Acrylic Acid Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028
Acrylic acid refers to a polymer of immense significance that has gained popularity as a raw material for several consumer and industrial products. The global acrylic acid market is anticipated to make substantial gains owing to its extensive use in the making of acrylic resins and esters. These are mainly utilized in adhesives and coatings. Increased demand for coatings and adhesives are likely to boost expansion of the global acrylic acid market in the years to come.
This product finds increased application in textile, baby diapers, super absorbent polymers, detergents, paper treatment, and feminine hygiene products. Such wide array of applications is likely to offer copious opportunity for growth of the global acrylic acid market during the period of review.
The global acrylic acid market has been split on the basis of application and region. The sole purpose of this study is to provide a deep insight into the market.
The global acrylic acid market has experienced developments in the last few years. These market developments give an idea about the growth factors of the global acrylic acid market. One of many such developments is mentioned below:
Increased Demand for Personal Hygiene Products to Spell Growth for the Market
The global acrylic acid market is expected to gather momentum from the augmented demand of the product across various end use segments. Acrylic acid is utilized in the making of superabsorbent polymers, which finds primary use in the production of female sanitary napkins and diaper for babies. Superabsorbent polymers come with the ability of water absorption and can retain the same. This property is expected to bolster demand for superabsorbent polymers, which, in turn, is expected propel growth of the global acrylic acid market in years to come.
Superabsorbent polymers are estimated to account for large part of the demand arising out of global acrylic acid market. These polymers are produced by making use of acrylic acid as one of its raw material. As such, increased demand for superabsorbent polymers is expected to trigger growth of the market in years to come.
The global acrylic acid market is likely to rise high on the augmented awareness about hygiene across all age groups across the globe. Escalated demand for use of products such as sanitary napkins, diapers for both adults and babies are forecasted to lead to the growth of the global acrylic acid market in years to come.
Asia Pacific is estimated to exert dominance on the global acrylic acid market over the forecast tenure. Driven by the massive consumption of the product in the form of personal care products, surfactants, adhesives, and coatings in China and India, the regional market is likely to prosper in the years to come.
Furthermore, North America is also expected to play dominating role in the market. The region is estimated to be driven by the increased demand for adult incontinence.
The global acrylic acid market is segmented as:
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