The Asia Pacific Acrylic Acid Market would witness market growth of 4.7% CAGR during the forecast period (2023-2030). In the year 2021, the Asia Pacific market's volume surged to 2,933.9 kilo tonnes, showcasing a growth of 3.9% (2019-2022).
The acrylic acid market has grown substantially, driven by its versatile applications across various industries. Acrylic acid, a key building block in the production of polymers and specialty chemicals, is a vital component in the manufacturing landscape, finding application in sectors ranging from adhesives and sealants to coatings, textiles, and superabsorbent polymers. The adoption of acrylic acid has surged, propelled by its unique properties and the ever-expanding array of applications. One of the primary factors contributing to its widespread adoption is its remarkable versatility.
In addition, it serves as a precursor to various acrylic esters and polymers, offering a broad spectrum of materials that cater to the diverse needs of industries. In recent years, the demand for acrylic acid has been notably driven by the robust growth in end-use industries such as adhesives, coatings, textiles, and personal care products. The adhesive industry, in particular, has seen a surge in acrylic-based formulations due to their excellent bonding properties, durability, and resistance to environmental factors. Additionally, the coatings industry has embraced acrylic acid for its contribution to high-performance coatings, providing enhanced weatherability and corrosion resistance.
The Government of India established the Jal Shakti Ministry in May 2019, consolidating all water-related agencies into a single ministry to ensure that the populace of India has access to potable water. The Jal Shakti Ministry initiated the Jal Jeevan Mission shortly after its inception; its objective is to supply piped potable water to 146 million households across 700,000 villages by 2024. A budget of $51 billion was allocated by the mission for states to achieve 100 percent residential water connection coverage by 2024, up from 18.33 percent in 2019. Thus, rising textile and water treatment sectors in the Asia Pacific will help expand the regional market.
The China market dominated the Asia Pacific Acrylic Acid Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $1,954.4 million by 2030. The Japan market is experiencing a CAGR of 4% during (2023 - 2030). Additionally, The India market would exhibit a CAGR of 5.3% during (2023 - 2030).
Based on End-user, the market is segmented into Diapers, Surface Coatings Industry, Adhesives & Sealants Industry, Plastic Additives Industry, Water Treatment Industry, Textiles Industry, Surfactants Industry, and Others. Based on Derivative Type, the market is segmented into Acrylic Esters, Acrylic Polymer, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Global Acrylic Acid Market is Predict to reach $14.8 Billion by 2030, at a CAGR of 4.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Mitsubishi Chemical Holdings Corporation, Arkema S.A., BASF SE, The Dow Chemical Company, Evonik Industries AG (RAG-Stiftung), LG Chem Ltd. (LG Corporation), Formosa Plastics Group, Sasol Limited, Nippon Shokubai Co., Ltd., and Merck KGaA.
Scope of the Study
Market Segments Covered in the Report:
By End-user (Volume, Kilo Tonnes, USD Billion, 2019-2030)
- Diapers
- Surface Coatings Industry
- Adhesives & Sealants Industry
- Plastic Additives Industry
- Water Treatment Industry
- Textiles Industry
- Surfactants Industry
- Others
By Derivative Type (Volume, Kilo Tonnes, USD Billion, 2019-2030)
- Acrylic Esters
- Acrylic Polymer
- Others
By Country (Volume, Kilo Tonnes, USD Billion, 2019-2030)
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Mitsubishi Chemical Holdings Corporation
- Arkema S.A.
- BASF SE
- The Dow Chemical Company
- Evonik Industries AG (RAG-Stiftung)
- LG Chem Ltd. (LG Corporation)
- Formosa Plastics Group
- Sasol Limited
- Nippon Shokubai Co., Ltd.
- Merck KGaA
TABLE 1 Asia Pacific Acrylic Acid Market, 2019 - 2022, USD Million
TABLE 2 Asia Pacific Acrylic Acid Market, 2023 - 2030, USD Million
TABLE 3 Asia Pacific Acrylic Acid Market, 2019 - 2022, Kilo Tonnes
TABLE 4 Asia Pacific Acrylic Acid Market, 2023 - 2030, Kilo Tonnes
TABLE 5 Asia Pacific Acrylic Acid Market by End-user, 2019 - 2022, USD Million
TABLE 6 Asia Pacific Acrylic Acid Market by End-user, 2023 - 2030, USD Million
TABLE 7 Asia Pacific Acrylic Acid Market by End-user, 2019 - 2022, Kilo Tonnes
TABLE 8 Asia Pacific Acrylic Acid Market by End-user, 2023 - 2030, Kilo Tonnes
TABLE 9 Asia Pacific Diapers Market by Country, 2019 - 2022, USD Million
TABLE 10 Asia Pacific Diapers Market by Country, 2023 - 2030, USD Million
TABLE 11 Asia Pacific Diapers Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 12 Asia Pacific Diapers Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 13 Asia Pacific Surface Coatings Industry Market by Country, 2019 - 2022, USD Million
TABLE 14 Asia Pacific Surface Coatings Industry Market by Country, 2023 - 2030, USD Million
TABLE 15 Asia Pacific Surface Coatings Industry Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 16 Asia Pacific Surface Coatings Industry Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 17 Asia Pacific Adhesives & Sealants Industry Market by Country, 2019 - 2022, USD Million
TABLE 18 Asia Pacific Adhesives & Sealants Industry Market by Country, 2023 - 2030, USD Million
TABLE 19 Asia Pacific Adhesives & Sealants Industry Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 20 Asia Pacific Adhesives & Sealants Industry Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 21 Asia Pacific Plastic Additives Industry Market by Country, 2019 - 2022, USD Million
TABLE 22 Asia Pacific Plastic Additives Industry Market by Country, 2023 - 2030, USD Million
TABLE 23 Asia Pacific Plastic Additives Industry Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 24 Asia Pacific Plastic Additives Industry Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 25 Asia Pacific Water Treatment Industry Market by Country, 2019 - 2022, USD Million
TABLE 26 Asia Pacific Water Treatment Industry Market by Country, 2023 - 2030, USD Million
TABLE 27 Asia Pacific Water Treatment Industry Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 28 Asia Pacific Water Treatment Industry Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 29 Asia Pacific Textiles Industry Market by Country, 2019 - 2022, USD Million
TABLE 30 Asia Pacific Textiles Industry Market by Country, 2023 - 2030, USD Million
TABLE 31 Asia Pacific Textiles Industry Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 32 Asia Pacific Textiles Industry Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 33 Asia Pacific Surfactants Industry Market by Country, 2019 - 2022, USD Million
TABLE 34 Asia Pacific Surfactants Industry Market by Country, 2023 - 2030, USD Million
TABLE 35 Asia Pacific Surfactants Industry Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 36 Asia Pacific Surfactants Industry Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 37 Asia Pacific Others Market by Country, 2019 - 2022, USD Million
TABLE 38 Asia Pacific Others Market by Country, 2023 - 2030, USD Million
TABLE 39 Asia Pacific Others Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 40 Asia Pacific Others Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 41 Asia Pacific Acrylic Acid Market by Derivative Type, 2019 - 2022, USD Million
TABLE 42 Asia Pacific Acrylic Acid Market by Derivative Type, 2023 - 2030, USD Million
TABLE 43 Asia Pacific Acrylic Acid Market by Derivative Type, 2019 - 2022, Kilo Tonnes
TABLE 44 Asia Pacific Acrylic Acid Market by Derivative Type, 2023 - 2030, Kilo Tonnes
TABLE 45 Asia Pacific Acrylic Esters Market by Country, 2019 - 2022, USD Million
TABLE 46 Asia Pacific Acrylic Esters Market by Country, 2023 - 2030, USD Million
TABLE 47 Asia Pacific Acrylic Esters Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 48 Asia Pacific Acrylic Esters Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 49 Asia Pacific Acrylic Polymer Market by Country, 2019 - 2022, USD Million
TABLE 50 Asia Pacific Acrylic Polymer Market by Country, 2023 - 2030, USD Million
TABLE 51 Asia Pacific Acrylic Polymer Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 52 Asia Pacific Acrylic Polymer Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 53 Asia Pacific Others Market by Country, 2019 - 2022, USD Million
TABLE 54 Asia Pacific Others Market by Country, 2023 - 2030, USD Million
TABLE 55 Asia Pacific Others Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 56 Asia Pacific Others Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 57 Asia Pacific Acrylic Acid Market by Country, 2019 - 2022, USD Million
TABLE 58 Asia Pacific Acrylic Acid Market by Country, 2023 - 2030, USD Million
TABLE 59 Asia Pacific Acrylic Acid Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 60 Asia Pacific Acrylic Acid Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 61 China Acrylic Acid Market, 2019 - 2022, USD Million
TABLE 62 China Acrylic Acid Market, 2023 - 2030, USD Million
TABLE 63 China Acrylic Acid Market, 2019 - 2022, Kilo Tonnes
TABLE 64 China Acrylic Acid Market, 2023 - 2030, Kilo Tonnes
TABLE 65 China Acrylic Acid Market by End-user, 2019 - 2022, USD Million
TABLE 66 China Acrylic Acid Market by End-user, 2023 - 2030, USD Million
TABLE 67 China Acrylic Acid Market by End-user, 2019 - 2022, Kilo Tonnes
TABLE 68 China Acrylic Acid Market by End-user, 2023 - 2030, Kilo Tonnes
TABLE 69 China Acrylic Acid Market by Derivative Type, 2019 - 2022, USD Million
TABLE 70 China Acrylic Acid Market by Derivative Type, 2023 - 2030, USD Million
TABLE 71 China Acrylic Acid Market by Derivative Type, 2019 - 2022, Kilo Tonnes
TABLE 72 China Acrylic Acid Market by Derivative Type, 2023 - 2030, Kilo Tonnes
TABLE 73 Japan Acrylic Acid Market, 2019 - 2022, USD Million
TABLE 74 Japan Acrylic Acid Market, 2023 - 2030, USD Million
TABLE 75 Japan Acrylic Acid Market, 2019 - 2022, Kilo Tonnes
TABLE 76 Japan Acrylic Acid Market, 2023 - 2030, Kilo Tonnes
TABLE 77 Japan Acrylic Acid Market by End-user, 2019 - 2022, USD Million
TABLE 78 Japan Acrylic Acid Market by End-user, 2023 - 2030, USD Million
TABLE 79 Japan Acrylic Acid Market by End-user, 2019 - 2022, Kilo Tonnes
TABLE 80 Japan Acrylic Acid Market by End-user, 2023 - 2030, Kilo Tonnes
TABLE 81 Japan Acrylic Acid Market by Derivative Type, 2019 - 2022, USD Million
TABLE 82 Japan Acrylic Acid Market by Derivative Type, 2023 - 2030, USD Million
TABLE 83 Japan Acrylic Acid Market by Derivative Type, 2019 - 2022, Kilo Tonnes
TABLE 84 Japan Acrylic Acid Market by Derivative Type, 2023 - 2030, Kilo Tonnes
TABLE 85 India Acrylic Acid Market, 2019 - 2022, USD Million
TABLE 86 India Acrylic Acid Market, 2023 - 2030, USD Million
TABLE 87 India Acrylic Acid Market, 2019 - 2022, Kilo Tonnes
TABLE 88 India Acrylic Acid Market, 2023 - 2030, Kilo Tonnes
TABLE 89 India Acrylic Acid Market by End-user, 2019 - 2022, USD Million
TABLE 90 India Acrylic Acid Market by End-user, 2023 - 2030, USD Million
TABLE 91 India Acrylic Acid Market by End-user, 2019 - 2022, Kilo Tonnes
TABLE 92 India Acrylic Acid Market by End-user, 2023 - 2030, Kilo Tonnes
TABLE 93 India Acrylic Acid Market by Derivative Type, 2019 - 2022, USD Million
TABLE 94 India Acrylic Acid Market by Derivative Type, 2023 - 2030, USD Million
TABLE 95 India Acrylic Acid Market by Derivative Type, 2019 - 2022, Kilo Tonnes
TABLE 96 India Acrylic Acid Market by Derivative Type, 2023 - 2030, Kilo Tonnes
TABLE 97 South Korea Acrylic Acid Market, 2019 - 2022, USD Million
TABLE 98 South Korea Acrylic Acid Market, 2023 - 2030, USD Million
TABLE 99 South Korea Acrylic Acid Market, 2019 - 2022, Kilo Tonnes
TABLE 100 South Korea Acrylic Acid Market, 2023 - 2030, Kilo Tonnes
TABLE 101 South Korea Acrylic Acid Market by End-user, 2019 - 2022, USD Million
TABLE 102 South Korea Acrylic Acid Market by End-user, 2023 - 2030, USD Million
TABLE 103 South Korea Acrylic Acid Market by End-user, 2019 - 2022, Kilo Tonnes
TABLE 104 South Korea Acrylic Acid Market by End-user, 2023 - 2030, Kilo Tonnes
TABLE 105 South Korea Acrylic Acid Market by Derivative Type, 2019 - 2022, USD Million
TABLE 106 South Korea Acrylic Acid Market by Derivative Type, 2023 - 2030, USD Million
TABLE 107 South Korea Acrylic Acid Market by Derivative Type, 2019 - 2022, Kilo Tonnes
TABLE 108 South Korea Acrylic Acid Market by Derivative Type, 2023 - 2030, Kilo Tonnes
TABLE 109 Singapore Acrylic Acid Market, 2019 - 2022, USD Million
TABLE 110 Singapore Acrylic Acid Market, 2023 - 2030, USD Million
TABLE 111 Singapore Acrylic Acid Market, 2019 - 2022, Kilo Tonnes
TABLE 112 Singapore Acrylic Acid Market, 2023 - 2030, Kilo Tonnes
TABLE 113 Singapore Acrylic Acid Market by End-user, 2019 - 2022, USD Million
TABLE 114 Singapore Acrylic Acid Market by End-user, 2023 - 2030, USD Million
TABLE 115 Singapore Acrylic Acid Market by End-user, 2019 - 2022, Kilo Tonnes
TABLE 116 Singapore Acrylic Acid Market by End-user, 2023 - 2030, Kilo Tonnes
TABLE 117 Singapore Acrylic Acid Market by Derivative Type, 2019 - 2022, USD Million
TABLE 118 Singapore Acrylic Acid Market by Derivative Type, 2023 - 2030, USD Million
TABLE 119 Singapore Acrylic Acid Market by Derivative Type, 2019 - 2022, Kilo Tonnes
TABLE 120 Singapore Acrylic Acid Market by Derivative Type, 2023 - 2030, Kilo Tonnes
TABLE 121 Malaysia Acrylic Acid Market, 2019 - 2022, USD Million
TABLE 122 Malaysia Acrylic Acid Market, 2023 - 2030, USD Million
TABLE 123 Malaysia Acrylic Acid Market, 2019 - 2022, Kilo Tonnes
TABLE 124 Malaysia Acrylic Acid Market, 2023 - 2030, Kilo Tonnes
TABLE 125 Malaysia Acrylic Acid Market by End-user, 2019 - 2022, USD Million
TABLE 126 Malaysia Acrylic Acid Market by End-user, 2023 - 2030, USD Million
TABLE 127 Malaysia Acrylic Acid Market by End-user, 2019 - 2022, Kilo Tonnes
TABLE 128 Malaysia Acrylic Acid Market by End-user, 2023 - 2030, Kilo Tonnes
TABLE 129 Malaysia Acrylic Acid Market by Derivative Type, 2019 - 2022, USD Million
TABLE 130 Malaysia Acrylic Acid Market by Derivative Type, 2023 - 2030, USD Million
TABLE 131 Malaysia Acrylic Acid Market by Derivative Type, 2019 - 2022, Kilo Tonnes
TABLE 132 Malaysia Acrylic Acid Market by Derivative Type, 2023 - 2030, Kilo Tonnes
TABLE 133 Rest of Asia Pacific Acrylic Acid Market, 2019 - 2022, USD Million
TABLE 134 Rest of Asia Pacific Acrylic Acid Market, 2023 - 2030, USD Million
TABLE 135 Rest of Asia Pacific Acrylic Acid Market, 2019 - 2022, Kilo Tonnes
TABLE 136 Rest of Asia Pacific Acrylic Acid Market, 2023 - 2030, Kilo Tonnes
TABLE 137 Rest of Asia Pacific Acrylic Acid Market by End-user, 2019 - 2022, USD Million
TABLE 138 Rest of Asia Pacific Acrylic Acid Market by End-user, 2023 - 2030, USD Million
TABLE 139 Rest of Asia Pacific Acrylic Acid Market by End-user, 2019 - 2022, Kilo Tonnes
TABLE 140 Rest of Asia Pacific Acrylic Acid Market by End-user, 2023 - 2030, Kilo Tonnes
TABLE 141 Rest of Asia Pacific Acrylic Acid Market by Derivative Type, 2019 - 2022, USD Million
TABLE 142 Rest of Asia Pacific Acrylic Acid Market by Derivative Type, 2023 - 2030, USD Million
TABLE 143 Rest of Asia Pacific Acrylic Acid Market by Derivative Type, 2019 - 2022, Kilo Tonnes
TABLE 144 Rest of Asia Pacific Acrylic Acid Market by Derivative Type, 2023 - 2030, Kilo Tonnes
TABLE 145 Key Information – MITSUBISHI CHEMICAL HOLDINGS CORPORATION
TABLE 146 Key information – Arkema S.A.
TABLE 147 Key Information – BASF SE
TABLE 148 Key Information – The Dow Chemical Company
TABLE 149 Key Information – Evonik Industries AG
TABLE 150 key information – LG Chem Ltd.
TABLE 151 Key Information – Formosa Plastics Group
TABLE 152 Key Information – Sasol Limited
TABLE 153 Key Information – Nippon Shokubai Co., Ltd.
TABLE 154 key Information – Merck KGaA
List of Figures
FIG 1 Methodology for the research
FIG 2 Asia Pacific Acrylic Acid Market, 2019 - 2030, USD Million
FIG 3 Key Factors Impacting the Acrylic Acid Market
FIG 4 Porter’s Five Forces Analysis – Acrylic Acid Market
FIG 5 Asia Pacific Acrylic Acid Market share by End-user, 2022
FIG 6 Asia Pacific Acrylic Acid Market share by End-user, 2030
FIG 7 Asia Pacific Acrylic Acid Market by End-user, 2019 - 2030, USD Million
FIG 8 Asia Pacific Acrylic Acid Market share by Derivative Type, 2022
FIG 9 Asia Pacific Acrylic Acid Market share by Derivative Type, 2030
FIG 10 Asia Pacific Acrylic Acid Market by Derivative Type, 2019 - 2030, USD Million
FIG 11 Asia Pacific Acrylic Acid Market share by Country, 2022
FIG 12 Asia Pacific Acrylic Acid Market share by Country, 2030
FIG 13 Asia Pacific Acrylic Acid Market by Country, 2019 - 2030, USD Million
FIG 14 SWOT Analysis: Mitsubishi Chemical Holdings Corporation
FIG 15 SWOT Analysis: Arkema S.A.
FIG 16 SWOT Analysis: BASF SE
FIG 17 SWOT Analysis: The Dow Chemical Company
FIG 18 SWOT Analysis: Evonik Industries AG
FIG 19 Swot Analysis: LG Chem Ltd.
FIG 20 SWOT Analysis: Formosa Plastics Group
FIG 21 Recent strategies and developments: Nippon Shokubai Co., Ltd.
FIG 22 SWOT Analysis: Nippon Shokubai Co., Ltd.
FIG 23 Swot Analysis: Merck KGaA