Acrylic Acid Market Analysis, Size, Share, Growth, Trends, and Forecasts by 2031

The Global Acrylic Acid market and industry is quite significant in producing the necessary materials in a number of applications across different industries. Acrylic acid is one of the important chemicals used mainly for the production of superabsorbent polymers, paints, coatings, adhesives, and textiles. The industry has witnessed consistent growth over time, which was because of the increasing demand for materials used in consumer goods, construction, and automotive applications. The chemical is propylene-based, and the wide range of end-use products that can be manufactured with it will continue to increase its demand in the future years.
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Companies
BASF SE
Dow Chemical
Lucite International
LG Chem
Mitsubishi Chemical Corporation
Sasol Limited
Nippon Shokubai Co., Ltd.
SNP Inc.
The Lubrizol Corporation
Formosa Plastic Corporation
Arkema S.A.
Ashland
Kemira Oyi
Acuro Organics Limited

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The Global Acrylic Acid market is pretty vast because this compound finds its major application in the production of superabsorbent polymers, which are essential in the diaper industry and other hygiene products. The demand for these polymers will continue to remain strong, particularly in regions of growing populations and increasing urbanization. Additionally, acrylic acid is used as a monomer in the manufacture of paints and coatings, wherein its properties are durability, adhesion, and flexibility. These factors will continue to be strong market drivers, with a rise in demand in the industrial and commercial sectors.