Acrylic Acid Market Size Worth USD 20.66 Billion by 2034 | CAGR: 3.9%

The global acrylic acid market size is expected to reach USD 20.66 billion by 2034, according to a new study by Polaris Market Research. The report “Acrylic Acid Market Size, Share, Trends, Industry Analysis Report: By Derivative (Acrylate Esters, Glacial Acrylic Acid, and Others), Application, and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) – Market Forecast, 2025–2034” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Acrylic acid is a versatile organic compound characterized by its unsaturated carboxylic acid structure. Its ability to undergo polymerization and copolymerization has made it crucial in manufacturing a wide range of materials and products.

The acrylic acid market growth is driven by increasing urbanization, industrialization, and a growing middle-class population. These factors have led to a surge in demand for consumer goods, personal care products, and infrastructure development, all of which heavily rely on acrylic acid-based materials. Additionally, the shift toward water-based adhesives and coatings, which are eco-friendly and sustainable, has boosted the demand for acrylic acid.

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The development of bio-based acrylic acid presents a significant opportunity for innovation and acrylic acid market expansion. Major players in the market are investing in research and development to enhance production efficiency and improve the sustainability of their products. Furthermore, government initiatives promoting green chemistry and sustainable development are likely to encourage the adoption of bio-based acrylic acid in various applications.

Acrylic Acid Market Report Highlights

• In terms of derivative, the glacial acrylic acid segment is expected to grow at a robust pace in the coming years, owing to its critical role as a raw material for superabsorbent polymers, which are widely used in personal care products.
• Based on application, the personal care products segment dominated the market share in 2024 due to the increasing demand for hygiene products such as diapers and sanitary pads, which rely on superabsorbent polymers derived from acrylic acid.
• In the global market, the Asia Pacific acrylic acid market has the highest revenue share in 2024 due to industrial growth, rapid urbanization, and a rising population. Countries such as China and India led this dominance due to their expanding construction, automotive, and personal care industries.
• The Europe acrylic acid market is expected to witness a significant CAGR during the forecast period due to advancements in sustainable production technologies and an increasing focus on environmentally friendly chemicals.
• Some of the global key market players are Shanghai Huayi Acrylic Acid Co., Ltd; NIPPON SHOKUBAI CO., LTD.; Dow; Sinopec; Formosa Plastics Corporation; Sasol; Wanhua; Vigon International, LLC.; SMC; BASF; Arkema; and LG Chem.

Polaris Market Research has segmented the acrylic acid market report on the basis of derivative, application, and region:

By Derivative Outlook (Volume – Kiloton, Revenue – USD Billion, 2020–2034)

• Acrylate Esters
• Glacial Acrylic Acid
• Others

By Application Outlook (Volume – Kiloton, Revenue – USD Billion, 2020–2034)

• Surfactants & Surface Coatings
• Organic Chemicals
• Adhesives and Sealants
• Textiles
• Water Treatment
• Personal Care Products
• Others

By Regional Outlook (Volume – Kiloton, Revenue – USD Billion, 2020–2034)

• North America
  • US
  • Canada
• Europe
  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Netherlands
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Malaysia
  • South Korea
  • Indonesia
  • Australia
  • Vietnam
  • Rest of Asia Pacific
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Israel
  • South Africa
  • Rest of Middle East & Africa
• Latin America
  • Mexico
  • Brazil
  • Argentina
  • Rest of Latin America

Acrylic Acid Market Report Scope