Acrylic Acid Market Size, Trends & Share 2025-2034
The acrylic acid market is witnessing robust growth, driven by the rising demand across various end-use sectors, especially personal care and construction. Acrylic acid plays a critical role in the production of super absorbent polymers (SAPs), essential for manufacturing diapers, sanitary napkins, and other hygiene products. Additionally, its application in paints, coatings, adhesives, and textiles enhances its significance across industrial domains.
Acrylic acid is an organic compound known for its unsaturated carboxylic acid properties, used extensively as a precursor in polymer production. It serves as a vital building block in the manufacturing of acrylate esters and SAPs, which are utilized in various consumer and industrial products. The rising urban population and hygiene awareness have significantly bolstered the demand for acrylic acid-based products. With the increasing usage of personal hygiene products and infrastructure development, the acrylic acid market has evolved into a cornerstone of modern industry.
Expert Market Research Insights on the Acrylic Acid Market Growth
According to expert market research, the global acrylic acid market is poised for significant expansion, reaching approximately 13.88 million metric tons by 2034 with a CAGR of 5.10%. This growth is primarily driven by increasing demand from the personal care sector, especially super absorbent polymers used in hygiene products. Additionally, expanding applications in construction, coatings, adhesives, and textiles contribute to market momentum. Asia-Pacific leads this growth due to rapid industrialization and rising consumer awareness. Expert Market Research highlights that ongoing innovations in bio-based acrylic acid and sustainable production methods will further strengthen market prospects during the forecast period.
Acrylic Acid Market Trends
Current market trends reveal a strong focus on the use of acrylic acid in super absorbent polymers (SAPs), driven by increased hygiene awareness worldwide, especially in emerging economies. The demand for SAPs in baby diapers and adult incontinence products continues to be a major growth driver. Additionally, the growing emphasis on eco-friendly and bio-based acrylic acid is reshaping production methods, aligning with global sustainability goals and regulatory pressures. Another notable trend is the rising application of acrylic acid in advanced surface coatings and adhesives, particularly in construction, automotive, and electronics sectors, which are becoming increasingly important for durability and environmental compliance. The use of glacial acrylic acid with higher purity levels is expanding, meeting the needs of specialized chemical manufacturing. Regional trends show Asia-Pacific’s dominance due to rapid industrialization and expanding consumer markets. Furthermore, manufacturers are investing in R&D to develop innovative acrylic acid derivatives to capture niche applications, while strategic partnerships and capacity expansions are becoming common to meet growing demand. The overall trend is toward diversification, sustainability, and high-performance applications.
Acrylic Acid Market Opportunities and Challenges
Opportunities:
- Increasing hygiene awareness in developing nations is fueling demand for SAPs.
- Technological innovation in bio-acrylic acid production may unlock sustainable growth.
- Expanding infrastructure and construction activities drive demand for surface coatings.
Challenges:
- Volatility in raw material prices can impact production costs.
- Stringent environmental regulations may limit traditional acrylic acid processes.
- Competition from substitute chemicals in specific applications can constrain market share.
Acrylic Acid Market Segmentation
Breakup by Type
- Acrylate Esters
- Super Absorbent Polymer (SAP)
- Glacial Acrylic Acid
- Others
Breakup by Application
- Surfactants and Surface Coatings
- Organic Chemicals
- Adhesives and Sealants
- Textiles
- Water Treatment
- Personal Care Products (Superabsorbent diapers, etc.)
- Others
Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Acrylic Acid Market Growth
The acrylic acid market is experiencing steady growth, largely fueled by expanding demand from hygiene and construction industries. The personal care sector, especially products that incorporate super absorbent polymers (SAPs), continues to be the largest consumer segment, driving consistent volume increases. Growth in urban populations and rising disposable incomes in developing regions like Asia-Pacific and Latin America contribute significantly to market expansion. Additionally, increasing industrialization and infrastructure projects worldwide are accelerating demand for acrylic acid-based paints, coatings, adhesives, and sealants. Technological advancements have improved acrylic acid production efficiency and enabled new applications, such as water treatment and textiles, broadening the market base. Despite occasional challenges like raw material price volatility and environmental regulatory pressures, companies are focusing on innovation, capacity expansion, and sustainable manufacturing practices to maintain growth momentum. The growing preference for bio-based acrylic acid and advancements in formulation chemistry are expected to create new growth avenues. Overall, the market is set to maintain a healthy compound annual growth rate (CAGR) through the forecast period, underpinned by diversified end-user demand and continuous product innovation.
Acrylic Acid Market Forecast (2025-2034)
The acrylic acid market is forecasted to grow from 8.44 MMT in 2024 to approximately 13.88 MMT by 2034, reflecting a compound annual growth rate (CAGR) of about 5.10% during the 2025-2034 period. This forecasted growth is driven by increasing demand for super absorbent polymers (SAPs) in personal care products, which continue to see strong consumption worldwide. Additionally, ongoing expansion in the construction and automotive sectors will fuel the demand for acrylic acid derivatives like acrylate esters used in paints, coatings, adhesives, and sealants. The Asia-Pacific region is expected to maintain its dominance due to rapid urbanization, industrialization, and rising consumer spending power. North America and Europe will experience steady growth supported by technological advancements and stringent quality regulations. The market is also anticipated to benefit from innovations in bio-based acrylic acid and other environmentally friendly production technologies, addressing sustainability concerns. Manufacturers will likely focus on capacity expansions and strategic alliances to meet growing demand. However, raw material price fluctuations and regulatory challenges could impact short-term growth, though these are expected to be managed through innovation and alternative sourcing. Overall, the market outlook remains positive, with increasing volume and value driven by diverse end-use industries.
Acrylic Acid Market Competitor Analysis
The acrylic acid industry is marked by intense competition and innovation. Leading players are focusing on capacity expansion, mergers, and bio-based product development. Many companies are also engaging in strategic partnerships to strengthen their market footprint and enhance technological capabilities.
Key Players:
BASF SE – Global leader in chemical production with wide acrylic acid derivative portfolio
Nippon Shokubai Co. Ltd. – Known for extensive SAP production used in hygiene products
The Dow Chemical Company – Offers diverse acrylic acid-based chemical solutions globally
Arkema Group – Strong R&D in advanced acrylic polymer technologies
LG Chem. Ltd. – Key player in glacial acrylic acid with expanding Asian market presence
Shanghai Huayi Acrylic Acid Co., Ltd – Focuses on cost-effective bulk acrylic acid production
Evonik Industries AG – Innovator in specialty chemicals and high-purity acrylic acid
Mitsubishi Chemical Corporation – Integrates acrylic acid into a broad chemical portfolio
SIBUR International GmbH – Expanding European footprint in acrylic derivatives
Satellite Chemical Co.,Ltd. – Leading Chinese SAP supplier for domestic and export markets
Wanhua Petrochemical (Yantai) Co., Ltd. – Strong growth in Asian infrastructure chemical supply
Toagosei Co., Ltd. – Renowned for resin-grade acrylic acid innovation
China Petroleum & Chemical Corporation (Sinopec) – Major raw material supplier in Asia
Vigon International, LLC. – Supplies specialty acrylic solutions in niche markets
SMC – Provides customized acrylic solutions for industrial use
Formosa Plastics Corporation – Large-scale production and distribution of acrylic acid globally
Sasol – Integrated chemicals company with focus on sustainability and innovation
