Glacial Acrylic Acid Market Overview:
The Glacial Acrylic Acid Market analysis provides a full insight into the competition, including the market share and company profiles of the key worldwide rivals. The scope of the research covers a thorough investigation of the Glacial Acrylic Acid Market, as well as the causes for variances in the industry’s growth in different regions.
The Glacial Acrylic Acid Market was valued at USD 2.7 Billion in 2022, and is expected to reach USD 3.48 Billion by 2029, exhibiting a CAGR of 3.7 % during the forecast period (2023-2029)
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Following the completion of market engineering, which comprised market statistics calculations, estimations of market size, market projections, market breakdown, and data triangulation, major primary research was conducted to obtain information and verify and validate critical numbers. Top-down and bottom-up strategies, as well as several data triangulation procedures, were often used throughout the market engineering process to perform market estimating and forecasting for the overall market segments and sub-segments discussed in this research. In order to give vital information throughout the report, extensive qualitative and quantitative analysis is done on all data gathered throughout the market engineering process.
Segmentation:
The market for glacial acrylic acid was dominated by the nappies sector in 2022, and over the projected period, it is anticipated to expand at a CAGR of 5.7%. Superabsorbent polymers (SAP), which are frequently used in disposable baby diapers, are created using glacial (distilled) acrylic acid. Cross-linked polyacrylates, another name for superabsorbent polymers, can hold and absorb a hundred times their own weight in liquid. More than 30% of the world’s usage of acrylic acid is contained in superabsorbent polymers. Glacial acrylic acid, which has many uses in nappy goods, is available from manufacturers. Glacial acrylic acid is available from BASF PETRONAS Chemicals Sdn. Bhd. for use in disposable diapers. Furthermore, Tasnee’s glacial acrylic acid is an unsaturated carboxylic acid that comes as a clear, colourless liquid with a distinctively pungent odour. It can mix with liquids like water and alcohol.
During the forecast period, the adult & feminine hygiene segment is anticipated to expand at a CAGR of 5.5% and account for a sizeable portion of the glacial acrylic acid market. Superabsorbent polymers are crucial components of the value chain for acrylic acid and are mostly used to manufacture feminine and adult hygiene products. Superabsorbent polymers are highly sought-after in adult and feminine hygiene products due to their water-absorbing properties. The rapid market expansion is a result of the rising need for the creation of superabsorbent polymers. As a result, it is anticipated that this will have a favourable impact on the market, where its end uses mostly involve the production of female hygiene and adult incontinence goods. The ageing population and increased consumer awareness of hygiene are the two main causes projected to drive up demand for glacial acrylic acid.
1. Global Glacial Acrylic Acid Market, by Application (2021-2029)
• Nappies
• Adult & Feminine Hygiene
• Detergents
• Adhesives, Coatings & Sealants
• Water Treatment
• Others
2. Global Glacial Acrylic Acid Market, by End User (2021-2029)
• Hospitals and Clinics
• Others
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Key Players:
Primary and secondary research is used to identify market leaders, and primary and secondary research is used to calculate market revenue. In-depth interviews with important thought leaders and industry professionals such as experienced front-line staff, CEOs, and marketing executives were conducted as part of the primary study. Primary research comprised in-depth interviews with key thought leaders and industry professionals such as experienced front-line staff, CEOs, and marketing executives, while secondary research included a review of the main manufacturers’ annual and financial reports. Secondary data is used to determine percentage splits, market shares, growth rates, and worldwide market breakdowns, which are then cross-checked with primary data.
• The biggest players in the Glacial Acrylic Acid Market are as follows:
1.The Dow Chemical Company
2.Arkema
3.BASF SE
4. Sasol
5. Tasnee
6. Mitsubishi Chemical Corporation
7.NIPPON SHOKUBAI CO., LTD.
8. Formosa Plastics Corporation
9. HAITUNG CHEMICALS CO.,LTD.
10.BASF PETRONAS Chemicals Sdn. Bhd
11.Cargill, Incorporated
12.Novozymes
13. Hexion Inc.
14. LG Chem
15. Novomer Inc
16. Sanmu Group
17.Shandong kaitai petrochemical Co., Ltd.
Regional Analysis:
Individual market influencing components and changes in market regulations affecting the present and future market trends are also included in the regional overview of the Glacial Acrylic Acid Market analysis. Current and future trends are researched in order to assess the entire market potential and identify profitable patterns in order to get a stronger foothold. The geographical market assessment is based on the present environment and expected developments.
COVID-19 Impact Analysis on the Glacial Acrylic Acid Market:
End-user industries where Glacial Acrylic Acid Market is utilized saw a dip in growth from January 2020 to May 2020 in a number of countries, including China, Italy, Germany, the United Kingdom, the United States, Spain, France, and India, due to a pause in operations. This resulted in a significant decrease in the revenues of businesses working in these industries and, as a result, in demand for Glacial Acrylic Acid Market manufacturers, influencing the development of the Glacial Acrylic Acid Market in 2020. End-user business demand for Glacial Acrylic Acid Market has declined significantly as a result of lockdowns and an increase in COVID-19 events worldwide.
Key Questions Answered in the Glacial Acrylic Acid Market Report are:
In 2021, which segment held the highest proportion of the Glacial Acrylic Acid Market?
What is the Glacial Acrylic Acid Market’s competitive landscape?
What are the primary drivers assisting the Glacial Acrylic Acid Market growth?
Which region has the most market share in the Glacial Acrylic Acid Market?
What will be the Glacial Acrylic Acid Market’s CAGR throughout the projected period?
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