Acrylic Acid Market Analysis By Product (Acrylate Esters, Glacial Acrylic Acid) And Segment Forecasts To 2020

Published: May, 2014 | Pages: 75 | Publisher: Grand View Research
Industry: Chemicals | Report Format: Electronic (PDF)

Global Acrylic Acid Market By Product (Acrylate Esters, Glacial Acrylic Acid) Expected to Reach USD 22.78 Billion by 2020
May 2014
The global market for acrylic acid is expected to reach USD 22.78 billion by 2020. Increasing adoption of super absorbent polymers in emerging economies such as India, China and Brazil is expected to be a key driver for the market over the forecast period. In addition, the growing demand for high strength materials with superior thermal resistance from the surface coating market is expected to boost demand for acrylic acid over the next six years. Volatile raw material prices and strict regulatory scenario in North America and Europe are expected to be key challenges for market participants. Consequently, companies have been working on the development of bio-based acrylic acid to overcome the above mentioned restraints.

Acrylate ester was the largest product segment for the market accounting for 2,864.5 kilo tons of demand in 2013. These products are extensively used in applications such as surface coating, adhesive and sealants, textiles, printing inks and plastic additives.

Further key findings from the study suggest:

Global acrylic acid demand was 5,584.2 kilo tons in 2013 and is expected to reach 8,031.1 kilo tons by 2020, growing at a CAGR of 5.4% from 2014 to 2020
Asia Pacific was the largest regional market for acrylic acid with demand exceeding 2,500.0 kilo tons in 2013. In addition, Asia Pacific is expected to witness fastest growth in demand at an estimated CAGR of 6.3% from 2014 to 2020, owing to the increasing demand for super absorbent polymers in personal care products and presence of large acrylic adhesive industry.
Glacial acrylic acid was the second largest acrylic acid product, with revenue exceeding USD 6.61 billion in 2013. Glacial acrylic acid is the key raw material for the manufacturing of super absorbent polymers which are expected to gain significant market over the forecast period.
The acrylic acid market is fragmented with top five companies accounting for less than 50% of the market in 2013. The key participants include Dow Chemicals, BASF, Rohm and Haas, Formosa Plastics and Arkema SA among others.
For the purpose of this study, Grand View Research has segmented the global acrylic acid market on the basis of application, product and region:

     Acrylic acid Product Outlook (Volume, Kilo tons and Revenue, USD Million, 2012 - 2020)
             Acrylate esters
                     Butyl acrylate
                     2-ethylhexyl acrylate
                     Methyl acrylate
                     Ethyl acrylate
             Glacial acrylic acid
             Others
     Acrylic acid Regional Outlook, By Product (Volume, Kilo tons and Revenue, USD Million, 2012 - 2020)
             North America 
             Europe 
             Asia Pacific 
             RoW

 Table of Contents
Chapter 1 Executive Summary                                                         

                1.1 Acrylic acid - Industry Summary & Critical Success Factors (CSFs)   

Chapter 2 Acrylic acid Industry Outlook                                                       

                2.1 Market Segmentation                                          

                2.2 Market Size and Growth Prospects                                            

                2.3 Acrylic acids Value Chain Analysis

                2.4 Acrylic acids Market Dynamics

                    2.4.1 Market driver analysis

                        2.4.1.1 Growing absorbent polymer demand

                        2.4.1.2 Positive outlook on adhesives & sealants demand  

                    2.4.2 Market restraint analysis

                        2.4.2.1 Volatile raw material prices

                2.5 Key Opportunities Prioritized                                           

                2.6 Industry Analysis - Porter's

                2.7 Acrylic acid - Company Market Share Analysis

                2.8 Acrylic acid - PESTEL Analysis                                                              

Chapter 3 Acrylic acid Product Outlook

                3.1 Acrylate esters

                    3.1.1 Global butyl acrylate volume and revenue, 2012 - 2020 (Kilo Tons) (USD Million)

                    3.1.2 Global 2-Ethylhexyl acrylate volume and revenue, 2012 - 2020 (Kilo Tons) (USD Million)

                    3.1.3 Global ethyl acrylate volume and revenue, 2012 - 2020 (Kilo Tons) (USD Million)

                    3.1.4 Global methyl acrylate volume and revenue, 2012 - 2020 (Kilo Tons) (USD Million)

                3.2 Glacial acrylic acid

                    3.2.1 Global glacial acrylic acid volume and revenue, 2012 - 2020 (Kilo Tons) (USD Million)

                3.3 Others

                    3.3.1 Global others volume and revenue, 2012 - 2020 (Kilo Tons) (USD Million)

Chapter 4 Acrylic acid Regional Outlook

                4.1 North America

                    4.1.1 market volume and revenue, by product 2012 - 2020, (Kilo Tons) (USD Million)

                4.2 Europe

                    4.2.1 market volume and revenue, by product 2012 - 2020, (Kilo Tons) (USD Million)

                4.3 Asia Pacific

                    4.3.1 market volume and revenue, by product 2012 - 2020, (Kilo Tons) (USD Million)

                4.4 RoW

                    4.4.1 market volume and revenue, by product 2012 - 2020, (Kilo Tons) (USD Million)

Chapter 5  Acrylic acid Competitive Landscape

                5.1 Arkema SA

                    5.1.1 Company Overview

                    5.1.2 Financial Performance

                    5.1.3 Product Benchmarking

                    5.1.4 Strategic Initiatives

                5.2  BASF

                    5.2.1 Company Overview

                    5.2.2 Financial Performance

                    5.2.3 Product Benchmarking

                    5.2.4 Strategic Initiatives

                5.3 Dow Chemical Company

                    5.3.1 Company Overview

                    5.3.2 Financial Performance

                    5.3.3 Product Benchmarking

                    5.3.4 Strategic Initiatives

                5.4 Formosa Plastics Corporation

                    5.4.1 Company Overview

                    5.4.2 Financial Performance

                    5.4.3 Product Benchmarking

                    5.4.4 Strategic Initiatives

                5.5  LG Chem

                    5.5.1 Company Overview

                    5.5.2 Financial Performance

                    5.5.3 Product Benchmarking

                    5.5.4 Strategic Initiatives

                5.6  Mitsubishi Chemical Holdings Corporation

                    5.6.1 Company Overview

                    5.6.2 Financial Performance

                    5.6.3 Product Benchmarking

                    5.6.4 Strategic Initiatives

                5.7 Nippon Shokubai

                    5.7.1 Company Overview

                    5.7.2 Financial Performance

                    5.7.3 Product Benchmarking

                    5.7.4 Strategic Initiatives

                5.8 Rohm and Haas

                    5.8.1 Company Overview

                    5.8.2 Financial Performance

                    5.8.3 Product Benchmarking

                    5.8.4 Strategic Initiatives

                5.9 StoHaas Monomer

                    5.9.1 Company Overview

                    5.9.2 Financial Performance

                    5.9.3 Product Benchmarking

                    5.9.4 Strategic Initiatives                                 

Chapter 6 Methodology and Scope                                                   

                6.1 Research Methodology                                       

                6.2 Research Scope & Assumption                                      

                6.3 List of Data Sources

 


List of Tables


Global Acrylic acid market volume and revenue, 2012 - 2020
Global Acrylic acid market volume by region, (Kilo tons), 2012 - 2020
Global Acrylic acid market revenue by region, (USD Million), 2012 - 2020
Global Acrylic acid market volume by product, (Kilo tons), 2012 - 2020
Global Acrylic acid market revenue by product, (USD Million), 2012 - 2020
Global Acrylic acid market volume by application, (Kilo tons), 2012 - 2020
Global Acrylic acid market revenue by application, (USD Million), 2012 - 2020
North America Acrylic acid market volume, by product (Kilo tons), 2012 - 2020
North America Acrylic acid market revenue, by product (USD Million), 2012 - 2020
Europe Acrylic acid market volume, by product (Kilo tons), 2012 - 2020
Europe Acrylic acid market revenue, by product (USD Million), 2012 - 2020
Asia Pacific Acrylic acid market volume, by product (Kilo tons), 2012 - 2020
Asia Pacific Acrylic acid market revenue, by product (USD Million), 2012 - 2020
RoW Acrylic acid market volume, by product (Kilo tons), 2012 - 2020
RoW Acrylic acid market revenue, by product (USD Million), 2012 - 2020

List of Figures

Acrylic acid industry summary & critical success factors (CSFs)
Acrylic acid market segmentation
Global Acrylic acid market (volume & revenue), 2012 - 2020
Global Acrylic acid volumes growth by region, (Kilo tons), 2012 - 2020
Global Acrylic acid volumes growth by product, (Kilo tons), 2012 - 2020
Acrylic acid market dynamics
Acrylic acid company market share analysis, 2013
Key opportunities prioritized
Industry analysis - Porter's
Acrylic acid PESTEL analysis, 2013
Acrylic acid market volume share by product, 2013 & 2020