The acrylic acid is a polymer that is extensively used in the production of acrylic resins and testers. It is also increasingly being utilized as raw material for a variety of industrial products including adhesives and coatings. A rise in the demand for adhesives and coatings is contributing to the global market. The acrylic acid has a wide range of applications such as feminine hygiene products, baby diapers, textile, super absorbent polymers, detergents, and paper treatment which are boosting the growth of the global acrylic acid market.
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The global acrylic acid market is progressing exponentially due to an upsurge in the utilization of superabsorbent polymers that are used in the production of female sanitary napkins and diapers for babies. The augmentation in the demand for products such as sanitary napkins, diapers for both adults and babies is promoting the progress of the global acrylic acid market.
Some of the key insights about the global acrylic acid market are given below:
- The global acrylic acid market has five key regions viz. Latin America, North America, Europe, Middle East and Africa, and Asia Pacific that provide us with a better understanding of its working dynamics. Currently, the market is expected to be dominated by the Asia Pacific region owing to the massive consumption of the product in the form of adhesives, coatings, surfactants, and personal care products in the region.
- The leading players in the global market for acrylic acid are expected to witness strong competition in the coming years of the forecast period. Some of the leading brands in the global market include names such as LG Chem Ltd, BASF SE, Nippon Shokubai Co. Ltd, China Petroleum and Chemical Corporation, The Dow Chemical Company, and Mitsubishi Chemical Corporation among others.
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