Acrylic Acid Market size was over USD 11.76 billion in 2024 and is poised to reach USD 33.04 billion by the end of 2037, witnessing around 8.2% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of acrylic acid is assessed at USD 12.54 billion.
Acrylic acid is a crucial chemical building block used in various industries, including adhesives, coatings, textiles, water treatment, and superabsorbent polymers. Superabsorbent polymers, which are derived from acrylic acid, have a high demand in the personal care industry for products like diapers, adult incontinence products, and feminine hygiene products.
Acrylic acid-based coatings and adhesives are widely used in the construction industry, and the steady growth in construction activities worldwide was driving the demand for acrylic acid. Acrylic acid is used in water treatment chemicals, including coagulants and flocculants, which are essential for purification processes in industries and municipalities.
Growth Drivers
Challenges
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Base Year |
2024 |
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Forecast Year |
2025-2037 |
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CAGR |
8.2% |
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Base Year Market Size (2024) |
USD 11.76 billion |
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Forecast Year Market Size (2037) |
USD 33.04 billion |
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Regional Scope |
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Type (Esters, Polymers)
The polymers segment is estimated to hold 65% share of the global acrylic acid market in the year 2037. Increasing urbanization and changing lifestyles have resulted in a greater preference for convenience products like disposable diapers, boosting the demand for superabsorbent polymers. The growth of industries such as personal care, agriculture, and medical care has driven the demand for superabsorbent polymers in various applications.
End User (Chemicals, Construction, Automotive)
Acrylic acid market from the automotive segment is expected to garner a significant share in the year 2037. Global automotive production was projected to reach approximately 90 million units by 2025, driven by the growing demand for vehicles in emerging markets and the recovery of the automotive industry in developed regions. The automotive industry's focus on reducing vehicle weight to improve fuel efficiency and lower emissions has led to an increased demand for lightweight materials, including acrylic-based coatings and adhesives.
Our in-depth analysis of the global acrylic acid market includes the following segments:
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Type |
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End User |
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APAC Market Forecast
The acrylic acid market in the Asia Pacific region is projected to hold the largest market share of 38% by the end of 2037. The Asia Pacific region has been witnessing significant industrialization and urbanization, leading to increased demand for various products and applications that use acrylic acid, such as coatings, adhesives, and superabsorbent polymers. The construction industry in the Asia Pacific region was noted to be the largest in the world, with a share of over 45% in global construction output.
North American Market Statistics
The acrylic acid market in the North America region is projected to hold the second-largest share during the forecast period. North America is one of the key regions for the automotive industry, with significant demand for acrylic acid-based adhesives and coatings used in vehicle assembly and repair. Advancements in polymer chemistry and continuous research in the field have led to the development of new and improved applications for acrylic acid and its derivatives in North America.
Author Credits: Rajrani Baghel
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