TMRR in its latest research report states that the global market size of Acrylic Acid market was $XX million in 2018 with XX CAGR from 2014 to 2018, and is expected to reach $XX million by the end of 2029 with a CAGR of XX% from 2019 to 2029.
Global Acrylic Acid Market Report 2019 – Market Size, Share, Price, Trend and Forecast is an intuitive and exhaustive study on the current and future prospects of the global Acrylic Acid industry. The key insights are elucidated as under:
- The report postulates key numbers on the market status of the Acrylic Acid market manufacturers and is a reliable and valuable source of market intelligence for companies and individuals interested in the industry.
- The report provides an intrinsic overview of the industry including its market definition, market overview and market executive summary.
- The report depicts an in-depth analysis on the company profiles, product specifications, capacity, production value, of leading stakeholders in the Acrylic Acid market
- The Acrylic Acid market is further scrutinized through the SWOT analysis of key players for the competitive landscape analysis.
- The report also brings forth important trends in the Acrylic Acid market that are changing the dynamics of the market.
- A detailed scrutiny of upstream raw materials, downstream demand, and current market dynamics of Acrylic Acid market helps stakeholders take strategic decisions
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There are 4 key segments covered in this report: machine segment, product type segment, end use segment and regional segment.
Competitive landscape of Acrylic Acid market has tier 1, tier 2 and tier 3 players and provides a dashboard view of their strategies and intensity mapping.
The global acrylic acid market has experienced developments in the last few years. These market developments give an idea about the growth factors of the global acrylic acid market. One of many such developments is mentioned below:
- In October 2018, Germany-based BASF SE has inked a Memorandum of Understanding (MoU) with China-based Sinopec Yangzi Petrochemical Company Limited in Beijing. It is expected that following this deal, the partnership between them for both downstream and upstream chemical production in China will be strengthened. Following this deal it is expected that the reach of the products of BASF SE will expand.
Some of the key market players of the global acrylic acid market are
- The Dow Chemical Company
- Mitsubishi Chemical Corporation
- Nippon Shokubai Co. Ltd.
- China Petroleum and Chemical Corporation
- BASF SE
- LG Chem Ltd
Global Acrylic Acid Market: Growth Drivers
Increased Demand for Personal Hygiene Products to Spell Growth for the Market
The global acrylic acid market is expected to gather momentum from the augmented demand of the product across various end use segments. Acrylic acid is utilized in the making of superabsorbent polymers, which finds primary use in the production of female sanitary napkins and diaper for babies. Superabsorbent polymers come with the ability of water absorption and can retain the same. This property is expected to bolster demand for superabsorbent polymers, which, in turn, is expected propel growth of the global acrylic acid market in years to come.
Superabsorbent polymers are estimated to account for large part of the demand arising out of global acrylic acid market. These polymers are produced by making use of acrylic acid as one of its raw material. As such, increased demand for superabsorbent polymers is expected to trigger growth of the market in years to come.
The global acrylic acid market is likely to rise high on the augmented awareness about hygiene across all age groups across the globe. Escalated demand for use of products such as sanitary napkins, diapers for both adults and babies are forecasted to lead to the growth of the global acrylic acid market in years to come.
Global Acrylic Acid Market: Regional Outlook
Asia Pacific is estimated to exert dominance on the global acrylic acid market over the forecast tenure. Driven by the massive consumption of the product in the form of personal care products, surfactants, adhesives, and coatings in China and India, the regional market is likely to prosper in the years to come.
Furthermore, North America is also expected to play dominating role in the market. The region is estimated to be driven by the increased demand for adult incontinence.
The global acrylic acid market is segmented as:
- Paints and Coatings
- Adhesives and Sealants
- Sanitary Products
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For regional segment, the following regions in the Acrylic Acid market have been covered
- North America
- Asia Pacific
- Latin America
Reasons to Purchase this Report:
- Market dynamics scenario, along with growth opportunities of the market in the years to come
- Market segmentation analysis and strategies for growth including qualitative and quantitative research incorporating the micro and macro-economic factors of the Acrylic Acid market
- Regional and country level analysis and the demand and supply factors which are influencing the growth of the market
- Market value (USD Million) and volume (Units Million) data for each segment and sub-segment
- Competitive landscape which includes market share of leading stakeholders, along with key mergers, acquisitions and product offerings
- 1-year analyst support, along with the data support
We also can offer customized report to fulfil special requirements of our clients. Regional and Countries report can be provided as well.
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