Global Acrylic Acid And Its Derivatives Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Type;

Acrylic Acid, and Acrylic Acid Derivatives.

By Application;

Superabsorbent, Paints & Coating, Adhesives, Textiles, and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn623662662 Published Date: January, 2025 Updated Date: February, 2025

Introduction

Global Acrylic Acid And Its Derivatives Market (USD Million), 2021 - 2031

In the year 2024, the Global Acrylic Acid And Its Derivatives Market was valued at USD 12,702.49 million. The size of this market is expected to increase to USD 15,622.46 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 3.0%.

The global acrylic acid and its derivatives market is a significant sector within the chemical industry, primarily driven by the diverse applications of acrylic acid and its derivatives in various end-use industries. Acrylic acid, a key raw material, is used in the production of superabsorbent polymers, which are critical for the hygiene and medical industries. Its derivatives, such as esters and salts, find applications in adhesives, paints, coatings, textiles, and water treatment, highlighting the material’s versatility.

One of the primary drivers of market growth is the increasing demand for acrylic acid in the production of superabsorbent polymers, which are widely used in diapers, adult incontinence products, and feminine hygiene products. The rise in the global population and increasing awareness about personal hygiene contribute to the growing demand for these products. Additionally, the construction industry’s expansion fuels the need for acrylic-based coatings and adhesives, further supporting market growth.

The market is also influenced by technological advancements in the production processes of acrylic acid and its derivatives. Innovations such as more efficient and environmentally friendly production methods help to reduce costs and enhance product quality. Moreover, the development of new applications for acrylic acid derivatives in emerging industries like renewable energy and electronics is expected to create new growth opportunities.

The market faces challenges related to fluctuating raw material prices and environmental regulations. Acrylic acid production relies heavily on propylene, and any volatility in propylene prices can impact the overall market dynamics. Additionally, stringent environmental regulations concerning the production and disposal of chemical substances necessitate the adoption of sustainable practices by manufacturers. Addressing these challenges while leveraging opportunities in emerging applications will be crucial for the market’s future growth and sustainability.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Application
    3. Market Snapshot, By Region
  4. Global Acrylic Acid And Its Derivatives Market
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Growing Demand in Adhesives
        2. Expansion in Paints & Coatings
        3. Increasing Usage in Textiles
      2. Restraints
        1. Volatility in Raw Material Prices
        2. Stringent Environmental Regulations
        3. High Production Costs
      3. Opportunities
        1. Innovations in Bio-based Acrylic Acid
        2. Emerging Markets Expansion
        3. Development of Advanced Applications
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Acrylic Acid And Its Derivatives Market, By Type, 2021 - 2031 (USD Million)
      1. Acrylic Acid
      2. Acrylic Acid Derivatives
    2. Global Acrylic Acid And Its Derivatives Market, By Application, 2021 - 2031 (USD Million)
      1. Superabsorbent
      2. Paints & Coating
      3. Adhesives
      4. Textiles
      5. Others
    3. Global Acrylic Acid And Its Derivatives Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. BASF
      2. DowDuPont
      3. Nippon Shokubai
      4. Akema
  7. Analyst Views
  8. Future Outlook of the Market