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, and Other Acrylic Esters], Acrylic Polymers [Super Absorbent Polymer and Acrylic Elastomers], and Others [Ammonium Polyacrylate and Polycyanoacrylates]By Application;
Surface Coatings, Adhesives & Sealants, Plastic Additives, Detergents, Textiles, Diapers & Training Pants, Adult Incontinence , Water Treatment, 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%.
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
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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, 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, and Other Acrylic Esters], Acrylic Polymers [Super Absorbent Polymer and Acrylic Elastomers], and Others [Ammonium Polyacrylate and Polycyanoacrylates]
Acrylic Esters
Acrylic esters, including Methyl Acrylate, Ethyl Acrylate, Butyl Acrylate, 2-Ethylhexyl Acrylate, and other related compounds, account for over 50% of the acrylic acid derivatives market. These esters are widely used in coatings, adhesives, textiles, and plastic additives due to their excellent film-forming and weather-resistant properties.
Acrylic Polymers
This segment comprises Super Absorbent Polymers and Acrylic Elastomers, contributing around 35% to the market. These polymers are crucial in products requiring moisture control and elasticity, such as diapers, hygiene products, and automotive parts.
Others
The remaining 15% of the market includes derivatives like Ammonium Polyacrylate and Polycyanoacrylates. These compounds are employed in specialty adhesives and water treatment solutions owing to their strong bonding and dispersing properties.
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 , Water Treatment, and Others
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 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 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 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.
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
Key players in 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
- 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 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