The Insight Partners - Syndicated, Custom Market Research Reports
Acrylic Acid Market Report (2021-2031)

Coverage: Acrylic Acid Market covers analysis by Derivatives Type (Acrylic Esters, Acrylic Polymers, Other Derivatives); Application (Adhesives & Sealants, Cement Modifiers, Diapers, Paper Industry, Surface Coating, Textile, Others), and Geography (North America, Europe, Asia Pacific, and South and Central America)

  • Report Code : TIPRE00003574
  • Category : Chemicals and Materials
  • No. of Pages : 150
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The Acrylic Acid Market is expected to register a CAGR of 4% from 2023 to 2031, with a market size expanding from US$ XX Million in 2023 to US$ XX Million by 2031.

The acrylic acid market report is segmented by derivative [acrylic ester (butyl acrylate, methyl acrylate, ethyl acrylate, 2-ethylhexyl acrylate, and others), acrylic polymers (acrylic elastomer, superabsorbent polymers, and others), and others]. The market is segmented based on the application (surface coatings, plastics, adhesives, paints, detergents, water treatment, textile, and others). The global analysis is further broken down at the regional level and major countries. The market size and forecast at global, regional, and country levels for all the key market segments are covered under the scope. The report offers the value in USD for the above analysis, segments, regions, and countries. The report covers market trends, as well as market dynamics such as drivers, restraints, and key opportunities. The report also covers industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments in the market.

Purpose of the Report

The report Acrylic Acid Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:

  • Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
  • Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
  • Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.

Acrylic Acid Market Segmentation

Derivative [Acrylic Ester, Acrylic Polymers]
    Application
    • Surface Coatings
    • Plastics
    • Adhesives
    • Paints
    • Detergents
    • Water Treatment
    • Textile]

    Strategic Insights

    Acrylic Acid Market Growth Drivers
    • Rising Demand for Acrylic Acid: The monomer acrylic acid is one of the main components used in the processing of superabsorbent polymers, which are widely utilized in hygiene-related items such as diapers and sanitary napkins. The rapid growth in demand for these products can be attributed to the growing population across the world, increasing birth rates in developing countries, and peripheral awareness regarding personal hygiene. Demand for superabsorbent polymers is growing as end-users include high-performance, green substitutes in consumer products. This, in turn, increases the consumption of acrylic acid.
    • Growth of Acrylic Acid Market: Production of paints, coatings, and adhesives also incorporates acrylic acid derivatives due to their characteristics, such as durability, weather resistance, and gloss. The construction and automotive industries, especially in developing countries, are generating demand for quality coatings because of the ongoing development in these sectors. Moreover, the shift in preference towards green and low VOC (volatile organic compounds) products has resulted in manufacturers opting for acrylic-based products, which is increasing the overall acrylic acid market.
    • Increasing Acrylic Acid in Textiles: The textile industry uses increasing amounts of acrylic acid due to its properties, such as moisture control and the ability to dye. As the focus in the fashion industry shifts toward the adoption of green measures, the application of acrylic acid in the creation of breathable and water-proof textiles is also on the rise.
    Acrylic Acid Market Future Trends
    • Shift Towards Sustainable Acrylic Acid Production: More and more industries are promoting sustainability. Businesses are putting money into the use of bio-friendly raw materials and green chemistry for the sourcing of acrylic acid. This reorientation comes in the wake of consumer pursuits of greener products and heightened focus on environmental controls. Therefore, the production techniques in use will primarily focus on low carbon production and high resources utilization.
    • Advancements in Acrylic Acid Production: Development of production-oriented technologies like more performant catalysts and better reactors should improve the output and lower the production cost of acrylic acid. These developments would enable the use of different feed stocks which in turn would enhance the market competition.
    • Recycling and Circular Economy in Acrylic Acid: Circular economy is under serious consideration as different sectors are making efforts to recycle and eliminate waste. In the acrylic acid market, it is likely that this will lead to the introduction of recycling technology for acrylic acid products creating a closed loop system.
    Acrylic Acid Market Opportunities
    • Growth in Emerging Markets: The rapid industrialization and urbanization in regions such as Asia-Pacific, Latin America, and Africa allow acrylic acid manufacturers to take advantage of considerable market opportunities. With the growth of the economies in these regions, there are high possibilities for increased demand for personal care, textile products as well as construction materials, which in turn will augment the use of acrylic acid.
    • Rising Demand for Specialized Acrylics: There is an increased inclination towards the creation of specialty acrylic products suited for specific usage, such as in adhesives, sealants, and performance coatings. Such products tend to attract better market pricing and able to improve profitability. Firms emphasizing research and development to come up with new formulations of acrylics will be able to access such small markets.
    • Strategic Partnerships: Partnerships such as with other firms, research entities, or technology providers can create a market growth potential for acrylic acid. Such engagements would enhance product development and enter into new markets through pooling of resources, skills and technology. Strategic alliances also assist firms in dealing with excessive regulatory requirements.

    Market Report Scope

    Key Selling Points

    • Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Acrylic Acid Market, providing a holistic landscape.
    • Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
    • Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
    • Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.

    The research report on the Acrylic Acid Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.

    REGIONAL FRAMEWORK
    • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
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    MARKET PLAYERS
    • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
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    Report Coverage

    Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

    Segment Covered

    This text is related
    to segments covered.

    Regional Scope

    North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

    Country Scope

    This text is related
    to country scope.

    The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

    1. Data Collection and Secondary Research:

    As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

    Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

    1. Primary Research:

    The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

    For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

    A typical research interview fulfils the following functions:

    • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
    • Validates and strengthens in-house secondary research findings
    • Develops the analysis team’s expertise and market understanding

    Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

    • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
    • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

    Below is the breakup of our primary respondents by company, designation, and region:

    Research Methodology

    Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

    1. Data Analysis:

    Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

    • 3.1 Macro-Economic Factor Analysis:

    We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

    • 3.2 Country Level Data:

    Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

    • 3.3 Company Profile:

    The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

    • 3.4 Developing Base Number:

    Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

    1. Data Triangulation and Final Review:

    The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

    We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

    We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

    Your data will never be shared with third parties, however, we may send you information from time to time about our products that may be of interest to you. By submitting your details, you agree to be contacted by us. You may contact us at any time to opt-out.

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