According to ChemAnalyst report, “Indian Glacial Acrylic Acid Market Analysis: Demand & Supply, End-User Industries, Sales Channel, Regional Demand, Company Share, Foreign Trade, FY2015-FY2035”, The Indian India Glacial Acrylic Acid (GAA) Market is anticipated to reach a demand of approximately 42 thousand tonnes in 2035 at an expected CAGR of 4.27% by the FY2035. Major end-use industries responsible for the growth of India Glacial Acrylic Market are Water Treatment, Detergent, Paints and Coatings, and others, which may lead to growth of glacial acrylic acid demand during the forecast period.
Glacial Acrylic Acid is a colourless chemical with the chemical formula CH2=CHCOOH. This unsaturated carboxylic acid copolymer is used for manufacturing primary acrylate esters and salts, methyl acrylate and ethyl acrylate. Glacial acrylic acid can be used to produce salts, anhydrides, acid chlorides, and esters are just a few chemical properties. Glacial acrylic has numerous applications like thickeners, adhesives, scale inhibitors, vehicle paints, floor polish, leather finishes, adhesives, paints, lacquers, and textiles.
The expansion of the India Glacial Acrylic Acid Market will be due to the rising demand for economical water treatment methods. The primary demand is expected from the wwater treatment sector. Paints & Coatings industry will be creating more demand of Acrylic Aid in the forecast period due to the expanding demand for coatings in the paper and automotive sectors.
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Glacial Acrylic Acid is not yet produced domestically in India and all the demands are fulfilled by the means of export. This increases the scope of domestic companies to enter the GAA market within the projection period. The significant importers include BASF SE, Arkema SA, Jiangsu Sammu Group, and Satellite Chemical Co. Ltd.
The India Glacial Acrylic Acid Market is segmented based on end-use, sales channel, and region. Based on the end-user industry, the India Glacial Acrylic Acid Market is segregated into Water Treatment, Detergent, Paintings and Coatings, and others. The Water Treatment industry is the largest consumer of Glacial Acrylic Acid Market and is anticipated that this industry will maintain its dominance in the forecast period. The primary consumer of Glacial Acrylic Acid in India is SNF India Pvt Ltd/ SNF Flopam India Pvt Ltd, with two operational sites in India, one in Vishakhapatnam (Andhra Pradesh) and the second one in Kutch (Gujarat).
Indian Glacial Acrylic Acid market is divided into four regions based on regional consumption: West, South, North, and South. West India displayed a remarkable GAA consumption during FY2015- FY2020 and accounted for a market share of about 64% in FY2021. It is anticipated that western region will maintain its position in the forecast period.
“Indian Glacial Acrylic Acid Market Analysis: Demand & Supply, End-User Industries, Sales Channel, Regional Demand, Company Share, Foreign Trade, FY2015-FY2035” BASF SE, Arkema SA, Jiangsu Sammu Group, and Satellite Chemical Co. Ltd. Are the major importers of Glacial Acrylic Acid in India.
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“The rapidly increasing demand for water treatment methods is expected to drive the India Glacial Acrylic Acid Market in the forecast period until FY2035. In the forecast period, acrylic acid will be extensively utilized for water treatment purpose. It is a result of the need of economical water treatment methods which are environment-friendly and cost-effective contributing to its demand. Also, the growing demand for coatings in the paper, automotive, is expected to expand the Glacial Acrylic Acid market in India in the forecast period.“Said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm promoting ChemAnalyst worldwide.
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