Executive Summary
The global Acrylic Acid Market is undergoing rapid evolution supported by sustainability-driven innovations, digital transformation, and the rise of bio-based production methods. As per TechSci Research, the market was valued at USD 12.65 billion in 2024 and is expected to reach USD 16.16 billion by 2030, expanding at a CAGR of 4.35%. Acrylic acid continues to play a critical role in producing adhesives, coatings, SAPs, and hygiene products, further boosted by emerging applications and regional demand, especially in Asia-Pacific.
Technological Advancements Reshaping the Market
Bio-Based Production Emerges
One of the most transformative developments in the Acrylic Acid Market is the commercialization of bio-based acrylic acid. Traditional production from fossil fuels like propylene faces sustainability challenges. Companies like BASF and Cargill are investing in renewable routes using biomass, sugar, and glycerol via fermentation. This shift enables reduced greenhouse gas emissions, aligning production processes with green chemistry goals and circular economy principles.
Catalyst Optimization
Significant improvements in catalyst systems are enhancing yield, selectivity, and conversion rates in acrylic acid production. These systems are essential for optimizing energy consumption and reducing by-product formation. Additionally, reduced operational costs and streamlined production workflows have become achievable through catalyst-driven efficiency. Enhanced catalytic performance directly contributes to sustainability and long-term profitability.
Automation and Digitalization
Advanced digital tools such as AI-driven process control, real-time monitoring, and predictive maintenance are being rapidly integrated into production facilities. These technologies ensure operational consistency, reduce downtime, and improve scalability. Digital transformation is no longer an option—it’s a necessity for companies competing in the modern acrylic acid industry.
Expanding Application Spectrum
Growth in SAP-Based Hygiene Products
Acrylic acid is a foundational component for superabsorbent polymers (SAPs), which are primarily used in hygiene applications like diapers and adult incontinence products. Recent advancements in cross-linking and polymer design have enhanced absorbency, gel strength, and odor control. The growing demand for high-quality hygiene products in aging populations and urbanizing regions is strengthening the role of SAPs in the Acrylic Acid Market.
Water-Based Coatings and Adhesives
The increasing adoption of UV-curable and water-based acrylic systems is redefining industry standards in surface coatings and adhesives. These eco-friendly solutions offer low VOC emissions, faster drying, and enhanced performance—making them highly preferred in automotive, construction, and packaging sectors. Their formulation aligns with global environmental regulations and green building norms, solidifying their market position.
Regional Insights: Asia-Pacific Leading Growth
In 2024, Asia-Pacific emerged as the fastest-growing region in the Acrylic Acid Market. Countries like China, India, Vietnam, and Indonesia are witnessing strong demand due to increased construction activity, infrastructure development, and personal care consumption. The region’s expanding middle class and urbanization trends have intensified the need for hygiene products and packaging, driving acrylic acid usage. Moreover, supportive government policies, FDI influx, and local manufacturing advantages position Asia-Pacific as a global production and export hub.
Segmental Analysis: Ingredient Insights
Dominance of Acrylic Esters
Among derivative types, acrylic esters such as butyl acrylate, ethyl acrylate, and methyl acrylate held the largest share in 2024. These esters are widely used in coatings, adhesives, textiles, and plastics. Their dominance is fueled by superior weatherability, adhesion properties, and compatibility with low-VOC, water-based formulations. The shift toward sustainable chemistry has further increased the demand for acrylic esters as key raw materials in emulsion polymers and green coatings. Their versatility and environmental compliance make them indispensable in the modern industrial landscape.
Key Market Drivers
Sustainability Demand
With increasing regulations on VOC emissions and waste management, sustainability has become a critical market driver. Bio-based acrylic acid is attracting interest for its minimal environmental impact. Manufacturers are leveraging green production techniques to comply with environmental laws and appeal to eco-conscious consumers.
Rapid Urbanization and Infrastructure
Urbanization, especially in Asia-Pacific, has amplified the need for construction chemicals, coatings, and adhesives. Modern housing, smart cities, and transportation networks rely heavily on acrylic acid-based materials. This urban growth trajectory offers long-term opportunities for industry participants.
Hygiene and Healthcare Trends
Rising hygiene awareness, an aging population, and increased health spending are fueling demand for hygiene products. This trend is boosting the consumption of SAPs, driving growth across the Acrylic Acid Market. Additionally, the expansion of hospitals and care centers is accelerating the use of SAP-based items.
Competitive Landscape
The Acrylic Acid Market is moderately consolidated, with major global players competing based on innovation, capacity expansion, and regional reach. Key players include:
BASF SE
Cargill Incorporated
Arkema Group
LG Chem Ltd.
Mitsubishi Chemical Holdings Corporation
These companies are actively investing in R&D, particularly in bio-based routes and process optimization. Strategic partnerships, acquisitions, and product innovations are integral to maintaining a competitive edge.
Forecast Outlook till 2030
The market is expected to grow steadily through 2030, driven by innovation, sustainability mandates, and industrial expansion. Increasing demand across adhesives, coatings, personal care, and water treatment is creating long-term opportunities. With enhanced production technologies and expanding application areas, the Acrylic Acid Market is set to remain a crucial segment of the global chemical industry.
Expert Quote
“The global acrylic acid market is witnessing significant growth, driven by rising demand across industries such as adhesives, paints and coatings, textiles, and personal care. Acrylic acid, a crucial raw material for producing acrylate esters and superabsorbent polymers (SAPs), is extensively used in hygiene products, including diapers and adult incontinence items. Rapid urbanization, growing infrastructure development, and increasing consumer spending in emerging economies, especially in Asia-Pacific, are boosting market expansion. Technological advancements and growing adoption of bio-based acrylic acid are also contributing to the market’s evolution.”
— Mr. Karan Chechi, Research Director, TechSci Research
Report Title
Acrylic Acid Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Derivative Type, Application, Region, and Competition, 2020-2030F
This report provides market intelligence, competitive landscape insights, and statistical analysis for stakeholders, investors, and policy makers.
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Frequently Asked Questions (FAQs)
Q1. What is the current size of the Acrylic Acid Market?
Answer: In 2024, the market was valued at USD 12.65 billion and is expected to reach USD 16.16 billion by 2030.
Q2. Which derivative type dominates the Acrylic Acid Market?
Answer: Acrylic esters such as butyl acrylate and ethyl acrylate are the dominant derivatives due to their widespread industrial applications.
Q3. What are the key technological innovations in this market?
Answer: Bio-based acrylic acid production, catalyst optimization, and AI-based automation are key innovations.
Q4. Which region is growing the fastest in the Acrylic Acid Market?
Answer: Asia-Pacific is the fastest-growing region due to industrial growth, urbanization, and hygiene product demand.
Q5. What are the primary applications of acrylic acid?
Answer: Key applications include adhesives, surface coatings, diapers, SAPs, and water treatment chemicals.
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