Glacial Acrylic Acid Market size is estimated to be USD 1.8 Billion in 2024 and is expected to reach USD 3.2 Billion by 2033 at a CAGR of 7.5% from 2026 to 2033.
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The glacial acrylic acid (GAA) market is experiencing significant growth, driven by innovations and expanding applications across various industries. As of 2023, the global market was valued at approximately USD 2.79 billion, with projections indicating a rise to USD 3.60 billion by 2030, reflecting a Compound Annual Growth Rate (CAGR) of 3.7% during the forecast period. citeturn0search1
GAA's versatility is evident in its wide range of applications:
Superabsorbent Polymers (SAP): A significant portion of GAA is utilized in producing SAPs, which are essential in disposable diapers, adult incontinence products, and feminine hygiene items. The demand for these products is on the rise due to increasing hygiene awareness and a growing aging population. citeturn0search1
Adhesives, Coatings, and Sealants: GAA-based polymers are favored for their excellent bonding properties, flexibility, and resistance to environmental factors such as moisture and UV light. The booming construction industry and the growing automotive sector are driving demand for these products. citeturn0search0
Detergents and Water Treatment: GAA derivatives are used in formulating detergents and water treatment chemicals, contributing to the market's growth in these segments. citeturn0search3
The market's growth is also influenced by regional dynamics:
Asia Pacific: Dominating the global GAA market, the Asia Pacific region is projected to grow at a CAGR of 5.4% during the forecast period. Rapid industrialization, urbanization, and increasing demand for hygiene products are key factors contributing to this growth. citeturn0search1
North America: Holding a significant market share, North America is expected to grow at a CAGR of 4.1%, driven by the presence of well-established end-use industries such as adhesives, coatings, and plastics. citeturn0search3
Europe: With a market size of around USD 2.8 billion in 2023, Europe is anticipated to grow at a CAGR of 2.8%, supported by major automotive and construction industries. citeturn0search3
Recent advancements in the GAA market include:
BASF's Expansion in China: In March 2023, BASF began constructing a new production complex at its Verbund site in Zhanjiang, China. The complex includes facilities for GAA, butyl acrylate, and 2-ethylhexyl acrylate, aiming to meet the growing demand in the Asia Pacific region. citeturn0search7
Investment in Bio-Based Acrylic Acid: Companies are increasingly investing in bio-based acrylic acid production to align with sustainability goals. This shift is expected to influence the GAA market by introducing eco-friendly production methods and products. citeturn0search4
While the GAA market presents growth opportunities, it also faces challenges:
Environmental Concerns: The production and disposal of acrylic acid derivatives raise environmental issues, prompting the need for sustainable practices and bio-based alternatives. citeturn0search4
Regulatory Pressures: Stricter regulations regarding chemical manufacturing and emissions require companies to invest in compliance and process optimization. citeturn0search3
Supply Chain Dynamics: Global supply chain disruptions can impact the availability and cost of raw materials, affecting GAA production. citeturn0search2
The importance of Glacial Acrylic Acid Market research reports lies in their ability to aid strategic planning, helping businesses develop effective strategies by understanding market trends and dynamics. They play a crucial role in risk management by identifying potential risks and challenges, allowing businesses to mitigate them proactively. These reports offer a competitive advantage by providing insights into competitors' strategies and Glacial Acrylic Acid Market positioning. For investors, they provide critical data for making informed decisions by highlighting market forecasts and growth potential. Additionally, market research reports guide product development by understanding consumer needs and preferences, ensuring products meet market demands and drive business growth.
What are the Type driving the growth of the Glacial Acrylic Acid Market?
Growing demand for below Type around the world has had a direct impact on the growth of the Glacial Acrylic Acid Market:
Glacial Acrylic Acid for Super Absorbent Polymers(SAP), Glacial Acrylic Acid for Polyacrylates, Glacial Acrylic Acid for Detergent Cobuilders, Glacial Acrylic Acid for Other Products
What are the Applications of Glacial Acrylic Acid Market available in the Market?
Based on Application the Market is categorized into Below types that held the largest Glacial Acrylic Acid Market share In 2024.
Chemical Industry, Water Treatment Industry, Detergent Industry, Other Industries
Who is the largest Manufacturers of Glacial Acrylic Acid Market worldwide?
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
Short Description About Glacial Acrylic Acid Market:
The global Glacial Acrylic Acid Market is anticipated to rise at a considerable rate during the forecast period, between 2023 and 2031. In 2022, the market is growing steadily, and with the increasing adoption of strategies by key players, the market is expected to rise over the projected horizon.
North America, particularly the United States, will continue to play a pivotal role in the market's development. Any changes in the United States could significantly impact the Glacial Acrylic Acid Market growth trends. The market in North America is projected to grow considerably during the forecast period, driven by the high adoption of advanced technology and the presence of major industry players, creating ample growth opportunities.
Europe is also expected to experience significant growth in the global market, with a strong CAGR during the forecast period from 2024 to 2031.
Despite intense competition, the clear global recovery trend keeps investors optimistic about the Glacial Acrylic Acid Market, with more new investments expected to enter the field in the future.
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Which regions are leading the Glacial Acrylic Acid Market?
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
What are the global trends in the Glacial Acrylic Acid Market? Would the market witness an increase or decline in the demand in the coming years?
What is the estimated demand for different types of products in Glacial Acrylic Acid Market? What are the upcoming industry applications and trends for the Glacial Acrylic Acid Market?
What Are Projections of Global Glacial Acrylic Acid Market Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about imports and Export?
Where will the strategic developments take the industry in the mid to long-term?
What are the factors contributing to the final price of Glacial Acrylic Acid Market? What are the raw materials used for Glacial Acrylic Acid Market manufacturing?
How big is the opportunity for the Glacial Acrylic Acid Market? How will the increasing adoption of Glacial Acrylic Acid Market for mining impact the growth rate of the overall market?
How much is the global Glacial Acrylic Acid Market worth? What was the value of the market In 2020?
Who are the major players operating in the Glacial Acrylic Acid Market? Which companies are the front runners?
Which are the recent industry trends that can be implemented to generate additional revenue streams?
What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Glacial Acrylic Acid Market Industry?
1. Introduction of the Glacial Acrylic Acid Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Glacial Acrylic Acid Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Glacial Acrylic Acid Market, By Product
6. Glacial Acrylic Acid Market, By Application
7. Glacial Acrylic Acid Market, By Geography
North America
Europe
Asia Pacific
Rest of the World
8. Glacial Acrylic Acid Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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