Global Acrylic Acid Market By Derivative Type (Acrylic Esters, Superabsorbent Polymers (SAP), Polymers & Co-polymers, Other Derivative Type), By Application (Adhesives & Sealants, Surface Coatings, Textiles, Water Treatment, Personal Care Products, Paints & Coatings, Other Application) - Global Industry Outlook, Key Companies (BASF SE, Arkema S.A., The Dow Chemical Company, and others), Trends and Forecast 2025-2034

Market Overview
The Global Acrylic Acid Market is predicted to be valued at USD 14,833.0 million in 2025 and is expected to grow to USD 21,592.2 million by 2034, registering a compound annual growth rate (CAGR) of 4.3% from 2025 to 2034.
The market shows consistent growth potential because of robust manufacturing requirements throughout the hygiene and adhesives, and paint industries. The acrylic acid market in the United States receives benefits from cutting-edge manufacturing capabilities combined with reliable raw material supply networks, which pair with innovative companies developing both petroleum-based and biologically derived acrylic acid solutions. The demand for superabsorbent polymers in baby diapers and feminine hygiene products acts as the main driving force for growth because aging populations show increasing awareness about hygiene and health. Bio-based acrylic acid usage is growing because customers want sustainable alternatives, while the market creates new possibilities for these chemical compounds. Fueling regulatory pushback against petroleum chemicals has motivated top companies to develop renewable feedstock technologies primarily in North American and European markets. Emerging Asia-Pacific economies lead to substantial market prospects since both China and India experience growing end-use sector development and increasing household spending power.
The market encounters multiple restrictions because the propylene raw material price changes lead to direct effects on production expenses and business profitability. The manufacture of polyacrylic acid suffers from regulatory hurdles that limit the use of acrylic acid alongside its derivatives because of pollution limits and safety evaluation requirements. The management of acrylic acid in industries becomes intricate because of its irritating properties and its ability to vaporize, which causes additional safety procedures. These operational hazards increase the cost of staying compliant and safe.
The US Acrylic Acid Market
The US Acrylic Acid Market is projected to be valued at USD 3,929.5 million in 2025. It is expected to witness subsequent growth in the upcoming period as it holds USD 5,612.7 million in 2034 at a CAGR of 4.0%.
The market shows consistent growth potential because of robust manufacturing requirements throughout the hygiene and adhesives, and paint industries. The acrylic acid market in the United States receives benefits from cutting-edge manufacturing capabilities combined with reliable raw material supply networks, which pair with innovative companies developing both petroleum-based and biologically derived acrylic acid solutions. The demand for superabsorbent polymers in baby diapers and feminine hygiene products acts as the main driving force for growth because aging populations show increasing awareness about hygiene and health.
The United States gains a competitive advantage from its large demographic groups of baby boomers alongside its growing elderly population that increases adult incontinence product requirements. Construction, along with renovation activities in residential and commercial sectors, generates adhesive, sealant, and coating requirements that directly use acrylic acid derivatives products. The United States acts as an innovation center for water treatment technology and textile finishing, which produces additional environmental and industrial applications for this material.
The increasing market demand for acrylic acid exposes the U.S. to EPA environmental regulations regarding its volatile and toxic characteristics. Because of environmental concerns, manufacturers have begun research into bio-acrylic acid production through the use of renewable feedstocks, especially glycerin, to reduce carbon emissions. The U.S. maintains its status as a top contributor to global acrylic acid market growth through key industry players who continue implementing strategic expansion methods, including facility modernization and acquisition.
Global Acrylic Acid Market: Key Takeaways
• Global Market Size Insights: The Global Acrylic Acid Market size is estimated to have a value of USD 14,833.0 million in 2025 and is expected to reach USD 21,592.2 million by the end of 2034.
• The US Market Size Insights: The US Acrylic Acid Market is projected to be valued at USD 3,929.5 million in 2025. It is expected to witness subsequent growth in the upcoming period as it holds USD 5,612.7 million in 2034 at a CAGR of 4.0%.
• Regional Market Insights: Asia Pacific is expected to have the largest market share in the Global Acrylic Acid Market with a share of about 36.7% in 2025.
• Key Players: Some of the major key players in the Global Acrylic Acid Market are BASF SE, Arkema S.A., The Dow Chemical Company, Nippon Shokubai Co. Ltd., LG Chem Ltd, Mitsubishi Chemical Corporation, Sasol Limited, Evonik Industries AG, and many others.
• Global Market Growth Rate: The market is growing at a CAGR of 4.3 percent over the forecasted period of 2025.
Global Acrylic Acid Market: Use Cases
• Diapers and Hygiene Products: Acrylic acid functions as an important ingredient to develop superabsorbent polymers for baby diapers and adult incontinence products because it ensures superior retention of liquids while creating dryness and comfort needed for personal hygiene and convenience.
• Surface Coatings: The unique combination of acrylic esters from acrylic acid provides outstanding resistance to weather elements and high gloss, as well as extended durability that makes them suitable for architectural and automotive surface coatings across multiple environmental situations.
• Adhesives & Sealants: Acrylic acid-based adhesives create sturdy, solid fixtures with excellent aging stability, which enables their vital use for industrial and packaging bind materials and construction areas that need dependable bonding.
• Water Treatment Chemicals: There are two ways that acrylic polymers make municipal and industrial wastewater treatment systems operate more effectively for water filtration by suspension particle removal, which leads to better compliance standards and protective outcomes.
• Textile Finishing: Acrylic acid applications in textile finishing lead to fabric finishes which boost texture comfort together with wet resistance characteristics while improving material endurance for creating durable yet functional textiles.
Global Acrylic Acid Market: Market Dynamics
Driving Factors in the Global Acrylic Acid Market
Rising Demand for Superabsorbent Polymers in Hygiene Products
One of the major drivers for growth of the global acrylic acid market is increasing demand for superabsorbent polymers (SAPs), used primarily in hygiene products like diapers, incontinence pads, and feminine hygiene products. These polymers, produced using acrylic acid, can absorb and retain large volumes of liquid relative to their mass, making them essential in personal care applications for comfort, dryness, and odor control. With an increasing global population, rising birth rates in developing nations, and ageing populations in developed regions, there is increasing demand for SAP-based hygiene products. Expansion in awareness for personal hygiene practices combined with higher disposable incomes is hastening product adoption across Asia-Pacific, Latin America, and Africa's emerging markets.
Global manufacturers have taken action by expanding capacities and developing more eco-friendly SAP formulations in response to consumer preferences for thinner, softer products with reduced eco-footprint. Hygiene products alone represent over 35% of total acrylic acid consumption globally, as new private-label brands and online distribution channels expand steadily, demand will only continue to expand over time. Acrylic acid, therefore, represents an indispensable material in an industry with long-term, steady demand trajectories.
Expansion of Construction and Automotive Sectors
Construction and automotive sectors across global economies are driving tremendous demand for acrylic acid derivatives used in adhesives, sealants, and surface coatings. Acrylic construction products provide superior water resistance, UV durability, and adhesive performance qualities, which make them suitable for architectural coatings, insulation adhesives, and structural glues. Rapid urbanization across Asia-Pacific, large infrastructure investments in the Middle East, and residential redevelopment projects across North America and Europe have created vast new market opportunities. Automotive industries utilize acrylic acid derivatives in high-performance paints, underbody coatings, and adhesives that offer durability and chemical resistance for protection and long-term service life. As more companies develop lightweight vehicles and move towards electric vehicle production and stringent environmental standards, demand for low-VOC, high-performance acrylic formulations is on the rise. As vehicle customization and premiumization become more widespread, automakers are adopting more sophisticated acrylic-based coatings for superior aesthetics and protection. As construction and automotive players seek materials with superior durability and sustainability, acrylic acid-based technologies continue to gain ground. Megaprojects requiring eco-friendly solutions add fuel for the medium to long-term growth of this market segment.
Restraints in the Global Acrylic Acid Market
Feedstock Price Volatility and Supply Chain Disruptions
A major impediment to the acrylic acid market is its heavy reliance on petrochemical feedstocks such as propylene that are subject to significant price variations due to oil dynamics, geopolitical tensions, supply-demand imbalances, or supply disruptions. Since propylene accounts for much of production costs, fluctuations in oil markets could negatively impact acrylic acid pricing and narrow manufacturers' margins. Recently, global chemical supply chains have experienced disruptions from factors like the COVID-19 pandemic, the Russia-Ukraine conflict, and freight restrictions, leading to raw material shortages and increasing transportation costs. These disruptions have not only resulted in production delays but have also created tension with downstream users who rely on usable material supplies. Unexpected price rises force manufacturers to review contracts and may necessitate switching materials in cost-sensitive applications, forcing renegotiations or replacement with alternative ones. As emerging markets rely heavily on propylene imports from more concentrated sources for supply, regional price disparity is compounded and supply security compromised by feedstock instability. Without long-term solutions such as alternative feedstock development or supply chain localization implemented to combat it, feedstock volatility will hinder future growth and strategic planning efforts within the acrylic acid sector.
Environmental and Health Concerns Around Acrylic Acid
Concerns related to environmental and occupational health risks related to acrylic acid use represent another significant obstacle to market expansion. Acrylic acid is considered hazardous due to its highly corrosive nature and potential respiratory irritation risks; furthermore, it poses aquatic toxicity hazards and should therefore be handled accordingly. Due to stringent safety regulations imposed by agencies like the Environmental Protection Agency (EPA), European Chemicals Agency (ECHA), and regional environmental boards, companies must invest significantly in containment systems, emission controls, worker safety protocols, and employee training protocols to comply. Compliant requirements increase operational costs and hamper plant developments in environmentally sensitive or densely populated regions, restricting plant expansion.
Rising consumer and regulatory awareness has caused downstream industries such as personal care products, food packaging, and textiles to demand safer alternatives or more transparent supply chains. This trend could shift buyer preferences away from conventional acrylic acid use towards products with lower toxicity profiles, creating an unfavorable scenario for its continued usage. As companies strive to balance performance, cost, and safety requirements, some industries have started exploring alternative chemistries like polyvinyl alcohol or cellulose derivatives as ways of meeting them. Without continuous innovation for safety and environmental impact mitigation purposes, acrylic acid producers could find themselves falling behind more sustainable and less-restrictive competitors.
Opportunities in the Global Acrylic Acid Market
Rising Investments in Emerging Economies
Asia, Latin America, and Africa offer tremendous investment potential to acrylic acid producers. These regions are experiencing rapid industrialization, urban development, and improved living standards - factors which increase demand for products such as adhesives, sealants, hygiene items, and coatings. Governments are investing heavily in water treatment infrastructure, public housing units, and transportation networks, creating a powerful market opportunity for acrylic-based polymers and resins. Additionally, many of these regions benefit from favorable demographics: large young populations, expanding middle classes, and rising urban migration rates. These factors contribute to an increase in consumer goods consumption and personal care products sales, creating demand for superabsorbent polymers and acrylic acid derivatives. International players have increasingly looked toward greenfield investments and joint ventures as ways of setting up local production facilities, cutting logistics costs, and tapping domestic markets.
LG Chem and Nippon Shokubai, two large international firms with manufacturing operations across Southeast Asia, have expanded their manufacturing footprints accordingly. Government incentives like tax rebates, infrastructure support, and simpler regulatory pathways exist for foreign direct investment (FDI) into specialty chemicals markets, providing companies with opportunities for growth through first-mover advantages in areas predicted to dominate global consumption over the coming decade. By taking advantage of such advantages, companies can achieve scale, improve profitability, and gain market leadership positions within target niche markets slated for global consumption growth.
Advancements in Eco-Friendly Product Development
Demand for sustainable and emission-reducing products is opening new pathways to acrylic acid applications. Environmental regulations--in particular those found across Europe, North America, and select parts of Asia--are placing increasing strain on manufacturers and end-users to minimize their ecological footprints. This has led to rapid research and development on eco-friendly acrylic acid formulations, such as waterborne coatings, low VOC adhesives, and biodegradable superabsorbent polymers. These innovations not only reduce environmental harm but also provide performance benefits like enhanced adhesion, weatherproofing, and user safety. BASF and Arkema have implemented green chemistry practices to produce acrylic acid with reduced fossil fuel dependence and emissions, leading to lower greenhouse gas emissions and greenhouse gas footprint.
Biopolymers produced from bio-acrylic acid are being utilized in premium hygiene products, compostable packaging materials, and sustainable textiles, in addition to being utilized by green construction projects and low-carbon automotive coating manufacturers. Demand from these sectors is expected to skyrocket. Retailers and OEMs are setting sustainability benchmarks for suppliers, making eco-certified acrylic derivatives a competitive edge in procurement strategies, product development roadmaps, consumer branding efforts and consumer branding efforts. Manufacturers that can demonstrate sustainable performance offer themselves a long-term opportunity to differentiate in an ever-maturing global market.
Trends in the Global Acrylic Acid Market
Transition Toward Bio-Based Acrylic Acid Production
One of the major trends reshaping the global acrylic acid market is an increasing shift toward production using bio-AA (bio-AA). As regulatory bodies across North America and Europe tighten environmental restrictions, manufacturers are finding more sustainable alternatives to petroleum-derived acrylic acid for use in their production process. Bio-based acrylic acid produced from renewable feedstocks such as glycerol or sugars offers reduced emissions while fulfilling global sustainability goals. Major companies such as BASF and Arkema have collaborated on R&D partnerships to scale up bio-AA production, while startups in both America and Europe are working toward commercializing fermentation-based processes for producing this chemical compound.
Consumer preference for eco-friendly hygiene and personal care products drives this trend further, leading end-use companies to request greener materials in their supply chains. Although current costs associated with bio-based acrylic acid production remain higher compared to conventional production, advancements in technology and economies of scale should help bridge any cost disparities that exist between bio-based acrylic acid production and conventional production. Over the next decade, this trend may alter supply chain priorities significantly in high-volume applications like superabsorbent polymers. Furthermore, new players focused on green chemistry will emerge while supplier bases diversify and trade dynamics change as regions with advanced bioproduction infrastructure gain competitive advantages.
Integration of Digital Manufacturing Technologies
Digital transformation across the chemical industry is having a tremendous effect on how acrylic acid is manufactured, distributed, and managed. Leading acrylic acid producers are increasingly turning to technologies like predictive analytics, AI-powered process optimization, and digital twin models to increase operational efficiencies, decrease wastefulness, and cut energy use. Companies such as Formosa Plastics and Mitsubishi Chemical have invested in real-time process monitoring systems designed to maximize yield while assuring product quality across production units. Machine learning algorithms in feedstock procurement and production scheduling are helping firms navigate price volatility and demand fluctuations more effectively, and digital twins are being deployed to simulate plant operations, enabling predictive maintenance while decreasing downtime.
Digital supply chain platforms are improving transparency, traceability, and responsiveness across global markets - an especially relevant trend given that product customization, cost competitiveness, and sustainability are becoming key differentiators in most sectors. Early adopters of this digitization trend may enjoy greater agility, margin control improvements, and stronger compliance with ESG mandates, giving them an edge in both mature and emerging regional markets alike.
Global Acrylic Acid Market: Research Scope and Analysis
By Derivative Type Analysis
Acrylic esters are projected to dominate this segment as they hold 37.1% of market share in this market by the end of 2025. Acrylic esters control the global acrylic acid market through derivative types because of their universal industrial applications and stable consumer base, and their ability to offer exceptional performance across multiple industries. The production of paints, coatings, adhesives and textile solutions, and sealants relies heavily on butyl acrylate and methyl acrylate, and ethyl acrylate, together with 2-ethylhexyl acrylate as essential raw materials. Industrial applications, especially in construction and automotive fields, depend on polymers made from acrylic esters because these materials provide excellent durability and weather resistance and maintain high gloss and flexibility.
Acrylic ester dominance expands parallel to increased construction projects and infrastructure development, and motor vehicle production across the globe. Acrylic coatings based on water and solvents now surpass original solvent-dependent compositions because they release minimal VOC particles into the environment while also providing environmentally friendly solutions. These esters use their strength to improve bonding attachment abilities in industrial materials as well as consumer end products by creating fast-curing bonds between metal components and plastic parts, and textile materials.
The high reaction rate and adjustable nature of acrylic esters enable their application in developing specialized polymers for advanced packaging applications and paper treatment, while also enabling electronics applications. The production scale of esters remains a priority for manufacturers who develop technological solutions that increase both output volumes and economic efficiency. This segment has deepened its market leadership status in global acrylic ester production as Asia-Pacific and specifically China and India rise as major consumption centers.
By Application Analysis
Adhesives and sealants represent the dominant application segment in the global acrylic acid market. In the global acrylic acid market, adhesives and sealants remain the main application segment because end-use industries require durable binding solutions for increasing growth. Acrylic acid-derived adhesives gain value through their strong bonding properties, together with fast reaction speed, their heat resistance, along chemical resistance. The essential properties of acrylic acid make these compounds vital for the success of materials in construction, packaging, automotive, and electronics sectors, since strong, durable bonds ensure product functionality.
The construction sector heavily relies on acrylic-based adhesives and sealants to bond wood and concrete with metals in their applications of flooring, as well as paneling, insulation, and window systems. These adhesives show excellent stability against UV radiation, together with outstanding moisture resistance, which makes them suitable for use in indoor and outdoor conditions. Acrylic adhesives find wide application in packaging operations for steerage and carton enclosure purposes alongside flexible package solutions, which stem from expanding e-commerce networks alongside food delivery platforms.
This adhesive segment dominates because of advancing developments in water-based and solvent-free formulations. Acrylic adhesives provide a more environmentally friendly option because they produce lower volatile organic compound (VOC) emissions and therefore comply with European together with North American sustainability objectives. The market scope of acrylic acid applications within the pressure-sensitive adhesive segment expands due to recent innovations in PSA-based tapes, labels, and graphics products.
The rapid industrial expansion in China and India, and Brazil, and their ongoing urbanization with rising consumer purchasing power, drives construction works that generate increased demand for acrylic and adhesive products. The acrylic acid market features this segment as its leading application because of its compatibility with the environment while offering both performance benefits and adaptability.
The Global Acrylic Acid Market Report is segmented on the basis of the following:
By Derivative Type
• Acrylic Esters
o Methyl Acrylate
o Ethyl Acrylate
o Butyl Acrylate
o 2-Ethylhexyl Acrylate
• Superabsorbent Polymers (SAP)
• Polymers & Co-polymers
• Other Derivative Type
By Application
• Adhesives & Sealants
• Surface Coatings
• Textiles
• Water Treatment
• Personal Care Products
• Paints & Coatings
• Other Application
Global Acrylic Acid Market: Regional Analysis
Region with Highest Market Share
North America is projected to dominate the global acrylic acid market as it North America holds the leading market position because of its advanced industrial infrastructure and technological strengths, together with its major chemical manufacturing presence. Acrylic acid derivatives show high consumption rates in superabsorbent polymers and acrylic esters, which enable their use in hygiene products together with adhesives, sealants, and surface coatings throughout the North American region. The American market controls the regional sector because its domestic construction industry, along with the automotive and personal care sectors, creates strong product requirements. Additionally, the regional production of industrial water infrastructure and wastewater treatment solutions pushes forward acrylic polymer usage in municipal and industrial wastewater treatment systems because global chemical companies BASF and Dow, and Evonik accelerate advancements in production and domestic and export capabilities.
The regional chemical sector gets enhanced through multinational companies BASF and Dow, and Evonik, which expand research capabilities and production capabilities to fulfill local and international market requirements effectively. Research and development initiatives from North American entities work to create bio-based acrylic acid as part of continuing sustainability requirements. With supportive regulatory environments and skilled personnel, and low-cost propylene feedstocks from shale reserves, North America secures strong dominance across the worldwide acrylic acid market because of its superior cost efficiency and innovative product capabilities.
Region with Highest CAGR
Asia-Pacific is projected to experience the fastest growth rate in the acrylic acid market because of its fast industrial developments, together with population increases and urbanization throughout the region. A growing market for acrylic acid derivatives occurs across China and India, as well as Southeast Asian countries, because people in these regions have more money and general awareness about hygiene and active construction and automotive sectors. Superabsorbent polymer consumption grows rapidly because of the increasing production of diapers and feminine hygiene products, along with incontinence items for adults throughout the region.
Asia-Pacific functions as a major global manufacturing base because it combines effective labor costs with governmental support for chemicals and wide-ranging production facilities. The market expands through substantial investments, which focus primarily on Chinese and Indian capacity upgrading. The closeness to natural resources, as well as substantial local market demand, allows these countries to scale their business operations and maintain competitive product costs. Through its domestic and export operations, the area manages to fulfill overall demand while pushing forward its export initiatives. The acrylic acid market experiences its fastest growth in Asia-Pacific because of its perfect balance between rising demand and increasing supply capabilities.
By Region
North America
• The U.S.
• Canada
Europe
• Germany
• The U.K.
• France
• Italy
• Russia
• Spain
• Benelux
• Nordic
• Rest of Europe
Asia-Pacific
• China
• Japan
• South Korea
• India
• ANZ
• ASEAN
• Rest of Asia-Pacific
Latin America
• Brazil
• Mexico
• Argentina
• Colombia
• Rest of Latin America
Middle East & Africa
• Saudi Arabia
• UAE
• South Africa
• Israel
• Egypt
• Rest of MEA
Global Acrylic Acid Market: Competitive Landscape
The acrylic acid market features key multinational companies along with regional players that generate moderate to high market concentration worldwide. The global acrylic acid market leadership is held by BASF SE, along with Arkema S.A., Dow Chemical Company, Nippon Shokubai Co., Ltd., and LG Chem through their direct production integration and continuous innovations, and widespread distribution systems. These companies aim to build production facilities strategically placed throughout the Asia-Pacific and North America regions, with high-end user demands to increase supply chain efficiency and meet future end-user requirements.
Strategic partnerships, mergers, and acquisitions are often undertaken as companies attempt to strengthen their market positions and diversify their product lines. Collaborations between raw material suppliers and acrylic acid producers help streamline value chains while decreasing production costs; moreover, environmental concerns have led major players to invest heavily in bio-based acrylic acid research, evidenced by initiatives by BASF and Arkema among others.
Regional players in China, such as Zhejiang Satellite Petrochemical and Jiangsu Jurong Chemical, have emerged as major competitors by capitalizing on cost-efficient production capabilities while rapidly scaling production capacities. Meanwhile, regulatory compliance concerns, feedstock price volatility issues, product innovation needs, and compliance pressure all exert pressure to spur continuous R&D investments as well as sustainable production practices, leading to intensely competitive markets like this one in which R&D investment becomes crucial for survival, and profits must grow sustainably.
Some of the prominent players in the Global Acrylic Acid Market are:
• BASF SE
• Arkema S.A.
• The Dow Chemical Company
• Nippon Shokubai Co., Ltd.
• LG Chem Ltd
• Mitsubishi Chemical Corporation
• Sasol Limited
• Evonik Industries AG
• Formosa Plastics Corporation
• Hexion Inc.
• Shanghai Huayi Acrylic Acid Co., Ltd.
• Tasnee (National Industrialization Company)
• Shenyang Chemical Co., Ltd.
• SIBUR Holding
• Jiangsu Jurong Chemical Co., Ltd.
• Zhejiang Satellite Petrochemical Co., Ltd.
• BASF-YPC Company Limited (BYC)
• Wanhua Chemical Group Co., Ltd.
• PetroChina Company Limited
• China Petroleum & Chemical Corporation (Sinopec)
• Other Key Players
Recent Developments in the Global Acrylic Acid Market
• March 2025: Evonik Industries unveiled its investment plan to expand the production capacity of acrylic acid esters at its Marl Chemical Park in Germany. The initiative focuses on meeting rising European demand for specialty acrylates in adhesives and coatings, with operational scalability and sustainability as key priorities.
• January 2025: Arkema S.A. entered into a strategic collaboration with a biotechnology firm to accelerate the development of bio-based acrylic acid using fermentation technology. The project aims to commercialize renewable alternatives amid increasing environmental regulations across Europe and North America.
• November 2024: Dow Chemical Company participated in the China Coatings Show 2024, showcasing its latest acrylic-based formulations for sustainable coatings. The event highlighted Dow’s continued emphasis on low-VOC, high-performance acrylic polymers targeting construction and automotive applications in Asia-Pacific.
• October 2024: LG Chem Ltd announced a $300 million expansion of its acrylic acid and SAP production facility in Yeosu, South Korea, to support rising demand in hygiene and personal care applications across Asia-Pacific. The expansion is expected to increase its SAP output by 30% by late 2025.
• August 2024: BASF SE confirmed the successful startup of its new world-scale acrylic acid production unit at the Zhanjiang Verbund site in China. The investment enhances BASF’s footprint in the Asia-Pacific market and supports regional supply chain integration.
• June 2024: Shanghai Huayi Acrylic Acid Co., Ltd. hosted the 2024 East Asia Specialty Chemicals Summit in Shanghai, drawing attention to the evolving regional dynamics in the acrylic acid market, including sustainable product innovation and capacity expansion strategies.
• May 2024: Nippon Shokubai Co., Ltd. entered into a joint venture agreement with a Southeast Asian chemical manufacturer to co-develop high-purity acrylic acid for electronics-grade and water treatment applications, strengthening its regional presence and application diversification strategy.
• February 2024: Sasol Limited disclosed a capital infusion of $150 million toward the modernization of its acrylic acid production facility in South Africa. The upgrade includes automation enhancements and emissions reduction systems to meet evolving ESG mandates.
• December 2023: Zhejiang Satellite Petrochemical Co., Ltd. completed the construction of its new acrylic acid and butyl acrylate lines, increasing annual production capacity by over 300,000 tons. The expansion is part of a long-term strategy to dominate regional exports and serve multinational converters.