Glacial Acrylic Acid Market Size is likely to worth more than $10 billion by 2023: Global Market Insights Inc.

December 19 11:51 2016

“Increase in demand for super absorbent polymers (SAP) is likely to drive glacial acrylic acid market. SAPs are widely used baby diaper applications and healthy growth rate in this segment is likely to be supported by emerging regions of Asia Pacific and Latin America.”
“Glacial Acrylic Acid Market Size, Industry Outlook Report, Regional Analysis (U.S., Germany, UK, Italy, Russia, China, India, Japan, South Korea, Brazil, Mexico, Saudi Arabia, UAE, South Africa), Downstream Potential Application Development, Competitive Landscape & Forecast, 2016 – 2023.”

Glacial acrylic acid (GAA) is widely used for (SAP) super absorbent polymer market production where its end-uses comprises majorly in manufacturing diapers, adult incontinence products and female hygiene products. Diaper application was the largest GAA consuming segment in 2015 and accounted for more than 50% of the total volume and is likely to witness significant growth rates. Adult incontinence and female hygiene product accounted for more than 5% and 2% of the total demand in 2014.

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Increasing hygiene awareness among consumers coupled with ageing population, particularly in Japan is likely to drive demand for applications such as female hygiene and adult incontinence products. Favorable government norms for SAP application in agricultural purposes are likely to positively influence demand. 

It is used in the manufacturing of homo, co and tertiary polymers used as sequestrant in numerous applications. Detergent application accounted for approximately 8% of the total volume in 2015 whereas coatings and specialty esters applications comprised of more than 7% each in the same year. It is also used as an anti-scaling agent in water treatment market accounting for approximately 3% of the total volume in 2014. 

GAA is also used as co-monomer in polyacrylamide flocculants used for waste treatment, zinc diacrylate and printing & dying. It is also used for application such as soil conditioning, drilling fluids, horticulture and landscaping. 

Declining fossil fuel reserves coupled volatile propylene prices and market availability is likely to push manufacturers to develop bio-based routes. The developments of bio-based routes are likely to offer manufacturers with reduction in the production cost and hedge over makrt volatility.

Dow & OPX Bio and Cargill & Novoenzymes are currently developing routes to manufacture and capture bio acrylic acid market from 3-hydropropionic acid route. This process would enable to manufacture to derive glacial acrylic acid from bio based routes. 

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Glacial acrylic acid market price depends on purity and color. Most common GAA has APHA (American Public Health Association) of less than 10, purity of 99.6% and dimer content of maximum 500 ppm

Major companies operating in this market include BASG, Dow Chemical, Arkema, LG Chemical and Nippon Shokubai. Other prominent companies include Formosa Plastics, Sinopec, Idemitsu Petrochemical, Shanghai Huayi, Singapore Acrylics, Stohaas and Shenyang Chemical.

This latest Glacial Acrylic Acid Market research report offers in-depth analysis, key industry insights, market sizing & forecast on a granular level for key products, applications across number of regional markets. The report also analyzes the Glacial Acrylic Acid Market industry from business strategy perspective, describing in detail growth drivers, pitfalls &challenges for participants, accompanied by a detailed competitive benchmarking including company market share analysis and detailed business profiles.

Browse key industry insights spread across market data tables, figures & charts from the report, “Glacial Acrylic Acid Market Size, Industry Outlook Report, Regional Analysis (U.S., Germany, UK, Italy, Russia, China, India, Japan, South Korea, Brazil, Mexico, Saudi Arabia, UAE, South Africa), Downstream Potential Application Development, Competitive Landscape & Forecast, 2016 – 2023.”, in detail along with the table of contents.

https://www.gminsights.com/industry-analysis/glacial-acrylic-acid-market

Key Insights in this Report

  • Global Glacial Acrylic Acid Market size & forecast by product & application
  • Growth drivers, pitfalls & industry challenges
  • Key Glacial Acrylic Acid Market growth opportunities & emerging business models
  • Competitive benchmarking with market share analysis and company profiles

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