Global Acrylic Acid Market: Plant Capacity, Production, Operating Efficiency, Technology, Demand & Supply, Application, End Use, Distribution Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030

Format: Online | Last Updated: Dec 2020

The global Acrylic Acid demand stood at 8.3 million tonnes in 2019 and is projected to grow at a CAGR of 5.96% in the forecast period 2021-2030. The demand for acrylic acid is witnessed to take on the upward trend in the past few years globally on account increasing demand for multiple applications in various end-user industries. 
 
Increasing in the overall consumption of Acrylic Acid for the manufacturing of acrylate esters was observed which is used for various applications such as paints & coatings industry, textiles, plastics, and adhesives widely. This is largely driven by the growth observed in the construction sector and new infrastructure projects globally which is propelling the overall acrylic acid market. In addition, increasing use of Butyl acrylates, holding the largest share in demand volume of acrylate esters mainly driven by coating application further spur the overall market. However, the outbreak of COVID-19 in 2020 across the globe, has significantly affected the construction sector and put a major halt in expansion plans and delayed infrastructure projects which have caused a huge impact in the demand of acrylate esters to be used in construction sector and eventually affected the positive curve of global Acrylic Acid market. 
 
Despite this, over 40% of total Acrylic Acid demand generates comes from superabsorbent polymers (SAP) to produce personal hygiene products such as baby diapers owing to its ability to absorb and retain water. The rise in demand for baby diapers which holds over 70% share of total demand of superabsorbent polymers in 2020 in response to the increasing awareness regarding personal hygiene and other adult incontinent products among people across the globe to fight against the coronavirus disease. This is further anticipated to increase in forecast period owing to the resume in the delayed construction projects due to COVID-19 and other expansion plans post uplift of restrictions and in response to COVID-19 situation. 
                                                
Additionally, the government’s initiatives and favorable policies in developing countries like China and India for ease of doing business influencing acrylic acid producers to setup new domestic capacities and others include eradication of one child policy in China, hence increasing birth rates would further expand the overall acrylic acid market. These factors would contribute to the growth of the Acrylic Acid demand in the country in forecast year 2030. 
 
A slight declined trend in overall acrylic acid market demand by 2.4% was observed in 2020 as compared to previous year due to COVID-19 crisis. However, anticipated that spurt in the global demand as several economies ramp up their manufacturing units to cater to the exponential rise in consumer demand would further accelerate the market growth in the forecast period.
 
Years Considered for this Report:
 
Historical Years: 2015 – 2018
Base Year: 2019
Estimated Year: 2020
Forecast Period: 2021 – 2030
 
Objective of the Study: 
 
•The primary objective of the study was to evaluate and forecast Acrylic Acid capacity, production, demand, inventory, and     demand–supply gap globally. 
•To categorize Acrylic Acid demand based on end use, application, region and distribution channel
•To identify major customers of Acrylic Acid globally.
•To evaluate and forecast Acrylic Acid pricing globally.
•To identify and profile major companies operating globally Acrylic Acid market.
•To identify major news, deals and expansion plans globally Acrylic Acid market.
  
Some of the major players operating in global Acrylic Acid market are BASF SE, The Dow Chemical Company, Nippon Shokubai Co. Ltd., Arkema, LG Chem Ltd., Zhejiang Satellite Petrochemical Co., Ltd., Shanghai Huayi Acrylic Acid, Sinopec Beijing Eastern Petrochemicals, Taixing Jurong Chemical Co. Ltd. and others.  
 
Acrylic Acid is a crude oil derivative and hence its price is directly linked to the fluctuations in propylene. Volatility in the prices of propylene has remained a major challenge for Acrylic Acid manufacturers since a long time. Acrylic Acid prices remained under pressure in the first half of the year weighed over by an unprecedented fall in crude oil and demand slowdown during Q1FY20 and Q2FY21. Acrylic Acid CFR China prices were assessed around USD XXX per MT on spot basis in Q2FY20.
 
To extract data for Global Acrylic Acid market, primary research surveys were conducted with Acrylic Acid manufacturers, suppliers, distributors, wholesalers and end users. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various end user segments and projected a positive outlook for Global Acrylic Acid market over the coming years. 
 
ChemAnalyst calculated Acrylic Acid demand globally by analyzing the historical data and demand forecast which was carried out considering imported styrene prices, a monomer used for production of Acrylic Acid. ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst. 
 
Key Target Audience
 
•Acrylic Acid manufacturers and other stakeholders
•Organizations, forums and alliances related to Acrylic Acid distribution
•Government bodies such as regulating authorities and policy makers
•Market research organizations and consulting companies
 
The study is useful in providing answers to several critical questions that are important for industry stakeholders, such as Acrylic Acid manufacturers, distributors and policymakers. The report also provides useful insights about which market segments should be targeted over the coming years to strategize investments and capitalize on growth opportunities.
 
Report Scope: 
 
In this report, the Global Acrylic Acid market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
 
Market, by Application
Personal Care Products, Surfactants, Adhesives & Sealants and Other Applications
Market, by End Use
Acrylate Esters, Superabsorbent Polymers and Other End-user Industries
Market, by Distribution Channel
Direct/Institutional Sales, Retail Sales, Other Channel Sales
Market, by Region
North America, APAC, Europe, MEA, South America
 
Market, by Region
 
North America
United States, Mexico, Canada
APAC
China, India, Japan, South Korea, Singapore, Indonesia, Thailand
Europe
Germany, Russia, France, United Kingdom, Spain, Italy
MEA
Saudi Arabia, UAE, South Africa
South America
Brazil, Argentina, Chile
 
Competitive Landscape
 
ChemAnalyst offers detailed analysis of major players including basic company details, Segmental/product information, financial matrices, growth strategies, expansion plans, collaborations, SWOT analysis etc.to give a comprehensive and meaningful insights on the respective product market.
Available Customizations:
With the given market data, ChemAnalyst offers customizations according to a company’s specific needs.
In case you can’t find what, you are looking for then please get in touch with our custom research team at sales@chemanalyst.com

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