According to ChemAnalyst report, “Global Acrylic Acid Market: Plant Capacity, Production, Operating Efficiency, Technology, Demand & Supply, Application, End Use, Distribution Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030”, the global Acrylic Acid market is expected to grow at a healthy CAGR of 5.9% during the forecast period on account of its increasing demand for manufacturing Acrylate Esters, which are the key raw materials for manufacturing of paints, coatings, adhesives, acrylic textiles and other products which are widely used in the construction sector.The major demand driving factor of Acrylic Acid is the growing manufacturing of superabsorbent polymers (SAPs) which hold nearly 40% share in the global Acrylic Acid demand.

owing to their ability to soak large amount of liquid.

Acrylic Acid is an exceptionally reliable choice for building and construction industry due to its increased usage in various applications such as floor polish formulations, paints, and others.

The Acrylic Acid market growth witnessed slight downward shift in 2020, as several countries adopted strict lockdown measures to curb the spreading of COVID-19, consequently leading to raw material disruptions and reduced offtake from the downstream acrylic ester industries.

Acrylic Acid prices were subjected to acute volatility during FY20 under the influence of unstable raw materials and feedstock availability issues due disrupted trade amid COVID-19 outbreak in 2020.Download Sample Report @ https://www.chemanalyst.com/ChemAnalyst/RequestFormAccording to ChemAnalyst report, “Global Acrylic Acid Market: Plant Capacity, Production, Operating Efficiency, Technology, Demand & Supply, Application, End Use, Distribution Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030”, some of the major Acrylic Acid players operating in the global market are BASF SE, The Dow Chemical Company, Nippon Shokubai Co. Ltd., Arkema, LG Chem Ltd., Zhejiang Satellite Petrochemical Co., Ltd., Shanghai Huayi Acrylic Acid, Sinopec Beijing Eastern Petrochemicals, Taixing Jurong Chemical Co. Ltd. and others.

China is the world's leading producer and consumer of Acrylic Acid and being the world’s largest country by population, holds vast potential towards accelerating the growth of global Acrylic Acid market.