DUBLIN--(BUSINESS WIRE)--The "The
Global Acrylic Acid Market" report has been added to ResearchAndMarkets.com's
According to a recently conducted research about the global acrylic acid
market, as an overall, it is projected to reach approximately 7,162
thousand tons by the end of 2023, increasing at a CAGR of around 3% per
year in the period 2017-2023.
The report focuses on both product and regional breakdown, offering a
larger perspective on the market dynamics. Although acrylic acid is
predominantly used as a raw material for acrylic esters the analysis
considers the application of acrylic acid across various industries.
In particular, the largest share of acrylic acid consumption is for the
production of acrylic acid esters, which accounted for around 48% of the
total in volume terms. Meanwhile, the chemical's application for
adhesives has been growing with the highest rate of about 10.21% per
Regionally, the largest global acrylic acid market was North East Asia,
which accounted for about 50% of the total in volume terms. In
comparison, the CIS countries were the smallest global acrylic acid
market during the analyzed period and are expected to remain such in the
Acrylic acid is highly dependent on the development of end-use markets
such as paints, varnishes, and surface coatings, textiles, adhesives,
and plastics, and others. The commodity acrylates are majorly used in
the paints and coatings industry in waterborne coatings. Currently, as
the governments are restricting the use of VOCs, solvent-based coatings
are being replaced by water borne coatings. This has been driving the
demand of the chemicals in the industry.
A trend in the industry is the rising demand for super-absorbent
polymers. Accounting for about 33% of the global acrylic acid supply in
2016, they have experienced very strong growth primarily in the personal
disposable hygiene products such as baby diapers, adult protective
underwear, and sanitary napkins.
In terms of demand, any potential growth in the market was expected in
line with GDP moves of a few percentage points since demand for these
products, and from the construction industry, is closely linked with GDP.
Moreover, the demand for coatings is cyclical. It starts declining in
the fourth quarter of the year and would continue its decline until it
flattens in January and then picks up again in February in advance of
the spring coatings season in the region.
Some of the main players on the acrylic acid market are planning to open
up additional production capacities in different regions, which may
result in a modest CAGR of about 1.12% per year. As far as the balance
between supply and demand is concerned, the market is forecast to remain
in a state of undersupply in most of the upcoming years.
Key Topics Covered
2. Executive Summary
3. Characteristics of Acrylic Acid
4. State of the Global Demographics and Economy
5. Overview and Analysis of the Global Acrylic Acid Market
6. Overview and Analysis of the Global Production of Acrylic Acid
7. Characteristics and Analysis of the Global Prices of Acrylic Acid
8. Overview and Analysis of the Global Imports of Acrylic Acid
9. Overview and Analysis of the Global Exports of Acrylic Acid
10. Balance Between Supply and Demand on the Global Acrylic Acid Market
Saudi Acrylic Monomer
China Nat. Offshore Oil Co
Formosa Plastics Corp.
Fujian Binhai Chemical
Jiangsu Jurong Chemical
Petrochina Lanzhou Pc
Shenyang Paraffin Chem.
Taixing Sunke Chemicals
Zhejiang Satell. Pc
Bharat Petroleum Corp.
Indian Oil Corp.
Nippon Shokubai Indonesia
BASF Petronas Chem.
For more information about this report visit https://www.researchandmarkets.com/research/jvhvvt/the_2018_global?w=4