Acrylic acids are organic compounds that have a particular acrid or tart smell. Large portion of acrylic acid compounds are used as feedstock to obtain acrylate esters.
Sarasota, FL -- (SBWIRE) -- 06/09/2017 -- Zion Market Research, the market research group announced the analysis report titled "Acrylic Acid Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024"
Global Acrylic Acid Market: Overview
Acrylic acids are organic compounds that have a particular acrid or tart smell. A Large portion of acrylic acid compounds is used as feedstock to obtain acrylate esters. A wide range of applications uses the acrylic acids such as plastic additives, sealants, surface coatings, paper treatment, textiles, and adhesives. The industries are developing and commercializing their processes for producing acrylic acid from petrochemicals. The major amount of acrylic acid disposed is evaporated into the air or disposed underground. They break down into other chemicals when evaporated, hence less threat of air pollution. When disposed in the underground strata they do not bind with the soil and enter underground.
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Global Acrylic Acid Market: Segmentation
The global acrylic acid market is segmented into its derivative, applications, and regions. On the basis of derivative, the acrylic acid is categorized into acrylic esters, acrylic polymers, and other derivatives. The acrylic esters segment is further sub-segmented into ethyl acrylate, 2-ethylhexyl acrylate, benzyl acrylate, methyl acrylate, butyl acrylate and hydroxypropyl acrylate. The acrylic polymers segment is sub-segmented into acrylic elastomers, water treatment polymers, and superabsorbent polymers. Based on the application, the acrylic acid market is segmented into adhesives and sealants, detergents, surface coatings, plastic additives, textiles, diapers and training pants, dispersants, thickeners, antiscalants, personal care products and others. On the basis of region, the acrylic acid market is diversified into Asia-Pacific, Europe, North America and Rest of the World.
Global Acrylic Acid Market: Growth Factors
The demand for super absorbent polymers in the personal care industry anticipates the growth of the acrylic acid industry. There is an increase in the consumption of surface coatings, adhesives and sealants and surfactants, hence driving the market growth. There is a high demand for the derivatives of the acrylic acid owing to their characteristics such as hardness, glass transition temperatures, durability, and tackiness, which contributes to the market growth. The acrylates are widely used in detergents, flocculants, thickeners and dispersants. The acrylate esters were the largest derivative that was consumed globally. They provide several desirable properties to the polymers such as color stability, resistance to heat, clarity and weather-ability, thus being used widely in the coating and adhesives industry. The personal care products such as adult incontinence and diapers are majorly using the super absorbent polymers. Hence, there is an increase in demand for the super absorbent polymers, which is positively contributing to the market growth. The acrylic acid-based products are used in the textile industry where they are used as fillers in the padded jackets.
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Global Acrylic Acid Market: Regional Analysis
Asia Pacific dominated the acrylic acid market where countries such as India and China accounted for 70% of the regional demand. It is mainly due to huge consumption of derivatives in coatings, adhesives, surfactants and personal care products. The increasing population of aged people in Canada and the U.S. is, in turn, increasing the demand for adult incontinence, thus leading to increase in SAP consumption. The Mexican acrylic acid market is fully fledged owing to the demand from the various end-use industries.
Global Acrylic Acid Market: Competitive Players
Some of the major industries operating in the acrylic acid market include BASF SE, Nippon Shokubai Co. Ltd., LG Chem Ltd., Mitsubishi Chemical Holdings Corporation, Sasol Limited, Arkema, Evonik Industries, The Dow Chemical Company, Hexion Inc., and PJSC Sibur Holding.
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Global Acrylic Acid Market: Regional Segment Analysis
North America(U.S.); Europe(UK, France, Germany); Asia-Pacific(China, Japan, India); Latin America(Brazil); The Middle East and Africa