Global Acrylic Acid Market Growth 2023-2029

Global Acrylic Acid Market Growth 2023-2029

Product Code:454149

Published Date: Feb 08,2023

Pages: 125

Region: Global

Category: Chemical & Material

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Glacial acrylic acid (GAA) is a clear, colorless liquid with an acrid odour which is miscible with water, alcohols and ethers. The chemical formula is CH2=CHCO2H. It is an unsaturated monocarboxylic acid which will undergo the typical reactions of a carboxylic acid as well as those of a vinyl compound. It is used in the production of polymers and acrylate esters and as a feedstock for chemical syntheses.

LPI (LP Information)' newest research report, the “Acrylic Acid Industry Forecast” looks at past sales and reviews total world Acrylic Acid sales in 2022, providing a comprehensive analysis by region and market sector of projected Acrylic Acid sales for 2023 through 2029. With Acrylic Acid sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Acrylic Acid industry.

This Insight Report provides a comprehensive analysis of the global Acrylic Acid landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Acrylic Acid portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Acrylic Acid market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Acrylic Acid and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Acrylic Acid.

The global Acrylic Acid market size is projected to grow from US$ 3395.5 million in 2022 to US$ 4673.1 million in 2029; it is expected to grow at a CAGR of 4673.1 from 2023 to 2029.

Global Acrylic Acid key players include BASF, DOW, Nippon Shokubai, Arkema, Formosa Plastics, etc. Global top five manufacturers hold a share over 65%.

USA is the largest market, with a share over 25%, followed by China and Europe, both have a share over 50%. In terms of application, the largest application is Super Absorbent Polymers (SAP), followed by Detergent, Water Treatment, etc.

This report presents a comprehensive overview, market shares, and growth opportunities of Acrylic Acid market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:
Segmentation by type
    Acrylic Acid 100%
    Acrylic Acid 80%
    Acrylic Acid/Toluene

Segmentation by application
    Super Absorbent Polymers (SAP)
    Detergent
    Water Treatment
    Others

This report also splits the market by region:
    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
    Basf
    DuPont
    Nippon Shokubai
    Akema
    Formosa
    LG Chem
    Mitsubishi Chem
    Toagosei
    Sasol
    Hexion
    Idemitsu Kosan
    Jiangsu Jurong
    HUAYI
    Satellite
    Basf-YPC
    Sanmu Group
    Shandong Kaitai
    CNOOC
    ChemChina
    CNPC
    Eastern Petr

Key Questions Addressed in this Report
What is the 10-year outlook for the global Acrylic Acid market?
What factors are driving Acrylic Acid market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Acrylic Acid market opportunities vary by end market size?
How does Acrylic Acid break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?