Acrylic Acid Market Overview, Scope and Chemical Research 2018 To 2025
PUNE, India, August 14, 2018 /PRNewswire-iReach/ -- Industry Dataanalytics added Latest Research Report titled "Global Acrylic Acid Market Study Report 2018-2025″ to its Large Report database.
This market study describes the global Acrylic acid market, with focus on major countries and their subsequent demand for different applications. The study covers demand analysis for regions like North America, Western Europe, Central & Eastern Europe, Central & South America, Asia-Pacific and Middle East & Africa and major countries like the U.S., Canada, Mexico, Germany, France, Italy, U.K., Spain, Russia, Turkey, China, Japan, India, South Korea, Brazil, Egypt, Saudi Arabia, South Africa, and Iran.
The market is segmented mainly according to the type as commodity acrylates and glacial acrylic acid and by application such as acrylic esters (surface coatings, paper coatings, detergents, textiles, adhesives & sealants and plastic additives/co-monomers), superabsorbent polymers (water treatment, diapers and textiles).
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Top Leading Companies are: BASF SE, Nippon Shokubai Co.Ltd., Evonik Industries, LG Chem Ltd., Arkema SA, DowDuPont, PJSC Sibur Holding, Sasol Ltd, Mitsubishi Chemicals Holding Corporation, Hexion Incorporated, Others, Etc.
The report provides answers to the following key questions:
- How big is the Acrylic Acid market?
- How is the market evolving by demand, segment and region?
- What will the market size be in 2025 and at what rate will it grow?
- What trends, challenges and barriers are influencing its growth?
- Historical and future price trends for Acrylic Acid.
This independent 200 pages report guarantees you will remain better informed than your competition. With over 100 tables and figures examining the Acrylic Acid market, the report gives you a visual, one-stop breakdown of the leading products, submarkets and market leader's market revenue forecasts as well as analysis to 2025.
Furthermore, the report provides a detailed analysis of the global Acrylic Acid market with analysis of market size by value and volume. Along with this, an analysis of penetration rate and the average revenue generated per user (ARPU) in the market has also been done.
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Acrylic acid is one of the most versatile monomer primarily used as building blocks for many polymer formulations. Acrylic acid has two major markets – acrylic esters and glacial acrylic acid. Glacial acrylic acid is primarily used in manufacturing of Super Absorbent Polymer (SAP) which is primarily used in baby diapers and personal care. SAP is also used for water treatment and textiles. Acrylic Esters finds use in applications like surface coatings, paper treatment, detergents, plastic additives, textiles, sealants, adhesives and others.
Global consumption of Acrylic Acid is forecast to grow around 5.0% in the long-term forecast. The demand was slightly depressed in 2008-2009 on account of financial crisis and in 2014-2015 due to the volatility in crude oil prices. Historically, demand growth has been dominated by Asia-Pacific in volume terms, which has seen an average growth in demand of 8% per annum in the period 2000 to 2015, growth in developed markets of North America and Western Europe was much slower as compared to other regions. Demand from developing countries such as China and India is expected to lead the higher growth from Asian markets.
Growth in developed nations is modest as market for SAP is fully penetrated and acrylic esters market is growing line with the GDP. SAP growth in these regions is primarily driven by consumers switching to baby diapers. SAP growth will be the strongest in Asia-Pacific as the population in the developing countries continues to increase its use in disposable diapers and adult incontinence while it will be moderate in mature regions of North America, Western Europe and Japan.
Reasons for Buying this Report
- Acrylic Acid report provides pin-point analysis for changing competitive dynamics
- It provides a forward looking perspective on different factors driving or restraining market growth
- It provides a technological growth map over time to understand the industry growth rate
- It provides a five to seven-year forecast assessed on the basis of how the market is predicted to grow
- It helps in understanding the key product segments and their future Outlook.
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