Acrylic Acid Market to Surpass a Valuation of USD 19.2 billion by 2030

Pune, India, September, 2018 /press release/- Market Research Future Published a Cooked Research Report on Acrylic Acid Market Research Report.

Overview 

The global acrylic acid market, during the forecast period 2022-2030, To Projected To Touch A Valuation Of USD 19.2 billion by 2030. The market for acrylic acid is set to reach US$18,300 million by 2022. As per market analysts, the global market is anticipated to witness growth owing to the factors such as increasing use of superabsorbent polymers in various applications as well as the growing demand for superabsorbent polymers. However, the market will face challenges and restraints due to rising environmental concerns and rise in price of raw materials during the forecast period 2022-2030. 

Growth across the construction industry in the market is set to play a key role in determining the growth potential during 2022-2030 years. Analysts have also studied the acrylic acid market to understand potential threats and challenges the market companies could face. Although the market is poised to grow at a fast pace across type and applications segments, factors such as intensive R&D by regional companies could slow down the market's growth worldwide. 

Market Segmentation 

The market has been segmented into type and applications. Based on the segment which is type, the market is categorized on the basis of butyl acrylate, elastomers, ethyl acrylate, methyl acrylate, and superabsorbent polymers. The global market for acrylic acid is further segmented based on applications into adhesives & sealants, agriculture, diapers, paper coating, and plastic sheets. 

The global market research report covers all the aspects of the market based on the segmental analysis of these type and applications segments. Analysts have also studied the global market's regional markets spread across many continents and countries. The type and applications segments along with their sub-segments have been analyzed and companies functioning in the acrylic acid market across these segments are profiled and analyzed based on input and feedback from market based decision makers as well as primary and secondary sources. The market research report presents analysis based information for companies functioning in the market. 

Regional Overview 

Concerns regarding the environmental effect of acrylic acid based products may hinder the market growth. The market research report suggests that companies in the market could be supported by the resumption of services in the construction industry as well as rising demand for water-based adhesives during the forecast period. The market is set to register growth at a high CAGR owing to these key factors. The market is spread across North America, Europe, Asia-Pacific, and other parts of the world. The global market research report reveals that APAC, North America, and Europe regional markets will dominate the global market for acrylic acid during the forecast period 2022-2030. As per market analysts, the market is set to witness tremendous growth across personal care products, surfactants, and adult incontinence products segments in North America which covers markets across the United States, Canada, Mexico and several other regional markets. Companies active in the market are also analyzed and studied in the market research report. 

The acrylic acid market for Europe covers smaller market segments of Germany, Italy, France, and the United Kingdom. Additionally, the market research report covers the Asia-Pacific region covering markets from India, China, Japan, Australia, and others. The market is also spread across the rest of the world. The market report covers all such regions including the Middle East, Africa, Brazil, and others. 

Competitive Landscape 

Acrylic acid has seen increased demand over the years, due to increase in the use of bio-based acrylic acid and increasing demand from emerging economies. Companies functioning in the global market are also being challenged due to bio-based alternatives and regulatory stress on manufacturers across the world. Mergers and acquisitions by acrylic acid market companies are anticipated to help the market during the forecast period 2016 to 2022. As the market is set to register a high CAGR of 5.1% and is also anticipated to reach a US$18,300 million by 2022, the report highlights key areas companies need to focus on. The report suggests that the market will see a healthy growth in the long run till 2022. Based on SWOT analysis and market’s analysis based on Porters’ Five Force Model presented in the market report. Mergers and acquisitions by acrylic acid market companies are anticipated to help the market during the forecast period 2016 to 2022.  

Industry News 

South Korea's SK Innovation has said it will buy the ethylene acrylic acid (EAA) company of Dow Chemical Co on Thursday, in an attempt to improve its attempts to sell high-value chemicals.  The acquisition contract of $370 million has been signed by SK Global Chemical Co Ltd, an arm of SK Innovation, SK Innovation said in a stock exchange statement.  According to the group, SK Global Chemical would take over Dow Chemical and EAA properties in the United States and Spain.

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