Acrylic Acid Market Analysis from 2022 to 2034 Containing Market Size, Share along with its CAGR, Forecast and Trends

Top Countries — Revenue

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Acrylic Acid Market Analysis — Presence

Geographical Analysis

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Regional and Country Analysis

Region / Country 2021 (A)2025 (A)2033 (P) CAGR
Globalxxxxxxxxxxxx3.5%
North Americaxxxxxxxxxxxx1.7%
Europexxxxxxxxxxxx2%
Asia Pacificxxxxxxxxxxxx5.5%
South Americaxxxxxxxxxxxx2.9%
Middle Eastxxxxxxxxxxxx3.2%

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Segmentation Analysis


Market size by (Illustrative, 2025)
Share distribution (2025)

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Competitor Analysis

Competitive Landscape of the Acrylic Acid market

The competitive landscape of the Acrylic Acid market is characterized by intense rivalry among key players striving to establish a strong market presence. Leading companies in the market are engaged in strategic initiatives, including mergers, acquisitions, and partnerships, to enhance their product portfolios and expand their global reach.

Acrylic Acid Industry News

April 2022: Wanhua announced that the company will spend USD 3.6 billion to build a chemical complex in China by 2024. This complex will also make propylene oxide, polyether polyols, acrylic acid, polypropylene, and others.

Source-www.mrchub.com/news/401489-wanhua-to-start-up-new-petrochemical-complex-in-china-worth-usd-3.6-bln-by-2024

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Top Companies (In no particular order)2022 (A)2023 (A)2024 (A)2025 (A)
BASF SE••• ••• ••• •••
Dow Chemical••• ••• ••• •••
Lucite International••• ••• ••• •••
LG Chem••• ••• ••• •••
Mitsubishi Chemical Corporation••• ••• ••• •••
Cargill••• ••• ••• •••
Incorporated••• ••• ••• •••
Nippon Shokubai Co. Ltd.••• ••• ••• •••
SNP Inc.••• ••• ••• •••
The Lubrizol Corporation••• ••• ••• •••
Formosa Plastic Corporation••• ••• ••• •••
Arkema S.A.••• ••• ••• •••
Ashland••• ••• ••• •••
Kemira Oyi••• ••• ••• •••

We Provide Regional Breakdown of this Companies and Company specific to any Country, Region, Product/ service as well. We cover market share analysis for publicly listed companies as well as privately held companies, subject to data availability.

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Report Scope & Analysis

According to Cognitive Market Research, the global Acrylic Acid market size is USD 11251.2 million in 2023 and will expand at a compound annual growth rate (CAGR) of 3.50% from 2023 to 2030.

  • North America held the major market of more than 40% of the global revenue with a market size of USD 4500.48 million in 2023 and will grow at a compound annual growth rate (CAGR) of 1.7% from 2023 to 2030
  • Europe market of more than 30% of the global revenue with a market size of USD 3375.36 million in 2023 and will grow at a compound annual growth rate (CAGR) of 2.0% from 2023 to 2030.
  • Asia-Pacific emerges as the fastest-growing market of more than 23% of the global revenue with a market size of USD 2587.78 million in 2023 and will grow at a compound annual growth rate (CAGR) of 5.5% from 2023 to 2030
  • Latin America market of more than 5% of the global revenue with a market size of USD 562.56 million in 2023 and will grow at a compound annual growth rate (CAGR) of 2.9% from 2023 to 2030
  • Middle East and Africa market of more than 2.00% of the global revenue with a market size of USD 225.02 million in 2023 and will grow at a compound annual growth rate (CAGR) of 3.2% from 2023 to 2030

What is Acrylic Acid?

Acrylic Acid is a colourless liquid with a strong, pungent odor. It is an organic compound that serves as a crucial building block for various chemical products. Acrylic Acid is commonly used in the production of superabsorbent polymers, coatings, adhesives, sealants, and textiles. Its versatile nature makes it valuable in a range of industries, including automotive, construction, textiles, and personal care products. Growth is fueled by the growing demand in superabsorbent polymers (SAP) and expanding applications in coatings and adhesives.

In August 2021, BASF and SINOPEC decided to expand their Verbund site operated by BASF-YPC Co. Ltd, a 50-50 joint venture of both companies in Nanjing, China. It includes the capacity expansion of several downstream chemical plants, including a new tert-Butyl acrylate plant to support the growing Chinese market.

Source-www.basf.com/in/en/media/news-releases/asia-pacific/2022/04/basf-and-sinopec-break-ground-for-the-expansion-of-the-joint-ver.html

Analyst Conclusion

Authors Say's

  • The global Acrylic Acid market will expand significantly by 3.50% CAGR between 2023 and 2030.
  • The demand for Acrylic Acids is rising due to the growing demand in superabsorbent polymers (SAP) and expanding applications in coatings and adhesives.
  • Demand for SAP remains higher in the Acrylic Acid market.
  • North American Acrylic Acid will continue to lead, whereas the Asia-Pacific Acrylic Acid market will experience the most substantial growth until 2030.

Chidanand Bilagi
Chidanand Bilagi Verified Analyst
Senior Research Associate at Cognitive Market Research · Cognitive Market Research
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Frequently Asked Questions

Acrylic Acid Market Analysis market size and growth rate is provided in the report covering 2021-2025 historical and 2025-2033 forecast data.
Major factors including drivers, restraints, opportunities and challenges are analyzed with detailed insights.
Top manufacturers BASF SE, Dow Chemical, Lucite International, LG Chem, Mitsubishi Chemical Corporation, Cargill, Incorporated, Nippon Shokubai Co. Ltd., SNP Inc., The Lubrizol Corporation, Formosa Plastic Corporation, Arkema S.A., Ashland, Kemira Oyi and others are profiled in the report.
Segments include Derivative, Polymer Application and additional sub-segments.
Regional analysis covers all major markets. The report identifies the dominant region and provides country-level data.
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Acrylic Acid Market Analysis — Table of Contents

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Derivative Methyl, Ethyl, Butyl, 2-EH, SAP, Water Treatment
Polymer Application Surface coating, Adhesive & Sealant, Plastic additive, Textile, Detergent Diaper & Training
List of Competitors BASF SE, Dow Chemical, Lucite International, LG Chem, Mitsubishi Chemical Corporation, Cargill, Incorporated, Nippon Shokubai Co. Ltd., SNP Inc., The Lubrizol Corporation, Formosa Plastic Corporation, Arkema S.A., Ashland, Kemira Oyi

  • 1.1 Top Competitors Analysis

    • (Subject to Data Availability (Private Players))

      1.1.1 Global Acrylic Acid Market Analysis by Key Players
    • 1.1.2 Top Players Ranking 2024
    • 1.1.3 New Product Launch Analysis
    • 1.1.4 Industry Mergers and Acquisition Analysis
  • 1.2 Company Profile (Data Subject to Availability) Sample Format

    • Data Subject to Availability as we consider Top competitors and their market share will be delivered.

      1.2.1 BASF SE
      • 1.2.1.1 Company Basic Information, Manufacturing Base, Sales Area, and Competitors
      • 1.2.1.2 Business Overview
      • 1.2.1.3 Financials (Subject to data availability)
      • 1.2.1.4 R&D Investment (Subject to data availability)
      • 1.2.1.5 Product Types Specification
      • 1.2.1.6 Business Strategy
      • 1.2.1.7 Recent Developments
      • 1.2.1.8 Management Change
      • 1.2.1.9 S.W.O.T Analysis

    • Data Subject to Availability as we consider Top competitors and their market share will be delivered.

      1.2.2 Dow Chemical
      • 1.2.2.1 Company Basic Information, Manufacturing Base, Sales Area, and Competitors
      • 1.2.2.2 Business Overview
      • 1.2.2.3 Financials (Subject to data availability)
      • 1.2.2.4 R&D Investment (Subject to data availability)
      • 1.2.2.5 Product Types Specification
      • 1.2.2.6 Business Strategy
      • 1.2.2.7 Recent Developments
      • 1.2.2.8 Management Change
      • 1.2.2.9 S.W.O.T Analysis

    • Data Subject to Availability as we consider Top competitors and their market share will be delivered.

      1.2.3 Lucite International
      • 1.2.3.1 Company Basic Information, Manufacturing Base, Sales Area, and Competitors
      • 1.2.3.2 Business Overview
      • 1.2.3.3 Financials (Subject to data availability)
      • 1.2.3.4 R&D Investment (Subject to data availability)
      • 1.2.3.5 Product Types Specification
      • 1.2.3.6 Business Strategy
      • 1.2.3.7 Recent Developments
      • 1.2.3.8 Management Change
      • 1.2.3.9 S.W.O.T Analysis

    • Data Subject to Availability as we consider Top competitors and their market share will be delivered.

      1.2.4 LG Chem
      • 1.2.4.1 Company Basic Information, Manufacturing Base, Sales Area, and Competitors
      • 1.2.4.2 Business Overview
      • 1.2.4.3 Financials (Subject to data availability)
      • 1.2.4.4 R&D Investment (Subject to data availability)
      • 1.2.4.5 Product Types Specification
      • 1.2.4.6 Business Strategy
      • 1.2.4.7 Recent Developments
      • 1.2.4.8 Management Change
      • 1.2.4.9 S.W.O.T Analysis

    • Data Subject to Availability as we consider Top competitors and their market share will be delivered.

      1.2.5 Mitsubishi Chemical Corporation
      • 1.2.5.1 Company Basic Information, Manufacturing Base, Sales Area, and Competitors
      • 1.2.5.2 Business Overview
      • 1.2.5.3 Financials (Subject to data availability)
      • 1.2.5.4 R&D Investment (Subject to data availability)
      • 1.2.5.5 Product Types Specification
      • 1.2.5.6 Business Strategy
      • 1.2.5.7 Recent Developments
      • 1.2.5.8 Management Change
      • 1.2.5.9 S.W.O.T Analysis

    • Data Subject to Availability as we consider Top competitors and their market share will be delivered.

      1.2.6 Cargill
      • 1.2.6.1 Company Basic Information, Manufacturing Base, Sales Area, and Competitors
      • 1.2.6.2 Business Overview
      • 1.2.6.3 Financials (Subject to data availability)
      • 1.2.6.4 R&D Investment (Subject to data availability)
      • 1.2.6.5 Product Types Specification
      • 1.2.6.6 Business Strategy
      • 1.2.6.7 Recent Developments
      • 1.2.6.8 Management Change
      • 1.2.6.9 S.W.O.T Analysis

    • Data Subject to Availability as we consider Top competitors and their market share will be delivered.

      1.2.7 Incorporated
      • 1.2.7.1 Company Basic Information, Manufacturing Base, Sales Area, and Competitors
      • 1.2.7.2 Business Overview
      • 1.2.7.3 Financials (Subject to data availability)
      • 1.2.7.4 R&D Investment (Subject to data availability)
      • 1.2.7.5 Product Types Specification
      • 1.2.7.6 Business Strategy
      • 1.2.7.7 Recent Developments
      • 1.2.7.8 Management Change
      • 1.2.7.9 S.W.O.T Analysis

    • Data Subject to Availability as we consider Top competitors and their market share will be delivered.

      1.2.8 Nippon Shokubai Co. Ltd.
      • 1.2.8.1 Company Basic Information, Manufacturing Base, Sales Area, and Competitors
      • 1.2.8.2 Business Overview
      • 1.2.8.3 Financials (Subject to data availability)
      • 1.2.8.4 R&D Investment (Subject to data availability)
      • 1.2.8.5 Product Types Specification
      • 1.2.8.6 Business Strategy
      • 1.2.8.7 Recent Developments
      • 1.2.8.8 Management Change
      • 1.2.8.9 S.W.O.T Analysis

    • Data Subject to Availability as we consider Top competitors and their market share will be delivered.

      1.2.9 SNP Inc.
      • 1.2.9.1 Company Basic Information, Manufacturing Base, Sales Area, and Competitors
      • 1.2.9.2 Business Overview
      • 1.2.9.3 Financials (Subject to data availability)
      • 1.2.9.4 R&D Investment (Subject to data availability)
      • 1.2.9.5 Product Types Specification
      • 1.2.9.6 Business Strategy
      • 1.2.9.7 Recent Developments
      • 1.2.9.8 Management Change
      • 1.2.9.9 S.W.O.T Analysis

    • Data Subject to Availability as we consider Top competitors and their market share will be delivered.

      1.2.10 The Lubrizol Corporation
      • 1.2.10.1 Company Basic Information, Manufacturing Base, Sales Area, and Competitors
      • 1.2.10.2 Business Overview
      • 1.2.10.3 Financials (Subject to data availability)
      • 1.2.10.4 R&D Investment (Subject to data availability)
      • 1.2.10.5 Product Types Specification
      • 1.2.10.6 Business Strategy
      • 1.2.10.7 Recent Developments
      • 1.2.10.8 Management Change
      • 1.2.10.9 S.W.O.T Analysis

    • Data Subject to Availability as we consider Top competitors and their market share will be delivered.

      1.2.11 Formosa Plastic Corporation
      • 1.2.11.1 Company Basic Information, Manufacturing Base, Sales Area, and Competitors
      • 1.2.11.2 Business Overview
      • 1.2.11.3 Financials (Subject to data availability)
      • 1.2.11.4 R&D Investment (Subject to data availability)
      • 1.2.11.5 Product Types Specification
      • 1.2.11.6 Business Strategy
      • 1.2.11.7 Recent Developments
      • 1.2.11.8 Management Change
      • 1.2.11.9 S.W.O.T Analysis

    • Data Subject to Availability as we consider Top competitors and their market share will be delivered.

      1.2.12 Arkema S.A.
      • 1.2.12.1 Company Basic Information, Manufacturing Base, Sales Area, and Competitors
      • 1.2.12.2 Business Overview
      • 1.2.12.3 Financials (Subject to data availability)
      • 1.2.12.4 R&D Investment (Subject to data availability)
      • 1.2.12.5 Product Types Specification
      • 1.2.12.6 Business Strategy
      • 1.2.12.7 Recent Developments
      • 1.2.12.8 Management Change
      • 1.2.12.9 S.W.O.T Analysis

    • Data Subject to Availability as we consider Top competitors and their market share will be delivered.

      1.2.13 Ashland
      • 1.2.13.1 Company Basic Information, Manufacturing Base, Sales Area, and Competitors
      • 1.2.13.2 Business Overview
      • 1.2.13.3 Financials (Subject to data availability)
      • 1.2.13.4 R&D Investment (Subject to data availability)
      • 1.2.13.5 Product Types Specification
      • 1.2.13.6 Business Strategy
      • 1.2.13.7 Recent Developments
      • 1.2.13.8 Management Change
      • 1.2.13.9 S.W.O.T Analysis

    • Data Subject to Availability as we consider Top competitors and their market share will be delivered.

      1.2.14 Kemira Oyi
      • 1.2.14.1 Company Basic Information, Manufacturing Base, Sales Area, and Competitors
      • 1.2.14.2 Business Overview
      • 1.2.14.3 Financials (Subject to data availability)
      • 1.2.14.4 R&D Investment (Subject to data availability)
      • 1.2.14.5 Product Types Specification
      • 1.2.14.6 Business Strategy
      • 1.2.14.7 Recent Developments
      • 1.2.14.8 Management Change
      • 1.2.14.9 S.W.O.T Analysis

  • 2.1 Global Acrylic Acid Market Analysis
  • 2.2 Global Acrylic Acid Market Analysis by Region
  • 2.3 Global Acrylic Acid Market Analysis by Derivative
  • 2.4 Global Acrylic Acid Market Analysis by Polymer Application
  • 2.5 Global Acrylic Acid Market Analysis by Key Players

  • 3.1 North America Acrylic Acid Market Analysis
  • 3.2 North America Acrylic Acid Market Analysis by Country
  • 3.3 North America Acrylic Acid Market Analysis by Derivative
  • 3.4 North America Acrylic Acid Market Analysis by Polymer Application
  • 3.5 North America Acrylic Acid Market Analysis by Key Players

  • 4.1 Europe Acrylic Acid Market Analysis
  • 4.2 Europe Acrylic Acid Market Analysis by Country
  • 4.3 Europe Acrylic Acid Market Analysis by Derivative
  • 4.4 Europe Acrylic Acid Market Analysis by Polymer Application
  • 4.5 Europe Acrylic Acid Market Analysis by Key Players

  • 5.1 Asia Pacific Acrylic Acid Market Analysis
  • 5.2 Asia Pacific Acrylic Acid Market Analysis by Country
  • 5.3 Asia Pacific Acrylic Acid Market Analysis by Derivative
  • 5.4 Asia Pacific Acrylic Acid Market Analysis by Polymer Application
  • 5.5 Asia Pacific Acrylic Acid Market Analysis by Key Players

  • 6.1 South America Acrylic Acid Market Analysis
  • 6.2 South America Acrylic Acid Market Analysis by Country
  • 6.3 South America Acrylic Acid Market Analysis by Derivative
  • 6.4 South America Acrylic Acid Market Analysis by Polymer Application
  • 6.5 South America Acrylic Acid Market Analysis by Key Players

  • 7.1 Middle East Acrylic Acid Market Analysis
  • 7.2 Middle East Acrylic Acid Market Analysis by Country
  • 7.3 Middle East Acrylic Acid Market Analysis by Derivative
  • 7.4 Middle East Acrylic Acid Market Analysis by Polymer Application
  • 7.5 Middle East Acrylic Acid Market Analysis by Key Players

  • 8.1 Africa Acrylic Acid Market Analysis
  • 8.2 Africa Acrylic Acid Market Analysis by Country
  • 8.3 Africa Acrylic Acid Market Analysis by Derivative
  • 8.4 Africa Acrylic Acid Market Analysis by Polymer Application
  • 8.5 Africa Acrylic Acid Market Analysis by Key Players

  • 9.1 Methyl
    • 9.1.1 Global Methyl Market
    • 9.1.2 Global Methyl Market by Region
  • 9.2 Ethyl
    • 9.2.1 Global Ethyl Market
    • 9.2.2 Global Ethyl Market by Region
  • 9.3 Butyl
    • 9.3.1 Global Butyl Market
    • 9.3.2 Global Butyl Market by Region
  • 9.4 2-EH
    • 9.4.1 Global 2-EH Market
    • 9.4.2 Global 2-EH Market by Region
  • 9.5 SAP
    • 9.5.1 Global SAP Market
    • 9.5.2 Global SAP Market by Region
  • 9.6 Water Treatment
    • 9.6.1 Global Water Treatment Market
    • 9.6.2 Global Water Treatment Market by Region

  • 10.1 Surface coating
    • 10.1.1 Global Surface coating Market
    • 10.1.2 Global Surface coating Market by Region
  • 10.2 Adhesive & Sealant
    • 10.2.1 Global Adhesive & Sealant Market
    • 10.2.2 Global Adhesive & Sealant Market by Region
  • 10.3 Plastic additive
    • 10.3.1 Global Plastic additive Market
    • 10.3.2 Global Plastic additive Market by Region
  • 10.4 Textile
    • 10.4.1 Global Textile Market
    • 10.4.2 Global Textile Market by Region
  • 10.5 Detergent Diaper & Training
    • 10.5.1 Global Detergent Diaper & Training Market
    • 10.5.2 Global Detergent Diaper & Training Market by Region

  • 11.1 Market Drivers
  • 11.2 Market Restraints
  • 11.3 Market Trends
  • 11.4 Market Opportunity
  • 11.5 Technological Road Map (Subject to Data Availability)
  • 11.6 Product Life Cycle (Subject to Data Availability)
  • 11.7 Customer and Buyer Behavior Analysis
    • 11.7.1 Consumer Demographics and Target Audience Assessment
    • 11.7.2 Digital Engagement, Customer Experience & Relationship Analysis
    • 11.7.3 Customer Buying Behavior & Purchase Decision Analysis
    • 11.7.4 Vendor Selection, Supplier Preferences & Future Demand Trends
    • 11.7.5 Pricing, Affordability & Value Perception Analysis
    • 11.7.6 Customer Segmentation & Demand Pattern Analysis
  • 11.8 PESTEL Analysis
    • 11.8.1 Political Factors
    • 11.8.2 Economic Factors
    • 11.8.3 Social Factors
    • 11.8.4 Technological Factors
    • 11.8.5 Legal Factors
    • 11.8.6 Environmental Factors
  • 11.9 Industrial Chain Analysis (Subject to Data Availability)
    • 11.9.1 Industry Chain Analysis
    • 11.9.2 Manufacturing Cost Analysis
    • 11.9.3 Supply Side Analysis
      • 11.9.3.1 Raw Material Analysis
      • 11.9.3.2 Raw Material Procurement Analysis
      • 11.9.3.3 Raw Material Price Trend Analysis
  • 11.10 Porter’s Five Forces Analysis
    • 11.10.1 Bargaining Power of Suppliers
    • 11.10.2 Bargaining Power of Buyers
    • 11.10.3 Threat of New Entrants
    • 11.10.4 Threat of Substitutes
    • 11.10.5 Degree of Competition
  • 11.11 Patent Analysis (Subject to Data Availability)
  • 11.12 ESG Analysis
  • 11.13 Geopolitical Outlook
    • 11.13.1 Global Power Realignment & Strategic Alliances
    • 11.13.2 Geopolitical Risk Landscape & Conflict Hotspots
    • 11.13.3 International Trade Relations & Market Access Environment
    • 11.13.4 Regulatory & Policy Shifts Impacting Cross-Border Operations
    • 11.13.5 Supply Chain Resilience, Localization & Resource Nationalism
    • 11.13.6 Technology Sovereignty & Digital Geopolitics
    • 11.13.7 Strategic Implications for Investment, Growth & Market Entry

  • This chapter isn't just about technology; it’s about certainty. We show you how AI is being used in leading industries so you can apply those same 'High-Speed' and 'High-Accuracy' principles to your own market strategy

    11.14 AI & Market Transformation
    • 11.14.1 Competitive Landscape Disruption & Strategic Shifts
    • 11.14.2 AI-Driven Transformation of Industry Value Chain
    • 11.14.3 Evolution of Business Models & Revenue Streams
    • 11.14.4 AI-Driven Product, Service & Innovation Transformation
    • 11.14.5 Customer Behavior, AI Adoption & Future Market Evolution

  • 12.1 Country 1
    • 12.2 Country 2
    • 12.3 Country 3
    • 12.4 Country 4
    • 12.5 Country 5
    • 12.6 Country 6
    • 12.7 Country 7
    • 12.8 Country 8
    • 12.9 Country 9
    • 12.10 Country 10

    • 13.1 Key Takeaways

    • Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.

      13.2 Analyst Point of View
    • 13.3 Assumptions and Acronyms

    • 14.1 Primary Data Collection
      • 14.1.1 Steps for Primary Data Collection
        • 14.1.1.1 Identification of KOL
      • 14.1.2 Backward Integration
      • 14.1.3 Forward Integration
      • 14.1.4 How Primary Research Help Us
      • 14.1.5 Modes of Primary Research
    • 14.2 Secondary Research
      • 14.2.1 How Secondary Research Help Us
      • 14.2.2 Sources of Secondary Research
    • 14.3 Data Validation
      • 14.3.1 Data Triangulation
    • 14.4 Data Representation

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    Research Framework · 70:30 Primary:Secondary

    Our Proprietary Methodology

    Cognitive Market Research and Consulting "The Full Truth" methodology — a rigorous triangulation process that combines primary research, secondary validation, and expert calibration. Implemented by Chidanand Bilagi and team for the Acrylic Acid Market Analysis Market analysis.

    01

    Primary Intelligence Gathering

    Direct interviews with 50+ industry stakeholders including manufacturers, distributors, end-users, and regulatory bodies across all six regions.

    02

    Secondary Data Triangulation

    Cross-referencing against trade databases, customs records, financial filings, patent databases, and verified industry publications.

    03

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    04

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    05

    Editorial & QA Review

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    Data Assurance Metrics
    Data Points Validated 10,400+
    Expert Interviews 54
    Countries Covered 39+
    Company Profiles 14+
    Forecast Accuracy (Historical) 94.2%
    Report Pages 250+
    Analytical Coverage
    Market Sizing Revenue Forecast CAGR Analysis Competitor Benchmarking SWOT Porter's Analysis PESTEL Value Chain ESG Analysis Tariff Impact Patent Mapping Tech Trends

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