Europe Glacial Acrylic Acid Market

Market Introduction

The market for the Europe region includes Germany, France, Italy, the UK, Russia, and the rest of Europe. Economically strong countries such as the UK, Germany, France, and rest of Europe have been witnessing significant growth in the glacial acrylic acid market. This growth of this market is attributable to the rising application of glacial acrylic acid in nappies; adult & feminine hygiene; detergents; adhesives, coatings & sealants; water treatment; and others. Besides, the chemical industry contributes a major share to the GDP of the region. This industry is supporting the growth of the economy by assisting with various materials to be used in end-use applications that result in the creation of a diversified array of business opportunities and services.

In Europe, as per Statista, France recorded the highest number of COVID-19 cases as of June 2021. Also, Russia, UK, Italy, and Germany have been hit hard and are expected to suffer an economic hit due to the lack of revenue from various industries. European countries have implemented drastic measures and travel restrictions, including partially closing their borders. This scenario is hindering the growth of the glacial acrylic acid market in Europe. The ongoing COVID-19 pandemic has drastically altered the status of the glacial acrylic acid market and has negatively impacted its growth. The outbreak has declined operational efficiency and interrupted the value chains owing to the sudden closure of national and international boundaries, thereby creating revenue loss and damage. The disruptions in value chain has restricted the supply of raw material, which, in turn, is hindering the growth of the market and affecting the development of the end-use industries. However, as the economies are planning to revive their operations, the demand for glacial acrylic acid is expected to rise globally in coming months. With the growing consciousness toward sustainability and diversification of application bases in post-pandemic times, the demand for glacial acrylic acid is expected to take huge leaps in the future.

Market Overview and Dynamics

The glacial acrylic acid market in Europe is expected to grow US$ 508.26 million in 2021 to US$ 700.28 million by 2028; it is estimated to grow at a CAGR of 4.7% from 2021 to 2028. Technological advancements are the key trend in the glacial acrylic acid market. Through effective research and development activities along with rise in investments by emerging and innovative players, paradigm shift has been observed in the technology associated with the market. The proprietary technology is a combination of tools, processes, or systems of interrelated connections, which belongs to a company or an individual, thereby providing a competitive advantage to the owners of proprietary technologies. With technological advancements, the manufacturers have identified great potential of deploying glacial acrylic acid in various applications. Also, they have significantly aligned their marketing strategies toward advanced product development along with complying to the trend of environment consciousness amongst consumers, which is expected to propel the growth of the glacial acrylic acid market in coming years.

Key Market Segments

In term of application, nappies segment held a larger market share of the glacial acrylic acid market in 2020.

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the glacial acrylic acid market in Europe are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are The Dow Chemical Company; Arkema; BASF SE; Sasol; Tasnee; Mitsubishi Chemical Corporation; NIPPON SHOKUBAI CO., LTD.; and Formosa Plastics Corporation among others.

Reasons to buy report

• To understand the Europe glacial acrylic acid market landscape and identify market segments that are most likely to guarantee a strong return
• Stay ahead of the race by comprehending the ever-changing competitive landscape for Europe glacial acrylic acid market
• Efficiently plan M&A and partnership deals in Europe glacial acrylic acid market by identifying market segments with the most promising probable sales
• Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form Europe glacial acrylic acid market
• Obtain market revenue forecast for market by various segments from 2021-2028 in Europe region.

Europe Glacial Acrylic Acid Market Segmentation

Europe Glacial Acrylic Acid Market – By

Application

• Nappies
• Adult & Feminine hygiene
• Detergents
• Adhesives, Coatings & Sealants
• Water Treatment
• Others

Europe Glacial Acrylic Acid Market – By

Country

• Germany
• France
• Italy
• UK
• Russia
• Rest of Europe

Europe Glacial Acrylic Acid Market – Companies Mentioned

• The Dow Chemical Company
• Arkema
• BASF SE
• Sasol
• Tasnee
• Mitsubishi Chemical Corporation                      
• NIPPON SHOKUBAI CO., LTD.
• FORMOSA PLASTICS CORPORATION

Europe Glacial Acrylic Acid Strategic Insights

Strategic insights for the Europe Glacial Acrylic Acid provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

Europe Glacial Acrylic Acid Report Scope

Europe Glacial Acrylic Acid Regional Insights

The geographic scope of the Europe Glacial Acrylic Acid refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.