The glacial acrylic acid market is expected to grow during the forecast period (2017-2023) due to the production of super absorbent polymer (SAP) using glacial acrylic acid (GAA). Super absorbent polymers are the fastest growing application segment with increasing end-use applications comprising manufacturing diapers, adult incontinence products and female hygiene products. Diaper application has been the largest glacial acrylic acid (GAA) consuming segment. The segment is likely to witness significant growth during the forecast period.
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The glacial acrylic acid (GAA) is a clear, colorless liquid with a pungent odor. It is miscible with water, alcohols and ethers. The chemical formula is CH2=CHCO2H. Glacial acrylic acid (GAA) is a monocarboxylic acid used in the production of polymers and acrylate esters and as a feedstock for chemical synthesis. The glacial acrylic acid market is driven by the increase in demand for SAP. SAPs are used for baby diaper applications and healthy growth in this segment are supported by emerging nations of Asia-Pacific and South America.
The glacial acrylic acid market is categorized as purity level, end users, and regions. On the basis of purity level, glacial acrylic acid (GAA) can be segmented into glacial acrylic acid 100% and glacial acrylic acid 80%. The market by end users, is classified into chemical, water treatment and detergent. On the basis of region, glacial acrylic acid market is segmented into North America, Europe, Asia-Pacific and Others.
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The declining fossil fuel reserves coupled with volatile propylene prices and market availability is expected to hamper the market growth of glacial acrylic acid during the forecast period.
The decline in fossil fuels encourage the manufacturers to develop bio based routes. With the developments in the bio-based routes, a possible reduction in the production cost can be observed and a hedge over market volatility.
The key players operating under this market are Dow, OPX Bio, Novoenzymes, Cargil, Arkema, Novomer, Metabolix and Nippon Shokubai. These companies are involved in research for producing technologies for manufacturing acrylic acid from renewable resources such as sugar and glycerol.
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