Acrylic Acid Market Size, Production, Sales, Average Product Price, Market Share, Import vs Export

Global Acrylic Acid Market Revenue Size and Production Analysis

Global Acrylic Acid Market Size is expected to grow at a notable pace in the coming years. Acrylic Acid demand is growing due to

• Expanding Paints & Coatings Industry – Acrylic acid is a key ingredient in paints, coatings, and adhesives, driven by rising construction and automotive sectors.
• Growth in Superabsorbent Polymers (SAPs) – Increasing use in diapers, adult incontinence products, and feminine hygiene items boosts demand.
• Rising Demand for Water Treatment Chemicals – Acrylic acid-based polymers help in wastewater treatment and industrial water purification.
• Booming Adhesives & Sealants Market – Used in pressure-sensitive adhesives, construction materials, and packaging industries.
• Surge in Textile and Leather Industries – Acrylic-based formulations improve fabric quality, durability, and finishing.
• Increasing Demand for Personal Care Products – Found in lotions, creams, and hair styling products as a thickening agent.
• Growth in the Automotive Industry – Used in coatings, paints, and sealants for durability and weather resistance.
• Shift Towards Bio-Based Acrylic Acid – Sustainability concerns drive research into renewable, eco-friendly alternatives.

United States and Europe Acrylic Acid Market Recent Developments and Business Opportunities by Country

The acrylic acid market has experienced notable developments and presents various business opportunities across the United States and Europe. This analysis delves into recent trends and prospects, offering a country-wise perspective on European nations.

United States

In the United States, the acrylic acid market is witnessing steady growth, driven by robust demand from sectors such as construction, automotive, and personal care. The country’s well-established manufacturing base for acrylic acid and its derivatives, coupled with a strong research and development ecosystem, positions it favorably for continued expansion. The U.S. economy’s anticipated growth of approximately 2.2% in 2024 is expected to further drive demand across various acrylic acid market segments. Companies are focusing on upgrading their plants to align with the evolving environmental standards and consumer preferences, ensuring sustainable production practices and product offerings.

Europe

Europe’s acrylic acid market is characterized by diverse dynamics across its member countries. The region serves as a significant hub for the production of paints, coatings, adhesives, and sealants, all major consumers of acrylic acid. The increasing focus on sustainability and the adoption of eco-friendly materials are driving demand for acrylic acid-based products. A country-wise analysis reveals the following insights:

Germany

Germany holds a dominant position in Europe’s acrylic acid market, with a market value projected to reach $651.9 million by 2030. The country’s resilient industrial base and ongoing investments in process engineering capabilities contribute to this leadership. Post-pandemic recovery efforts have led to a rebound in demand for acrylic acid, particularly in the construction and automotive sectors. German companies are increasingly focusing on sustainable practices, aligning with the global shift towards eco-friendly solutions.

United Kingdom

The UK’s acrylic acid market is poised for positive growth, with established brands performing well and companies likely to gain market share. The country’s robust manufacturing base relies on acrylic acid for producing paints, coatings, adhesives, and textiles. Government initiatives aimed at promoting green technologies and materials have encouraged manufacturers to explore bio-based alternatives derived from acrylic acid. This strategic focus positions the UK market for sustained expansion in the coming years.

France

France is set to register one of the strongest growth rates in Europe’s acrylic acid industry, owing to sustained economic recovery, government initiatives, and a steady job market. The country’s GDP is forecasted to grow by 1.3% in 2024, contributing to increased demand for acrylic acid-based products. Consumers in France are anticipated to maintain a consistent level of confidence throughout the year, driving the overall market prospects. Companies are increasingly focusing their attention on long-term growth opportunities, particularly in sustainable product development.

Italy

Italy’s acrylic acid market holds a robust outlook, driven by strong process engineering capabilities, cost-effective manufacturing, and an abundant pool of skilled labor. The country’s strategic focus on sustainability and innovation aligns with global trends, offering significant growth opportunities. Italian companies are leveraging their strengths to address evolving consumer preferences, particularly in the textiles and fashion industries, where acrylic acid-based products are widely used.

Spain

Spain’s acrylic acid market is poised for exciting growth, presenting a wealth of opportunities for forward-thinking businesses. New avenues for market expansion are rapidly emerging, fueled by rising consumer demand, technological advancements, shifting regulations, and untapped market segments. The proactive approach of businesses in identifying and leveraging new growth prospects positions Spain’s acrylic acid market for an upward trajectory, fostering both domestic and international interest.

Other European Countries

Other European nations, including the Netherlands, Belgium, and Poland, are also contributing to the region’s acrylic acid market growth. These countries are witnessing increased demand in sectors such as construction, automotive, and personal care, driving the consumption of acrylic acid and its derivatives. The emphasis on sustainability and eco-friendly products is a common trend across these markets, aligning with the broader European agenda for a circular economy.

Business Opportunities

The evolving landscape of the acrylic acid market in the United States and Europe presents several business opportunities:

1. Sustainable Product Development: Companies can invest in research and development to create bio-based acrylic acid products, catering to the growing consumer demand for eco-friendly solutions.
2. Expansion in Emerging Markets: Exploring opportunities in emerging European markets can lead to increased market share, especially in countries experiencing rapid industrialization and urbanization.
3. Technological Innovations: Implementing advanced manufacturing technologies can enhance production efficiency, reduce costs, and minimize environmental impact, aligning with regulatory requirements and consumer expectations.
4. Strategic Partnerships: Collaborating with local manufacturers and distributors can facilitate market entry and expansion, leveraging existing networks and market knowledge.
5. Diversification of Applications: Exploring new applications for acrylic acid, such as in renewable energy sectors or advanced materials, can open up additional revenue streams.

Asia Pacific Acrylic Acid Market Recent Developments and Business Opportunities by Country

The Asia-Pacific acrylic acid market has experienced significant growth in recent years, driven by increasing demand across various industries such as superabsorbent polymers (SAP), paints and coatings, adhesives, and textiles. The region’s dominance in acrylic acid production and consumption is largely attributed to countries like China, Japan, South Korea, and India. This analysis delves into recent developments and business opportunities in key Asia-Pacific countries, emphasizing the role of production in shaping the market landscape.​

China

China stands as the largest producer and consumer of acrylic acid in the Asia-Pacific region, accounting for over 50% of the regional demand. The country’s acrylic acid capacity has seen substantial growth, increasing from 3,030 kilotons in 2016 to 3,650 kilotons in 2021, with projections suggesting it will surpass 4,500 kilotons in the coming years. Major producers such as Zhejiang Satellite Petrochemical and Taixing Sunke Chemicals, each with capacities of 480 kilotons, play pivotal roles in this expansion. ​

The surge in demand for superabsorbent polymers (SAP), primarily used in disposable hygiene products like diapers, has been a significant driver of acrylic acid consumption in China. The country’s burgeoning middle class and rapid urbanization have further fueled this demand. In response, companies like Wanhua Chemical Group are investing heavily in expanding their chemical complexes to include acrylic acid production, with plans to spend USD 3.6 billion by 2024. ​

Japan

Japan holds a notable position in the Asia-Pacific acrylic acid market, contributing over 14% of the regional production capacity. The country’s well-established chemical industry, led by companies like Nippon Shokubai, has been instrumental in maintaining a steady supply of acrylic acid. Japan is also a net exporter of acrylic acid, catering to both domestic and international markets. ​

The demand for superabsorbent polymers in Japan has been on the rise, driven by an aging population and increasing awareness of personal hygiene. This trend has led to a steady growth in acrylic acid consumption, with projections indicating continued expansion in the coming years. ​

South Korea

South Korea contributes approximately 12% to the regional acrylic acid production capacity, with LG Chem being a prominent player in the market. In September 2020, LG Chem announced plans to increase its high-purity acrylic acid capacity to 160,000 tons per year at its Yeosu complex, reflecting the company’s commitment to meeting the growing demand. ​

The country’s advanced manufacturing sector and focus on technological innovation have positioned it well to capitalize on the increasing applications of acrylic acid in various industries, including electronics and automotive sectors. ​

India

India has emerged as a key market for acrylic acid in the Asia-Pacific region, with demand projected to grow at a compound annual growth rate (CAGR) of 10.9%, reaching 408 kilotons by 2032. Historically a net importer, India’s dependency on imports is expected to decline following the commissioning of Bharat Petroleum Corporation Limited’s (BPCL) 160 kilotons per year acrylic acid plant in 2021. Additionally, Indian Oil Corporation Limited (IOCL) plans to establish a 90 kilotons per year acrylic acid facility in Gujarat by 2024. ​

The robust growth in India’s construction, personal care, and other end-use industries presents significant business opportunities for acrylic acid producers. The government’s push for self-reliance in chemical production further bolsters the market’s potential. ​

Other Asia-Pacific Countries

Several other countries in the Asia-Pacific region, including Malaysia, Singapore, Indonesia, and Taiwan, contribute to the acrylic acid market. Companies like Formosa Plastics in Taiwan play a significant role in regional production. These countries collectively account for around 10% of the regional acrylic acid production capacity. ​

The increasing demand for superabsorbent polymers, driven by rising personal hygiene awareness and purchasing power in developing economies, is expected to boost acrylic acid consumption across these nations. Technological advancements, such as the development of thinner napkins and new superabsorbent concepts, are anticipated to further propel SAP demand in the forecast period.

Business Opportunities

The Asia-Pacific acrylic acid market presents numerous business opportunities, particularly in the following areas:​

1. Capacity Expansion: With the growing demand for acrylic acid derivatives like superabsorbent polymers, there is a significant opportunity for companies to invest in expanding production capacities to meet regional needs.​
2. Technological Innovation: Developing advanced production technologies that enhance efficiency and reduce environmental impact can provide a competitive edge in the market.​
3. Sustainable Practices: Investing in sustainable and eco-friendly production methods aligns with global trends towards environmental responsibility, potentially opening new markets and customer bases.​
4. Strategic Partnerships: Collaborating with local companies can facilitate market entry and expansion, leveraging existing networks and market knowledge.

Global Acrylic Acid Analysis by Market Segmentation

1. By Type

• Glacial Acrylic Acid (GAA) – This is the purest form of acrylic acid and is widely used in the production of superabsorbent polymers, coatings, adhesives, and resins. The demand for GAA is driven by the increasing need for high-performance polymers in various industries.
• Acrylic Esters – These include methyl acrylate, ethyl acrylate, butyl acrylate, and 2-ethylhexyl acrylate, which are used in paints, coatings, textiles, and adhesives. Butyl acrylate holds a significant share due to its application in water-based paints.
• Others – This includes specialty acrylic acid derivatives used in niche applications such as pharmaceuticals, detergents, and oil treatment chemicals.

2. By Application

• Superabsorbent Polymers (SAP) – This segment dominates the acrylic acid market due to its extensive use in baby diapers, adult incontinence products, and feminine hygiene items. The rising population and increasing awareness of hygiene are driving demand.
• Adhesives & Sealants – Acrylic acid is widely used in pressure-sensitive adhesives and industrial sealants, which are crucial in construction, automotive, and packaging industries. The growing demand for high-performance adhesives supports the expansion of this segment.
• Paints & Coatings – The increasing use of acrylic-based coatings in automotive, construction, and industrial applications boosts the demand for acrylic acid. Water-based coatings, which are eco-friendly and durable, are gaining popularity.
• Textiles – Acrylic acid and its derivatives are used in textile finishing agents to improve fabric properties such as durability, softness, and wrinkle resistance. The rising demand for high-quality fabrics fuels growth in this segment.
• Water Treatment Chemicals – Acrylic acid-based polymers are used in wastewater treatment, cooling water systems, and desalination plants. The increasing global focus on clean water and sustainability supports growth in this segment.
• Others – This includes applications in detergents, personal care, pharmaceuticals, and oilfield chemicals, where acrylic acid-based polymers enhance performance and efficiency.

3. By Region

• North America – The region is a key player in the acrylic acid market, driven by demand from SAP, adhesives, and coatings industries. The presence of major manufacturers and technological advancements support growth.
• Europe – Strict environmental regulations are pushing the demand for bio-based acrylic acid in Europe. Countries like Germany, France, and the UK are leading in the production and consumption of acrylic acid for industrial applications.
• Asia-Pacific – This region dominates the global market, with China, India, and Japan being major contributors. The growing population, rapid industrialization, and increased use of superabsorbent polymers in hygiene products drive market expansion.
• Latin America – Countries like Brazil and Mexico are experiencing growing demand for acrylic acid in adhesives, textiles, and water treatment applications, driven by expanding industrial sectors.
• Middle East & Africa – The market is gradually growing, with increasing investments in infrastructure, water treatment, and construction sectors creating demand for acrylic acid-based products.

Acrylic Acid Production and Import-Export Scenario

Acrylic acid is a vital industrial chemical extensively used in the production of superabsorbent polymers, adhesives, coatings, and various other applications. The global landscape of acrylic acid production and its import-export dynamics is shaped by the capacities and trade activities of key countries.​

Global Production Landscape

China stands as a dominant force in acrylic acid production, with a capacity of approximately 3,650 kilotons in 2021. This substantial capacity positions China as a leading exporter, with exports reaching 129,468,000 kilograms in 2022. Major Chinese producers such as Zhejiang Satellite Petrochemical and Taixing Sunke Chemicals have been instrumental in this growth.​

Japan also plays a significant role in the acrylic acid market, with exports totaling 67,036,300 kilograms in 2022. Companies like Nippon Shokubai are key contributors to Japan’s production capacity, serving both domestic and international markets.​

Import-Export Dynamics

In 2022, China led the global export market for acrylic acid and its salts, with exports valued at $208.2 million and totaling 129,468,000 kilograms. Belgium followed with exports worth $143.9 million (97,899,900 kilograms), and France exported $103.9 million worth of acrylic acid.​

On the import side, Germany was the largest importer in 2023, accounting for 10.9% of global imports, valued at $67 million. India closely followed with 10.6% ($65 million), and the USA imported 9.25% ($57 million) of the global share. The Netherlands and France were also significant importers, with shares of 8.2% ($50 million) and 7.78% ($47 million), respectively. ​

Regional Insights

• Asia-Pacific: China’s dominance in production and export is complemented by Japan and Malaysia, with Malaysia exporting 58,637,200 kilograms in 2022. The region’s growth is driven by increasing demand for superabsorbent polymers and adhesives.​
• Europe: Germany and Belgium are pivotal in both production and trade. Germany exported 51,232,800 kilograms in 2022, while Belgium’s exports stood at 97,899,900 kilograms. The European market is influenced by stringent environmental regulations and a focus on sustainable production practices.​
• North America: The USA, while being a significant importer, also contributes to global exports, with 23,283,000 kilograms exported in 2023. The region’s market dynamics are shaped by the demand in sectors like adhesives, coatings, and superabsorbent polymers.​

Emerging Trends and Future Outlook

The global acrylic acid market is witnessing a shift towards sustainable and bio-based production methods, driven by environmental concerns and regulatory pressures. Technological advancements aim to improve production efficiency and reduce environmental impact. Additionally, the growing demand from emerging markets, particularly in Asia-Pacific, is expected to influence global trade patterns.

Market Scenario, Demand vs Supply, Average Product Price, Import vs Export, till 2035

• Global Acrylic Acid Market revenue and demand by region
• Global Acrylic Acid Market production and sales volume
• United States Acrylic Acid Market revenue size and demand by country
• Europe Acrylic Acid Market revenue size and demand by country
• Asia Pacific Acrylic Acid Market revenue size and demand by country
• Middle East & Africa Acrylic Acid Market revenue size and demand by country
• Latin America Acrylic Acid Market revenue size and demand by
• Import-export scenario – United States, Europe, APAC, Latin America, Middle East & Africa
• Average product price – United States, Europe, APAC, Latin America, Middle East & Africa
• Market player analysis, competitive scenario, market share analysis
• Business opportunity analysis

Key questions answered in the Global Acrylic Acid Market Analysis Report:

• What is the market size for Acrylic Acid in United States, Europe, APAC, Middle East & Africa, Latin America?
• What is the yearly sales volume of Acrylic Acid and how is the demand rising?
• Who are the top market players by market share, in each product segment?
• Which is the fastest growing business/ product segment?
• What should be the business strategies and Go to Market strategies?

The report covers Acrylic Acid Market revenue, Production, Sales volume, by regions, (further split into countries): 

• Asia Pacific (China, Japan, South Korea, India, Indonesia, Vietnam, Rest of APAC)
• Europe (UK, Germany, France, Italy, Spain, Benelux, Poland, Rest of Europe)
• North America (United States, Canada, Mexico)
• Latin America (Brazil, Argentina, Rest of Latin America)
• Middle East & Africa

Table of Contents:

Acrylic Acid Market: Industry Overview, Production Processes, and Market Trends

1. Introduction to the Acrylic Acid Market
   1.1 Overview of Acrylic Acid: Chemical Properties and Industrial Applications
   1.2 Market Size, Growth Potential, and Key Industry Trends
   1.3 Role of Acrylic Acid in Polymer and Coating Industries
   1.4 Driving Forces, Market Challenges, and Emerging Opportunities
2. Acrylic Acid Production and Manufacturing Processes
   2.1 Essential Raw Materials Used in Acrylic Acid Production
   2.2 Industrial Methods for Acrylic Acid Synthesis and Chemical Processing
   2.3 Innovations in Acrylic Acid Production Technology and Process Optimization
   2.4 Environmental Impact and Sustainability Measures in Acrylic Acid Manufacturing
   2.5 Supply Chain Dynamics and Production Constraints in the Acrylic Acid Industry
3. Market Dynamics and Growth Influencers in the Acrylic Acid Industry
   3.1 Growing Demand for Acrylic Acid in Paints, Adhesives, and Textiles
   3.2 Role of Acrylic Acid in Superabsorbent Polymers and Water Treatment Applications
   3.3 Industrial Expansion and Its Effect on Acrylic Acid Market Growth
   3.4 Regulatory Standards and Compliance for Acrylic Acid Production and Usage
   3.5 Challenges in Storage, Handling, and Transportation of Acrylic Acid
4. Applications of Acrylic Acid in Various Sectors
   4.1 Acrylic Acid in Adhesives and Sealants: Growth and Market Potential
   4.2 Use of Acrylic Acid in Paints, Coatings, and Surface Finishing Products
   4.3 Superabsorbent Polymers: A Major Growth Driver for Acrylic Acid Market
   4.4 Role of Acrylic Acid in Personal Care, Detergents, and Hygiene Products
   4.5 Emerging Uses of Acrylic Acid in High-Performance Industrial Applications
5. Market Segmentation and Regional Insights for Acrylic Acid Industry
   5.1 Segmentation by Industry: Adhesives, Paints, Superabsorbent Polymers, etc.
   5.2 Global Acrylic Acid Market Outlook: North America, Europe, Asia-Pacific, Latin America, MEA
   5.3 Regional Demand Trends and Market Expansion Forecasts for Acrylic Acid
   5.4 Competitive Landscape and Regional Market Strategies for Acrylic Acid Producers
6. Supply Chain and Logistics in Acrylic Acid Market
   6.1 Raw Material Procurement and Availability in Acrylic Acid Production
   6.2 Distribution Channels and Market Reach for Acrylic Acid Suppliers
   6.3 Challenges in Logistics, Storage, and Transportation of Acrylic Acid
   6.4 Trade Policies and Regulatory Influence on Acrylic Acid Supply Chain
7. Competitive Landscape and Key Industry Players in Acrylic Acid Market
   7.1 Major Acrylic Acid Manufacturers and Suppliers Worldwide
   7.2 Market Share Analysis and Competitive Strategies in Acrylic Acid Industry
   7.3 Mergers, Acquisitions, and Expansion Strategies in Acrylic Acid Market
   7.4 Research and Development Trends in Acrylic Acid Production Technology
8. Technological Advancements in Acrylic Acid Production
   8.1 Innovations in Acrylic Acid Synthesis and Catalytic Processes
   8.2 Automation and Efficiency Enhancements in Acrylic Acid Manufacturing
   8.3 Sustainable and Bio-Based Acrylic Acid: Industry Trends and Developments
   8.4 Future Technological Trends Driving the Acrylic Acid Market Growth
9. Regulatory Landscape and Environmental Compliance for Acrylic Acid Industry
   9.1 Key Regulations Governing Acrylic Acid Production and Distribution
   9.2 Environmental Impact and Risk Management Strategies in Acrylic Acid Sector
   9.3 Compliance Challenges for Acrylic Acid Producers and End-Users
   9.4 Future Policy Changes and Their Implications for Acrylic Acid Market
10. Pricing Trends and Economic Analysis of Acrylic Acid Market
    10.1 Factors Influencing Acrylic Acid Pricing in Global Markets
    10.2 Impact of Raw Material Costs on Acrylic Acid Market Economics
    10.3 Regional Price Variations and Competitive Pricing Strategies
    10.4 Future Market Projections and Profitability Trends for Acrylic Acid Industry
11. Sustainability and Green Alternatives in Acrylic Acid Production
    11.1 Environmental Concerns in Acrylic Acid Manufacturing and Usage
    11.2 Bio-Based and Renewable Acrylic Acid: Market Potential and Challenges
    11.3 Carbon Emission Reduction Strategies in Acrylic Acid Production
    11.4 Shift Towards Eco-Friendly Solutions in Acrylic Acid Industry
12. Regional Market Insights and Growth Projections for Acrylic Acid
    12.1 North America: Market Drivers and Industry Growth Outlook
    12.2 Europe: Regulatory Compliance and Emerging Applications of Acrylic Acid
    12.3 Asia-Pacific: Market Demand, Expansion, and Industrial Investments
    12.4 Latin America & MEA: Challenges and Opportunities in Acrylic Acid Market
13. Market Forecast and Future Outlook for Acrylic Acid Industry (2025-2035)
    13.1 Projected Demand and Market Growth Trends for Acrylic Acid
    13.2 Technological Innovations and Their Impact on Acrylic Acid Market Expansion
    13.3 Potential Market Risks and Challenges for Acrylic Acid Industry Growth
    13.4 Strategic Recommendations for Acrylic Acid Manufacturers and Stakeholders
14. Investment Landscape and Business Opportunities in Acrylic Acid Market
    14.1 Investment Potential and Market Entry Strategies in Acrylic Acid Sector
    14.2 Market Risks and Key Challenges in Acrylic Acid Manufacturing and Distribution
    14.3 Risk Mitigation Strategies for Investors in Acrylic Acid Market
    14.4 Long-Term Market Profitability and Sustainability Outlook for Acrylic Acid
15. Strategic Roadmap for Market Players in the Acrylic Acid Industry
    15.1 Entry Strategies for New Players in Acrylic Acid Market
    15.2 Growth and Expansion Strategies for Established Acrylic Acid Producers
    15.3 Innovation and Product Development to Strengthen Market Position
    15.4 Collaboration and Partnerships to Enhance Competitive Edge in Acrylic Acid Sector

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