Global acrylic acid market expected to reach $15.21 billion by 2033, driven by growing demand

From GlobeNewswire: 2024-07-12 10:00:00

The Global Acrylic Acid Market is expected to grow from USD 11.1 billion in 2023 to USD 15.21 billion by 2033, with a 3.20% CAGR. Acrylic acid is a key compound used in various industries, including textiles, adhesives, and medical equipment. Rising demand for acrylic-based products and bio-based acrylic acid are driving market growth.

The acrylic esters segment is predicted to dominate the market, with applications in paints, adhesives, and textiles. Surface coating is expected to be the leading application segment due to properties like durability and weather resistance. Asia Pacific is projected to have the largest market share, driven by industrialization and infrastructure development in countries like China and India.

North America is forecasted to have the highest CAGR growth in the acrylic acid market, with prominent players like Dow Chemicals and Arkema in the region. Competitive analysis highlights key companies like BASF SE and Evonik Industries AG. Recent developments include BASF’s expansion in China to meet growing demand for acrylic acid derivatives.

The report offers in-depth analysis of key companies, product offerings, market share, and SWOT analysis. Major players include BASF SE, Arkema, and Dow Chemical Company. Market segmentation includes derivative types like acrylic esters, acrylic polymers, and others, as well as applications like surface coating, adhesives, and sealants. Regional analysis covers North America, Europe, Asia Pacific, Latin America, Middle East, and Africa.



Read more at GlobeNewswire: Global Acrylic Acid Market Size To worth USD 15.21 Billion