The global Acrylic Acid Market Study analyzes and forecasts the market size across 6 regions and 24 countries for diverse segments -By Derivative (Acrylic Esters, Acrylic Polymers, Others), By Application (Surface Coatings, Adhesives & Sealants, Plastic Additives, Detergents, Textiles, Others).
Acrylic acid is a valuable organic compound used in the production of acrylic polymers, adhesives, coatings, and superabsorbent polymers. Produced through the catalytic oxidation of propylene or propane, acrylic acid serves as a key intermediate in the synthesis of acrylic esters such as methyl acrylate, ethyl acrylate, and butyl acrylate, which are further polymerized to form acrylic resins and emulsions. Further, acrylic acid finds applications in the production of specialty chemicals, detergents, and personal care products, where its reactivity and versatility enable the development of innovative formulations with desired properties. With increasing demand for sustainable and high-performance materials across various industries, acrylic acid s to play a vital role in driving innovation and technological advancements in polymer science and chemical engineering.
The market report analyses the leading companies in the industry including Arkema S.A., BASF SE, Dow Chemical Company, Evonik Industries AG, LG Chem Ltd, Merck KGaA, Mitsubishi Chemical Corp, Nippon Shokubai Co. Ltd, Sasol Ltd, Satellite Chemical Co. Ltd, Shanghai Huayi Acrylic Acid Co. Ltd, Sibur Holding Pjsc, Sumitomo Corp, Synthomer Plc, Wanhua Chemical Group Co. Ltd, and others.
A prominent trend in the Acrylic Acid market is the growing demand for superabsorbent polymers (SAPs), which are derived from acrylic acid. SAPs are widely used in hygiene products such as diapers, adult incontinence products, and feminine care items due to their exceptional liquid-absorbing capacity and retention properties. With increasing awareness about hygiene and wellness, coupled with rising disposable incomes in emerging economies, there's a growing demand for SAP-based hygiene products worldwide. This trend is driving the demand for acrylic acid as a key raw material for the production of SAPs, leading to the expansion of acrylic acid production capacities and the development of innovative acrylic acid-based formulations tailored for SAP applications.
A key driver in the Acrylic Acid market is the expansion of water treatment and adhesive industries, where acrylic acid serves as a versatile chemical building block. In water treatment applications, acrylic acid polymers such as polyacrylic acid (PAA) and its derivatives are utilized as flocculants and scale inhibitors for wastewater treatment, industrial water purification, and oilfield operations. Additionally, acrylic acid-based adhesives and sealants find extensive use in construction, automotive, and electronics industries for bonding, sealing, and surface protection applications. The growth in urbanization, industrialization, and infrastructure development globally is driving the demand for acrylic acid-based products in water treatment and adhesive industries, fueling market growth in the Acrylic Acid segment.
Amidst the evolving market dynamics, there exists a significant opportunity for Acrylic Acid manufacturers to develop sustainable and bio-based alternatives to traditional petrochemical-derived acrylic acid. With increasing environmental concerns and regulatory pressures to reduce carbon footprint, there's a rising demand for eco-friendly acrylic acid solutions that minimize reliance on fossil fuels and mitigate environmental impact. By investing in research and development, companies can explore bio-based feedstocks such as renewable plant sugars, waste biomass, and carbon dioxide to produce bio-based acrylic acid through fermentation or bioconversion processes. Furthermore, there's potential to innovate in catalytic processes and biotechnologies to enhance the efficiency and sustainability of bio-based acrylic acid production. By addressing the market demand for sustainable acrylic acid alternatives, companies can differentiate themselves and capture new opportunities in the Acrylic Acid industry.
In the Acrylic Acid Market, the Acrylic Esters segment is the largest. Acrylic esters are versatile derivatives of acrylic acid widely used in various industries for their excellent properties and diverse applications. The dominance of the Acrylic Esters segment can be attributed to the extensive utilization of acrylic esters in the production of polymers, adhesives, coatings, textiles, and personal care products. Acrylic esters serve as essential monomers in the synthesis of acrylic polymers and copolymers, which find extensive usage in coatings and adhesives due to their excellent adhesion, weatherability, and chemical resistance properties. Moreover, acrylic esters such as methyl methacrylate (MMA) are utilized in the manufacture of polymethyl methacrylate (PMMA) resins, commonly known as acrylic glass or plexiglass, which are widely used in construction, automotive, and consumer goods industries. Additionally, acrylic esters are employed in the production of specialty chemicals, plasticizers, and surface coatings for various applications. With their diverse range of applications and superior performance characteristics, the Acrylic Esters segment maintains its dominance in the Acrylic Acid Market.
Among the applications in the Acrylic Acid Market, the Adhesives & Sealants segment is the fastest-growing. Acrylic acid and its derivatives play a crucial role in the formulation of adhesives and sealants due to their excellent adhesive properties, fast curing times, and high bond strength. The rapid growth of the Adhesives & Sealants segment is propelled by the increasing demand for acrylic-based adhesives and sealants across various industries such as construction, automotive, packaging, and electronics. Acrylic-based adhesives are preferred for their ability to bond a wide range of substrates, including metals, plastics, ceramics, and composites, making them suitable for diverse assembly and bonding applications. Additionally, acrylic-based sealants offer excellent weatherability, flexibility, and durability, making them ideal for sealing joints and gaps in construction and automotive applications. The growing emphasis on lightweight materials, energy efficiency, and sustainability further drives the adoption of acrylic-based adhesives and sealants in green building projects and eco-friendly products. With ongoing innovations in adhesive formulations, advancements in bonding technologies, and the expanding applications of acrylic-based adhesives and sealants, the Adhesives & Sealants segment is poised for sustained rapid growth, solidifying its position as a key driver in the Acrylic Acid Market.
By Derivative
Acrylic Esters
-Methyl Acrylate
-Ethyl Acrylate
-Butyl Acrylate
-2-Ethylhexyl Acrylate
-Others
Acrylic Polymers
-Water Treatment Polymers
-Super Absorbent Polymer
-Acrylic Elastomers
Others
By Application
Surface Coatings
Adhesives & Sealants
Plastic Additives
Detergents
Textiles
Others
Countries Analyzed
North America (US, Canada, Mexico)
Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, South East Asia, Rest of Asia)
South America (Brazil, Argentina, Rest of South America)
Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, South Africa, Egypt, Rest of Africa)
Arkema S.A.
BASF SE
Dow Chemical Company
Evonik Industries AG
LG Chem Ltd
Merck KGaA
Mitsubishi Chemical Corp
Nippon Shokubai Co. Ltd
Sasol Ltd
Satellite Chemical Co. Ltd
Shanghai Huayi Acrylic Acid Co. Ltd
Sibur Holding Pjsc
Sumitomo Corp
Synthomer Plc
Wanhua Chemical Group Co. Ltd
*- List Not Exhaustive
TABLE OF CONTENTS
1 Introduction to 2024 Acrylic Acid Market
1.1 Market Overview
1.2 Quick Facts
1.3 Scope/Objective of the Study
1.4 Market Definition
1.5 Countries and Regions Covered
1.6 Units, Currency, and Conversions
1.7 Industry Value Chain
2 Research Methodology
2.1 Market Size Estimation
2.2 Sources and Research Methodology
2.3 Data Triangulation
2.4 Assumptions and Limitations
3 Executive Summary
3.1 Global Acrylic Acid Market Size Outlook, $ Million, 2021 to 2032
3.2 Acrylic Acid Market Outlook by Type, $ Million, 2021 to 2032
3.3 Acrylic Acid Market Outlook by Product, $ Million, 2021 to 2032
3.4 Acrylic Acid Market Outlook by Application, $ Million, 2021 to 2032
3.5 Acrylic Acid Market Outlook by Key Countries, $ Million, 2021 to 2032
4 Market Dynamics
4.1 Key Driving Forces of Acrylic Acid Industry
4.2 Key Market Trends in Acrylic Acid Industry
4.3 Potential Opportunities in Acrylic Acid Industry
4.4 Key Challenges in Acrylic Acid Industry
5 Market Factor Analysis
5.1 Value Chain Analysis
5.2 Competitive Landscape
5.2.1 Global Acrylic Acid Market Share by Company (%), 2023
5.2.2 Product Offerings by Company
5.3 Porter’s Five Forces Analysis
5.4 Pricing Analysis and Outlook
6 Growth Outlook Across Scenarios
6.1 Growth Analysis-Case Scenario Definitions
6.2 Low Growth Scenario Forecasts
6.3 Reference Growth Scenario Forecasts
6.4 High Growth Scenario Forecasts
7 Global Acrylic Acid Market Outlook by Segments
7.1 Acrylic Acid Market Outlook by Segments, $ Million, 2021- 2032
By Derivative
Acrylic Esters
-Methyl Acrylate
-Ethyl Acrylate
-Butyl Acrylate
-2-Ethylhexyl Acrylate
-Others
Acrylic Polymers
-Water Treatment Polymers
-Super Absorbent Polymer
-Acrylic Elastomers
Others
By Application
Surface Coatings
Adhesives & Sealants
Plastic Additives
Detergents
Textiles
Others
8 North America Acrylic Acid Market Analysis and Outlook To 2032
8.1 Introduction to North America Acrylic Acid Markets in 2024
8.2 North America Acrylic Acid Market Size Outlook by Country, 2021-2032
8.2.1 United States
8.2.2 Canada
8.2.3 Mexico
8.3 North America Acrylic Acid Market size Outlook by Segments, 2021-2032
By Derivative
Acrylic Esters
-Methyl Acrylate
-Ethyl Acrylate
-Butyl Acrylate
-2-Ethylhexyl Acrylate
-Others
Acrylic Polymers
-Water Treatment Polymers
-Super Absorbent Polymer
-Acrylic Elastomers
Others
By Application
Surface Coatings
Adhesives & Sealants
Plastic Additives
Detergents
Textiles
Others
9 Europe Acrylic Acid Market Analysis and Outlook To 2032
9.1 Introduction to Europe Acrylic Acid Markets in 2024
9.2 Europe Acrylic Acid Market Size Outlook by Country, 2021-2032
9.2.1 Germany
9.2.2 France
9.2.3 Spain
9.2.4 United Kingdom
9.2.4 Italy
9.2.5 Russia
9.2.6 Norway
9.2.7 Rest of Europe
9.3 Europe Acrylic Acid Market Size Outlook by Segments, 2021-2032
By Derivative
Acrylic Esters
-Methyl Acrylate
-Ethyl Acrylate
-Butyl Acrylate
-2-Ethylhexyl Acrylate
-Others
Acrylic Polymers
-Water Treatment Polymers
-Super Absorbent Polymer
-Acrylic Elastomers
Others
By Application
Surface Coatings
Adhesives & Sealants
Plastic Additives
Detergents
Textiles
Others
10 Asia Pacific Acrylic Acid Market Analysis and Outlook To 2032
10.1 Introduction to Asia Pacific Acrylic Acid Markets in 2024
10.2 Asia Pacific Acrylic Acid Market Size Outlook by Country, 2021-2032
10.2.1 China
10.2.2 India
10.2.3 Japan
10.2.4 South Korea
10.2.5 Indonesia
10.2.6 Malaysia
10.2.7 Australia
10.2.8 Rest of Asia Pacific
10.3 Asia Pacific Acrylic Acid Market size Outlook by Segments, 2021-2032
By Derivative
Acrylic Esters
-Methyl Acrylate
-Ethyl Acrylate
-Butyl Acrylate
-2-Ethylhexyl Acrylate
-Others
Acrylic Polymers
-Water Treatment Polymers
-Super Absorbent Polymer
-Acrylic Elastomers
Others
By Application
Surface Coatings
Adhesives & Sealants
Plastic Additives
Detergents
Textiles
Others
11 South America Acrylic Acid Market Analysis and Outlook To 2032
11.1 Introduction to South America Acrylic Acid Markets in 2024
11.2 South America Acrylic Acid Market Size Outlook by Country, 2021-2032
11.2.1 Brazil
11.2.2 Argentina
11.2.3 Rest of South America
11.3 South America Acrylic Acid Market size Outlook by Segments, 2021-2032
By Derivative
Acrylic Esters
-Methyl Acrylate
-Ethyl Acrylate
-Butyl Acrylate
-2-Ethylhexyl Acrylate
-Others
Acrylic Polymers
-Water Treatment Polymers
-Super Absorbent Polymer
-Acrylic Elastomers
Others
By Application
Surface Coatings
Adhesives & Sealants
Plastic Additives
Detergents
Textiles
Others
12 Middle East and Africa Acrylic Acid Market Analysis and Outlook To 2032
12.1 Introduction to Middle East and Africa Acrylic Acid Markets in 2024
12.2 Middle East and Africa Acrylic Acid Market Size Outlook by Country, 2021-2032
12.2.1 Saudi Arabia
12.2.2 UAE
12.2.3 Oman
12.2.4 Rest of Middle East
12.2.5 Egypt
12.2.6 Nigeria
12.2.7 South Africa
12.2.8 Rest of Africa
12.3 Middle East and Africa Acrylic Acid Market size Outlook by Segments, 2021-2032
By Derivative
Acrylic Esters
-Methyl Acrylate
-Ethyl Acrylate
-Butyl Acrylate
-2-Ethylhexyl Acrylate
-Others
Acrylic Polymers
-Water Treatment Polymers
-Super Absorbent Polymer
-Acrylic Elastomers
Others
By Application
Surface Coatings
Adhesives & Sealants
Plastic Additives
Detergents
Textiles
Others
13 Company Profiles
13.1 Company Snapshot
13.2 SWOT Profiles
13.3 Products and Services
13.4 Recent Developments
13.5 Financial Profile
Arkema S.A.
BASF SE
Dow Chemical Company
Evonik Industries AG
LG Chem Ltd
Merck KGaA
Mitsubishi Chemical Corp
Nippon Shokubai Co. Ltd
Sasol Ltd
Satellite Chemical Co. Ltd
Shanghai Huayi Acrylic Acid Co. Ltd
Sibur Holding Pjsc
Sumitomo Corp
Synthomer Plc
Wanhua Chemical Group Co. Ltd
14 Appendix
14.1 Customization Offerings
14.2 Subscription Services
14.3 Related Reports
14.4 Publisher Expertise
By Derivative
Acrylic Esters
-Methyl Acrylate
-Ethyl Acrylate
-Butyl Acrylate
-2-Ethylhexyl Acrylate
-Others
Acrylic Polymers
-Water Treatment Polymers
-Super Absorbent Polymer
-Acrylic Elastomers
Others
By Application
Surface Coatings
Adhesives & Sealants
Plastic Additives
Detergents
Textiles
Others
Countries Analyzed
North America (US, Canada, Mexico)
Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, South East Asia, Rest of Asia)
South America (Brazil, Argentina, Rest of South America)
Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, South Africa, Egypt, Rest of Africa)
Global Acrylic Acid Market Size is valued at $12.4 Billion in 2024 and is forecast to register a growth rate (CAGR) of 3.6% to reach $16.5 Billion by 2032.
Emerging Markets across Asia Pacific, Europe, and Americas present robust growth prospects.
Arkema S.A., BASF SE, Dow Chemical Company, Evonik Industries AG, LG Chem Ltd, Merck KGaA, Mitsubishi Chemical Corp, Nippon Shokubai Co. Ltd, Sasol Ltd, Satellite Chemical Co. Ltd, Shanghai Huayi Acrylic Acid Co. Ltd, Sibur Holding Pjsc, Sumitomo Corp, Synthomer Plc, Wanhua Chemical Group Co. Ltd
Base Year- 2023; Estimated Year- 2024; Historic Period- 2018-2023; Forecast period- 2024 to 2032; Currency: Revenue (USD); Volume