Market Research Future Published Study Research Report on Acrylic Acid Market Research Report- Global Forecast to 2022
Acrylic Acid Market Driven by Growing Demand from Personal Hygiene Products Industry
Acrylic Acid Market Overview:
The global acrylic acid market is expected to reach a valuation of USD 18,300 million by 2022, Market Research Future (MRFR) states in its latest research report. The report presents a comprehensive overview of the latest research data accumulated about the global acrylic acid market. The historical growth trajectory of the acrylic acid market is profiled in detail in the report, including a review of the market’s leading growth drivers and restraints. The major growth drivers and restraints acting on the market are analyzed in detail in the report.
The growing demand for superabsorbent polymers is likely to be a major driver for the global acrylic acid market over the forecast period. Superabsorbent polymers are widely used in a number of personal hygiene products in order to absorb and store spillage and leakage. Diapers, both for adults and children, and menstrual pads are likely to remain a key revenue generation avenue for the global acrylic acid market over the coming years. The growing consumer products industry is likely to pump new revenue into the acrylic acid market over the forecast period, with many leading players in the acrylic acid market focusing on these growing application sectors in order to make the most of the growing opportunities in these areas. The growing product innovation in the area of personal hygiene products is likely to be a major driver for the acrylic acid market.
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Acrylic Acid Market Competitive Analysis:
Leading players in the global acrylic acid market include Hexion Inc., Mitsubishi Chemical, Shenyang Chemical Co. Ltd., LG Chemicals, PJSC Sibur Holding, Taixing Jurong Chemical Co. Ltd., Nippon Shokubai Co. Ltd., Evonik Industries, Arkema SA, The Dow Chemical Company, and BASF SE. Capacity expansion is likely to remain a favored strategy among major players in the global acrylic acid market, as the growing demand for acrylic acid products is likely to demand a growth in production capacities in the coming years.
Acrylic Acid Market Segmentation:
The global acrylic acid market is segmented on the basis of type, application, and region.
By type, the global acrylic acid market is segmented into methyl acrylate, ethyl acrylate, butyl acrylate, 2-ethylhexyl acrylate, elastomers, superabsorbent polymers, water treatment polymers, and others. The superabsorbent polymers segment is likely to remain important for the global acrylic acid market over the forecast period due to the growing demand for diapers, sanitary napkins, and other personal hygiene products.
By application, the global acrylic acid market is segmented into adhesives and sealants, diapers, surface coatings, cement modifiers, paper, textiles, anti-scalants, adult incontinence products, and others. The adhesives and sealants segment are likely to remain important for the global acrylic acid market due to its growing demand in sectors such as construction, automotive, and aerospace.
Acrylic Acid Market Regional Analysis:
Asia Pacific is likely to remain a vital regional market for the acrylic acid industry due to the growing scope for growth of the acrylic acid market in industries such as personal hygiene products, construction, automotive, and aerospace. The growing population of the Asia Pacific region is likely to provide strong growth prospects for the growth of the personal hygiene products industry in the coming years. The growing disposable income of consumers in Asia Pacific is also a major factor in this regard, as this elevated the demand for premium quality personal hygiene products. The growing construction industry in Asia Pacific, driven by the growing urbanization in the region, is also likely to be a major driver for the acrylic acid market in the region over the forecast period.
Acrylic Acid Market Table Of Contents to be Continue….,
Browse key industry insights spread across 166 pages with 177 market data tables & 34 figures & charts from the report, “Acrylic Acid Market Global Information: by Type (Superabsorbent Polymers, Methyl Acrylate, Ethyl Acrylate, Elastomers, Butyl Acrylate), Application (Paper Coating, Adhesives & Sealants, Agriculture, Plastic Sheets, Diapers) and Region – Growth Potential, Price Trends, Competitive Market Share & Forecast, 2022” in detail along with the table of contents @ https://www.marketresearchfuture.com/reports/acrylic-acid-market-2571
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