Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 12.40 billion | USD 16.15 billion | 4.50% | 2022 |
FrequentlyAsked Questions
The main reasons anticipated to propel the acrylic acid market during the forecast period are the rising demand for superabsorbent polymers in the personal care industry is likely to fuel development. Growing demand for surfactants, surface coatings, and adhesives & sealants is also expected to alter the business.
According to the report, the global acrylic acid market size was worth USD 12.40 billion in 2021 and is estimated to grow to USD 16.1480 billion by 2028, with a compound annual growth rate (CAGR) of approximately 4.50 percent over the forecast period.
In 2021, the Asia-Pacific region held the greatest share of the acrylic acid market. The Asia-Pacific acrylic acid market is predicted to develop at the fastest CAGR in terms of both volume and value, owing to a comparatively large adult population in growing nations such as China, India, and others.
Some of the main competitors dominating the global acrylic acid market include - Mitsubishi Chemical Holdings Corporation, Arkema S.A., BASF SE, The Dow Chemical Co., The Lubrizol Corporation, Evonik, Industries Ag, LG Chem Ltd., Myriant Corporation, Formosa Plastic Group, Sibur.
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