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Global Acrylic Acid and its Derivatives Market 2016-2020

Global Acrylic Acid and its Derivatives Market 2016-2020

About Acrylic Acid and Its Derivatives

Acrylic acid is an organic compound that is colorless and has a characteristic acrid odor. It is an unsaturated carboxylic acid with a vinyl group. Its derivatives mainly include acrylic esters and polymers. The major derivative of acrylic acid is acrylic ester, which accounts for the half of the world demand. Unrefined acrylic acid is used to make acrylates and other derivatives that are mostly used in paint, textile, adhesives, personal care, and coatings.

Technavio’s analysts forecast the global acrylic acid and its derivatives market to grow at a CAGR of 6.54% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global acrylic acid and its derivatives market for 2016-2020. To calculate the market size, the report considers the revenue generated by the sales of acrylic acid and its derivatives across major regions by considering 2015 as the base year.

The market is divided into the following segments based on geography:

  • APAC
  • North America
  • Europe
  • ROW
Technavio's report, Global Acrylic Acid and Its Derivatives Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Arkema
  • BASF
  • Evonik Industries
  • Mitsubishi Chemical Holdings
  • Nippon Shokubai
Market driver
  • Use of acrylic coatings in insulation applications
  • For a full, detailed list, view our report
Market challenge
  • Concerns regarding health and environment
  • For a full, detailed list, view our report
Market trend
  • Growing preference for acrylic hybrid technologies
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2020 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Acrylic Acid and Its Derivatives Market 2016-2020

Technavio recognizes the following companies as the key players in the global acrylic acid and its derivatives market: Arkema, BASF, Evonik Industries, Mitsubishi Chemical Holdings, and Nippon Shokubai.

Commenting on the report, an analyst from Technavio’s team said: “Acrylic hybrid coatings are prepared by the reaction of an acrylic polymer with a large amount of compatible functional polymer through chemical reactions or by physical blending. The resultant compound has the benefits offered by both the substances. The resulting hybrid polymer usually has the best of the qualities of each polymer that is blended.”

According to the report, in recent years, there has been a significant increase in construction spending by many countries worldwide. The construction industry in APAC has grown drastically due to population growth, rising per capita income, and enhanced living standards. Further, the conception of large infrastructure projects in emerging economies such as India and China will increase the demand for PMMA in APAC. The growing industrial and commercial base in India and China is expected to foster the market for acrylic acid and its derivatives in APAC.

Further, the report states that acrylic acid is obtained from propylene, a derivative of crude oil. The fluctuating costs of crude oil increase the cost of propylene, thereby decreasing the profit margins of vendors. The fluctuating prices of Brent crude oil have contributed to uncertainty in the procurement costs for vendors. In response to the volatile raw material costs, many vendors, including BASF, have increased the prices of their acrylic-based polymer products.

Companies Mentioned

Arkema, BASF, Evonik Industries, Mitsubishi Chemical Holdings, Nippon Shokubai.

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
      • Table Global acrylic acid and its derivatives market
      • Table Global acrylic acid and its derivatives market by derivative
      • Table Global acrylic acid and its derivatives market by geography
    • Top-vendor offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
  • Market landscape
    • Global acrylic acid and its derivatives market
      • Table Global acrylic acid and its derivatives market 2015-2020 ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by derivative
    • Global acrylic acid and its derivatives market by derivative
      • Table Global acrylic acid and its derivatives by derivative 2015 and 2020
    • Global acrylic ester market
      • Table Global acrylic ester market 2015-2020 ($ billions)
    • Global acrylic polymer market
      • Table Global acrylic polymer market 2015-2020 ($ billions)
    • Global market for other acrylic acid derivatives
      • Table Global market for other acrylic acid derivatives 2015-2020 ($ billions)
  • Outlook by applications
    • Surface coatings
    • Adhesives and sealants
    • Construction
    • Automotive
    • Personal care products and cosmetics
    • Waste management
    • Plastic additives
    • Textiles
  • Geographic segmentation
    • Global acrylic acid and its derivatives market by geography
      • Table Global acrylic acid and its derivatives market by geography by 2015 and 2020
    • Acrylic acid and its derivatives market in APAC
      • Table Acrylic acid and its derivatives market in APAC 2015-2020 ($ billions)
    • Acrylic acid and its derivatives market in North America
      • Table Acrylic acid and its derivatives market in Americas 2015-2020 ($ billions)
    • Acrylic acid and its derivatives market in Europe
      • Table Acrylic acid and its derivatives market in Europe 2015-2020 ($ billions)
    • Acrylic acid and its derivatives market in ROW
      • Table Acrylic acid and its derivatives market in ROW 2015-2020 ($ billions)
  • Market drivers
    • Use of acrylic coatings in insulation applications
    • Growing demand from APAC
    • Increased demand for SAPs
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Fluctuations in raw material costs
      • Table Crude oil price 2009-2015 ($ per barrel)
    • Concerns regarding health and environment
    • Stringent regulations regarding use of acrylic acid and its derivatives
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Growing preference for acrylic hybrid technologies
    • Increasing acceptance of sound damping acrylic coatings
    • Rise in production of bio-based acrylic acid
  • Vendor landscape
    • Competitive scenario
    • Major market vendors
      • Table Global acrylic acid and its derivatives market: Major vendors
  • Key vendor analysis
    • Arkema
      • Table Arkema: Business segmentation
    • BASF
      • Table BASF: Business segmentation by revenue 2015
      • Table BASF: Geographic segmentation by revenue 2015
    • Evonik Industries
      • Table Evonik Industries: Business segmentation by revenue 2015
    • Mitsubishi Chemical Holdings
      • Table Mitsubishi Chemical Holdings: Business segmentation by revenue 2015
    • Nippon Shokubai
      • Table Nippon Shokubai: Business segmentation
      • Table Business divisions
  • Appendix
    • List of abbreviations
  • Explore Technavio

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