Market Overview
Global Acrylic Acid Market size and share is currently valued at USD 14.12 billion in 2024 and is anticipated to generate an estimated revenue of USD 20.66 billion by 2034, according to the latest study by Polaris Market Research. Besides, the report notes that the market exhibits a robust 3.9% Compound Annual Growth Rate (CAGR) over the forecasted timeframe, 2025 – 2034
The Acrylic Acid market is witnessing substantial growth as it serves as a key raw material for a wide range of industries. Acrylic acid is a versatile chemical used in the production of superabsorbent polymers (SAPs), acrylic esters, adhesives, coatings, paints, textiles, detergents, and water treatment chemicals. Its high reactivity, water solubility, and ability to form durable polymers make it indispensable in numerous industrial applications.
Rising demand for hygiene products, including diapers and adult incontinence products, has driven growth in superabsorbent polymers, a major application segment of acrylic acid. Increasing industrialization, urbanization, and construction activities are further contributing to the need for acrylic acid-based adhesives, coatings, and paints. Additionally, water treatment and wastewater management applications of acrylic acid are gaining traction due to global focus on sustainability and environmental protection.
Key Market Growth Drivers
- Rising demand for superabsorbent polymers: Growth in hygiene products and medical applications fuels acrylic acid consumption.
- Expansion of construction and industrial sectors: Adhesives, coatings, and paints derived from acrylic acid are widely used in building and infrastructure projects.
- Growth in water treatment applications: Acrylic acid-based chemicals improve water quality and reduce contaminants.
- Advancements in polymer chemistry: Acrylic acid serves as a vital intermediate for high-performance polymer materials.
- Rising hygiene awareness and disposable product usage: Increased use of diapers, wipes, and sanitary products drives SAP demand.
𝐌𝐚𝐣𝐨𝐫 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬:
- Shanghai Huayi Acrylic Acid Co., Ltd
- NIPPON SHOKUBAI CO., LTD.
- Dow
- Sinopec
- Formosa Plastics Corporation
- Sasol
- Wanhua
- Vigon International, LLC.
- SMC
- BASF
- Arkema
- LG Chem
𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐓𝐡𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐂𝐨𝐦𝐩𝐫𝐞𝐡𝐞𝐧𝐬𝐢𝐯𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐇𝐞𝐫𝐞: https://www.polarismarketresearch.com/industry-analysis/acrylic-acid-market
Market Challenges and Opportunities
Challenges
- Volatility in raw material prices: Propylene, a key feedstock, experiences fluctuating costs that impact production.
- Stringent environmental regulations: Emissions control and wastewater treatment requirements can affect production processes.
- Safety and handling concerns: Acrylic acid is corrosive and requires careful storage and transportation protocols.
- Competition from alternative chemicals: Methacrylic acid and other polymer intermediates may substitute acrylic acid in some applications.
Opportunities
- Development of bio-based acrylic acid: Sustainable and environmentally friendly production processes offer growth potential.
- Expansion in emerging markets: Rising demand in Asia-Pacific, Latin America, and Africa due to industrial and construction growth.
- Innovation in high-performance polymers: Acrylic acid enables advanced adhesives, coatings, and superabsorbent materials.
- Integration with eco-friendly formulations: Water-soluble and biodegradable acrylic polymers cater to sustainability trends.
Market Segmentation
The acrylic acid market can be segmented by type, application, and end-user industry:
- By Type: Standard acrylic acid and derivatives (acrylic esters, acrylates).
- By Application: Superabsorbent polymers, adhesives and sealants, coatings and paints, water treatment chemicals, textiles, detergents, and others.
- By End-User Industry: Personal care and hygiene, construction, automotive, textiles, water treatment, and industrial manufacturing.
Superabsorbent polymers dominate the market due to their extensive use in disposable hygiene products, medical applications, and adult care items. Adhesives, coatings, and paints are growing segments as acrylic acid improves adhesion, durability, and chemical resistance. Water treatment applications are expanding as environmental regulations and water quality management initiatives increase globally.
Regional Analysis
- North America: A mature market driven by demand for hygiene products, construction, and industrial applications. The U.S. leads in technological adoption and high-performance polymer usage.
- Europe: Growth supported by stringent hygiene and environmental standards, rising construction activities, and advanced polymer manufacturing. Germany, France, and the UK are major contributors.
- Asia-Pacific: The fastest-growing region due to industrialization, urbanization, and increasing hygiene product consumption in China, India, Japan, and Southeast Asia.
- Latin America: Moderate growth fueled by rising construction, industrial applications, and expanding hygiene product adoption in Brazil, Mexico, and Argentina.
- Middle East & Africa: Gradual adoption driven by infrastructure development, water treatment needs, and industrial expansion in Saudi Arabia, UAE, and South Africa.
Future Outlook
The future of the Acrylic Acid market is promising, with continued demand for superabsorbent polymers, adhesives, coatings, and water treatment chemicals driving growth. Innovations in polymer chemistry, bio-based production, and high-performance acrylic derivatives will support market expansion.
Emerging markets, particularly in Asia-Pacific and Latin America, will play a critical role due to growing industrialization, construction, and hygiene product demand. Eco-friendly acrylic acid formulations and sustainable polymer solutions will further enhance adoption, addressing environmental and regulatory concerns.
High-performance polymer applications in automotive, construction, and personal care industries will continue to fuel acrylic acid demand. Advances in water treatment chemicals and biodegradable polymer solutions will cater to sustainability trends, ensuring long-term growth.
More Trending Latest Reports By Polaris Market Research:
Communication Platform As A Service Market
Military Embedded Systems Market