Global Acrylic Acid
Market Report
2025
Acrylic Acid market size was USD 11251.2 million in 2023 and will expand at a compound annual growth rate (CAGR) of 3.50% from 2023 to 2030.
The base year for the calculation is 2024 and 2021 to 2024 will be historical period. The year 2025 will be estimated one while the forecasted data will be from year 2025 to 2033. When we deliver the report that time we updated report data till the purchase date.
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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.
2019 | 2024 | 2025 | 2032 | 2033 | CAGR | |
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Global Acrylic Acid Market Sales Revenue | 121212 | 121212 | 121212 | 121212 | 121212 | 3.5% |
North America Acrylic Acid Market Sales Revenue | 121212 | 121212 | 121212 | 121212 | 121212 | 1.7% |
Europe Acrylic Acid Market Sales Revenue | 121212 | 121212 | 121212 | 121212 | 121212 | 2% |
Asia Pacific Acrylic Acid Market Sales Revenue | 121212 | 121212 | 121212 | 121212 | 121212 | 5.5% |
South America Acrylic Acid Market Sales Revenue | 121212 | 121212 | 121212 | 121212 | 121212 | 2.9% |
Middle East and Africa Acrylic Acid Market Sales Revenue | 121212 | 121212 | 121212 | 121212 | 121212 | 3.2% |
Base Year | 2024 |
Historical Data Time Period | 2021-2024 |
Forecast Period | 2025-2033 |
Market Split by Derivative |
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Market Split by Polymer Application |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Acrylic Acid Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
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.
The Acrylic Acid market is propelled by the increasing demand for Superabsorbent Polymers (SAP). Acrylic Acid serves as a crucial precursor in the production of SAP, which finds extensive applications in the manufacturing of diapers, adult incontinence products, and other absorbent hygiene items. The rising global population, coupled with a heightened awareness of personal hygiene, particularly in emerging markets, contributes significantly to the growing demand for SAP, thereby driving the consumption of Acrylic Acid.
In October 2020, Arkema successfully started its new 90,000-ton acrylic acid reactor at its Clear Lake site in Texas to attract consumers from paints, super-absorbents, water treatment, and adhesives markets in North America.
Source-www.arkema.com/global/en/media/newslist/news/global/corporate/2019/20191021-arkema-demarre-so/
An essential driver for the Acrylic Acid market is its expanding applications in coatings and adhesives. Acrylic Acid and its derivatives, including acrylic esters, play a vital role in the formulation of high-performance coatings and adhesives. The robust growth in construction and automotive sectors, where acrylic-based coatings and adhesives are widely used due to their durability and weather resistance, fuels the demand for Acrylic Acid. As infrastructure development projects surge globally, the market witnesses a heightened need for these versatile compounds, driving the growth of the Acrylic Acid market.
In August 2018, BASF PETRONAS Chemicals announced the expansion of the production capacities of its acrylic acid and butyl acrylate plants in Kuantan, Malaysia.
The Acrylic Acid market faces a key restraint in the form of volatility in raw material prices. Acrylic Acid is primarily produced through the oxidation of propylene, and fluctuations in propylene prices directly impact the production costs of Acrylic Acid. The market is highly sensitive to changes in feedstock prices, which can create uncertainties for manufacturers in terms of planning and pricing strategies. The dependence on petrochemical feedstock makes the Acrylic Acid market susceptible to market dynamics affecting the broader oil and gas industry, posing challenges in maintaining cost stability.
The Acrylic Acid market, like many industries, faced disruptions and challenges due to the COVID-19 pandemic. The pandemic led to widespread economic uncertainties, supply chain disruptions, and a slowdown in industrial activities, impacting the demand for Acrylic Acid. Construction and automotive sectors, major consumers of Acrylic Acid in coatings, adhesives, and sealants, experienced slowdowns as lockdowns and restrictions were imposed globally. Moreover, the decline in consumer spending during the pandemic affected the production of non-essential goods, further impacting Acrylic Acid demand. Supply chain interruptions, particularly in the procurement of raw materials and transportation, added to the challenges faced by market players. As global economies gradually recover and vaccination efforts progress, the Acrylic Acid market is poised for rebound, but the lingering effects of the pandemic underscore the importance of adaptability and resilience in the industry.
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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.
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.
Top Companies Market Share in Acrylic Acid Industry: (In no particular order of Rank)
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According to Cognitive Market Research, North America emerges as the largest region in the Acrylic Acid market, commanding an impressive 40% market share in 2023. North America establishes dominance in the Acrylic Acid market due to a convergence of strategic factors. The region boasts a robust industrial and chemical manufacturing sector, particularly in the United States, contributing significantly to the global production of acrylic acid. North America's advanced research and development capabilities, coupled with a well-established regulatory framework, ensure high-quality production and adherence to safety standards. The presence of major multinational chemical companies further strengthens the region's leadership. Additionally, North America's diverse applications of acrylic acid in sectors such as adhesives, coatings, and superabsorbent polymers contribute to its dominance. With a focus on innovation, sustainability, and a mature market infrastructure, North America continues to shape the trajectory of the global Acrylic Acid market, reinforcing its dominant role in the industry.
Asia-Pacific emerges as the fastest-growing region in the Acrylic Acid market, boasting a remarkable 23% market share in 2023. Asia Pacific emerges as the fastest-growing region in the Acrylic Acid market, propelled by dynamic factors shaping industrial and economic growth. Rapid urbanization and infrastructural development, particularly in countries like China and India, contribute to a soaring demand for acrylic acid in construction, adhesives, and coatings. Asia Pacific benefits from a burgeoning manufacturing sector, cost-effective production capabilities, and a surge in disposable incomes driving increased consumer spending on products containing acrylic acid. Moreover, the region's focus on sustainability and environmental regulations fosters the adoption of eco-friendly alternatives, including acrylic acid-based products. Strategic investments in research and development, coupled with a growing emphasis on innovation, position Asia Pacific as a key hub for the production and application of acrylic acid, making it a pivotal and swiftly advancing player in the global Acrylic Acid market.
The current report Scope analyzes Acrylic Acid Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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As per the current market study, out of xxxx Million USD global market revenue 2025, North America market holds xx% of the market share. The North America Acrylic Acid industry grew from xxxx Million USD in 2021 to xxxx Million USD in 2025 and will record xx% growth. In coming future this industry will reach xxxx Million by 2033 with a xx% CAGR.
According to Cognitive Market Research, the global Acrylic Acid market size was estimated at USD 11251.2 Million out of which 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. The regional overview highlights North America's robust industrial base, advanced technological capabilities, and substantial consumption of Acrylic Acid derivatives. In regional analysis, the United States stands out as a key contributor, particularly in applications such as surface coatings and adhesives. The segmentation analysis reveals diverse applications, with a significant presence in the textile and detergent industries. In conclusion, North America's dominant position is a testament to its industrial prowess, technological advancements, and diverse applications, solidifying its leadership role in shaping the trajectory of the Acrylic Acid market on a global scale.
As per the current market study, out of xxxx Million USD global market revenue 2025, Europe market holds xx% of the market share. The Europe Acrylic Acid industry grew from xxxx Million USD in 2021 to xxxx Million USD in 2025 and will record xx% growth. In coming future this industry will reach xxxx Million by 2033 with a xx% CAGR.
According to Cognitive Market Research, the global Acrylic Acid market size was estimated at USD 11251.2 Million out of which 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. The regional overview highlights Europe's advanced industrial infrastructure, technological innovation, and a well-established market for Acrylic Acid derivatives. In regional analysis, countries like Germany and France emerge as key contributors, particularly in applications such as surface coatings and plastic additives. The segmentation analysis underscores diverse applications, with a notable presence in the detergent and textile sectors. In conclusion, Europe's substantial market share signifies its pivotal role in the global Acrylic Acid market, supported by technological advancements and diverse applications, positioning the region as a key influencer in shaping industry trends.
As per the current market study, out of xxxx Million USD global market revenue 2025, Asia Pacific market holds xx% of the market share. The Asia Pacific Acrylic Acid industry grew from xxxx Million USD in 2021 to xxxx Million USD in 2025 and will record xx% growth. In coming future this industry will reach xxxx Million by 2033 with a xx% CAGR.
According to Cognitive Market Research, the global Acrylic Acid market size was estimated at USD 11251.2 Million out of which 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. The regional overview underscores Asia-Pacific's dynamic economic landscape, rapid industrialization, and burgeoning population, contributing to the escalating demand for Acrylic Acid derivatives. In the regional analysis, countries like China and India play pivotal roles, with increasing applications in the textile and plastic additive segments. The segmentation analysis showcases a diverse range of applications, reflecting the region's multifaceted industrial growth. In conclusion, Asia-Pacific's outstanding growth in the Acrylic Acid market signifies its pivotal role in steering global market dynamics, driven by robust industrial activities and evolving applications across various sectors.
As per the current market study, out of xxxx Million USD global market revenue 2025, South America market holds xx% of the market share. The South America Acrylic Acid industry grew from xxxx Million USD in 2021 to xxxx Million USD in 2025 and will record xx% growth. In coming future this industry will reach xxxx Million by 2033 with a xx% CAGR.
According to Cognitive Market Research, the global Acrylic Acid market size was estimated at USD 11251.2 Million out of which 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. The regional overview highlights Latin America's evolving economic landscape, marked by increased industrialization and a growing demand for Acrylic Acid derivatives. In regional analysis, countries like Brazil and Mexico contribute significantly, with applications expanding in the adhesive and sealant segment. The segmentation analysis reveals diverse applications, including surface coatings and plastic additives. Despite a relatively modest market share, Latin America's presence in the Acrylic Acid market signifies untapped potential, driven by emerging market dynamics and the rising demand for chemical compounds. In conclusion, Latin America's market presence positions it as a noteworthy player in the evolving global Acrylic Acid market.
As per the current market study, out of xxxx Million USD global market revenue 2025, Middle East and Africa market holds xx% of the market share. The Middle East and Africa Acrylic Acid industry grew from xxxx Million USD in 2021 to xxxx Million USD in 2025 and will record xx% growth. In coming future this industry will reach xxxx Million by 2033 with a xx% CAGR.
According to Cognitive Market Research, the global Acrylic Acid market size was estimated at USD 11251.2 Million out of which 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. The regional overview highlights the region's expanding industrial landscape and the growing significance of Acrylic Acid derivatives. In regional analysis, countries like Saudi Arabia and South Africa contribute significantly, with applications gaining traction in water treatment and detergent segments. The segmentation analysis emphasizes diverse applications, indicating the versatility of Acrylic Acid in various industries. Despite a modest market share, the Middle East and Africa's presence in the Acrylic Acid market signifies emerging opportunities and potential for growth, reflecting the region's increasing relevance in the broader chemical compound landscape.
Global Acrylic Acid Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Acrylic Acid Industry growth. Acrylic Acid market has been segmented with the help of its Derivative, Polymer Application , and others. Acrylic Acid market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
According to Cognitive Market Research, the dominant derivative in the Acrylic Acid market is Superabsorbent Polymers (SAP). SAP, a high-performance derivative of Acrylic Acid, holds a significant market share due to its extensive applications in absorbent hygiene products such as diapers, adult incontinence items, and feminine care products. The superior water-absorbing properties of SAP make it indispensable in the hygiene industry, contributing to the dominant position of this category. The increasing global demand for hygiene products, driven by a growing population and heightened awareness of personal care, solidifies SAP as the leading derivative in the Acrylic Acid market.
The fastest-growing category in the Acrylic Acid market is Water Treatment. Acrylic Acid derivatives, particularly those used in water treatment applications, experience notable growth due to the increasing emphasis on environmental sustainability and water quality management. Acrylic Acid derivatives find applications in water treatment agents, where their properties contribute to effective disinfection and microbial control. As industries and municipalities prioritize cleaner water management practices, the demand for Acrylic Acid derivatives in water treatment exhibits rapid growth, positioning this category as the fastest-growing segment in response to global concerns about water safety and environmental stewardship.
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According to Cognitive Market Research, the dominant polymer application in the Acrylic Acid market is Surface Coating. Acrylic Acid polymers play a pivotal role in the formulation of high-performance coatings for various surfaces. The versatility of Acrylic Acid in surface coating applications lies in its ability to provide durable and weather-resistant finishes, making it a preferred choice in industries such as automotive, construction, and general manufacturing. The demand for aesthetically pleasing and protective coatings in these sectors cements the dominance of Surface Coating as a leading application for Acrylic Acid polymers, contributing significantly to the overall market share.
The fastest-growing polymer application in the Acrylic Acid market is Adhesive & Sealant. Acrylic Acid polymers find increasing use in the formulation of adhesives and sealants due to their excellent bonding and sealing properties. The growth of this category is fuelled by expanding construction and automotive industries, where Acrylic Acid-based adhesives and sealants are preferred for their strong adhesion, durability, and versatility. As the demand for efficient bonding solutions rises across diverse applications, the Adhesive & Sealant category emerges as the fastest-growing segment, reflecting the adaptability and increasing relevance of Acrylic Acid polymers in addressing evolving market needs.
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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 |
This chapter will help you gain GLOBAL Market Analysis of Acrylic Acid. Further deep in this chapter, you will be able to review Global Acrylic Acid Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
This chapter will help you gain North America Market Analysis of Acrylic Acid. Further deep in this chapter, you will be able to review North America Acrylic Acid Market Split by various segments and Country Split.
Chapter 2 North America Market Analysis
This chapter will help you gain Europe Market Analysis of Acrylic Acid. Further deep in this chapter, you will be able to review Europe Acrylic Acid Market Split by various segments and Country Split.
Chapter 3 Europe Market Analysis
This chapter will help you gain Asia Pacific Market Analysis of Acrylic Acid. Further deep in this chapter, you will be able to review Asia Pacific Acrylic Acid Market Split by various segments and Country Split.
Chapter 4 Asia Pacific Market Analysis
This chapter will help you gain South America Market Analysis of Acrylic Acid. Further deep in this chapter, you will be able to review South America Acrylic Acid Market Split by various segments and Country Split.
Chapter 5 South America Market Analysis
This chapter will help you gain Middle East and Africa Market Analysis of Acrylic Acid. Further deep in this chapter, you will be able to review Middle East and Africa Acrylic Acid Market Split by various segments and Country Split.
Chapter 6 Middle East and Africa Market Analysis
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Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
This chapter provides an in-depth analysis of the market share among key competitors of Acrylic Acid. The analysis highlights each competitor's position in the market, growth trends, and financial performance, offering insights into competitive dynamics, and emerging players.
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
This chapter would comprehensively cover market drivers, trends, restraints, opportunities, and various in-depth analyses like industrial chain, PESTEL, Porter’s Five Forces, and ESG, among others. It would also include product life cycle, technological advancements, and patent insights.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Derivative Analysis 2019 -2031, will provide market size split by Derivative. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Derivative Analysis 2021 - 2033
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Chapter 11 Market Split by Polymer Application Analysis 2021 - 2033
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Acrylic Acid market
Chapter 12 Research Findings
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.
Why Methyl have a significant impact on Acrylic Acid market? |
What are the key factors affecting the Methyl and Ethyl of Acrylic Acid Market? |
What is the CAGR/Growth Rate of Surface coating during the forecast period? |
By type, which segment accounted for largest share of the global Acrylic Acid Market? |
Which region is expected to dominate the global Acrylic Acid Market within the forecast period? |
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