According to ChemAnalyst report, “Global Acrylic Acid Market Analysis: Industry Market Size, Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, Foreign Trade, Company Share, Manufacturing Process, 2015-2032”, The Acrylic Acid market is anticipated to experience a significant rise and reach approximately 10.3 million tonnes in 2032, at an expected CAGR of 4.39% during the forecast period by 2032. The rising demand for Acrylic Acid by Acrylate Ester, Super Absorbent Polymer, Water Treatment, Detergent, Paper, and other end-use industries, is anticipated to grow the demand for the Acrylic Acid market in the forecast period. Although, the impressive absorption properties of Super Absorbent Polymer are driving its application in hygiene sector, which is anticipated to propel the growth of the Acrylic Acid market in the coming years.

Acrylic acid is primarily synthesized via the catalytic oxidation of propylene. When propylene undergoes two-stage selective oxidation, it generates acrylic acid as the product, while acrolein serves as a fast-acting intermediate. Tantalum, arsenic, and molybdenum oxide work as a catalyst and the reaction is carried out in a fixed-bed reactor at temperatures between 310 and 2500 degrees Celsius. Coatings, adhesives, fabrics, paints, ink, and paper industries are a few of the applications in which acrylic acid and its derivatives are utilized. Furthermore, Acrylic acid is often used for synthesis of polyacrylates, polyacrylic acid and polymethacrylic acids.

Read Full Report Here: https://www.chemanalyst.com/industry-report/acrylic-acid-market-287

An increase in the overall consumption of Acrylic Acid for manufacturing acrylate esters is primarily driving the Acrylic Acid market globally. Acrylate esters have been employed in many industries, such as plastics, paints & coatings, textiles, and adhesives. Moreover, the Super Absorbent Polymer (SAP) industry also significantly contributes to the growth of the Acrylic Acid market in the forecasted period. SAP holds excellent absorbing properties and is widely used for manufacturing hygiene products like sanitary napkins to non-hygiene applications like agriculture, construction, horticulture, and civil engineering.

The global Acrylic Acid market is segmented on end-use, sales channel, and region. Based on region, Asia Pacific is the largest consumer of the global Acrylic Acid market. In 2022, this region consumed approximately 45% of the global Acrylic Acid 2022, which is a huge chunk of the market. North America and Europe stand after the Asia Pacific region in terms of consuming Acrylic Acid. Moreover, Asia Pacific is also the leading producer of Acrylic Acid on a global scale.

Based on end-uses, the Acrylic Acid market is segregated into Acrylate Ester, Super Absorbent Polymer, Water Treatment, Detergent, Paper, and others. The Acrylate Ester Industry dominates the Acrylic Acid market and held a market share of nearly 62% in 2022. Super Absorbent Polymer also holds prominent market shares and is expected to grow on a fast pace in the future owing to the rising demand of hygiene products such as diapers and women hygiene products.

Read Free Sample Report: Global Acrylic Acid Market

“Global Acrylic Acid Market Analysis: Industry Market Size, Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, Foreign Trade, Company Share, Manufacturing Process, 2015-2032”, the significant players in the Global Acrylic Acid market are Arkema SA, BASF SE, Nippon Shokubai Co. Ltd., LG Chem limited, The Dow Chemical Company, Jiangsu Jurong Chemical Co. Ltd, Zhejiang Satellite Petro Chemical Co. Ltd., BASF-YPC Company Limited, Wanhua Chemical Group Co. Ltd., Evonik Industries AG, and Shanghai Huayi Acrylic Acid Co., Ltd.

“Acrylic Acid for the synthesis of acrylate ester and super absorbent polymer (SAP) is likely to drive the Global Acrylic Acid market in the forecast period until 2032. Wide range of applications of acrylate esters in multiple industries such as paints & coatings are anticipated to contribute to the market growth. Furthermore, application of super absorbent polymer for manufacturing hygiene products like diapers and sanitary napkins is anticipated to swell the demand of Acrylic Acid on a global level in coming years. “Said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm promoting ChemAnalyst worldwide.

About Us

ChemAnalyst is a ‘one stop’ digital platform that offers comprehensive market intelligence data and in-depth analysis of the Indian chemical and petrochemical industry. ChemAnalyst’s team of 100+ analysts are engaged in tracking chemical prices daily, production capacity, demand and supply outlook, manufacturing plant locations, foreign trade data and news/deals for more than 400 major chemicals produced in India. ChemAnalyst is promoted by TechSci Research which is an award-winning research-based management consulting firm providing market research and advisory solutions to the customers worldwide, spanning a range of industries including Chemicals & Material, Automotive, Consumer & Retail, ICT, Energy & Power, Aerospace & Defense, Water and Waste Management, BFSI and more.

For more information, please visit us at www.chemanalyst.com

Contact Us:

ChemAnalyst

GmbH - S-01, 2.floor, Subbelrather Straße

15a Cologne, 50823, Germany

Tel: +49-221-6505-8833