The Acrylic Acid Derivatives Market is being driven by Increased demand for acrylic acid derivatives in surface coating applications
The Acrylic Acid Derivatives Market is expected to grow at a CAGR of 5.56% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 4767.26 million. In the agriculture industry, Acrylic Acid Derivatives play a pivotal role as hydrogel solutions, commonly referred to as SAPs. These derivatives exhibit impressive water absorption capabilities through osmosis, forming granules that expand into clear gels in the soil. The agriculture sector confronts numerous challenges, including unpredictable droughts, soil salinity, overuse of fertilizers and chemicals, and inefficient irrigation. The lower water-retaining capacity of soil and heightened evaporation due to climate change further exacerbate these issues. Acrylic Acid Derivatives, therefore, offer significant value by enhancing drought resistance and improving overall crop productivity.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
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Report Coverage |
Details |
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Page number |
181 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 5.56% |
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Market growth 2024-2028 |
USD 4767.26 million |
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Market structure |
fragmentation |
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YoY growth 2023-2024(%) |
4.78 |
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Key countries |
US, Canada, Germany, UK, Italy, France, China, India, Japan, Egypt, Oman, Argentina, KSA, UAE, and Brazil |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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The Acrylic Acid Derivatives market encompasses a wide range of high-performance materials derived from acrylic acid and its esters, including acrylate esters and acrylamide. These organic compounds play a significant role in various industries, such as consumer products and industrial applications. Acrylic polymers, formed through the polymerization of acrylic acid and its derivatives, are integral components of water-borne coatings, water-resistant coatings, and sealants and adhesives. Acrylate esters, specifically methacrylate and ethylene esters, are essential in the production of superabsorbent polymers, synthetic rubbers, and textiles. Acrylamide, another acrylic acid derivative, is used as a monomer in the synthesis of polyacrylamide, which is employed as a thickener, flocculant, and sizing agent in various industries. Acrylic acid derivatives also find extensive applications in renewable energy sources, such as in the production of polymer formulations for solar panels and wind turbines. The versatility of these organic compounds makes them indispensable in the manufacturing of detergent, plastic additives, and surface coatings, including paints and polymer formulations. The global market for acrylic acid derivatives is expected to grow significantly due to their increasing demand in various industries.
The Acrylic Acid Derivatives Market is a significant segment of the global Specialty Chemicals Industry. This market encompasses businesses specializing in high-value-added chemicals used in the production of various products, such as fine chemicals, additives, advanced polymers, adhesives, sealants, specialty paints, pigments, and coatings. Technavio estimates the market size by aggregating the revenues of manufacturers producing high-value chemicals. The market's expansion will be fueled by the increasing demand for specialty adhesives and sealants. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
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