World Acrylic Acid Market - Opportunities 2015- 2022
Research Beam
announces addition of report “World Acrylic Acid Market - Opportunities and
Forecasts, 2015 - 2022”
Report Available @
http://www.researchbeam.com/acrylic-acid-1522-market
Acrylic acid is an organic compound with tart or acrid smell
characteristic. It is mainly used as a feedstock in the production of acrylate
esters. Acrylate esters have a broad spectrum of application in plastic
additives, textiles, sealants, adhesives, and surface coatings. Industries
develop and implement commercialized processes for producing acrylic acid from
petrochemicals. Manufacturers are using bio-based techniques to produce acrylic
acid from renewable sources, such as, glycerol, and sugar, because of stringent
regulations. Renewable feedstock shows cost competitive outcomes as compared to
petrochemical routes.
Soaring demand for superabsorbent polymers and widespread
adoption of acrylic-based products in emerging economies, such as Asia-Pacific,
are the factors that drive the acrylic acid market. Stringent government
regulations are imposed on the use of acrylic acid because of environmental
concerns in regions such as North America and Europe, which acts as a major
restraint for the growth of this market. Commercialization of bio-based acrylic
acid and saturated demand for poly (methyl methacrylate) or PMMA resins in
various industries is likely to present varied opportunities for the growth of
this market. Hence, the producers of acrylic acid focus on R&D to find
bio-based sources for the production of acrylic acid.
The acrylic acid market by derivative type is segmented into
acrylic esters, acrylic polymers, and other derivatives. Acrylic polymers were
the major type in 2015, and may continue to lead the market till 2022. These
are widely used for coatings, binders, gun turrets, bomber noses, aircraft
canopies, and in cosmetic industry among others. Acrylic polymers are popular
for their stability, superior technology, and chemical purity because of which
they are used in applications where there is a need for resistance to aging
& weathering, transparency, and colour stability.
Acrylic acid end-user market is segmented into diapers,
surface coatings, adhesives and sealants, plastic additive industry, water
treatment industry, textiles, surfactants, and others. Currently, acrylic acid
is majorly consumed in manufacturing diapers. The diaper segment is the fastest
growing segment, growing at a CAGR of 7.7% during the forecast period, and is
expected to dominate the global acrylic acid market till 2022.
The acrylic acid market is segmented by geography into North
America, Europe, Asia-Pacific, and LAMEA. In 2015, Asia-Pacific was the largest
revenue-generating region, and it is likely to dominate the revenue streams up
to 2022. LAMEA is the fastest growing region, growing at a CAGR of 7.4% during
the forecast period. The region has a lucrative market for the production of
crude acrylic acid owing to the presence of the world’s largest petrochemicals
plays.
The key strategies adopted by the companies to expand in the
acrylic acid market are expansions, joint ventures, and product launches. A
strategic analysis of the companies reveals that most of the companies
concentrate on product launch and expansion. These strategies resulted in the
advancement of technology and diversification of the products in untapped
areas. This led to diversification of their business in industries such as
surfactants, surface coatings, adhesives, sealants, plastics additives, among
others. Key companies profiled in the report include Dow Chemical Company, BASF
SE, Arkema SA, Lubrizol Corporation, LG Chem LTD., Evonik Industries Ag, SIBUR,
Myriant Corporation, SunVic Chemical Holdings Limited, and Hexion Inc.
Key Benefits
The report provides a quantitative analysis of the current
market trends and future estimations from 2015 to 2022, which assists in
identifying the prevailing market opportunities.
Region-wise market conditions of acrylic acid are
comprehensively analyzed in the report.
Exhaustive analysis of the world acrylic acid market by end
consumption type helps in understanding the types of acrylic acid that are
currently being used along with the variants that are likely to gain prominence
in the future.
Competitive intelligence (of leading manufacturers of
acrylic acid) helps in understanding the competitive scenario across the
geographic regions.
SWOT analysis highlights the strengths, weakness, threats,
and opportunities of leading companies operating in the market.
Key market players in this market are profiled in the report
and their strategies are analyzed thoroughly, which help in understanding the
competitive outlook of the world acrylic acid market.
ACRYLIC ACID MARKET
BY SEGMENTS:
By Derivative Type
Acrylic Esters
Methyl Acrylate
Ethyl Acrylate
Butyl Acrylate
Ethylhexyl Acrylate
Acrylic Polymers
Other Derivatives
Ammonium Polyacrylate
Cyanopolyacrylate
By End Use Segment
Diapers
Surface Coatings Industry
Adhesives & Sealants Industry
Plastic Additives Industry
Water Treatment Industry
Textiles
Surfactants
Others
Table of Content:
CHAPTER 1
INTRODUCTION
1.1 Report description
1.2 Key benefits
1.3 Key market segments
1.4 Key audiences
1.5 Research methodology
1.5.1 Secondary research
1.5.2 Primary research
1.5.3 Analyst tools and models
CHAPTER 2 EXECUTIVE
SUMMARY
2.1 CXO perspective
2.2 World acrylic acid market revenue by geography,
2015-2022 ($million)
2.3 World acrylic acid market volume by geography, 2015-2022
(Kilo tons)
2.4 Market beyond: what to expect by 2027
2.4.1 Moderate growth scenario
2.4.2 Rapid growth scenario
2.4.3 Diminishing growth scenario
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