Acrylic Acid and its Derivatives 2025 to Grow at 2.9 CAGR with 15100 million Market Size: Analysis and Forecasts 2033

Key Insights

The global acrylic acid and its derivatives market, valued at $15.1 billion in 2025, is projected to experience steady growth, driven by robust demand across diverse applications. A compound annual growth rate (CAGR) of 2.9% from 2025 to 2033 indicates a continuous expansion, reaching an estimated market size of approximately $20.5 billion by 2033. This growth is fueled primarily by the increasing utilization of acrylic acid and its derivatives in superabsorbent polymers for hygiene products (diapers, sanitary napkins), paints and coatings for construction and automotive industries, and adhesives in packaging and construction applications. Furthermore, the expanding textile industry and the rising demand for specialized materials in various sectors contribute to market expansion. While challenges such as fluctuating raw material prices and environmental concerns related to certain production processes exist, technological advancements in sustainable production methods and the development of high-performance derivatives are expected to mitigate these restraints. The market is segmented by type (acrylic acid and its derivatives) and application (superabsorbents, paints & coatings, adhesives, textiles, and others), providing a nuanced understanding of market dynamics. Major players such as BASF, DuPont, and Nippon Shokubai hold significant market share, driving innovation and competition. Regional growth is expected to vary, with Asia-Pacific (particularly China and India) showcasing strong potential due to increasing industrialization and population growth. North America and Europe will continue to contribute significantly to the market, driven by established infrastructure and technological advancements.

The competitive landscape is characterized by a mix of established global players and regional manufacturers. Large multinational corporations leverage their economies of scale and advanced technologies to maintain a competitive edge, while regional companies focus on catering to specific regional demands. The ongoing expansion into emerging markets, coupled with the focus on sustainable practices and innovative product development, positions the acrylic acid and its derivatives market for sustained growth in the long term. Strategic alliances, mergers, and acquisitions are likely to shape the market dynamics over the forecast period. Further research into specific application segments and regional markets will reveal granular insights into growth drivers, potential challenges, and opportunities for investment. Innovation in production techniques, emphasizing sustainability and reducing environmental impact, is a key factor influencing future market trajectory.

Acrylic Acid and its Derivatives Trends

The global acrylic acid and its derivatives market exhibited robust growth throughout the historical period (2019-2024), driven primarily by increasing demand from diverse end-use sectors. The estimated market value in 2025 stands at a substantial figure, exceeding several billion USD, reflecting consistent expansion. This growth trajectory is anticipated to continue throughout the forecast period (2025-2033), with a projected compound annual growth rate (CAGR) promising further market expansion. Key insights reveal a shift towards sustainable and high-performance materials, influencing product development and market segmentation. The increasing adoption of acrylic acid derivatives in superabsorbent polymers for hygiene applications, advanced coatings for construction and automotive, and high-performance adhesives in various industries are significant contributors to this upward trend. Furthermore, regional variations in market dynamics are noteworthy, with Asia-Pacific experiencing substantial growth fueled by rapid industrialization and rising disposable incomes. This region's expanding construction sector and the burgeoning demand for consumer goods significantly impact acrylic acid and derivative consumption. While challenges remain, including fluctuating raw material prices and environmental concerns related to production processes, the overall outlook for the market remains positive, driven by ongoing innovation and increasing application diversity. The market's evolution is shaped by ongoing research into more sustainable production methods and the development of new specialized derivatives tailored to specific end-use applications, thus ensuring its long-term stability and growth. The competitive landscape is characterized by the presence of established players, both global and regional, leading to strategic collaborations and mergers that further shape the market's dynamics.

Driving Forces: What's Propelling the Acrylic Acid and its Derivatives Market?

Several key factors are propelling the growth of the acrylic acid and its derivatives market. The burgeoning construction industry globally is a major driver, with acrylic acid-based polymers finding extensive use in paints, coatings, and adhesives. The rise of disposable incomes, particularly in developing economies, fuels the demand for consumer goods incorporating acrylic materials, further boosting market growth. Technological advancements in the production of acrylic acid derivatives contribute to the development of superior products with enhanced properties, driving their increased adoption across diverse applications. The growing emphasis on sustainable and eco-friendly materials is pushing innovation in the sector, leading to the development of biodegradable and recyclable acrylic polymers that align with environmental regulations and consumer preferences. Moreover, stringent government regulations related to safety and performance in various applications encourage the use of high-quality acrylic acid derivatives, which are often favored for their superior durability and performance attributes. Finally, increasing investments in research and development within the chemical industry are leading to the discovery of new applications and innovative uses for acrylic acid and its derivatives, ensuring a sustained period of growth in the market.

Challenges and Restraints in Acrylic Acid and its Derivatives

Despite the significant growth potential, the acrylic acid and its derivatives market faces several challenges. Fluctuations in raw material prices, particularly propylene, a key feedstock, can significantly impact production costs and profitability. Environmental concerns surrounding the production and disposal of acrylic-based materials pose a significant obstacle, driving the need for more sustainable manufacturing processes. Stringent environmental regulations aimed at reducing emissions and waste are increasing operational costs for manufacturers. Intense competition among established players necessitates continuous innovation and the development of cost-effective production methods to maintain market share. Furthermore, economic downturns and regional political instability can dampen overall market demand, impacting investment decisions and the pace of expansion. Finally, supply chain disruptions, particularly those experienced in recent years, can create significant production bottlenecks and impact the timely delivery of products to end-users.

Key Region or Country & Segment to Dominate the Market

The Asia-Pacific region is projected to dominate the acrylic acid and its derivatives market during the forecast period (2025-2033). This dominance stems from several factors:

• Rapid Industrialization: The region is experiencing rapid industrialization, fueling demand for acrylic-based materials in construction, automotive, and consumer goods.
• Growing Population: The large and growing population in Asia-Pacific translates into higher consumption of products containing acrylic acid and its derivatives.
• Increasing Disposable Incomes: Rising disposable incomes are driving greater demand for consumer goods, many of which utilize acrylic polymers.
• Favorable Government Policies: supportive government policies and incentives for industrial development further boost the market's growth in the region.

Within the segments, the Superabsorbent Polymers (SAP) segment is expected to exhibit the fastest growth. SAPs find widespread application in disposable hygiene products, agriculture, and other industries, driving a high demand. The demand for high-performance SAPs with superior absorption capabilities and improved performance characteristics is another major contributing factor to this segment's expansion. This surge is driven by:

• Increased Demand for Hygiene Products: The rising global population and increased awareness of hygiene are boosting the demand for disposable diapers, sanitary napkins, and other hygiene products that rely heavily on SAPs.
• Advancements in SAP Technology: continuous innovation in SAP technology leads to the development of higher-performing and more cost-effective products, driving their adoption across various applications.
• Growth in the Agricultural Sector: SAPs are increasingly used in agriculture to improve soil moisture retention and efficient water management. This trend is particularly prominent in regions experiencing water scarcity.

Other segments, such as paints & coatings, adhesives, and textiles, also contribute significantly to market growth, but the superabsorbent segment is poised to lead the way in terms of growth rate during the forecast period.

Growth Catalysts in Acrylic Acid and its Derivatives Industry

The acrylic acid and its derivatives industry is fueled by several key growth catalysts. These include the booming construction sector's increasing demand for paints, coatings, and adhesives, the growing hygiene products market reliant on superabsorbent polymers, and the rising disposable incomes in developing economies leading to increased consumption of diverse consumer goods. Furthermore, ongoing technological advancements leading to the development of high-performance, sustainable, and eco-friendly acrylic-based materials contribute significantly to the industry's expansion.

Leading Players in the Acrylic Acid and its Derivatives Market

• BASF
• DuPont
• Nippon Shokubai
• Arkema
• Formosa Plastics
• LG Chem
• Mitsubishi Chemical
• Toagosei
• Sasol
• Hexion
• Idemitsu Kosan
• HUAYI
• Satellite Chemical
• BASF-YPC
• Sanmu Group
• Shandong Kaitai
• CNOOC
• ChemChina
• CNPC

Significant Developments in Acrylic Acid and its Derivatives Sector

• 2022: BASF announced an expansion of its acrylic acid production capacity in Asia.
• 2021: Several major players invested in research and development focusing on sustainable acrylic polymers.
• 2020: New regulations on VOC emissions in paints and coatings prompted the development of low-VOC acrylic-based products.
• 2019: A significant merger between two acrylic acid producers reshaped the market landscape.

Comprehensive Coverage Acrylic Acid and its Derivatives Report

The comprehensive report provides a detailed analysis of the acrylic acid and its derivatives market, encompassing market size, growth trends, and future projections. It delves into the key drivers and challenges facing the industry, offers insights into the competitive landscape, and provides a segment-wise analysis covering different applications and regional markets. The report serves as an invaluable resource for businesses and stakeholders seeking to understand and navigate this dynamic market.

Acrylic Acid and its Derivatives Segmentation

• 1. Type
  • 1.1. Overview: Global Acrylic Acid and its Derivatives Consumption Value
  • 1.2. Acrylic Acid
  • 1.3. Acrylic Acid Derivatives
• 2. Application
  • 2.1. Overview: Global Acrylic Acid and its Derivatives Consumption Value
  • 2.2. Superabsorbent
  • 2.3. Paints & Coating
  • 2.4. Adhesives
  • 2.5. Textiles
  • 2.6. Others

Acrylic Acid and its Derivatives Segmentation By Geography

• 1. North America
  • 1.1. United States
  • 1.2. Canada
  • 1.3. Mexico
• 2. South America
  • 2.1. Brazil
  • 2.2. Argentina
  • 2.3. Rest of South America
• 3. Europe
  • 3.1. United Kingdom
  • 3.2. Germany
  • 3.3. France
  • 3.4. Italy
  • 3.5. Spain
  • 3.6. Russia
  • 3.7. Benelux
  • 3.8. Nordics
  • 3.9. Rest of Europe
• 4. Middle East & Africa
  • 4.1. Turkey
  • 4.2. Israel
  • 4.3. GCC
  • 4.4. North Africa
  • 4.5. South Africa
  • 4.6. Rest of Middle East & Africa
• 5. Asia Pacific
  • 5.1. China
  • 5.2. India
  • 5.3. Japan
  • 5.4. South Korea
  • 5.5. ASEAN
  • 5.6. Oceania
  • 5.7. Rest of Asia Pacific