According to the report, the global acrylic acid market generated $13.28 billion in 2016 and is expected to garner $19.51 billion by 2022, registering a CAGR of 6.6% from 2016 to 2022.
Advent of multi-material, full color,
solar-powered and portable 3D printing, and rise in investment in R&D
activities by public and private organizations have boosted the growth of the
global acrylic acid market. However, the high cost associated with advanced 3D
printers, lack of both structured regulatory frameworks & reimbursement
policies, and copyright & patent issues regarding 3D printing hamper the
market growth. On the contrary, increasing set of available and biocompatible
materials, rise in global geriatric population, and surge in number of patients
with auditory loss & dental problems are expected to create lucrative
opportunities in the near future.
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The global acrylic acid market is
divided on the basis of derivative types, end users, and geography. Based on
derivative types, the market is segmented into acrylic esters, acrylic
polymers, and other derivatives. The acrylic polymers segment dominated the
market in terms of revenue in 2016, contributing more than two-fifths of the
market. Moreover, the segment is estimated to register the fastest CAGR of 6.9%
during the forecast period.
On the basis of end user, the market
is bifurcated into diapers, surface coating, adhesives and sealants, plastic
additive industry, water treatment, textiles, surfactants, and others. The
diapers segment held the largest share in 2016 and is expected to continue its
dominance throughout the study period. Moreover, the segment is projected to
register the fastest CAGR of 7.7% during the forecast period.
The market is analyzed across various
regions such as North America, Europe, Asia-Pacific, and LAMEA. The market
across the Asia-Pacific region held the largest share in 2016, contributing
nearly half of the total market share. However, the market across LAMEA is
projected to portray the fastest CAGR of 7.2% during the forecast period.
The global acrylic acid market report
provides an in-depth analysis of the major market players such as BASF SE, The
Dow Chemical Company, Lubrizol Corporation, Arkema SA, Evonik Industries Ag, LG
Chem Ltd., Myriant Corporation, SIBUR, Hexion Inc., and SunVic Chemical
Holdings Limited.
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