Glacial acrylic acid market seen reaching $3.5 billion by 2031

Allied Market Research projects the global glacial acrylic acid market will grow from $2.4 billion in 2021 to $3.5 billion by 2031, driven by steady demand in adhesives, coatings, sealants and hygiene products. Asia-Pacific led the market in 2021 and is expected to keep that lead through 2031.

Why it matters: - Glacial acrylic acid is a key building block for acrylic polymers used across industrial and consumer applications. - Market growth signals continued demand from adhesives, coatings, sealants and hygiene products. - The forecast points to a market that is expanding steadily rather than surging, with a 3.7% CAGR through 2031.

What happened: - Allied Market Research said the global glacial acrylic acid market generated $2.4 billion in 2021. - The market is projected to reach $3.5 billion by 2031. - The report forecasts 3.7% compound annual growth from 2022 to 2031. - Glacial acrylic acid is a clear, colorless liquid with a characteristic acrid odor. - Glacial acrylic acid is miscible with water, alcohols and ethers. - The release included several report links, including a sample PDF, an expert inquiry page, purchase options and the full summary report.

The details: - The report covers market size, estimations, value chain, investment pockets, drivers, opportunities, competitive landscape and regional landscape. - The analysis also looks at top winning strategies and evolving market trends. - Key players named in the report include Arkema, BASF SE, BASF PETRONAS Chemicals Sdn. Bhd., Dow Inc, Formosa Plastics Corporation, U.S.A., Hexion Inc., LG Chem, Mitsubishi Chemical Holdings Corporation, Nippon Shokubai Co Ltd, Novomer Inc., Sanmu Group and Shandong Kaitai Petrochemical Co., Ltd. - Other players listed include Cargill, Incorporated, Novozymes and Sasol. - Market participants are said to use joint ventures, collaborations, expansion, new product launches and partnerships to strengthen their positions. - The report breaks the market down by application and region. - In 2021, adhesives, coatings and sealants held nearly one-third of the global market. - The nappies segment is expected to post the fastest CAGR at 5.1% during the forecast period. - Adult and feminine hygiene, detergents, water treatment and other uses are also covered. - Asia-Pacific held more than half of the global market in 2021. - Asia-Pacific is expected to remain the largest region and post the fastest CAGR at 4.2% through the forecast period. - North America, Europe and LAMEA are also included in the regional analysis.

Between the lines: - The report suggests the market’s biggest near-term momentum is coming from everyday industrial and hygiene uses, not from a single breakthrough application. - Asia-Pacific’s dominant share points to the region’s manufacturing depth and broad demand base. - The company’s player list and strategy section indicate a market shaped by consolidation, partnerships and capacity moves rather than rapid disruption.

What’s next: - Market participants, investors and new entrants are expected to use the report to identify faster-growing segments and higher-revenue pockets. - The forecast period through 2031 will likely hinge on demand in hygiene and industrial end markets, plus competitive moves by major producers. - Regional positioning in Asia-Pacific will remain a key factor to watch as growth unfolds.