Dublin, Aug. 12, 2021 (GLOBE NEWSWIRE) -- The "Glacial Acrylic Acid Market Forecast to 2028 - COVID-19 Impact and Global Analysis by Application (Nappies; Adult & Feminine Hygiene; Detergents; Adhesives, Coatings & Sealants; Water Treatment; and Others)" report has been added to ResearchAndMarkets.com's offering.
The glacial acrylic acid market was valued at US$ 2,607.67 million in 2021 and is projected to reach US$ 3,351.24 million by 2028; it is expected to grow at a CAGR of 3.6% from 2021 to 2028. Glacial acrylic acid is an unsaturated carboxylic acid co-monomer. It readily copolymerizes with acrylic and methacrylic esters, ethylene, vinyl acetate, styrene, butadiene, acrylonitrile, vinyl chloride, maleic esters, and vinylidene chloride. Glacial acrylic acid is majorly used as a building block for the production of acid-functional and crosslinked acrylic copolymers and polyacrylic acids. The other name of glacial acrylic acid is 2-propenoic acid. Glacial acrylic acid offers notable advantages as a co-monomer in an extensive range of acrylic and vinyl acrylic polymer-based finishes, coatings, sealants, adhesives, inks, thickeners, flocculants, and lubricants, among others. Besides, GAA is used to make polymers utilized in applications ranging from medical hydrogels to superabsorbent polymers to detergents.
Based on application, the global glacial acrylic acid market is categorized into nappies; adult & feminine hygiene; detergents; adhesives, coatings & sealants; water treatment; and others. The nappies segment dominated the market during the forecast period. Further, the nappies segment is the fastest growing segment with the highest CAGR. Glacial acrylic acid is utilized in superabsorbent polymers which are extensively used in disposable baby diapers. Superabsorbent polymers are cross-linked polyacrylates that absorb and retain over a hundred times their own weight in liquid.
The global glacial acrylic acid market is segmented into five main regions-North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South America. Asia Pacific accounted for the largest share of the global glacial acrylic acid market during the forecast period. The increasing demand for baby diapers in emerging nations such as South Korea and China has contributed to the demand for superabsorbent polymers (SAPs). Moreover, glacial acrylic acid finds multiple applications in adhesives, paints, construction, water treatment, detergents, leather treatments, and textile chemicals, among others. Consequently, these factors have led to the glacial acrylic acid market growth in the region.
Impact of COVID-19 Pandemic on Glacial Acrylic Acid Market
The ongoing COVID-19 pandemic has drastically altered the status of the glacial acrylic acid market and has negatively impacted its growth. The outbreak has declined operational efficiency and interrupted the value chains, owing to the sudden closure of national and international boundaries, thereby creating revenue loss and damage. The disruptions in value chain have restricted the supply of raw material, which, in turn, is hindering the growth of the market and affecting the development of the end-use industries. However, as the economies are planning to revive their operations, the demand for glacial acrylic acid is expected to rise globally in coming months. With the growing consciousness toward sustainability and diversification of application bases in postopandemic times, the demand for glacial acrylic acid is expected to take huge leaps in the future.
According to International Finance Corporation, the COVID-19 outbreak is forecasted to slow down investments in the water sector globally. A survey by Global Water Leaders Group predicted that industrial water demand will fall by approximately 27% due to the outbreak. Further, the Global Water Leaders Group stated that water and wastewater utilities worldwide are expected to see revenue collection reductions of 15% on average due to the COVID-19 crisis. Thus, the water sector is anticipated to witness decline in the demand for water treatment chemicals, which would negatively impact the glacial acrylic acid market. Nevertheless, effective measures taken by associations-such as Industrial Fabrics Association International-backed by positive government initiatives to safeguard their frontline health care workers are expected to boost the textile industry, which would bolster the demand for glacial acrylic acid in coming years.
Glacial Acrylic Acid Market, by Application
- Nappies
- Adult & Feminine Hygiene
- Detergents
- Adhesives, Coatings & Sealants
- Water Treatment
- Others
Glacial Acrylic Acid Market, by Geography
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Russia
- Rest of Europe
- Asia Pacific (APAC)
- Australia
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- South Africa
- Saudi Arabia
- UAE
- Rest of Middle East & Africa
- South America
- Brazil
- Argentina
- Rest of South America
Reasons to Buy
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the global glacial acrylic acid market, thereby allowing players to develop effective long-term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth the market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.
Key Topics Covered:
1. Introduction
2. Key Takeaways
3. Research Methodology
4. Glacial Acrylic Acid Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.2.2 Europe
4.2.3 APAC
4.2.4 MEA
4.2.5 SAM
4.3 Expert Opinion
5. Glacial Acrylic Acid Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Use of Superabsorbent Polymers in Diapers and Hygiene Products
5.1.2 Wide Range of Applications for Glacial Acrylic Acid
5.2 Market Restraints
5.2.1 Toxic Nature of Glacial Acrylic Acid
5.3 Market Opportunities
5.3.1 Production of Glacial Acrylic Acid from Renewable Resources
5.4 Future Trends
5.4.1 Technological Advancements
5.5 Impact Analysis of Drivers and Restraints
6. Glacial Acrylic Acid - Global Market Analysis
6.1 Glacial Acrylic Acid Market Overview
6.2 Glacial Acrylic Acid Market - Revenue Forecasts to 2028 (US$ Million)
6.3 Market Positioning
7. Glacial Acrylic Acid Market Analysis - By Application
7.1 Overview
7.2 Glacial Acrylic Acid Market, By Application (2020 and 2028)
7.3 Nappies
7.3.1 Overview
7.3.1.1 Nappies: Glacial Acrylic Acid Market - Revenue and Forecast to 2028 (US$ Million)
7.4 Adult & Feminine Hygiene
7.4.1 Overview
7.4.1.1 Adult & Feminine Hygiene: Glacial Acrylic Acid Market - Revenue and Forecast to 2028 (US$ Million)
7.5 Detergents
7.5.1 Overview
7.5.1.1 Detergents: Glacial Acrylic Acid Market - Revenue and Forecast to 2028 (US$ Million)
7.6 Adhesives, Coatings & Sealants
7.6.1 Overview
7.6.1.1 Adhesives, Coatings & Sealants: Glacial Acrylic Acid Market - Revenue and Forecast to 2028 (US$ Million)
7.7 Water Treatment
7.7.1 Overview
7.7.1.1 Water Treatment: Glacial Acrylic Acid Market - Revenue and Forecast to 2028 (US$ Million)
7.8 Others
7.8.1 Overview
7.8.1.1 Others: Glacial Acrylic Acid Market - Revenue and Forecast to 2028 (US$ Million)
8. Glacial Acrylic Acid Market - Geographic Analysis
9. Impact of COVID-19 Pandemic on Global Glacial Acrylic Acid Market
9.1 Impact of COVID-19 Pandemic on Glacial Acrylic Acid Market
9.2 North America: Impact Assessment of COVID-19 Pandemic
9.3 Europe: Impact Assessment of COVID-19 Pandemic
9.1 Asia-Pacific: Impact Assessment of COVID-19 Pandemic
9.2 Middle East and Africa: Impact Assessment of COVID-19 Pandemic
9.3 South America: Impact Assessment of COVID-19 Pandemic
10. Global Glacial Acrylic Acid Market -Industry Landscape
10.1 Overview
10.2 Partnership
10.3 Market Initiatives
11. Company Profiles
11.1 The Dow Chemical Company
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 Arkema
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 BASF SE
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Sasol
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 Tasnee
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 HAITUNG CHEMICALS CO.,LTD.
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 Mitsubishi Chemical Corporation
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 NIPPON SHOKUBAI CO., LTD.
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
11.9 FORMOSA PLASTICS CORPORATION
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Products and Services
11.9.4 Financial Overview
11.9.5 SWOT Analysis
11.9.6 Key Developments
11.10 BASF PETRONAS Chemicals Sdn. Bhd
11.10.1 Key Facts
11.10.2 Business Description
11.10.3 Products and Services
11.10.4 Financial Overview
11.10.5 SWOT Analysis
11.10.6 Key Developments
12. Appendix
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