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Acrylic Acid Market To Reach USD 20.19 Billion By 2027 | Reports and Data

New York, Aug. 11, 2020 (GLOBE NEWSWIRE) -- The GlobalA Acrylic Acid MarketA is forecast to reach USD 20.19 Billion by 2027, according to a new report by Reports and Data. Rising demand in the personal care market for superabsorbent polymers is expected to fuel growth over the projected period. Expanding use is also likely to shape the market in the manufacturing of surfactants, surface coatings, and adhesives & sealants. The rising demand for glacial acrylic acid (GAA) in the manufacture of superabsorbent polymers (SAP) is projected to be a primary factor influencing the market growth. Increasing SAP reach in niche segments involving adult incontinence, water treatment additives, and radiation treated coatings is anticipated to play an important role in the market growth in emerging economies in the Asia Pacific and Central & South America.The driving forces for growth are rising demand for superabsorbent polymers, widespread acceptance of acrylic-based products in developing nations like the Asia Pacific, and increasing industrial sectors such as adhesives and sealants. Industries are designing and selling petrochemical technologies for manufacturing it. Instead of globally growing oil prices, producers use bio-based methods to generate this unsaturated carboxylic acid and acrylates from natural materials such as glycerol, sugar, and other things. Renewable feedstock provides favorable cost outcomes for competing with petrochemical routes.Owing to growing environmental issues in regions such as North America and Europe, stringent regulatory controls are placed on the use of this organic compound to preserve the atmosphere and discourage occupational exposure. Its development is limited because of the possible restrictions. The manufacturers focus on research and development to discover the bio-based roots to boost market growth.Get FREE Sample Copy with TOC of the Report to understand the structure of the complete report@ https://www.reportsanddata.com/sample-enquiry-form/3399COVID-19 Impact Analysis:
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