Home / News / Global Acrylic Acid Market Is Projected To Reach USD 15.43 Billion By 2022 – Credence Research

Global Acrylic Acid Market Is Projected To Reach USD 15.43 Billion By 2022 – Credence Research

In 2014, the global market for acrylic acid was valued USD 9.50 billion and is projected to reach USD 15.43 billion by 2022 growing at a CAGR of 6.8% from 2015 to 2022. In terms of volume in 2014 the global market for acrylic acid was 5.00 million tons and is projected to reach 7.10 million tons by 2022 growing at a CAGR of 5.0% from 2015 to 2022.

Browse The Full Report At http://www.credenceresearch.com/report/acrylic-acid-market

Rising demand of acrylic acid from wide range of end user applications such as construction, automotive and packaging sectors is one of the major factors driving the market growth. Untapped economies such as Middle East, North East Asia, Eastern Europe and Latin America offers huge growth potential. Environmental concerns and health hazards associated with acrylic acid is one of the major factor inhibiting the market growth. However, commercial production of bio based acrylic acid is one of the most promising factor which will drive growth over the coming years.

The demand for acrylates is the highest from various end use applications. Acrylates is widely used in surface coating applications and is projected to grow at a CAGR of 6.8% from 2015 to 2022 in terms of revenue. Superabsorbent Polymers (SAP’s) are projected to be the fastest growing segment. It is projected to grow at a CAGR of 5.3% from 2015 to 2022 in terms of volume. Disposable baby diaper is the largest sector of SAP. However, the demand growth is limited to developing economies, while the most developed regions have reached maturity.

Browse The Full Report At http://www.credenceresearch.com/report/acrylic-acid-market

In 2014, Asia Pacific is the largest as well as fastest growing market. It is projected to grow at a CAGR of 5.3% from 2015 to 2022 in terms of volume. High demand for baby diapers and ageing populations is one of the major factor driving the market growth in this region. China is one of the major consumer as well producer of acrylic acid. Asia Pacific was followed by North America and Europe in 2014.

Some of the major players present in this market are BASF SE, Evonik Industries, Sasol Ltd, The DOW Chemical Company, Nippon Shokubai Co. Ltd, and Arkema SA among others.

Latest Reports:

N-Methyl-2-Pyrrolidone (NMP) Market By End User (Petrochemicals, Electronics, Pharmaceuticals, Agrochemicals, Paints & Coatings) – Growth, Share, Opportunities & Competitive Analysis, 2015 – 2022

Maltodextrin Market By Application (Food & Beverages, Feed, Personal Care & Cosmetics, Pharmaceuticals, Papermaking) By End User (Sweetner, Binder, Encapsulation) – Growth, Share, Opportunities & Competitive Analysis, 2015 – 2021

Hazardous Waste Materials Market By Type Of Waste (Hazardous Waste Materials, Industrial And Manufacturing Waste Materials, Infectious & Pathological Waste Materials, Sharps, Pharmaceuticals Waste Materials) – Growth, Share, Opportunities & Competitive Analysis, 2014 -2021

About Us:

Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non-legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task.

Who we are

Credence Research is a worldwide firm, containing more than 15 research consultants and almost 100 research and information professionals.

Our customers mirror our worldwide nature. Around 45% are in Europe, 30% in the Americas, 13% in Asia Pacific and 12% in the Middle East and Africa.

Our firm is intended to work as one. We are a solitary global research organization united by a solid arrangement of qualities, concentrated on customer effect.

What we do

We serve customers at each level of their organization, in whatever limit we can be most helpful, whether as a trusted counsel to top management or as a hands-on mentor for forefront representatives. For each engagement, we collect a group with the most suitable experience and ability.

No matter the challenge, we concentrate on delivering functional and persevering results, and preparing our customers to develop and lead. We join forces with customers to place suggestions into practice. Our research specialist work straightforwardly with customers over long stretches to create workforce aptitudes, drive operational change, and apply new working strategies.

Contact:

Name: Chris Smith

Designation: Global Sales Manager

E-mail: sales@credenceresearch.com

Ph: 1-800-361-8290

Web:  Credence Research

 

 

Release ID: 2950

About Chris Smith

Check Also

roadm-wss-component-market-research-report-now-available-at-research-corridor-300x191

Global International Calling Market 2016 To 2020 Industry, Size, Share, Growth Prospects, Key Opportunities, Trends and Forecasts BY QY Research Reports

The Global International Calling Industry 2016 Market Research Report is a professional and in-depth study ...