The global acrylic acid market is experiencing steady growth, driven by increasing demand from key end-user industries such as adhesives, paints and coatings, textiles, and personal care products. Valued at USD 14.12 billion in 2024, the market is expected to grow from USD 14.65 billion in 2025 to USD 20.66 billion by 2034, reflecting a compound annual growth rate (CAGR) of 3.9% during the forecast period.
Acrylic acid is a key chemical building block used in the production of superabsorbent polymers, coatings, and other essential industrial and consumer goods. The continued demand for acrylic acid-based products across various sectors, along with technological advancements in production processes, is expected to propel the market’s expansion in the coming years.
Market Overview
Acrylic acid (CβHβOβ) is a key industrial chemical primarily used in the production of superabsorbent polymers (SAP), which are widely used in personal hygiene products such as diapers, adult incontinence products, and feminine hygiene products. Additionally, acrylic acid is a critical component in the manufacturing of paints, coatings, adhesives, sealants, textiles, and water treatment chemicals.
The market for acrylic acid is highly influenced by its demand from end-use industries, with significant consumption observed in sectors such as construction, automotive, healthcare, and consumer goods. As acrylic acid is essential for manufacturing high-performance materials, its usage is expected to increase in alignment with the growing demand for these products globally.
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https://www.polarismarketresearch.com/industry-analysis/acrylic-acid-market
Key Market Growth Drivers
- Growing Demand for Superabsorbent Polymers (SAP)
One of the primary drivers of the acrylic acid market is the rising demand for superabsorbent polymers (SAP), which are extensively used in diapers, sanitary products, and adult incontinence pads. The global population’s increasing need for hygiene products, coupled with rising awareness of health and hygiene, is driving demand for SAPs and, in turn, acrylic acid.
- Expansion of the Paints and Coatings Industry
Acrylic acid is a vital ingredient in the production of paints and coatings, especially in water-based systems, which are gaining popularity due to their lower environmental impact compared to solvent-based alternatives. The construction industryβs growth, along with the increasing demand for decorative and protective coatings, is propelling the demand for acrylic acid in this segment.
- Rising Demand from Personal Care and Consumer Goods
Acrylic acid-based derivatives are widely used in personal care and consumer goods, including skincare, haircare, and cleaning products. The increasing focus on personal grooming and hygiene, along with a growing trend of eco-friendly and sustainable products, is boosting demand for acrylic acid in the production of these goods.
- Technological Advancements in Production Processes
Ongoing advancements in acrylic acid production processes, such as the development of bio-based acrylic acid, are expected to drive market growth. Bio-based acrylic acid offers environmental benefits and aligns with the increasing consumer preference for sustainable products. These innovations are providing new opportunities in the acrylic acid market, particularly in regions with stringent environmental regulations.
Market Challenges
Despite the optimistic growth prospects, the acrylic acid market faces several challenges:
- Price Volatility of Raw Materials: The prices of key raw materials used in the production of acrylic acid, such as propylene, can be volatile due to supply and demand fluctuations, geopolitical factors, and environmental regulations. This price volatility can impact the overall cost structure and profitability of acrylic acid producers.
- Environmental Concerns and Regulatory Pressure: Acrylic acid production involves the use of chemical processes that can have an environmental impact, including emissions and waste generation. Increasing environmental regulations and consumer demand for greener alternatives are pushing companies to adopt more sustainable production methods, which may require significant investment in research and development.
- Competition from Bio-Based Alternatives: As the demand for eco-friendly products grows, bio-based acrylic acid is gaining attention as a sustainable alternative. However, the cost and scalability of bio-based production methods remain a challenge compared to traditional petrochemical processes.
Regional Analysis
North America
North America is a major market for acrylic acid, with the U.S. being one of the largest consumers due to its well-established demand for superabsorbent polymers, paints and coatings, and personal care products. The region also benefits from technological advancements in acrylic acid production and the increasing demand for sustainable, bio-based alternatives. The growing construction and automotive industries are also contributing to market growth.
Europe
Europe is another significant market for acrylic acid, particularly in countries such as Germany, the U.K., and France. The demand for acrylic acid is driven by the regionβs robust automotive, construction, and consumer goods industries. Additionally, the shift toward bio-based and environmentally friendly production methods is influencing the acrylic acid market, with many European companies focusing on sustainable solutions.
Asia-Pacific
The Asia-Pacific region is expected to witness the highest growth in the acrylic acid market during the forecast period. Countries such as China, India, and Japan are key contributors to the market’s growth, driven by rapid industrialization, urbanization, and increasing demand for personal hygiene products. The regionβs expanding middle class and growing awareness of health and hygiene are fueling the demand for superabsorbent polymers and acrylic acid-based products.
Latin America and Middle East & Africa
The Latin American and Middle Eastern and African markets are relatively smaller compared to North America and Asia-Pacific, but they offer growth potential. Brazil and Saudi Arabia are expected to drive demand in these regions, with growing construction and industrial sectors as well as increasing demand for consumer goods and personal care products.
Key Companies in the Acrylic Acid Market
The acrylic acid market is characterized by the presence of large multinational players as well as regional manufacturers. Key players include:
- BASF SE: A global leader in the chemical industry, BASF is heavily involved in the production of acrylic acid and its derivatives, including superabsorbent polymers.
- The Dow Chemical Company: Dow is a major producer of acrylic acid, serving a wide range of industries including automotive, construction, and personal care.
- LG Chem: A prominent chemical manufacturer based in South Korea, LG Chem produces acrylic acid and other related chemicals for diverse applications.
- SABIC: SABIC is one of the worldβs largest petrochemical companies and plays a key role in acrylic acid production.
- Arkema S.A.: Arkema is involved in the production of a wide variety of chemicals, including acrylic acid, and is focused on developing sustainable solutions.
These companies are focusing on expanding their production capacities, adopting sustainable manufacturing practices, and forming strategic alliances to strengthen their positions in the acrylic acid market.
Market Segmentation
By Application:
- Superabsorbent Polymers (SAP)
- Paints and Coatings
- Adhesives and Sealants
- Textiles
- Personal Care and Consumer Goods
- Water Treatment
- Others (Pharmaceuticals, Agriculture, etc.)
By Production Method:
- Propylene-based Acrylic Acid
- Bio-based Acrylic Acid
By Region:
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East & Africa
Conclusion
The global acrylic acid market is poised for steady growth over the next decade, with a projected CAGR of 3.9% from 2025 to 2034. Driven by the increasing demand for superabsorbent polymers, paints and coatings, and consumer goods, acrylic acid continues to be a critical component in various industries. The growing trend toward sustainable, bio-based acrylic acid and technological advancements in production processes offer new opportunities for market participants.
As demand for acrylic acid-based products continues to rise, particularly in emerging markets, the future of the acrylic acid market looks promising, with continued investment in innovation and sustainability playing a pivotal role in shaping its growth trajectory.
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