Acrylic Acid Market
By Derivative;
Methyl Acrylate, Butyl Acrylate, Ethyl Acrylate and OthersBy Application;
Paints & Coatings, Adhesives & Sealants and OthersBy Purity Grade;
Technical Grade, Glacial Grade and Ultra-High PurityBy End User Industry;
Personal Care & Hygiene, Building & Construction, Automotive & Transportation and OthersBy 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
The 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 June 2021, Mitsubishi Chemical Corporation acquired Lucite International, fortifying its acrylic portfolio and expanding its presence in acrylic acid and esters markets.
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In July 2022, Arkema acquired Polimeros Especiales in Mexico to strengthen its portfolio of solvent‑free waterborne acrylic resins and grow its regional manufacturing footprint.
Acrylic Acid Market Segment Analysis
In this report, the Acrylic Acid Market has been segmented by Derivative, Application, Purity Grade, End User Industry and Geography.
Acrylic Acid Market , Segmentation by Derivative
The derivative landscape determines performance attributes, processing behavior, and end-use economics across coatings, pressure-sensitive products, and hygiene applications. Strategic moves include capacity debottlenecking, product qualification with converters, and co-development partnerships to improve polymerization control and film properties. Key drivers include demand for low-VOC systems, durability in harsh environments, and supply chain resilience, while challenges center on cost pass-through and sustainability expectations.
Methyl AcrylateMethyl acrylate underpins copolymer systems requiring fast cure, hardness, and good weatherability, supporting high-throughput lines in packaging and industrial finishes. Producers emphasize process enhancements and additive packages to control volatility and reduce odor for safer handling. Strategic focus rests on qualifying bio-balanced feedstocks, addressing regulatory scrutiny, and collaborating with formulators to balance flexibility with chemical resistance in diverse substrates.
Butyl AcrylateButyl acrylate is central to acrylic latex production where flexibility, adhesion, and film formation are critical across paints & coatings and sealants. Suppliers pursue backward integration and long-term offtake agreements to stabilize margins amid propylene swings. Growth strategies include low-odor grades for indoor applications, VOC-compliant formulations, and partnerships with architectural and protective coating OEMs to meet durability and sustainability targets.
Ethyl AcrylateEthyl acrylate offers a balance of hardness and flexibility, enabling adhesives, leather finishes, and specialty coatings that require strong substrate bonding. Market participants optimize reactor conditions and inhibitor systems to improve stability and conversion yields. The segment’s outlook depends on compliance with evolving exposure limits, advancements in emulsion polymerization, and collaboration with adhesive converters to tailor tack and peel performance.
OthersThe “Others” segment covers specialized acrylates and functional blends aimed at niche properties such as chemical resistance, clarity, or specific adhesion profiles. Suppliers use portfolio rationalization and application labs to accelerate qualification with converters and brand owners. Future momentum reflects innovation in water-borne systems, circular feedstock trials, and targeted solutions for electronics, packaging, and industrial maintenance.
Acrylic Acid Market , Segmentation by Application
Applications define value capture by specifying performance thresholds, compliance regimes, and lifecycle costs. Market activity centers on reformulation to meet VOC and odor limits, extending service life, and improving productivity through faster dry times and robust adhesion. Competitive dynamics reward technical service, pilot-scale validation, and reliable logistics that mitigate challenges from feedstock volatility and cross-border trade shifts.
Paints & CoatingsIn coatings, acrylic derivatives enable film integrity, weatherability, and color retention for architectural, automotive refinish, and protective systems. Suppliers focus on low-VOC emulsions, anti-corrosive performance, and adhesion to difficult substrates like galvanized steel or composites. Partnerships with formulators and applicators help optimize rheology and open time, supporting productivity and long-term durability under stringent regulations.
Adhesives & SealantsAdhesives & sealants leverage acrylic chemistry for pressure sensitivity, cohesive strength, and substrate versatility across tapes, labels, construction joints, and transportation assemblies. Growth is driven by light-weighting, fast assembly, and the shift from solvent to water-borne technologies. Competitive strategies include hot-melt acrylics, improved shear resistance, and co-innovation with OEMs to meet reliability and environmental specifications.
OthersOther applications include textiles, leather finishing, paper treatment, and specialty binders where flexibility, clarity, or barrier performance is prioritized. Suppliers differentiate via tailored particle size distributions, surfactant choices, and crosslinking to achieve end-use consistency. Future outlook depends on recycling-compatible formulations and regional compliance alignment, addressing challenges in chemical management and consumer-safety expectations.
Acrylic Acid Market , Segmentation by Purity Grade
Purity affects downstream polymerization kinetics, color, odor, and stability—key parameters for high-spec coatings and hygiene products. Producers invest in purification trains, inhibitor optimization, and continuous monitoring to minimize impurities and improve shelf life. Market drivers include tighter quality specs from multinational converters and the need for consistent batches that streamline global qualification and reduce waste.
Technical GradeTechnical grade serves bulk industrial uses where cost efficiency and dependable supply are paramount. Participants emphasize robust logistics, regional storage, and flexible offtake contracts to navigate demand cycles. Product stewardship and safe-handling programs remain essential to address workplace exposure challenges and maintain compliance across jurisdictions.
Glacial GradeGlacial grade is chosen for applications requiring lower impurity levels, better color control, and predictable reactivity, such as premium coatings and adhesives. Suppliers highlight rigorous QA/QC, improved stabilizer systems, and batch traceability. Growth aligns with end users’ quality audits and the push for reproducibility in high-value lines where downtime and defects are costly.
Ultra-High PurityUltra-high purity targets demanding formulations needing exceptional clarity, odor control, and consistent polymerization behavior. Producers leverage advanced distillation and filtration, often pairing with dedicated storage to prevent contamination. The segment benefits from drivers like premium hygiene products and electronics-adjacent uses, while managing cost-to-serve and inventory complexities.
Acrylic Acid Market , Segmentation by End User Industry
End-user dynamics reflect specification frameworks, certification cycles, and sustainability roadmaps that shape adoption. Vendors co-develop solutions with brand owners and tier suppliers, aligning to low-VOC, durability, and recyclability targets. Despite challenges from input-cost swings and regulatory updates, collaboration across converters, formulators, and OEMs underpins reliable qualification and multi-region scale-up.
Personal Care & HygieneIn personal care & hygiene, acrylic derivatives support superabsorbents, films, and binders requiring purity, safety, and consistent performance. Suppliers prioritize stewardship, odor minimization, and compliance with regulations governing consumer exposure. Growth trajectories favor partnerships with hygiene majors, regional capacity placement, and logistics reliability for time-sensitive demand.
Building & ConstructionConstruction relies on acrylic-based coatings, sealants, and waterproofing systems for adhesion, flexibility, and weathering resistance. Market drivers include refurbishment, energy-efficient buildings, and performance warranties that cut lifecycle costs. Participants emphasize field support, substrate compatibility testing, and formulations tailored to climate and code variations.
Automotive & TransportationAutomotive & transportation value adhesive bonding, corrosion protection, and durable finishes meeting OEM standards and evolving lightweight designs. Co-engineering with tier suppliers accelerates line trials, while water-borne and low-odor solutions help meet environmental targets. The outlook includes broader electric-vehicle adoption and tighter quality windows across global platforms.
OthersOther industries include packaging, textiles, paper, and specialty manufacturing that require tailored adhesion, printability, and film properties. Vendors differentiate through application labs, rapid prototyping, and supply programs aligned to converters’ throughput goals. Stewardship, material transparency, and circular-ready chemistries are central themes as customers pursue sustainability commitments.
Acrylic Acid Market , Segmentation by Geography
In this report, the Acrylic Acid Market has been segmented by Geography into five regions: North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Regions and Countries Analyzed in this Report
North America
North America emphasizes water-borne coatings and high-performance adhesives, supported by stringent regulations and a mature construction renovation cycle. Supply strategies include regional sourcing, rail/truck logistics optimization, and offtake agreements with downstream converters. Outlook benefits from infrastructure spend and durable goods recovery, while monitoring feedstock spreads and environmental compliance costs.
Europe
Europe’s market is shaped by ambitious sustainability policies, pushing low-VOC and low-odor formulations and circular economy initiatives. Producers prioritize energy efficiency, carbon-aware procurement, and product stewardship to align with evolving regulatory frameworks. Despite energy-price challenges, co-innovation with coatings and hygiene leaders sustains demand for high-spec grades and consistent quality.
Asia Pacific
Asia Pacific anchors global capacity additions, supported by expanding construction, packaging, and mobility sectors. Strategies include integration with propylene chains, regional application labs, and competitive export platforms. The region’s drivers include urbanization and manufacturing scale, while risk management focuses on logistics, currency, and compliance harmonization across diverse markets.
Middle East & Africa
Middle East & Africa leverage feedstock availability in select hubs and rising infrastructure projects to advance coatings, sealants, and hygiene applications. Investments target efficient plants, port-centric logistics, and partnerships with building-materials distributors. Market development addresses challenges such as technical service depth and regulatory convergence, with potential upside from industrial diversification programs.
Latin America
Latin America’s demand is supported by construction refurbishment, packaging growth, and regional brand expansion in consumer goods. Suppliers emphasize agile supply chains, localized technical support, and compliance with national regulations. Outlook is tied to macro stability and trade flows, with opportunities in water-borne upgrades and durable, climate-adapted coating systems.
Acrylic Acid Market Trends
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 |
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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
The 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:
- Company Overview and Product Portfolio
- Market Share Analysis
- 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 Industry
- Market Snapshot, By Region
- Acrylic Acid Market Dynamics
- 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
- Others
- Acrylic Acid Market, By Application, 2021 - 2031 (USD Million)
- Paints & Coatings
- Adhesives & Sealants
- Others
- Acrylic Acid Market, By Purity Grade, 2021 - 2031 (USD Million)
- Technical Grade
- Glacial Grade
- Ultra-High Purity
- Acrylic Acid Market, By End User Industry, 2021 - 2031 (USD Million)
- Personal Care & Hygiene
- Building & Construction
- Automotive & Transportation
- Others
- 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