세계의 아크릴산 시장 분석 : 수요, 용도별, 예측 분석(2034년)

In 2024, the global acrylic acid market was valued at above USD 13.9 billion with a projected CAGR of 6%, the market is further anticipated to reach over USD 23 billion by 2034. The key factors behind this growth include increasing demand for paints and coatings, personal hygiene products, and water treatment applications. In developing countries, rising disposable incomes and urbanization are boosting the consumption of consumer goods that rely on acrylic acid derivatives. In mature markets, technological innovation and sustainability trends are key growth enablers.

The global acrylic acid market is experiencing consistent growth, driven by its wide range of industrial applications. Acrylic acid plays a crucial role as a base chemical in the production of various derivatives, particularly acrylates and SAPs. These derivatives are essential components in products like paints, adhesives, textiles, hygiene items such as baby diapers and adult incontinence products, and in sectors such as water treatment and detergents. With rising demand for personal care and sustainable solutions, the market continues to expand across both developed and developing economies.

Acrylic Acid Demand Analysis

Acrylic acid is used to manufacture commodity acrylates such as methyl acrylate, butyl acrylate, ethyl acrylate, and 2-ethylhexyl acrylate and these chemicals are integral in producing coatings, adhesives, sealants, textiles, and plastics. Glacial acrylic acid is specifically important for making superabsorbent polymers used in personal hygiene products. Its strong absorbent capacity makes it ideal for diapers and sanitary products. Moreover, its derivatives are valued in the water treatment and detergent industries for their ability to disperse particles and prevent scaling. This broad spectrum of uses ensures continued demand from various end-user industries like paper, textiles, and chemicals.

Regional Market Trends

Asia-Pacific dominates the global acrylic acid market in terms of both production and consumption. Countries like China and India are leading due to rapid industrial growth, increased consumer spending, and rising hygiene awareness. China alone accounts for a major share of regional capacity and demand. India, although currently a net importer, is on track to become a major producer following the recent establishment of acrylic acid plants by Bharat Petroleum and Indian Oil. In developed regions such as North America and Europe, demand remains stable, particularly in coatings and adhesives. These markets are also shifting toward bio-based and environmentally friendly products due to strict regulatory frameworks. Latin America and the Middle East are emerging as promising markets, gradually increasing their adoption of acrylic-based materials.

Production Capacity and Supply Dynamics

The global acrylic acid production capacity exceeded 9,500 kilotons in 2024, up from 8,500 kilotons in 2020. Most of this growth occurred in Asia-Pacific, particularly China, where large-scale capacity additions have been made. BASF SE holds a leading position, accounting for 17% of the global capacity, with facilities in multiple countries including the U.S., China, Germany, and Malaysia. Nippon Shokubai is the second-largest producer, followed by LG Chem and Dow Chemicals. Other significant players include Evonik Industries, Arkema SA, Sasol Ltd, Mitsubishi Chemical Holdings, and Hexion Incorporated. In India, Bharat Petroleum and Indian Oil Corporation are emerging as important contributors, especially with their recent investments in large-scale acrylic acid production plants.

India is becoming a significant player in the acrylic acid market. With a CAGR forecast of nearly 11% through 2034, the country is poised to experience rapid demand growth. This is largely driven by its expanding hygiene product market, rising construction activities, and overall economic growth. India's shift from being a net importer to a self-reliant and potentially exporting nation is supported by capacity expansions from state-owned companies and partnerships with global players like BASF and the Adani Group. The Indian government's support for local manufacturing and infrastructure also provides a favorable environment for the acrylic acid industry.

Recent Developments and Sustainability Trends

The industry is moving toward more sustainable practices, with several initiatives to develop and commercialize bio-based acrylic acid. In May 2023, Nippon Shokubai opened a new plant in Indonesia, increasing its capacity significantly. Meanwhile, companies like Cargill and Procter & Gamble are working on bio-based alternatives using renewable sources like corn dextrose. Although early attempts faced setbacks, renewed efforts are underway to meet rising sustainability demands and reduce carbon footprints. These innovations are expected to become increasingly important as global markets adopt stricter environmental standards and consumers prioritize eco-friendly products.

Market Drivers and Restraints

One of the primary drivers of market growth is the rising demand for personal care and hygiene products globally. Superabsorbent polymers, which are essential for products like diapers and sanitary napkins, are witnessing strong demand especially in regions with aging populations or growing middle classes. Advancements in SAP technology, such as thinner materials with higher absorbency, are pushing further adoption.

The market also faces notable challenges. Acrylic acid is a volatile organic compound (VOC), and its production involves the use of petroleum-based feedstocks like propylene, raising sustainability and environmental concerns. Strict regulations in North America and Europe regarding emissions and safety have increased compliance costs and are prompting companies to explore greener alternatives such as bio-based acrylic acid. These alternatives are gaining traction, especially with collaborations between companies like ADM, LG Chem, and Cargill aiming to commercialize renewable feedstock technologies.

Table of Contents

1. Introduction

• Scope
• Market Coverage
  • Derivatives
  • Regions
  • Countries
• Years Considered
  • Historical - 2018 - 2023
  • Base - 2024
  • Forecast Period - 2025 - 2034
• Research Methodology
  • Approach
  • Research Methodology
  • Prismane Consulting Market Models
  • Assumptions & Limitations
  • Abbreviations & Definitions
  • Conversion Factors
  • Data Sources

2. Market Synopsis

• Market Evolution
• Demand-Supply Overview
• Industry Structure
• Strategic Issues
• End-use Trends
• Growth Forecast

3. Economic & Energy Outlook

• GDP and Demographics
• Monetary & Fiscal Policies
• Crude Oil Production and prices
• Natural Gas
• Electricity Prices

4. End-use Sector Performance

• Paper
• Textile
• Chemical
• Water Treatment
• Others

5. Capacity (Plants & Projects) Analysis

• Capacity, by Company
• Capacity, by Country and by region
• Capacity Overview, By Region and Country

6. Introduction to Acrylic Acid and Market Overview

• Product Description
• Grades & Properties
• Raw Material
• Manufacturing Process

Propylene Oxidation

Acrylonitrile Hydrolysis

REPPE Process

Bio-based Acrylic Acid Process

• Environmental Issues
• Value Chain
• Applications

7. Market Dynamics and Industry Trends

• Market Dynamics
  • Drivers
  • Restraints
  • Opportunities
  • Challenges

8. Global Acrylic Acid Demand-Supply Analysis, By Derivatives (Volume, Value) (2018-2034)

• Strategic Issues
• Demand-Supply Analysis and Forecast (2018- 2034)
  • Capacity
  • Capacity Utilization (%)
  • Production
  • Imports
  • Exports
  • Net Trade
  • Demand
  • Demand Growth Rate (%)
  • Driving Force Analysis
  • Global Acrylic Acid Market, By Derivatives
• Commodity Acrylates

Methyl Acrylate

Ethyl Acrylate

Butyl Acrylate

2-Ethylhexyl Acrylate

Others

• Poly Acrylic Acid
• Superabsorbent polymers
• Water treatment
• Detergent co-builders
• Others

9. Demand-Supply Analysis and Market Review, By Region, By Country (Volume, Value), (2018- 2034)

• Strategic Issues
• Capacity
• Capacity Utilization (%)
• Production
• Imports
• Exports
• Net Exports
• Demand
• Demand Growth Rate (%)
• Acrylic Acid Market, By Derivatives

Note: Demand-Supply Analysis has been provided for all major Regions / Countries as mentioned below. The demand (consumption) split by derivatives has been provided for each of the countries/regions in Volume (Kilo tons) and Value (USD Million).

• North America
• USA
• Canada
• Mexico
• Western Europe
• Germany
• France
• Italy
• United Kingdom
• Spain
• Rest of Western Europe
• Central & Eastern Europe
• Russia
• Poland
• Rest of Central & Eastern Europe
• Asia-Pacific
• China
• Japan
• India
• South Korea
• Rest of Asia-Pacific
• Central & South America
• Middle East & Africa

Note: CAGR will be calculated for all derivatives to arrive at the regional / global Demand-Supply growth for the forecast period (2025 - 2034)

10. Pricing Analysis

• Average Acrylic Acid Prices, USD/Kg
• Average prices, by region
• Price Forecast

11. Key Strategic Issues

12. Business Opportunity Assessment

• Market Attractiveness Assessment
• Prospective & Target Market Study

13. Strategic Recommendation & Suggestions

14. Company Analysis

• Acrylic Acid Manufacturers Profiles/ Company Analysis
  • Basic Details
  • Headquarter, Key Markets
  • Ownership
  • Company Financial
  • Manufacturing Bases
  • Global Turnover
  • Total Employee
  • Product Portfolio / Services / Solutions
  • Key Business Strategies adopted and Prismane Consulting Overview
  • Recent Developments
  • Companies Covered -
• BASF SE
• Nippon Shokubai Co.Ltd.
• Evonik Industries
• LG Chem Ltd.
• Arkema SA
• Dow Chemicals
• PJSC Sibur Holding
• Sasol Ltd
• Mitsubishi Chemicals Holding Corporation
• Hexion Incorporated
• Other Manufacturers

Note: This section includes company information, company financials, manufacturing bases and operating regions. Company financials have been mentioned only for those companies where financials were available in SEC Filings, annual reports, or company websites. All the reported financials in this report are in U.S. Dollars. Financials reported in other currencies have been converted using average currency conversion rates. Company profiles may include manufacturers, suppliers, and distributors.

15. Appendices

• Demand-Supply - Regions
• Demand-Supply - Countries
• Capacities, 2018-2034