Asia-Pacific acrylic acid market is expected to reach a value of $8.1 billion by at an estimated CAGR of 6.1% during the forecast period. This growth can be attributed to the increasing demand for super absorbent polymers in personal care products and presence of large acrylic adhesive industry. This region generates the maximum revenue and it is estimated that the market in Asia Pacific will continue to dominate the revenue streams through 2019.
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Acrylic esters include methyl acrylate, butyl acrylate, ethyl acrylate, 2-Ethylhexyl acrylate (2-EHA) and others. It is also used to produce polyacrylic acid or crosslinked polyacrylic acid compounds, which are used in the manufacture of super absorbent polymers.
These polymers have a wide range of applications in hygienic products, detergents, and waste water treatment chemicals.
Substitution to higher performance formulations and increasing number of building and construction industries in emerging countries are the factors driving acrylic polymers into applications like coatings and sealants.However, growing demand for baby diapers in emerging countries such as China and South Korea has been contributing to the demand for SAPs and WTPs.
The report offers segmentation of the Asia-Pacific acrylic acid market by derivative types: acrylic esters, acrylic polymers (glacial) and other derivatives. The Asia-Pacific acrylic acid market report is also segmented by application into surface coatings, adhesives and sealants, plastic additives, surfactants & flocculants and others.
The rising disposable income levels of the individuals, growing population, and strong economic conditions support promising growth in super absorbent polymers. These conditions have attracted many global players, such as BASF (Germany), Dow Chemical Company (U.S.), Nippon Shokubai (Japan); and several others, to venture into these markets with local production facilities.
This has driven the demand for acrylic acid and its derivatives in the region significantly.
The Asia-Pacific acrylic acid market analysis report also offers regional segmentation, for insight on growth and forecast, on geographical terms into China, India, Japan and the rest of Asia-Pacific.
The major players in the Asia-Pacific acrylic acid market are :
Formosa Plastics Co.
LG Chem Ltd.
Mitsubishi Chemical Holdings
Nippon Shokubai Co. Ltd.
The Dow Chemical Co.
Wanhua Chemical Grou
Key Deliverable in the Study
Analysis for Asia-Pacific acrylic acid market; with region specific assessments and competition analysis on Asia-Pacific and regional scale.
Market definition along with identification of key drivers and restraints for the market.
Identification of factors instrumental in changing the market scenarios, rising prospective opportunities and identification of key companies which can influence the market on a global and regional scale.
Extensively researched competitive landscape section with profiles of major companies along with their strategic initiatives and market shares.
Identification and analysis of the macro and micro factors that affect the Asia-Pacific acrylic acid market on a regional scale.
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market.
Insights on the major countries/regions where this industry is blooming and to also identify the regions that are still untapped.
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