SkyQuest Technology Group recently introduced Acrylic Acid Market study with in-depth overview, describing about the Product/Industry Scope and elaborates market outlook and status (2025-2032). The market Study is segmented by key regions which is accelerating the marketization. The Acrylic Acid Market has witnessed Excellent growth over the past decade and is expected to maintain its upward trajectory.
Acrylic Acid Market size was valued at USD 13.81 Billion in 2023 and is poised to grow from USD 14.47 Billion in 2024 to USD 21.06 Billion by 2032, growing at a CAGR of 4.8% during the forecast period (2025-2032).
The demand for acrylic acid is on the rise due to the steep growth in infrastructural and building activities since paints, coatings, sealants, and adhesives are required. Hygiene products significantly rely on personal care business through ultra-absorbent polymers based on acrylic acid. Highly absorbent polymers, which are greatly used in adult incontinence products, sanitary napkins, and diapers, are mainly comprised of acrylic acid as the raw material.
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The 2025 global Acrylic Acid Market report provides a comprehensive analysis of key industry players, market trends, pricing structures, and competitive dynamics, offering insights into the market landscape from 2025 to 2032. As a rapidly evolving sector, the Acrylic Acid Market drives economic growth, innovation, and technological advancements through the development, production, and distribution of products and services. This report highlights the market’s growth potential and its impact on global industries, providing valuable insights for stakeholders, investors, and policymakers.
Detailed Segmentation and Classification of the report (Market Size and Forecast – 2032, Y-o-Y growth rate, and CAGR):
The Acrylic Acid Market can be segmented based on several factors, including product type, application, end-user, and distribution channel.
Global Acrylic Acid Market is segmented by Type, Technology, End Use and Region.
Based on Type, the market is segmented into Acrylic Esters, Acrylic Polymer, and Others.
Based on Technology, the market is segmented into Propylene-based Process, Bio-based Acrylic Acid, and Acrolein-based Process.
Based on End Use, the market is segmented into Surfactants & Surface Coatings, Organic Chemicals, Adhesives & Sealants, Textiles, Water Treatment, Personal Care Products, and Others.
Based on Region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Acrylic Acid Market – Regional Analysis:
Asia-Pacific recorded the highest overall revenue share of 40.0% in 2023. Factors include industrialization and urbanization alongside booming disposable incomes of the growing middle class in the region, contributing to its superior position. The demand for products based on acrylic acid in the region increases because the construction, automotive, and personal care industries are booming in China, India, and Japan.
Growing urban infrastructure and more consumer goods, paints, coatings, and adhesives are driving growth in the regional acrylic acid industry. Steady growth in the usage of SAPs in personal hygiene products also helps in acrylic acid regional growth.
North America is estimated to remain the largest market through the forecast period, with growing expansion at a CAGR of 3.6% from 2024 to 2031. The strong rise of important end-use sectors such as personal care, automotive, and construction primarily accounts for the increase. Large enterprises are based in North America, where the production base of acrylic acid and its derivatives is established.
Top Market Players in Acrylic Acid Market are:
BASF SE (Germany)
Arkema (France)
Nippon Shokubai Co., Ltd. (Japan)
LG Chem (South Korea)
The Dow Chemical Company (United States)
China Petroleum & Chemical Corporation (SINOPEC) (China)
Formosa Plastics Corporation (Taiwan)
Mitsubishi Chemical Corporation (Japan)
Shanghai Huayi Acrylic Acid Co. Ltd. (China)
Satellite Chemical Co. Ltd. (China)
Wanhua Chemical Group Co., Ltd. (China)
Eastman Chemical Company (United States)
Sumitomo Chemical Co., Ltd. (Japan)
Rohm and Haas Company (United States)
Evonik Industries AG (Germany)
Tosoh Corporation (Japan)
Kemira Oyj (Finland)
Kuraray Co., Ltd. (Japan)
ADEKA Corporation (Japan)
DIC Corporation (Japan)
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Recent Developments:
Arkema announced that it has been granted the ISCC+ accreditation in the acrylic manufacturing chain’s decarbonation process for its acrylic acid and ester production plant based in Taixing, Jiangsu Province, China. The company made this announcement in January 2024.
Japan’s Nippon Shokubai announced in May 2023 PT. NIPPON SHOKUBAI INDONESIA begun construction of an acrylic acid AA factory at Cilegon, Indonesia. The 100,000 MT/Y plant will cost the firm approximately $200 million USD.
BASF SE started building an acrylic acid complex in March 2023 at its Verbund site in Zhanjiang, China. The plants producing 2-ethylhexyl acrylate (2-EHA), butyl acrylate (BA), and glacial acrylic acid (GAA) are part of the complex. The plant will be expected to produce around 400,000 tons of BA and 100,000 tons of 2-EHA per annum.
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Forward-Looking Insights
The Acrylic Acid Market is set to experience sustained growth, fueled by technological advancements, broader global market access, and rising industry demand. With the industry addressing emerging challenges and capitalizing on new opportunities, it is expected to drive innovation and play a pivotal role in advancing global health and economic progress.
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