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) March 13, 2015
The new report about, "Acrylic Acid & Its Derivatives Market by Derivative Types (Esters/Acrylates - Methyl, Ethyl, Butyl, 2-EH, Polymers - Elastomers, SAP, Water Treatment Polymers, Other Derivatives), Applications & Geography - Global Trends & Forecast to 2019", defines and segments the global acrylic acid market with analysis and forecasting of volume consumed and value generated. The acrylic acid consumption is projected to grow from 5,570 KT in 2014 to 6,974 KT by 2019, at a CAGR of 4.60% during the same period.
Browse 85 Market Data Tables and 53 Figures spread through 174 Pages and in-depth TOC on “Acrylic Acid & Its Derivatives Market”.
Early buyers will receive 10% customization on this report.
The report also defines driving and restraining factors for the global acrylic acid market with the analysis of trends, opportunities, burning issues, winning imperatives, and challenges. Some of the drivers include growing demand from the emerging markets and the increase in applications of super absorbent polymers. The acrylic acid and its derivatives market is experiencing moderate growth, especially in Asia-Pacific and North America, due to the increased applications of super absorbent polymers in diapers and training pants.
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The market is forecasted on the basis of major regions, such as North America, Europe, Asia-Pacific, and Rest of the World both by value and volume. The regional acrylic acid & its derivatives market is further segmented on the basis of derivative type and their major applications.
“Asia-Pacific is the Biggest Market of Acrylic Acid & its derivatives”
The Asia-Pacific region was the world’s largest market for acrylic acid & its derivatives, both, in terms of volume and value in 2013. China is the key consumer of acrylic acid and its derivatives in Asia-Pacific. Various expansions and new product developments in the acrylic acid & its derivatives industry and the growing applications of super absorbent polymers have in turn made the region a potential growth market for acrylic acid and its derivatives market.
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Expansion and new product development are the major growth strategies adopted by industry players. Most of the companies are engaged in expanding their existing facilities or are investing in research and development to develop new products to abide by the environmental regulation.
The report forecasts value of the global acrylic acid & it derivatives market and its various sub-markets with respect to main regions namely, Asia-Pacific, Europe, North America, and Rest of the World.
The report segments the global acrylic acid & it derivatives market by its derivative types and their subsequent end-use applications.
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