Global Acrylic Acid Market Growth, Share, Size, Trends and Forecast (2025 - 2031)
By Derivative;
Acrylic Esters- Methyl Acrylate, Ethyl Acrylate, Butyl Acrylate, 2-Ethylhexyl Acrylate, Other Acrylic Esters, Acrylic Polymers- Water Treatment Polymers, Super Absorbent Polymer, Acrylic Elastomers, Others- Ammonium Polyacrylate, and Polycyanoacrylates.By Application;
Surface Coatings, Adhesives & Sealants, Plastic Additives, Detergents, Textiles, Diapers & Training Pants, Adult Incontinence & Other Personal Care Products, Water Treatment, and Others.By Geography;
North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).Introduction
Global Acrylic Acid Market (USD Million), 2021 - 2031
In the year 2024, the Global Acrylic Acid Market was valued at USD 20,384.86 million. The size of this market is expected to increase to USD 29,653.43 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 5.5%.
Acrylic acid, a colorless and corrosive liquid known for its polymer-forming capabilities, serves as a fundamental building block in various industries. It finds extensive application in the production of plastics, paints, synthetic rubbers, and textiles. Additionally, acrylic acid derivatives like acrylic esters and polymers play pivotal roles across diverse sectors, serving as key ingredients in numerous polymer formulations. The versatility of acrylic esters and polymers contributes to their high demand in various end-use applications, including surface coatings, sealants, adhesives, plastic additives, detergents, textiles, diapers, adult incontinence products, and water treatment solutions.
Acrylic esters and polymers are valued for their exceptional properties, which make them indispensable in many industries. They offer excellent adhesion, durability, and resistance to environmental factors, making them ideal for surface coatings and sealants. Moreover, their versatility allows for tailored formulations to meet specific performance requirements in diverse applications. From enhancing the durability of plastic products to improving the adhesion of coatings and sealants, acrylic esters and polymers play crucial roles across a wide spectrum of industries.
The widespread use of acrylic esters and polymers underscores their significance as essential components in various industrial processes. Their applications span from consumer goods like textiles and diapers to industrial sectors such as surface coatings and water treatment. As industries continue to innovate and evolve, the demand for acrylic acid derivatives is expected to remain robust, driven by their unmatched versatility and performance characteristics in meeting diverse application needs.
Global Acrylic Acid Market Recent Developments
- In January 2024, Arkema announced that its acrylic acid and ester production facility in Taixing, Jiangsu Province, China, achieved ISCC+ certification. This milestone is part of Arkema's efforts to decarbonize its acrylic production chain, supporting the company's broader sustainability objectives.
- In May 2023, NIPPON SHOKUBAI CO. LTD announced the inauguration of a new acrylic acid production facility by its subsidiary, PT. NIPPON SHOKUBAI, in Cilegon, Banten, Indonesia. The facility boasts an annual production capacity of 100,000 metric tonnes, enhancing the company's manufacturing capabilities in the region.
Segment Analysis
The Global Acrylic Acid Market is primarily driven by its derivatives, which include Acrylic Esters and Acrylic Polymers. Acrylic esters such as Methyl Acrylate, Ethyl Acrylate, Butyl Acrylate, and 2-Ethylhexyl Acrylate are widely used across various industries. Methyl Acrylate and Ethyl Acrylate are extensively employed in surface coatings and adhesives due to their excellent adhesion properties. Butyl Acrylate and 2-Ethylhexyl Acrylate are crucial in manufacturing paints, varnishes, and textiles, providing flexibility, durability, and resistance to environmental factors. In addition, the Other Acrylic Esters category, which includes specific esters used in niche applications, further expands the market’s scope.
Another major segment of the market is Acrylic Polymers, including Water Treatment Polymers, Super Absorbent Polymers (SAP), and Acrylic Elastomers. Water Treatment Polymers are used in industrial applications such as wastewater treatment, helping to remove impurities and pollutants. Super Absorbent Polymers find a significant application in products like diapers, adult incontinence products, and feminine hygiene products due to their high absorption capacity. Acrylic Elastomers are widely used in automotive, construction, and industrial applications because of their high resilience and flexibility, which makes them suitable for producing components exposed to harsh environmental conditions. Additionally, Ammonium Polyacrylate and Polycyanoacrylates serve specialized applications, such as adhesives and water-soluble polymers, contributing to the diverse range of acrylic acid derivatives.
On the application front, the Acrylic Acid Market has a broad scope, covering industries such as Surface Coatings, Adhesives & Sealants, Plastic Additives, Detergents, and Textiles. Surface Coatings benefit from the use of acrylic esters and polymers, offering high performance in terms of durability, weather resistance, and aesthetic quality. In the Adhesives & Sealants sector, acrylic-based products are favored for their strong bonding properties and versatility in industrial, automotive, and consumer goods manufacturing. The Diapers & Training Pants and Adult Incontinence Products segments rely heavily on Super Absorbent Polymers derived from acrylic acid, as these materials are key in enhancing product performance. Water Treatment is another critical application, where acrylic-based polymers help in the purification and filtration processes, improving the quality of water for industrial and municipal uses. Overall, the vast range of applications across different industries continues to expand the demand for acrylic acid, reinforcing its importance in global manufacturing and consumer goods.
Global Acrylic Acid Segment Analysis
In this report, the Global Acrylic Acid Market has been segmented by Derivative, Application, and Geography.
Global Acrylic Acid Market, Segmentation by Derivative
The Global Acrylic Acid Market has been segmented by Derivative into Acrylic Esters- Methyl Acrylate, Ethyl Acrylate, Butyl Acrylate, 2-Ethylhexyl Acrylate, Other Acrylic Esters, Acrylic Polymers- Water Treatment Polymers, Super Absorbent Polymer, Acrylic Elastomers, Others- Ammonium Polyacrylate, and Polycyanoacrylates.
The Global Acrylic Acid Market is segmented by Derivative into various key categories, with each derivative serving different industrial applications. Acrylic Esters, including Methyl Acrylate, Ethyl Acrylate, Butyl Acrylate, 2-Ethylhexyl Acrylate, and Other Acrylic Esters, hold a significant share of the market. These esters are primarily used in the production of adhesives, paints, coatings, textiles, and plastics due to their excellent flexibility, durability, and resistance properties. Methyl Acrylate and Ethyl Acrylate are widely used in the manufacturing of coatings and inks, while Butyl Acrylate is essential for the production of paints, varnishes, and rubber products due to its low-temperature flexibility. 2-Ethylhexyl Acrylate, on the other hand, is mainly used in automotive and industrial applications, where strong bonding properties are required.
The segment also includes Acrylic Polymers, which are produced by polymerizing acrylic acid and its derivatives. These include Water Treatment Polymers, Super Absorbent Polymer (SAP), Acrylic Elastomers, and others. Water Treatment Polymers are widely used in wastewater treatment processes, while Super Absorbent Polymers are essential for producing products such as diapers and adult incontinence products due to their high water retention properties. Acrylic Elastomers find applications in the automotive and construction industries for their high resilience, impact resistance, and weatherproof characteristics. The Others category includes Ammonium Polyacrylate and Polycyanoacrylates, which are used in specialized applications like superglues, wound adhesives, and as additives in detergents and fabric softeners.
Lastly, the Other Acrylic Esters and derivatives are also significant contributors to the global acrylic acid market. These include Ammonium Polyacrylate, which is used in water treatment processes, and Polycyanoacrylates, which are used in medical adhesives. These lesser-known but essential derivatives play a crucial role in various niche markets, providing specialized solutions in applications ranging from medical products to industrial adhesives. The diversity of acrylic acid derivatives underscores its broad applicability across industries, from consumer goods to industrial applications, driving continued growth in the global acrylic acid market.
Global Acrylic Acid Market, Segmentation by Application
The Global Acrylic Acid Market has been segmented by Application into Surface Coatings, Adhesives & Sealants, Plastic Additives, Detergents, Textiles, Diapers & Training Pants, Adult Incontinence & Other Personal Care Products, Water Treatment, and Other Applications.
Notably, it serves as a cornerstone in surface coatings, providing durability, weather resistance, and a glossy finish essential for sectors like automotive, construction, and industrial equipment. In adhesives and sealants, acrylic acid-based formulations offer superior bonding properties, adhering to various substrates while resisting moisture and chemicals, serving vital roles in construction, automotive assembly, packaging, and electronics.
Acrylic acid's influence extends to plastic additives, enhancing impact resistance, flexibility, and UV stability in plastic formulations used across packaging, automotive components, and consumer goods. Additionally, it contributes significantly to detergent manufacturing as a builder, aiding in dirt and stain removal by sequestering metal ions in hard water. In textiles, acrylic acid facilitates dyeing and finishing processes, ensuring attributes like color fastness, wrinkle resistance, and softness in fabrics.
Acrylic acid-based superabsorbent polymers (SAPs) are indispensable components in diapers, training pants, and adult incontinence products, offering exceptional absorbency and moisture retention. Furthermore, acrylic acid contributes to water treatment applications, assisting in flocculation and coagulation processes to eliminate impurities from water sources. In summary, the Global Acrylic Acid Market's widespread utility underscores its pivotal role across various sectors, propelling its continuous growth and adoption worldwide.
Global Acrylic Acid Market, Segmentation by Geography
In this report, the Global Acrylic Acid Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Global Acrylic Acid Market Share (%), by Geographical Region, 2024
The global acrylic acid market is forecasted to experience substantial growth across various regions: North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America. In North America and Europe, well-established industrial sectors and stringent environmental regulations are anticipated to propel market expansion. Moreover, increased demand from automotive, construction, and healthcare industries is expected to further drive growth in these regions.
The Asia Pacific region is positioned to emerge as a significant market for acrylic acid during the forecast period, propelled by rapid industrialization, urbanization, and infrastructure development. Countries like China, India, and Southeast Asian nations are witnessing robust growth in construction, automotive manufacturing, and consumer goods industries, fueling demand for acrylic acid in various applications such as adhesives, coatings, and superabsorbent polymers. Additionally, favorable government initiatives, rising disposable incomes, and expanding middle-class populations are anticipated to contribute to market growth in the region.
In the Middle East and Africa, as well as Latin America, increasing investments in infrastructure projects and industrialization are expected to drive demand for acrylic acid. These regions are experiencing notable developments in construction, automotive manufacturing, and textiles, leading to growing demand for acrylic acid-based products. Furthermore, abundant raw materials and favorable governmental policies aimed at attracting investments in chemical manufacturing industries are likely to bolster market growth in these regions throughout the forecast period.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global Acrylic Acid Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Drivers, Restraints and Opportunity Analysis
Drivers:
- Increasing Demand from Acrylic Esters Production
- Growth in Construction and Infrastructure Projects
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Rising Adoption in Water Treatment Applications: The global acrylic acid market is witnessing a significant surge in its utilization for water treatment purposes, attributed to its versatile characteristics and effectiveness in tackling water purification issues. Acrylic acid and its derivatives are pivotal in various water treatment processes, offering solutions for disinfection, pH regulation, and scale inhibition. Its capacity to create stable complexes with metal ions renders it suitable for eliminating contaminants and enhancing water quality in both industrial and municipal water treatment plants.
Polymeric compounds derived from acrylic acid, such as polyacrylic acid (PAA), are extensively employed in water treatment applications owing to their remarkable chelating and flocculating attributes. These polymers aid in eliminating heavy metals, organic pollutants, and suspended solids from water, thereby augmenting its clarity and purity levels. Furthermore, acrylic acid-based polymers demonstrate high efficacy in controlling scale build-up and averting corrosion within water distribution systems, thereby prolonging infrastructure longevity and mitigating maintenance expenses.
The escalating demand for clean and potable water, coupled with stringent regulations governing wastewater discharge and water quality standards, is propelling the adoption of acrylic acid-based solutions in water treatment operations. As industries and municipalities prioritize sustainability and environmental responsibility, acrylic acid emerges as a critical component in addressing water treatment challenges. With ongoing innovations in acrylic acid-based formulations and treatment methodologies, the global acrylic acid market is poised to play a pivotal role in ensuring access to clean water and fostering sustainable water management practices on a global scale.
Restraints:
- Volatility in Feedstock Prices
- Environmental and Regulatory Constraints
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Competition from Alternative Chemicals: Competition from alternative chemicals presents a significant challenge in the Global Acrylic Acid Market, reshaping market dynamics and demand trends. Traditional substitutes like methacrylic acid and maleic anhydride closely mimic acrylic acid's properties and applications. Methacrylic acid, for instance, shares numerous characteristics with acrylic acid and is utilized across diverse industries, including coatings, adhesives, and personal care products. Similarly, maleic anhydride competes directly with acrylic acid in adhesive formulations and surface coatings, particularly in sectors like construction, automotive, and packaging.
Emerging alternatives, such as bio-based and renewable chemicals, are gaining momentum, posing a competitive threat to acrylic acid. These alternatives offer environmental benefits and sustainability advantages over petrochemical-derived acrylic acid. For instance, bio-based succinic acid, derived from renewable feedstocks like biomass, emerges as a promising alternative in applications ranging from polymers to coatings. Similarly, renewable chemicals sourced from plant-based materials or fermentation processes are increasingly explored as substitutes for acrylic acid in various sectors, including adhesives, sealants, and plastic additives.
Acrylic acid manufacturers are prioritizing innovation, product differentiation, and sustainability initiatives. They are directing investments towards research and development to enhance acrylic acid formulations, optimize production processes, and explore bio-based pathways for acrylic acid synthesis. Additionally, strategic collaborations, partnerships, and acquisitions are pursued to bolster market presence and diversify product portfolios. By emphasizing sustainability, performance enhancements, and cost competitiveness, acrylic acid producers aim to sustain their market position amid evolving industry dynamics and the emergence of alternative chemicals.
Opportunities:
- Expansion of Acrylic Acid Derivatives Market
- Growth in Personal Care and Cosmetics Industry
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Increasing Demand for Water-based Paints and Coatings: The global acrylic acid market is experiencing heightened demand, primarily fueled by the increasing preference for water-based paints and coatings. This trend is particularly evident across diverse industries like construction, automotive, furniture, and packaging, where water-based formulations are favored for their environmental advantages and superior performance attributes. Acrylic acid, a vital raw material in the production of water-based paints and coatings, contributes to enhancing adhesion, durability, and weather resistance in the final products.
The growing focus on sustainability and regulations promoting low-VOC products are propelling the uptake of water-based paints and coatings. Acrylic acid-derived polymers facilitate the creation of low-VOC formulations, meeting strict environmental standards while ensuring exceptional performance and longevity. Additionally, the ease of application, quick drying times, and reduced odor of water-based coatings make them ideal for interior and exterior architectural coatings, as well as protective coatings for infrastructure and industrial applications.
In the automotive industry, the demand for water-based paints and coatings is on the rise to adhere to regulatory mandates and meet consumer expectations for eco-friendly and durable finishes. Acrylic acid-based polymers play a crucial role in developing automotive coatings with superior color retention, UV resistance, and scratch resistance, ensuring prolonged protection and aesthetic appeal. With a growing emphasis on sustainability and environmental consciousness, the adoption of water-based acrylic coatings is expected to continue expanding in the automotive sector, thereby driving the demand for acrylic acid globally.
Competitive Landscape Analysis
Key players in Global Acrylic Acid Market include:
- BASF SE
- Arkema SA
- Nippon Shokubai Co. Ltd.
- Evonik Industries
- The DOW Chemical Company
- LG Chem Ltd.
- Mitsubishi Chemical Holdings Corp.
- PJSC Sibur Holding
- Sasol Ltd.
- Hexion Inc.
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Derivative
- Market Snapshot, By Application
- Market Snapshot, By Region
- Global Acrylic Acid Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers:
- Increasing Demand from Acrylic Esters Production
- Growth in Construction and Infrastructure Projects
- Rising Adoption in Water Treatment Applications
- Restraints:
- Volatility in Feedstock Prices
- Environmental and Regulatory Constraints
- Competition from Alternative Chemicals
- Opportunities:
- Expansion of Acrylic Acid Derivatives Market
- Growth in Personal Care and Cosmetics Industry
- Increasing Demand for Water-based Paints and Coatings
- Drivers:
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Global Acrylic Acid Market, By Derivative, 2021 - 2031 (USD Million)
- Acrylic Esters
- Methyl Acrylate
- Ethyl Acrylate
- Butyl Acrylate
- 2-Ethylhexyl Acrylate
- Other Acrylic Esters
- Acrylic Polymers
- Water Treatment Polymers
- Super Absorbent Polymer
- Acrylic Elastomers
- Others
- Ammonium Polyacrylate
- Polycyanoacrylates
- Acrylic Esters
- Global Acrylic Acid Market, By Application, 2021 - 2031 (USD Million)
- Surface Coatings
- Adhesives & Sealants
- Plastic Additives
- Detergents
- Textiles
- Diapers & Training Pants
- Adult Incontinence & Other Personal Care Products
- Water Treatment
- Others
- Global Acrylic Acid Market, By Geography, 2021 - 2031 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Global Acrylic Acid Market, By Derivative, 2021 - 2031 (USD Million)
- Competitive Landscape
- Company Profiles
- BASF SE
- Arkema SA
- Nippon Shokubai Co. Ltd.
- Evonik Industries
- The DOW Chemical Company
- LG Chem Ltd.
- Mitsubishi Chemical Holdings Corp.
- PJSC Sibur Holding
- Sasol Ltd.
- Hexion Inc.
- Company Profiles
- Analyst Views
- Future Outlook of the Market