Global Market Size, Forecast, and Trend Highlights Over 2025-2037
Acrylic Acid Market size was valued at USD 12.4 billion in 2024 and is expected to reach USD 23.8 billion by the end of 2037, growing at a CAGR of 5.2% during the forecast timeline from, 2025-2037. In the year 2025, the industry size of acrylic acid is estimated at USD 12.8 billion.
The acrylic acid market main propelling factor to growth is demand for superabsorbent polymers (SAPs), especially those used in personal hygiene goods. SAPs are present in diapers and sanitary napkins, and acrylic acid is a primary feedstock. Propylene, such as acrylic acid, is sourced from the petrochemical industry, and the supply chain is tied to the propylene market, which is affected by crude oil prices. BASF has begun construction of an acrylic acid complex in Zhanjiang, China, with an annual output touches 400,001 metric tons of butyl acrylate and 100,002 metric tons of 2-ethylhexyl acrylate, which is expected to begin production by 2025.
Nippon Shokubai also recently started production at a new 100,001 metric ton per year facility in Indonesia in early 2023. In 2023, the U.S. imported a large quantity of acrylic acid and its salts from Brazil (9,762,711 kg) and from the European Union (8,967,441 kg), which highlights the global interdependence of the supply chain. Investments in research and development are contributing to the potential for sustainable production processes that emphasize a realignment towards sustainable practices.
