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The market is expected to reach a value of $8.1 billion by at an estimated CAGR of 6.1% during the forecast period. This growth can be attributed to the increasing demand for super absorbent polymers in personal care products and presence of large acrylic adhesive industry. This region generates the maximum revenue and it is estimated that the market in Asia Pacific will continue to dominate the revenue streams through 2019.
Acrylic esters include methyl acrylate, butyl acrylate, ethyl acrylate, 2-ethylhexyl acrylate (2-EHA) and others. It is also used to produce polyacrylic acid or cross-linked polyacrylic acid compounds, which are used in the manufacture of super absorbent polymers. These polymers have wide range of applications in hygienic products, detergents and waste water treatment chemicals.
Substitution to higher performance formulations and increasing number of building and construction industries in emerging countries are the factors driving acrylic polymers into applications like coatings and sealants. However, growing demand for baby diapers in emerging countries such as China and South Korea has been contributing to the demand for SAPs and WTPs.
The report offers segmentation of the Asia-Pacific acrylic acid market by derivative types: acrylic esters, acrylic polymers (glacial) and other derivatives. The Asia-Pacific acrylic acid market report is also segmented by application into surface coatings, adhesives and sealants, plastic additives, surfactants & flocculants and others.
The rising disposable income levels of the individuals, growing population, and strong economic conditions support promising growth in super absorbent polymers. These conditions have attracted many global players, such as BASF (Germany), Dow Chemical Company (U.S.), Nippon Shokubai (Japan); and several others, to venture into these markets with local production facilities. This has driven the demand for acrylic acid and its derivatives in the region significantly.
The Asia-Pacific acrylic acid market analysis report also offers regional segmentation, for insight on growth and forecast, on geographical terms into: China, India, Japan and the rest of Asia-Pacific.
The major players in the Asia-Pacific acrylic acid market are :
Key Deliverable in the Study
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