Global Acrylic Acid Market

Acrylic Acid Market Size, Share, Growth Analysis, By Type (Acrylic Esters, Acrylic Polymer), By Technology (Propylene-based Process, Bio-based Acrylic Acid), By End Use (Surfactants & Surface Coatings, Organic Chemicals), By Region - Industry Forecast 2025-2032

Report ID: SQMIG15A2457 | Region: Global | Published Date: November, 2024
Pages: 174 | Tables: 94 | Figures: 71

Acrylic Acid Market Competitive Landscape

Companies within the acrylic acid market are investing heavily in R&D and technology breakthroughs and green production technologies such as bio-based acrylic acid to continue their leading position in the market. Competitiveness in the market is driven by product innovation and price sensitivity from the increasing demand for acrylic acid derivatives within various industries, including personal care, automotive, and construction.

Top Player’s Company Profile

  • BASF SE (Germany) 
  • Arkema (France) 
  • Nippon Shokubai Co., Ltd. (Japan) 
  • LG Chem (South Korea) 
  • The Dow Chemical Company (United States) 
  • China Petroleum & Chemical Corporation (SINOPEC) (China) 
  • Formosa Plastics Corporation (Taiwan) 
  • Mitsubishi Chemical Corporation (Japan) 
  • Shanghai Huayi Acrylic Acid Co. Ltd. (China) 
  • Satellite Chemical Co. Ltd. (China) 
  • Wanhua Chemical Group Co., Ltd. (China) 
  • Eastman Chemical Company (United States) 
  • Sumitomo Chemical Co., Ltd. (Japan) 
  • Rohm and Haas Company (United States) 
  • Evonik Industries AG (Germany) 
  • Tosoh Corporation (Japan) 
  • Kemira Oyj (Finland) 
  • Kuraray Co., Ltd. (Japan) 
  • ADEKA Corporation (Japan) 
  • DIC Corporation (Japan) 

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FAQs

Global Acrylic Acid Market size was valued at USD 13.1 billion in 2022 and is poised to grow from USD 13.7 billion in 2023 to USD 19.3 billion by 2031, growing at a CAGR of 4.4% during the forecast period (2024-2031). 

Companies within the acrylic acid market are investing heavily in R&D and technology breakthroughs and green production technologies such as bio-based acrylic acid to continue their leading position in the market. Competitiveness in the market is driven by product innovation and price sensitivity from the increasing demand for acrylic acid derivatives within various industries, including personal care, automotive, and construction. 'BASF SE (Germany) ', 'Arkema (France) ', 'Nippon Shokubai Co., Ltd. (Japan) ', 'LG Chem (South Korea) ', 'The Dow Chemical Company (United States) ', 'China Petroleum & Chemical Corporation (SINOPEC) (China) ', 'Formosa Plastics Corporation (Taiwan) ', 'Mitsubishi Chemical Corporation (Japan) ', 'Shanghai Huayi Acrylic Acid Co. Ltd. (China) ', 'Satellite Chemical Co. Ltd. (China) ', 'Wanhua Chemical Group Co., Ltd. (China) ', 'Eastman Chemical Company (United States) ', 'Sumitomo Chemical Co., Ltd. (Japan) ', 'Rohm and Haas Company (United States) ', 'Evonik Industries AG (Germany) ', 'Tosoh Corporation (Japan) ', 'Kemira Oyj (Finland) ', 'Kuraray Co., Ltd. (Japan) ', 'ADEKA Corporation (Japan) ', 'DIC Corporation (Japan) '

Higher Demand for Super Absorbent Polymers (SAPs)

Transition to Bio-based Acryl Acid: Bio-based acrylic acid is gaining increasing popularity as a product from renewable feedstocks including maize, glycerol, and glucose. This trend takes place in response to increased pressure on consumers and firms to be sustainable. The pace of growth therefore rests on the increases for green chemistry and bioengineering technologies.

Asia-Pacific recorded the highest overall revenue share of 40.0% in 2023. Factors include industrialization and urbanization alongside booming disposable incomes of the growing middle class in the region, contributing to its superior position. The demand for products based on acrylic acid in the region increases because the construction, automotive, and personal care industries are booming in China, India, and Japan. Growing urban infrastructure and more consumer goods, paints, coatings, and adhesives are driving growth in the regional acrylic acid industry. Steady growth in the usage of SAPs in personal hygiene products also helps in acrylic acid regional growth.

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Global Acrylic Acid Market

Report ID: SQMIG15A2457

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