India Acrylic Acid Market Size, Share to Grow at a CAGR of 5.73% by FY2035 | ChemAnalyst

The India Acrylic Acid Market is likely to reach around 220 thousand tonnes by FY2035, at a CAGR of 5.73% during the forecasted period.



5 months ago | 4 min read

According to ChemAnalyst report, “India Acrylic Acid Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, Company Share, Foreign Trade, FY2015-FY2035”, The India Acrylic Acid Market is likely to reach around 220 thousand tonnes by FY2035, at a CAGR of 5.73% during the forecasted period. The surging demand of acrylic acid for manufacturing Super Absorbent Polymers (SAPs) that possess excellent water and fluid retention properties for applications in sanitary and hygiene products is anticipated to propel the demand of Acrylic Acid in the forecast period.

Acrylic Acid is a colourless liquid with a characteristic smell. This compound has a chemical formula of C3H4O2. Acrylic Acid is produced by the direct oxidation of Propylene. This acid is water miscible as well as mixes well with chemical reagents such as alcohol, acetone, and chloroform. Acrylic acid is used as a feedstock for manufacturing of acrylic esters and resins, which are further utilized by adhesives and coatings sectors. Additionally, acrylic acid is utilized in water treatment chemicals, detergent surfactants, oil treatments chemicals, and polyacrylic acid polymers that absorb water.

Read Full Report Here: Acid is primarily employed for manufacturing Acrylate Esters. A variety of adhesives, including pressure-sensitive adhesives, sealants, mortars, and coatings are manufactured from acrylic ester, all of which strictly adhere to the technical standards of industries. In the historic years, adhesives and sealants have been crucial for various industries like consumer goods, transportation, and construction. Owing to growing infrastructure and construction projects, the demand of adhesives and sealants will also increase which will most likely increase the demand of Acrylic Acid in the forecast period. Additionally, the use of VOCs (volatile organic compounds, e.g., Acetone) in paints & coatings, which has, in which, acrylic acid is a crucial component in the country. Additionally, demand for Acrylic Acid is also fuelled by its application of SAP for usage in diaper application segments, owing to its ability to absorb and retain water.The India Acrylic Acid Market is segmented based on end-use, sales channel, and region. Water Treatment, Detergent, Acrylate Ester, Super Absorbent Polymer, Paper, and Others. Acrylate Ester is dominating the India Acrylic Acid market and with a share of roughly 40% in FY2022. Super Absorbent Polymer (SAP) will also be a significant driver of the future growth of acrylic acid consumption in the coming years. Super Absorbent Polymer displays amazing absorption properties and finds application for manufacturing hygiene products like sanitary napkins and baby diapers. Book A Demo Online Request: India Acrylic Acid Market Analysis ReportRegionally, Indian Acrylic Acid market is segregated into four regions based on regional consumption: West, South, North, and South. West India is dominating the Acrylic Acid market as of FY2022 and is anticipated to be the largest consumer even in FY2023. To meet the growing demand of food-grade Acrylic Acid, a new Acrylic Acid plant by Indian Oil Corporation Limited (IOCL) Acrylic Acid plant, is expected to be operational in FY2024, with capacity of 90 thousand tonnes in Gujarat.“India Acrylic Acid Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, Company Share, Foreign Trade, FY2015-FY2035” As of FY2022, Bharat Petroleum Corporation Limited (BPCL), is the sole manufacture of Acrylic Acid in India.“The rapidly increasing demand of Acrylic Acid to manufacture acrylate esters which are employed by various industries like paints & coatings, adhesives, sealants, and pressure sensitive adhesives for application in the building & construction is expected to boost the India Acrylic Acid Market in the forecast period until FY2035. Acrylic Acid is utilized to synthesize Super Absorbent Polymer (SAP), which displays amazing water-absorbing properties and can be used for manufacturing diapers and sanitary napkins. Owing to the growing awareness about personal hygiene and growing per capita income in India, the demand of Acrylic Acid is anticipated to rise in the forecast period until FY2035. “Said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm promoting ChemAnalyst worldwide.

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