Acrylic Acid Derivatives Market Revenue, Trends, Business Strategies, CAGR Status, Growth Opportunities and Forecast 2029

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 The global acrylic acid derivatives market size is projected to showcase growth backed by growing demand from coatings and adhesives application areas. This information is published by Fortune Business Insights in its report, titled "Acrylic Acid Derivatives Market, 2022-2029". The acid is a colorless chemical substance with a pronounced unpleasant odor. It's a carboxylic acid with a vinyl group that's unsaturated. Acrylic esters and polymers are the most common derivatives. A significant chunk of this chemical is utilized to make acrylate esters as a feedstock. Processes for generating it from petrochemicals are being developed and commercialized by industry. 

COVID-19 Impact

Most of the industries experienced a non-operational phase during the lockdown. The end-use industry of this acrylic acid derivatives is mainly petroleum, chemical, and others. This allowed the demand for the product to remain stable although production did not meet demand volume. Production was erratic with constant lockdown and shutdown of production facilities. Moreover, there were travel restrictions, border closures, temporary halt of export and import, containment zones, and other issues which did not allow the supply of raw materials smoothly. With the uplift of lockdown in various regions, there are high

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Market Segmentation

Based on type the market for acrylic acid derivatives is segmented into acrylic esters and acrylic polymers. By application, the market is fragmented into surface coatings, adhesives & sealants, plastic additives, detergents, textiles, and others. Based on geography, the market is divided into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

What Does the Report Contain?

The report has details on all the latest technology available in the market. The technological advances made in the industry has been highlighted and the potential opportunities associated with that. The report establishes the challenges of the market and advices various solution to them. It also mentions the growth stimulating factors, the restraints, consumption pattern, distribution channels, and all other vital information associated with the market.

Drivers & Restraints

Increasing Prevalence of Diabetes to Favor Market Growth

The rising research into sustainable acrylic acid derivatives from ethylene and CO2 manufacturing technologies will serve as a market growth potential. The market is likely to be driven by rising demand for water-resistant and water-borne coatings and adhesives.

Additionally, growing the use of acrylic monomers as plastic additives and monomers in plastic manufacturing will enhance the acrylic acid derivatives market growth. The market will benefit from the rising demand for superabsorbent polymers.

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Regional Insights

Widespread Demand for Clean-Label Products to Boost the North America Market

Asia-pacific is expected to lead the acrylic acid derivatives market share in the forecast period. This is mainly owing to the availability of raw materials in the region. Moreover, the government initiatives in China and India support industrialization and allows the growth of the market.

North America is also expected to showcase significant growth due to the presence of a large number of chemical manufacturing units. Technological advancement in the production process in this area is also expected to boost the growth of the market.

Competitive Landscape

Key Players to Focus on Expanding Distribution Capacities

The competitive landscape of the acrylic acid derivatives market is fragmented. The far and few prominent players in this market are spread over globally. The report has comprehensive details and statistics on these players. Details such as the revenue generated, production cost, production capacity, production facilities, details of exports & imports, and much more are discussed in detail.

Industry Development:

  • November 2020: The Ningbo no. acrylic acid facility of Formosa Plastics has restarted operations.

List of Key Players Profiled in the Market:

  • Arkema
  • BASF
  • Mitsubishi
  • Evonik
  • Dow chemicals
  • Nippon Shokubai

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