Global Acrylic Acid Market 2017 - Industry Growth, Analysis, and Forecast To 2022 – by Credence Research
Acrylic Acid Market
In 2014, the global market for acrylic
acid Market 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.
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.
Free Sample Request: http://www.credenceresearch.com/sample-request/57760
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.
Contact:
Name: Chris Smith (Global Sales Manager)
Address: 105 N 1st ST #429, SAN JOSE,
CA 95103, United States
Ph: 1-800-361-8290
E-mail: sales@credenceresearch.com
Website: http://www.credenceresearch.com
Post a Comment