Market Research Future Published Study Research Report on Acrylic Acid Market Research Report- Forecast to 2022
Industry Update News/Advancements:
Last year, “SK Innovation” acquired the business of EAA (ethylene acrylic acid) to grow its chemical markets. The firm is looking forward to developing a synergy by linking with current manufacturing & product technologies. DuPont’s ethylene acrylic acid resins offer brilliant adhesion to polar and aluminium substrates. Their advantages comprise low-temperature seal initiation and higher product-life.
In October 2018 – Nippon Shokubai Co., Osaka, Japan, has announced its Indonesian subsidiary, PT. Nippon Shokubai Indonesia, (NSI)’s plan of building an acrylic acid production plant in Indonesia.
In September 2018 – Bharat Petroleum Corp Ltd (BPCL), India, has sanctioned an amount of Rs 11,130 crore for the setting up a petrochemical unit at Kochi refinery in Kerala.
In May 2018 – Mitsubishi Chemical Corporation (MCC), Tokyo, and Indian Oil Corporation Limited (IOC) have signed an agreement for the manufacturing of acrylic acid and acrylic acid ester in India.
In April 2018 – researchers at the Friedrich-Alexander-University have announced the development of a new bio-based production process of acrylic acid leveraging liquid phase dehydration of fermented lactic acid.
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Acrylic Acid Market Overview:
The acrylic acid market is predicted to grow at about 5.1 percent CAGR from 2018 to 2022 (forecast period). The product is generated from propylene, a derivative during the production of gasoline & ethylene. Its features are colorlessness, climatic endurance, low-temperature adaptability, and others. These positive features bode well for the industry and drive its sales.
Demand from the sectors of adult-incontinence, personal care, & detergents have also raised industry growth. Other vital industry propellers are acrylic-based Asian Pacific applications, demand for superabsorbent polymers, and the expanding sealants & adhesives industry.
Strong regulations on organic compounds exist in Europe and North America owing to their eco-concerns. Because of the probable drawbacks, their growth is limited. Manufacturers intend on research & developments to locate eco-based roots for raising the market size & production. Additionally, higher demand for PMMA resins and lucrativeness of bio-based compounds across end-users will create further opportunities for investors.
Acrylic Acid Market Key Players:
Companies participating in the acrylic acid market include BASF SE, Dow Chemical Company, Myriant Corporation, SIBUR, and the Lubrozol Corporation. Contracts and product innovations are some of the key strategies employed by these players to succeed in their endeavors and generate higher revenues.
Acrylic Acid Market Segmentation:
The acrylic acid industry is fragmented into applications, derivatives, and geographies. Adhesives & sealants, surface coatings, plastic additives, diapers, textiles, water treatment, and surfactants constitute the applications. As of now, diapers lead the market and will continue doing so till the end of the forecast period.
Surfactants are the most rapidly growing sub-segment. Acrylic surfactants are adopted to improve the luster, agility, & endurance of coatings. They enhance the mechanical strength and durability of paints. All these factors propel the demand for surfactants.
Derivatives consist of acrylate polymers, acrylate esters, and others. Acrylate esters are dominating the market and likely to continue likewise in the near future. Acrylate polymers can be the most rapidly expanding sub-segment over the forecast period. They are broadly employed for binders, coatings, cosmetics, aircraft canopies, gun turrets, etc.
Widely recognized for their purity, advanced technology, and consistency, they are used across various applications. Acrylate esters have tremendous potential for further growth till 2022. Geographies under which the acrylic acid market is categorized; include Asia Pacific, Europe, North America, and rest of the world (Africa and the Middle East).
Acrylic Acid Market Table Of Contents to be Continue….,
Browse key industry insights spread across 166 pages with 177 market data tables & 34 figures & charts from the report, “Acrylic Acid Market Global Information: by Type (Superabsorbent Polymers, Methyl Acrylate, Ethyl Acrylate, Elastomers, Butyl Acrylate), Application (Paper Coating, Adhesives & Sealants, Agriculture, Plastic Sheets, Diapers) and Region – Growth Potential, Price Trends, Competitive Market Share & Forecast, 2022” in detail along with the table of contents@ https://www.marketresearchfuture.com/reports/acrylic-acid-market-2571
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