Acrylic
Acid and Esters: Growth In Derivatives
SRI Consulting Releases
Comprehensive Global Report
MENLO
PARK, CA. July 18, 2007 — Global
demand has increased for acrylic acid derivatives,
specifically acrylate esters used in the production
of surface coatings and Superabsorbent Polymers (SAPs)
for hygienic applications. Still, the growth
is being limited by the current global inventory of
crude acrylic acid. Today, SRI Consulting (SRIC)
released its new Acrylic Acid and Esters report
that provides current and comprehensive information
on the global Acrylic Acid, Acrylate Esters and SAP
industry including trends, supply and demand, and analysis
of the competitive environment.
Koon-Ling Ring, Program Director of SRIC’s
Chemical Economics Handbook (CEH) group said, “Due
to growing demand for acrylic acid derivatives led by SAPs,
many of the major producers have responded by expanding plants
and building new production facilities at key sites throughout
the world.” Ms. Ring continued, ”But, the growth
in derivatives will still outpace acrylic acid supply.”
SRIC’s new Acrylic Acid and Esters report
says that global acrylic acid capacity in 2006 is estimated
at 4.7 million metric tons, acrylate ester capacity at 4.3
million metric tons, and SAP capacity at 1.6 million metric
tons. World demand for crude acrylic acid is forecast
to grow at 3.7% annually from 2006-2011, while demand for
glacial acrylic acid is forecast to grow 4.1% annually from
2006-2011. Demand for commodity acrylates is forecasted
to grow at 3.7% annually from 2006-2011.
Lead Author and Senior Consultant James Glauser commented, “Hygienic
applications account for nearly 97% of all SAP consumption
with demand growing globally at 3-4% annually for the next
five years. Asia (excluding Japan), Latin America,
Eastern Europe and the Middle East lead this at 5-7% annually
while North America, Japan and Europe are at 2-3% annually. Adult
incontinence products will be the fastest growing segment
due to the world’s aging population.”
SRIC’s new Acrylic Acid and Esters report
says that the United States and Asia account for the largest
consumption of both acrylic acid and acrylate esters in the
world, followed by Western Europe and Japan. The largest
application for acrylate esters is the production of surface
coatings (48%), followed by adhesives and sealants (21%),
plastic additives and comonomers (12%), paper coatings, and
textiles. In the United States, surface coatings account
for 55% of acrylate ester consumption.
For additional information about the Acrylic Acid and
Esters report please contact Koon-Ling Ring at kring@sriconsulting.com,
+1 650 384 4359 or visit the website at www.sriconsulting.com.
About SRI Consulting (SRIC)
SRI Consulting (SRIC) is the world’s leading business
research service for the global chemical industry. Publishing
for almost 60 years, SRI Consulting is the preeminent source
for in-depth business and process analysis. This report
was developed by the Chemical Economics Handbook (CEH) group,
which provides evaluation of supply/demand relationships
and analysis of the industry competitive environment for
over 300 chemical products and product groups. SRI
Consulting's headquarters are located in Menlo Park, California
with offices in The Woodlands, Texas; Zürich, Switzerland;
Tokyo, Japan; and Beijing, China. SRI Consulting is
a division of Access Intelligence, LLC. Additional
information is available at www.sriconsulting.com.
SRI Consulting (SRIC) is a trade name and a registered trademark
of SRI International, used under license.
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