Glacial Acrylic Acid (GAA) Market size was valued at USD 2.5 Billion in 2022 and is projected to reach USD 4.0 Billion by 2030, growing at a CAGR of 7.0% from 2024 to 2030.
The global Glacial Acrylic Acid (GAA) market has experienced significant growth, driven by rising demand from key end-use industries such as adhesives, paints and coatings, textiles, and personal care products. As of 2024, the GAA market size is valued at approximately USD 12.5 billion and is expected to grow at a compound annual growth rate (CAGR) of 6.2% from 2025 to 2030. Factors such as growing industrialization, increasing consumer demand for sustainable products, and the expansion of the chemical sector are contributing to the market's growth. Additionally, advances in technology for GAA production have led to greater efficiency and reduced costs, making GAA more accessible and popular across various industries.
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The growing demand for eco-friendly and sustainable products is significantly boosting the GAA market, especially in industries like personal care, coatings, and adhesives.
Technological advancements in the production processes of GAA have improved efficiency, reducing production costs and boosting market supply.
With a rise in urbanization and industrialization, the demand for various industrial chemicals, including GAA, is on the rise globally, further driving market growth.
Fluctuations in raw material prices and supply chain disruptions can impact the profitability and growth of the GAA market.
Environmental concerns associated with chemical production and regulatory restrictions may pose challenges to market expansion.
The increase in demand for high-performance materials in industries such as automotive and construction is driving the adoption of GAA-based products.
There is a notable shift toward renewable sources for the production of GAA, helping to meet the increasing demand for bio-based chemicals in various applications.
The high cost of GAA production from bio-based sources compared to petrochemical-based sources may limit market growth in some regions.
Strict government regulations concerning environmental standards and emissions control can restrict production capabilities in certain regions.
North America dominates the GAA market due to robust demand from industries such as adhesives, paints and coatings, and water treatment.
The region also benefits from strong manufacturing capabilities, making it a key production hub for GAA in the global market.
Europe's GAA market is growing due to increasing investments in sustainable chemical production and stringent environmental regulations that favor eco-friendly alternatives.
The growing automotive and textile industries in the region further fuel the demand for GAA in various applications.
The Asia-Pacific region is expected to witness the fastest growth in the GAA market, driven by increasing industrialization and demand from emerging economies such as China and India.
High consumption in industries like textiles, personal care, and adhesives is contributing to the region's dominance in the global market.
Latin America is experiencing moderate growth in the GAA market, with Brazil being the largest consumer due to increased demand from the textile and paints industries.
Efforts to improve chemical production processes and expand manufacturing capacities are expected to boost market growth in the coming years.
The Middle East & Africa region has a small but growing share in the GAA market, driven by rising industrial and manufacturing activities in countries such as Saudi Arabia and the UAE.
Despite challenges in raw material procurement, the region's demand for GAA is expected to grow steadily, with an emphasis on water treatment and personal care applications.
What is Glacial Acrylic Acid (GAA)?
GAA is a highly purified form of acrylic acid used in the production of polymers, adhesives, coatings, and other industrial applications.
What is the primary use of GAA in the market?
GAA is primarily used in the production of superabsorbent polymers, coatings, and adhesives.
What are the main drivers of the GAA market?
The main drivers include increased industrialization, demand for eco-friendly products, and technological advancements in production methods.
What are the challenges in the GAA market?
Fluctuations in raw material prices and stringent environmental regulations pose significant challenges for the market.
Which region is expected to grow the fastest in the GAA market?
The Asia-Pacific region is expected to witness the fastest growth due to industrial expansion and increased demand from emerging economies.
What industries use GAA the most?
Industries such as adhesives, paints and coatings, textiles, and personal care products are the largest consumers of GAA.
What is the market size of GAA in 2024?
The market size of GAA in 2024 is valued at approximately USD 12.5 billion.
How is GAA produced?
GAA is produced through processes involving petrochemical-based or bio-based raw materials, with bio-based production being an emerging trend.
What is the expected CAGR of the GAA market from 2025 to 2030?
The GAA market is expected to grow at a CAGR of 6.2% from 2025 to 2030.
Is GAA production environmentally sustainable?
Bio-based GAA production is more sustainable compared to petrochemical-based methods, reducing the environmental impact.
Top Global Glacial Acrylic Acid (GAA) Market Companies
BASF
DOW
Nippon Shokubai
Arkema
LG Chem
Mitsubishi Chemical
Idemitsu Kosan
Hexion
Sasol
Formosa Plastics
Taixing Jurong Chemical
Zhejiang Satellite Petro Chemical
Shanghai Huayi Acrylic Acid
Sanmu Group
Shandong kaitai petrochemical
CNOOC
Regional Analysis of Global Glacial Acrylic Acid (GAA) Market
North America (Global, Canada, and Mexico, etc.)
Europe (Global, Germany, and France, etc.)
Asia Pacific (Global, China, and Japan, etc.)
Latin America (Global, Brazil, and Argentina, etc.)
Middle East and Africa (Global, Saudi Arabia, and South Africa, etc.)
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