Acrylic Acid Market Growth Analysis, and Forecast To 2022 – by Credence Research
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.
·
·
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.
Latest
Report
Contact:
Name: Chris Smith
Designation: Global Sales Manager
Ph: +1-800-361-8290
Post a Comment