Asia-Pacific to Lead Acrylic Acid Market During Forecast Period
Increasing demand for superabsorbent
polymers and extensive adoption of acrylic based products in various industries
to drive global acrylic acid market through 2024
According to a report
released at TechSci Research, “Global Acrylic Acid Market By Derivative Type, By
Application, By Region, Competition, Forecast & Opportunities, 2024” global acrylic acid market size is anticipated to reach over
$ 21 billion by 2024, exhibiting growth at a CAGR of around 5% during forecast
period. Acrylic acid is used for synthesizing acrylate esters which find
applications in various industrial processes including paper treatment, plastic
additives, textiles, among others. However, strict environmental regulations
and volatile prices of raw material may act as a challenge for the growth of
the market.
Browse market data Tables and Figures
spread through 110
Pages and an in-depth TOC on " Global Acrylic Acid Market "
https://www.techsciresearch.com/report/acrylic-acid-market/4055.html
Global acrylic acid market
has been segmented based on derivative type, application and region. In terms
of application, the market is categorized into surface coatings, adhesives
& sealants, diapers, plastic additives, water treatment, thickeners,
dispersants, among others. Surface coating is one of the major applications of
acrylic acid. This is due to the increasing demand for coating in industry
verticals such as automotive, paper and aerospace, among others. Acrylic acid
also finds application in the manufacturing of sanitary pads and diapers. Markedly,
growing lifespan and decreasing birth rates have led to rise in ageing
population across the globe which is anticipated to increase the demand for
adult diapers, consequently positively influencing the growth of the market.
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“Regionally,
global acrylic acid market has been segmented as North America, South America,
Europe, Asia-Pacific and Middle East and Africa. Among these, Asia-Pacific is anticipated
to account for the largest market share on account of increasing population in
economies such as China, India, among others and growing consumption for
acrylic acid in adhesives, surface coatings and diapers in the region.” stated Mr.
Karan Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“Global Acrylic Acid Market By Derivative
Type, By Application, By Region, Competition, Forecast & Opportunities,
2024”
has evaluated the future growth potential of global acrylic acid market and provides
statistics and information on market structure, size, share and future growth.
The report is intended to provide cutting-edge market intelligence and help
decision makers to take sound investment decision. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges and opportunities present in the global acrylic acid market.
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