Acrylic Acid Market Industry Demand Size Share Trend and Forecast To 2022

09/mar/2018 13:38:48 Market Research Future Contatta l'autore

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Acrylic Acid Market / Overview: Acrylic acid, a specialty petrochemical which has formula, is predicted to cross from 18.85 Million by 2022.

CH2 = CHOOH and CAS (Chemical Abstracts Services) Number 79-10-7. It is produced from propylene which is a byproduct of ethylene and gasoline production. Properties of acrylic acid includes colorless liquid, adaptable to low temperature, good weather ability, acidic odor easily with water, alcohols, ethers, and chloroform. These are different in number of applications, namely surface coatings, sealants and adhesives, agriculture, plastic sheets, diapers and others.

Market Highlights:

Acrylic acid, a specialty petrochemical which has formula CH2 = CHOOH and CAS (Chemical Abstracts Services) Number 79-10-7. It is produced from propylene which is a byproduct of ethylene and gasoline production. Properties of acrylic acid includes colorless liquid, adaptable to low temperature, good weather ability, acidic odor easily with water, alcohols, ethers, and chloroform. These are different in number of applications, namely surface coatings, sealants and adhesives, agriculture, plastic sheets, diapers and others. Water based adhesives are typically composed of adhesive polymers and acrylic monomers.

Monomers commonly used in water based adhesives, butyl acrylates, 2-ethyexyl acrylate, methacrylate, acrylic acid and many others.42% of the country's adhesives market by the end of 2019. With upcoming infrastructural projects such as railway tracks, metro rails as well as new wind energy farms, the country is set to witness a strong growth in the adhesives industry over the next five years . Also, automotive adhesives are expected to increase weight and composite joining adhesives from automobile manufacturers continuing to increase.

The manufacturing sector in India is still growing and manufacturing is growing with the country's manufacturing growth. The adhesives market in India is growing on the account of new product developments, which require joining of two similar or dissimilar substrates.Industrial adhesives are replacing mechanical fastener for bonding requirements, and the demand for these adhesives is expected to grow in line with the country's manufacturing growth.

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Segment Analysis:

Acrylic acid by type has been segmented into methyl acrylate, ethyl acrylate, butyl acrylate, 2-ethylhexyl acrylate, elastomers, superabsorbent polymers, and water treatment polymers. Superabsorbent polymer are one of the fastest growing segments of CAGR of 5.445% for the forecasted period. Tremendously, superabsorbent polymer are used in diapers, adult incontinence products, feminine hygiene products, agriculture and many others. The use of superabsorbent polymers revolutionized the diaper industry. Diaper manufacturers began to design diapers to take advantage of the amazing liquid retention ability of the polymer. Superabsorbent polymers absorb, about 30 times their weight in urine. Skin and clothing. The swollen gel holds the liquid.

Additionally, superabsorbent polymers is widely used in agriculture sector as well as in irrigation. Regions such as Iran, China, Europe, and USA, have extensively worked on utilizing. Various studies have strongly recommended that soil with Super Absorbent Polymers could be an innovative facet in the field of agriculture. Thus, tremendously for the forecasted period.

Scope of the study:
The scope of the study categorize the acrylic acid market as type, and application.

• By Type:
Methyl Acrylate
Ethyl Acrylate
Butyl Acrylate
2-Ethylhexyl Acrylat
Elastomers
Superabsorbent Polymers
Water Treatment Polymers

• By Application:
Adhesives
Diaper
Paper coating
Paint industry
Cement modifiers
Others

Key Player:

BASF,  
The Dow Chemical Company,  
Arkema,  
NIPPON SHOKUBAI CO.,  
LTD.,  
LG chemicals.,  
Shenyang Chemical Co Ltd's.,  
Mitsubishi Chemical.

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