Acrylic Acid Market Size To Reach $18.11 Billion By 2030

Acrylic Acid Market Growth & Trends

The global acrylic acid market size is anticipated to reach USD 18.11 billion by 2030, according to a new report by Grand View Research, Inc. The market is projected to grow at a CAGR of 4.1% from 2024 to 2030. Increasing glacial acrylic acid (GAA) demand in superabsorbent polymers (SAP) production is expected to remain key driving factor for market growth. Growing SAP scope in niche segments including adult incontinence, water treatment chemicals and radiation cured coatings in emerging markets of Asia Pacific and Central & South America is expected to play a significant role in demand development.                              

Acrylate esters were the largest product consumed with demand share estimated over 50% in 2014. Growing demand for derivatives such as ethyl acrylate, butyl acrylate and 2-EHA in paints, coatings and textiles is expected to drive the product’s growth. Glacial acrylic acid is expected to witness the highest growth of 5.7% from 2015 to 2022. 

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Acrylic Acid Market Report Highlights

• Acrylate esters dominated the market with 56.8% of revenue share in 2023. This is due to their versatile applications in various industries, including paints, coatings, adhesives, and textiles.

• Personal care products accounted for the largest market revenue share of 31.8% in 2023 due to its use in superabsorbent polymers (SAPs).

• Asia Pacific market dominated the market with 40.0% of revenue share in 2023. The market is expected to grow during the forecast period due to the rapid industrialization, urbanization, and increasing disposable incomes.

Acrylic Acid Market Segmentation

Grand View Research has segmented the global acrylic acid market report based on application, end use, and region.

Acrylic Acid Application Outlook (Revenue, USD Million, Volume in Kilo Tons, 2018 - 2030)

• Acrylate Esters

• Glacial Acrylic Acid

• Others

Acrylic Acid End Use Outlook (Revenue, USD Million, Volume in Kilo Tons, 2018 - 2030)

• Surfactants & Surface Coatings

• Organic Chemicals

• Adhesives and Sealants

• Textiles

• Water Treatment

• Personal Care Products (Superabsorbent diapers, etc.)

• Others

Acrylic Acid Regional Outlook (Revenue, USD Million, Volume in Kilo Tons, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Belgium

  • Germany

  • France

• Asia Pacific

  • China

  • Japan

  • India

• Latin America

  • Brazil

• Middle East and Africa (MEA)

  • Saudi Arabia

List of Key Players in the Acrylic Acid Market

• Vigon International, LLC.

• SMC

• BASF SE

• Arkema

• LG Chem

• Shanghai Huayi Acrylic Acid Co., Ltd

• NIPPON SHOKUBAI CO., LTD.

• Dow

• Sinopec

• Formosa Plastics Corporation, U.S.A.

• Sasol

• Wanhua