Acrylic Acid Market
Regions Covered
USA
SEA
Europe
Regions Covered
USA
SEA
Europe
The global acrylic acid market is anticipated to grow at a CAGR of 6.9% and is expected to reach 14.5 billion USD by 2022. The global demand for acrylic acid is expected to exceed 7.0 MMT by 2022. The key factors that are responsible for acrylic acid market growth is the increasing demand for superabsorbent polymers (SAP), especially in the Asia Pacific region. SAP is predominantly used in the manufacture of baby diapers, female sanitary napkins, adult incontinence products and water treatment chemicals. Growing demand from surface & automobile coatings and adhesives & sealants production also drives the acrylic acid market. High volatility of feedstock prices and the recent environmental regulations in China restrict the growth of the acrylic acid market. Geographically, Asia Pacific is the largest market for acrylic acid in terms of volume. North America and Europe will have moderate growth in the forecast period due to the saturation from its downstream industries.
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