Indian Glacial Acrylic Acid (GAA) market has enormously expanded to reach around 25 thousand tonnes in FY2022 and is anticipated to grow at a CAGR of 4.27% during the forecast period until FY2035.
Glacial Acrylic Acid is a clear and colourless liquid with the chemical formula CH2=CHCOOH with a characteristic pungent odour. It is an unsaturated carboxylic acid copolymer used in the chemical industry to manufacture primary acrylate esters and salts. Glacial Acrylic Acid turns into lower alkyl acrylates like methyl acrylate and ethyl acrylate by acid-catalysed esterification reaction It is a building block for producing cross-linked acrylic copolymers and polyacrylic acids. Glacial acrylic acid has various industrial applications such as textile, floor polish, leather finishes, paints, lacquers, adhesives, scale inhibitors, hair styling, vehicle paint, thickeners, etc.
Currently, there are no domestic manufacturers of Glacial Acrylic Acid in India. As a result, all the need for this product is met by exporting. This creates an opportunity for domestic companies to enter the production of GAA market during the forecast period. As of FY2023, no new company has been announced to produce Glacial Acrylic Acid in India.
The demand for Glacial Acrylic Acid in India is expected to reach approximately 42 thousand tonnes in FY2035 at an expected CAGR of about 4.27%. Currently, there are no domestic manufacturers of Glacial Acrylic Acid in India. There is a vast scope for the growth potential of India Glacial Acrylic Acid market in the coming years.
Based on the region-wise consumption, the Glacial Acrylic Acid market is segmented into West, South, North, and South. Although during the FY2015-FY2021, west India displayed the highest consumption among the other regions. This region accounted for a market share of about 64% in and is expected to maintain its position in the forecast period.
Based on the end-use industry, the Indian Glacial Acrylic Acid market is segmented into Water Treatment, Detergents, Paintings and Coatings, and others. The Water Treatment end-user held a market share of about 50% in the FY2021. The major consumer of Glacial Acrylic Acid in India is SNF India Pvt Ltd/ SNF Flopam India Pvt Ltd with its two operational sites in India, one situated in Vishakhapatnam (Andhra Pradesh) and second one in Kutch (Gujarat). It is anticipated that the Water Treatment industry will dominate the India Glacial Acrylic Acid market in the forecast period as well.
BASF SE, Arkema SA, Jiangsu Sammu Group, and Satellite Chemical Co. Ltd. are the major importers of Glacial Acrylic Acid in India.
Years considered for this report:
Historical Period: FY2015-FY2021
Base Year: FY2022
Estimated Year: FY2023
Forecast Period: FY2024- FY2035
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Objective of the Study:
• To assess the demand-supply scenario of Glacial Acrylic Acid which covers production, demand, and supply of Glacial Acrylic Acid market in India.
• To analyse and forecast the market size of Glacial Acrylic Acid in India.
• To classify and forecast India Glacial Acrylic Acid market based on end-use and regional distribution.
• To examine competitive developments such as expansions, green field projects/ brown field expansions, mergers & acquisitions, etc., of Glacial Acrylic Acid market in India.
To extract data for India Glacial Acrylic Acid market, primary research surveys were conducted with Glacial Acrylic Acid manufacturers, suppliers, distributors, wholesalers and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for India Glacial Acrylic Acid market over the coming years.
ChemAnalyst calculated Glacial Acrylic Acid demand in India by analyzing the historical data and demand forecast which was carried out considering the imports and domestic production coupled with demand from end user industry. ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data / import data of Glacial acrylic acid to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
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Key Target Audience:
• Glacial Acrylic Acid manufacturers and other stakeholders
• Organizations, forums and alliances related to Glacial Acrylic Acid distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Glacial Acrylic Acid manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, India Glacial Acrylic Acid market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Attribute
Details
Market size Volume in FY2022
25 thousand tonnes
Market size Volume by FY2035
42 thousand tonnes
Growth Rate
CAGR of 4.27% from FY2024- FY2035
Base year for estimation
FY2022
Historic Data
FY2015-FY2021
Forecast period
FY2024- FY2035
Quantitative units
Demand in thousand tonnes and CAGR from FY2022 to FY2035
Report coverage
Industry Market Size, Capacity By Company, Capacity by Location, Production by Company, Demand by End- Use, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Company Share, Foreign Trade
Segments covered
By End-Use: (Water Treatment, Detergent, Paints & Coatings, and others)
By Sales Channel: (Direct Sale and Indirect Sale)
Regional scope
North America, Europe, Asia Pacific, Middle East and Africa, and South America.
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What is the expected Indian market size of Glacial Acrylic Acid (GAA) in terms of volume for FY2023?
Ans:
The Indian market size of Glacial Acrylic Acid (GAA) is expected to reach approximately 26 thousand tonnes by 2022, and it is expected to further expand with a CAGR of 4.27% %.
Q2.
What are the major end-use industries of Glacial Acrylic Acid (GAA)?
Ans:
Glacial Acrylic Acid (GAA) is used in a wide range of end use industries including Water Treatment, Detergent, Paints & Coatings, and others.
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