Acrylic Acid Market
By Derivative;
Methyl Acrylate, Butyl Acrylate, Ethyl Acrylate, 2-Ethylhexyl Acrylate, Glacial Acrylic Acid and Superabsorbent PolymerBy Application;
Paints & Coatings, Adhesives & Sealants, Sanitary Products, Surfactants, Textiles and OthersBy Purity Grade;
Technical Grade, Glacial Grade and Ultra-High Purity (Electronics)By End-User;
Personal Care & Hygiene, Building & Construction, Automotive & Transportation, Electrical & Electronics, Packaging and Agriculture & HorticultureBy Geography;
North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031)Acrylic Acid Market Overview
Acrylic Acid Market (USD Million)
Acrylic Acid Market was valued at USD 20,384.86 million In the year 2024. The size of this market is expected to increase to USD 29,653.43 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 5.5%.
Acrylic Acid Market
*Market size in USD million
CAGR 5.5 %
| Study Period | 2025 - 2031 |
|---|---|
| Base Year | 2024 |
| CAGR (%) | 5.5 % |
| Market Size (2024) | USD 20,384.86 Million |
| Market Size (2031) | USD 29,653.43 Million |
| Market Concentration | Medium |
| Report Pages | 300 |
Major Players
- BASF SE
- Arkema SA
- Nippon Shokubai Co. Ltd.
- Evonik Industries
- The DOW Chemical Company
- LG Chem Ltd.
- Mitsubishi Chemical Holdings Corp.
- PJSC Sibur Holding
- Sasol Ltd.
- Hexion Inc.
Market Concentration
Consolidated - Market dominated by 1 - 5 major players
Acrylic Acid Market
Fragmented - Highly competitive market without dominant players
Acrylic Acid Market is experiencing significant momentum, driven by increasing demand from adhesives, textiles, and personal care industries. Production efficiency improvements and technological advancements in manufacturing processes are boosting overall market dynamics. Over the past few years, the industry has shown growth exceeding 5%, showcasing strong industrial applicability and rising consumption trends across sectors.
Key Growth Drivers
Acrylic acid’s role in superabsorbent polymers and surface coatings remains central to its expansion. The surge in hygiene-related products such as diapers and adult incontinence items has contributed to a demand increase of over 6%. Additionally, developments in water treatment and detergent formulations are reinforcing its industrial relevance, supporting continued market acceleration.
Innovation and Sustainability Trends
With rising environmental concerns, bio-based acrylic acid is gaining attention. Manufacturers are investing in renewable feedstocks and green chemistry, contributing to a sustainable transformation. This shift has triggered a transition rate surpassing 4% toward bio-derived alternatives, especially in regions with stricter ecological regulations and end-user sustainability goals..
Future Outlook
Emerging trends in smart coatings and responsive polymers are opening new opportunities. With anticipated growth in demand projected at over 5%, the industry remains optimistic, supported by product diversification and continuous R&D investment.
Acrylic Acid Market Recent Developments
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In January 2025, Arkema S.A. entered into a strategic collaboration with a biotechnology firm to develop a commercially viable **bio-based route** to acrylic acid, responding to growing regulatory focus on sustainable feedstocks and carbon-footprint reduction.
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In May 2023, Nippon Shokubai Co., Ltd. commissioned a new acrylic acid production facility in Cilegon, Indonesia, with a capacity of approximately 100,000 tonnes per year, aimed at strengthening regional supply and capturing downstream demand for superabsorbent polymers and coatings. :contentReference[oaicite:2]{index=2}
Acrylate Market Segment Analysis
In this report, the Acrylate Market has been segmented by Application, Type, End Use Industry, Form and Geography. This structure highlights how downstream consumption patterns, industrial modernization and raw-material dynamics influence percentage contributions across each segment. Rising demand for durable polymers, expansion of construction and automotive output, and stronger adoption of emulsion technologies significantly impact segment-level percentage shifts.
Acrylate Market, Segmentation by Application
The Application segmentation includes adhesives, coatings, sealants, textiles and plastics. Coatings and adhesives command a dominant percentage of global acrylate usage due to their central role in industrial, architectural and automotive applications. Sealants and textiles contribute meaningful percentages, while plastics represent a smaller but steadily growing percentage linked to lightweighting and surface-enhancement trends.
AdhesivesAdhesives account for a significant percentage of acrylate demand as they enable strong bonding in construction, automotive and packaging. A high percentage of pressure-sensitive adhesives rely on acrylates for flexibility and durability. As industries shift toward lighter, multi-material assemblies, adhesive formulations using acrylates continue to hold a strong percentage share.
CoatingsCoatings represent one of the largest application segments, consuming a very high percentage of acrylates across architectural, industrial and automotive formulas. Acrylic resins contribute to weatherability, gloss and UV resistance, making up a substantial percentage of water-based coatings. Regulatory pressure toward low-VOC systems increases the percentage adoption of acrylate emulsions.
SealantsSealants contribute a meaningful percentage of demand, especially for construction, transportation and electronic assemblies. Acrylates supply flexibility and longevity, representing a high percentage of performance-based sealing systems. Growth in infrastructure and renovation projects continues to reinforce this segment’s percentage contribution.
TextilesTextile applications account for a moderate percentage of acrylate usage through binders, finishes and coatings. Acrylic polymers enhance softness, colorfastness and abrasion resistance, covering a substantial percentage of technical and apparel-related finishes. As functional clothing grows, the segment’s percentage share shows steady improvement.
PlasticsPlastics represent a smaller but important percentage of acrylate demand, used in impact modifiers, additives and specialty polymer blends. These materials contribute a noticeable percentage of improvements to clarity, toughness and weather resistance. As consumer products shift toward higher-performance plastics, this portion of the market gains incremental percentage traction.
Acrylate Market, Segmentation by Type
The Type segmentation spans ethyl acrylate, butyl acrylate, methyl acrylate, acrylic acid and propyl acrylate. Butyl acrylate and acrylic acid together account for a very high percentage of global consumption due to their widespread use in coatings, adhesives, emulsions and polymers. Other acrylates contribute smaller but essential percentages within specialized chemical and materials applications.
Ethyl AcrylateEthyl acrylate holds a moderate percentage share, widely used in adhesives, coatings and plastics. It represents a meaningful percentage of water-based emulsion polymer formulations. Its compatibility with multiple monomers ensures stable percentage demand in diversified industrial uses.
Butyl AcrylateButyl acrylate contributes one of the highest percentage shares in the acrylate market, driven by strong demand in paints, adhesives and sealants. It is a key building block for acrylic emulsions, covering a large percentage of performance coatings. Market expansion in construction and automotive enhances its percentage leadership.
Methyl AcrylateMethyl acrylate accounts for a smaller but consistent percentage of total demand, used in adhesives, fibers and specialty polymers. Its role in chemical synthesis supports a notable percentage of downstream specialty intermediates. Growth in technical textiles and specialty adhesives sustains its percentage relevance.
Acrylic AcidAcrylic acid represents a very high percentage of acrylate consumption as it forms the backbone of superabsorbent polymers and emulsions. Hygiene products alone account for a large percentage of global acrylic acid demand. As water-based systems grow, acrylic acid’s percentage share remains strong across multiple applications.
Propyl AcrylatePropyl acrylate maintains a smaller percentage share, supporting specialty coatings and adhesive formulations. Its flexibility and UV resistance contribute to a meaningful percentage of industrial and architectural coating blends. Niche adoption ensures steady, if moderate, percentage contribution.
Acrylate Market, Segmentation by End Use Industry
The End Use Industry segmentation includes construction, automotive, consumer goods, electronics and medical. Construction and automotive collectively account for a dominant percentage of acrylate demand due to heavy reliance on coatings, adhesives and sealants. Consumer goods and electronics represent meaningful percentages, while medical applications contribute smaller but high-value percentages.
ConstructionConstruction commands a very large percentage of acrylate consumption through coatings, sealants and adhesives. Infrastructure growth in developing economies contributes significantly to the segment’s percentage expansion. The shift toward low-VOC and durable coating systems further increases acrylates’ percentage presence.
AutomotiveThe automotive industry holds a high percentage share due to extensive coating, bonding and sealing requirements. Acrylic systems contribute a large percentage of surface finishing and structural bonding solutions. Trends in lightweighting and EV development raise the percentage adoption of advanced acrylate formulations.
Consumer GoodsConsumer goods account for a notable percentage of demand across packaging, household items and plastic components. Acrylates enhance product durability and aesthetics, covering a significant percentage of value-added consumer applications. Rising quality expectations strengthen this segment’s percentage role.
ElectronicsElectronics consume a moderate percentage of acrylates in coatings, adhesives and encapsulants. Their use in protective layers accounts for a notable percentage of component-level finishing. As miniaturization and precision manufacturing grow, this segment’s percentage share is expected to rise.
MedicalMedical applications represent a smaller but specialized percentage share, using acrylates in adhesives, hydrogels and device components. Their biocompatibility ensures a meaningful percentage presence in advanced medical consumables. Emerging wound-care and biomedical technologies are expected to increase this segment’s percentage contribution.
Acrylate Market, Segmentation by Form
The Form segmentation includes liquid, solid and emulsion formats. Emulsions account for a high percentage of demand due to regulatory shifts toward water-based systems, while liquids and solids maintain stable percentages across industrial formulations. Environmental pressures and performance requirements strongly influence the percentage distribution among these forms.
LiquidLiquid acrylates represent a meaningful percentage of material usage in adhesives, coatings and plastics. Their ease of formulation ensures a stable percentage share across multiple industrial sectors. In high-performance chemicals, liquid forms command a notable percentage of specialized applications.
SolidSolid acrylates contribute a moderate percentage of total demand, particularly in specialty polymers and thermoplastic applications. They represent a significant percentage of controlled-release and high-durability materials. As engineered polymers expand, solid acrylates may gain additional percentage share.
EmulsionEmulsions contribute the highest percentage within this segment due to the shift toward water-based systems, especially in coatings and adhesives. Environmental regulations account for a substantial percentage of the transition from solvent-based to emulsion-based acrylates. Their rapid adoption rate continues to lift their percentage dominance.
Acrylate Market, Segmentation by Geography
The Geography segmentation includes North America, Europe, Asia Pacific, Middle East & Africa and Latin America. Asia Pacific leads with a very high percentage of global consumption, driven by construction, automotive and consumer-goods growth. North America and Europe maintain significant percentages through advanced manufacturing, while Middle East & Africa and Latin America contribute smaller but steadily increasing percentage shares.
Regions and Countries Analyzed in this Report
North America holds a significant percentage share, driven by advanced adhesives, coatings and specialty chemical industries. A high percentage of demand originates from construction, automotive refinishing and packaging. Sustainability trends and regulatory frameworks continue to boost the region’s percentage adoption of water-based and high-performance acrylates.
EuropeEurope contributes a strong percentage, supported by strict environmental regulations and extensive use of acrylic technologies in automotive, construction and electronics sectors. Large coating and adhesive manufacturers account for a high percentage of regional consumption. Circular-economy policies may further shift percentage demand toward eco-efficient acrylates.
Asia PacificAsia Pacific dominates with the highest percentage share globally, driven by large-scale manufacturing in China, India, Japan and Southeast Asia. Construction, textiles and electronics contribute a very high percentage of regional demand. Rapid urbanization and industrial expansion ensure continued percentage growth for acrylates.
Middle East & AfricaMiddle East & Africa contribute a modest percentage, led by construction, packaging and emerging manufacturing bases. Infrastructure megaprojects account for a noticeable percentage of acrylate consumption. Expansion of local chemical industries is likely to raise this region’s percentage share over time.
Latin AmericaLatin America holds a smaller but steadily expanding percentage, driven by automotive, packaging and construction applications. Economic development and rising consumer-goods production support an increasing percentage of acrylate use. Local production capabilities are expected to raise the region’s percentage share in coming years.
Acrylic Acid Market Forces
This report provides an in depth analysis of various factors that impact the dynamics of Acrylic Acid Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Comprehensive Market Impact Matrix
This matrix outlines how core market forces Drivers, Restraints and Opportunities affect key business dimensions including Growth, Competition, Customer Behavior, Regulation and Innovation.
| Market Forces ↓ / Impact Areas → | Market Growth Rate | Competitive Landscape | Customer Behavior | Regulatory Influence | Innovation Potential |
|---|---|---|---|---|---|
| Drivers | High impact (e.g., tech adoption, rising demand) | Encourages new entrants and fosters expansion | Increases usage and enhances demand elasticity | Often aligns with progressive policy trends | Fuels R&D initiatives and product development |
| Restraints | Slows growth (e.g., high costs, supply chain issues) | Raises entry barriers and may drive market consolidation | Deters consumption due to friction or low awareness | Introduces compliance hurdles and regulatory risks | Limits innovation appetite and risk tolerance |
| Opportunities | Unlocks new segments or untapped geographies | Creates white space for innovation and M&A | Opens new use cases and shifts consumer preferences | Policy shifts may offer strategic advantages | Sparks disruptive innovation and strategic alliances |
Drivers, Restraints and Opportunity Analysis
Drivers:
- Increasing Demand from Acrylic Esters Production
- Growth in Construction and Infrastructure Projects
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Rising Adoption in Water Treatment Applications - Significantly propelling market growth. Acrylate polymers are extensively used as coagulants, flocculants, and dispersants in municipal and industrial water purification processes. Their ability to enhance the removal of suspended solids, organic contaminants, and metal ions makes them indispensable in ensuring clean and safe water supplies.
Governments and private players are increasing investments in wastewater management infrastructure to combat water scarcity and ensure sustainable development. This has led to a surge in demand for high-performance polymers such as acrylates, which improve treatment efficiency while reducing chemical consumption. The increasing implementation of stringent water quality regulations worldwide is further reinforcing the need for advanced materials like acrylates.
The push for eco-friendly and biodegradable treatment agents is also supporting acrylate adoption. These polymers are being engineered to have a lower environmental footprint while maintaining high performance. In addition, acrylates exhibit excellent stability under diverse pH conditions, making them ideal for use in various geographic and industrial settings. Their compatibility with existing treatment systems adds to their practicality and ease of use.
Rising awareness about water conservation and pollution control among industries is increasing the uptake of acrylate-based chemicals. From power generation plants to chemical manufacturing units, industries are seeking reliable solutions to comply with environmental standards. As the need for sustainable water use escalates, acrylates are positioned as a critical component in the global water treatment ecosystem.
Restraints:
- Volatility in Feedstock Prices
- Environmental and Regulatory Constraints
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Competition from Alternative Chemicals - One of the major challenges in the acrylate market is the intense competition from alternative chemicals. Substitutes such as methacrylates, polyesters, epoxies, and urethane-based compounds offer similar or superior properties in certain applications. These materials are often chosen based on cost advantages, specific performance requirements, or environmental concerns, leading to reduced dependency on acrylates in multiple end-use industries.
For example, in coatings and adhesives, alternative polymers are being preferred due to their better weather resistance, higher UV stability, or reduced toxicity. Manufacturers are increasingly turning to these options to address the growing demand for green and sustainable materials. This shift in preference puts pressure on acrylate producers to constantly innovate or face declining market share.
The availability of low-cost substitutes from emerging economies, particularly in Asia-Pacific, has further intensified the pricing competition. Many local players offer bulk alternatives at competitive rates, forcing global acrylate producers to either reduce their margins or lose customers. The rapid development of technologically advanced replacement materials has also made it easier for companies to transition away from acrylates.
Growing concerns over acrylate-related emissions and occupational health risks have led industries to explore safer alternatives. This is particularly evident in regulated markets like Europe and North America, where stringent safety standards are in place. As customers prioritize eco-label compliance and sustainable sourcing, the competitive landscape becomes even more challenging for acrylates.
Opportunities:
- Expansion of Acrylic Acid Derivatives Market
- Growth in Personal Care and Cosmetics Industry
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Increasing Demand for Water-based Paints and Coatings - The shift toward water-based paints and coatings is creating lucrative opportunities for the acrylate market. Acrylates are vital components in these formulations due to their superior film-forming abilities, durability, and excellent adhesion to a wide range of surfaces. With growing environmental concerns, consumers and manufacturers alike are moving away from solvent-based products, favoring water-based alternatives that are low in VOCs (volatile organic compounds).
Governments worldwide are promoting the use of environmentally friendly coatings through regulatory mandates and incentive schemes. This has led to a surge in the adoption of acrylate-based waterborne coatings across automotive, construction, and industrial segments. These coatings offer improved weather resistance, color retention, and surface protection without contributing to air pollution.
The rise in infrastructure development and urbanization across emerging economies is further driving demand for water-based decorative paints. Acrylates are increasingly being used to enhance the aesthetic appeal and durability of surfaces exposed to harsh environments. The trend toward do-it-yourself (DIY) painting projects is also boosting the sale of acrylate-based products due to their ease of application and low odor characteristics.
In the industrial coatings segment, manufacturers are focusing on developing hybrid acrylate systems that offer both performance and sustainability. These innovations address growing demand for protective coatings in sectors such as marine, metal, and automotive refinish. As more companies adopt sustainable practices in product development, acrylates are expected to capture a larger share of the coatings industry.
Acrylic Acid Market Competitive Landscape Analysis
Acrylic Acid Market is evolving rapidly, with a growing emphasis on strategic mergers, partnerships, and collaborations. Companies are focusing on innovation and technological advancements to improve production processes and meet rising demand. The market's structure is highly influenced by key players, each contributing to the market's growth and development through strong brand presence and market strategies.
Market Structure and Concentration
Acrylic Acid Market exhibits a competitive structure with a few dominant players leading the market. Market concentration is characterized by strategic mergers, acquisitions, and collaborations that help businesses expand their market share. Companies are keen on expanding their production capabilities to cater to the growing demand in diverse industries.
Brand and Channel Strategies
Brand strategies in the Acrylic Acid Market emphasize strong distribution partnerships and customer-centric approaches. Companies leverage channel strategies to penetrate new regional markets. Fostering relationships with key stakeholders, enhancing brand recognition, and improving growth prospects are critical components of these strategies.
Innovation Drivers and Technological Advancements
Innovation is a key driver in the Acrylic Acid Market, where companies are investing in technological advancements to improve production efficiency and product quality. Research and development efforts focus on introducing eco-friendly processes, enhancing the growth of the industry, and responding to regulatory demands and sustainability goals.
Regional Momentum and Expansion
The regional momentum in the Acrylic Acid Market shows significant expansion across emerging economies. Businesses are focusing on expanding their regional footprint through partnerships and local production. This expansion is fueled by increasing demand from industries such as adhesives, paints, and coatings.
Future Outlook
The future outlook for the Acrylic Acid Market is optimistic, with continued growth driven by technological advancements and strategic expansion. As demand increases, companies will look to enhance their production capacity, leverage new market strategies, and foster collaborations to maintain competitive advantages.
Key players in Acrylic Acid Market include:
- BASF SE
- Arkema
- Nippon Shokubai Co., Ltd.
- LG Chem
- The Dow Chemical Company
- Evonik Industries AG
- Formosa Plastics Corporation
- Sasol Limited
- Merck KGaA
- Mitsubishi Chemical Holdings Corporation
- Vigon International, LLC
- SMC
- Cargill, Incorporated
- Shanghai Huayi Acrylic Acid Co., Ltd.
- Sinopec
In this report, the profile of each market player provides following information:
- Market Share Analysis
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Derivative
- Market Snapshot, By Application
- Market Snapshot, By Purity Grade
- Market Snapshot, By End User
- Market Snapshot, By Region
- Acrylic Acid Market Forces
- Drivers, Restraints and Opportunities
- Drivers:
- Increasing Demand from Acrylic Esters Production
- Growth in Construction and Infrastructure Projects
- Rising Adoption in Water Treatment Applications
- Restraints:
- Volatility in Feedstock Prices
- Environmental and Regulatory Constraints
- Competition from Alternative Chemicals
- Opportunities:
- Expansion of Acrylic Acid Derivatives Market
- Growth in Personal Care and Cosmetics Industry
- Increasing Demand for Water-based Paints and Coatings
- Drivers:
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Acrylic Acid Market, By Derivative, 2021 - 2031 (USD Million)
- Methyl Acrylate
- Butyl Acrylate
- Ethyl Acrylate
- 2-Ethylhexyl Acrylate
- Glacial Acrylic Acid
- Superabsorbent Polymer
- Acrylic Acid Market, By Application, 2021 - 2031 (USD Million)
- Paints & Coatings
- Adhesives & Sealants
- Sanitary Products
- Surfactants
- Textiles
- Others
- Acrylic Acid Market, By Purity Grade, 2021 - 2031 (USD Million)
- Technical Grade
- Glacial Grade
- Ultra-High Purity (Electronics)
- Acrylic Acid Market, By End-User, 2021 - 2031 (USD Million)
- Personal Care & Hygiene
- Building & Construction
- Automotive & Transportation
- Electrical & Electronics
- Packaging
- Agriculture & Horticulture
- Acrylic Acid Market, By Geography, 2021 - 2031 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Acrylic Acid Market, By Derivative, 2021 - 2031 (USD Million)
- Competitive Landscape
- Company Profiles
- BASF SE
- Arkema
- Nippon Shokubai Co., Ltd.
- LG Chem
- The Dow Chemical Company
- Evonik Industries AG
- Formosa Plastics Corporation
- Sasol Limited
- Merck KGaA
- Mitsubishi Chemical Holdings Corporation
- Vigon International, LLC
- SMC
- Cargill, Incorporated
- Shanghai Huayi Acrylic Acid Co., Ltd.
- Sinopec
- Company Profiles
- Analyst Views
- Future Outlook of the Market

