Acrylic Acid Market CAGR Trends: Growth Outlook 2025-2033

Key Insights

The global acrylic acid market is experiencing robust growth, projected to maintain a Compound Annual Growth Rate (CAGR) exceeding 5% from 2025 to 2033. This expansion is driven primarily by the increasing demand for acrylic acid derivatives in diverse applications, notably paints and coatings, adhesives and sealants, and sanitary products. The rising construction activity globally, coupled with the growing demand for high-performance materials in various industries, fuels this market expansion. Furthermore, advancements in acrylic acid-based technology, leading to the development of sustainable and eco-friendly products, are further bolstering market growth. Key players like Arkema, BASF, and Mitsubishi Chemical are actively investing in research and development to enhance product offerings and expand their market presence. Regional variations exist, with Asia Pacific, particularly China and India, anticipated to exhibit significant growth due to rapid industrialization and urbanization. However, fluctuating raw material prices and environmental regulations pose potential challenges to market growth. The market is segmented by derivative (Methyl Acrylate, Butyl Acrylate, Ethyl Acrylate, 2-Ethylhexyl Acrylate, Glacial Acrylic Acid, Superabsorbent Polymer) and application (Paints and Coatings, Adhesives and Sealants, Surfactants, Sanitary Products, Textiles, Other Applications), offering diverse avenues for investment and growth within specific niches. The competitive landscape is characterized by both established multinational corporations and regional players, leading to ongoing innovation and strategic partnerships.

The continued growth trajectory of the acrylic acid market is expected to be influenced by several factors. The increasing focus on sustainable and biodegradable materials within various industries will drive demand for eco-friendly acrylic acid-based products. Furthermore, technological advancements in production processes, leading to enhanced efficiency and reduced costs, will contribute to market expansion. However, potential economic downturns and geopolitical uncertainties could impact the market's growth trajectory. The successful players in this market will be those that effectively manage supply chain challenges, adapt to evolving regulatory landscapes, and continuously innovate to meet the growing and diversifying needs of their customers across diverse segments and geographical regions. The strategic focus on high-growth regions such as Asia Pacific and the development of specialized applications within the sanitary products and textiles sectors will be crucial for future market leadership.

Acrylic Acid Market Market Composition & Trends

The Acrylic Acid Market is characterized by a moderate level of market concentration, with key players such as BASF SE, Arkema, and Dow holding significant shares. In 2025, BASF SE is expected to hold approximately 20% of the market share, while Arkema and Dow are projected to have 15% and 12%, respectively. The market is driven by continuous innovation, spurred by the need for sustainable and high-performance materials. Regulatory landscapes, particularly in regions like Europe and North America, are pushing for greener production processes, influencing market dynamics.

• Innovation Catalysts: Technological advancements in polymerization techniques and the development of bio-based acrylic acid are key drivers. Companies are investing heavily in R&D to improve product quality and reduce environmental impact.
• Regulatory Landscapes: Stringent environmental regulations, such as the REACH regulation in the EU, are compelling manufacturers to adopt sustainable practices. This has led to a surge in demand for eco-friendly acrylic acid derivatives.
• Substitute Products: Alternatives like methacrylic acid and vinyl acetate pose competitive threats. However, acrylic acid's versatility in various applications maintains its market dominance.
• End-User Profiles: The primary end-users include the paints and coatings industry, accounting for 35% of demand, followed by adhesives and sealants at 25%. The sanitary products sector, driven by superabsorbent polymers, is growing rapidly.
• M&A Activities: Recent mergers and acquisitions have seen a total deal value of approximately $2.5 Billion in the last two years, with major players aiming to expand their production capacities and geographical presence.

Acrylic Acid Market Industry Evolution

The Acrylic Acid Market has experienced significant growth, with a projected CAGR of 5.2% from 2025 to 2033. This growth is driven by increasing demand in emerging economies and technological advancements that enhance production efficiency. The shift towards bio-based acrylic acid is a notable trend, with companies like BASF SE and Arkema investing in sustainable solutions. In 2023, the adoption of bio-based acrylic acid saw a 10% increase, reflecting changing consumer preferences towards eco-friendly products.

Technological advancements have also led to improved polymerization processes, allowing for the production of high-quality acrylic acid derivatives. The development of superabsorbent polymers (SAPs) has been a game-changer, particularly in the sanitary products industry, where SAPs are essential for diapers and adult incontinence products. The market's growth is further supported by the expansion of production facilities, such as BASF SE's new complex in Zhanjiang, China, which will significantly increase the supply of butyl acrylate and 2-ethylhexyl acrylate.

Consumer demands are shifting towards products that offer better performance and sustainability. The paints and coatings industry, for instance, is increasingly using acrylic acid derivatives for their durability and resistance to environmental factors. This trend is expected to continue, with the paints and coatings segment projected to grow at a CAGR of 6% over the forecast period. The evolution of the Acrylic Acid Market is thus closely tied to technological innovation, regulatory changes, and evolving consumer preferences.

Leading Regions, Countries, or Segments in Acrylic Acid Market

The Asia-Pacific region dominates the Acrylic Acid Market, driven by rapid industrialization and urbanization in countries like China and India. In 2025, Asia-Pacific is expected to account for 45% of the global market share, with China alone holding 30%. The region's dominance is fueled by significant investments in the chemical industry and supportive government policies.

• Key Drivers:
• Investment Trends: Major investments in production capacities, such as NIPPON SHOKUBAI CO. LTD's new facility in Indonesia, are boosting regional growth.
• Regulatory Support: Governments in Asia-Pacific are promoting sustainable practices, encouraging the adoption of bio-based acrylic acid.
• Demand from End-Use Industries: The region's booming construction and automotive sectors are driving demand for paints, coatings, and adhesives.

In terms of segments, the By Derivative category sees Butyl Acrylate as the leading segment, primarily due to its extensive use in adhesives and coatings. Butyl Acrylate is expected to grow at a CAGR of 5.5% during the forecast period, driven by its excellent performance characteristics.

• By Application, Paints and Coatings is the dominant segment, with a projected market share of 35% in 2025. The segment's growth is propelled by the need for durable and high-quality finishes in various industries, including automotive and construction.

The dominance of these regions and segments can be attributed to a combination of factors, including strong industrial growth, supportive government policies, and the versatility of acrylic acid derivatives in meeting diverse application needs. As the market continues to evolve, Asia-Pacific's role as a leader in the Acrylic Acid Market is expected to strengthen, supported by ongoing investments and technological advancements.

Acrylic Acid Market Product Innovations

Recent product innovations in the Acrylic Acid Market include the development of bio-based acrylic acid, which offers a sustainable alternative to traditional petrochemical-based products. Companies like BASF SE and Arkema are at the forefront of this shift, leveraging advanced polymerization techniques to produce high-performance acrylic acid derivatives. The introduction of superabsorbent polymers (SAPs) has revolutionized the sanitary products industry, providing enhanced absorbency and comfort. These innovations not only meet the growing demand for eco-friendly materials but also improve product performance across various applications.

Propelling Factors for Acrylic Acid Market Growth

The Acrylic Acid Market is propelled by several key factors:

• Technological Advancements: Innovations in polymerization processes and the development of bio-based acrylic acid are enhancing production efficiency and sustainability.
• Economic Growth: Rapid industrialization in emerging economies, particularly in Asia-Pacific, is driving demand for acrylic acid derivatives in various applications.
• Regulatory Support: Government policies promoting sustainable practices are encouraging the adoption of eco-friendly acrylic acid, boosting market growth.

Obstacles in the Acrylic Acid Market Market

Despite its growth, the Acrylic Acid Market faces several challenges:

• Regulatory Challenges: Stringent environmental regulations increase production costs and complicate compliance.
• Supply Chain Disruptions: Fluctuations in raw material prices and geopolitical tensions can disrupt supply chains, affecting market stability.
• Competitive Pressures: The presence of substitute products like methacrylic acid and vinyl acetate intensifies competition, impacting market share and profitability.

Future Opportunities in Acrylic Acid Market

The Acrylic Acid Market presents several future opportunities:

• New Markets: Expansion into emerging markets with growing industrial sectors offers significant growth potential.
• Technological Innovations: Advances in bio-based materials and sustainable production processes will open new avenues for market expansion.
• Consumer Trends: Increasing demand for eco-friendly and high-performance products will drive the adoption of acrylic acid derivatives.

Major Players in the Acrylic Acid Market Ecosystem

• Arkema
• Merck KGaA
• Mitsubishi Chemical Corporation
• Wanhua
• BASF SE
• Satellite Chemical Co Ltd
• Sasol
• LG Chem
• Dow
• NIPPON SHOKUBAI CO LTD
• Shanghai Huayi Acrylic Acid Co Ltd
• Formosa Plastics Corporation
• China Petroleum & Chemical Corporation (SINOPEC)

Key Developments in Acrylic Acid Market Industry

• January 2024: Arkema obtained ISCC+ certification for its acrylic acid and ester production facility in Taixing, Jiangsu Province, China, marking a significant step towards decarbonizing its acrylic production chain.
• May 2023: NIPPON SHOKUBAI CO. LTD's subsidiary, PT. NIPPON SHOKUBAI, inaugurated a new acrylic acid facility in Cilegon, Banten, Indonesia, with an annual production capacity of 100,000 metric tonnes, enhancing the company's global production capabilities.
• March 2023: BASF SE broke ground on an acrylic acid complex at the Zhanjiang Verbund site in China, which includes plants for glacial acrylic acid, butyl acrylate, and 2-ethylhexyl acrylate, with a combined annual production capacity of approximately 500,000 metric tons.
• February 2023: NIPPON SHOKUBAI CO. LTD acquired ISCC PLUS certification for 19 products, including acrylic acid and superabsorbent polymers, produced at its Himeji and Kawasaki Plants, promoting the use of biomass in disposable diapers and detergents.

Strategic Acrylic Acid Market Market Forecast

The Acrylic Acid Market is poised for robust growth, driven by technological advancements and increasing demand for sustainable materials. The market's future potential lies in the expansion of bio-based acrylic acid and the development of new applications in emerging markets. As companies continue to invest in R&D and production capacity, the market is expected to grow at a steady pace, offering significant opportunities for stakeholders across the value chain.

Acrylic Acid Market Segmentation

• 1. Derivative
  • 1.1. Methyl Acrylate
  • 1.2. Butyl Acrylate
  • 1.3. Ethyl Acrylate
  • 1.4. 2-Ethylhexyl Acrylate
  • 1.5. Glacial Acrylic Acid
  • 1.6. Superabsorbent Polymer
• 2. Application
  • 2.1. Paints and Coatings
  • 2.2. Adhesives and Sealants
  • 2.3. Surfactants
  • 2.4. Sanitary Products
  • 2.5. Textiles
  • 2.6. Other Applications

Acrylic Acid Market Segmentation By Geography

• 1. Asia Pacific
  • 1.1. China
  • 1.2. India
  • 1.3. Japan
  • 1.4. South Korea
  • 1.5. Malaysia
  • 1.6. Thailand
  • 1.7. Indonesia
  • 1.8. Vietnam
  • 1.9. Rest of Asia Pacific
• 2. North America
  • 2.1. United States
  • 2.2. Canada
  • 2.3. Mexico
• 3. Europe
  • 3.1. Germany
  • 3.2. United Kingdom
  • 3.3. France
  • 3.4. Italy
  • 3.5. Spain
  • 3.6. NORDIC Countries
  • 3.7. Turkey
  • 3.8. Russia
  • 3.9. Rest of Europe
• 4. South America
  • 4.1. Brazil
  • 4.2. Argentina
  • 4.3. Colombia
  • 4.4. Rest of South America
• 5. Middle East and Africa
  • 5.1. Saudi Arabia
  • 5.2. Qatar
  • 5.3. United Arab Emirates
  • 5.4. Nigeria
  • 5.5. Egypt
  • 5.6. South Africa
  • 5.7. Rest of the Middle East and Africa