According to a recently published report about the Asian and Pacific acrylic acid market, it was equal to 284 thousand tons in 2013. The largest country market within the region was Singapore, which in 2013 accounted for a share of 27% of the total in volume terms. Until 2023, the Asian and Pacific market is forecast to reach 593 thousand tons, thus growing at a CAGR of about 10.7% per annum in the period 2018-2023. This is a significant increase, compared to the growth at a CAGR of around 3.2% per year, registered in 2013-2017.
The analytical research projects that the Asian and Pacific production of acrylic acid is likely to grow to around 485 thousand tons in the medium term. Upward dynamics of the overall installed production capacities and their annual average utilization rates are also expected. In addition, the market is forecast to remain relatively balanced in terms of supply and demand, also showing moderately upwards dynamics in the medium term.
As an overall, the report presents a strategic analysis of the acrylic acid market in Asia and Pacific and a forecast for its development in the medium term. It provides a comprehensive overview of the market, its dynamics, structure, characteristics, main players, production capacities, trends, prices, production, imports, exports, growth and demand drivers, and all other important factors, influencing its development. The report focuses on both product and country breakdown, offering a larger perspective on the regional market dynamics as well as information on each individual country within the region.
The research report has been prepared using the unique Williams and Marshall Strategy’s methodology, including a blend of qualitative and quantitative data. The information comes from official sources and insights from market experts (representatives of the main market participants), gathered by semi-structured interviews. This report will allow its readers to quickly and cost–effectively get a strategic analysis and gain competitive intelligence about the market and to track market data, including size, value, segmentation, forecasts, dynamics and structure – past, present and future. In addition, the readers will be able to strategically assess the competitive position of the main market players, explore and identify new market opportunities in the countries within the region, recognize key market trends, opportunities and threats and key drivers behind recent market changes as well as strategically evaluate market growth potential.
The report includes information on the following companies:
• Bharat Petroleum Corporation;
• Indian Oil Corporation;
• Nippon Shokubai Indonesia;
• Basf Petronas Chemicals;
• Singapore Acrylic.
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