Acrylic Acid Market Demand, Application, COVID-19 Analysis, Share, Forecast 2023

Acrylic Acid Market Synopsis:

As per Market Research Future (MRFR)’s analysis, the global acrylic acid market is expected to thrive at a CAGR of 5.14% during the projection period 2016 to 2022. Its valuation is poised to reach USD 18,315.3 Mn towards the end of 2022 up from USD 13,599.9 Mn in 2015. The growth of the construction industry has been estimated to have a favorable influence on the expansion of the acrylic acid market in the upcoming years. It is extensively used in paints & coatings and adhesives which are abundantly used in the construction sector. Furthermore, the governments of the developing regions are taking initiatives to ensure infrastructural development and shelter for the unprivileged class of people. This is likely to expedite the expansion of the acrylic acid market indirectly over 2022.

The stabilization of the global economy has influenced the growth of the end-user industries and is likely to keep benefitting the market in the foreseeable future. In addition, the increasing demand for diapers is a major factor for the growth of the acrylic acid market as it is the core constituent of the production process. On the flip side, the inflated cost of raw materials used for the manufacturing of acrylic acid is poised to hinder the expansion of the market over the next couple of years.

Acrylic Acid Market Segmentation:

By type, the COVID-19 analysis on acrylic acid market report has been segmented into methyl acrylate, ethyl acrylate, superabsorbent polymers, elastomers, water treatment polymers, 2-Ethylhexyl acrylate, butyl acrylate, and others.

By application, the acrylic acid market forecast has been segmented into surface coatings, adhesive & sealants, agriculture, plastic sheets, diapers, cement modifiers, and others.

Access Full Report Details and Order this Premium Report @ https://www.marketresearchfuture.com/reports/acrylic-acid-market-2571

Competitive Dashboard:

The key players contributing most significantly towards the growth of the acrylic acid market share are BASF SE (Germany), LG Chemicals (South Korea), and Nippon Shokubai Co. Ltd (Japan). Other major players profiled in the report are Arkema (France), PJSC Sibur Holding (Russia), Evonik Industries (Germany), Hexion Inc (US), the Dow Chemical Company (US), Shenyang Chemical Co. Ltd (China), Jiangsu Jurong Chemical Co. Ltd (China), and Mitsubishi Chemical (Japan).

Acrylic Acid Market Regional Analysis:

The geographical analysis of the global acrylic acid industry spans across Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. Asia Pacific is expected to emerge as the largest market for acrylic acid striking a CAGR of 5.39% during the assessment period. The regional market’s value is poised to touch USD 6,520.9 Mn market at the end of 2022. The main factor driving the growth of the region is the towering demand from the end-user industries. Furthermore, the region is likely to unleash attractive opportunities and facilitate the setting up of manufacturing facilities in the upcoming years. This, in turn, has been prognosticated to drive the growth of the market across the review period. Furthermore, the presence of fast-developing economies with rapid urbanization and industrialization is poised to catapult the acrylic acid market on an upwards trajectory.

North America, which is the second-largest market, is expected to exhibit substantial growth over the assessment period. The product has developed core applications such as diapers, adhesives, paints, and paper coating. The growth of the end-user industries has been projected to expedite the growth of the acrylic acid market in the forthcoming years.

Read more reports details at: https://www.marketresearchfuture.com/categories/chemicals-market-report

Read more details at: https://www.marketresearchfuture.com/infographics

Read more details at: https://www.marketresearchfuture.com/videos

NOTE: Our team of researchers are studying Covid19 and its impact on various industry verticals and wherever required we will be considering covid19 footprints for a better analysis of market and industries. Cordially get in touch for more details.

About Market Research Future

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

Contact

Market Research Future

Pune - 411028

Maharashtra, India

+1 646 845 9312

Email: sales@marketresearchfuture.com

Comments

Post a Comment

Popular posts from this blog

Cold Insulation Market, Demand, Key Player profile, Size, Share, Trends, and Regional Outlook by 2030

Cold Insulation Market – Brief Insights Cold insulation forms an important part of industries that need better energy rates. Without these the manufacturing process would become quite tedious as a lot of energy would be lost. In the last few years, this process has established itself as pretty useful and proficient. And owing to this fact the global cold insulation market has gained momentum. In simple terms cold insulation can be explained as a procedure that is undertaken to avoid energy leakages in huge systems and also to enhance the energy efficiency. This technology forms an integral part of systems like HVAC and refrigerators. Furthermore, they have also proven to be proficient for industries like oil & gas and chemicals. On the whole, it can be concluded that the global cold insulation market is at its prime as of right now and it will continue to climb ladders of success in future as well. Market Scenario At present, the industrial segment is experiencing an all-ti
Read more

Fluorosurfactant Market Analysis, Growth, COVID-19 Overview, Demand and Industry Forecast 2023

Market Analysis   The global fluorosurfactant market is predicted to touch USD 806.09 million at a 9.8% CAGR between 2016- 2023, reveals the new Market Research Future (MRFR) report. Flurosurfactant or fluorinated surfactant is a type of coating additive which helps to improve wetting, levelling, and control foam. It also offers lower surface tension, especially in coating systems. Flurosurfactant is compatible with almost every polymer and stays active all through the curing and dyeing process. It is used in emulsion polymerizations to produce fluoropolymers. Cationic, amphoteric, anionic, non-ionic, and others are the different types of fluorosurfactants. Owing to its alluring features and key benefits, fluorosurfactants have a wide range of applications including electronics, oilfields, polishes, waxes, adhesives, polymers, paints and coatings, inks, sealers, fingerprint repellency, and stain repellence, among others.    Various factors are adding to the global fluorosurfact
Read more

Opacifiers Market Growth and Industry Forecast 2023

Opacifiers Market overview The global opacifiers market has been segmented by type, application, and region. By product, the global opacifiers market has been segmented into titanium dioxide, opaque polymers, zircon, zinc oxide, cerium oxide, antimony trioxide, tin oxide, and arsenic trioxide. Among these, the titanium dioxide is the leading segment owing to its extensive use as whitener, scattering visible light resulting in opaque color and creates reflective and bright quality when applied to a surface. Additionally, it is used as a thickener and pigment for creams and sunscreen products owing to its transparent and UV absorption characteristics. Based on application, the market has been segmented into paints & coatings, plastics, ceramics, paper, personal care, inks, fibers, home care, glass, and others. The paints & coatings segment accounted for a major market share in 2017 on account of the high demand for paints & coatings in major end-use industries such as
Read more