Acrylic Acid Market by 2022


Posted February 25, 2019 by MoinPatni

Global Acrylic Acid Market by Type (Superabsorbent Polymers, Methyl Acrylate, Ethyl Acrylate, Elastomers, Butyl Acrylate), Application (Paper Coating, Adhesives & Sealants, Agriculture, Plastic Sheets, Diapers) & Region—Forecast till 2022

 
Acrylic Acid Market Overview:
Acrylic Acid Market is expected to grow with the CAGR 5.14 % of more than from 2018 to 2022, and with this it is predictable to cross USD 18,315 Million by 2022.
Acrylic Acid Market Key Players:
Acrylic Acid Market Includes: BASF SE, The Dow Chemical Company, Arkema SA, Evonik Industries, Nippon Shokubai Co. Ltd, Taixing Jurong Chemical Co Ltd, PJSC Sibur Holding, LG Chemicals, Shenyang Chemical Co Ltd, Mitsubishi Chemical, and Hexion Inc.
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Acrylic Acid Market Regional Analysis:
Asia Pacific is the largest and the fastest growing industry for acrylic acid. Countries like China, India, Thailand and Indonesia are expected to grow at rapid pace due to increased spending on R&D facility along with economic development. Robust industry growth and extensive demand of acrylic acid in surface coatings and diapers is driving the regional market growth. Favourable government regulations and growing agriculture expenditure in China and India is anticipated to drive the market growth. China is one of the major construction industries in Asia Pacific. Rising infrastructural development especially for tourism and easy trading activities is likely to boost the acrylic acid market. China accounted for the largest market share of 58.00% in 2014, with a market value of USD 2,635.5 Million and is projected to grow at the highest CAGR of 5.53% during the forecast period.
With upcoming infrastructural projects such as railway tracks, metro rails as well as new wind energy farms, the country is set to witness a strong growth in the adhesives industry over the next five years. The manufacturing sector in India is still growing and adhesive industry’s growth is directly aligned with the country’s manufacturing growth. North America and European regions are facing huge competition from emerging markets. Rising production of acrylic acid owing to growing personal care demand and presence of significant players is driving the Europe acrylic acid market.
Acrylic Acid Market Segmental Analysis:
By application, the market is segmented into surface coatings, adhesive & sealants, agriculture, plastic sheets, diapers, cement modifiers, and others. Among these, the diapers segment accounted for the maximum market share in 2018 and is expected to exhibit substantial growth over the assessment period. The factors responsible for encouraging the proliferation of the segment include growing attention towards baby hygiene, increasing disposable income, and rapid urbanization.
MRFR’s report offers a detailed segmental analysis of the market based on type and application. By type, the acrylic acid market has been segmented into superabsorbent polymers, methyl acrylate, ethyl acrylate, water treatment polymers, 2-ethylhexyl acrylate, elastomers, butyl acrylate, and others. Among these, the superabsorbent polymers segment held the most significant share of the market in 2018. It is likely to retain a prominent share of the market during the forecast period thriving at a healthy CAGR. The growth is attributable to the increasing demand for the production of diapers, female hygiene products, and agricultural products.
Acrylic Acid Market Table of Content:
1 Executive Summary
2 Scope of the Report
3 Market Research Methodology
4 Market Landscape
5 Industry Overview of Global Acrylic Acid Market
Acrylic Acid Market Table of Content to be Continue……,
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Categories Business , Industry
Tags acrylic acid business , acrylic acid industry , acrylic acid market analysis , acrylic acid market forecast , acrylic acid market share , acrylic acid market size , acrylic acid market szie
Last Updated February 25, 2019