Global Acrylic Acid Market Growth, Share, Size, Trends and Forecast (2025 - 2031)
By Derivative;
Acrylic Esters- Methyl Acrylate, Ethyl Acrylate, Butyl Acrylate, 2-Ethylhexyl Acrylate, Other Acrylic Esters, Acrylic Polymers- Super Absorbent Polymer and Acrylic Elastomers, Others- Ammonium Polyacrylate, and Polycyanoacrylates.By Application;
Surface Coatings, Adhesives & Sealants, Plastic Additives, Detergents, Textiles, Diapers & Training Pants, Adult Incontinence , Water Treatment, and Others.By 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%.
Global Acrylic Acid Market Growth, Share, Size, Trends and Forecast
*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
Global 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
- In January 2024, Arkema announced that its acrylic acid and ester production facility in Taixing, Jiangsu Province, China, achieved ISCC+ certification. This milestone is part of Arkema's efforts to decarbonize its acrylic production chain, supporting the company's broader sustainability objectives.
- In May 2023, NIPPON SHOKUBAI CO. LTD announced the inauguration of a new acrylic acid production facility by its subsidiary, PT. NIPPON SHOKUBAI, in Cilegon, Banten, Indonesia. The facility boasts an annual production capacity of 100,000 metric tonnes, enhancing the company's manufacturing capabilities in the region.
Acrylic Acid Market Segment Analysis
In this report, the Acrylic Acid Market has been segmented by Derivative, Application, and Geography.
Acrylic Acid Market, Segmentation by Derivative
The Acrylic Acid Market has been segmented by Derivative into Acrylic Esters- Methyl Acrylate, Ethyl Acrylate, Butyl Acrylate, 2-Ethylhexyl Acrylate, Other Acrylic Esters, Acrylic Polymers- Water Treatment Polymers, Super Absorbent Polymer, Acrylic Elastomers, Others- Ammonium Polyacrylate, and Polycyanoacrylates.
Acrylic Esters – Methyl Acrylate
Methyl acrylate contributes approximately 15% of the acrylic acid market. Known for its fast-drying and high-gloss properties, it is widely used in paints, adhesives, and coatings.
Acrylic Esters – Ethyl Acrylate
Ethyl acrylate represents around 10% of the market. It offers excellent adhesion and flexibility, making it a preferred choice in textiles, paints, and coatings.
Acrylic Esters – Butyl Acrylate
Butyl acrylate holds approximately 20% of market share. Its weather resistance and impact durability make it ideal for use in sealants, adhesives, and architectural coatings.
Acrylic Esters – 2-Ethylhexyl Acrylate
2-Ethylhexyl acrylate accounts for about 10% of the market. It is known for its low glass transition temperature and superior flexibility, making it suitable for pressure-sensitive adhesives and sealants.
Acrylic Esters – Other Acrylic Esters
Other acrylic esters make up approximately 5% of the market. These derivatives serve specialized applications in industrial coatings, textile treatments, and additives.
Acrylic Polymers – Water Treatment Polymers
Water treatment polymers account for about 10% of the market. These acrylic polymers enhance flocculation and water purification efficiency in municipal and industrial water treatment plants.
Acrylic Polymers – Super Absorbent Polymer
Super absorbent polymer represents nearly 20% of market share. Used primarily in diapers, personal care products, and agricultural applications, it offers high absorbency and retention capacity.
Acrylic Polymers – Acrylic Elastomers
Acrylic elastomers contribute around 5% of the market. Known for their heat resistance and weather durability, they are used in automotive seals, gaskets, and hoses.
Others – Ammonium Polyacrylate
Ammonium polyacrylate holds approximately 3% of the market. It is used as a dispersant and thickening agent in paint formulations and industrial processes.
Others – Polycyanoacrylates
Polycyanoacrylates account for about 2% of the market. These materials are primarily used in medical adhesives and industrial bonding applications due to their fast curing properties and strong adhesion.
Acrylic Acid Market, Segmentation by Application
The Acrylic Acid Market has been segmented by Application into Surface Coatings, Adhesives & Sealants, Plastic Additives, Detergents, Textiles, Diapers & Training Pants, Adult Incontinence & Other Personal Care Products, Water Treatment, and Other Applications.
Surface Coatings
Surface coatings account for approximately 25% of the acrylic acid market. Acrylic acid derivatives provide adhesion, durability, and UV resistance in paints and coatings used across industries.
Adhesives & Sealants
Adhesives and sealants contribute about 15% of market share. Acrylic acid-based formulations are valued for their strong bonding, chemical resistance, and flexibility in applications such as construction and automotive manufacturing.
Plastic Additives
Plastic additives represent around 10% of the market. Acrylic acid is used to improve impact resistance, clarity, and durability in polymer blends and plastics.
Detergents
Detergents hold approximately 5% of the market. Acrylic acid derivatives act as dispersants and anti-redeposition agents in laundry detergents and cleaning products.
Textiles
Textile applications represent nearly 5% of market share. Acrylic acid enhances fabric softness, wrinkle resistance, and durability in textile finishes and non-woven materials.
Diapers & Training Pants
Diapers and training pants hold about 20% of the market. Acrylic acid-based super absorbent polymers (SAPs) provide high absorbency and retention capacity in infant care products.
Adult Incontinence & Other Personal Care Products
Adult incontinence products and other personal care applications contribute around 10% of market demand. SAPs derived from acrylic acid deliver effective moisture control and comfort.
Water Treatment
Water treatment represents approximately 5% of the market. Acrylic acid-based polymers act as flocculants and dispersants to improve clarity and processing efficiency in municipal and industrial water treatment systems.
Other Applications
Other applications, including inks, paper coatings, and specialty chemicals, make up the remaining 5% of the market. These sectors benefit from the versatility and functional performance of acrylic acid derivatives.
Acrylic Acid Market, Segmentation by Geography
In this report, the Global 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
Acrylic Acid Market Share (%), by Geographical Region
North America
North America holds approximately 30% of the global acrylic acid market. The region benefits from strong demand in personal care, automotive, and construction sectors, driven by advanced manufacturing capabilities and R&D investments.
Europe
Europe represents around 25% of market share. The region’s emphasis on sustainability and eco-friendly solutions promotes the adoption of acrylic acid-based products in coatings, textiles, and consumer goods.
Asia Pacific
Asia Pacific dominates the global market, contributing nearly 35% of total revenue. Rapid industrialization, urbanization, and increasing demand for super absorbent polymers in countries such as China, India, and Japan drive substantial growth.
Middle East and Africa
Middle East and Africa account for about 5% of the market. Growth is driven by the region’s expanding construction and water treatment industries, increasing demand for acrylic acid derivatives in various applications.
Latin America
Latin America holds the remaining 5% of market share. The region is witnessing growth in consumer goods, textile production, and packaging sectors, contributing to increased adoption of acrylic acid products.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global Acrylic Acid Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
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: The global acrylic acid market is witnessing a significant surge in its utilization for water treatment purposes, attributed to its versatile characteristics and effectiveness in tackling water purification issues. Acrylic acid and its derivatives are pivotal in various water treatment processes, offering solutions for disinfection, pH regulation, and scale inhibition. Its capacity to create stable complexes with metal ions renders it suitable for eliminating contaminants and enhancing water quality in both industrial and municipal water treatment plants.
Polymeric compounds derived from acrylic acid, such as polyacrylic acid (PAA), are extensively employed in water treatment applications owing to their remarkable chelating and flocculating attributes. These polymers aid in eliminating heavy metals, organic pollutants, and suspended solids from water, thereby augmenting its clarity and purity levels. Furthermore, acrylic acid-based polymers demonstrate high efficacy in controlling scale build-up and averting corrosion within water distribution systems, thereby prolonging infrastructure longevity and mitigating maintenance expenses.
The escalating demand for clean and potable water, coupled with stringent regulations governing wastewater discharge and water quality standards, is propelling the adoption of acrylic acid-based solutions in water treatment operations. As industries and municipalities prioritize sustainability and environmental responsibility, acrylic acid emerges as a critical component in addressing water treatment challenges. With ongoing innovations in acrylic acid-based formulations and treatment methodologies, the global acrylic acid market is poised to play a pivotal role in ensuring access to clean water and fostering sustainable water management practices on a global scale.
Restraints:
- Volatility in Feedstock Prices
- Environmental and Regulatory Constraints
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Competition from Alternative Chemicals: Competition from alternative chemicals presents a significant challenge in the Global Acrylic Acid Market, reshaping market dynamics and demand trends. Traditional substitutes like methacrylic acid and maleic anhydride closely mimic acrylic acid's properties and applications. Methacrylic acid, for instance, shares numerous characteristics with acrylic acid and is utilized across diverse industries, including coatings, adhesives, and personal care products. Similarly, maleic anhydride competes directly with acrylic acid in adhesive formulations and surface coatings, particularly in sectors like construction, automotive, and packaging.
Emerging alternatives, such as bio-based and renewable chemicals, are gaining momentum, posing a competitive threat to acrylic acid. These alternatives offer environmental benefits and sustainability advantages over petrochemical-derived acrylic acid. For instance, bio-based succinic acid, derived from renewable feedstocks like biomass, emerges as a promising alternative in applications ranging from polymers to coatings. Similarly, renewable chemicals sourced from plant-based materials or fermentation processes are increasingly explored as substitutes for acrylic acid in various sectors, including adhesives, sealants, and plastic additives.
Acrylic acid manufacturers are prioritizing innovation, product differentiation, and sustainability initiatives. They are directing investments towards research and development to enhance acrylic acid formulations, optimize production processes, and explore bio-based pathways for acrylic acid synthesis. Additionally, strategic collaborations, partnerships, and acquisitions are pursued to bolster market presence and diversify product portfolios. By emphasizing sustainability, performance enhancements, and cost competitiveness, acrylic acid producers aim to sustain their market position amid evolving industry dynamics and the emergence of alternative chemicals.
Opportunities:
- Expansion of Acrylic Acid Derivatives Market
- Growth in Personal Care and Cosmetics Industry
-
Increasing Demand for Water-based Paints and Coatings: The global acrylic acid market is experiencing heightened demand, primarily fueled by the increasing preference for water-based paints and coatings. This trend is particularly evident across diverse industries like construction, automotive, furniture, and packaging, where water-based formulations are favored for their environmental advantages and superior performance attributes. Acrylic acid, a vital raw material in the production of water-based paints and coatings, contributes to enhancing adhesion, durability, and weather resistance in the final products.
The growing focus on sustainability and regulations promoting low-VOC products are propelling the uptake of water-based paints and coatings. Acrylic acid-derived polymers facilitate the creation of low-VOC formulations, meeting strict environmental standards while ensuring exceptional performance and longevity. Additionally, the ease of application, quick drying times, and reduced odor of water-based coatings make them ideal for interior and exterior architectural coatings, as well as protective coatings for infrastructure and industrial applications.
In the automotive industry, the demand for water-based paints and coatings is on the rise to adhere to regulatory mandates and meet consumer expectations for eco-friendly and durable finishes. Acrylic acid-based polymers play a crucial role in developing automotive coatings with superior color retention, UV resistance, and scratch resistance, ensuring prolonged protection and aesthetic appeal. With a growing emphasis on sustainability and environmental consciousness, the adoption of water-based acrylic coatings is expected to continue expanding in the automotive sector, thereby driving the demand for acrylic acid globally.
Competitive Landscape Analysis
Key players in Global Acrylic Acid Market include:
- 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.
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 Derivative
- Market Snapshot, By Application
- 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)
- Acrylic Esters
- Methyl Acrylate
- Ethyl Acrylate
- Butyl Acrylate
- 2-Ethylhexyl Acrylate
- Other Acrylic Esters
- Acrylic Polymers
- Super Absorbent Polymer
- Acrylic Elastomers
- Others
- Ammonium Polyacrylate
- Polycyanoacrylates
- Acrylic Esters
- Acrylic Acid Market, By Application, 2021 - 2031 (USD Million)
- Surface Coatings
- Adhesives & Sealants
- Plastic Additives
- Detergents
- Textiles
- Diapers & Training Pants
- Adult Incontinence
- Water Treatment
- 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 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.
- Company Profiles
- Analyst Views
- Future Outlook of the Market