San Francisco, California (PRWEB) June 02, 2014
The global market for acrylic acid is expected to reach USD 22.78 billion by 2020, according to a new study by Grand View Research, Inc. Increasing adoption of super absorbent polymers in emerging economies such as India, China and Brazil is expected to be a key driver for the market over the forecast period. In addition, the growing demand for high strength materials with superior thermal resistance from the surface coating market is expected to boost demand for acrylic acid over the next six years. Volatile raw material prices and strict regulatory scenario in North America and Europe are expected to be key challenges for market participants. Consequently, companies have been working on the development of bio-based acrylic acid to overcome the above mentioned restraints.
Acrylate ester was the largest product segment for the market accounting for 2,864.5 kilo tons of demand in 2013. These products are extensively used in applications such as surface coating, adhesive and sealants, textiles, printing inks and plastic additives.
The report “Acrylic Acid Market Analysis By Product (Acrylate Esters, Glacial Acrylic Acid) And Segment Forecasts To 2020,” is available now to Grand View Research customers at http://www.grandviewresearch.com/industry-analysis/acrylic-acid-market.
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Further key findings from the study suggest:
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For the purpose of this study, Grand View Research has segmented the global acrylic acid market on the basis of application, product and region:
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About Grand View Research
Grand View Research, Inc. is a market research and consulting company that provides off-the-shelf, customized research reports and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and energy. With a deep-seated understanding of varied business environments, Grand View Research provides strategic objective insights. For more information, visit http://www.grandviewresearch.com.
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