Acrylic Acid Market worth $14.0 Billion by 2018

Tuesday 19 March 2013, Amsterdam

The report, defines and segments the acrylic acid and its derivatives market with analysis and forecasting of the global volume and revenue. Super absorbent polymers market is expected to grow with a CAGR of 5.2% by 2018. During the next five years, 2-Ethylhexyl esters are expected to occupy the second largest share of the market among the acrylates growing with a CAGR of 4.6% from 2013 to 2018.

Asia-Pacific: The potential market for acrylates and acrylics

In the year 2012, Asia-Pacific region was the second largest market for acrylic acid and would remain in that position till 2018. The European market was the largest consumer for acrylic acid derivatives in 2012, whereas, North American market was the largest consumer of acrylic acid in 2012. The demand trend for acrylic acid and its derivatives is expected to increase gradually in Asia-Pacific till 2018.

The developing countries in Asia-Pacific region such as, China and South Korea represent the prominent markets for acrylics. The rising disposable income levels of the individuals, growing population, and strong economic conditions support promising growth in super absorbent polymers. These conditions have attracted many global players such as BASF (Germany), Dow Chemical Company (U.S.), Nippon Shokubai (Japan), and others to venture into these markets with local production facilities. This has driven the demand for acrylic acid and its derivatives in the region significantly.

Super absorbent Polymers to gain more attention in the coming years

Due to increasing population, improving lifespan, and other demands have significantly improved the demand and growth of super absorbent polymers market. The major application of SAP is found in personal disposable hygiene products such as baby diapers, adult protective underwear, and sanitary napkins. It is also used for blocking water penetration in underground power or communications cables, horticultural water retention agents, control of spill and waste aqueous fluids, and artificial snow for motion picture and stage production. The super absorbent polymers have already started gaining a significant market share among acrylic polymers globally. Even the water treatment polymers have high potential for deep penetration rate in the developing countries. The SAP and WTP are widely preferred across the globe.

Surface coatings occupies major share among the applications of acrylic acid and its derivatives

Surface coatings are the largest application for acrylic acid and its derivatives, accounting for almost half of the overall acrylic acid and its derivatives market in 2012. Due to increasing population and improved lifestyle, the applications have significantly increased the demand for acrylic acid and its derivatives in the past few years. Many of the acrylic acid manufacturers and thereby OEM providers are shifting their focus towards developing regions. This would help the acrylic acid and its derivatives market to grow in developing countries. On the contrary, the demand for plastic additives is growing on a long run and hence the demand for co-monomers would grow at a slower rate.

The report covers acrylic acid and its derivatives market in terms of volume (kilo tons) and revenue ($million) across regions such as Asia-Pacific, Europe, North America, and ROW along with the countries with major markets in each region. The report explains qualitative and quantitative aspects of different acrylic esters such as methyl acrylate, ethyl acrylate, butyl acrylate, 2-ethylhexyl acrylate, and others. The report also explains qualitative and quantitative aspects of different acrylic polymers such as elastomers, super absorbent polymers, and water treatment polymers. The report briefly explains the demand for the acrylic acid and its derivatives market by application type and geography. It also explains trends in its demand from year 2011 to 2018. However, the scope of the report is limited to analysis, estimations, and forecast about acrylic acid and its derivatives based on their derivatives, application, and geography.

The report also includes an analysis of the value chain, Porters five forces analysis, and the competitive landscape. The market has been identified with major players as BASF (Germany), Dow Chemical Company (U.S.), Arkema (France), Nippon Shokubai (Japan); additionally, 25 key players of this market have been profiled.