Market Size of Acrylic Acid Industry
| Study Period | 2019 - 2029 |
| Market Volume (2024) | 7.77 Million tons |
| Market Volume (2029) | 10.01 Million tons |
| CAGR (2024 - 2029) | 5.19 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Acrylic Acid Market Analysis
The Acrylic Acid Market size is estimated at 7.77 Million tons in 2024, and is expected to reach 10.01 Million tons by 2029, growing at a CAGR of 5.19% during the forecast period (2024-2029).
The market was negatively impacted by the COVID-19 pandemic. However, in 2021, the demand for laundry care products increased due to the increased awareness and consciousness regarding personal hygiene and clean surroundings. Acrylic acid is used to produce liquid laundry detergent, stimulating the demand for the acrylic acid market.
- Over the short term, the rising applications of acrylic acid-based super absorbent polymers and the increasing use of chemical synthesis are expected to drive the growth of the market.
- Health hazards associated with acrylic acid may hinder the growth of the market.
- The rising demand for bio-based polymers is likely to act as an opportunity for the growth of the market during the forecast period.
- The Asia-Pacific accounted for the largest market share, and it is likely to dominate the market during the forecast period.
