Acrylic Acid companies

  • Report ID: 5161
  • Published Date: May 23, 2025
  • Report Format: PDF, PPT

Companies Dominating the Acrylic Acid Landscape

    The global acrylic acid market is mainly driven by increasing demand for superabsorbent polymers (SAP) in personal care products. Companies leverage their large-scale manufacturing capabilities, natural distributor networks, and hold large shares in the marketplace. The most common strategic initiatives that industry leaders employ to sustain their competitive advantages in the acrylic acid market are expanding their production capacity, technology advancement, and innovation towards sustainability. The initiatives of the competitive set represent the industry's larger objectives, moving towards sustainability and innovation, which helps sustain long-term growth and meet changing legal obligations. Here is the list of companies operating in the market.

    Some of the key players operating in the market are listed below:

    Company Name

    Country of Origin

    Estimated Market Share (%)

    BASF SE

    Germany

    15.1%

    The Dow Chemical Company

    United States

    12.1%

    Nippon Shokubai Co., Ltd.

    Japan

    10.1%

    Arkema S.A.

    France

    8.1%

    LG Chem Ltd.

    South Korea

    7.1%

    Formosa Plastics Corporation

    Taiwan

    xx%

    Sasol Limited

    South Africa

    xx%

    Evonik Industries AG

    Germany

    xx%

    Shanghai Huayi Acrylic Acid Co., Ltd.

    China

    xx%

    Wanhua Chemical Group Co., Ltd.

    China

    xx%

    Zhejiang Satellite Petrochemical Co., Ltd.

    China

    xx%

    Hexion Inc.

    United States

    xx%

    Indian Oil Corporation Ltd.

    India

    xx%

    Reliance Industries Limited

    India

    xx%

    Here are a few areas of focus covered in the competitive landscape of the market:

    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis

Browse key industry insights with market data tables & charts from the report:

Frequently Asked Questions (FAQ)

The acrylic acid market size was USD 12.4 billion in 2024.

The global acrylic acid market size was USD 12.4 billion in 2024 and is likely to reach USD 23.8 billion by the end of 2037, expanding at a CAGR of 5.2% over the forecast period, i.e., 2025-2037.

BASF SE, The Dow Chemical Company, LG Chem Ltd., Arkema S.A., Formosa Plastics Corporation, Evonik Industries AG, Sasol Limited, Shanghai Huayi Acrylic Acid Co., Ltd., SIBUR International GmbH, Wanhua Chemical Group Co., Ltd., and Indian Oil Corporation Limited are some key players in the market.

The acrylic polymers segment is expected to hold a leading share during the forecast period.

Asia Pacific is projected to offer lucrative prospects with a share of 38.2% during the forecast period.
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