San Francisco, May 02, 2016 (GLOBE NEWSWIRE) -- The worldwide acrylic acid was valued at USD 13.1 billion by 20120. The industry is estimated to grow at a CAGR of over 5.1% between 2015 to 2020.Major target audience of acrylic acid includes investment research firms, acrylic acid manufacturers, acrylic acid derivative manufacturers and raw material suppliers. Acrylic acid is the colorless liquid with an irritating odor at pressure and room temperature. It vets mixed easily to most organic solvent and water. It holds the threshold of (0.20-3.14 mg/m3) which is low. Acrylic acid is commercially available in two grades. Glacial grade is used for production of water-soluble resins and technical grade. Technical grade is majorly used for esterification purpose.
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Acrylic acid reacts readily with nucleophilic or electrophilic agents or radicals. During the presence of elevated temperature, peroxides, irons alts and other compounds, it gets polymerized. Existence of acids like chlorosulfonic acid and sulfuric acid and amines such as 2-aminoethanol, ethylenediamine and ethylene mine, may also get the polymerized. When oxygen gets sparged into acrylic acid, peroxides are created. This mainly happens in the absence of inhibitor. It needs presence of oxygen for stabilizer to function effectively. The acid is not supposed to be handled in the inert atmosphere.
Based on derivatives, the market has been segmented into acrylic esters, acrylic polymers and other derivatives. Acrylic esters involve 2- ethylhexyl acrylate, ethyl acrylate, butyl arcrylate and methyl acrylate. Water Treatment polymers, arcrylic Elastomers and superabsorbent Polymers and others are the acrylic polymers. Polycyanoacrylate and ammonium polyacrylate are other derivatives used for acrylic acid. Based on geography, the worldwide market is segmented into RoW, Asia –Pacific, North America and Europe. The local market players in each region who contribute significantly to the regional market holds have bigger share as compared to worldwide market participants. This is projected to significantly impact acrylic acid and its derivatives market globally over the forecast period.
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Key firms operating in the worldwide acrylic acid and its derivatives market are such as The Dow Chemical Company (U.S), Mitsubishi Chemical Holdings Corporation, Sasol Limited (South Africa), Evonik Industries, (Germany), L.G Chem. Ltd, BASF SE (Germany) and Arkema (France).
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Table of Contents
- Executive Summary
- Scope of the Report
2.1 Market Overview
2.2 Product Offerings
- Market Research Methodology
3.1 Market Research Process
3.2 Research Design
3.3 Research Methodology
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