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).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.
Global Acrylic Acid And Its Derivatives Market Recent Developments & Report Snapshot
Recent Developments:
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In October 2023, Lummus Technology, in collaboration with its partner, introduced a new technology for the production of acrylic acid, which is expected to improve yield and reduce operational costs. This development aligns with the industry's focus on enhancing efficiency and sustainability in the acrylic acid production process
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In 2023, major players like BASF, Nippon Shokubai, and Dow Chemical have been increasingly focusing on expanding their production capacities and enhancing their product portfolios. This trend is driven by rising demand for acrylic acid derivatives, especially in the superabsorbent polymers (SAP) sector, which is projected to experience significant growth
Parameters | Description |
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Market | Global Acrylic Acid And Its Derivatives Market |
Study Period | 2021 - 2031 |
Base Year (for Acrylic Acid And Its Derivatives Market Size Estimates) | 2024 |
Drivers |
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Restraints |
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Opportunities |
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Segment Analysis
Acrylic acid and its derivatives find applications across diverse industries, including adhesives, paints and coatings, textiles, and personal care. The largest segment is the adhesives industry, driven by the rising demand for high-performance adhesives in construction, automotive, and packaging sectors. The paints and coatings segment also represents a significant portion of the market, with increasing applications in residential and commercial infrastructure driving growth. Other notable applications include textiles, where acrylic derivatives are used for their durability and flexibility, and personal care products, where they are utilized in various formulations for enhanced performance.
The market is further divided based on product types, including superabsorbent polymers (SAP), acrylic esters, and acrylamide. SAPs are used primarily in the hygiene products industry, such as diapers and adult incontinence products, due to their high absorption capacity. Acrylic esters, which include butyl acrylate and ethyl acrylate, are crucial for the production of coatings and adhesives. Acrylamide, another derivative, finds application in water treatment and paper manufacturing, reflecting its importance in industrial processes.
Geographically, the market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Asia-Pacific dominates the global market, owing to rapid industrialization, growing population, and increased demand for consumer products. Countries like China and India are key contributors to the growth in this region. North America and Europe also hold substantial market shares, driven by technological advancements and the high consumption of acrylic-based products in automotive and construction industries.
The end-use industry segmentation includes construction, automotive, healthcare, and consumer goods. The construction industry is a major end-user of acrylic acid derivatives due to their use in adhesives, sealants, and coatings. The automotive sector utilizes these derivatives in manufacturing various components and interiors. Healthcare applications include the use of acrylic polymers in medical devices and pharmaceuticals. Consumer goods, particularly in personal care and household products, also represent a significant segment, highlighting the broad utility of acrylic acid derivatives across different market sectors.
Global Acrylic Acid And Its Derivatives Segment Analysis
In this report, the Global Acrylic Acid And Its Derivatives Market has been segmented by Type, Application and Geography.
Global Acrylic Acid And Its Derivatives Market, Segmentation by Type
The Global Acrylic Acid And Its Derivatives Market has been segmented by Type into Acrylic Acid and Acrylic Acid Derivatives.
The global acrylic acid and its derivatives market is segmented based on various types, reflecting the diverse applications and functionalities of these chemicals. Acrylic acid, a key component in this market, is predominantly used in the production of superabsorbent polymers, which find applications in personal care products like diapers. It is also utilized in coatings, adhesives, and paints due to its high reactivity and ability to form strong bonds with various surfaces.
Another significant segment within this market is the acrylic esters category, which includes butyl acrylate, ethyl acrylate, and methyl acrylate. These esters are essential in the production of coatings, adhesives, and textiles, providing desired properties such as flexibility, durability, and resistance to weathering. They are widely used in automotive and construction industries, contributing to the segment's substantial growth.
The market also features derivatives such as acrylamide, which is used in water treatment processes and as a component in the production of polyacrylamides. These polymers are crucial in various applications including sewage treatment, enhanced oil recovery, and as flocculants in the paper industry. The demand for acrylamide is driven by its versatility and efficiency in water purification and industrial processes.
The market includes various specialty derivatives like polyacrylic acid, used in the production of thickening agents and superabsorbents. These derivatives are crucial in the development of high-performance materials and consumer goods. The growing need for advanced materials with specific properties, such as improved absorbency and viscosity control, is fueling the demand for these specialty acrylic acid derivatives across multiple industries.
Global Acrylic Acid And Its Derivatives Market, Segmentation by Application
The Global Acrylic Acid And Its Derivatives Market has been segmented by Application into Superabsorbent, Paints & Coating, Adhesives, Textiles and Others.
The global acrylic acid and its derivatives market is primarily segmented by application into superabsorbents, paints and coatings, adhesives, textiles, and other uses. Superabsorbent polymers, which account for a significant portion of the market, are used in personal care products, diapers, adult incontinence products, and other hygiene products. This application continues to grow due to the rising demand for high-performance absorbent materials in the healthcare and hygiene sectors, where the need for improved comfort and effectiveness is a priority.
Paints and coatings also represent a substantial segment, with acrylic acid derivatives playing a key role in the formulation of water-based paints. These products are valued for their excellent adhesion, durability, and weather resistance properties, making them essential in both residential and commercial construction. The increasing use of environmentally friendly paints is driving demand for acrylic acid derivatives, as they align with the trend of sustainable and low-emission solutions in the construction industry.
The adhesives segment is expanding due to acrylic acid derivatives’ superior bonding properties, which make them ideal for use in various industrial applications, including packaging, automotive, and electronics. Acrylic-based adhesives are also in demand in the textile industry, where they are used for fabric treatment and as binders in nonwoven textiles. The "others" segment includes a variety of niche applications, such as in the production of plastics, detergents, and surfactants, all of which contribute to the market's overall growth by diversifying the end uses of acrylic acid and its derivatives.
Global Acrylic Acid And Its Derivatives Market, Segmentation by Geography
In this report, the Global Acrylic Acid And Its Derivatives Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Global Acrylic Acid And Its Derivatives Market Share (%), by Geographical Region, 2024
Acrylic acid is predominantly used in the production of superabsorbent polymers, which are crucial in the manufacturing of hygiene products like diapers, adult incontinence products, and feminine hygiene items. These polymers are valued for their high absorbency and ability to retain large volumes of fluids. The demand for SAPs has surged due to increasing awareness of hygiene and growing aging populations, driving significant growth in this segment.
Acrylic acid derivatives, such as acrylates and methacrylates, play a critical role in the coatings and adhesives sector. These derivatives are utilized to enhance the performance of paints, varnishes, and sealants by improving their durability, weather resistance, and adhesion properties. This segment benefits from the expansion of the construction and automotive industries, where high-quality coatings and adhesives are essential.
In the textiles industry, acrylic acid and its derivatives are employed to produce fibers and fabrics that are durable, lightweight, and resistant to wrinkles and stains. Acrylic fibers are used in a variety of clothing and home furnishings, including carpets and upholstery. The growing demand for high-performance and comfortable textiles contributes to the expansion of this application segment.
Acrylic acid is also a key raw material in the production of various chemicals, including butyl acrylate and ethyl acrylate, which are used in the synthesis of polymers and resins. These chemicals find applications in multiple sectors, including automotive, construction, and consumer goods. The versatility of acrylic acid in chemical manufacturing underpins its significant role in this sector.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global Acrylic Acid And Its Derivatives Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Drivers, Restraints and Opportunity Analysis
Drivers:
- Growing Demand in Adhesives
- Expansion in Paints & Coatings
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Increasing Usage in Textiles - The global acrylic acid and its derivatives market is witnessing significant growth, driven by increasing applications across various industries, with textiles being a notable sector. Acrylic acid is a key raw material used in the production of superabsorbent polymers (SAPs) and other polymers, which have found widespread application in textile manufacturing. This growth is fueled by the rising demand for high-performance fabrics and advanced textiles, which require polymers with unique properties such as water resistance, durability, and elasticity.
In textiles, acrylic acid derivatives are predominantly used in the creation of superabsorbent polymers, which are integral in products like diapers, adult incontinence products, and feminine hygiene products. These polymers are valued for their exceptional water-absorbent capabilities, making them essential in producing high-quality, functional textiles. Additionally, acrylic acid derivatives are used in textile coatings and finishes to enhance the performance characteristics of fabrics, such as water repellency, stain resistance, and wrinkle resistance.
Restraints:
- Volatility in Raw Material Prices
- Stringent Environmental Regulations
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High Production Costs - The global acrylic acid and its derivatives market is grappling with high production costs, which pose significant challenges for industry stakeholders. Acrylic acid, a key raw material in various applications such as adhesives, paints, and coatings, is derived from propylene. The production process involves complex chemical reactions and requires substantial energy input, which contributes to elevated costs. Fluctuations in the prices of raw materials, especially propylene, further exacerbate these cost pressures, impacting the overall cost structure of acrylic acid production.
Environmental regulations and sustainability initiatives add to the financial burden. The acrylic acid production process is associated with emissions and waste, leading to increased investments in pollution control technologies and compliance measures. Companies are compelled to implement greener practices and technologies, which, while beneficial for long-term sustainability, often entail higher upfront costs. These regulatory demands further strain profit margins and make it challenging for manufacturers to balance cost-efficiency with environmental responsibility.
Opportunities:
- Innovations in Bio-based Acrylic Acid
- Emerging Markets Expansion
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Development of Advanced Applications - The global acrylic acid and its derivatives market has experienced significant growth due to the expanding applications in various industries. Acrylic acid, a key component in the production of superabsorbent polymers, is increasingly utilized in personal care products, medical supplies, and agricultural applications. Its derivatives, including acrylates, are essential in the production of coatings, adhesives, and sealants. As industries seek to enhance product performance and sustainability, the demand for acrylic acid and its derivatives has surged, driving innovations and advanced applications.
In the automotive and aerospace industries, acrylic acid derivatives are being used to develop high-performance coatings and composites. These materials offer improved durability, weather resistance, and lightweight properties, which are crucial for enhancing the performance and longevity of vehicle components and aircraft parts. The development of advanced acrylic-based coatings with enhanced scratch resistance and UV stability is contributing to the growth of these sectors, as manufacturers seek solutions that meet stringent regulatory standards and consumer expectations.
Competitive Landscape Analysis
Key players in Global Acrylic Acid And Its Derivatives Market include:
- BASF
- DowDuPont
- Nippon Shokubai
- Akema
In this report, the profile of each market player provides following information:
- 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 Type
- Market Snapshot, By Application
- Market Snapshot, By Region
- Global Acrylic Acid And Its Derivatives Market
- Drivers, Restraints and Opportunities
- Drivers
- Growing Demand in Adhesives
- Expansion in Paints & Coatings
- Increasing Usage in Textiles
- Restraints
- Volatility in Raw Material Prices
- Stringent Environmental Regulations
- High Production Costs
- Opportunities
- Innovations in Bio-based Acrylic Acid
- Emerging Markets Expansion
- Development of Advanced Applications
- 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
- Global Acrylic Acid And Its Derivatives Market, By Type, 2021 - 2031 (USD Million)
- Acrylic Acid
- Acrylic Acid Derivatives
- Global Acrylic Acid And Its Derivatives Market, By Application, 2021 - 2031 (USD Million)
- Superabsorbent
- Paints & Coating
- Adhesives
- Textiles
- Others
- Global Acrylic Acid And Its Derivatives 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
- Global Acrylic Acid And Its Derivatives Market, By Type, 2021 - 2031 (USD Million)
- Competitive Landscape
- Company Profiles
- BASF
- DowDuPont
- Nippon Shokubai
- Akema
- Company Profiles
- Analyst Views
- Future Outlook of the Market