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.
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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.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.
1) The global acrylic acid market is expected to reach USD 18,315.3 million by 2022
2) Regionally, North- America has the largest market of USD 4,947.7 million by 2022
3) China accounted for the largest market share of 58.00% in 2014, with a market value of USD 2,635.5 Million and is projected to grow at the highest CAGR of 5.53% during the forecast period. India was the second-largest market in 2014, valued at USD 681.6 Million in 2014; it is projected to grow at a CAGR of 5.24%.
4) Diaper market accounted for the largest market share registering CAGR of 5.85% during the forecasted period
5) On basis of type segment, superabsorbent polymers holds the market share of 19% in 2015
Key Players for Global Acrylic Acid Market:
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
1) Manufacturers and distributors of acrylic acid.
2) Suppliers and traders of acrylic acid.
3) Government, associations and industrial bodies.
4) Investors and Trade experts.
5) Consulting in chemical experts.
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Release ID: 212604