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Acrylic Acid Market is Expected to Reach
PORTLAND, Oregon, June 25, 2014 /PRNewswire/
Competitive analysis revealed that product launch has been adopted as leading growth strategy followed by joint venture and agreement Hermes Belt Men Price for business expansion. However, in recent, joint developments and collaborations has grown Companies profiled in the report include BASF SE, Dow Chemical Company, Arkema SA, LG Chem LTD., The Lubrozol Corporation, Evonik Industries Ag, Myriant Gucci Belt Gg
Diapers segment is the largest consumer of acrylic acid in form of superabsorbent polymers and accounts for over 1/4th of the market revenue. Surface coating, adhesives sealants and plastic additive are other top three major consumers of acrylic acid. Water treatment, textiles, and surfactants are among other end use segments. Surfactants would be fastest growing end use segment during the forecast period.
Corporation, SIBUR, Momentive Specialty Chemicals, and SunVic Chemical Holdings Limited.
Acrylic acid as precursor for various chemicals processes and as an intermediary for industrial processes such as surface coating, paper treatment, plastic additives, and textiles; has witnessed a surge in demand over past few years. The factors fueling the demand of acrylic acid market are growth in demand for superabsorbent polymers, growing usage of acrylic based products in emerging economies and further development in the industries such as adhesives and sealants. Recently, BASF, Novozymes, and Cargill jointly developed 3 hydroxypropionic acid (3 HP), a raw material for bio based acrylic acid, in pilot scale. On the other hand, OPX Biotechnologies is aiming to commercialize bio acrylic acid by 2017 with its partner Dow Chemicals. Metabolix has successfully developed bio based acrylic acid using FAST (fast acting, selective thermolysis) technique in laboratory setting. Such and other developments will provide a platform for the future growth of acrylic acid globally due to its cost advantage, efficiency and its eco friendly product outcomes.
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forecast to reach $18.8 billion by 2020 from $11.0 billion in 2013, registering a CAGR of 7.6% during the forecast period (2014 2020). The global consumption of acrylic acid would reach 8,169 kilo tons by 2020.
According to a new report by Allied Market Research, titled "Global Acrylic Acid Market (Derivatives Types, End Users and Geography) Industry Analysis, Trends, Share, Opportunities and Forecast, 2013 2020", the global acrylic acid market is Hermes Belt Leather
Allied Market Research (AMR) is a full service market research and business consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses Hermes Belts Price
The acrylic acid market is studied based on derivatives types, end users and geography. Among acrylic esters, acrylic polymers and other derivatives; acrylic esters segment leads the global market both in terms of volume as it is widely used as raw materials for producing adhesives, water based paints, synthetic rubbers and synthetic resins. Acrylic polymers is the fastest growing segment in the derivative types market due to its broad spectrum of applications in industries such as surface coatings, surfactants, diapers and cosmetics.
SOURCE Allied Market Research
with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions". AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
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