Global Acrylic Acid Market - Trends, COVID-19 impact and Growth Forecasts to 2029
Global Acrylic Acid Market by application (Personal Care Products, Surfactants, Organic Chemicals, Adhesives & Sealants, Textiles, Water Treatment, and Others), by product (Acrylate Esters, Glacial Acrylic Acid, Others) by region (APAC, North America, Europe, South America, Middle East and Africa), with forecasts till 2029 (value and volume)
The global Acrylic Acid market is valued at US$19.7 billion in 2021 and is expected to grow at a CAGR of 5.2% during the forecast period (2022-2029), mainly due to the growing demand for personal care products such as adult diapers and incontinence products, which utilize Super Absorbent Polymers derived from Acrylic Acid. In addition, rising demand of Acrylic Acid in the development of surfactants, adhesives and sealants would contribute to the growth of the market.
ChemIntel360’s global Acrylic Acid Market study is a 170+ slide report containing in-depth analysis on historical and forecasted spending and consumption patterns in the sector. We offer granular value and volume data from a global, regional, and applications perspective.
For the purpose of this study, we have considered the historical period to run through 2018-2021 and the forecast period from 2022-2029.
Figure 1: Global Acrylic Acid Market during 2018-2029 in US$ billion
Application Insights:
Personal Care Products dominated the Acrylic Acid market with a market share of 30% in 2021. Products such as adult diapers and incontinence products utilize Super Absorbent Polymers derived from Acrylic Acid. The growing geriatric population across the globe would support the demand for Super Absorbent Polymers in these applications during the forecast period. Acrylic Acid is also used in the production of other personal care products such as body wash, hair wash, and cleansers.
Surfactants constitute the second largest segment of Acrylic Acid market in 2021. Rising demand for coatings in the automotive, aerospace, and paper sectors would contribute to the growth of the surfactants in the Acrylic Acid market.
Figure 2: Global Acrylic Acid Market by Application in 2021
Product Insights:
Acrylate Esters led the Acrylic Acid market with a market share of 48.4% in 2021 and are used in polymer formulations to improve color stability and heat resistance of the end product. Apart from these, Acrylate Esters are used to modify the glass transition temperature, which allows the formulated polymer to be more malleable in nature.
Glacial Acrylic Acid accounted for the second largest share in the Acrylic Acid in 2021. It is extensively utilized in Super Adsorbent Polymer manufacturing which is used in hygiene and personal care products. It is also being utilized in Polyacrylic acid production.
Figure 3: Global Acrylic Acid Market by Product in 2021
Regional Insights:
The APAC region led the Acrylic Acid market in 2021 with a market share of 57.4%. Growing use of Acrylic Acid based products in surfactants, and adhesives is expected to drive the regional demand during the forecast period. In addition, rising per capita income would contribute to the growth of personal care products, thus driving the Acrylic Acid demand in the region.
Europe is expected to be the second largest region in the Acrylic Acid market in 2021. Rapidly growing geriatric population is expected to drive the demand for adult incontinence products in the European region, thus contributing to rising use of Acrylic Acid in the region.
Figure 4: Global Acrylic Acid Market by Region in 2021
Insights on Key Markets:
The Chinese market was valued at US$4495.6 million in 2021. This can be attributed to the growing demand of adhesives, paints, and coatings in the construction sector in China. In addition, rising use of Acrylic Acid in the detergent formulations is expected to drive the market.
Meanwhile, the U.S. market was valued at US$1705.4 million in 2021. Increasing demand for personal hygiene products such as adult incontinence products in the country would contribute to the growth of the U.S. Acrylic Acid market.
Figure 5: Global Acrylic Acid Market by Key Countries in 2021
Market Dynamics
Trends
The key trend observed in the market is related to bio-based Acrylic Acid manufacturing. Firms such as BASF, Cargill, and Novozyme have developed expertise to manufacture bio-based Acrylic Acid products at a competitive price. For instance, Cargill and P&G collaborated to develop the lactic acid to bio-based Acrylic Acid conversion process which can be integrated into applications such as thickener and Super Absorbent Polymers.
Drivers
The key driver that is supporting the growth of the market is the growing acceptance of acrylic-based goods such as adhesives and sealants. Acrylic Acid is also used in the production of Super Absorbent Polymers, which is used in the diapers and sanitary pads fabrication. In addition, the robust demand for personal care products would support the growth of Acrylic Acid manufacturing across the globe.
Challenges
Itaconic Acid is emerging as a substitute to Acrylic Acid in the manufacturing of Thermoset materials. The Itaconic Acid based materials show comparative tensile strength, glass transition temperature when compared to materials derived from Acrylic Acid. In addition, Itaconic Acid is considered a more eco-friendly product compared to Acrylic Acid. Increase use of this chemical in place of conventional Acrylic Acid can hinder the growth of the market
Opportunities
In textile industry, acrylic acid derivatives can be utilized as a thickener and fabric adhesive. Rising demand from textile industry would provide growth opportunities for the existing market players in the short to medium time period. In addition, new textile processing applications such as acid dye levellers and yarn lubricants for Acrylic Acid derivatives can provide key opportunities to the players to improve their market share.
COVID-19 Impact on the market
The Acrylic Acid market was adversely affected by the COVID-19 lockdowns in 2020. Because of the pandemic, construction activities across the globe were briefly suspended leading to reduced demand for Acrylic Acid derived products such as paints, coatings, adhesives and sealants.
Conversely, because of the greater awareness related to personal hygiene and clean environment, the consumption of laundry care products has improved during the pandemic. This in turn has bolstered the Acrylic Acid demand to a certain extent, as it is involved in the manufacturing of liquid laundry detergent.
Scope of the Global Acrylic Acid report
This report provides analysis of the latest industry trends and estimates revenue and volume growth at global, regional, and country levels. For this report, ChemIntel360 has segmented the global Acrylic Acid market based on application, type and region.
Insights on Application (Volume in Kilotons; Revenue in US$ billion/ million, 2018-2029)
- Surfactants
- Organic Chemicals
- Adhesives and Sealants
- Textiles
- Water Treatment
- Personal Care Products
- Others
Insights on Product (Volume in Kilotons; Revenue in US$ billion/ million, 2018-2029)
- Acrylate Esters
- Glacial Acrylic Acid
- Others
Insights on Regional market (Volume in Kilotons; Revenue in US$ billion/ million, 2018-2029)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Asia Pacific
- China
- India
- Japan
- South America
- Brazil
- Argentina
- Colombia
- Middle East and Africa
- Saudi Arabia
- UAE
- South Africa
Table of Contents
Executive summary
Table of contents
List of tables
List of figures
Chapter-1: Introduction
1.1 Objective of the report
1.2 Market definition
1.3 Scope of the report
1.3.1 Markets covered
1.3.2 Years covered
1.4 Conventions
1.5 Stakeholder
1.6 Summary Methodology
1.7 Data collection
1.7.1 Secondary research
1.7.2 Primary research
1.8 Market size estimation
1.8.1 Bottom-up approach
1.8.2 Top-down approach
1.9 Data triangulation
1.10 Assumptions and limitations
1.11 COVID-19 impact
Chapter-2: Market Overview
2.1 Introduction
2.2 Covid impact on the market
2.3 Market Dynamics
2.3.1 Drivers
2.3.2 Restraints
2.3.3 Opportunities
2.3.4 Challenges
2.4 Key Players
2.5 Trends
2.6 Recent Developments
Chapter-3: Segment Analysis
3.1.1 Market overview, 2018-2029 (US$ billion)
3.1.2 Market overview, 2018-2029 (million tons)
3.2.1 Acrylic Acid market: Personal Care Products (US$ billion)
3.2.2 Acrylic Acid market: Personal Care Products (million tons)
3.3.1 Acrylic Acid market: Surfactants (US$ billion)
3.3.2 Acrylic Acid market: Surfactants (million tons)
3.4.1 Acrylic Acid market: Organic Chemicals (US$ billion)
3.4.2 Acrylic Acid market: Organic Chemicals (US$ million tons)
3.5.1 Acrylic Acid market: Adhesives & Sealants (US$ billion)
3.5.2 Acrylic Acid market: Adhesives & Sealants (million tons)
3.6.1 Acrylic Acid market: Textiles (US$ billion)
3.6.2 Acrylic Acid market: Textiles (US$ billion)
3.7.1 Acrylic Acid market: Water Treatment (US$ billion)
3.7.2 Acrylic Acid market: Water Treatment (million tons)
3.8.1 Acrylic Acid market: Others (US$ billion)
3.8.2 Acrylic Acid market: Others (US$ billion)
Chapter-4: Regional Analysis
4.1 Market overview, 2018-2029
4.2.1 Market overview, 2018-2029 (US$ billion)
4.2.2 Market overview, 2018-2029 (million tons)
4.3.1 Acrylic Acid market: APAC (US$ billion)
4.3.2 Acrylic Acid market: APAC (million tons)
4.4.1 Acrylic Acid market: North America (US$ billion)
4.4.2 Acrylic Acid market: North America (US$ billion)
4.5.1 Acrylic Acid market: Europe (US$ billion)
4.5.2 Acrylic Acid market: Europe (million tons)
4.6.1 Acrylic Acid market: South America (US$ billion)
4.6.2 Acrylic Acid market: South America (million tons)
4.7.1 Acrylic Acid market: Middle East and Africa (US$ billion)
4.7.2 Acrylic Acid market: Middle East and Africa (million tons)
Chapter-5: Regional market Analysis by Application
5.1 Acrylic Acid regional market application composition
5.1.1 Acrylic Acid market: APAC Personal Care Products (US$ billion)
5.1.2 Acrylic Acid market: APAC Personal Care Products (million tons)
5.2.1 Acrylic Acid market: APAC Surfactants (US$ billion)
5.2.2 Acrylic Acid market: APAC Surfactants (million tons)
5.3.1 Acrylic Acid market: APAC Organic Chemicals (US$ billion)
5.3.2 Acrylic Acid market: APAC Organic Chemicals (million tons)
5.4.1 Acrylic Acid market: APAC Adhesives & Sealants (US$ billion)
5.4.2 Acrylic Acid market: APAC Adhesives & Sealants (million tons)
5.5.1 Acrylic Acid market: APAC Textiles (US$ billion)
5.5.2 Acrylic Acid market: APAC Textiles (million tons)
5.6.1 Acrylic Acid market: APAC Water Treatment (US$ billion)
5.6.2 Acrylic Acid market: APAC Water Treatment (million tons)
5.7.1 Acrylic Acid market: APAC Others (US$ billion)
5.7.2 Acrylic Acid market: APAC Others (million tons)
5.8.1 Acrylic Acid market: North America Personal Care Products (US$ billion)
5.8.2 Acrylic Acid market: North America Personal Care Products (million tons)
5.9.1 Acrylic Acid market: North America Surfactants (US$ billion)
5.9.2 Acrylic Acid market: North America Surfactants (million tons)
5.10.1 Acrylic Acid market: North America Organic Chemicals (US$ billion)
5.10.2 Acrylic Acid market: North America Organic Chemicals (million tons)
5.11.1 Acrylic Acid market: North America Adhesives & Sealants (US$ billion)
5.11.2 Acrylic Acid market: North America Adhesives & Sealants (million tons)
5.12.1 Acrylic Acid market: North America Textiles (US$ billion)
5.12.2 Acrylic Acid market: North America Textiles (million tons)
5.13.1 Acrylic Acid market: North America Water Treatment (US$ billion)
5.13.2 Acrylic Acid market: North America Water Treatment (million tons)
5.14.1 Acrylic Acid market: North America Others (US$ billion)
5.14.2 Acrylic Acid market: North America Others (million tons)
5.15.1 Acrylic Acid market: Europe Personal Care Products (US$ billion)
5.15.2 Acrylic Acid market: Europe Personal Care Products (million tons)
5.16.1 Acrylic Acid market: Europe Surfactants (US$ billion)
5.16.2 Acrylic Acid market: Europe Surfactants (million tons)
5.17.1 Acrylic Acid market: Europe Organic Chemicals (US$ billion)
5.17.2 Acrylic Acid market: Europe Organic Chemicals (million tons)
5.18.1 Acrylic Acid market: Europe Adhesives & Sealants (US$ billion)
5.18.2 Acrylic Acid market: Europe Adhesives & Sealants (million tons)
5.19.1 Acrylic Acid market: Europe Textiles (US$ billion)
5.19.2 Acrylic Acid market: Europe Textiles (million tons)
5.20.1 Acrylic Acid market: North America Water Treatment (US$ billion)
5.20.2 Acrylic Acid market: North America Water Treatment (million tons)
5.21.1 Acrylic Acid market: Europe Others (US$ billion)
5.21.2 Acrylic Acid market: Europe Others (million tons)
5.22.1 Acrylic Acid market: South America Personal Care Products (US$ billion)
5.22.2 Acrylic Acid market: South America Personal Care Products (million tons)
5.23.1 Acrylic Acid market: South America Surfactants (US$ billion)
5.23.2 Acrylic Acid market: South America Surfactants (million tons)
5.24.1 Acrylic Acid market: South America Organic Chemicals (US$ billion)
5.24.2 Acrylic Acid market: South America Organic Chemicals (million tons)
5.25.1 Acrylic Acid market: South America Adhesives & Sealants (US$ billion)
5.25.2 Acrylic Acid market: South America Adhesives & Sealants (million tons)
5.26.1 Acrylic Acid market: South America Textiles (US$ billion)
5.26.2 Acrylic Acid market: South America Textiles (million tons)
5.27.1 Acrylic Acid market: South America Water Treatment (US$ billion)
5.27.2 Acrylic Acid market: South America Water Treatment (million tons)
5.28.1 Acrylic Acid market: South America Others (US$ billion)
5.28.2 Acrylic Acid market: South America Others (million tons)
5.29.1 Acrylic Acid market: Middle East and Africa Personal Care Products (US$ billion)
5.29.2 Acrylic Acid market: Middle East and Africa Personal Care Products (million tons)
5.30.1 Acrylic Acid market: Middle East and Africa Surfactants (US$ billion)
5.30.2 Acrylic Acid market: Middle East and Africa Surfactants (million tons)
5.31.1 Acrylic Acid market: Middle East and Africa Organic Chemicals (US$ billion)
5.31.2 Acrylic Acid market: Middle East and Africa Organic Chemicals (million tons)
5.32.1 Acrylic Acid market: Middle East and Africa Adhesives & Sealants (US$ billion)
5.32.2 Acrylic Acid market: Middle East and Africa Adhesives & Sealants (million tons)
5.33.1 Acrylic Acid market: Middle East and Africa Textiles (US$ billion)
5.33.2 Acrylic Acid market: Middle East and Africa Textiles (million tons)
5.34.1 Acrylic Acid market: South America Water Treatment (US$ billion)
5.34.2 Acrylic Acid market: South America Water Treatment (million tons)
5.35.1 Acrylic Acid market: Middle East and Africa Others (US$ billion)
5.35.2 Acrylic Acid market: Middle East and Africa Others (million tons)
Chapter-6: Key Markets Analysis
6.1 Acrylic Acid key market size composition
6.1.1 Market overview, 2018-2029 (US$ billion)
6.1.2 Market overview, 2018-2029 (million tons)
6.2.1 Acrylic Acid market: US, North America (US$ billion)
6.2.2 Acrylic Acid market: US, North America (million tons)
6.3.1 Acrylic Acid market: Canada, North America (US$ billion)
6.3.2 Acrylic Acid market: Canada, North America (million tons)
6.4.1 Acrylic Acid market: Mexico, North America (US$ billion)
6.4.2 Acrylic Acid market: Mexico, North America (million tons)
6.5.1 Acrylic Acid market: Germany, Europe (US$ billion)
6.5.2 Acrylic Acid market: Germany, Europe (million tons)
6.6.1 Acrylic Acid market: Italy, Europe (US$ billion)
6.6.2 Acrylic Acid market: Italy, Europe (million tons)
6.7.1 Acrylic Acid market: France, Europe (US$ billion)
6.7.2 Acrylic Acid market: France, Europe (million tons)
6.8.1 Acrylic Acid market: China, APAC (US$ billion)
6.8.2 Acrylic Acid market: China, APAC (million tons)
6.9.1 Acrylic Acid market: India, APAC (US$ billion)
6.9.2 Acrylic Acid market: India, APAC (million tons)
6.10.1 Acrylic Acid market: Japan, APAC (US$ billion)
6.10.2 Acrylic Acid market: Japan, APAC (million tons)
6.11.1 Acrylic Acid market: Brazil, South America (US$ billion)
6.11.2 Acrylic Acid market: Brazil, South America (million tons)
6.12.1 Acrylic Acid market: Argentina, South America (US$ billion)
6.12.2 Acrylic Acid market: Argentina, South America (million tons)
6.13.1 Acrylic Acid market: Colombia, South America (US$ billion)
6.13.2 Acrylic Acid market: Colombia, South America (million tons)
6.14.1 Acrylic Acid market: South Africa, Middle East and Africa (US$ billion)
6.14.2 Acrylic Acid market: South Africa, Middle East and Africa (million tons)
6.15.1 Acrylic Acid market: UAE, Middle East and Africa (US$ billion)
6.15.2 Acrylic Acid market: UAE, Middle East and Africa (million tons)
6.16.1 Acrylic Acid market: Saudi Arabia, Middle East and Africa (US$ billion)
6.16.2 Acrylic Acid market: Saudi Arabia, Middle East and Africa (million tons)
Chapter-7: Company profiles
7.1 Arkema
7.2 BASF
7.3 Evonik Industries
7.4 Nippon Shokubai
7.5 The Dow Chemical Company
7.6 LG Chem
7.7 Hexion
7.8 Mitsubishi Chemical
7.9 PJSC Sibur
7.10 Sasol
Appendix
Glossary of terms
Disclaimer
About Us
List of Tables
Table 1: By value: Acrylic Acid market by application during 2018-2029 in US$ billion
Table 2: By volume: Acrylic Acid market by segment during 2018-2029 in million tons
Table 3: By value: Acrylic Acid market by region during 2018-2029 in US$ billion
Table 4: By volume: Acrylic Acid market by region during 2018-2029 in
million tons
Table 5: By Value: key Acrylic Acid markets in US$ billion
Table 6: By Volume: key Acrylic Acid markets in million tons
List of Figures
Figure 1: By value: Acrylic Acid market segment share during 2018-2029 in %
Figure 2: By volume: Acrylic Acid market segment share during 2018-2029 in %
Figure 3: By value: Share of Personal Care Products in Acrylic Acid market during 2018-2029 in %
Figure 4: By value: Personal Care Products in Acrylic Acid market during 2018-2029 in US$ billion
Figure 5: By volume: Share of Personal Care Products market during 2018-2029 in %
Figure 6: By volume: Personal Care Products market during 2018-2029 in million tons
Figure 7: By value: Share of Surfactants market during 2018-2029 in %
Figure 8: By value: Surfactants market during 2018-2029 in US$ billion
Figure 9: By volume: Share of Surfactants market during 2018-2029 in %
Figure 10: By volume: Surfactants market during 2018-2029
in million tons
Figure 11: By value: Share of Organic Chemicals market during 2018-2029 in %
Figure 12: By value: Organic Chemicals market during 2018-2029 in US$ billion
Figure 13: By volume: Share of Organic Chemicals market during 2018-2029 in %
Figure 14: By volume: Organic Chemicals market during 2018-2029 in million tons
Figure 15: By value: Share of Adhesives & Sealants market during 2018-2029 in %
Figure 16: By value: Adhesives & Sealants market during 2018-2029 in US$ billion
Figure 17: By volume: Share of Adhesives & Sealants market during 2018-2029 in %
Figure 18: By volume: Adhesives & Sealants market during 2018-2029 in million tons
Figure 19: By value: Share of Textiles market during 2018-2029 in %
Figure 20: By value: Textiles market during 2018-2029 in US$ billion
Figure 21: By volume: Share of Textiles market during 2018-2029 in %
Figure 22: By volume: Textiles market during 2018-2029 in million tons
Figure 23: By value: Share of Water Treatment market during 2018-2029 in %
Figure 24: By value: Water Treatment market during 2018-2029 in US$ billion
Figure 25: By volume: Share of Water Treatment market during 2018-2029 in %
Figure 26: By volume: Water Treatment market during 2018-2029 in million tons
Figure 27: By value: Others market during 2018-2029 in US$ billion
Figure 28: By value: Share of Others market during 2018-2029 in %
Figure 29: By volume: Others market during 2018-2029 in million tons
Figure 30: By volume: Others market during 2018-2029 in million tons
Figure 31: By Value: key Acrylic Acid regional markets in US$ billion
Figure 32: By Volume: key Acrylic Acid regional markets in million tons
Figure 33: By value: Acrylic Acid market region share during 2018-2029 in %
Figure 34: By volume: Acrylic Acid market region share during 2018-2029 in %
Figure 35: By value: Share of APAC market during 2018-2029 in %
Figure 36: By value: APAC market during 2018-2029 in US$ billion
Figure 37: By volume: Share of APAC market during 2018-2029 in %
Figure 38: By volume: APAC market during 2018-2029 in million tons
Figure 39: By value: Share of North America market during 2018-2029 in %
Figure 40: By value: North America market during 2018-2029 in US$ billion
Figure 41: By volume: Share of North America market during 2018-2029 in %
Figure 42: By volume: North America market during 2018-2029 in million tons
Figure 43: By value: Share of Europe market during 2018-2029 in
Figure 44: By value: Europe market during 2018-2029 in US$ billion
Figure 45: By volume: Share of Europe market during 2018-2029 in %
Figure 46: By volume: Europe market during 2018-2029 in million tons
Figure 47: By value: Share of South America market during 2018-2029 in %
Figure 48: By value: South America market during 2018-2029 in US$ billion
Figure 49: By volume: Share of South America market during 2018-2029 in %
Figure 50: By volume: South America market during 2018-2029 in million tons
Figure 51: By value: Share of Middle East and Africa market during 2018-2029 in %
Figure 52: By value: Middle East and Africa market during 2018-2029 in US$ billion
Figure 53: By volume: Share of Middle East and Africa market during
2018-2029 in %
Figure 54: By volume: Middle East and Africa market during 2018-2029
in million tons
Figure 55: By value: Share of APAC Personal Care Products market during 2018-2029 in %
Figure 56: By value: APAC Personal Care Products market during 2018-2029 in US$ billion
Figure 57: By volume: Share of APAC Personal Care Products market during 2018-2029 in %
Figure 58: By volume: APAC Personal Care Products market during 2018-2029 in million tons
Figure 59: By value: Share of APAC Surfactants market during
2018-2029 in %
Figure 60: By value: APAC Surfactants market during 2018-2029 in US$ billion
Figure 61: By volume: Share of APAC Surfactants market during 2018-2029 in %
Figure 62: By volume: APAC Surfactants market during 2018-2029 in million tons
Figure 63: By value: Share of APAC Organic Chemicals market during 2018-2029 in %
Figure 64: By value: APAC Organic Chemicals market during 2018-2029 in US$ billion
Figure 65: By volume: Share of APAC Organic Chemicals market during 2018-2029 in %
Figure 66: By volume: APAC Organic Chemicals market during 2018-2029 in million tons
Figure 67: By value: Share of APAC Adhesives & Sealants market during 2018-2029 in %
Figure 68: By value: APAC Adhesives & Sealants market during 2018-2029 in US$ billion
Figure 69: By volume: Share of APAC Adhesives & Sealants market during 2018-2029 in %
Figure 70: By volume: APAC Adhesives & Sealants market during 2018-2029 in million tons
Figure 71: By value: Share of APAC Textiles market during 2018-2029 in %
Figure 72: By value: APAC Textiles market during 2018-2029 in US$ billion
Figure 73: By volume: Share of APAC Textiles market during 2018-2029 in %
Figure 74: By volume: APAC Textiles market during 2018-2029 in million tons
Figure 75: By value: Share of APAC Water Treatment market during 2018-2029 in %
Figure 76: By value: APAC Water Treatment market during 2018-2029 in US$ billion
Figure 77: By volume: Share of APAC Water Treatment market during 2018-2029 in %
Figure 78: By volume: APAC Water Treatment market during 2018-2029 in million tons
Figure 79: By value: Share of APAC Others market during 2018-2029 in %
Figure 80: By value: APAC Others market during 2018-2029 in US$ billion
Figure 81: By volume: Share of APAC Others market during 2018-2029 in %
Figure 82: By volume: APAC Others market during 2018-2029 in million tons
Figure 83: By value: Share of North America Personal Care Products market during 2018-2029 in %
Figure 84: By value: North America Personal Care Products market during 2018-2029 in US$ billion
Figure 85: By volume: Share of North America Personal Care Products market during 2018-2029 in %
Figure 86: By volume: North America Personal Care Products market during 2018-2029 in million tons
Figure 87: By value: Share of North America Surfactants market during 2018-2029 in %
Figure 88: By value: North America Surfactants market during 2018-2029 in US$ billion
Figure 89: By volume: Share of North America Surfactants market during 2018-2029 in %
Figure 90: By volume: North America Surfactants market during 2018-2029 in million tons
Figure 91: By value: Share of North America Organic Chemicals market
during 2018-2029 in %
Figure 92: By value: North America Organic Chemicals market during 2018-2029
in US$ billion
Figure 93: By volume: Share of North America Organic Chemicals market during
2018-2029 in %
Figure 94: By volume: North America Organic Chemicals market during 2018-2029
in million tons
Figure 95: By value: Share of North America Adhesives & Sealants market during
2018-2029 in %
Figure 96: By value: North America Adhesives & Sealants market during 2018-2029 in US$ billion
Figure 97: By volume: Share of North America Adhesives & Sealants market during 2018-2029 in %
Figure 98: By volume: North America Adhesives & Sealants market during 2018-2029 in million tons
Figure 99: By value: North America Textiles market during 2018-2029 in %
Figure 100: By value: North America Textiles market during 2018-2029 in US$ billion
Figure 101: By volume: Share of North America Textiles market during 2018-2029 in %
Figure 102: By volume: North America Textiles market during 2018-2029 in million tons
Figure 103: By value: Share of North America Water Treatment market during 2018-2029 in %
Figure 104: By value: North America Water Treatment market during 2018-2029 in US$ billion
Figure 105: By volume: Share of North America Water Treatment market during 2018-2029 in %
Figure 106: By volume: North America Water Treatment market during 2018-2029 in million tons
Figure 107: By value: North America Others market during 2018-2029 in %
Figure 108: By value: North America Others market during 2018-2029 in US$ billion
Figure 109: By volume: Share of North America Others market during 2018-2029 in %
Figure 110: By volume: North America Others market during 2018-2029 in million tons
Figure 111: By value: Share of Europe Personal Care Products market during 2018-2029 in %
Figure 112: By value: Europe Personal Care Products market during 2018-2029 in US$ billion
Figure 113: By volume: Share of Europe Personal Care Products market during 2018-2029 in %
Figure 114: By volume: Europe Personal Care Products market during 2018-2029 in million tons
Figure 115: By value: Share of Europe Surfactants market during
2018-2029 in %
Figure 116: By value: Europe Surfactants market during 2018-2029
in US$ billion
Figure 117: By volume: Share of Europe Surfactants market
during 2018-2029 in %
Figure 118: By volume: Europe Surfactants market during
2018-2029 in million tons
Figure 119: By value: Share of Europe Organic Chemicals market during
2018-2029 in %
Figure 120: By value: Europe Organic Chemicals market during 2018-2029
in US$ billion
Figure 121: By volume: Share of Europe Organic Chemicals market during
2018-2029 in %
Figure 122: By volume: Europe Organic Chemicals market during 2018-2029
in million tons
Figure 123: By value: Share of Europe Adhesives & Sealants market during
2018-2029 in %
Figure 124: By value: Europe Adhesives & Sealants market during 2018-2029
in US$ billion
Figure 125: By volume: Share of Europe Adhesives & Sealants market during
2018-2029 in %
Figure 126: By volume: Europe Adhesives & Sealants market during 2018-2029
in million tons
Figure 127: By value: Share of Europe Textiles market
during 2018-2029 in %
Figure 128: By value: Europe Textiles market during 2018-2029
in US$ billion
Figure 129: By volume: Share of Europe Textiles market
during 2018-2029 in %
Figure 130: By volume: Europe Textiles market during
2018-2029 in million tons
Figure 131: By value: Share of Europe Water Treatment market during 2018-2029 in %
Figure 132: By value: Europe Water Treatment market during 2018-2029 in US$ billion
Figure 133: By volume: Share of Europe Water Treatment market during 2018-2029 in %
Figure 134: By volume: Europe Water Treatment market during 2018-2029 in million tons
Figure 135: By value: Share of Europe Others market during 2018-2029 in %
Figure 136: By value: Europe Others market during 2018-2029 in US$ billion
Figure 137: By volume: Share of Europe Others market during 2018-2029 in %
Figure 138: By volume: Europe Others market during 2018-2029 in million tons
Figure 139: By value: Share of South America Personal Care Products market during
2018-2029 in %
Figure 140: By value: South America Personal Care Products market during 2018-2029
in US$ billion
Figure 141: By volume: Share of South America Personal Care Products market during
2018-2029 in %
Figure 142: By volume: South America Personal Care Products market during 2018-2029
in million tons
Figure 143: By value: Share of South America Surfactants market during 2018-2029 in %
Figure 144: By value: South America Surfactants market
during 2018-2029 in US$ billion
Figure 145: By volume: Share of South America Surfactants market during 2018-2029 in %
Figure 146: By volume: South America Surfactants market
during 2018-2029 in million tons
Figure 147: By value: Share of South America Organic Chemicals market during 2018-2029 in %
Figure 148: By value: Share of South America Organic Chemicals market
during 2018-2029 in million tons
Figure 149: By volume: Share of South America Organic Chemicals market during 2018-2029 in %
Figure 150: By volume: South America Organic Chemicals market during 2018-2029 in million tons
Figure 151: By value: Share of South America Adhesives & Sealants market during 2018-2029 in %
Figure 152: By value: South America Adhesives & Sealants market during 2018-2029 in US$ billion
Figure 153: By volume: Share of South America Adhesives & Sealants market during 2018-2029 in %
Figure 154: By volume: South America Adhesives & Sealants market during 2018-2029 in million tons
Figure 155: By value: Share of South America Textiles market during 2018-2029 in %
Figure 156: By value: South America Textiles market during 2018-2029 in US$ billion
Figure 157: By volume: Share of South America Textiles market during 2018-2029 in %
Figure 158: By volume: South America Textiles market during 2018-2029 in million tons
Figure 159: By value: Share of APAC Water Treatment market during 2018-2029 in %
Figure 160: By value: APAC Water Treatment market during 2018-2029 in US$ billion
Figure 161: By volume: Share of APAC Water Treatment market during 2018-2029 in %
Figure 162: By volume: APAC Water Treatment market during 2018-2029 in million tons
Figure 163: By value: Share of South America Others market during 2018-2029 in %
Figure 164: By value: South America Others market during 2018-2029 in US$ billion
Figure 165: By volume: Share of South America Others market during 2018-2029 in %
Figure 166: By volume: South America Others market during 2018-2029 in million tons
Figure 167: By value: Share of Middle East and Africa Personal Care Products market during
2018-2029 in %
Figure 168: By value: Middle East and Africa Personal Care Products market during 2018-2029
in US$ billion
Figure 169: By volume: Share of Middle East and Africa Personal Care Products market during
2018-2029 in %
Figure 170: By volume: Middle East and Africa Personal Care Products market during
2018-2029 in million tons
Figure 171: By value: Share of Middle East and Africa Surfactants
market during 2018-2029 in %
Figure 172: By value: Middle East and Africa Surfactants market
during 2018-2029 in US$ billion
Figure 173: By volume: Share of Middle East and Africa Surfactants
market during 2018-2029 in %
Figure 174: By volume: Middle East and Africa Surfactants market
during 2018-2029 in million tons
Figure 175: By value: Share of Middle East and Africa Organic Chemicals market
during 2018-2029 in %
Figure 176: By value: Middle East and Africa Organic Chemicals market during
2018-2029 in million tons
Figure 177: By volume: Share of Middle East and Africa Organic Chemicals
market during 2018-2029 in %
Figure 178: By volume: Middle East and Africa Organic Chemicals market during
2018-2029 in million tons
Figure 179: By value: Share of Middle East and Africa Adhesives & Sealants market
during 2018-2029 in %
Figure 180: By value: Middle East and Africa Adhesives & Sealants market during
2018-2029 in US$ billion
Figure 181: By volume: Share of Middle East and Africa Adhesives & Sealants
market during 2018-2029 in %
Figure 182: By volume: Middle East and Africa Adhesives & Sealants market during
2018-2029 in million tons
Figure 183: By value: Share of Middle East and Africa Textiles
market during 2018-2029 in %
Figure 184: By value: Middle East and Africa Textiles market
during 2018-2029 in US$ billion
Figure 185: By volume: Share of Middle East and Africa Textiles
market during 2018-2029 in %
Figure 186: By volume: Middle East and Africa Textiles market during 2018-2029 in million tons
Figure 187: By value: Share of Middle East and Africa Water Treatment market during 2018-2029 in %
Figure 188: By value: Middle East and Africa Water Treatment market during 2018-2029 in US$ billion
Figure 189: By volume: Share of Middle East and Africa Water Treatment market during 2018-2029 in %
Figure 190: By volume: Middle East and Africa Water Treatment market during 2018-2029 in million tons
Figure 191: By value: Share of Middle East and Africa Others market during 2018-2029 in %
Figure 192: By value: Middle East and Africa Others market during 2018-2029 in US$ billion
Figure 193: By volume: Share of Middle East and Africa Others market during 2018-2029 in %
Figure 194: By volume: Middle East and Africa Others market during 2018-2029 in million tons
Figure 195: Arkema company profile
Figure 196: BASF company profile
Figure 197: Evonik Industries company profile
Figure 198: Nippon Shokubai company profile
Figure 199: The Dow Chemical Company profile
Figure 200: LG Chem company profile
Figure 201: Hexion company profile
Figure 202: Mitsubishi Chemical company profile
Figure 203: PJSC Sibur company profile
Figure 204: Sasol company profile
Research Methodology
This report uses a comprehensive and iterative research methodology including bottom-up and top-down approaches, to minimize deviance and consequently provide accurate market estimates and forecasts. Additionally, we make use of market breakdown and data triangulation procedures to validate our findings.
Secondary Research
We strictly make use of authentic and credible secondary sources such as company filings, white papers published by reputable authorities and institutions, journals, articles published by industry experts and other gold and silver standard databases such as Bloomberg, Dunn & Bradstreet, Standard & Poor’s and Thomson Reuters, among others.
Primary Research
Our findings from secondary sources are then validated by exhaustive primary interviews either through online surveys or on the phone. Importantly, we conduct these interviews all across the world, either internally or through channel partners in various locations, to get critical local insights as well.
 |
| Report Parameters | Details |
|---|---|
| Time Period Considered | 2018-2029 |
| Historical Period | 2018-2021 |
| Forecast Period | 2022-2029 |
| Units considered | Volume in kilotons, revenue in US$ million/billion |
| Report Coverage | Value/Revenue forecast, competitive landscape, drivers, challenges, opportunities, and trends |
| COVID-19 | Impact of the COVID-19 pandemic has been factored in the revenue estimations, trends, and drivers |
| Segments | By Application By Product By Region |
| Regions included in the study | Asia Pacific (APAC), North America, Europe, Middle East and Africa, South America |
| Companies Profiled | Hexion, BASF SE, Evonik Industries, Arkema, LG Chem, Mitsubishi Chemical Holdings Corporation, Momentive Specialty Chemicals, Myriant Corporation, SunVic Chemical Holdings Limited, and PJSC Sibur Hold |
The global Acrylic Acid market size was estimated at US$19.7 billion in 2021 and is expected to reach US$20.8 billion in 2022.
The global Acrylic Acid market is expected to grow at a compound annual growth rate of 5.2% from 2022 to 2029 to reach US$29.6 billion by 2029.
In 2021, Asia Pacific region led the Acrylic Acid market in 2021 with a share of 57.4%.
Personal Care Products segment led the Acrylic Acid market with a market share of 30% in 2021.
Some key players operating in the Acrylic Acid market include Hexion, BASF SE, Evonik Industries, Arkema, LG Chem, Mitsubishi Chemical Holdings Corporation, Momentive Specialty Chemicals, Myriant Corporation, SunVic Chemical Holdings Limited, and PJSC Sibur Holding.
Key factors that are driving the Acrylic Acid market growth include the growing demand of the chemical in the production of products such as body wash, hair wash, and cleansers. In addition, increasing use of personal care products such as diapers are expected to drive the market growth.