The acrylic acid industry continues to demonstrate steady momentum driven by escalating demand from the coatings, adhesives, and superabsorbent polymers sectors. The evolving market dynamics reveal significant opportunities fueled by sustainable product innovations and expanding applications across various end-use industries.
Market Size and Overview
The global acrylic acid market is estimated to be valued at USD 12.10 Bn in 2025 and is expected to reach USD 15.51 Bn by 2032, growing at a compound annual growth rate (CAGR) of 3.6% from 2025 to 2032.
Acrylic Acid Market Growth is underpinned by increasing industrial applications and rising consumption in emerging economies. The acrylic acid market report highlights expanding industrial size due to innovations in polymer manufacturing and demand for eco-friendly products that align with tightening regulations globally. As such, acrylic acid market revenue and business growth are projected to maintain positive trajectories throughout the forecast period.
Market Drivers
- Rapid urbanization and infrastructure development are driving demand for acrylic acid-based superabsorbent polymers used in hygiene products.
- Increasing adoption of acrylic acid in coatings and adhesives owing to its superior durability and weather resistance is shaping the market growth.
- According to 2024 industry insights, growth in the global personal care segment has further catalyzed market opportunities, evidenced by a 7% increase in acrylic acid consumption in the Asia-Pacific region.
- Sustainable manufacturing initiatives by major market companies, such as Dow’s 2024 investment into green acrylic acid production, directly support market revenue increases and enhanced market share.
PEST Analysis
- Political: Strict environmental regulations implemented in North America and the European Union in 2024 promote the use of low-emission and bio-based acrylic acid derivatives, influencing market players to innovate cleaner production methods.
- Economic: Recovery from global supply chain disruptions by late 2024 coupled with rising raw material costs presents both restraints and incentives for investment in acrylic acid market growth strategies.
- Social: Growing consumer demand for sustainable and high-performance products encourages manufacturers to focus on environmentally friendly acrylic acid formulations, expanding market segments focused on personal care and hygiene.
- Technological: Advances in catalytic processes and biotechnology have improved acrylic acid yield efficiency, as evidenced by Mitsubishi Chemical Corporation’s latest process optimization announced in early 2025, driving down production costs and boosting industry size.
Promotion and Marketing Initiative
In 2024, Arkema launched a comprehensive promotion campaign emphasizing the sustainability aspect of its bio-based acrylic acid products. This initiative combined digital awareness strategies and industry trade partnerships, resulting in a 12% increase in market revenue within the first six months post-launch. Such market growth strategies not only enhance product visibility but also generate valuable market insights essential for tapping into expanding market opportunities, thereby reinforcing overall business growth in the Acrylic Acid Market.
Key Players
The acrylic acid market players shaping the industry landscape include Arkema, BASF SE, China Petroleum & Chemical Corporation (SINOPEC), Dow, Formosa Plastic Corporation, LG Chem, Merck KGaA, Mitsubishi Chemical Corporation, and NIPPO, among others.
- BASF SE expanded its production capacity in 2025 by opening a new acrylic acid facility in Asia, targeting increased market share and improved supply chain reliability.
- Dow introduced advanced acrylic acid grades tailored for high-performance adhesives in 2024, successfully penetrating untapped regional markets and driving incremental market revenue.
- SINOPEC’s strategic partnership with regional chemical distributors in 2025 enhanced its market penetration strategies, resulting in strengthened industry size and business growth.
- Mitsubishi Chemical Corporation’s recent investment in technology upgrades has optimized acrylic acid production processes, reducing costs while supporting market trends toward sustainable chemical manufacturing.
These acrylic acid market companies actively leverage product innovation, geographic expansion, and collaborative partnerships to capitalize on evolving market dynamics.
FAQs
1. Who are the dominant players in the acrylic acid market?
The acrylic acid market is primarily dominated by established players including Arkema, BASF SE, Dow, China Petroleum & Chemical Corporation (SINOPEC), and Mitsubishi Chemical Corporation, who continue to lead through capacity expansions and technological advancements.
2. What will be the size of the acrylic acid market in the coming years?
The global acrylic acid market size is projected to grow from USD 12.10 billion in 2025 to USD 15.51 billion by 2032 at a CAGR of 3.6%, underlining steady market growth opportunities.
3. Which end-user industry has the largest growth opportunity for acrylic acid?
The coatings, adhesives, and superabsorbent polymers sectors collectively present the largest growth opportunities due to increased urbanization and evolving consumer preferences for sustainable products.
4. How will acrylic acid market development trends evolve over the next five years?
Trends indicate a shift toward sustainable production technologies, bio-based products, and enhanced formulations targeting high-performance applications, supported by regulatory frameworks encouraging eco-friendly chemicals.
5. What is the nature of the competitive landscape and challenges in the acrylic acid market?
The acrylic acid market is characterized by intense competition among global chemical manufacturers investing in innovative products and expanding capacity. Challenges include raw material price volatility and stringent environmental regulations affecting production costs.
6. What go-to-market strategies are commonly adopted in the acrylic acid market?
Key strategies include strategic partnerships, regional capacity expansions, sustainable product launches, and targeted marketing initiatives focusing on eco-friendly benefits, which collectively drive business growth and market share enhancement.
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Author Bio:
Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc. (https://www.linkedin.com/in/money-singh-590844163 )
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