Arcylic Acid Market to reach heights

25 Jun
2014

6585 Views

Acrylic Acids: They make paints weather proof; they make adhesives waterproof; they strengthen plastic so that it can be used for constructing bridges!

Depending on the derivative, acrylic acids have numerous applications in diverse fields. From a baby’s diapers to a battle tank’s gun turret, they tend to be useful in practically every situation.

So what is this super substance?

Acrylic acid is basically a pungent-smelling organic compound, traditionally a by-product of petrochemicals. Rising awareness about the hazards of fossil fuels and their adverse effects on the natural environment has resulted in the development of techniques, which produce bio-acrylic acid from eco-friendly and renewable resources such as glycerol and sugar. Thanks to its diverse applications, the demand for acrylic acids is substantial, and the global consumption is projected to hit 8169 kilo tons by 2020. At $11,006.6 million in 2013, the Acrylic Acid market is projected to reach a whopping $18,824.0 million by 2020, growing at a CAGR of 7.6% during the forecast period (from 2014 to 2020).

Acrylic Acid Market Derivatives & Their Applications:

Acrylic esters: Useful in paper treatment, plastic additives, textiles, sealants, adhesives, and surface coatings.

Acrylic polymers: Widely used for coatings binders, gun turrets, bomber noses, aircraft canopies, cosmetic industry, etc.

Other derivatives: Include Ammonium Polyacrylate (in paints) and Cyanopolyacrylate (in adhesives)

Major Drivers:

Diverse Applications
Huge Demand in Global Markets

Restraints:

Limited Producers Resulting in Limited Price Bargain
Regulatory Issues

Acrylic Acid Market Segmentation:

Diapers are the current dominant application
Adhesives and sealants industry
Textiles
Surfactant industry is the fastest growing segment at a CAGR of 8.6% through forecast period (2014-2020)
Surface coating industry
Plastic additives industry
Water treatment

Geographies:

Regional markets are North America, Europe, Asia Pacific and LAMEA, with Asia Pacific being the leading market to generate the most revenue in 2013, and the trend is expected to continue through 2020. With a CAGR of 9.3%, LAMEA would be the emerging market during the forecast period (2014-2020).

Major Producers:

Dow Chemical Company
BASF SE
Arkema SA
The Lubrozol Corporation
LG Chem LTD.
Evonik Industries Ag
SIBUR
Myriant Corporation
SunVic Chemical Holdings Limited
Momentive Specialty Chemicals

View all reports related to Materials & Chemicals Industry at:
https://www.alliedmarketresearch.com/materials-&-chemicals-market-report

Akhilesh Prabhugaonkar

Author's Bio- Akhilesh Prabhugaonkar holds a bachelor’s degree in Electronics Engineering from the reputed Vishwakarma Institute of Technology. He has a special interest in the fields of forensics, world history, international relations and foreign policy, sports, agriculture, astronomy, security, and oceanography. An ardent bibliophile and melophile, Akhilesh loves to write on topics of his interest and various other societal issues. This love for writing made him enter the professional world of content writing and pursue his career in this direction.

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