to environmental factors, making them invaluable for adhesive and sealant formulations. As industries seek innovative solutions for bonding, joining, and sealing various materials, acrylic acid esters offer the versatility and performance needed to address these evolving demands, thereby propelling their significant growth in this segment of the acrylic acid market.
By acrylic polymer and other derivatives application, the diapers and training pants projected to have the largest market share
The dominant use of acrylic acid polymers in diapers and training pants is attributed to their remarkable absorbent qualities, which provide efficient moisture management and leakage avoidance in personal care items. Because of their extraordinary capacity to absorb and hold several times their own weight in fluids, acrylic acid polymers, commonly known as superabsorbent polymers (SAPs), are crucial parts of diapers and training trousers. The necessity of providing comfort, hygiene, and convenience to newborns and toddlers underlies this application's top priority, which in turn fuels the Diapers & Training Pants industry's powerful demand for acrylic acid polymers.
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North America accounted for the second largest market share of the acrylic acid Market in 2022.
North America holds the second-largest market share in the acrylic acid market. North America holds the second-largest market share in the acrylic acid market due to its well-established industrial base, robust research and development capabilities, and the widespread adoption of acrylic acid and its derivatives across various industries. The region's strong focus on technological innovation, coupled with the presence of major manufacturers and end-users, contributes to its significant market share. Additionally, the growing demand for acrylic-based products, including paints, coatings, adhesives, and superabsorbent polymers, further fuels the market's expansion in North America.
The acrylic acid market comprises major players such as BASF SE (Germany), Arkema (France), Nippon Shokubai Co., Ltd. (Japan), LG Chem (South Korea), and The Dow Chemical Company (Midland, Michigan), and others are covered in the acrylic acid market. Expansions, acquisitions, joint ventures, and new product developments are some of the major strategies adopted by these key players to enhance their positions in the acrylic acid Market.
BASF SE, headquartered in Ludwigshafen, Germany, is a global chemical company renowned for its diverse portfolio of products and solutions across numerous industries. With a history spanning over a century, BASF is a leading player in the chemical sector, offering a wide array of chemicals, plastics, performance products, agricultural solutions, and more. The company's commitment to innovation, sustainability, and collaborative partnerships has solidified its position as a key contributor to advancements in various sectors around the world. The company operates its business majorly through six segments: Chemicals, Materials, Surface Technologies, Industrial solutions, Nutrition & Care, and Agricultural Solutions.
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Arkema, is a major international chemical company based in France, specializing in the production of a wide range of chemicals, materials, and advanced solutions. With a focus on innovation, sustainability, and customer-centricity, Arkema serves diverse industries including coatings, adhesives, construction, automotive, electronics, and more. The company operates globally through four business segments, namely, Adhesive Solutions, Advanced Materials, Coating Solutions, and Intermediates.
Nippon Shokubai Co., Ltd. is a prominent Japanese chemical company that engages in the production of a variety of chemicals, including acrylic acid, superabsorbent polymers (SAP), and ethylene oxide. Renowned for its dedication to sustainable practices and responsible manufacturing. The company's diverse range of products finds applications in sectors such as hygiene products, coatings, adhesives, and more, making a significant impact in various industries worldwide.
Future Outlook of the Acrylic Acid Market:
The acrylic acid market is set to witness substantial growth in the coming years, propelled by rising demand from industries such as hygiene, adhesives, coatings, and textiles. A key trend shaping the market’s future is the shift toward bio-based acrylic acid production, driven by growing environmental concerns and global sustainability goals. As end-use industries innovate and expand, the market is expected to present promising opportunities for manufacturers and stakeholders, ensuring continued momentum and investment.
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