Acrylic acid demand growth rate to hit 5% per year
Written by TD The Market Publishers LTD.   
March 29, 2007
Mar 29, 2007 -- /prbuzz/ -- According to Merchant Research & Consulting Ltd (UK) consulting agency, global acrylic acid production capacity will expand to 4m mt/y by 2009.

Russia is devoid of modern and ecologically-safe production of acrylic acid and its products. Meanwhile, over 1 million tons of acrylic products are sold worldwide and the demand for these products has been steadily growing. The Russian market demand for acrylic products is covered, though not fully, thanks to import.

According to the European Basic Acrylic Monomer Group (EBAM), acrylic esters are the main product derived from acrylic acid. They account for 55% of global demand. Acrylic acid serves as an industrial intermediate product, i.e. it is either processed directly into a polyacrylate or polymerised via the intermediate stage of an acrylate ester. Furthermore, acrylic acid is used as an ingredient and occurs as residual monomer in consumer products like adhesives, paints, binding agents and printing inks.

About half of the crude acrylic acid is processed to purified (glacial) acrylic acid, which is further processed both on-site (captive use) and by external downstream users. The other half of crude acrylic acid is transformed into various acrylate esters at the production sites. Identical to glacial acrylic acid, these acrylic esters serve as commercial products, which are further processed both on-site and by external downstream users. Glacial acrylic acid us used in the manufacture of superabsorbing polymers (SAP), which account for 32% of the global demand for acrylic acid.

Acrylic acid and basic alkyl esters (methyl, ethyl, butyl and 2-ethylhexyl esters) are used for the manufacture of polymer dispersions, adhesives, super absorbent polymers, flocculants, detergents, varnishes, fibres and plastics as well as chemical intermediates.

This market research report also features the following information:

World acrylic acid market, including the markets of Russia and other CIS countries;
Prices for acrylic acid and acrylates;
Acrylic acid market offers;
Main consumers of acrylic acid and acrylates;
etc.

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About the Press Release
According to Merchant Research & Consulting Ltd (UK) consulting agency, global acrylic acid production capacity will expand to 4m mt/y by 2009.


 
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