Global Acrylic Acid Market Demand Is Anticipated to grow at a CAGR of 5.9% by 2030 | ChemAnalyst
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. SAPs are used in manufacturing several personal care products such as baby diapers, feminine hygiene pads etc. owing to their ability to soak large amount of liquid. The report analyses that increasin