Acrylic acid production capacity continues to increase, and most of the world’s new production capacity is concentrated in China

Acrylic acid is an unsaturated carboxylic acid composed of a vinyl group and a carboxyl group. Pure acrylic acid appears as a colorless, clear liquid with a characteristic pungent odor and is miscible with water, alcohol, ether and chloroform. Acrylic acid is an important organic synthetic raw material and synthetic resin monomer. It can be used to produce methyl acrylate, hydroxyethyl ester, synthetic resin, synthetic fiber, super absorbent resin and other products. It is widely used in building materials, coatings, automobiles, machinery, and home appliances. and other fields.

According to the “2021-2025 Global Acrylic Industry In-depth Market Research and Key Area Research Report released by the Industrial Research Center, at this stage , the global acrylic acid production capacity reaches about 9.6 million tons/year. Globally, my country is the main producer of acrylic acid, accounting for about 42% of its production capacity. Due to factors such as production technology and technology research and development, my country’s acrylic acid is mainly crude acrylic acid, and high-purity acrylic acid and polymer-grade acrylic acid production capacity account for a relatively small proportion. From this point of view, the structure of my country’s acrylic acid industry needs to be further optimized.

In the international market, acrylic acid suppliers include Evonik of Germany, BASF of Germany, Dow Chemical of the United States, Arkema of France, Mitsubishi Chemical of Japan, LG Chemical of South Korea, etc. In the domestic market, acrylic acid suppliers mainly include Jiangsu Jurong Chemical , Zhejiang Satellite Petrochemical, Yangzi BASF, Wanhua Chemical, Jiangsu Sanmu and other enterprises. In the future, the new global acrylic acid production capacity will mainly be concentrated in China. As domestic new and planned projects come into operation, my country’s share of the global acrylic acid market will further increase.

Affected by the COVID-19 epidemic, foreign acrylic acid orders have gradually moved domestically. Due to the suspension of production and maintenance by some domestic companies, the acrylic acid market has shown a tight supply situation. Against this background, the market price of acrylic acid has gradually increased. Entering 2021, the market price of acrylic acid has been rising. In July 2021, the market price of acrylic acid reached 15,000 yuan/ton, setting a new high in 2021. The current domestic acrylic acid market price still maintains a high level.

my country is a major producer and consumer of acrylic acid in the world. From the perspective of production capacity distribution, my country’s acrylic acid production capacity is mainly concentrated in East China, South China and other regions. From the consumer side, the downstream consumption of acrylic acid is mainly concentrated in coatings, adhesives, textiles, plastic additives and other fields. Among them, the combined consumption of coatings and adhesives accounted for more than 66%.

Industry analysts said that as an organic synthetic raw material, acrylic acid has a wide range of downstream applications. With the growth of my country’s economy, the size of the acrylic acid market is constantly expanding. . At this stage, my country has become the world’s major producer and consumer of acrylic acid, and most of the world’s new acrylic acid production capacity is concentrated in my country. In the future, as relevant planned and under-construction projects come into operation, my country’s share of the global acrylic acid market will further increase.