DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "World Acrylic Acid Market - Opportunities and Forecasts, 2015 - 2022" report to their offering.
Soaring demand for superabsorbent polymers and widespread adoption of acrylic-based products in emerging economies, such as Asia-Pacific, are the factors that drive the acrylic acid market. Stringent government regulations are imposed on the use of acrylic acid because of environmental concerns in regions such as North America and Europe, which acts as a major restraint for the growth of this market.
Commercialization of bio-based acrylic acid and saturated demand for poly (methyl methacrylate) or PMMA resins in various industries is likely to present varied opportunities for the growth of this market. Hence, the producers of acrylic acid focus on R&D to find bio-based sources for the production of acrylic acid.
The acrylic acid market by derivative type is segmented into acrylic esters, acrylic polymers, and other derivatives. Acrylic polymers were the major type in 2015, and may continue to lead the market till 2022. These are widely used for coatings, binders, gun turrets, bomber noses, aircraft canopies, and in cosmetic industry among others. Acrylic polymers are popular for their stability, superior technology, and chemical purity because of which they are used in applications where there is a need for resistance to aging & weathering, transparency, and color stability.
In 2015, Asia-Pacific was the largest revenue-generating region, and it is likely to dominate the revenue streams up to 2022. LAMEA is the fastest growing region, growing at a CAGR of 7.4% during the forecast period. The region has a lucrative market for the production of crude acrylic acid owing to the presence of the worlds largest petrochemicals plays.
- Arkema S.A.
- BASF SE
- Evonik Industries AG
- LG Chem Ltd.
- Momentive Specialty Chemicals Inc. (Now Hexion Inc.)
- Myriant Corporation
- Sunvic Chemical Holdings Limited
- The Dow Chemical Company
The Lubrizol Corporation
Key Topics Covered:
Chapter: 1 Introduction
Chapter: 2 Executive Summary
Chapter: 3 Market Overview
Chapter: 4 World Acrylic Acid Market By Derivative Types
Chapter 5 World Acrylic Acid Market By End Users Segment
Chapter 6 World Acrylic acid Market, By Geography
Chapter 7 Company Profiles
For more information visit http://www.researchandmarkets.com/research/38pw74/world_acrylic