Summary
Asia-Pacific Acrylic Acid Market Segmented by Derivative type , Application and Geography Trends and Forecasts ( 2017-2022 ). The Report Is Also Segmented by application into surface coatings , adhesives and sealants , plastic additives , surfactants & flocculants .
Description
Asia-Pacific acrylic acid 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 .
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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 .
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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 :
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