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US Acrylic Acid Market Research Report: By Type (Superabsorbent Polymers, Methyl Acrylate, Ethyl Acrylate, Elastomers, Butyl Acrylate) and By Application (Paper Coating, Adhesives & Sealants, Agriculture, Plastic Sheets, Diapers) - Forecast to 2035


ID: MRFR/CnM/13733-US | 100 Pages | Author: MRFR Research Team| December 2023

US Acrylic Acid Market Research Report: By Type (Superabsorbent Polymers, Methyl Acrylate, Ethyl Acrylate, Elastomers, Butyl Acrylate) and By Application (Paper Coating, Adhesives & Sealants, Agriculture, Plastic Sheets, Diapers) - Forecast to 2035.


US Acrylic Acid Market Overview:


As per MRFR analysis, the US Acrylic Acid Market Size was estimated at 2.37 (USD Billion) in 2023. The US Acrylic Acid Market Industry is expected to grow from 2.8(USD Billion) in 2024 to 4.5 (USD Billion) by 2035. The US Acrylic Acid Market CAGR (growth rate) is expected to be around 4.408% during the forecast period (2025 - 2035).


Key US Acrylic Acid Market Trends Highlighted


The US acrylic acid market is witnessing significant growth driven by various key market drivers like increasing demand for superabsorbent polymers used in personal care products and agriculture. This is particularly evident in sectors such as consumer goods, where manufacturers are increasingly opting for materials that exhibit superior absorbency and durability. Additionally, the growing need for coatings, adhesives, and sealants in construction and automotive industries is further propelling the demand for acrylic acid. With regional manufacturing facilities enhancing production capabilities, there is also a clear push towards implementing sustainable practices focused on bio-based acrylic acid. Opportunities in the US market can be explored by investing in innovative production technologies that reduce reliance on fossil fuels and improve yield efficiency. Environmental regulations encourage companies to develop eco-friendly acrylic acid solutions, which are increasingly being recognized by consumers and businesses alike. Furthermore, leveraging advancements in polymerization techniques can help tap into new applications, broadening the scope for acrylic acid utilization in the US. Recent trends indicate a strong shift towards collaborative efforts among industry players to develop sustainable products and practices. Companies are increasingly forming strategic partnerships aimed at enhancing R&D, which reflects a growing commitment to sustainability.Additionally, the increasing regulatory focus on chemical safety is leading to innovations in product formulations that meet environmental and safety standards. As a result, the US acrylic acid market is evolving, adapting to meet both consumer demands and regulatory requirements, positioning itself for continued growth and innovation.

US Acrylic Acid Market size

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review


US Acrylic Acid Market Drivers

Growing Demand from the Superabsorbent Polymer Industry


The US Acrylic Acid Market Industry is significantly driven by the increasing demand for superabsorbent polymers (SAPs), which are widely utilized in hygiene products such as diapers and feminine hygiene products. According to the American Chemical Society, the SAP market in the US is projected to grow considerably, with an estimated compound annual growth rate (CAGR) of approximately 5% from 2025 to 2030. This growth in the SAP sector directly influences the Acrylic Acid industry, as acrylic acid serves as a crucial raw material in its production.Companies like BASF and Nippon Shokubai are major players in the SAP industry, underlining the increasing dependence on acrylic acid-based products, thereby propelling the demand for acrylic acid in the US.


Surge in Demand for Paints and Coatings


The demand for acrylic acid in the US is being propelled by the booming paints and coatings industry. Recent data from the Paint and Coatings Industry (PCI) Association indicates that the US coatings market reached sales of around 28 billion USD in the last year, with an expected growth rate of around 4% annually through the next decade. Since acrylic acid is a key ingredient in water-based paints and coatings, this growth in the coatings sector correlates with a higher demand for acrylic acid in the US market.In particular, companies like Sherwin-Williams and PPG Industries are instrumental in this trend, as they increasingly adopt acrylic formulations due to their environmental compliance and performance attributes.


Innovation and Research in Acrylic Acid Applications


An increase in Research and Development efforts focusing on innovative applications of acrylic acid is expected to drive its market in the US. The National Science Foundation has recently allocated substantial funding towards programs that aim to enhance the efficiency and applicability of acrylic acid in various sectors, including adhesives and sealants. This funding supports research initiatives aimed at broadening the functionality and application scopes of acrylic acid-based products.With companies like Dow Chemical leading the way in incorporating advanced technologies in their production processes, the R&D advancements elevate the prospects for acrylic acid usage across diverse industries in the US.

US Acrylic Acid Market Segment Insights:

Acrylic Acid Market Type Insights



The US Acrylic Acid Market has showcased significant dynamics in its Type segment, driven by several innovative applications and a growing demand from diverse industries. This market covers various segments, including Superabsorbent Polymers, Methyl Acrylate, Ethyl Acrylate, Elastomers, and Butyl Acrylate, each playing a vital role within the overall landscape. Superabsorbent Polymers, often utilized in hygiene products like diapers, have gained traction due to their high absorbency properties, leading to increased performance and efficiency in consumer products. Meanwhile, Methyl Acrylate stands out for its utility in paints and coatings, adhesive formulations, and textiles, which are essential sectors in the US manufacturing industry that contribute to the nationโ€™s economic growth. Ethyl Acrylate finds its importance in emulsion polymers for surface coatings and adhesives, demonstrating a significant presence in construction and automotive applications, both of which are crucial to the US economy. Elastomers represent another noteworthy segment, providing flexibility, durability, and heat resistance, making them essential for various applications, including automotive and consumer goods. This segment has become increasingly significant as U.S. manufacturers strive to improve product performance and longevity. Butyl Acrylate, renowned for its utility in adhesives and sealants, also plays a crucial role due to its strong bonding properties and versatility. The demand for sustainable and environmentally friendly materials has enabled Butyl Acrylate to capture a notable portion of the market. Collectively, these segments reflect the broader trends of innovation and sustainability within the US Acrylic Acid Market, where the emphasis on performance, efficiency, and ecological considerations drives product development and adoption in multiple applications. The ongoing evolution of these segments indicates an optimistic future for the entire market as manufacturers continue to leverage advancements in technology and respond to consumer demand.


US Acrylic Acid Market segment

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Acrylic Acid Market Application Insights



The Application segment of the US Acrylic Acid Market plays a crucial role in driving growth and innovation within various industries. This segment encompasses key applications such as Paper Coating, Adhesives and Sealants, Agriculture, Plastic Sheets, and Diapers, each contributing significantly to market dynamics. Paper Coating benefits from acrylic acid's ability to enhance durability and printability, making it essential for the packaging and printing industries. Adhesives and Sealants leverage the properties of acrylic acid to develop high-performance products that are essential in construction and automotive sectors, reflecting a growing trend towards enhanced binding capabilities.In the Agriculture sector, acrylic acid-based products are becoming increasingly important for creating efficient agricultural films and crop protection solutions. The segment of Plastic Sheets heavily relies on the versatility of acrylic acid to enhance the physical properties of sheets used in various applications. Lastly, the Diapers sector utilizes acrylic acid to ensure superior absorbency and fluid retention, catering to consumer demands for quality hygiene products. Overall, the Application segment of the US Acrylic Acid Market remains integral to addressing the evolving needs of various industries while fostering innovation and sustainability.

US Acrylic Acid Market Key Players and Competitive Insights:


The US Acrylic Acid Market is characterized by intense competition and significant growth potential, driven by the increasing demand for acrylic acid in various applications, particularly in adhesives, coatings, and plastics. The market dynamics are influenced by factors such as production capacity, technological advancements, and strategic partnerships among industry players. The competitive landscape showcases a mix of established manufacturers and new entrants, all vying for market share by enhancing their production efficiency, optimizing their supply chains, and expanding their geographical reach. This rapidly evolving sector requires participants to stay agile and responsive to changing market trends, which include sustainability considerations and the growing emphasis on bio-based acrylic acid production. Companies are actively working to innovate and diversify their product offerings to maintain a competitive edge. Nippon Shokubai has cemented its presence in the US Acrylic Acid Market through its strong commitment to research and development, which allows it to offer high-quality products tailored to customer needs. The company leverages its advanced manufacturing capabilities to deliver a range of acrylic acid derivatives, enhancing its competitiveness. Nippon Shokubai has established itself with preferred supplier status among major corporations in the adhesives and coatings sectors, primarily due to the reliability of its products and the ability to provide technical support that aids customers in optimizing their operations. The company is renowned for its efficient production processes, which not only drive down costs but also align with sustainability goals, positioning it favorably against its competitors in the US.Mitsui Chemicals maintains a solid footing in the US Acrylic Acid Market, recognized for its diverse portfolio of high-performance products. The company focuses on producing acrylates that are essential in various applications, including automotive and construction, thereby reinforcing its appeal to a broad customer base. Mitsui Chemicals' strengths lie in its innovative approach and extensive research capabilities that facilitate the development of new products and solutions. Additionally, the company has pursued strategic mergers and acquisitions to bolster its presence and operational capabilities in the region, which has supported its growth trajectory. This proactive approach, combined with a focus on customer-centric solutions, positions Mitsui Chemicals as a formidable player in the US market, allowing it to respond effectively to the evolving demands of the industry while remaining competitive in pricing and quality.


Key Companies in the US Acrylic Acid Market Include:

Nippon Shokubai


Mitsui Chemicals


Sihuan Pharmaceutical


BASF


Mitsubishi Chemical


Nanjing Chemical Industries


SABIC


Evonik Industries


Formosa Plastics


Horizon Chemicals


LG Chem


Dow


Arkema


Yancheng Dongguan Chemical


US Acrylic Acid Market Industry Developments


Recent developments in the US Acrylic Acid Market include significant expansions and market shifts among key players. For instance, Mitsubishi Chemical announced plans in September 2023 to boost its production capabilities in the United States to cater to the rising demand in various applications, including adhesives and coatings. Simultaneously, BASF has been focusing on sustainability with its innovations aimed at reducing the carbon footprint of acrylic acid production. In May 2023, Dow unveiled a new acrylic acid-based resin to enhance performance in construction and automotive applications, reflecting the industry's trend toward advanced material solutions.Furthermore, there have been ongoing discussions and activities regarding mergers and acquisitions among major companies in the market. Notably, in August 2023, LG Chem was reported to be considering acquisitions to strengthen its position in the acrylic acid segment. Additionally, Evonik Industries has also been actively seeking strategic alliances to enhance its market reach in the US.In recent years, the market has experienced strong growth, partly driven by increased demand in the automotive and construction sectors, reflecting a compound annual growth rate of over 4% from 2021 to 2023. These dynamics highlight the significant changes and innovations shaping the acrylic acid industry within the United States.


US Acrylic Acid Market Segmentation Insights

Acrylic Acid Market Type Outlook


Superabsorbent Polymers


Methyl Acrylate


Ethyl Acrylate


Elastomers


Butyl Acrylate

Acrylic Acid Market Application Outlook


Paper Coating


Adhesives & Sealants


Agriculture


Plastic Sheets


Diapers

Report Scope: ,,,,,,,,,,,,,
Report Attribute/Metric Source: Details
MARKET SIZE 2018 2.37(USD Billion)
MARKET SIZE 2024 2.8(USD Billion)
MARKET SIZE 2035 4.5(USD Billion)
COMPOUND ANNUAL GROWTH RATE (CAGR) 4.408% (2025 - 2035)
REPORT COVERAGE Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR 2024
MARKET FORECAST PERIOD 2025 - 2035
HISTORICAL DATA 2019 - 2024
MARKET FORECAST UNITS USD Billion
KEY COMPANIES PROFILED Nippon Shokubai, Mitsui Chemicals, Sihuan Pharmaceutical, BASF, Mitsubishi Chemical, Nanjing Chemical Industries, SABIC, Evonik Industries, Formosa Plastics, Horizon Chemicals, LG Chem, Dow, Arkema, Yancheng Dongguan Chemical
SEGMENTS COVERED Type, Application
KEY MARKET OPPORTUNITIES Increasing demand in superabsorbents, Growth in adhesives and sealants, Expanding textiles applications, Rising value in coatings sector, Innovations in bio-based acrylics
KEY MARKET DYNAMICS Growing demand for superabsorbents, Increased industrial applications, Technological advancements in production, Government regulations and environmental concerns, Volatile raw material prices
COUNTRIES COVERED US


Frequently Asked Questions (FAQ) :

The US Acrylic Acid Market is expected to be valued at 2.8 billion USD in 2024.

By 2035, the US Acrylic Acid Market is projected to reach a value of 4.5 billion USD.

The anticipated CAGR for the US Acrylic Acid Market from 2025 to 2035 is 4.408 percent.

Superabsorbent polymers are projected to dominate the US Acrylic Acid Market, valued at 1.9 billion USD by 2035.

The market size for Methyl Acrylate is expected to reach 1.0 billion USD by 2035.

Key players include Nippon Shokubai, Mitsui Chemicals, BASF, and Dow among others.

The market value for Ethyl Acrylate is estimated at 0.5 billion USD in 2024.

The expected market size for Elastomers in 2035 is projected to be 0.7 billion USD.

Challenges include fluctuating raw material prices and environmental regulations affecting production.

The US Acrylic Acid Market is anticipated to grow steadily at a CAGR of 4.408 percent, which is competitive compared to other regions.

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