The increase in demand for acrylate esters and superabsorbent polymers is the major driver for the growth of the global acrylic acid market.
LONDON: The procurement research report on the acrylic acid market is a crucial part of SpendEdge’s chemicals category portfolio and offers an all-inclusive analysis of the key factors influencing the procurement decisions, supply market, pricing models, and procurement best practices. Furthermore, it also offers an in-depth analysis of the supply chain management, key market developments, and demand-supply shifts to help sourcing and procurement experts make smart procurement decisions.
Superabsorbent polymers are manufactured using acrylic acid along with sodium hydroxide which is used to absorb water and other aqueous solutions. These are used in end-user applications such as diapers, female hygiene products, and adult incontinence products. With the increase in demand for diapers and changing lifestyles and increase in disposable income in emerging economies such as China and India, the market growth for the global acrylic market is at a fast pace.
“Purchasing managers must engage with suppliers that invest in R&D activities to enhance their manufacturing processes,” says Anil Seth, a chemicals industry procurement research specialist at SpendEdge. “This is because better manufacturing processes can help improve production efficiency and quality of end-product,” added Anil.
Acrylic acid is a hazardous and highly toxic chemical, suppliers of acrylic acid need to comply with various regulatory norms such as EHS laws. However, long supply chains and lack of in-house expertise make it difficult for purchasing managers to conduct continuous audits that help in monitoring compliance with these requirements.
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This procurement report on the acrylic acid market offers insights on:
- Supply markets, growth drivers, trends, and imminent restraints
- Key suppliers and assessment of their capabilities
- Procurement best practices
- Negotiation strategies and cost-saving opportunities
- Pricing models and category innovations
- For a comprehensive, detailed list, view our full report
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