According to ChemAnalyst report, “India Crude Acrylic Acid Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End Use, Distribution Channel, Region, Company Share, Foreign Trade, FY2015-FY2035”, The Indian India Crude Acrylic Acid Market is likely to reach around 380 thousand tonnes by FY2035, at a CAGR of 5.71% during the forecasted period. The end-use industries like Water Treatment, Detergent, Paper, Acrylate Ester, Super Absorbent Polymer (SAP) are anticipated to grow the India Crude Acrylic Acid Market in the upcoming times. Super Absorbent Polymers (SAP) will be the fastest growing sector in the forecasted period due to their absorbing properties and application in producing sanitary napkins and diapers.
Catalytic oxidation of propylene is the main method for producing acrylic acid. Acrolein serves as a quick-acting intermediate in the two-stage selective oxidation of propylene to produce acrylic acid. This exothermic process takes place in a fixed bed reactor using mixed tantalum, arsenic, and molybdenum oxide as a catalyst. The reaction occurs at temperatures between 310 and 2500 degrees Celsius. Crude Acrylic Acid and its derivatives have numerous applications like paints, adhesives, textiles, special coatings, ink industries, and paper industries.
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There is only one sole manufacturer of crude acrylic acid in India, Bharat Petroleum Corporation Limited (BPCL), located in Kochi, India. This plant was inaugurated by the Prime Minister of India on 14th February 2021. This plant holds an annual operational capacity of 160KTPA. Before the setting up of this plant, India's need for acrylic acid was entirely met by conducting imports.
The expansion of the India Crude Acrylic Acid Market will be due to soaring demands for economical water treatment methods. Apart from that, the growth of the market is expected in the forecasted years due to SAP. SAP holds excellent absorbing properties opening a whole array of applications. SAP makes a perfect material for manufacturing hygiene products like sanitary napkins to non-hygiene applications like agriculture, construction, horticulture, and civil engineering.
The India Crude Acrylic Acid Market is segmented based on end-use, sales channel, and region. Based on the end-uses, the India Crude Acrylic Acid Market is segregated into Water Treatment, Detergent, Paper, Acrylate Ester, Super Absorbent Polymer (SAP), and others. The acrylate ester industry is the largest industry with the highest Crude Acrylic Acid Market consumption. It is most likely that this acrylic ester market will remain the biggest acrylic acid consumer during the forecast period to fulfil the needs of industrial coatings and adhesives in the country.
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Indian Crude Acrylic Acid market is segregated into four regions based on regional consumption: West, South, North, and South. West India showcased increased consumption between FY2015- FY2020 due to the location of most acrylic acid-consuming firms in this area. However, the South's acrylic acid market is expected to be the largest consumer by FY2022.
“India Crude Acrylic Acid Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End Use, Distribution Channel, Region, Company share, Foreign Trade, FY2015-FY2035 Bharat Petroleum Corporation Limited (BPCL), located in Kochi, India, is the only manufacturer of acrylic acid in India.
“The rapidly increasing demand for water treatment and Super Absorbent Polymer (SAP) is expected to boost the India Crude Acrylic Acid Market in the forecast period until FY2035. In the forecast period, acrylic acid will be utilized to synthesize the Super Absorbent Polymers. SAP displays amazing absorbing properties and can be used for hygiene and unhygienic applications. Moreover, acrylic acid can be used for economical water treatment which will result in expansion of Crude Acrylic Acid market in the upcoming times. The demand for Crude Acrylic Acid is anticipated to surge in the near term due to BPCL upcoming facility to produce Super Absorbent Polymer in India. “Said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm promoting ChemAnalyst worldwide.
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