Research Nester’s recent market research analysis on “Acrylic Acid Market: Global Demand Analysis & Opportunity Outlook 2035” delivers a detailed competitors analysis and a detailed overview of the global acrylic acid market in terms of market segmentation by type, end user, and by region.
Expanding Urbanization to Increase Acrylic Acid's Global Market Share
Around the world, 68% of people are predicted to live in cities by the year 2050, up from 55% in 2018. As more people exhibit a propensity to live in cities, the rate of urbanization is increasing. As a result, there is a growing market for antimicrobial and antiviral coatings, many of which use acrylic acid for various construction tasks.
Increasing consumer awareness about sustainable and eco-friendly products was leading to a growing preference for products made from bio-based or renewable sources, including acrylic acid. Investments in research and development in the chemical industry were projected to increase, fostering innovation and technological advancements.
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Some of the major growth factors and challenges that are associated with the growth of the global acrylic acid market are:
Growth Drivers:
• Increasing Consumer Preferences
• Growing Technological Advancements
Challenges:
The acrylic acid industry is under scrutiny due to its potential environmental impacts, including emissions of greenhouse gases and volatile organic compounds (VOCs). Stricter environmental regulations could lead to increased compliance costs and impact the industry's growth. Acrylic acid faces competition from alternative materials and chemicals in various applications. For example, bio-based and renewable alternatives are gaining popularity due to increasing environmental awareness.
The polymers segment is to garner the highest revenue by the end of 2035 by growing at a significant CAGR over the forecast period. Increasing urbanization and changing lifestyles have resulted in a greater preference for convenience products like disposable diapers, boosting the demand for superabsorbent polymers. The growth of industries such as personal care, agriculture, and medical care has driven the demand for superabsorbent polymers in various applications.
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By region, the Europe acrylic acid market is to generate notable revenue by the end of 2035. The increasing adoption of disposable hygiene products such as baby diapers, adult incontinence products, and feminine hygiene products in Europe was driving the demand for superabsorbent polymers (SAP), which are derived from acrylic acid. Stringent environmental regulations and sustainability initiatives were promoting the use of eco-friendly and bio-based products. Acrylic acid and its derivatives found applications in environmentally friendly products, aligning with Europe's sustainability goals.

This report also provides the existing competitive scenario of some of the key players of the global acrylic acid market which includes company profiling of BASF SE, Dow Chemical Company (Now Dow Inc.), Nippon Shokubai Co., Ltd., Arkema S.A., LG Chem Ltd., Mitsubishi Chemical Corporation, and others.
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