Glacial Acrylic Acid Market Size, Share & Trends Analysis Report By Application (Nappies, Adult And Feminine Hygiene, Detergents, Adhesives, Coatings And Sealants, Water Treatment And Others), By Region, And Segment Forecasts, 2023-2031

Report ID : 1519 | Published : 2023-03-15 | Pages: 180 | Format: PDF/EXCEL

The Global Glacial Acrylic Acid Market Size is valued at 2484.41 million in 2022 and is predicted to reach 3227.84 million by the year 2031 at an 3.09% CAGR during the forecast period for 2023-2031.

Glacial acrylic acid (GAA) is a crystalline, odorless liquid with a strong smell. It reacts quickly. CH2=CHCO2H is the chemical formula for it. Propene is oxidized catalytically to generate GAA. Creating infant diapers, feminine grooming, and personal care products primarily uses superabsorbent polymers.

Glacial acrylic acid Market

The GAA market is therefore growing as a result of the increase in consumption of polypropylene fibers in hygiene products and personal care products. Several factors are driving the expansion of the global glacial acrylic acid market, including a rise in the production of protective coatings, gelling agents, adhesives & sealants, and extensive usage of GAA as a chemical feedstock. This is due to GAA's ability to waste.

Additionally, the dwindling petroleum reserves, fluctuating propylene prices, and the availability of materials are expected to restrain the market. The market is expected to be constrained during the forecast period by the fluctuation of propylene prices and the low level of awareness and acceptability of GAA in emerging countries.

Furthermore, it is estimated that the growing SAP presence in niche markets, including adult incontinence, water treatment additives, and radiation-treated coatings, would be crucial to the expansion of the acrylic acid market over the projected decade. Moreover, the market is also anticipated to benefit from an increase in the manufacturing of adhesives & sealants, surface coatings, and surfactants in various emerging nations.

Recent Developments:

  • In April 2022-Wanhua said it would invest USD 3.6 billion in constructing a chemical plant in China by 2024. Additionally, this complex will produce polyether polyols, acrylic acid, polypropylene, and propylene oxide.
  • In August 2021, BASF SE and SINOPEC decided to expand the Verbund site in Nanjing, China, which is run by BASF-YPC Co. Ltd, a 50/50 joint venture between the two businesses. It also includes the capacity development of various downstream chemical units to accommodate the expanding Chinese market, including a new tert-Butyl acrylate factory.

Competitive Landscape:

Major key players in the glacial acrylic acid market are:

  • Arkema
  • BASF SE
  • Dow Inc
  • Evonik Industries
  • Exxon Mobil Corporation
  • Formosa Plastics Corporation
  • Hexion Inc.
  • LG Chem
  • Mitsubishi Chemical Holdings Corporation
  • Myriant Corporation
  • Nippon Shokubai Co Ltd
  • Novomer Inc
  • PJSC Sibur Holding
  • Sanmu Group
  • Shandong Kaitai Petrochemical Co., Ltd.
  • Shanghai Huayi Acrylic Acid Co. Ltd
  • Shell Chemicals
  • SHOKUBAI CO. LTD
  • SIBUR
  • Taixing Jurong Chemical Co Ltd
  • The Lubrizol Corporation

Market Segmentation:

The glacial acrylic acid market is segmented based on applications. Based on applications, the market is segmented as nappies, adult and feminine hygiene, detergents, adhesives, coatings and sealants, water treatment and others.

Based on applications, the nappies segment is a significant contributor to the glacial acrylic acid market.

The nappies category will hold a significant share of the global glacial acrylic acid market in 2021. Glacial acrylic acid is used in waterproof polymers in biodegradable newborn diapers. Sectionally, polyacrylates are polymeric polymers because they can hold 100 times more liquid than their weight. The usage of polyurethanes (pads, diapers, and hygiene products) is anticipated to increase due to increased hygiene awareness among all population groups, which could increase acrylic acid use throughout the expected period.

The North American glacial acrylic acid market holds a significant revenue share.

The North American glacial acrylic acid market is expected to register the highest market share in revenue shortly. The demand for adult urinary products is anticipated to rise as the senior population increases in the United States and Canada. This will probably lead to an increase in GAA production shortly. A large newborn population and rising disposable income, which result in more spending on hygiene and cleanliness care, are blamed for the country's need for personal hygiene goods. As a result, the acrylic acid market is projected to grow over the projection period. In addition, Asia Pacific is projected to proliferate in the global glacial acrylic acid market. The growing demand for baby diapers in developing nations like South Korea and China has boosted the need for superabsorbent polymers (SAPs). Glacial acrylic acid is also widely utilized in various sectors, such as textile chemicals, sealants, coatings, masonry, water treatment, detergents, leatherette solutions, and adhesives.

Glacial Acrylic Acid Market Report Scope:

Report Attribute

Specifications

Market size value in 2022

USD 2484.41 million

Revenue forecast in 2031

USD 3227.84 million

Growth rate CAGR

CAGR of 3.09% from 2023 to 2031

Quantitative units

Representation of revenue in US$ Million, Volume in Kiloton and CAGR from 2023 to 2031

Historic Year

2019 to 2022

Forecast Year

2023-2031

Report coverage

The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends

Segments covered

Application

Regional scope

North America; Europe; Asia Pacific; Latin America; Middle East & Africa

Country scope

U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico ;The UK; France; Italy; Spain; China; Japan; India; South Korea; South East Asia; South Korea; South East Asia

Competitive Landscape

Arkema, BASF SE, Dow Inc, Evonik Industries, Exxon Mobil Corporation , Formosa Plastics Corporation, Hexion Inc., LG Chem, Mitsubishi Chemical Holdings Corporation, Myriant Corporation, Nippon Shokubai Co Ltd, Novomer Inc, PJSC Sibur Holding , Sanmu Group, Shandong Kaitai Petrochemical Co., Ltd. , Shanghai Huayi Acrylic Acid Co. Ltd, Shell Chemicals, SHOKUBAI CO. LTD, SIBUR, Taixing Jurong Chemical Co Ltd, The Lubrizol Corporation

Customization scope

Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape.

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Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions

Chapter 2. Executive Summary

Chapter 3. Global Glacial Acrylic Acid Market Snapshot

Chapter 4. Global Glacial Acrylic Acid Market Variables, Trends & Scope
4.1. Market Segmentation & Scope
4.2. Drivers
4.3. Challenges
4.4. Trends
4.5. Investment and Funding Analysis
4.6. Industry Analysis – Porter’s Five Forces Analysis
4.7. Competitive Landscape & Market Share Analysis
4.8. Impact of Covid-19 Analysis

Chapter 5. Market Segmentation 1: by Application Estimates & Trend Analysis
5.1. by Application & Market Share, 2019 & 2031
5.2. Market Size (Value (US$ Mn) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Application:

5.2.1. Nappies
5.2.2. Adult and Feminine Hygiene
5.2.3. Detergents
5.2.4. Adhesives, Coatings and Sealants
5.2.5. Water Treatment
5.2.6. Others

Chapter 6. Glacial Acrylic Acid Market Segmentation 2: Regional Estimates & Trend Analysis
6.1. North America

6.1.1. North America Glacial Acrylic Acid Market Revenue (US$ Million) Estimates and Forecasts by Application, 2023-2031
6.1.2. North America Glacial Acrylic Acid Market Revenue (US$ Million) Estimates and Forecasts by country, 2023-2031

6.2. Europe

6.2.1. Europe Glacial Acrylic Acid Market Revenue (US$ Million) Estimates and Forecasts by Application, 2023-2031
6.2.2. Europe Glacial Acrylic Acid Market Revenue (US$ Million) Estimates and Forecasts by country, 2023-2031

6.3. Asia Pacific

6.3.1. Asia Pacific Glacial Acrylic Acid Market Revenue (US$ Million) Estimates and Forecasts by Application, 2023-2031
6.3.2. Asia Pacific Glacial Acrylic Acid Market Revenue (US$ Million) Estimates and Forecasts by country, 2023-2031

6.4. Latin America

6.4.1. Latin America Glacial Acrylic Acid Market Revenue (US$ Million) Estimates and Forecasts by Application, 2023-2031
6.4.2. Latin America Glacial Acrylic Acid Market Revenue (US$ Million) Estimates and Forecasts by country, 2023-2031

6.5. Middle East & Africa

6.5.1. Middle East & Africa Glacial Acrylic Acid Market Revenue (US$ Million) Estimates and Forecasts by Application, 2023-2031
6.5.2. Middle East & Africa Glacial Acrylic Acid Market Revenue (US$ Million) Estimates and Forecasts by country, 2023-2031

Chapter 7. Competitive Landscape

7.1. Major Mergers and Acquisitions/Strategic Alliances

7.2. Company Profiles

7.2.1. Arkema
7.2.2. BASF SE
7.2.3. Dow Inc
7.2.4. Evonik Industries
7.2.5. Exxon Mobil Corporation
7.2.6. Formosa Plastics Corporation
7.2.7. Hexion Inc.
7.2.8. LG Chem
7.2.9. Mitsubishi Chemical Holdings Corporation
7.2.10. Myriant Corporation
7.2.11. Nippon Shokubai Co Ltd
7.2.12. Novomer Inc
7.2.13. PJSC Sibur Holding
7.2.14. Sanmu Group
7.2.15. Shandong Kaitai Petrochemical Co., Ltd.
7.2.16. Shanghai Huayi Acrylic Acid Co. Ltd
7.2.17. Shell Chemicals
7.2.18. SHOKUBAI CO. LTD
7.2.19. SIBUR
7.2.20. Taixing Jurong Chemical Co Ltd
7.2.21. The Lubrizol Corporation
7.2.22. Other Prominent Players

Segmentation of Glacial Acrylic Acid Market:

Glacial acrylic acid Market By Application       

  • Nappies
  • Adult and Feminine Hygiene
  • Detergents
  • Adhesives, Coatings and Sealants
  • Water Treatment
  • Others

Glacial acrylic acid Market

Glacial acrylic acid Market By Region- 

North America-

  • The US
  • Canada
  • Mexico

Europe-

  • Germany
  • The UK
  • France
  • Italy
  • Spain
  • Rest of Europe

Asia-Pacific-

  • China
  • Japan
  • India
  • South Korea
  • South East Asia
  • Rest of Asia Pacific

Latin America-

  • Brazil
  • Argentina
  • Rest of Latin America

 Middle East & Africa-

  • GCC Countries
  • South Africa
  • Rest of Middle East and Africa

InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.

Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.

Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.

Secondary research

The secondary research sources that are typically mentioned to include, but are not limited to:

  • Company websites, financial reports, annual reports, investor presentations, broker reports, and SEC filings.
  • External and internal proprietary databases, regulatory databases, and relevant patent analysis
  • Statistical databases, National government documents, and market reports
  • Press releases, news articles, and webcasts specific to the companies operating in the market

The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista

Primary Research:

Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies

The contributors who typically take part in such a course include, but are not limited to: 

  • Industry participants: CEOs, CBO, CMO, VPs, marketing/ type managers, corporate strategy managers, and national sales managers, technical personnel, purchasing managers, resellers, and distributors.
  • Outside experts: Valuation experts, Investment bankers, research analysts specializing in specific markets
  • Key opinion leaders (KOLs) specializing in unique areas corresponding to various industry verticals
  • End-users: Vary mainly depending upon the market

Data Modeling and Analysis:

In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.

The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.

To know more about the research methodology used for this study, kindly contact us/click here.

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Frequently Asked Questions

How big is the Glacial Acrylic Acid Market?

Glacial Acrylic Acid Market expected to grow at a 3.09% CAGR during the forecast period for 2023-2031.

Arkema, BASF SE, Dow Inc, Evonik Industries, Exxon Mobil Corporation , Formosa Plastics Corporation, Hexion Inc., LG Chem, Mitsubishi Chemical Holding

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