Acrylic Acid Market

Acrylic Acid Market by Derivative (Methyl, Ethyl, Butyl, 2-EH, SAP, Water Treatment), Acrylic Ester/Polymer Application (Surface coating, Adhesive & Sealant, Plastic additive, Textile, Detergent Diaper & Training Pad), & Region - Global Forecast to 2028

Report Code: CH 3105 Sep, 2023, by marketsandmarkets.com

Acrylic Acid Market

The global acrylic acid market is valued at USD 11.3 billion in 2023 and is projected to reach USD 13.8 billion by 2028, growing at 3.3% cagr during the forecast period. Acrylic acid is a colorless, corrosive liquid that readily forms polymers. It is used to make plastics, paints, synthetic rubbers, and textiles. Acrylic acid derivatives such as acrylic esters, acrylic polymers, and other derivatives are used in various industries. They are key ingredients for a number of polymer formulations. Owing to the versatile properties of acrylic esters and polymers, they have a high demand in many end-use applications, such as surface coatings, sealants & adhesive, plastic additives, detergents, textiles, diapers & training pants, adult incontinence, and water treatment.

Attractive Opportunities in the Acrylic Acid Market

Acrylic Acid Market

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Acrylic Acid Market

Acrylic Acid Market Dynamics

Driver: Rise in demand from paints & coatings sector

The growing demand for paints and coatings is playing a pivotal role in driving the acrylic acid market. Acrylic acid, a key component in the production of acrylate esters, has extensive application in the paints & coatings industry. Acrylate esters derived from acrylic acid serve as essential ingredients in a wide range of coatings, including architectural coatings, OEM finishes for automotive and other products, as well as special-purpose coatings.

Restraint: Acute toxicity and air exposure limits

Being a volatile organic compound, acrylic acid has the tendency to form photo-chemical smog. NIOSH (National Institute for Occupational Safety and Health) and the ACGIH (American Conference of Governmental Industrial Hygienists Inc.) have also added a skin notation to their recommended workplace air exposure limits for acrylic acid.

Opportunities: Increasing demand in emerging economies

The economy of Asia Pacific countries such as China and India are growing rapidly. South Asian countries such as Indonesia, Taiwan, and South Korea are also witnessing fast growth. The primary driver behind their growth is the increasing population. With the increase in disposable income, the consumer buying pattern has changed, which has also been influenced by globalization. The end-use industries have shown steady growth in the past few years, and this scenario is expected to remain the same during the forecast period. These countries are welcoming foreign investments and global manufacturers to set up manufacturing facilities.

Challenges: Fluctuations in raw material prices, high transportation cost, and reactivity hazards

The acrylic acid market is currently navigating through a complex landscape characterized by multiple challenges. These include escalating costs of raw materials, transportation, and energy and geopolitical uncertainties. The aftermath of the COVID-19 pandemic, marked by intermittent lockdowns in certain regions, further adds to the complexities.

Acrylic Acid Market Ecosystem

Acrylic Acid Market Ecosystem

By Derivative, acrylic esters accounted for the largest market share.

The acrylic ester derivative has emerged as the dominant player, capturing the highest market share in the acrylic acid market. This is primarily due to their versatile applications and wide-ranging utility across various industries. Acrylic esters or acrylates are clear and volatile liquids. They are moderately soluble in water and completely soluble in alcohols, ethers, and other organic solvents. Acrylates have a double bond and functional carboxyl group. Acrylic acid and its derivative acrylic esters are multi-use monomers, which have the capabilities to provide a wide range of multi-purpose polymers.

By Acrylic Esters Applications, the surface coatings segment accounts for the highest share in the acrylic acid market during the forecast period.

The surface coatings segment is the largest application of acrylic acid esters due to their versatile properties that contribute to enhanced paint and coating formulations. Acrylic acid esters exhibit excellent adhesion, durability, and weather resistance, making them a preferred choice for various surface coatings in automotive, construction, and consumer goods industries. The ability of acrylic acid esters to impart gloss, color retention, and corrosion protection, coupled with their compatibility with a wide range of other chemicals, drives their adoption in surface coatings, solidifying their prominence in the acrylic acid market's application landscape.

By Acrylic Polymer Application, the diapers & training pants segment to have the largest market share in 2022 in the acrylic acid market.

The dominance of the diapers & training pants segment as the primary application for acrylic acid polymers is attributed to their exceptional absorbent properties that ensure effective moisture management and leakage prevention in personal care products. Acrylic acid polymers are primarily used to make superabsorbent polymers (SAPs) as they possess the unique ability to absorb and retain fluids many times their weight, making them integral components of diapers and training pants. Factors such as comfort, hygiene, and convenience to infants and toddlers are responsible for the high demand of acrylic acid polymers in the diapers & training pants sector.

Asia Pacific is projected to account for the highest CAGR in the Acrylic acid market during the forecast period.

Asia Pacific has the largest demand for both baby and adult diapers. Emerging markets like India, Taiwan, Malaysia, and Indonesia are projected to be the hotspots, in terms of demand for personal care products where superabsorbent polymers (SAP) is a crucial component. The increasing applications of superabsorbent polymer (SAP) in personal care products, agriculture, and cosmetics, and the use of water-based paints and coatings due to environmental standards concerning VOC reduction are projected to drive the market in the region. Rapid growth and innovation in the industry, along with industry consolidations between acrylic acid manufacturers, are projected to offer a bright future for the industry in this region.

Acrylic Acid Market by Region

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Acrylic Acid Market Players

The Acrylic acid market comprises key manufacturers such as BASF SE (Germany), Arkema (France), Nippon Shokubai Co., Ltd. (Japan), LG Chem (South Korea), the Dow Chemical Company (US), and others. Expansions, mergers & acquisitions, new product launches and deals were some of the major strategies adopted by these key players to enhance their positions in the acrylic acid market. A major focus was given to the expansions and deals.

Acrylic Acid Market Report Scope

Report Metric

Details

Market Size Value in 2023

USD 11.3 billion

Revenue Forecast in 2028

USD 13.8 billion

CAGR

3.3%

Years Considered

2021–2028

Base year

2022

Forecast period

2023–2028

Unit considered 

Value (USD Billion) and Volume (Kilo tons)

Segments

Acrylic acid Market-By Derivative, By Application (acrylic esters), By Application (acrylic polymers and other derivatives), and Region

Regions

North America, Europe, Asia Pacific, Middle East & Africa, and South America

Companies

The major players are BASF SE (Germany), Arkema (France), Nippon Shokubai Co., Ltd. (Japan), LG Chem (South Korea), and The Dow Chemical Company (Midland, Michigan) and others covered in the acrylic acid market.

This research report categorizes the global acrylic acid market on the basis of derivative,  Application (acrylic esters), Application (acrylic polymers), and Region.

Acrylic Acid Market by Derivative
  • Acrylic Esters
    • Methyl Acrylate
    • Ethyl Acrylate
    • Butyl Acrylate
    • 2-Ethylhexyl Acrylate
    • Other Acrylic Esters
  • Acrylic Polymers
    • Water Treatment Polymers
    • Super Absorbent Polymer
    • Acrylic Elastomers
  • Others
    • Ammonium Polyacrylate
    • Polycyanoacrylates
Acrylic Esters Market by Application
  • Surface Coatings
  • Adhesives & Sealants
  • Plastic Additives
  • Detergents
  • Textiles
  • Others
Acrylic Polymers & Other Derivatives Market by Application
  • Diapers & Training Pants
  • Adult Incontinence & Other Personal Care Products
  • Water Treatment (Dispersants, Anti-scalants, and Thickeners)
  • Others
Acrylic Acid Market by Region
  • North America
  • Europe
  • Asia Pacific (APAC)
  • Middle East & Africa
  • South America

The market has been further analyzed for the key countries in each of these regions.

Recent Developments

  • In July 2022, LG Chem and GS Caltex initiated the creation of a white bio ecosystem by commencing the construction of a 3HP pilot plant for eco-friendly bio raw materials.
  • In July 2022, Arkema announced its intention to acquire Polimeros Especiales, a prominent producer of emulsion resins based in Mexico. This strategic acquisition was done to enhance Arkema's presence in the fast-growing market for solvent-free waterborne acrylic resins. By incorporating Polimeros Especiales' expertise and capabilities, Arkema aimed to bolster its position in the market and meet the increasing demand for sustainable and eco-friendly resin solutions in Mexico.
  • In November 2022, Arkema and Nippon Shokubai American Industries, Inc. (NAII), in collaboration with its joint venture American Acryl L.P. located in Bayport, Texas, took significant steps towards advancing the decarbonization of energy sources. They solidified their commitment by entering into a long-term power purchase agreement with EDF Energy Services, LLC (EDF), ensuring that 100% of their anticipated annual energy consumption is supplied by wind power. This move reflects their dedication to sustainable practices and reducing their environmental impact in the production of acrylic monomers.

Frequently Asked Questions (FAQ):

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TABLE OF CONTENTS
 
1 INTRODUCTION (Page No. - 33)
    1.1 STUDY OBJECTIVES 
    1.2 MARKET DEFINITION 
    1.3 STUDY SCOPE 
          FIGURE 1 ACRYLIC ACID MARKET SEGMENTATION
           1.3.1 REGIONS COVERED
           1.3.2 YEARS CONSIDERED
    1.4 CURRENCY CONSIDERED 
    1.5 UNITS CONSIDERED 
    1.6 LIMITATIONS 
    1.7 STAKEHOLDERS 
    1.8 INCLUSIONS AND EXCLUSIONS 
          TABLE 1 ACRYLIC ACID MARKET: INCLUSIONS AND EXCLUSIONS
    1.9 SUMMARY OF CHANGES 
 
2 RESEARCH METHODOLOGY (Page No. - 38)
    2.1 RESEARCH DATA 
          FIGURE 2 ACRYLIC ACID MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY DATA
                    2.1.1.1 Key data from secondary sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 Key data from primary sources
                    2.1.2.2 Breakdown of primary interviews
    2.2 MARKET SIZE ESTIMATION 
          FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
          FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
    2.3 DATA TRIANGULATION 
          FIGURE 5 ACRYLIC ACID MARKET: DATA TRIANGULATION
    2.4 ASSUMPTIONS 
    2.5 RESEARCH LIMITATIONS 
    2.6 GROWTH RATE ASSUMPTION 
    2.7 IMPACT OF RECESSION 
 
3 EXECUTIVE SUMMARY (Page No. - 46)
    FIGURE 6 ACRYLIC ESTERS TO LEAD OVERALL ACRYLIC ACID MARKET DURING  FORECAST PERIOD
    FIGURE 7 DIAPERS & TRAINING PANTS TO ACCOUNT FOR LARGEST MARKET SHARE
    FIGURE 8 SURFACE COATINGS APPLICATION TO DOMINATE ACRYLIC ESTERS MARKET DURING FORECAST PERIOD
    FIGURE 9 ASIA PACIFIC ACCOUNTED FOR LARGEST MARKET SHARE IN 2022
 
4 PREMIUM INSIGHTS (Page No. - 50)
    4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN ACRYLIC  ACID MARKET 
          FIGURE 10 ASIA PACIFIC TO REGISTER HIGH GROWTH DURING FORECAST PERIOD
    4.2 ASIA PACIFIC: ACRYLIC ACID MARKET, BY DERIVATIVE AND COUNTRY (2022) 
          FIGURE 11 CHINA DOMINATES ACRYLIC ACID MARKET IN ASIA PACIFIC
    4.3 ACRYLIC ACID MARKET, BY COUNTRY 
          FIGURE 12 INDIA TO BE FASTEST-GROWING MARKET DURING FORECAST PERIOD
 
5 MARKET OVERVIEW (Page No. - 53)
    5.1 INTRODUCTION 
    5.2 MARKET DYNAMICS 
          FIGURE 13 ACRYLIC ACID MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
           5.2.1 DRIVERS
                    5.2.1.1 Rise in demand from paints & coatings sector
                    5.2.1.2 Increasing demand for superabsorbent polymers
                    5.2.1.3 Expanding application in chemical synthesis
                    5.2.1.4 Shift from solvent-based coatings to acrylic emulsions
           5.2.2 RESTRAINTS
                    5.2.2.1 Environmental concerns and health hazards
                               5.2.2.1.1 Clean Air Act 1990
                               5.2.2.1.2 Acute toxicity and air exposure limits
                               5.2.2.1.3 Health hazards
                               5.2.2.1.4 Pulmonary edema
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Commercial production of bio-based acrylic acid
                    5.2.3.2 Increasing demand in emerging economies
           5.2.4 CHALLENGES
                    5.2.4.1 Improper waste disposal of end products
                                FIGURE 14 WASTE DISPOSABLE DIAPER MANAGEMENT (1970–2018)
                    5.2.4.2 Strong competition among market players
                    5.2.4.3 Fluctuations in raw material prices, high transportation costs, and reactivity hazards
    5.3 VALUE CHAIN ANALYSIS 
          FIGURE 15 ACRYLIC ACID MARKET: VALUE CHAIN ANALYSIS
    5.4 SUPPLY CHAIN ANALYSIS 
          FIGURE 16 SUPPLY CHAIN OF ACRYLIC ACID MARKET
    5.5 PORTER’S FIVE FORCES ANALYSIS 
          FIGURE 17 ACRYLIC ACID MARKET: PORTER’S FIVE FORCES ANALYSIS
          TABLE 2 PORTER’S FIVE FORCES ANALYSIS: ACRYLIC ACID MARKET
           5.5.1 THREAT OF NEW ENTRANTS
           5.5.2 THREAT OF SUBSTITUTES
           5.5.3 BARGAINING POWER OF BUYERS
           5.5.4 BARGAINING POWER OF SUPPLIERS
           5.5.5 INTENSITY OF COMPETITIVE RIVALRY
           5.5.6 TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESS
                    FIGURE 18 REVENUE SHIFT AND NEW REVENUE POCKETS FOR ACRYLIC ACID MANUFACTURERS
    5.6 TARIFF AND REGULATORY LANDSCAPE 
    5.7 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 
          TABLE 3 LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
          TABLE 4 AMERICAN INDUSTRIAL HYGIENE ASSOCIATION EMERGENCY RESPONSE PLANNING GUIDELINES (ERPG) 2010: ACRYLIC ACID DOSE-EFFECT RELATIONSHIP
    5.8 TECHNOLOGY ANALYSIS 
           5.8.1 NEW CATALYST TECHNOLOGY TURNS CORN INTO ACRYLIC ACID
           5.8.2 NEW TECHNOLOGIES - ACRYLIC RESINS
    5.9 ACRYLIC ACID MARKET ECOSYSTEM 
          FIGURE 19 ACRYLIC ACID MARKET: ECOSYSTEM MAPPING
          FIGURE 20 ACRYLIC ACID MARKET: KEY STAKEHOLDERS
    5.10 KEY CONFERENCES & EVENTS IN 2023–2024 
          TABLE 5 ACRYLIC ACID MARKET: DETAILED LIST OF CONFERENCES & EVENTS
    5.11 TRADE ANALYSIS (IMPORT AND EXPORT) 
           5.11.1 IMPORT SCENARIO
                     TABLE 6 IMPORT SCENARIO FOR HS CODE 291611, BY COUNTRY, 2017–2021 (USD THOUSAND)
           5.11.2 EXPORT SCENARIO
                     TABLE 7 EXPORT SCENARIO FOR HS CODE: 291611, BY COUNTRY, 2017–2021 (USD THOUSAND)
    5.12 PATENT ANALYSIS 
           5.12.1 INTRODUCTION
           5.12.2 METHODOLOGY
           5.12.3 DOCUMENT TYPE
                     FIGURE 21 GRANTED PATENTS ACCOUNTED FOR 8% OF ALL PATENTS IN LAST FIVE YEARS
                     FIGURE 22 PATENT PUBLICATION TRENDS (2018–2022)
                     FIGURE 23 JURISDICTION ANALYSIS
                     FIGURE 24 TOP 10 COMPANIES/APPLICANTS WITH HIGHEST NUMBER OF PATENTS
    5.13 CASE STUDY ANALYSIS 
    5.14 PRICING ANALYSIS 
           5.14.1 AVERAGE SELLING PRICE, BY REGION
                     FIGURE 25 AVERAGE SELLING PRICE, BY REGION (USD/KG)
           5.14.2 AVERAGE SELLING PRICE, BY ACRYLIC ACID DERIVATIVE
                     TABLE 8 AVERAGE SELLING PRICE, BY ACRYLIC ACID DERIVATIVE TYPE (USD/KG)
    5.15 MACROECONOMIC OVERVIEW 
           5.15.1 INTRODUCTION
           5.15.2 TRENDS AND FORECAST OF GDP
                     TABLE 9 WORLD GDP GROWTH, 2021–2028 (USD TRILLION)
    5.16 KEY STAKEHOLDERS AND BUYING CRITERIA 
           5.16.1 KEY STAKEHOLDERS IN BUYING PROCESS
                     FIGURE 26 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS
                     TABLE 10 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS OF ACRYLIC ACID AND ITS DERIVATIVES
           5.16.2 BUYING CRITERIA
                     FIGURE 27 KEY BUYING CRITERIA IN ACRYLIC ACID MARKET
                     TABLE 11 KEY BUYING CRITERIA IN ACRYLIC ACID MARKET
 
6 ACRYLIC ACID MARKET, BY DERIVATIVE (Page No. - 79)
    6.1 INTRODUCTION 
          FIGURE 28 ACRYLIC ESTERS ACCOUNTED FOR LARGEST MARKET SHARE IN 2022
          TABLE 12 ACRYLIC ACID MARKET, BY DERIVATIVE, 2017–2020 (USD MILLION)
          TABLE 13 ACRYLIC ACID MARKET, BY DERIVATIVE, 2017–2020 (KILOTON)
          TABLE 14 ACRYLIC ACID MARKET, BY DERIVATIVE, 2021–2028 (USD MILLION)
          TABLE 15 ACRYLIC ACID MARKET, BY DERIVATIVE, 2021–2028 (KILOTON)
           6.1.1 ACRYLIC ESTERS
                    TABLE 16 ACRYLIC ACID MARKET IN ACRYLIC ESTERS, BY TYPE, 2021–2028 (USD MILLION)
                    TABLE 17 ACRYLIC ACID MARKET IN ACRYLIC ESTERS, BY TYPE, 2021–2028 (KILOTON)
                    6.1.1.1 Methyl acrylate
                    6.1.1.2 Ethyl acrylate
                    6.1.1.3 Butyl acrylate
                    6.1.1.4 2-Ethylhexyl acrylate
                    6.1.1.5 Other acrylic esters
                               6.1.1.5.1 Specialty acrylate
                               6.1.1.5.2 Benzyl acrylate
                               6.1.1.5.3 Hydroxypropyl acrylate
           6.1.2 ACRYLIC POLYMERS
                    TABLE 18 ACRYLIC ACID MARKET IN ACRYLIC POLYMERS, BY TYPE, 2021–2028 (USD MILLION)
                    TABLE 19 ACRYLIC ACID MARKET IN ACRYLIC POLYMERS, BY TYPE, 2021–2028 (KILOTON)
                    6.1.2.1 Acrylic elastomers
                    6.1.2.2 Superabsorbent polymers
                    6.1.2.3 Water treatment polymers
           6.1.3 OTHER DERIVATIVES
                    6.1.3.1 Ammonium polyacrylate
                    6.1.3.2 Polycyanoacrylate
                                TABLE 20 ACRYLIC ACID MARKET IN OTHER DERIVATIVES, BY TYPE, 2021–2028 (USD MILLION)
                                TABLE 21 ACRYLIC ACID MARKET IN OTHER DERIVATIVES, BY TYPE, 2021–2028 (KILOTON)
 
7 ACRYLIC ACID MARKET, BY APPLICATION (Page No. - 86)
    7.1 INTRODUCTION 
          FIGURE 29 OVERVIEW OF APPLICATIONS OF ACRYLIC ACID
    7.2 ACRYLIC ESTERS MARKET, BY APPLICATION 
          FIGURE 30 SURFACE COATINGS TO BE LARGEST APPLICATION OF ACRYLIC ESTERS BETWEEN 2023 AND 2028
          TABLE 22 ACRYLIC ACID MARKET IN ACRYLIC ESTERS, BY APPLICATION,  2021–2028 (USD MILLION)
          TABLE 23 ACRYLIC ACID MARKET IN ACRYLIC ESTERS, BY APPLICATION,  2021–2028 (KILOTON)
           7.2.1 SURFACE COATINGS
           7.2.2 ADHESIVES & SEALANTS
           7.2.3 PLASTIC ADDITIVES
           7.2.4 DETERGENTS
           7.2.5 TEXTILES
           7.2.6 OTHER APPLICATIONS
    7.3 ACRYLIC POLYMERS AND OTHER DERIVATIVES MARKET,  BY APPLICATION 
          FIGURE 31 DIAPERS & TRAINING PANTS TO DOMINATE MARKET FOR ACRYLIC POLYMERS
          TABLE 24 ACRYLIC ACID MARKET IN ACRYLIC POLYMERS AND OTHER DERIVATIVES,  BY APPLICATION, 2021–2028 (USD MILLION)
                    TABLE 25 ACRYLIC ACID MARKET IN ACRYLIC POLYMERS AND OTHER DERIVATIVES, BY APPLICATION, 2021–2028 (KILOTON)
           7.3.1 DIAPERS & TRAINING PANTS
           7.3.2 ADULT INCONTINENCE & OTHER PERSONAL CARE PRODUCTS
           7.3.3 WATER TREATMENT (DISPERSANTS, ANTI-SCALANTS, AND THICKENERS)
           7.3.4 OTHER APPLICATIONS
 
8 ACRYLIC ACID MARKET, BY REGION (Page No. - 94)
    8.1 INTRODUCTION 
          FIGURE 32 INDIA TO RECORD FASTEST GROWTH DURING FORECAST PERIOD
          FIGURE 33 ASIA PACIFIC TO BE LARGEST MARKET DURING FORECAST PERIOD
          TABLE 26 ACRYLIC ACID MARKET, BY REGION, 2021–2028 (USD MILLION)
          TABLE 27 ACRYLIC ACID MARKET, BY REGION, 2021–2028 (KILOTON)
    8.2 ASIA PACIFIC 
           8.2.1 RECESSION IMPACT
                    FIGURE 34 ASIA PACIFIC: ACRYLIC ACID MARKET SNAPSHOT
                    TABLE 28 ASIA PACIFIC: ACRYLIC ACID MARKET, BY COUNTRY, 2021–2028 (USD MILLION)
                    TABLE 29 ASIA PACIFIC: ACRYLIC ACID MARKET, BY COUNTRY, 2021–2028 (KILOTON)
                    TABLE 30 ASIA PACIFIC: ACRYLIC ACID MARKET, BY DERIVATIVE, 2017–2020 (USD MILLION)
                    TABLE 31 ASIA PACIFIC: ACRYLIC ACID MARKET, BY DERIVATIVE, 2017–2020 (KILOTON)
                    TABLE 32 ASIA PACIFIC: ACRYLIC ACID MARKET, BY DERIVATIVE, 2021–2028 (USD MILLION)
                    TABLE 33 ASIA PACIFIC: ACRYLIC ACID MARKET, BY DERIVATIVE, 2021–2028 (KILOTON)
                    TABLE 34 ASIA PACIFIC: ACRYLIC ACID MARKET IN ACRYLIC ESTERS, BY APPLICATION,  2021–2028 (USD MILLION)
                    TABLE 35 ASIA PACIFIC: ACRYLIC ACID MARKET IN ACRYLIC ESTERS, BY APPLICATION,  2021–2028 (KILOTON)
                    TABLE 36 ASIA PACIFIC: ACRYLIC ACID MARKET IN ACRYLIC POLYMERS AND OTHER DERIVATIVES, BY APPLICATION, 2021–2028 (USD MILLION)
                    TABLE 37 ASIA PACIFIC: ACRYLIC ACID MARKET IN ACRYLIC POLYMERS AND OTHER DERIVATIVES, BY APPLICATION, 2021–2028 (KILOTON)
           8.2.2 CHINA
                    8.2.2.1 Surface coatings application to be largest consumer of acrylic esters
                                TABLE 38 CHINA: ACRYLIC ACID MARKET, BY DERIVATIVE, 2021–2028 (USD MILLION)
                                TABLE 39 CHINA: ACRYLIC ACID MARKET, BY DERIVATIVE, 2021–2028 (KILOTON)
                                TABLE 40 CHINA: ACRYLIC ACID MARKET IN ACRYLIC ESTERS, BY APPLICATION,  2021–2028 (USD MILLION)
                                TABLE 41 CHINA: ACRYLIC ACID MARKET IN ACRYLIC ESTERS, BY APPLICATION,  2021–2028 (KILOTON)
                                TABLE 42 CHINA: ACRYLIC ACID MARKET IN ACRYLIC POLYMERS AND OTHER DERIVATIVES,  BY APPLICATION, 2021–2028 (USD MILLION)
                                TABLE 43 CHINA: ACRYLIC ACID MARKET IN ACRYLIC POLYMERS AND OTHER DERIVATIVES,  BY APPLICATION, 2021–2028 (KILOTON)
           8.2.3 JAPAN
                    8.2.3.1 Increasing demand for adult diaper and incontinence products to drive market
                                TABLE 44 JAPAN: ACRYLIC ACID MARKET, BY DERIVATIVE, 2021–2028 (USD MILLION)
                                TABLE 45 JAPAN: ACRYLIC ACID MARKET, BY DERIVATIVE, 2021–2028 (KILOTON)
                                TABLE 46 JAPAN: ACRYLIC ACID MARKET IN ACRYLIC ESTERS, BY APPLICATION,  2021–2028 (USD MILLION)
                                TABLE 47 JAPAN: ACRYLIC ACID MARKET IN ACRYLIC ESTERS, BY APPLICATION,  2021–2028 (KILOTON)
                                TABLE 48 JAPAN: ACRYLIC ACID MARKET IN ACRYLIC POLYMERS AND OTHER DERIVATIVES,  BY APPLICATION, 2021–2028 (USD MILLION)
                                TABLE 49 JAPAN: ACRYLIC ACID MARKET IN ACRYLIC POLYMERS AND OTHER DERIVATIVES,  BY APPLICATION, 2021–2028 (KILOTON)
           8.2.4 INDIA
                    8.2.4.1 India to register highest CAGR in acrylic acid market during forecast period
                                TABLE 50 INDIA: ACRYLIC ACID MARKET, BY DERIVATIVE, 2021–2028 (USD MILLION)
                                TABLE 51 INDIA: ACRYLIC ACID MARKET, BY DERIVATIVE, 2021–2028 (KILOTON)
                                TABLE 52 INDIA: ACRYLIC ACID MARKET IN ACRYLIC ESTERS, BY APPLICATION,  2021–2028 (USD MILLION)
                                TABLE 53 INDIA: ACRYLIC ACID MARKET IN ACRYLIC ESTERS, BY APPLICATION,  2021–2028 (KILOTON)
                                TABLE 54 INDIA: ACRYLIC ACID MARKET IN ACRYLIC POLYMERS AND OTHER DERIVATIVES,  BY APPLICATION, 2021–2028 (USD MILLION)
                                TABLE 55 INDIA: ACRYLIC ACID MARKET IN ACRYLIC POLYMERS AND OTHER DERIVATIVES,  BY APPLICATION, 2021–2028 (KILOTON)
           8.2.5 SOUTH KOREA
                    8.2.5.1 Increasing demand from diaper and textile sectors to support market growth
                                TABLE 56 SOUTH KOREA: ACRYLIC ACID MARKET, BY DERIVATIVE, 2021–2028 (USD MILLION)
                                TABLE 57 SOUTH KOREA: ACRYLIC ACID MARKET, BY DERIVATIVE, 2021–2028 (KILOTON)
                                TABLE 58 SOUTH KOREA: ACRYLIC ACID MARKET IN ACRYLIC ESTERS, BY APPLICATION,  2021–2028 (USD MILLION)
                                TABLE 59 SOUTH KOREA: ACRYLIC ACID MARKET IN ACRYLIC ESTERS, BY APPLICATION,  2021–2028 (KILOTON)
                                TABLE 60 SOUTH KOREA: ACRYLIC ACID MARKET IN ACRYLIC POLYMERS AND OTHER DERIVATIVES, BY APPLICATION, 2021–2028 (USD MILLION)
                                TABLE 61 SOUTH KOREA: ACRYLIC ACID MARKET IN ACRYLIC POLYMERS AND OTHER DERIVATIVES, BY APPLICATION, 2021–2028 (KILOTON)
           8.2.6 REST OF ASIA PACIFIC
                    TABLE 62 REST OF ASIA PACIFIC: ACRYLIC ACID MARKET, BY DERIVATIVE,  2021–2028 (USD MILLION)
                    TABLE 63 REST OF ASIA PACIFIC: ACRYLIC ACID MARKET, BY DERIVATIVE, 2021–2028 (KILOTON)
                    TABLE 64 REST OF ASIA PACIFIC: ACRYLIC ACID MARKET IN ACRYLIC ESTERS, BY APPLICATION, 2021–2028 (USD MILLION)
                    TABLE 65 REST OF ASIA PACIFIC: ACRYLIC ACID MARKET IN ACRYLIC ESTERS, BY APPLICATION, 2021–2028 (KILOTON)
                    TABLE 66 REST OF ASIA PACIFIC: ACRYLIC ACID MARKET IN ACRYLIC POLYMERS AND  OTHER DERIVATIVES, BY APPLICATION, 2021–2028 (USD MILLION)
                    TABLE 67 REST OF ASIA PACIFIC: ACRYLIC ACID MARKET IN ACRYLIC POLYMERS AND  OTHER DERIVATIVES, BY APPLICATION, 2021–2028 (KILOTON)
    8.3 NORTH AMERICA 
           8.3.1 RECESSION IMPACT
                    FIGURE 35 NORTH AMERICA: ACRYLIC ACID MARKET SNAPSHOT
                    TABLE 68 NORTH AMERICA: ACRYLIC ACID MARKET, BY COUNTRY, 2021–2028 (USD MILLION)
                    TABLE 69 NORTH AMERICA: ACRYLIC ACID MARKET, BY COUNTRY, 2021–2028 (KILOTON)
                    TABLE 70 NORTH AMERICA: ACRYLIC ACID MARKET, BY DERIVATIVE, 2017–2020 (USD MILLION)
                    TABLE 71 NORTH AMERICA: ACRYLIC ACID MARKET, BY DERIVATIVE, 2017–2020 (KILOTON)
                    TABLE 72 NORTH AMERICA: ACRYLIC ACID MARKET, BY DERIVATIVE, 2021–2028 (USD MILLION)
                    TABLE 73 NORTH AMERICA: ACRYLIC ACID MARKET, BY DERIVATIVE, 2021–2028 (KILOTON)
                    TABLE 74 NORTH AMERICA: ACRYLIC ACID MARKET IN ACRYLIC ESTERS, BY APPLICATION,  2021–2028 (USD MILLION)
                    TABLE 75 NORTH AMERICA: ACRYLIC ACID MARKET IN ACRYLIC ESTERS, BY APPLICATION,  2021–2028 (KILOTON)
                    TABLE 76 NORTH AMERICA: ACRYLIC ACID MARKET IN ACRYLIC POLYMERS AND  OTHER DERIVATIVES, BY APPLICATION, 2021–2028 (USD MILLION)
                    TABLE 77 NORTH AMERICA: ACRYLIC ACID MARKET IN ACRYLIC POLYMERS AND  OTHER DERIVATIVES, BY APPLICATION, 2021–2028 (KILOTON)
           8.3.2 US
                    8.3.2.1 Expanding residential sector to fuel market growth
                                TABLE 78 US: ACRYLIC ACID MARKET, BY DERIVATIVE, 2021–2028 (USD MILLION)
                                TABLE 79 US: ACRYLIC ACID MARKET, BY DERIVATIVE, 2021–2028 (KILOTON)
                                TABLE 80 US: ACRYLIC ACID MARKET IN ACRYLIC ESTERS, BY APPLICATION,  2021–2028 (USD MILLION)
                                TABLE 81 US: ACRYLIC ACID MARKET IN ACRYLIC ESTERS, BY APPLICATION, 2021–2028 (KILOTON)
                                TABLE 82 US: ACRYLIC ACID MARKET IN ACRYLIC POLYMERS AND OTHER DERIVATIVES,  BY APPLICATION, 2021–2028 (USD MILLION)
                                TABLE 83 US: ACRYLIC ACID MARKET IN ACRYLIC POLYMERS AND OTHER DERIVATIVES,  BY APPLICATION, 2021–2028 (KILOTON)
           8.3.3 CANADA
                    8.3.3.1 Government initiatives in construction sector to support acrylic acid market growth
                                TABLE 84 CANADA: ACRYLIC ACID MARKET, BY DERIVATIVE, 2021–2028 (USD MILLION)
                                TABLE 85 CANADA: ACRYLIC ACID MARKET, BY DERIVATIVE, 2021–2028 (KILOTON)
                                TABLE 86 CANADA: ACRYLIC ACID MARKET IN ACRYLIC ESTERS, BY APPLICATION,  2021–2028 (USD MILLION)
                                TABLE 87 CANADA: ACRYLIC ACID MARKET IN ACRYLIC ESTERS, BY APPLICATION,  2021–2028 (KILOTON)
                                TABLE 88 CANADA: ACRYLIC ACID MARKET IN ACRYLIC POLYMERS AND OTHER DERIVATIVES,  BY APPLICATION, 2021–2028 (USD MILLION)
                                TABLE 89 CANADA: ACRYLIC ACID MARKET IN ACRYLIC POLYMERS AND OTHER DERIVATIVES,  BY APPLICATION, 2021–2028 (KILOTON)
           8.3.4 MEXICO
                    8.3.4.1 Acrylic esters to account for major share of overall market during forecast period
                                TABLE 90 MEXICO: ACRYLIC ACID MARKET, BY DERIVATIVE, 2021–2028 (USD MILLION)
                                TABLE 91 MEXICO: ACRYLIC ACID MARKET, BY DERIVATIVE, 2021–2028 (KILOTON)
                                TABLE 92 MEXICO: ACRYLIC ACID MARKET IN ACRYLIC ESTERS, BY APPLICATION,  2021–2028 (USD MILLION)
                                TABLE 93 MEXICO: ACRYLIC ACID MARKET IN ACRYLIC ESTERS, BY APPLICATION,  2021–2028 (KILOTON)
                                TABLE 94 MEXICO: ACRYLIC ACID MARKET IN ACRYLIC POLYMERS AND OTHER DERIVATIVES,  BY APPLICATION, 2021–2028 (USD MILLION)
                                TABLE 95 MEXICO: ACRYLIC ACID MARKET IN ACRYLIC POLYMERS AND OTHER DERIVATIVES,  BY APPLICATION, 2021–2028 (KILOTON)
    8.4 EUROPE 
           8.4.1 RECESSION IMPACT
                    TABLE 96 EUROPE: ACRYLIC ACID MARKET, BY COUNTRY, 2021–2028 (USD MILLION)
                    TABLE 97 EUROPE: ACRYLIC ACID MARKET, BY COUNTRY, 2021–2028 (KILOTON)
                    TABLE 98 EUROPE: ACRYLIC ACID MARKET, BY DERIVATIVE, 2017–2020 (USD MILLION)
                    TABLE 99 EUROPE: ACRYLIC ACID MARKET, BY DERIVATIVE, 2017–2020 (KILOTON)
                    TABLE 100 EUROPE: ACRYLIC ACID MARKET, BY DERIVATIVE, 2021–2028 (USD MILLION)
                    TABLE 101 EUROPE: ACRYLIC ACID MARKET, BY DERIVATIVE, 2021–2028 (KILOTON)
                    TABLE 102 EUROPE: ACRYLIC ACID MARKET IN ACRYLIC ESTERS, BY APPLICATION,  2021–2028 (USD MILLION)
                    TABLE 103 EUROPE: ACRYLIC ACID MARKET IN ACRYLIC ESTERS, BY APPLICATION,  2021–2028 (KILOTON)
                    TABLE 104 EUROPE: ACRYLIC ACID MARKET IN ACRYLIC POLYMERS AND OTHER DERIVATIVES, BY APPLICATION, 2021–2028 (USD MILLION)
                    TABLE 105 EUROPE: ACRYLIC ACID MARKET IN ACRYLIC POLYMERS AND OTHER DERIVATIVES,  BY APPLICATION, 2021–2028 (KILOTON)
           8.4.2 GERMANY
                    8.4.2.1 Presence of highly developed chemical industry to support market growth
                                TABLE 106 GERMANY: ACRYLIC ACID MARKET, BY DERIVATIVE, 2021–2028 (USD MILLION)
                                TABLE 107 GERMANY: ACRYLIC ACID MARKET, BY DERIVATIVE, 2021–2028 (KILOTON)
                                TABLE 108 GERMANY: ACRYLIC ACID MARKET IN ACRYLIC ESTERS, BY APPLICATION,  2021–2028 (USD MILLION)
                                TABLE 109 GERMANY: ACRYLIC ACID MARKET IN ACRYLIC ESTERS, BY APPLICATION,  2021–2028 (KILOTON)
                                TABLE 110 GERMANY: ACRYLIC ACID MARKET IN ACRYLIC POLYMERS AND OTHER DERIVATIVES,  BY APPLICATION, 2021–2028 (USD MILLION)
                                TABLE 111 GERMANY: ACRYLIC ACID MARKET IN ACRYLIC POLYMERS AND OTHER DERIVATIVES,  BY APPLICATION, 2021–2028 (KILOTON)
           8.4.3 FRANCE
                    8.4.3.1 Growing investment in plastic industry to drive demand
                                TABLE 112 FRANCE: ACRYLIC ACID MARKET, BY DERIVATIVE, 2021–2028 (USD MILLION)
                                TABLE 113 FRANCE: ACRYLIC ACID MARKET, BY DERIVATIVE, 2021–2028 (KILOTON)
                                TABLE 114 FRANCE: ACRYLIC ACID MARKET IN ACRYLIC ESTERS, BY APPLICATION,  2021–2028 (USD MILLION)
                                TABLE 115 FRANCE: ACRYLIC ACID MARKET IN ACRYLIC ESTERS, BY APPLICATION,  2021–2028 (KILOTON)
                                TABLE 116 FRANCE: ACRYLIC ACID MARKET IN ACRYLIC POLYMERS AND OTHER DERIVATIVES,  BY APPLICATION, 2021–2028 (USD MILLION)
                                TABLE 117 FRANCE: ACRYLIC ACID MARKET IN ACRYLIC POLYMERS AND OTHER DERIVATIVES,  BY APPLICATION, 2021–2028 (KILOTON)
           8.4.4 NETHERLANDS
                    8.4.4.1 Strategic location in European chemical industry to support market
                                TABLE 118 NETHERLANDS: ACRYLIC ACID MARKET, BY DERIVATIVE, 2021–2028 (USD MILLION)
                                TABLE 119 NETHERLANDS: ACRYLIC ACID MARKET, BY DERIVATIVE, 2021–2028 (KILOTON)
                                TABLE 120 NETHERLANDS: ACRYLIC ACID MARKET IN ACRYLIC ESTERS, BY APPLICATION,  2021–2028 (USD MILLION)
                                TABLE 121 NETHERLANDS: ACRYLIC ACID MARKET IN ACRYLIC ESTERS, BY APPLICATION,  2021–2028 (KILOTON)
                                TABLE 122 NETHERLANDS: ACRYLIC ACID MARKET IN ACRYLIC POLYMERS AND OTHER DERIVATIVES, BY APPLICATION, 2021–2028 (USD MILLION)
                                TABLE 123 NETHERLANDS: ACRYLIC ACID MARKET IN ACRYLIC POLYMERS AND OTHER DERIVATIVES, BY APPLICATION, 2021–2028 (KILOTON)
           8.4.5 BELGIUM
                    8.4.5.1 Increasing exports to support market growth
                                TABLE 124 BELGIUM: ACRYLIC ACID MARKET, BY DERIVATIVE, 2021–2028 (USD MILLION)
                                TABLE 125 BELGIUM: ACRYLIC ACID MARKET, BY DERIVATIVE, 2021–2028 (KILOTON)
                                TABLE 126 BELGIUM: ACRYLIC ACID MARKET IN ACRYLIC ESTERS, BY APPLICATION,  2021–2028 (USD MILLION)
                                TABLE 127 BELGIUM: ACRYLIC ACID MARKET IN ACRYLIC ESTERS, BY APPLICATION,  2021–2028 (KILOTON)
                                TABLE 128 BELGIUM: ACRYLIC ACID MARKET IN ACRYLIC POLYMERS AND OTHER DERIVATIVES, BY APPLICATION, 2021–2028 (USD MILLION)
                                TABLE 129 BELGIUM: ACRYLIC ACID MARKET IN ACRYLIC POLYMERS AND OTHER DERIVATIVES,  BY APPLICATION, 2021–2028 (KILOTON)
           8.4.6 REST OF EUROPE
                    TABLE 130 REST OF EUROPE: ACRYLIC ACID MARKET, BY DERIVATIVE, 2021–2028 (USD MILLION)
                    TABLE 131 REST OF EUROPE: ACRYLIC ACID MARKET, BY DERIVATIVE, 2021–2028 (KILOTON)
                    TABLE 132 REST OF EUROPE: ACRYLIC ACID MARKET IN ACRYLIC ESTERS, BY APPLICATION,  2021–2028 (USD MILLION)
                    TABLE 133 REST OF EUROPE: ACRYLIC ACID MARKET IN ACRYLIC ESTERS, BY APPLICATION,  2021–2028 (KILOTON)
                    TABLE 134 REST OF EUROPE: ACRYLIC ACID MARKET IN ACRYLIC POLYMERS AND  OTHER DERIVATIVES, BY APPLICATION, 2021–2028 (USD MILLION)
                    TABLE 135 REST OF EUROPE: ACRYLIC ACID MARKET IN ACRYLIC POLYMERS AND  OTHER DERIVATIVES, BY APPLICATION, 2021–2028 (KILOTON)
    8.5 MIDDLE EAST & AFRICA 
           8.5.1 RECESSION IMPACT
                    TABLE 136 MIDDLE EAST & AFRICA: ACRYLIC ACID MARKET, BY COUNTRY,  2021–2028 (USD MILLION)
                    TABLE 137 MIDDLE EAST & AFRICA: ACRYLIC ACID MARKET, BY COUNTRY, 2021–2028 (KILOTON)
                    TABLE 138 MIDDLE EAST & AFRICA: ACRYLIC ACID MARKET, BY DERIVATIVE,  2017–2020 (USD MILLION)
                    TABLE 139 MIDDLE EAST & AFRICA: ACRYLIC ACID MARKET, BY DERIVATIVE,  2017–2020 (KILOTON)
                    TABLE 140 MIDDLE EAST & AFRICA: ACRYLIC ACID MARKET, BY DERIVATIVE,  2021–2028 (USD MILLION)
                    TABLE 141 MIDDLE EAST & AFRICA: ACRYLIC ACID MARKET, BY DERIVATIVE, 2021–2028 (KILOTON)
                    TABLE 142 MIDDLE EAST & AFRICA: ACRYLIC ACID MARKET IN ACRYLIC ESTERS,  BY APPLICATION, 2021–2028 (USD MILLION)
                    TABLE 143 MIDDLE EAST & AFRICA: ACRYLIC ACID MARKET IN ACRYLIC ESTERS,  BY APPLICATION, 2021–2028 (KILOTON)
                    TABLE 144 MIDDLE EAST & AFRICA: ACRYLIC ACID MARKET IN ACRYLIC POLYMERS AND  OTHER DERIVATIVES, BY APPLICATION, 2021–2028 (USD MILLION)
                    TABLE 145 MIDDLE EAST & AFRICA: ACRYLIC ACID MARKET IN ACRYLIC POLYMERS AND  OTHER DERIVATIVES, BY APPLICATION, 2021–2028 (KILOTON)
           8.5.2 SOUTH AFRICA
                    8.5.2.1 Increasing demand for surface coatings to boost market growth
                                TABLE 146 SOUTH AFRICA: ACRYLIC ACID MARKET, BY DERIVATIVE, 2021–2028 (USD MILLION)
                                TABLE 147 SOUTH AFRICA: ACRYLIC ACID MARKET, BY DERIVATIVE, 2021–2028 (KILOTON)
                                TABLE 148 SOUTH AFRICA: ACRYLIC ACID MARKET IN ACRYLIC ESTERS, BY APPLICATION,  2021–2028 (USD MILLION)
                                TABLE 149 SOUTH AFRICA: ACRYLIC ACID MARKET IN ACRYLIC ESTERS, BY APPLICATION,  2021–2028 (KILOTON)
                                TABLE 150 SOUTH AFRICA: ACRYLIC ACID MARKET IN ACRYLIC POLYMERS AND  OTHER DERIVATIVES, BY APPLICATION, 2021–2028 (USD MILLION)
                                TABLE 151 SOUTH AFRICA: ACRYLIC ACID MARKET IN ACRYLIC POLYMERS AND OTHER DERIVATIVES, BY APPLICATION, 2021–2028 (KILOTON)
           8.5.3 SAUDI ARABIA
                    8.5.3.1 Acrylic esters segment to dominate overall market during forecast period
                                TABLE 152 SAUDI ARABIA: ACRYLIC ACID MARKET, BY DERIVATIVE, 2021–2028 (USD MILLION)
                                TABLE 153 SAUDI ARABIA: ACRYLIC ACID MARKET, BY DERIVATIVE, 2021–2028 (KILOTON)
                                TABLE 154 SAUDI ARABIA: ACRYLIC ACID MARKET IN ACRYLIC ESTERS, BY APPLICATION,  2021–2028 (USD MILLION)
                                TABLE 155 SAUDI ARABIA: ACRYLIC ACID MARKET IN ACRYLIC ESTERS, BY APPLICATION,  2021–2028 (KILOTON)
                                TABLE 156 SAUDI ARABIA: ACRYLIC ACID MARKET IN ACRYLIC POLYMERS AND  OTHER DERIVATIVES, BY APPLICATION, 2021–2028 (USD MILLION)
                                TABLE 157 SAUDI ARABIA: ACRYLIC ACID MARKET IN ACRYLIC POLYMERS AND OTHER DERIVATIVES, BY APPLICATION, 2021–2028 (KILOTON)
           8.5.4 EGYPT
                    8.5.4.1 Increasing exports of chemicals to boost market for acrylic acid
                                TABLE 158 EGYPT: ACRYLIC ACID MARKET, BY DERIVATIVE, 2021–2028 (USD MILLION)
                                TABLE 159 EGYPT: ACRYLIC ACID MARKET, BY DERIVATIVE, 2021–2028 (KILOTON)
                                TABLE 160 EGYPT: ACRYLIC ACID MARKET IN ACRYLIC ESTERS, BY APPLICATION,  2021–2028 (USD MILLION)
                                TABLE 161 EGYPT: ACRYLIC ACID MARKET IN ACRYLIC ESTERS, BY APPLICATION,  2021–2028 (KILOTON)
                                TABLE 162 EGYPT: ACRYLIC ACID MARKET IN ACRYLIC POLYMERS AND OTHER DERIVATIVES,  BY APPLICATION, 2021–2028 (USD MILLION)
                                TABLE 163 EGYPT: ACRYLIC ACID MARKET IN ACRYLIC POLYMERS AND OTHER DERIVATIVES,  BY APPLICATION, 2021–2028 (KILOTON)
           8.5.5 REST OF MIDDLE EAST & AFRICA
                    TABLE 164 REST OF MIDDLE EAST & AFRICA: ACRYLIC ACID MARKET, BY DERIVATIVE,  2021–2028 (USD MILLION)
                    TABLE 165 REST OF MIDDLE EAST & AFRICA: ACRYLIC ACID MARKET, BY DERIVATIVE,  2021–2028 (KILOTON)
                    TABLE 166 REST OF MIDDLE EAST & AFRICA: ACRYLIC ACID MARKET IN ACRYLIC ESTERS,  BY APPLICATION, 2021–2028 (USD MILLION)
                    TABLE 167 REST OF MIDDLE EAST & AFRICA: ACRYLIC ACID MARKET IN ACRYLIC ESTERS,  BY APPLICATION, 2021–2028 (KILOTON)
                    TABLE 168 REST OF MIDDLE EAST & AFRICA: ACRYLIC ACID MARKET IN ACRYLIC POLYMERS AND OTHER DERIVATIVES, BY APPLICATION, 2021–2028 (USD MILLION)
                    TABLE 169 REST OF MIDDLE EAST & AFRICA: ACRYLIC ACID MARKET IN ACRYLIC POLYMERS AND OTHER DERIVATIVES, BY APPLICATION, 2021–2028 (KILOTON)
    8.6 SOUTH AMERICA 
           8.6.1 RECESSION IMPACT
                    TABLE 170 SOUTH AMERICA: ACRYLIC ACID MARKET, BY COUNTRY, 2021–2028 (USD MILLION)
                    TABLE 171 SOUTH AMERICA: ACRYLIC ACID MARKET, BY COUNTRY, 2021–2028 (KILOTON)
                    TABLE 172 SOUTH AMERICA: ACRYLIC ACID MARKET, BY DERIVATIVE,  2017–2020 (USD MILLION)
                    TABLE 173 SOUTH AMERICA: ACRYLIC ACID MARKET, BY DERIVATIVE, 2017–2020 (KILOTON)
                    TABLE 174 SOUTH AMERICA: ACRYLIC ACID MARKET, BY DERIVATIVE, 2021–2028 (USD MILLION)
                    TABLE 175 SOUTH AMERICA: ACRYLIC ACID MARKET, BY DERIVATIVE, 2021–2028 (KILOTON)
                    TABLE 176 SOUTH AMERICA: ACRYLIC ACID MARKET IN ACRYLIC ESTERS, BY APPLICATION,  2021–2028 (USD MILLION)
                    TABLE 177 SOUTH AMERICA: ACRYLIC ACID MARKET IN ACRYLIC ESTERS, BY APPLICATION,  2021–2028 (KILOTON)
                    TABLE 178 SOUTH AMERICA: ACRYLIC ACID MARKET IN ACRYLIC POLYMERS AND OTHER DERIVATIVES, BY APPLICATION, 2021–2028 (USD MILLION)
                    TABLE 179 SOUTH AMERICA: ACRYLIC ACID MARKET IN ACRYLIC POLYMERS AND OTHER DERIVATIVES, BY APPLICATION, 2021–2028 (KILOTON)
           8.6.2 BRAZIL
                    8.6.2.1 Brazil to be dominant market for acrylic acid in South America
                                TABLE 180 BRAZIL: ACRYLIC ACID MARKET, BY DERIVATIVE, 2021–2028 (USD MILLION)
                                TABLE 181 BRAZIL: ACRYLIC ACID MARKET, BY DERIVATIVE, 2021–2028 (KILOTON)
                                TABLE 182 BRAZIL: ACRYLIC ACID MARKET IN ACRYLIC ESTERS, BY APPLICATION,  2021–2028 (USD MILLION)
                                TABLE 183 BRAZIL: ACRYLIC ACID MARKET IN ACRYLIC ESTERS, BY APPLICATION,  2021–2028 (KILOTON)
                                TABLE 184 BRAZIL: ACRYLIC ACID MARKET IN ACRYLIC POLYMERS AND OTHER DERIVATIVES,  BY APPLICATION, 2021–2028 (USD MILLION)
                                TABLE 185 BRAZIL: ACRYLIC ACID MARKET IN ACRYLIC POLYMERS AND OTHER DERIVATIVES,  BY APPLICATION, 2021–2028 (KILOTON)
           8.6.3 ARGENTINA
                    8.6.3.1 Unfavorable economic conditions likely to cause sluggish market growth
                                TABLE 186 ARGENTINA: ACRYLIC ACID MARKET, BY DERIVATIVE, 2021–2028 (USD MILLION)
                                TABLE 187 ARGENTINA: ACRYLIC ACID MARKET, BY DERIVATIVE, 2021–2028 (KILOTON)
                                TABLE 188 ARGENTINA: ACRYLIC ACID MARKET IN ACRYLIC ESTERS, BY APPLICATION,  2021–2028 (USD MILLION)
                                TABLE 189 ARGENTINA: ACRYLIC ACID MARKET IN ACRYLIC ESTERS, BY APPLICATION,  2021–2028 (KILOTON)
                                TABLE 190 ARGENTINA: ACRYLIC ACID MARKET IN ACRYLIC POLYMERS AND OTHER DERIVATIVES,  BY APPLICATION, 2021–2028 (USD MILLION)
                                TABLE 191 ARGENTINA: ACRYLIC ACID MARKET IN ACRYLIC POLYMERS AND OTHER DERIVATIVES,  BY APPLICATION, 2021–2028 (KILOTON)
           8.6.4 REST OF SOUTH AMERICA
                    TABLE 192 REST OF SOUTH AMERICA: ACRYLIC ACID MARKET, BY DERIVATIVE,  2021–2028 (USD MILLION)
                    TABLE 193 REST OF SOUTH AMERICA: ACRYLIC ACID MARKET, BY DERIVATIVE,  2021–2028 (KILOTON)
                    TABLE 194 REST OF SOUTH AMERICA: ACRYLIC ACID MARKET IN ACRYLIC ESTERS,  BY APPLICATION, 2021–2028 (USD MILLION)
                    TABLE 195 REST OF SOUTH AMERICA: ACRYLIC ACID MARKET IN ACRYLIC ESTERS,  BY APPLICATION, 2021–2028 (KILOTON)
                    TABLE 196 REST OF SOUTH AMERICA: ACRYLIC ACID MARKET IN ACRYLIC POLYMERS AND OTHER DERIVATIVES, BY APPLICATION, 2021–2028 (USD MILLION)
                    TABLE 197 REST OF SOUTH AMERICA: ACRYLIC ACID MARKET IN ACRYLIC POLYMERS AND OTHER DERIVATIVES, BY APPLICATION, 2021–2028 (KILOTON)
 
9 COMPETITIVE LANDSCAPE (Page No. - 169)
    9.1 OVERVIEW 
          TABLE 198 COMPANIES ADOPTED EXPANSIONS AS KEY GROWTH STRATEGY BETWEEN 2018 AND 2023
    9.2 MARKET SHARE ANALYSIS 
          FIGURE 36 MARKET SHARE ANALYSIS OF KEY PLAYERS, 2022
    9.3 REVENUE ANALYSIS OF TOP PLAYERS 
          FIGURE 37 FIVE-YEAR REVENUE ANALYSIS OF KEY COMPANIES
    9.4 COMPANY EVALUATION MATRIX 
           9.4.1 STARS
           9.4.2 EMERGING LEADERS
           9.4.3 PARTICIPANTS
           9.4.4 PERVASIVE PLAYERS
                    FIGURE 38 COMPANY EVALUATION MATRIX: ACRYLIC ACID MARKET, 2022
    9.5 COMPANY FOOTPRINT 
          TABLE 199 ACRYLIC ACID MARKET: COMPANY FOOTPRINT
    9.6 SME EVALUATION MATRIX, 2022 
           9.6.1 PROGRESSIVE COMPANIES
           9.6.2 RESPONSIVE COMPANIES
           9.6.3 DYNAMIC COMPANIES
           9.6.4 STARTING BLOCKS
                    FIGURE 39 SME EVALUATION MATRIX: ACRYLIC ACID MARKET, 2022
    9.7 COMPETITIVE BENCHMARKING 
          TABLE 200 ACRYLIC ACID MARKET: LIST OF KEY PLAYERS
    9.8 COMPETITIVE SCENARIO 
           9.8.1 DEALS
                    TABLE 201 DEALS, 2018–2023
           9.8.2 PRODUCT LAUNCHES
                    TABLE 202 PRODUCT LAUNCHES, 2018–2023
           9.8.3 OTHER DEVELOPMENTS
                    TABLE 203 OTHER DEVELOPMENTS, 2018–2023
 
10 COMPANY PROFILE (Page No. - 185)
(Business overview, Products/Solutions/Services offered, Recent Developments, MnM view, Right to win, Strategic choices, Weaknesses and competitive threats)* 
     10.1 KEY PLAYERS 
             10.1.1 BASF SE
                        TABLE 204 BASF SE: COMPANY OVERVIEW
                        FIGURE 40 BASF SE: COMPANY SNAPSHOT
                        TABLE 205 BASF SE: DEALS
                        TABLE 206 BASF SE: OTHERS
             10.1.2 ARKEMA
                        TABLE 207 ARKEMA: COMPANY OVERVIEW
                        FIGURE 41 ARKEMA: COMPANY SNAPSHOT
                        TABLE 208 ARKEMA: PRODUCT LAUNCHES
                        TABLE 209 ARKEMA: DEALS
                        TABLE 210 ARKEMA: OTHERS
             10.1.3 NIPPON SHOKUBAI CO., LTD.
                        TABLE 211 NIPPON SHOKUBAI CO., LTD.: COMPANY OVERVIEW
                        FIGURE 42 NIPPON SHOKUBAI CO., LTD.: COMPANY SNAPSHOT
                        TABLE 212 NIPPON SHOKUBAI CO., LTD.: OTHERS
             10.1.4 LG CHEM
                        TABLE 213 LG CHEM: COMPANY OVERVIEW
                        FIGURE 43 LG CHEM: COMPANY SNAPSHOT
                        TABLE 214 LG CHEM: DEALS
                        TABLE 215 LG CHEM: OTHERS
             10.1.5 DOW CHEMICAL COMPANY
                        TABLE 216 DOW CHEMICAL COMPANY: COMPANY OVERVIEW
                        FIGURE 44 DOW CHEMICAL COMPANY: COMPANY SNAPSHOT
                        TABLE 217 DOW CHEMICAL COMPANY: OTHERS
             10.1.6 MITSUBISHI CHEMICAL CORPORATION
                        TABLE 218 MITSUBISHI CHEMICAL CORPORATION: COMPANY OVERVIEW
                        FIGURE 45 MITSUBISHI CHEMICAL CORPORATION: COMPANY SNAPSHOT
                        TABLE 219 MITSUBISHI CHEMICAL CORPORATION: DEALS
                        TABLE 220 MITSUBISHI CHEMICAL CORPORATION: OTHERS
             10.1.7 SASOL LTD.
                        TABLE 221 SASOL LTD.: COMPANY OVERVIEW
                        FIGURE 46 SASOL LTD.: COMPANY SNAPSHOT
             10.1.8 EVONIK INDUSTRIES AG
                        TABLE 222 EVONIK INDUSTRIES AG: COMPANY OVERVIEW
                        FIGURE 47 EVONIK INDUSTRIES AG: COMPANY SNAPSHOT
                        TABLE 223 EVONIK INDUSTRIES AG: DEALS
                        TABLE 224 EVONIK INDUSTRIES AG: PRODUCT LAUNCHES
                        TABLE 225 EVONIK INDUSTRIES AG: OTHERS
             10.1.9 MERCK KGAA
                        TABLE 226 MERCK KGAA: COMPANY OVERVIEW
                        FIGURE 48 MERCK KGAA: COMPANY SNAPSHOT
             10.1.10 SUMITOMO CORPORATION
                        TABLE 227 SUMITOMO CORPORATION: COMPANY OVERVIEW
                        FIGURE 49 SUMITOMO CORPORATION: COMPANY SNAPSHOT
                        TABLE 228 SUMITOMO CORPORATION: OTHERS
*Details on Business overview, Products/Solutions/Services offered, Recent Developments, MnM view, Right to win, Strategic choices, Weaknesses and competitive threats might not be captured in case of unlisted companies.
     10.2 ADDITIONAL PLAYERS 
             10.2.1 SATELLITE CHEMICAL CO., LTD.
                        TABLE 229 SATELLITE CHEMICAL CO., LTD.: COMPANY OVERVIEW
             10.2.2 SYNTHOMER PLC
                        TABLE 230 SYNTHOMER PLC: COMPANY OVERVIEW
             10.2.3 SHANGHAI HUAYI ACRYLIC ACID CO., LTD.
                        TABLE 231 SHANGHAI HUAYI ACRYLIC ACID CO., LTD.: COMPANY OVERVIEW
             10.2.4 SIBUR HOLDING PJSC
                        TABLE 232 SIBUR HOLDING PJSC: COMPANY OVERVIEW
             10.2.5 WANHUA CHEMICAL GROUP CO., LTD.
                        TABLE 233 WANHUA CHEMICAL GROUP CO., LTD.: COMPANY OVERVIEW
             10.2.6 TOAGOSEI CO., LTD.
                        TABLE 234 TOAGOSEI CO., LTD.: COMPANY OVERVIEW
             10.2.7 SINOCHEM GROUP CO., LTD.
                        TABLE 235 SINOCHEM GROUP CO., LTD.: COMPANY OVERVIEW
             10.2.8 LUBRIZOL CORPORATION
                        TABLE 236 LUBRIZOL CORPORATION: COMPANY OVERVIEW
             10.2.9 POLYSCIENCES, INC.
                        TABLE 237 POLYSCIENCES, INC.: COMPANY OVERVIEW
             10.2.10 JURONG GROUP
                        TABLE 238 JURONG GROUP: COMPANY OVERVIEW
             10.2.11 MOMENTIVE PERFORMANCE MATERIALS
                        TABLE 239 MOMENTIVE PERFORMANCE MATERIALS: COMPANY OVERVIEW
             10.2.12 SOLVAY
                        TABLE 240 SOLVAY: COMPANY OVERVIEW
             10.2.13 RÖHM GMBH
                        TABLE 241 RÖHM GMBH: COMPANY OVERVIEW
             10.2.14 KAMSONS CHEMICALS PVT. LTD.
                        TABLE 242 KAMSONS CHEMICALS PVT. LTD. COMPANY OVERVIEW
             10.2.15 GELLNER INDUSTRIAL LLC
                        TABLE 243 GELLNER INDUSTRIAL LLC: COMPANY OVERVIEW
 
11 ADJACENT & RELATED MARKET (Page No. - 246)
     11.1 INTRODUCTION 
     11.2 LIMITATIONS 
     11.3 BIO-ACRYLIC ACID MARKET 
             11.3.1 MARKET DEFINITION
             11.3.2 MARKET OVERVIEW
     11.4 BIO-ACRYLIC ACID MARKET, BY TYPE 
             TABLE 244 BIO-ACRYLIC ACID MARKET, BY TYPE, 2021–2027 (USD MILLION)
             TABLE 245 BIO-ACRYLIC ACID MARKET, BY TYPE, 2021–2027 (TON)
     11.5 BIO-ACRYLIC ACID MARKET, BY APPLICATION 
             TABLE 246 BIO-ACRYLIC ACID MARKET, BY APPLICATION, 2021–2027 (USD MILLION)
             TABLE 247 BIO-ACRYLIC ACID MARKET, BY APPLICATION, 2021–2027 (TON)
     11.6 BIO-ACRYLIC ACID MARKET, BY REGION 
             TABLE 248 BIO-ACRYLIC ACID MARKET, BY REGION, 2021–2027 (TON)
             TABLE 249 BIO-ACRYLIC ACID MARKET, BY REGION, 2021–2027 (USD MILLION)
 
12 APPENDIX (Page No. - 250)
     12.1 DISCUSSION GUIDE 
     12.2 CUSTOMIZATION OPTIONS 
     12.3 RELATED REPORTS 
     12.4 KNOWLEDGESTORE: MARKETSANDMARKETS’  SUBSCRIPTION PORTAL 
     12.5 AUTHOR DETAILS 

This research involved the use of extensive secondary sources and databases, such as Factiva and Bloomberg, to identify and collect information useful for a technical and market-oriented study of the acrylic acid market. Primary sources included industry experts from related industries and preferred suppliers, manufacturers, distributors, technologists, standards & certification organizations, and organizations related to all segments of the value chain of this industry. In-depth interviews have been conducted with various primary respondents, such as key industry participants, subject matter experts (SMEs), executives of key companies, and industry consultants, to obtain and verify critical qualitative and quantitative information as well as to assess growth prospects.

Secondary Research

In the secondary research process, various sources such as annual reports, press releases, and investor presentations of companies, white papers, and publications from recognized websites and databases have been referred to for identifying and collecting information. Secondary research has been used to obtain key information about the industry's supply chain, the total pool of key players, market classification and segmentation according to the industry trends to the bottom-most level, regional markets, and key developments from both market-and technology-oriented perspectives.

Primary Research

The acrylic acid market is comprised of several stakeholders in the supply chain, which includes suppliers, processors, and end-product manufacturers. Various primary sources from the supply and demand sides of the markets have been interviewed to obtain qualitative and quantitative information. The primary participants from the demand side include key opinion leaders, executives, vice presidents, and CEOs of companies in the acrylic acid market. Primary sources from the supply side include associations and institutions involved in the acrylic acid industry, key opinion leaders, and processing players.

Following is the breakdown of primary respondents

Acrylic Acid Market Size, and Share

Notes: Other designations include product, sales, and marketing managers.

Tiers of the companies are classified based on their annual revenues as of 2021, Tier 1 = >USD 5 Billion, Tier 2 = USD 1 Billion to USD 5 Billion, and Tier 3= <USD 1 Billion.

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both top-down and bottom-up approaches were used to estimate and validate the size of the global acrylic acid market. The research methodology used to estimate the market size includes the following:

  • The key players in the industry were identified through extensive secondary research.
  • The supply chain of the industry and market size, in terms of value, were determined through primary and secondary research.
  • All percentage share splits and breakdowns were determined using secondary sources and verified through primary sources.
  • All possible parameters that affect the markets covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data.
  • The research includes the study of reports, reviews, and newsletters of key industry players, along with extensive interviews with key officials, such as directors and marketing executives.

Market Size Estimation: Bottom-Up Approach and Top-Down Approach

Acrylic Acid Market Size, and Share

To know about the assumptions considered for the study, Request for Free Sample Report

Acrylic Acid Market Size, and Share

Data Triangulation

After arriving at the total market size from the estimation process explained above, the overall market was split into several segments and subsegments. To complete the overall market size estimation process and arrive at the exact statistics for all segments and subsegments, data triangulation and market breakdown procedures have been employed, wherever applicable. The data have been triangulated by studying various factors and trends from both the demand and supply sides. In addition, the market size has been validated by using both the top-down and bottom-up approaches.

Market Definition

The acrylic acid market refers to the industry that produces and supplies acrylic acid and its derivatives. Acrylic acid is an organic substance well-known for its adaptability and wide-ranging industrial uses. It is a clear liquid with a distinctive acrid odor that is a crucial precursor in the creation of many different polymers, including superabsorbent polymers used in diapers, adhesives, coatings, textiles, and more. Due to its reactivity and capacity for polymerization, acrylic acid is a key component in the production of a variety of products vital to daily life and different industries.

Key Stakeholders

  • Raw material suppliers
  • Acrylic acid products manufacturers
  • Government & regulatory bodies
  • Research organizations
  • Associations and industry bodies
  • End users
  • Traders and distributors

Report Objectives

  • To define, describe, and forecast the global acrylic acid market in terms of value and volume.
  • To provide insights regarding the significant factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)
  • To analyze and forecast the market based on the derivative, and by application.
  • To forecast the market size, in terms of value and volume, with respect to five main regions: North America, Europe, Asia Pacific, Middle East & Africa, and South America.
  • To analyze the opportunities in the market for stakeholders and provide details of the competitive landscape.
  • To strategically profile key players in the market
  • To analyze competitive developments in the market, such as new product launches, capacity expansions, and mergers & acquisitions
  • To strategically profile the leading players and comprehensively analyze their key developments in the market.

Available Customizations:

Along with the given market data, MarketsandMarkets offers customizations as per the specific needs of the companies. The following customization options are available for the report:

Product Analysis:

  • Product Matrix, which gives a detailed comparison of the product portfolio of each company

Regional Analysis:

  • Further breakdown of the Rest of the Asia Pacific Acrylic acid market
  • Further breakdown of the Rest of Europe's Acrylic acid market

Company Information:

  • Detailed analysis and profiling of additional market players (up to 5)
Custom Market Research Services

We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions.

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