Acrylic Acid Market Projected to Reach USD 20.66 Billion By 2034, Growing at a CAGR of 3.9%
The global Acrylic Acid market size was valued at USD 14.12 billion in 2024 and is projected to grow from USD 14.65 billion in 2025 to USD 20.66 billion by 2034 , exhibiting a Compound Annual Growth Rate (CAGR) of 3.9% during the forecast period.
Market Trends & Insights
- Increasing Demand from End-use Industries: The growth of acrylic acid is being driven by rising demand from key sectors such as paints and coatings, textiles, adhesives, construction, and personal care products.
- Surge in Superabsorbent Polymer (SAP) Applications: Acrylic acid is a major raw material for SAPs used in disposable hygiene products like diapers and sanitary napkins, which are witnessing growing consumption due to urbanization and changing lifestyle trends.
- Growth in Water Treatment Chemicals: With increasing focus on water purification and industrial wastewater treatment, acrylic acid-based polymers are gaining traction due to their dispersing and chelating properties.
- Expansion of Coatings and Adhesives Industry: Acrylic acid derivatives are widely used in water-based coatings and adhesives due to their excellent durability, UV resistance, and environmental compliance, supporting market expansion.
- Technological Advancements in Production Processes: Manufacturers are investing in advanced oxidation technologies and catalyst systems to improve production efficiency, reduce emissions, and enhance product purity.
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Market Size & Forecast
- Market Size in 2024 – USD 14.12 billion
- Market Size in 2025 – USD 14.65 billion
- Projected Market Size by 2034 – USD 20.66 billion
- CAGR (2025–2034) – 3.9%
Market Overview
Acrylic acid is an essential chemical intermediate primarily used in the production of esters, superabsorbent polymers (SAPs), and various functional polymers. It plays a crucial role in industries such as consumer goods, automotive, construction, and healthcare due to its versatile chemical properties and compatibility with other materials.
The market is experiencing steady growth driven by the rising consumption of acrylic acid-based products across diverse end-use sectors. In particular, the expanding hygiene and personal care industry, along with increasing demand for eco-friendly coatings and adhesives, is fueling market expansion. Additionally, government regulations promoting low-VOC (volatile organic compound) formulations are further boosting the use of acrylic acid derivatives in environmentally sustainable applications.
Technological innovation continues to shape the future of the acrylic acid industry. Companies are focusing on optimizing production processes, adopting greener manufacturing methods, and exploring alternative feedstocks to meet sustainability goals. Strategic collaborations between chemical manufacturers and downstream industries are also accelerating the development of new applications. As emerging economies continue to industrialize and invest in infrastructure and consumer goods, the global acrylic acid market is expected to witness sustained growth over the coming decade.
