Acrylic Acid Market | Size, Application, Revenue, Types, Trends in Future, Scope to 2032
According to a recent study by Future Market Insights, the acrylic acid market is expected to reach US$ 22.6 Billion by 2032, up from US$ 14.6 Billion in 2022, expanding at a CAGR of 4.5%. Rise in demand for methacrylate-based polymers for the manufacturing of lighting fixtures, glazing, automotive rear lights, and electronic displays has witnessed significant growth, which in turn, represents prominent growth in the acrylic acid market over the ****ysis period.
Acrylic acid-based polymers have replaced conventionally used materials in major end-use industries, such as automotive, building and construction, electronics, and others. Acrylic acid-based elastomers such as AEM (Ethylene Acrylic Elastomers), are used as an alternative to synthetic rubber in various applications, such as an automotive gasket, hoses, and others.
In addition, owing to the improved properties of AEM, such as strength, and resistance, among others, there is an increasing demand for acrylic acid from the polymer industry during the forecast period. Additionally, the rise in demand for methacrylate-based polymers for the manufacturing of lighting fixtures, glazing, automotive rear lights, and electronic displays has witnessed significant growth, which in turn, represents prominent growth in the acrylic acid market.
Key Players
BASF SE
Dow Chemical
Lucite International
LG Chem
Mitsubishi Chemical Corporation
Cargill, Incorporated
Nippon Shokubai Co., Ltd.
SNP Inc.
The Lubrizol Corporation
Formosa Plastic Corporation
Arkema S.A.
Ashland
Kemira Oyi
Competitive Landscape
Players in the global acrylic acid market focus on expanding their global reach through various strategies, such as; partnerships, collaborations, and partnerships. The players are also making a significant investment in R&D to add innovations to their products which would help them in strengthening their position in the global market.
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Key Segments Covered In The Acrylic Acid Market Study
Acrylic Acid Market by Product:
Acrylate Esters
Glacial Acrylic Acid
Other Acrylic Acid Products
Acrylic Acid Market by End-Use Industry:
Acrylic Acid for Surfactants
Acrylic Acid for Organic Chemicals
Acrylic Acid for Adhesives & Sealants
Acrylic Acid for Textiles
Acrylic Acid for Water Treatment
Acrylic Acid for Personal Care Products
Acrylic Acid for Other End-Use Industries
Acrylic Acid Market by Region:
North America Acrylic Acid Market
Latin America Acrylic Acid Market
Europe Acrylic Acid Market
Asia Pacific Acrylic Acid Market
Middle East and Africa Acrylic Acid Market
“Increasing demand for Super Absorbent Polymers (SAP) in Sanitary Pads Application, is one of the major factors that is anticipated to propel the industry growth over the forecast period,” remarks an FMI ****yst.
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