2022 Global Glacial Acrylic Acid Industry Status and Prospects Professional Market Research Report Standard Version

The global Glacial Acrylic Acid market continues to demonstrate steady growth, with its valuation reaching USD 3.40 billion in 2021. According to the latest industry analysis, the market is projected to grow at a CAGR of 3.36%, reaching approximately USD 4.19 billion by 2027. This growth is largely fueled by increasing applications in super absorbent polymers, polyacrylates, and detergents, particularly in emerging economies where demand for advanced materials in hygiene products, water treatment, and coatings continues to rise.

Glacial acrylic acid is integral to the production of acrylic esters, polymers, and chemical intermediates. Its versatility as a building block in various syntheses makes it highly desirable in industries focused on innovation and efficiency. As sustainability concerns grow, manufacturers and regulatory bodies are increasingly supporting developments in bio-based alternatives and recycling processes to align with circular economy principles.

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Market Overview & Regional Analysis

East Asia dominates the global glacial acrylic acid market, driven by robust manufacturing bases in China, Japan, and South Korea. The region benefits from extensive chemical production infrastructure, rising urbanization, and strong demand from end-user industries like personal care and adhesives, which fuel consumption of high-purity glacial acrylic acid.

North America’s growth is supported by advanced technological capabilities and investments in sustainable chemical processes. Europe maintains a strong position through stringent environmental regulations and innovation in green chemistry. Emerging regions like South Asia, Southeast Asia, the Middle East, Africa, Oceania, and South America exhibit promising potential, though they grapple with supply chain disruptions and varying levels of industrial development.

Key Market Drivers and Opportunities

The market is driven by the expanding need for super absorbent polymers in hygiene products, growing utilization in water treatment solutions, and advancements in polymer technologies for coatings and adhesives. Chemical synthesis accounts for a significant portion of demand, complemented by applications in detergents and other sectors. Emerging uses in biomedical materials and advanced composites present substantial future opportunities.

Opportunities further emerge in the shift toward bio-derived feedstocks and enhanced purification techniques. The burgeoning markets in personal care across Africa and expanding industrial sectors in Latin America offer untapped avenues for exporters seeking to diversify their reach.

Challenges & Restraints

The glacial acrylic acid market encounters challenges such as fluctuations in raw material prices, particularly propylene, alongside environmental regulations on emissions and waste. Overproduction in key regions can pressure pricing, while supply chain vulnerabilities from global events limit consistent availability. Additionally, trade barriers and the push for greener alternatives introduce further complexities in maintaining market balance.

Market Segmentation by Type

• Glacial Acrylic Acid for Super Absorbent Polymers(SAP)
• Glacial Acrylic Acid for Polyacrylates
• Glacial Acrylic Acid for Detergent Cobuilders
• Glacial Acrylic Acid for Other Products

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Market Segmentation by Application

• Chemical Industry
• Water Treatment Industry
• Detergent Industry

Market Segmentation and Key Players

• BASF SE
• The Dow Chemical Company
• Nippon Shokubai Co., Ltd.
• LG Chem Ltd.
• Mitsubishi Chemical Corporation
• Formosa Plastics Corporation
• Sinopec
• Arkema
• Sumitomo Chemical
• Evonik Industries
• PetroChina
• COACE Chemical
• Juventus
• Hyundai Chemical
• Reliance Industries

Report Scope

This report presents a comprehensive analysis of the global and regional markets for Glacial Acrylic Acid, covering the period from 2021 to 2027. It includes detailed insights into the current market status and outlook across various regions and countries, with specific focus on:

• Sales, sales volume, and revenue forecasts

• Detailed segmentation by type and application

In addition, the report offers in-depth profiles of key industry players, including:

• Company profiles

• Product specifications

• Production capacity and sales

• Revenue, pricing, gross margins

• Sales performance

It further examines the competitive landscape, highlighting the major vendors and identifying the critical factors expected to challenge market growth.

As part of this research, we surveyed Glacial Acrylic Acid companies and industry experts. The survey covered various aspects, including:

• Revenue and demand trends

• Product types and recent developments

• Strategic plans and market drivers

• Industry challenges, obstacles, and potential risks

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• Plant-level capacity tracking
• Real-time price monitoring
• Techno-economic feasibility studies

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While the glacial acrylic acid sector has shown resilience post the COVID-19 disruptions, ongoing supply chain adjustments remain a focal point for stakeholders. Because raw material sourcing, especially from petrochemical routes, ties closely to global energy markets, volatility here directly impacts production costs. Furthermore, as industries pivot toward more eco-friendly options, the role of glacial acrylic acid in enabling high-performance, yet sustainable, polymers becomes even more critical. This transition isn’t just about compliance; it’s a strategic imperative that could redefine competitive edges in the coming years.

Delving deeper into applications, the demand from super absorbent polymers underscores the market’s ties to everyday consumer goods like diapers and sanitary products. These materials absorb vast amounts of liquid, making them indispensable in hygiene sectors worldwide. However, the push for biodegradable alternatives poses both a challenge and an opportunity, encouraging R&D into modified acrylic acid derivatives that maintain efficacy while reducing environmental footprints.

In polyacrylates, glacial acrylic acid serves as a cornerstone for water-based paints and adhesives, where its properties ensure adhesion and durability. The construction boom in developing regions amplifies this need, yet it also highlights the importance of quality control to meet varying international standards. Short-term price swings can deter smaller players, but established producers leverage economies of scale to navigate these waters effectively.

For detergent cobuilders, the integration of glacial acrylic acid enhances cleaning efficiency without harsh chemicals, aligning with consumer preferences for greener household products. This segment’s growth mirrors rising awareness of water conservation, as these cobuilders help in phosphate-free formulations. Nonetheless, regulatory scrutiny on chemical safety continues to shape innovation pathways, pushing companies to invest in safer synthesis methods.

Beyond core applications, other uses in textiles and pharmaceuticals expand the market’s horizon. In textiles, it aids in flame-retardant finishes, while in pharma, it contributes to drug delivery systems. These niche areas, though smaller in volume, offer high margins and drive diversification strategies among key players. As global trade evolves, exporters must adapt to regional preferences, such as Asia’s emphasis on cost-effectiveness versus Europe’s focus on sustainability certifications.

Turning to regional dynamics, East Asia’s dominance stems from integrated supply chains and policy support for chemical industries. China, in particular, hosts numerous facilities, benefiting from proximity to raw materials and end-markets. Yet, this concentration raises concerns over overcapacity, potentially leading to export pressures on other regions. Japan and South Korea, meanwhile, excel in high-purity grades, catering to electronics and advanced materials sectors.

In North America, innovation hubs foster developments like bio-acrylic acid from renewable sources, reducing reliance on fossil fuels. This aligns with broader sustainability goals, but scaling these technologies remains costly. Europe’s mature market emphasizes compliance with REACH regulations, which, while burdensome, spur advancements in low-emission production. The result is a landscape where quality trumps quantity, attracting premium pricing.

South Asia and Southeast Asia are hotspots for growth, fueled by population increases and industrialization. India and Indonesia, for instance, see surging demand from textiles and personal care, though infrastructure gaps hinder full potential. The Middle East leverages its petrochemical strengths for exports, while Africa’s nascent market promises expansion as water treatment needs grow amid urbanization. Oceania and South America follow suit, with Brazil’s agribusiness driving polymer demands.

Key drivers extend to technological progress, such as improved catalytic processes that boost yield and reduce energy use. The rising global hygiene standards post-pandemic have accelerated SAP adoption, creating ripple effects across the value chain. Opportunities in water treatment arise from urbanization and pollution concerns, where acrylic acid-based dispersants play a vital role in purification.

Detergent manufacturers increasingly incorporate cobuilders to meet eco-labels, opening doors for specialized formulations. Moreover, the automotive sector’s shift to lightweight composites indirectly boosts polyacrylate needs. Exporters eyeing Africa should note the untapped hygiene market, while Latin America’s beverage and packaging industries could absorb more chemical intermediates.

Challenges persist in raw material dependency, as propylene prices fluctuate with oil markets, squeezing margins during downturns. Environmental concerns, including wastewater management in production, invite stricter controls, potentially raising compliance costs. Collection and recycling of acrylic-based waste remain inefficient, limiting circularity efforts. Trade tensions, like tariffs on chemical imports, add layers of uncertainty for global players.

Overcapacity in Asia continues to influence pricing dynamics, forcing consolidations among mid-tier producers. While innovation mitigates some risks, the capital-intensive nature of plants deters new entrants, maintaining oligopolistic traits. However, these restraints also encourage strategic partnerships, blending regional strengths for mutual benefit.

Regarding segmentation by type, the focus on SAP reflects hygiene’s dominance, yet polyacrylates gain from coatings’ versatility. Detergent cobuilders address sustainability in cleaning, and other products encompass diverse syntheses, from adhesives to sealants. Each category evolves with end-user needs, demanding agile supply responses.

Applications in the chemical industry form the backbone, enabling downstream derivatives. Water treatment leverages dispersant properties for efficient scaling prevention, crucial in industrial settings. The detergent sector values its role in enhancing performance without environmental harm, while emerging uses in oil recovery highlight broader industrial relevance.

Key players like BASF and Dow command significant shares through integrated operations, from feedstock to finished goods. Their investments in R&D ensure leadership in purity and yield. Nippon Shokubai’s expertise in polymerization positions it strongly in Asia, while LG Chem capitalizes on regional synergies. Mitsubishi and Formosa emphasize volume, supporting exports amid global demands.

Sinopec’s scale in China underscores local dominance, complemented by Arkema’s European foothold in specialty grades. Sumitomo and Evonik drive innovation in functional applications, and PetroChina bolsters energy-linked production. COACE and Juventus focus on additives, Hyundai on electronics ties, and Reliance on India’s growth trajectory.

The report’s scope meticulously tracks sales and revenue, segmenting by type for SAP’s volume leadership and polyacrylates’ value addition. Application breakdowns reveal chemical industry’s breadth, water treatment’s steady rise, and detergents’ consumer pull. Forecasts account for post-COVID recovery, emphasizing resilient growth paths.

Company profiles detail strategic shifts, like sustainability pledges influencing product lines. Production capacities highlight expansions in Asia, sales performance mirrors market shares, and margins reflect pricing power. This granular view aids in benchmarking against peers, identifying acquisition targets or collaboration opportunities.

The competitive landscape reveals intensified rivalry through capacity builds and tech licenses, yet consolidation curbs fragmentation. Factors challenging growth include energy costs and regulatory hurdles, but they also catalyze efficiency gains. Surveys with experts reveal optimism on demand recovery, tempered by supply risks.

Revenue trends point to steady climbs, buoyed by industrial rebounds. Product developments, such as inhibitor-free grades, enhance storage and transport. Strategic plans emphasize vertical integration, while drivers like urbanization propel volumes. Challenges encompass geopolitical tensions, but risks are mitigated via diversified sourcing.

In essence, this analysis equips stakeholders with foresight, from navigating volatility to seizing innovation waves. As the market matures, those adapting to sustainability and digital supply chains will lead, ensuring glacial acrylic acid’s enduring role in material sciences.