Acrylic Acid Market Forecast to Grow at 5.2% CAGR to 2020

Mar 28, 2016, 08:30 ET from ReportsnReports

PUNE, India, March 28, 2016 /PRNewswire/ --

Worldwide acrylic acid market size is growing with rising demand in Asia-Pacific and driven by diapers and surface coatings along with other end-use industries according to this new research report published in 2016.

Complete report on global acrylic acid market spread across 179 pages, profiling 10 companies and supported with 169 tables and 61 figures is now available at .

The drivers of the industry are identified as rising demand for acrylic acid derivatives in the emerging markets, and high demand from end-use industries, of acrylic acid.   Increasing demands from end-use applications and newer applications due to extensive R&D are the major driving force for strategic expansions. The acrylic acid market is expected to witness a steady growth over the forecast period as economies around world accelerate. The market for acrylates and SAP is rapidly expanding with increasing demand from existing and emerging end-use applications.  

Growing popularity of SAP and increasing use of commodity acrylates in various applications play a significant role in driving the market. The property of SAP to absorb and retain water makes it a material of choice in baby and adult diapers. Mature markets for acrylic acid that include North America and Europe have increasing number of adult population, driving the adult diapers market in the regions. Japan also has a large number adult population for which the country remains a major consumer of SAP for the making diapers. The acrylic acid industry is seeing high growth in Asia-Pacific, with increasing consumption of acrylic derivatives in surface coatings, adhesives & sealants, and diapers. Water-borne coatings are made using acrylics as binders. The shift toward water-borne coatings from solvent-based coatings is the significantly driving the acrylic acid market in surface coatings globally.

In 2014, Asia-Pacific was the largest market for acrylic acid. The region is projected to register the highest growth rate, both in terms of value and volume, owing to high demand from emerging countries of the region. China is the largest market for acrylic acid globally with high demand.

The key companies profiled in this market research report are Arkema (France), BASF SE (Germany), Evonik Industries (Germany), Nippon Shokubai Co. Ltd. (Japan), The Dow Chemical Company (U.S.), LG Chem Ltd. (South Korea), Hexion Inc. (U.S.), Mitsubishi Chemical Holdings Corporation (Japan), PJSC Sibur Holding (Russia), and Sasol Limited (South Africa). Order a copy of Acrylic Acid Market by Derivative (Esters/Acrylates - METHYL, ETHYL, BUTYL, 2-EH; Polymers - Elastomers, Superabsorbent Polymers, Water Treatment Polymers; Other Derivatives), by Applications & Region - Global Forecast to 2020 research report .

In-depth interviews have been conducted with various key industry participants, subject matter experts, C-level executives of key market players, and industry consultants among other experts to obtain & verify critical qualitative and quantitative information as well as assess future market prospects. In Tier 1 (34%), Tier 2 (33%) and Tier 3 (33%) companies were contacted for primary interviews. The interviews were conducted with various key people such as C-level (12%), Director Level (25%) and others (63%) from various key organizations operating in the global acrylic acid market. The primary interviews were conducted worldwide covering regions such as North America (30%), Europe (27%), APAC (28.6%) and RoW - (11%)

On a related note, another research on Peracetic Acid Market Global Forecast to 2020 says, the global peracetic acid market size is estimated to reach USD 783.3 million by 2020, at a CAGR of 8.33% between 2015 and 2020. High concentration, optimum performance, safe by-products, long shelf life and slow thermal degradation properties are the prime factors driving the growth of the market. In the process of determining and verifying the market size for several segments and sub segments gathered through secondary research, extensive primary interviews were conducted for this report. Companies like Solvay AG, Ecolab, Kemira Ojy, Evonik Industries AG, Mitsubishi Gas Chemical Company, PeroxyChem Llc., Airedale Chemical, Enviro Tech Chemical Services Inc., SEITZ GmbH, Belinka Perkemija, Aditya Birla Chemicals, Christeyns and Promox S.P.A. have been profiled in this 112 pages research report available at .

Explore more reports on the chemicals market at .

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