Saturday, 3 May 2014
Acrylic Acid Market Analysis, Trends and Forecast 2012 - 2020
Allied Market Research added a new report titled "Global Acrylic Acid Market (Derivative Types, Applications, Geography)- Size, Share, Global Trends, Company Profiles, Demand, Insights, Analysis, Research, Report, Opportunities, Segmentation and Forecast, 2012 - 2020" to its on-demand report catalogue and is now available for pre-book.
The market research conducted by Allied Market Research is projecting the current trends in the applications of acrylic acid market. This report evaluates the acrylic acid market in terms of value ($million) and volume (tons). Acrylic acid is the essential compound used in surface coating industry that helps in manufacturing of high tensile and thermal resistance materials.
Acrylic acid is expected to be the largest revenue generating segment in surface coating industry due to the increase in demand for absorbent polymers in manufacturing consumer products. The acrylic acid market garnered approximately half of the total market revenue of absorbent polymers market in 2012 and it is further expected to grow.
Developed economies are witnessing rapid growth in acrylic acid market as it largely used in manufacturing consumer products; therefore, there is a positive expectancy for the market to grow in future. However, In spite of the positive market expectancy in developed economics, the companies in developing economies are unable to establish manufacturing plants for acrylic acid production due to the heavy initial capital involved.
Gaining competitive advantage in the growing economies such as China, India and Africa is the first target for companies competing in this market. However, to explore the opportunities in the market, companies competing in the global market are adopting collaboration and agreement as developmental strategies in acrylic acid market.