According to a new report, published by KBV research, The Global Acrylic Acid Market size is expected to reach $14.8 billion by 2030, rising at a market growth of 4.4% CAGR during the forecast period. In the year 2022, the market attained a volume of 6,546.6 Killo Tonnes, experiencing a growth of 3.6% (2019-2022).
The Diapers segment is leading the Global Acrylic Acid Market by End-user in 2022; thereby, achieving a market value of $3.6 billion by 2030. Growing awareness of hygiene practices, especially in emerging markets, has increased demand for high-quality diapers. Parents and caregivers are increasingly prioritizing products that offer better absorbency, leakage protection, and overall comfort for infants. Population growth and rising birth rates contribute to an increased demand for diapers. As populations grow, especially in developing regions, the demand for convenient and efficient diapering solutions rises. These aspects will pose lucrative growth prospects for the segment.
The Acrylic Polymer segment is registering a CAGR of 5.1% during (2023 - 2030). Acrylic polymers play a crucial role in the adhesives and sealants industry. They contribute to the formulation of adhesives with strong bonding capabilities and sealants with excellent durability and flexibility. The growth in construction, packaging, and automotive applications has increased demand for acrylic polymer-based adhesives and sealants. These factors will boost the demand in the segment.
The Asia Pacific region dominated the Global Acrylic Acid Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $7.3 billion by 2030. The North America region is anticipating a CAGR of 3.6% during (2023 - 2030). Additionally, The Europe region would exhibit a CAGR of 3.8% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/acrylic-acid-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Mitsubishi Chemical Holdings Corporation, Arkema S.A., BASF SE, The Dow Chemical Company, Evonik Industries AG (RAG-Stiftung), LG Chem Ltd. (LG Corporation), Formosa Plastics Group, Sasol Limited, Nippon Shokubai Co., Ltd., and Merck KGaA
By End-user (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By Derivative Type (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By Geography (Volume, Kilo Tonnes, USD Billion, 2019-2030)
Companies Profiled
Unique Offerings 
