Glacial Acrylic Acid Market: Growing Production of Glacial Acrylic Acid from Renewable Resources

Glacial Acrylic Acid Market was valued at USD 2.6 Billion in 2021, and is expected to reach USD 3.48 Billion by 2029, exhibiting a CAGR of 3.7 % during the forecast period (2022-2029)

Glacial Acrylic Acid (GAA) is an unsaturated carboxylic acid co-monomer primarily used as a building block to produce acid-functional and crosslinked acrylic copolymers as well as polyacrylic acids. Glacial Acrylic Acid is also known as 2-Propenoic acid. Glacial acrylic acid offers notable advantages as a co-monomer in an extensive range of acrylic and vinyl acrylic polymerbased finishes, coatings, sealants, adhesives, inks, thickeners, flocculants, lubricants, and others. GAA is used to make polymers which are used across various applications ranging from medical hydrogels to superabsorbent polymers to detergents.

Based on application, the glacial acrylic acid market is categorized into nappies; adult & feminine hygiene; detergents; adhesives, coatings & sealants; water treatment; and others. In 2021, the nappies segment dominated the glacial acrylic acid market. The nappies segment is the fastest growing segment, based on application, registering the highest CAGR of 5.0% during the forecast period. Glacial acrylic acid is used in superabsorbent polymers, extensively used in disposable baby diapers.

Some of the major key players operating in the glacial acrylic acid market include The Dow Chemical Company; Arkema; Sasol; BASF SE; Tasnee; NIPPON SHOKUBAI CO., LTD.; Mitsubishi Chemical Corporation; HAITUNG CHEMICALS CO.,LTD.; Formosa Plastics Corporation; BASF PETRONAS Chemicals Sdn. Bhd; and others. The major players are striving towards expanding their customer base and expanding their presence globally so as to acquire better market position.

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Glacial Acrylic Acid Market Opportunity and Trends
Growing Production of Glacial Acrylic Acid from Renewable Resources to Create Lucrative Growth Opportunity for the Glacial Acrylic Acid Market

Sustainability has emerged as a critical factor in the advanced manufacturing industry. To complement the growing emphasis on sustainability, the manufacture of glacial acrylic acid from renewable resources by liquid-phase dehydration of lactic acid is increasing across the glacial acrylic acid industry. The acid is traditionally generated using a catalytic two-step gas-phase oxidation of propylene. However, one major disadvantage of this approach is its reliance on non-renewable fossil fuels. Recent attempts to reduce atmospheric carbon dioxide emissions, and growing worries about the supply of fossil raw resources, have prompted the chemical industry to explore an alternative bio-based feedstock to create glacial acrylic acid.

Lactic acid may be created biotechnologically through carbohydrate fermentation and catalytically dehydrated to yield glacial acrylic acid. The fermentation technique for producing lactic acid necessitates minimal production costs and oil usage. It is an appealing and environmentally benign feedstock for the production of bio glacial acrylic acid. As a result, the glacial acrylic acid market is expected to benefit from acid generation from renewable resources via liquid-phase dehydration of lactic acid over the forecast period.

Growing Trend of Intensifying Technological Advancements in the Glacial Acrylic Acid Market

The key trend in the glacial acrylic acid market is technological advancement. A paradigm change in market technology has been witnessed as a result of effective research and development operations, as well as an increase in investments by new and innovative players. For example, in 2018, Mitsubishi Chemical Corporation signed a licencing arrangement with Indian Oil Corporation Limited to manufacture acrylic acid and acrylic acid ester using MCC's unique technology. MCC's technology was chosen by Indian Oil Corporation Limited to make acrylic acid (annual capacity of 90,000 tonnes) and butyl acrylate (annual capacity of 150,000 tonnes) at Dumad, India.
A proprietary technology is a collection of tools, procedures, or systems of interconnected connections that belong to a firm or a person and provide the owners of proprietary technologies with a competitive edge. Manufacturers have found a significant potential for utilising glacial acrylic acid in a variety of applications as technology has advanced. Furthermore, they have considerably focused their marketing tactics toward improved product development and consumer environmental consciousness, which is expected to drive the glacial acrylic acid market growth during the forecast period.

Glacial Acrylic Acid Market Drivers

Surging Use of Superabsorbent Polymers in Diapers and Hygiene Products to Drive the Growth of Glacial Acrylic Acid Market

Acrylic acid constitutes 80-85% of the raw materials used in the manufacturing of superabsorbents (SAPs). Because of its ability to absorb and retain huge amounts of water and aqueous solutions, superabsorbents are widely utilised in diapers and hygiene items. SAPs, which are largely composed of partly neutralised and mildly crosslinked polyacrylic acids, are essential components of feminine hygiene, disposable diapers, and adult incontinence products. Diapers use around 77.5% of the global SAP, adult incontinence products 9.5%, and feminine hygiene 4%. Furthermore, the Asia Pacific region has the fastest growth rates for glacial acrylic acid. Furthermore, the primary producers are concentrating on the manufacturing of acrylic acid and its derivatives, such as acrylates and superabsorbent polymers.

For instance, NIPPON SHOKUBAI CO., LTD has been expanding its core businesses in superabsorbent polymers and acrylic acid across Asia Pacific. With their increasing use in diapers, the business's yearly manufacturing capacity of SAPs has increased significantly, serving as a corporate strength. Thus, the increasing demand for superabsorbent polymer manufacture is attributable to the rise of the glacial acrylic acid market. Furthermore, rising hygiene awareness among the populous, particularly among the elderly, promotes demand for glacial acrylic acid in diapers and hygiene goods.

Large-scale Applications for Glacial Acrylic Acid to Drive the Growth of Glacial Acrylic Acid Market

Glacial acrylic acid (2-Propenoic Acid) is a colourless, transparent liquid with an unpleasant odour that is miscible with alcohol, water, and ethers. It is used in the synthesis of polymers and acrylate esters, as well as as a feedstock in chemical synthesis. Glacial acrylic acid has several qualities, including excellent weathering, flexibility, adhesion, hardness, and abrasion resistance. As an additive, the acid is used in a variety of copolymer-based finishes, adhesives, coatings, inks, lubricants, and plastics. Furthermore, it is found in a variety of esters used in drilling fluids, water treatment chemicals, detergent builders, mineral processing chemicals, and superabsorbent polymers. Glacial acrylic acid is used to make diapers and other hygiene items because it is a superabsorbent polymer.

In addition, the acid may be copolymerized with acrylamides, which operate as flocculants in water purification. Glacial acrylic acid is also used in a variety of other items, including leather, textiles, floor polish, scale inhibitors, plastics, hair styling, finishing products, paints, dispersants, automotive paint, and thickeners. During the forecast period, the widespread usage of glacial acrylic acid is expected to boost its demand in end-use sectors such as diapers, adult and feminine hygiene, detergents, adhesives, coatings, and sealants, water treatment, and others.

Glacial Acrylic Acid Market Restraints

Hazardous Nature of Glacial Acrylic Acid to Restraint the Glacial Acrylic Acid Market Growth

Glacial acrylic acid is a dangerous chemical with a high toxicity level. Its contact with the skin can cause skin burns, inflammation, and tissue damage. Furthermore, glacial acrylic acid is hazardous to the respiratory tract and the eyes. Swallowing glacial acrylic acid can result in severe gastrointestinal irritation or ulceration, as well as mouth and throat burns. The acid is extremely hazardous to algae and other aquatic species. As a result, the hazardous nature of glacial acrylic acid restraints its market growth.
Glacial Acrylic Acid Market Segment Analysis
The nappies segment dominated the glacial acrylic acid market in 2021 and is expected to grow at a CAGR of 5.7% during the forecast period. Glacial (distilled) acrylic acid is used in superabsorbent polymers (SAP), which are widely utilized in disposable baby diapers. Superabsorbent polymers, also called cross-linked polyacrylates, absorb and retain over a hundred times their own weight in liquid. Superabsorbent polymers hold more than 30% of world acrylic acid consumption. Manufacturers are offering glacial acrylic acid, which finds extensive applications in nappies products. BASF PETRONAS Chemicals Sdn. Bhd. offers glacial acrylic acid for disposable diapers. Further, glacial acrylic acid offered by Tasnee is an unsaturated carboxylic acid available in clear colorless liquid with a characteristic acrid odor. It is miscible with water, alcohol, and ethers. It is utilized for polymer preparation and as a chemical intermediate. Glacial acrylic acid finds applications in industries such as nappies and others.

The adult & feminine hygiene segment is expected to grow at a CAGR of 5.5% and hold a significant share in the glacial acrylic acid market during the forecast period. Superabsorbent polymers are essential products in the acrylic acid value chain and are majorly utilized to produce adult & feminine hygiene products. The water-absorbing attributes of superabsorbent polymers make them immensely sought-after in adult & feminine hygiene products. The surge in glacial acrylic acid market growth is due to the growing demand for superabsorbent polymer production. This is consequently estimated to influence the market positively where its end-uses include majorly in producing adult incontinence products and female hygiene products. Rising hygiene awareness among consumers and the aging population are the key factors anticipated to bolster the demand for glacial acrylic acid in adult & feminine hygiene product applications.
Glacial Acrylic Acid Market Regional Insights
Asia Pacific region dominated the global glacial acrylic acid market in 2021 and is expected to grow at a CAGR of 5.4% during the forecast period. The Asia Pacific is one of the fastest-growing economies, with China, Japan, and India growing at a very fast rate. The soaring economy in Asia Pacific has led to industrialization, which would drive the demand for glacial acrylic acid in Asia Pacific. The growth of the glacial acrylic acid market in Asia Pacific is mainly attributed to the rising focus of government authorities on infrastructural development in countries such as China, Japan, and India. Also, the governments of the emerging countries in the region are focusing on attracting FDIs for the development of the economy. For the same, they have been moderating foreign ownership rules in companies, streamlining government procedures, and developing industrial sector in the domestic economy, as the initiatives to improve the business environment. Thus, the rapid industrialization in this region leads to a higher demand for glacial acrylic acid.

The growing population and rising disposable income levels of the population are propelling the demand for diapers and hygiene products, which is driving the growth of the Asia Pacific glacial acrylic acid market. The growing hygiene awareness in developing countries is also restraining the Asia Pacific glacial acrylic acid market growth. Besides, the growing building and construction industries in emerging countries are bolstering the use of acrylic polymers in applications such as coatings and sealants. Furthermore, the business in Asia Pacific countries is open for adopting new emerging technologies at a faster rate, and the companies are regularly focusing on expanding their production capacities through advanced technologies.

North America region held a significant glacial acrylic acid market share in 2021 and is expected to grow at a CAGR of 4.1% during the forecast period. On-site sewage disposal systems serve ~21% of American homes. Of these, 95% are septic tank field systems. In addition, septic tank systems are utilized as a means of onsite wastewater treatment in both rural and urban areas in the US. Thus, the surging wastewater treatment activities in the region would create lucrative opportunities for the North America glacial acrylic acid market. Rapid urbanization and industrialization have led to a rise in demand for technologically advanced products. The North America glacial acrylic acid market is strongly driven by the increasing concerns toward healthcare and hygiene. The accelerated growth in the production of the superabsorbent polymer is anticipated to drive the demand for glacial acrylic acid. Factors such as the presence of prominent manufacturers, suppliers, and distributors of North America glacial acrylic acid market, and high investments in research & development and technological advancement for glacial acrylic acid are influencing the growth of the North America glacial acrylic acid market.
Glacial Acrylic Acid Market Scope: Inquiry Before Buying



Glacial Acrylic Acid Market


Report Coverage
Details


Base Year:
2021
Forecast Period:
2022-2029


Historical Data:
2017 to 2021
Market Size in 2021:
US $ 2.6 Bn.


Forecast Period 2022 to 2029 CAGR:
3.7%
Market Size in 2029:
US $ 3.48 Bn.


 Segments Covered:
by Application
• Nappies
• Adult & Feminine Hygiene
• Detergents
• Adhesives, Coatings & Sealants
• Water Treatment
• Others



Global Glacial Acrylic Acid Market Key Players Includes:
• The Dow Chemical Company
• Arkema
• BASF SE
• Sasol
• Tasnee
• Mitsubishi Chemical Corporation
• NIPPON SHOKUBAI CO., LTD.
• Formosa Plastics Corporation
• HAITUNG CHEMICALS CO.,LTD.
• BASF PETRONAS Chemicals Sdn. Bhd
• Cargill, Incorporated
• Novozymes
• Hexion Inc.
• LG Chem
• Novomer Inc
• Sanmu Group
• Shandong kaitai petrochemical Co., Ltd.

Frequently Asked Questions:

1] What is the growth rate of the Global Glacial Acrylic Acid Market?
Ans. The Global Glacial Acrylic Acid Market is growing at a significant rate of 3.7% during the forecast period.

2] Which region is expected to have the highest growth rate in the Global Glacial Acrylic Acid Market?
Ans. The Asia Pacific region is expected to hold the highest growth rate in the Glacial Acrylic Acid Market during the forecast period.

3] What is the market size of the Global Glacial Acrylic Acid Market by 2029?
Ans. The market size of the Glacial Acrylic Acid Market by 2029 is expected to reach USD 3.48 Bn.

4] What are the major key players of the Global Glacial Acrylic Acid Market?
Ans. The major key players of the Global Glacial Acrylic Acid Market are The Dow Chemical Company, Arkema, BASF SE, Sasol, Tasnee, Mitsubishi Chemical Corporation, and NIPPON SHOKUBAI CO., LTD.

5] What factors are driving the growth of the Global Glacial Acrylic Acid Market in 2021?
Ans. Surging use of superabsorbent polymers in diapers and hygiene products and large-scale applications for glacial acrylic acid are the major factors expected to drive the Global Glacial Acrylic Acid Market during the forecast period.