Middle East and Africa Glacial Acrylic Acid Market

Market Introduction

The Middle East & Africa region includes countries such as South Africa, Saudi Arabia, UAE, and the rest of the Middle East & Africa. The region is expected to witness an increase in urbanization, which would further fuel the manufacturing sectors. The Gulf countries are economically developed countries, whereas the African countries are yet to match up to the economic conditions of the Gulf countries and lag far behind. The harsh weather conditions of the desert, lack of unskilled laborers, and high labor wages in the region act as huge hindrances in the development of the region. However, urbanization in the Middle Eastern is transforming the outlook of countries. Middle Eastern countries look ahead for the adoption of advanced technologies and stand amongst the most highly urbanized region. Responding towards a shift occurring in global economic power has positioned the Middle East firmly as the world’s fastest-growing market, including Dubai and Abu Dhabi, with an aim to turn into global hubs.

South Africa recorded the highest COVID-19 cases in the Middle East & Africa, followed by Saudi Arabia and the UAE. The UAE is the first country in the region to report the first confirmed case of COVID-19. Due to lockdown in Middle East & African countries, various chemicals & materials companies remain closed, which led to the reduction in the sale of various products. As a result, the crisis is restraining the growth of the glacial acrylic acid market in the region. 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 Middle East & Africa is expected to grow US$ 61.70 million in 2021 to US$ 75.46 million by 2028; it is estimated to grow at a CAGR of 2.9% from 2021 to 2028. Glacial acrylic acid (2-Propenoic Acid) is a clear and colorless liquid with an acrid odor that is miscible with alcohol, water, and ethers. It is utilized in the composition of polymers and acrylate esters and as a feedstock for chemical syntheses. Glacial acrylic acid has various properties such as good weathering, flexibility, adhesion, hardness, and resistance to abrasion. The acid is utilized as an additive in various copolymer-based finishes, adhesives, coatings, inks, lubricants, and plastics. Besides, it is also used in a range of esters for drilling fluids, water treatment chemicals, detergent builders, mineral processing chemicals, and superabsorbent polymers. As a superabsorbent polymer, glacial acrylic acid is used to produce diapers and other hygiene products. Also, the acid can be copolymerized with acrylamides that acts as a flocculant in water purification. Moreover, glacial acrylic acid finds applications in several other end-products such as leather, textile, floor polish, scale inhibitors, plastics, hair styling, finishing products, paints, dispersants, vehicle paint, and thickeners. Thus, the wide application of glacial acrylic acid is anticipated to bolster its demand in end-use industries such as nappies; adult & feminine hygiene; detergents; adhesives, coatings & sealants; water treatment; and others during the forecast period.

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 Middle East & Africa 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; NIPPON SHOKUBAI CO., LTD.; and Formosa Plastics Corporation among others.

Reasons to buy report

• To understand the Middle East & Africa glacial acrylic acid market landscape and identify market segments that are most likely to guarantee a strong return
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• Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form Middle East & Africa glacial acrylic acid market
• Obtain market revenue forecast for market by various segments from 2021-2028 in Middle East & Africa region.

Middle East & Africa Glacial Acrylic Acid Market Segmentation

Middle East & Africa Glacial Acrylic Acid Market – By

Application

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

Middle East & Africa Glacial Acrylic Acid Market – By

Country

• South Africa
• Saudi Arabia
• UAE
• Rest of MEA

Middle East & Africa Glacial Acrylic Acid Market – Companies Mentioned

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

Middle East and Africa Glacial Acrylic Acid Strategic Insights

Strategic insights for the Middle East and Africa 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.

Middle East and Africa Glacial Acrylic Acid Report Scope

Middle East and Africa Glacial Acrylic Acid Regional Insights

The geographic scope of the Middle East and Africa 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.