Acrylic Acid Market Size, Share, Growth, and Industry Analysis, By Types (Acrylic Acid 100%, Acrylic Acid 80%, Acrylic Acid/Toluene) , Applications (Super Absorbent Polymers (SAP), Detergent, Water Treatment, Others) and Regional Insights and Forecast to 2033

Acrylic Acid Market Size

The Acrylic Acid Market was valued at USD 3,804.32 million in 2024 and is anticipated to reach USD 3,975.51 million in 2025, with projections soaring to USD 5,653.58 million by 2033, reflecting a compound annual growth rate (CAGR) of 4.5% during the forecast period (2025-2033).

In the U.S. region, the market is experiencing significant growth, driven by increasing demand across various industries, including adhesives, paints, and coatings, further supporting expansion within this timeframe.

Acrylic acid is a crucial chemical compound used in the production of polymers, coatings, adhesives, textiles, and personal care products. The market is expanding due to increasing demand for superabsorbent polymers (SAPs) in diapers and hygiene products. Asia-Pacific, led by China and India, dominates the market due to rapid industrialization and infrastructure growth. Manufacturers are shifting towards bio-based acrylic acid to reduce environmental impact. Advancements in production technologies are further enhancing efficiency. The growing automotive and construction industries are also driving demand for acrylic acid-based coatings and sealants, positioning the market for significant expansion in the coming years.

Acrylic Acid Market Trends

The acrylic acid market is undergoing dynamic shifts driven by evolving industry demands and technological advancements. One of the key trends is the rising demand for superabsorbent polymers (SAPs), which are widely used in personal care products such as diapers, sanitary napkins, and adult incontinence products. The increasing global population and heightened hygiene awareness are fueling this demand, with the personal care sector accounting for approximately 30% of the total market share.

Another prominent trend is the shift toward bio-based acrylic acid due to growing environmental concerns and stringent regulations on volatile organic compounds (VOCs). Several companies are investing in sustainable production methods to reduce reliance on fossil fuels and lower carbon footprints. For instance, recent developments in fermentation-based production are gaining traction, offering a greener alternative to conventional petroleum-based acrylic acid. The bio-based segment is expected to capture around 15% of the market share by 2033.

Technological advancements in production processes are further shaping the market. Innovations in catalysts and feedstock utilization are enhancing efficiency and reducing production costs. Countries in Asia-Pacific, North America, and Europe are witnessing increased investments in research and development for more sustainable and cost-effective acrylic acid production techniques. Additionally, the use of acrylic acid in paints, coatings, and adhesives in the construction and automotive sectors continues to drive growth, as these industries expand worldwide, representing a combined share of nearly 40% of the global market.

Acrylic Acid Market Dynamics

Drivers of Market Growth

""Rising Demand for Superabsorbent Polymers (SAPs)""

The increasing use of SAPs in hygiene products is one of the primary growth drivers for the acrylic acid market. Countries like China and India are experiencing a significant rise in diaper consumption due to increasing birth rates and improved living standards. In 2023, the global consumption of SAPs exceeded 3.5 million tons, reflecting the growing demand for high-absorbency materials. Additionally, the expanding geriatric population is boosting the need for adult incontinence products. The personal care industry’s continued innovation in absorbent hygiene products further strengthens the demand for acrylic acid-based SAPs worldwide.

Market Restraints

""Volatility in Raw Material Prices""

Acrylic acid production is highly dependent on propylene, a petroleum-derived raw material. Fluctuations in crude oil prices directly impact acrylic acid production costs, making price stability a major challenge for manufacturers. The volatility in raw material prices often leads to increased production expenses, affecting the profitability of market players. Additionally, stringent environmental regulations on petrochemical emissions are prompting companies to explore alternative production methods, which can be cost-intensive. These factors collectively pose a significant challenge to the market, especially for small and mid-sized manufacturers with limited resources to adopt new technologies.

Market Opportunities

""Growth in Bio-Based Acrylic Acid Production""

The rising demand for eco-friendly and sustainable chemicals presents a significant opportunity in the acrylic acid market. Governments and regulatory bodies worldwide are encouraging the adoption of bio-based acrylic acid to reduce environmental impact. Leading chemical companies are investing in research and development to commercialize renewable feedstocks for acrylic acid production. For example, BASF and Arkema are developing biomass-based acrylic acid technologies to replace traditional petrochemical-based methods. The growing consumer preference for sustainable products, coupled with corporate sustainability initiatives, is likely to accelerate the adoption of bio-based acrylic acid, creating lucrative opportunities for market expansion.

Market Challenges

""Stringent Environmental Regulations""

The acrylic acid market faces increasing regulatory scrutiny due to its environmental impact. The production process generates hazardous emissions and wastewater, which require strict compliance with environmental standards. Regulations from agencies like the Environmental Protection Agency (EPA) and the European Chemicals Agency (ECHA) are pushing manufacturers to adopt cleaner production technologies. However, transitioning to environmentally friendly methods requires significant capital investment, posing a challenge for manufacturers, particularly in developing economies. Non-compliance with regulations can result in penalties and restrictions, adding further complexity to market operations. These regulatory pressures are expected to shape future market strategies, pushing companies toward greener alternatives.

Segmentation Analysis

The acrylic acid market is segmented based on type and application, each playing a crucial role in defining industry trends. By type, the market includes Acrylic Acid 100%, Acrylic Acid 80%, and Acrylic Acid/Toluene, with each serving different industrial needs. Acrylic Acid 100% is widely used in high-performance coatings and adhesives, while Acrylic Acid 80% finds applications in water treatment and textile processing. The Acrylic Acid/Toluene segment is mainly used in specialty chemicals and industrial formulations.

By application, the market is driven by demand from Super Absorbent Polymers (SAPs), detergents, water treatment chemicals, and other industrial uses. SAPs dominate due to their role in hygiene products, while detergents and water treatment applications contribute significantly to overall demand.

By Type

• Acrylic Acid 100%: This is the purest form of acrylic acid, extensively utilized in the production of superabsorbent polymers (SAPs), adhesives, and water treatment chemicals. The high purity level ensures optimal performance in these applications, making it a preferred choice for manufacturers.

• Acrylic Acid 80%: Containing 80% acrylic acid, this variant is often employed in applications where absolute purity is not critical. It's commonly used in the production of certain coatings and sealants, offering a cost-effective solution without significantly compromising performance.

• Acrylic Acid/Toluene: This mixture combines acrylic acid with toluene, a solvent, to enhance specific properties like drying time and adhesion in coatings and adhesives. The inclusion of toluene facilitates better application properties, catering to specialized industrial requirements.

By Application

• Super Absorbent Polymers (SAP): Acrylic acid is a fundamental component in manufacturing SAPs, which are integral to products like diapers, adult incontinence products, and sanitary napkins. The unique ability of SAPs to absorb and retain large amounts of liquid has led to their widespread adoption in the hygiene industry.

• Detergents: In the detergent industry, acrylic acid derivatives act as dispersants, preventing dirt from redepositing onto fabrics during washing. This enhances the cleaning efficiency of detergents, making them more effective in various water conditions.

• Water Treatment: Acrylic acid-based polymers are utilized in water treatment processes to prevent scale formation and to disperse suspended solids. Their application ensures the smooth operation of industrial equipment and maintains water quality standards.

• Others: Beyond the primary applications, acrylic acid finds use in textiles, paints, coatings, and adhesives. Its versatility allows it to cater to diverse industrial needs, from enhancing fabric properties to improving the durability of paints.

Regional Outlook

The acrylic acid market is witnessing varied growth across different regions, driven by industrial demand, population growth, and economic development. Asia-Pacific dominates the global market due to rapid industrialization and rising demand for superabsorbent polymers (SAPs) in countries like China, India, and Japan. North America remains a strong market, supported by high demand from the adhesives, coatings, and detergent industries. Europe follows closely, with increasing investments in sustainable and bio-based acrylic acid production. The Middle East & Africa are experiencing moderate growth, mainly fueled by infrastructure projects and expanding water treatment applications. Each region presents unique opportunities and challenges, shaping the overall market landscape.

North America

In North America, the acrylic acid market is bolstered by a robust industrial base and significant demand from the hygiene products sector. The presence of major manufacturers and continuous investments in research and development contribute to market stability and growth. The increasing use of superabsorbent polymers (SAPs) in baby diapers, adult incontinence products, and feminine hygiene items is a key driver for the market. The region also witnesses high demand for acrylic acid in paints, coatings, adhesives, and sealants, particularly in the expanding construction and automotive industries. Additionally, North America is experiencing a gradual shift towards bio-based acrylic acid production, aligning with sustainability initiatives and regulatory requirements for reducing carbon emissions.

Europe

Europe's acrylic acid market is characterized by stringent environmental regulations, prompting a shift towards sustainable production methods. The region’s focus on green technologies and renewable resources is shaping the future landscape of the acrylic acid industry. Countries like Germany, France, and the UK are investing heavily in bio-based acrylic acid research to reduce dependence on fossil fuels. The European Union’s REACH regulations are pushing companies to adopt eco-friendly manufacturing processes. Additionally, the demand for acrylic acid in water treatment applications is growing, as governments emphasize wastewater management and clean water initiatives. The region also sees strong demand for acrylic acid derivatives in adhesives, textiles, and detergents.

Asia-Pacific

The Asia-Pacific region stands as a significant player in the acrylic acid market, driven by rapid industrialization and urbanization. Countries like China and India are witnessing increased demand for acrylic acid derivatives, particularly in the construction and personal care sectors. China remains the largest consumer, fueled by its massive manufacturing industry and infrastructure development projects. India’s rising disposable income and growing hygiene awareness have significantly boosted the demand for SAPs in hygiene products. Additionally, increasing investments in petrochemical complexes and acrylic acid production plants further strengthen the region’s market position. Emerging economies in Southeast Asia are also contributing to market expansion due to rising industrial activities and foreign investments.

Middle East & Africa

In the Middle East & Africa, the market is gradually expanding, supported by infrastructural developments and a growing manufacturing sector. The adoption of acrylic acid in various applications is expected to rise, aligning with the region's economic growth initiatives. The construction sector, driven by megaprojects in the UAE and Saudi Arabia, is fueling demand for acrylic acid-based coatings, adhesives, and sealants. Water scarcity concerns have also led to increased usage of acrylic acid in water treatment chemicals. Additionally, governments are encouraging industrial diversification beyond oil and gas, leading to investments in the chemical manufacturing sector. South Africa, in particular, is emerging as a growing market due to its rising demand for hygiene products and industrial coatings.

List of Key Acrylic Acid Market Companies Profiled

• BASF

• DuPont

• Nippon Shokubai

• Arkema

• Formosa

• LG Chem

• Mitsubishi Chem

• Toagosei

• Sasol

• Hexion

• Idemitsu Kosan

• Jiangsu Jurong

• HUAYI

• Satellite

• BASF-YPC

• Sanmu Group

• Shandong Kaitai

• CNOOC

• ChemChina

• CNPC

• Eastern Petr

Top Companies with Highest Market Share

• BASF: BASF is a leading chemical company with a significant presence in the acrylic acid market.

• Arkema: Arkema is another major player in the acrylic acid industry, known for its extensive product portfolio and global reach.

Investment Analysis and Opportunities

The acrylic acid market offers lucrative investment opportunities due to its broad applications across industries such as personal care, construction, and automotive. The demand for superabsorbent polymers (SAPs), primarily used in diapers and hygiene products, continues to drive market growth. Additionally, the construction industry fuels demand for acrylic acid-based coatings, adhesives, and sealants.

Companies are focusing on expanding production capacities to meet growing demands. A major chemical manufacturer recently began constructing a large-scale acrylic acid production facility in China, aiming to strengthen its supply chain and market reach. Investments in bio-based acrylic acid are also increasing as sustainability becomes a key focus. This shift towards renewable raw materials aligns with global environmental regulations and consumer preferences for eco-friendly products.

Collaborations and mergers are also shaping the market landscape. Leading firms are forming strategic partnerships to enhance technological capabilities and optimize production efficiency. The adoption of innovative production techniques, such as catalytic oxidation and bio-based fermentation, further opens avenues for investment. With rising applications in detergents, textiles, and coatings, investors are keen on capitalizing on the market’s strong growth potential.

New Product Development

Innovation in acrylic acid products is driving market expansion. Companies are focusing on developing high-performance polymers with enhanced properties such as better water retention, increased durability, and eco-friendliness. Recent advancements have introduced superabsorbent polymers (SAPs) with improved absorption capacities, catering to the rising demand for personal hygiene products.

In the coatings and adhesives industry, new acrylic acid-based formulations offer superior adhesion, flexibility, and weather resistance. Manufacturers have launched next-generation coatings that provide enhanced scratch resistance and UV stability, making them ideal for automotive and industrial applications.

Bio-based acrylic acid has emerged as a breakthrough development. Several companies have successfully commercialized bio-acrylic acid derived from renewable sources like sugar and corn, reducing reliance on petrochemicals. This innovation not only addresses sustainability concerns but also helps companies comply with stringent environmental regulations.

The detergent industry has also seen the introduction of advanced acrylic acid polymers that enhance cleaning efficiency. These polymers improve soil dispersion and prevent redeposition of dirt on fabrics, making detergents more effective in various water conditions. With continuous research and technological advancements, the acrylic acid market is set to witness more product innovations catering to diverse industrial applications.

Recent Developments by Manufacturers in the Acrylic Acid Market

• A major chemical producer obtained sustainability certification for its acrylic acid production facility in China, marking a step towards decarbonizing its supply chain.

• A leading Asian company expanded its acrylic acid production capacity in Indonesia, adding 100,000 metric tonnes annually to meet increasing regional demand.

• A global chemicals giant initiated construction of a large-scale acrylic acid production complex in China, aiming to strengthen its presence in the Asia-Pacific market.

• A specialty chemicals firm introduced an advanced rheology modifier designed for personal care applications, improving viscosity and stability in mild, sulfate-free formulations.

• A multinational corporation completed the acquisition of a performance adhesives business, expanding its acrylic acid-based adhesive product portfolio.

Report Coverage

The acrylic acid market report provides an in-depth analysis of industry trends, growth drivers, challenges, and opportunities. It covers market segmentation by type (Acrylic Acid 100%, Acrylic Acid 80%, Acrylic Acid/Toluene) and applications (SAPs, detergents, water treatment, coatings, adhesives).

The report examines regional outlooks across North America, Europe, Asia-Pacific, and the Middle East & Africa, analyzing key market trends and demand patterns. It also highlights major investments, mergers, acquisitions, and technological advancements shaping the industry.

Competitive analysis includes profiles of top market players, their production capacities, product portfolios, and strategic developments. Additionally, the report assesses regulatory frameworks and environmental policies impacting acrylic acid production and consumption.

Future market projections and forecasts help investors and businesses make informed decisions, identifying emerging opportunities in bio-based acrylic acid and high-performance polymer innovations. The comprehensive coverage ensures stakeholders gain valuable insights into the evolving dynamics of the acrylic acid industry.