ID: MRFR/CnM/1931-CRR | April, 2017 | Region: Global | 166 pages | Cooked Research Reports
Market Synopsis of Acrylic Acid Market:
Globally, the market for acrylic acid is growing at a CAGR of 5.14% during forecasted period (2016-2022). Acrylic acid, a specialty petrochemical which has formula CH2=CHOOH and CAS (Chemical Abstracts Services) Number 79-10-7. It is produced from propylene which is a byproduct of ethylene and gasoline production. Properties of acrylic acid includes colorless liquid, adaptable to low temperature, good weather ability, acidic odor easily miscible with water, alcohols, ethers, and chloroform. Owing to such properties the use is diverse in number of applications, namely surface coatings, sealants & adhesive, agriculture, plastic sheets, diapers and others.
Global acrylic acid, by type market share, 2015. (%)
Super absorbent polymers represent represents of the market share of acrylic acid in U.S. which is slightly higher as compared to its market share in Canada. Acrylic acid is used in broad range of applications namely surface coatings, adhesive & sealants, textiles, paper coating, paint industry and cement modifiers. Surface coatings, such as paints contribute of the market. Solvent based coatings are being replaced by water based paints, as governments across the globe have restricted the use of volatile organic compound (VOCs). Due to this factor the market of surface coatings is growing at a faster pace. Adhesive and sealants are second largest segment accounting two third of acrylic acid application. Acrylic acid esters are also used in other applications including modifiers for synthetic resins; emulsion and solutions for leather finishes and binders
The key players in market includes BASF, The Dow Chemical Company, Arkema, Nippon shokubai co., ltd., LG chemicals., Shenyang Chemical Co Ltd's., and Mitsubishi Chemical
The report covers brief analysis of geographical region includes