Acrylic acid Market is set for lucrative growth during 2021-2031

Global Acrylic acid report from Global Insight Services is the single authoritative source of intelligence on Acrylic acid market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters’ and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.

Acrylic acid is a clear, colorless liquid with a pungent, vinegar-like odor. It is soluble in water and insoluble in most organic solvents. Acrylic acid is used in the manufacture of acrylic esters, plastics, and resins. It is also used as a food and beverage preservative, and as an antifungal agent.

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Market Segmentation

The Acrylic Acid Market is segmented by type, end-user, and region. By type, the market is divided into acrylic esters, acrylic polymer, and others. By end-user, the market is divided into diapers, water treatment industry, textiles industry, surfactants industry, and others. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and rest of the world.

Key Players

The key players in the Acrylic Acid Market are Mitsubishi Chemical Holdings Corporation, Arkema S.A.BASF SEThe Dow Chemical Co.The Lubrizol CorporationEvonikLG Chem Ltd.Myriant CorporationFormosa Plastics Group and SIBUR.

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Key Drivers

The key drivers of the acrylic acid market are the increase in demand for acrylic acid-based products, the favorable properties of acrylic acid, and the growing end-use industries.

Acrylic acid is a versatile monomer with a wide range of applications in various industries such as construction, automotive, packaging, and adhesives. The increase in demand for these applications is expected to drive the growth of the acrylic acid market.

The favorable properties of acrylic acid such as high chemical resistance, high strength, and flexibility make it an ideal material for various applications. These properties are expected to drive the growth of the acrylic acid market.

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