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
Acrylic acid is a colorless, corrosive liquid organic compound primarily used as a precursor for acrylate esters and superabsorbent polymers (SAPs). It is produced mainly through the oxidation of propylene, a by-product of petroleum refining. Known for its high reactivity and versatility, acrylic acid is widely utilized in the formulation of products such as adhesives, paints, textiles, plastics, detergents, and diapers.
Its ability to undergo polymerization and co-polymerization with other monomers makes it essential for the production of acrylic-based materials that exhibit durability, flexibility, water resistance, and adhesion. Acrylic acid's unique properties, such as high tensile strength and water absorbency, make it a foundational component in the manufacture of hygiene products like adult incontinence items, baby diapers, and feminine hygiene pads.
As industries adopt more advanced performance materials and personal care demands continue to rise globally, the relevance of acrylic acid in industrial chemistry and consumer goods manufacturing continues to grow.
Key Market Growth Drivers
- Rising demand for superabsorbent polymers (SAPs):
One of the primary drivers of the acrylic acid market is its use in producing SAPs, particularly in hygiene products. With increasing birth rates in developing regions, a growing elderly population in mature markets, and heightened health awareness, demand for high-quality diapers and adult incontinence products has surged. SAPs, made from polyacrylic acid derivatives, can absorb and retain large volumes of liquid, making them essential in these products. - Expanding construction and coatings sector:
Acrylic acid-based products are extensively used in architectural coatings, waterproofing agents, adhesives, and sealants due to their superior bonding and weather-resistant characteristics. As urbanization increases and infrastructure investments rise in Asia-Pacific, the Middle East, and Africa, the need for high-performance materials in construction is bolstering demand for acrylic acid and its derivatives. - Growth in personal care and household applications:
Acrylic acid is used in producing various consumer goods, including hair styling gels, lotions, floor polishes, and detergents. Increasing disposable income, evolving consumer preferences, and an emphasis on hygiene and personal grooming are driving growth in the personal care and cleaning product markets, which in turn is increasing the consumption of acrylic acid. - Industrial applications in textiles and plastics:
The textile industry utilizes acrylic acid-based formulations for fabric finishing, coatings, and dyeing processes, while plastic manufacturers employ it in the production of impact-resistant and durable materials. The ongoing demand for functional textiles and advanced polymers supports the expansion of acrylic acid usage in these sectors.
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https://www.polarismarketresearch.com/industry-analysis/acrylic-acid-market
Market Challenges
- Volatility in raw material prices:
The production of acrylic acid is heavily reliant on propylene, which is derived from crude oil. Fluctuating oil prices and changes in propylene availability directly impact acrylic acid production costs. This raw material dependency introduces uncertainty in pricing and profitability, especially during periods of energy market instability. - Environmental and health concerns:
Acrylic acid is a hazardous material that poses health risks such as skin and eye irritation, and its manufacturing process generates emissions that must be managed under stringent environmental regulations. Governments and regulatory bodies, particularly in North America and Europe, are enforcing tighter standards for emissions and waste management, which may increase production costs and compliance burdens for manufacturers. - Shift toward bio-based alternatives:
In response to environmental pressures and consumer demand for sustainable products, the industry is exploring bio-based acrylic acid alternatives derived from renewable feedstocks like glycerol or lactic acid. While these alternatives offer reduced environmental impact, they are not yet cost-competitive or widely available, presenting a potential disruption to the traditional acrylic acid value chain in the future. - Technical complexity in SAP production:
Producing superabsorbent polymers requires high levels of technical expertise and precise control of polymerization processes. Any deviation can lead to substandard absorbency or structural integrity, making quality assurance a critical concern for SAP manufacturers. Companies must continuously invest in R&D to refine processes and meet performance specifications, particularly as consumer standards rise.
Regional Analysis
Asia-Pacific leads the global acrylic acid market, both in production and consumption. China, India, Japan, and South Korea are major contributors due to their rapidly expanding industrial bases, growing population, and robust demand from end-use sectors such as personal care, construction, and textiles. China, in particular, has emerged as a dominant player, benefiting from large-scale manufacturing capabilities and domestic consumption.
North America is a mature market for acrylic acid, with the United States being a key producer and consumer. The region benefits from strong hygiene product demand, technological innovation in coatings and adhesives, and a well-established chemical industry. Environmental regulation and the shift toward sustainable chemicals are influencing product innovation and R&D in this region.
Europe holds a significant share in the acrylic acid market, particularly driven by stringent environmental regulations that encourage advanced and cleaner production methods. Countries such as Germany, France, and the Netherlands are investing in sustainable technologies and are also exploring bio-based acrylic acid research initiatives. The region also maintains strong demand from automotive coatings, adhesives, and hygiene product manufacturers.
Latin America and Middle East & Africa are emerging as promising markets due to increased investments in construction, healthcare, and consumer goods. In these regions, rising incomes and urban development are driving the demand for paints, coatings, and hygiene products, thereby stimulating acrylic acid consumption.
Key Companies
The acrylic acid market is dominated by several multinational corporations that operate integrated production facilities and offer a wide range of derivative products. These companies are focusing on sustainability, geographic expansion, and strategic partnerships to maintain competitiveness.
- 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
Conclusion
The acrylic acid market is poised for steady growth as demand rises across critical sectors such as personal hygiene, construction, textiles, and consumer products. While challenges such as raw material volatility and environmental concerns remain, ongoing innovations in bio-based alternatives and sustainable production processes are likely to shape the future of the market. With strong regional activity and the continued development of end-use industries, acrylic acid will remain a vital chemical in the global industrial and consumer landscape.
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