Glacial Acrylic Acid Market Report Expects the Market Value of USD 21.8 BN By 2027
Posted On February 12, 2021
The Global Glacial Acrylic Acid Market is anticipated to grow at a compound annual growth rate (CAGR) of 10.75% during 2020-2027. The market will outgrow to USD 21.8 BN by 2027 as per the research conducted by Value Market Research. Glacial acrylic acid is the simplest carboxylic acid used to produce polymers, acrylate esters, and feedstock for chemical syntheses. The growing need for a versatile building block for use in acrylic chemistry is the primary driver for this market's growth. The use of this co-monomer as an additive in a wide range of applications like paints, coatings, adhesives, construction, detergents, personal care, leather treatments, textile chemicals, acrylic resin manufacture, water treatment will benefit market growth. The increasing demand for superabsorbents (SAPs) for diapers and hygienic products will further propel market growth. The rising demand for this acid in several other sectors like horticulture, landscaping, soil conditioning, cables, drilling fluids, and transportation will be a market booster. The main challenge faced by the market is the corrosive nature of this acid.
Glacial acrylic acid is an unsaturated monocarboxylic acid that acts as a very useful feedstock in the manufacture of many low molecular compounds because of its ability to readily undergo addition and polymerization reactions with various organic and inorganic compounds. The several beneficial properties include flexibility, good weathering, adhesion, hardness, and resistance to abrasion and oils. Glacial acrylic acid plays a significant role in producing superabsorbent polymers and carbomers and is used as an adduct in a variety of copolymer-based end-user products across various sectors. Care must be taken to ensure proper ventilation of the workplace and wear protective equipment while handling this acid.
"Global Glacial Acrylic Acid Market Report By Purity (Glacial Acrylic Acid 100%, Glacial Acrylic Acid 80%), By Application (Super Absorbent Polymers (SAP), For Polyacrylates, Detergent Cobuilders, Others) And By Regions - Industry Trends, Size, Share, Growth, Estimation And Forecast, 2020-2027" report begins with the market introduction, market snapshot followed by in-depth regional revenue/volume for the next six years. The geo-economic factors and historic glacial acrylic acid industry trends are analysed to foresee and predict the forecasts for next six years.
On the basis of purity the market is segmented into Glacial Acrylic Acid 100%, Glacial Acrylic Acid 80%. By application the glacial acrylic acid market is categorised as Super Absorbent Polymers (SAP), For Polyacrylates, Detergent Cobuilders, Others. The geographical segmentation of the report highlights the share of the revenue/volume spread globally as per region and country. The study in segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa regions.
The Report Segments Global Glacial Acrylic Acid Market -
- Glacial Acrylic Acid 100%
- Glacial Acrylic Acid 80%
- Super Absorbent Polymers (SAP)
- For Polyacrylates
- Detergent Cobuilders
- North America
- the Asia Pacific
- Latin America
- The Middle East and Africa
Players Profiled In the Report:
BASF, DowDuPont, Nippon Shokubai, Arkema, LG Chem, Mitsubishi Chemical, Idemitsu Kosan, Hexion, Sasol, Formosa Plastics.
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