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Trending Report on Acrylic Acid Market 2021-2025 Business Outlook, Critical Insight and Growth Strategy

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Marnie Serrano

Demand In Superabsorbent Industry Is Anticipated To Drive The Acrylic Acid Market At A CAGR Of 6.8% Over The Forecast Period

Rising demand of acrylic ester and polymers in the surfactant and superabsorbent is likely to provide competitive advantage to the global acrylic acid market

High demand of coating in the construction industry is driving the demand of acrylic acid across the globe. Also, water based coating which is estimated to be the most environmental friendly type of paints is further expected to propel the demand. However, unhealthy effects coupled with fluctuating raw material prices are the key factor hindering the growth of this market. For instance, Acrylic acid is a potent irritant to eye, skin and mucous membrane in humans. Also, studies of animal cancer have shown both positive and negative outcomes.

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Acrylic acid is used in latex application, floor polish, polymer solution, emulsion polymer, paint formulations, leather finishing’s and paper coatings, etc. During its manufacture and use, acrylic acid can be released in waste water and as pollution. Individuals may be vulnerable to air inhalation or water intake

Key players operating in this industry include Global leaders in this market include Arkema, BASF SE, China Petroleum & Chemical Corporation, Dow, Formosa Plastics Corporation, Mitsubishi Chemical Corporation, NIPPON SHOKUBAI CO., LTD, Sasol, Shanghai Huayi Acrylic Acid Co. Ltd, LG Chem, Merck KGaA. Major players are engaged in expansion and increased investment in R&D. However, volatility in the prices is still the major concern for the global players.

Access full Report Description, TOC, Table of Figure, Chart, etc. @ https://www.adroitmarketresearch.com/industry-reports/acrylic-acid-market   

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