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Global Acrylic Acid Market expected to grow by over 6.5% - Report

The global acrylic acid market has witnessed strong growth in the recent years due to rising demand from super absorbent polymers and adhesives and sealants industry.

Transparency Market Research has released a new market report titled "Acrylic Acid Market (Acrylate Esters, Glacial Acrylic Acid & Others) for Superabsorbent polymers & Surface Coatings, Adhesives and Sealants, Textiles, Plastic Additives & Printing Ink Applications - Global Industry Analysis, Size, Share, Growth and Forecast, 2012 - 2018," which observes that the demand for acrylic acid that was over US$ 13.6 billion in 2012 is expected to increase to US$ 20.0 billion by 2018, growing at a CAGR of 6.5% from 2012 to 2018.

Super absorbent polymers are compounds of glacial acrylic acid mainly used in disposable hygiene applications. It is used in manufacturing baby diapers and training pants, adult diapers and feminine hygiene products. This application of acrylic acid is witnessing a sharp growth across all emerging economies.

Methyl acrylate, ethyl acrylate, butyl acrylate, and 2-ethylhexyl acrylate are the key types of acrylic esters and are most widely used in surface coatings, adhesives and sealants, textiles, plastic additives, printing ink, etc. However, it is expected to exhibit slowest growth among all derivatives of the acrylic acid during the forecast period