Key Players in the Market: Arkema SA (France), BASF SE (Germany), Evonik Industries (Germany), LG Chem Ltd. (South Korea), Hexion Inc. (U.S.), Mitsubishi Chemical Holdings Corporation (Japan)
(PRWEB) April 17, 2015
The report Acrylic Acid Market defines and segments the global market with analysis and forecasting of volume consumed and value generated.
Browse 85 Market Data Tables and 53 Figures spread through 174 Pages and in-depth TOC on Acrylic Acid Market.
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The global market for acrylic acid & its derivatives is growing at a CAGR of 5.7% in terms of value, with Asia-Pacific leading in terms of consumption, followed by North America and Europe. The acrylic acid industry is segmented by its derivatives, types, applications, and region. Surface coatings consume the major share of acrylic esters produced globally. In terms of volume, the acrylic acid market is growing at a CAGR of 4.6% between 2014 and 2019.
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Asia-Pacific is the fastest growing market for acrylic acid derivatives across the world, followed by North America and Europe. Moreover, China and India are the fastest growing countries around the world between 2014 and 2019.
The opportunities also lie in the saturated demand for PMMA resins globally, which are being replaced by acrylic acid derivatives. Commercialization of the production of bio-based acrylic acid is also expected to present opportunities, supported by favorable growth in number of applications of super absorbent polymers, the overall acrylic acid & its derivatives market remains attractive for coming years.
The top countries in terms of consumption of Acrylic acid & its derivatives are U.S., China, Japan, Germany, etc.
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