Acrylic acid(C3H4O2) is the simplest, colorless unsaturated carboxylic acid having a characteristic acrid or tart smell. According to BlueQuark Research & Consulting, the global Acrylic Acid market is expected to witness a significant growth rate having a CAGR of around 5% during the forecasted period. Factor such as the rising demand in the personal care market for superabsorbent polymers is expected to fuel the Acrylic acid market in the forecasted period. Further, expanding use is also likely to shape the market in manufacturing surface coatings, surfactants, and adhesives & sealants. The increasing demand for glacial acrylic acid (GAA) in superabsorbent polymers (SAP) is a primary factor influencing the growth of Acrylic acid. Furthermore, the expanding SAP reach in niche segments involving adult incontinence, water treatment additives, and radiation treated coatings is anticipated to play an essential role in the Acrylic acid market growth in the forecasted period. However, the market's growth prospects are hampered by fluctuating raw material prices.

Acrylic acid is mainly utilized to produce acrylic esters and resins needed for coatings and adhesives. It is also worn in oil treatment chemicals, water treatment chemicals, and polyacrylic acid polymers. 

Sanitary products have the largest market share in the Acrylic Acid market in terms of segmentation by the application. The growing awareness of hygiene among all population groups is expected to promote sanitary products such as sanitary pads, diapers, and pads, which may likely increase the consumption of acrylic acid during the forecasted period. SAP is desirable for sanitary products and diapers as they can often absorb their weight in liquid. Superabsorbent polymers make them ideal for use in water-absorbing applications, such as adult incontinence pads, baby nappies, absorbent medical dressings, and controlled release drugs. SAP accounts for about 30% of the total acrylic acid demand globally. Superabsorbent polymers are manufactured using acrylic acid as raw material and sodium hydroxide to form a chain of acrylic acid. The feminine hygiene market, including sanitary napkins, menstrual cups, tampons, and vaginal health products, makes up an essential share of the SAP market. In confluence with various non-profit organizations (NGOs), governments in numerous countries are undertaking enterprises to spread awareness among girls/women about feminine hygiene, particularly in developing economies. Thus boosted sales of sanitary napkins are likely to drive the market for Acrylic acid. The rising awareness about hygiene among all population groups is predicted to promote the use of superabsorbent polymers (pads, diapers, and sanitary napkins), which may augment the consumption of acrylic acid during the forecasted period.

Asia-Pacific region is projected to be the biggest market for global Acrylic Acid. Due to the rising investments in the infrastructure, automotive, and construction industries, the need for paints and coatings is increasing in this region. The Asia-Pacific region is the major consumer of hygiene and personal care products globally. The need for personal care and hygiene products in the area is attributed to the region's large infant population, increasing individual and hygiene care to spend. Acrylate esters dominate the Global Acrylic Acid market. Acrylate esters are generally used for coating binders, gun towers, bomber noses, aircraft canopies, cosmetics, etc. These are used in applications where aging & weathering resistance, transparency, and color stability are needed. They exhibit properties like color stability, clarity, aging, heat resistance, and excellent weather-ability, and hence are used in coating & adhesives industries. Acrylic acid is a flexible monomer polymerized to complex molecular arrangements. Acrylic acid is manufactured by oxidation from propane and is a bio-based process based on lactic acid. At the same time, acrylic polymers are derived from acrylic and methacrylic acid. Hence, the acrylic acid producers focus on R&D to find bio-based sources for the production of acrylic acid. Increasing the overall consumption of Acrylic Acid for acrylate esters was observed, which is widely used for various applications such as the paints & coatings industry, textiles, plastics, and adhesives. Glacial acrylic acid (GAA) is majorly used as a building block to produce acid-functional and crosslinked acrylic copolymers and polyacrylic acids. The other name of glacial acrylic acid is 2-propenoic acid. Glacial acrylic acid offers notable advantages as a co-monomer in an extensive range of acrylic and vinyl acrylic polymer-based finishes, coatings, sealants, adhesives, inks, thickeners, flocculants, and lubricants, among others. Besides, Glacial acrylic acid (GAA) is used to make polymers in applications ranging from medical hydrogels to superabsorbent polymers to detergents. It is primarily driven by the growth observed in the construction sector and new infrastructure projects globally, propelling the overall acrylic acid market. In addition, increasing use of Butyl acrylates, holding the largest share in demand volume of acrylate esters mainly driven by coating application, further spur the overall market. Features such as variable degrees of durability, hardness, tackiness, and glass transition temperatures are expected to promote consumption in various end-use applications. Acrylic acid is a high used to produce many products used in the construction industry. The primary use of acrylic acid derivatives in the construction industry is a weather-resistant coating. Thus, the growing construction industry has appeared as the leading global acrylic acid market driver over the forecasted period.

The Global Acrylic Acid market is partially fragmented. The key players are Arkema, BASF, LG Chemical, Mitsubishi Chemicals, Sinopec, and Evonik Industries.  

In January 2019, BASF and Adani Group signed an agreement to evaluate a significant joint investment in the acrylics value chain in India.

In October 2020, Arkema successfully started its new 90,000-ton acrylic acid reactor at its Clear Lake site in Texas to attract consumers from paints, superabsorbents, water treatment, and adhesives markets in North America.

In August 2021, BASF and SINOPEC companies decided to expand their Verbund site controlled by BASF-YPC Co., a half and half joint venture of both companies in Nanjing, China. It includes increasing several downstream chemical plants, including a new tert-butyl acrylate plant to support the growing Chinese market.

Global Acrylic Acid Market report provides deep insight into the Acrylic Acid market's current and future state across various regions. The study comprehensively analyzes the Acrylic Acid market by segmenting based on Derivatives (Acrylic Ester (Butyl Acrylate, Ethyl Acrylate, Methyl Acrylate, 2-Ethylhexyl Acrylate) and Glacial Acrylic Acid (Super Absorbent Polymer, Detergent Builder, Polyacrylate), Application (Sanitary Products, Adhesives and Sealants, Paints and Coatings, Surfactants, Textiles and, Other Applications), and Geography (North America, Asia-Pacific, South America, Europe, and Middle-East and Africa). The report examines the market drivers and restraints and the impact of Covid-19 on the market growth in detail. The study covers & includes emerging market trends, developments, opportunities, and challenges in the industry. This report also extensively researched competitive landscape sections with major companies' profiles, including their market shares and projects.