Market Research Reports : Transparency
Market Research published new market report “Acrylic Acid Market (Acrylate
Esters, Glacial Acrylic Acid & Others) for Superabsorbent polymers &
Surface Coatings, Adhesives and Sealants, Textiles, Plastic Additives &
Printing Ink Applications - Global Industry Analysis, Size, Share, Growth and
Forecast, 2012 - 2018,"
which observes that the demand for acrylic acid that was over USD 13.6 billion
in 2012 is expected to increase to USD 20.0 billion by 2018, growing at a CAGR
of 6.5% from 2012 to 2018.
Browse the full report at http://www.transparencymarketresearch.com/acrylic-acid-market.html
The global
acrylic acid market has witnessed strong growth in the recent years due to
rising demand from super absorbent polymers and adhesives and sealants
industry. Increasing demand for super absorbent polymers in emerging economies
has remained the key driver for this industry. Moreover, increase in
construction and building activities in emerging economies is expected to keep
driving demand for the acrylic acid during the forecast period. Since,
propylene is a key raw material used in the manufacture of acrylic acid and any
fluctuations in the prices of propylene significantly alters the profit margins
of acrylic acid manufacturers. Volatile price of raw materials is one of the
major factors inhibiting the acrylic acid market. The global prices of
propylene reached USD 1800 per ton in 2011 and are expected to rise further due
to increase in crude oil prices and supply constraints. Moreover, stringent
regulations in North America and Europe are expected to affect market growth in
the near future.
Acrylic esters,
glacial acrylic acid, ammonium polyacrylate and cyanopolyacrylate are the key
derivatives of acrylic acid. Large volumes of acrylic acid were used for
production of acrylate esters, which accounted for over 51% of total acrylic
acid consumed in 2012. Methyl acrylate, ethyl acrylate, butyl acrylate, and
2-ethylhexyl acrylate are the key types of acrylic esters and are most widely
used in surface coatings, adhesives and sealants, textiles, plastic additives,
printing ink, etc. However, it is expected to exhibit slowest growth among all
derivatives of the acrylic acid during the forecast period.
Glacial acrylic
acid was the second largest outlet for the acrylic acid. Glacial acrylic is
mainly employed in the manufacturing of super absorbent polymers. Super
absorbent polymers are compounds of glacial acrylic acid mainly used in
disposable hygiene applications. It is used in manufacturing baby diapers and
training pants, adult diapers and feminine hygiene products. Poly acrylic acid
is another important application of glacial acrylic acid and is mainly used in
water treatment, detergent co-builder and mineral processing.
Asia Pacific
dominated the market in terms of volume as well as revenue and accounted for
over 40% of the global demand in 2012. Moreover, Asia Pacific is estimated to
be the fastest growing region over the next six years and expected to grow at a
CAGR of 6.0% from 2012 to 2018. The rapidly growing construction industry in
emerging economies such as China, South Korea and India has propelled the
growth of the acrylic acid and its derivatives market in the Asia Pacific
region. North America and Europe accounted for second and third largest share
of the global acrylic acid volume consumption in 2012.
Acrylic acid
manufacturing is a capital intensive process and is dominated by large
multinational companies. Some of the leading industry participants in this
market include BASF SE, Dow Chemical, StoHass Monomer, Rohm and Haas, Formosa
Plastics, Nikkon Shokubai, Arkema SA and so on.
Acrylic Acid: Product Segment
Analysis
- Acrylate Esters
- Acrylate Esters: By product
- Methyl acrylate
- Ethyl acrylate
- Butyl acrylate
- 2-ethylhexyl acrylate
- Acrylate Esters: By
application
- Surface Coatings
- Adhesives and sealants
- Textiles
- Plastic additives
- Printing ink
- Others (Papers, etc.)
- Glacial Acrylic Acid
o Glacial Acrylic Acid: By application
Superabsorbent
polymers (SAP)
Poly
acrylic acid
Others
Acrylic Acid: Regional Analysis
- North America
- Europe
- Asia Pacific
- Rest of the World (RoW)
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Good informative article about chemicals used in industries and a great chemical industry market research to look into.
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