Acrylic Acid Market Outlook
The Acrylic Acid market is experiencing sustained growth, driven by escalating demand for superabsorbent polymers (SAPs), acrylate esters, and surface coatings across a wide spectrum of end-use industries. As consumers demand higher performance from personal care and hygiene products, and manufacturers seek efficient raw materials for industrial applications, acrylic acid continues to serve as a vital chemical intermediate.
With increased investments in sustainable production and downstream innovations, the global acrylic acid market is set for significant expansion over the next decade.
Market Overview
Acrylic acid (C3H4O2) is a clear, colorless, corrosive, and flammable organic compound primarily used to produce acrylate esters and superabsorbent polymers. These derivatives are essential to industries such as personal care, construction, adhesives, textiles, and paints and coatings.
Acrylic acid market size was valued at USD 14.12 billion in 2024. The market is projected to grow from USD 14.65 billion in 2025 to USD 20.66 billion by 2034, exhibiting a CAGR of 3.9% during the forecast period.The key growth drivers include increased use of hygiene products such as diapers and adult incontinence items, expansion of construction activities, and greater adoption of water-based coatings.
LSI Keywords:
- Superabsorbent polymers
- Acrylate esters
- Surface coatings
- Hygiene products
Report Scope
Acrylic Acid Market, Derivative Outlook (Revenue – USD Billion, 2020-2034)
- Acrylate Esters
- Glacial Acrylic Acid
- Others
Acrylic Acid Market, Application Outlook (Revenue – USD Billion, 2020-2034)
- Surfactants & Surface Coatings
- Organic Chemicals
- Adhesives and Sealants
- Textiles
- Water Treatment
- Personal Care Products
- Others
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Regional Analysis
North America:
North America holds a substantial share of the acrylic acid market due to strong demand from the hygiene and construction industries. The U.S. is a key player, with major manufacturing facilities and a focus on developing bio-based acrylic acid to meet sustainability targets.
Europe:
Europe follows closely, driven by robust environmental regulations and technological advancements in water-based coatings and green adhesives. Germany, France, and the UK are central to the market’s growth in this region. Demand from hygiene and automotive sectors is also significant.
Asia-Pacific:
Asia-Pacific is the largest and fastest-growing regional market for acrylic acid. Rapid urbanization, expanding middle-class populations, and heightened awareness of hygiene are driving demand in China, India, Japan, and Southeast Asia. The region is also home to several major acrylic acid producers, providing competitive advantages in raw material availability and cost structure.
Latin America and Middle East & Africa:
These regions are emerging as new demand centers for acrylic acid, supported by growth in population, urban development, and government spending on infrastructure and healthcare. Brazil, Mexico, and Gulf countries are investing in production capacities and import alternatives to reduce dependency on foreign supplies.
Key Companies in the Acrylic Acid Market
The acrylic acid market is moderately consolidated with global players focusing on capacity expansion, strategic partnerships, and sustainable product development. Key players include:
- BASF SE
As one of the world’s largest chemical companies, BASF plays a pivotal role in the global acrylic acid supply chain. The company is investing in sustainable technologies to produce bio-acrylic acid, further cementing its leadership. - Arkema S.A.
Arkema focuses on acrylic monomers and is a leading supplier of acrylate esters used in coatings, adhesives, and superabsorbent polymers. Its focus on innovation and environmental stewardship sets it apart in the industry. - The Dow Chemical Company
Dow is a prominent producer of acrylic acid and derivatives, catering to hygiene and coatings sectors. The company’s emphasis on circular economy solutions and low-carbon manufacturing is driving sustainable market growth. - LG Chem
South Korea-based LG Chem is expanding its acrylic acid and SAP production capabilities, targeting the Asian and global markets with cost-effective and high-performance products. - Nippon Shokubai Co., Ltd.
A pioneer in superabsorbent polymers, Nippon Shokubai is known for its technological leadership in the SAP space. The company is aggressively expanding in Asia and investing in next-generation SAPs for hygiene applications. - Sasol Limited
Sasol has made strategic moves in the production of glacial acrylic acid for high-purity applications and continues to explore sustainable chemical solutions for its global clients.
Emerging Trends in the Acrylic Acid Market
- Shift Toward Bio-Based Acrylic Acid
With increasing environmental regulations and sustainability goals, manufacturers are investing in developing bio-based alternatives to petroleum-derived acrylic acid. Companies like BASF and Cargill are exploring renewable feedstocks. - Expansion of Hygiene Products in Emerging Markets
As awareness and access to personal hygiene improve in developing nations, the demand for disposable diapers, sanitary napkins, and adult incontinence products is growing significantly. - Water-Based Surface Coatings
Acrylic acid-based esters are integral to the formulation of water-based coatings, which are gaining popularity due to their low volatile organic compound (VOC) emissions and environmental benefits. - Innovation in Adhesives and Sealants
The packaging and construction sectors are witnessing increased demand for high-performance adhesives and sealants that offer improved durability and moisture resistance. Acrylic acid derivatives are central to these innovations. - Capacity Expansion in Asia
To meet global demand and benefit from economies of scale, several companies are ramping up acrylic acid and SAP production in China, India, and Southeast Asia, strengthening their global supply chains.
Challenges in the Acrylic Acid Market
While growth prospects remain strong, several challenges must be addressed:
- Raw Material Volatility: Acrylic acid is derived from propylene, a petrochemical whose prices fluctuate with oil markets. This affects cost structures and profitability.
- Environmental and Health Concerns: Acrylic acid is corrosive and potentially hazardous. Handling and disposal require stringent safety measures and regulatory compliance, particularly in developed economies.
- Market Saturation in Developed Countries: In mature markets, growth is plateauing, and companies must seek expansion in underpenetrated regions or through innovative, value-added products.
Acrylic Acid Market Developments
In October 2023, Lummus Technology, a global leader in process technologies and energy solutions, acquired ester-grade acrylic acid technology along with light and heavy acrylates process technology from Air Liquide Engineering & Construction. This acquisition enhanced Lummus’ capabilities in propylene production and its downstream product offerings.
In May 2023, NIPPON SHOKUBAI CO., LTD., a prominent chemical manufacturer, launched a new acrylic acid production facility in Indonesia, backed by a total investment of USD 200 million. This move aims to strengthen the company’s presence in the Asia-Pacific market.
Conclusion
The Acrylic Acid market stands at a pivotal point in its growth trajectory, driven by dynamic demand for superabsorbent polymers, acrylate esters, surface coatings, and other advanced applications. As industries seek efficient and sustainable raw materials to meet rising global needs, acrylic acid continues to offer a versatile and scalable solution.
Manufacturers, investors, and stakeholders must align strategies with innovation, regional expansion, and environmental compliance to unlock the market’s full potential. With rising demand in hygiene products and construction sectors, and ongoing technological advancements in bio-based production, the future of the acrylic acid market appears both sustainable and profitable.
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