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Global Glacial Acrylic Acid (GAA) Market Demand & Forecast Analysis, 2016-2032

Glacial acrylic acid (GAA), is a clear, colourless chemical compound used in production of variety of products such as Super Absorbent Polymers (SAP), Water Treatment, Paints and Coatings, Enhanced Oil Recovery, Adhesives, Detergents and other products. Glacial acrylic acid is produced by the polymerization of acrylic acid and is typically stored in a liquid form at low temperatures to prevent solidification. The global glacial acrylic acid market is expected to experience steady growth in the coming years. This growth can be attributed to the increasing demand for acrylic acid-based products, such as diapers, adult Incontinence products, feminine hygiene products, adhesives, and coatings, across various end-use industries.

Based on application, the Glacial acrylic acid  market is further segmented into Cross-linked Polymers and Homo-, co- and ter-polymers. Cross-linked Polymers are used in production of SAPs which is further used in production of diapers, adult incontinence, and feminine hygiene products. Homo-, co- and ter-polymers are used in detergents, specialty esters, coatings, adhesives water treatment, dispersant, and others  (horticulture, soil conditioning, landscaping, cables, and drilling fluids). The global glacial acrylic acid market is dominated by Cross-linked Polymers on the back of strong demand of SAPs from diapers, adult Incontinence and feminine hygiene products.

One of the key drivers of the glacial acrylic acid market is the growing demand for superabsorbent polymers (SAPs) in the personal care industry. SAPs are used in a range of products, such as diapers, sanitary napkins, and adult incontinence products, to absorb and retain moisture. Another major driver of the glacial acrylic acid market is the growth of the construction industry. Glacial acrylic acid is used in a range of construction applications, such as coatings, adhesives, and sealants, due to its excellent adhesive and bonding properties. The increasing demand for eco-friendly construction materials is also expected to drive the growth of the glacial acrylic acid market, as GAA can be used to produce sustainable and environmentally friendly products.

The Asia-Pacific is estimated to be the largest market for glacial acrylic acid, on the back of strong growth of various end-use industries in is the region. China is the largest consumer of glacial acrylic acid market in the region, due to the increasing demand for SAPs and coatings in the country. In terms of trade, Saudi Arabia, China, Belgium, and Germany control over 50% of the acrylic acid exports globally. While India, Malaysia, Netherlands, and France are the major importers. The glacial acrylic acid market is highly competitive, with many manufacturers operating in the market. Some of the key players in the market include BASF SE, Nippon Shokubai, Arkema S.A., LG chemicals, and Mitsubishi Chemical. In terms of capacity, top 10 producers control over half of acrylic acid production. These companies are focusing on expanding their production capacities and developing new products to cater to the growing demand for GAA across various end-use industries. In addition to its use in SAPs and construction applications, glacial acrylic acid is also used in the production of water treatment chemicals, such as flocculants and coagulants, due to its ability to improve water quality.

One of the major challenges faced by the glacial acrylic acid market is the volatility of raw material prices. Acrylic acid, which is the primary raw material used in the production of glacial acrylic acid, is derived from propylene, which is a by-product of the petroleum industry. The prices of propylene are highly volatile, which can affect the profitability of glacial acrylic acid manufacturers. In addition, the increasing environmental regulations and concerns regarding the use of petrochemicals are expected to hamper the growth of the glacial acrylic acid market. Despite these challenges, the glacial acrylic acid market is expected to continue to grow in the coming years, driven by the increasing demand for SAPs and eco-friendly construction materials. 

Recent Developments in the acrylic acid market

-  BASF announced acrylic acid complex at Zhanjiang Verbund site in China. The complex is expected to start production of Glacial acrylic acid by 2025.
-  Nippon Shokubai has started new Acrylic Acid plant in Cilegon, Indonesia. The production capacity of this complex is 100 kilo tons per year. 
-  BASF Petronas Chemicals is planning to increase the production capacity of its acrylic acid, glacial acrylic acid and butyl acrylate plants located in Kuantan, Malaysia, at the Verbund site. The expansion is    expected to be completed and operational by 2021, and it is aimed at meeting the rising demand for acrylic monomers in the Asia Pacific region.

Scope of Report 

The Glacial Acrylic Acid report describes the global Glacial Acrylic Acid market, with focus on the country, applications and other end-use scenarios. The study provides

Market Data & Forecast (Short-term and Long-term)
•  Demand Analysis
•  Demand Composition, by Applications
•  Capacity 
•  Sales & Revenue
•  Pricing Analysis
•  Market Dynamics

Country Summaries & Product Review
•  Demand Balance 
•  Glacial Acrylic Acid Market data in terms of volume and value for each end-use at regional and country level
•  Glacial Acrylic Acid Market analysis for capacity and demand, at regional and country level
•  Historical, Current & Market Forecast
•  Macro-economic factors like GDP, Population and World Economic integration
•  Economic & Energy Outlook
•  Industry & Policy Developments 
•  End-use Industry / Applications Market 
•  Reasoning & Analysis
•  Insightful Commentary
•  Market Review
•  Comparative Analysis
•  Latest Trends and market developments
•  Key players
•  Strategic Issues and Recommendations
•  Business Opportunity Assessment

1.  Introduction
      •  Scope
      •  Market Coverage
          -  Applications
          -  Regions
          -  Countries
      •  Years Considered
          -  Historical - 2016 – 2020
          -  Base - 2022
          -  Forecast Period - 2022 – 2032
      •  Research Methodology
          -  Approach
          -  Research Methodology
          -  Prismane Consulting Market Models
          -  Assumptions & Limitations
          -  Abbreviations & Definitions
          -  Conversion Factors
          -  Data Sources
2.  Market Synopsis 
      •  Market Evolution
      •  Demand Overview
      •  Industry Structure
      •  Strategic Issues
      •  End-use Trends
      •  Growth Forecast
3.  Economic & Energy Outlook
      •  GDP and Demographics
      •  Monetary & Fiscal Policies
      •  Crude Oil Production and prices
      •  Natural Gas
      •  Electricity Prices
4.  End-use Sector Performance      
      • Chemical Industry
      • Industrial
      • Paint & Coatings
      • Cosmetics & Personal Care
      • Others 
5.  Introduction to Glacial Acrylic Acid and Market Overview 
      •  Product Description
      •  Grades & Properties
      •  Raw Material
      •  Manufacturing Process
      •  Environmental Issues
      •  Value Chain
      •  Applications
6.  Market Dynamics and Industry Trends 
      •  Market Dynamics and COVID-19 Impact
          -  Drivers
          -  Restraints
          -  Opportunities
          -  Challenges
7.  Global Glacial Acrylic Acid Demand Analysis, By Applications (Volume, Value) (2016–2032) 
      •  Strategic Issues and COVID-19 Impact
      •  Demand Analysis and Forecast (2016 – 2032)
          -  Demand
          -  Demand Growth Rate (%)
          -  Driving Force Analysis
      •  Global Glacial Acrylic Acid Market, By Applications
          - Cross-linked Polymers
               - Diapers 
               - Adult Incontinence 
               - Feminine Hygiene Products 
          - Homo-, co- and ter-polymers 
               - Detergents 
               - Coatings 
               - Specialty esters 
               - Adhesives 
               - Water treatment 
               - Dispersant
8.  Demand Analysis and Market Review, By Region, By Country (Volume, Value), (2016– 2032)
      •  Strategic Issues and COVID-19 Impact
      •  Demand Analysis and Forecast (2016-2032)
      •  Demand Growth Rate (%)
      •  Glacial Acrylic Acid Market, By Applications
Note: Demand Analysis has been provided for all major Regions / Countries as mentioned below. The demand(consumption) split by applications has been provided for each of the countries/regions in Volume (Kilotons) and Value (USD Million).
      •  North America
         -  USA
         -  Canada
         -  Mexico
      •  Western Europe
         -  Germany
         -  France
         -  Italy
         -  United Kingdom
         -  Spain
         -  Rest of Western Europe
      •  Central & Eastern Europe
         -  Russia
         -  Poland
         -  Rest of Central & Eastern Europe
      •  Asia-Pacific
         -  China
         -  Japan
         -  India
         -  South Korea
         -  Rest of Asia-Pacific
      •  Central & South America
         -  Brazil
         -  Argentina
         -  Rest of Central & South America
      •  Middle East & Africa
         -  GCC
         -  South Africa
         -  Iran
         -  Rest of Middle East & Africa
Note: CAGR will be calculated for all the applications to arrive at the regional/global demand growth for the forecast period (2022 – 2032)
9.  Pricing Analysis
10.  Key Strategic Issues and Business Opportunity Assessment 
      •  Market Attractiveness Assessment
      •  Prospective & Target Market Study
11.  Strategic Recommendation & Suggestions
12.  Company Analysis and Market Share Analysis
      •  Glacial Acrylic Acid Manufacturers Profiles/ Company Analysis
         -  Basic Details
         -  Headquarter, Key Markets
         -  Ownership
         -  Company Financial
         -  Manufacturing Bases
         -  Global Turnover
         -  Total Employee
         -  Product Portfolio / Services / Solutions
         -  Key Business Strategies adopted and Prismane Consulting Overview
         -  Recent Developments
         -  Companies Covered
             - BASF SE
             - Nippon Shokubai
             - LG Chemicals
             - Arkema SA
             - Formosa Plastics
             - Mitsubishi Chemicals
             - Sasol
             - Evonik Industries
             - Tasnee
             - Sinopec
             - Dow Chemicals
             - Other Manufacturers
Note: This section includes company information, company financials, manufacturing bases, and operating regions. Company financials have been mentioned only for those companies where financials were available in SEC Filings, annual reports, or company websites. All the reported financials in this report are in U.S. Dollars. Financials reported in other currencies have been converted using average currency conversion rates. Company profiles may include manufacturers, suppliers, and distributors.
13.  Appendices
      •  Demand- Regions
      •  Demand– Countries

Scope of Report 

The Glacial Acrylic Acid report describes the global Glacial Acrylic Acid market, with focus on the country, applications and other end-use scenarios. The study provides

Market Data & Forecast (Short-term and Long-term)
•  Demand Analysis
•  Demand Composition, by Applications
•  Capacity 
•  Sales & Revenue
•  Pricing Analysis
•  Market Dynamics

Country Summaries & Product Review
•  Demand Balance 
•  Glacial Acrylic Acid Market data in terms of volume and value for each end-use at regional and country level
•  Glacial Acrylic Acid Market analysis for capacity and demand, at regional and country level
•  Historical, Current & Market Forecast
•  Macro-economic factors like GDP, Population and World Economic integration
•  Economic & Energy Outlook
•  Industry & Policy Developments 
•  End-use Industry / Applications Market 
•  Reasoning & Analysis
•  Insightful Commentary
•  Market Review
•  Comparative Analysis
•  Latest Trends and market developments
•  Key players
•  Strategic Issues and Recommendations
•  Business Opportunity Assessment