US outlook for

Acrylic Acid & Derivatives

with forecasts to 2006 and 2011

New study finds:

• Demand for acrylic acid in the United States will advance 4.2 percent
annually to 2.3 billion pounds in the year 2005, valued at $1.6 billion

• Demand for acrylic acid used to manufacture acrylate esters will increase
3.5 percent annually to 1.1 billion pounds in 2005. Acrylate esters are
used as the base acrylic monomer in a wide range of coatings, adhesives,
finishes for paper leather and textiles, and floor and wood polishes

• In 2000, there were four US producers of acrylic acid -- BASF, Celanese,

Dow Chemical, and Rohm and Haas. A fifth producer, American Acryl
(a joint venture of Total Fina Elf and Nippon Shokubai), is building a new
acrylic acid facility in Texas for the captive market, thus not affecting
merchant capacity
Freedonia Industry Study #1488 Study Publication Date: November 2001
Price: $3,500
Acrylic Acid & Derivatives Pages: 194

Acrylic Acid & Derivatives, a new study from The

Freedonia Group, provides you with an in-depth analysis
of major trends in the industry and the outlook for
product segments and major markets -- critical informa-
tion to help you with strategic planning.

This brochure gives you an indication of the scope, depth

and value of Freedonia's new study, Acrylic Acid & Deriva-
tives. Ordering information is included on the back page
of the brochure.

Brochure Table of Contents

Study Highlights ............................................................................... 2

Table of Contents and List of Tables and Charts ............................. 4
Sample Pages and Sample Tables from:
Market Environment/International Activity ................. 6
Acrylic Acid ................................................................. 7
Acrylate Esters and Acrylic Acid Polymers .................. 8
Industry Structure ........................................................ 9
Company Profiles ...................................................... 10
List of Companies Profiled ........................................ 11
Forecasting Methodology ............................................................... 12
About the Company ....................................................................... 13
Advantages of Freedonia Reports ................................................... 13
About Our Customers .................................................................... 14
Other Titles From Freedonia ......................................................... 15
Ordering Information ..................................................................... 16
 Study Highlights

• Demand for acrylic acid in the United States will

advance 4.2 percent annually to 2.3 billion pounds in
the year 2005, valued at $1.6 billion.

• Acrylic acid polymers will consume more than 1.2

billion pounds of acrylic acid. These polymers
include superabsorbant polymers (SAPs) used in baby
diapers, adult incontinence and feminine hygiene
products, detergent polymers and water treatment
polymers

• Demand for acrylic acid used to manufacture acrylate

esters will increase 3.5 percent annually to 1.1 billion
pounds in 2005. Acrylate esters are used as the base
acrylic monomer in a wide range of coatings, adhe-
sives, finishes for paper leather and textiles, and floor
and wood polishes.

• The supply of acrylic acid is expected to be ample

through 2005, the result of a number of capacity
additions in recent years. Even though increasing
demand through 2005 will eat into the extra capacity
currently online, supply shortages (which have
occurred occasionally in the past) are not expected.

• In 2000, there were four US producers of acrylic acid

-- BASF, Celanese, Dow Chemical, and Rohm and
Haas. A fifth producer, American Acryl (a joint
venture of Total Fina Elf and Nippon Shokubai), is
building a new acrylic acid facility in Texas for the
captive market, thus not affecting merchant capacity.

Acrylic Acid & Derivatives #1488 Freedonia Industry Study

2
Study Highlights Acrylic Acid Demand,
1995 Versus 2000

1200

1000

800

1995
600
2000

400

200

0
Acrylate Esters Acrylic Acid Polymers

Acrylic Acid Demand

(million pounds)
% Annual Growth
Item 1995 2000 2005 2010 00/95 05/00

Gross Domestic Product (bil 1996$) 7544 9224 10550 12100 4.1 2.7
lbs acrylic acid/mil $ GDP 202 207 222 238 -- --
SUMMARY TABLE
Acrylic Acid Demand 1521 1906 2340 2875 4.6 4.2
Acrylate Esters 829 927 1100 1310 2.3 3.5
Acrylic Acid Polymers 692 979 1240 1565 7.2 4.8
Superabsorbent Polymers 469 690 865 1080 8.0 4.6
Water Treatment Polymers 113 150 195 250 5.8 5.4
Detergent Polymers 57 71 90 110 4.5 4.9
Other Acrylic Acid Polymers 53 68 90 125 5.1 5.8

$/lb 0.60 0.63 0.67 0.72 1.0 1.2

Acrylic Acid Demand (mil $) 915 1200 1565 2075 5.6 5.4

© Copyright by The Freedonia Group, Inc.

Acrylic Acid & Derivatives #1488 Order form on last page

3

List of Contents,
Tables and Charts
I. EXECUTIVE SUMMARY
Summary Table ................................................................ 3
II. MARKET ENVIRONMENT
General .......................................................................... 4
Macroeconomic Environment .............................................. 5
Table - Macroeconomic Indicators .................................... 6
Consumer Spending Trends ................................................ 7
Table - Consumer Expenditures & Income ...................... 8
Demographic Trends ........................................................... 8
Table - Demographic Indicators ..................................... 11
Manufacturing Outlook ..................................................... 11
Table - Manufacturers’ Shipments .................................. 14
Historical Trends ................................................................ 14
Table - Acrylic Acid Market, 1990-2000 ....................... 16
Chart - Acrylic Acid Market, 1990-2000 ....................... 16
Pricing Trends .................................................................... 17
Table - Acrylic Acid Pricing Trends ................................ 19
Environmental & Regulatory Considerations ..................... 19
Feedstock Availability ......................................................... 21
Foreign Trade ..................................................................... 22
Table - Foreign Trade in Acrylic Acid ............................. 23
III. INTERNATIONAL ACTIVITY
General ........................................................................ 24
Acrylic Acid Capacity ......................................................... 25
Capacity by Region ........................................................ 25
Table - World Acrylic Acid Capacity by Region, 2000 ... 28
Chart - World Acrylic Acid Capacity by Region, 2000 ... 28
Capacity by Producer ..................................................... 29
Table - World Acrylic Acid Capacity
by Producer, 2000 .................................................... 31
Chart - World Acrylic Acid Capacity
by Producer, 2000 .................................................... 32
Acrylate Esters Capacity ...................................................... 32
Capacity by Region ........................................................ 32
Table - World Acrylate Esters Capacity
by Region, 2000 ....................................................... 34
Chart - World Acrylate Esters Capacity
by Region, 2000 ....................................................... 34
Acrylic Acid & Derivatives #1488
4
Capacity by Producer ..................................................... 35
Table - World Acrylate Esters Capacity
by Producer, 2000 .................................................... 36
Chart - World Acrylate Esters Capacity
by Producer, 2000 .................................................... 37
Acrylic Acid Polymers Capacity .......................................... 37
Capacity by Region ........................................................ 37
Table - World Acrylic Acid Polymers Capacity
by Region, 2000 ....................................................... 39
Chart - World Acrylic Acid Polymers Capacity
by Region, 2000 ....................................................... 39
Capacity by Producer ..................................................... 40
Table - World Acrylic Acid Polymers Capacity
by Producer, 2000 .................................................... 42
Chart - World Acrylic Acid Polymers Capacity
by Producer, 2000 .................................................... 42
Planned Capacity Additions ............................................... 43
Table - Planned Capacity Additions, 2000-2005 ........... 45
World Demand .................................................................. 46
Acrylic Acid Demand ...................................................... 47
Acrylate Esters Demand .................................................. 48
Acrylic Acid Polymers Demand ....................................... 48
IV. ACRYLIC ACID
General ........................................................................ 50
Chart - Acrylic Acid Industry Flowchart ......................... 51
Acrylic Acid Capacity ......................................................... 52
Table - Acrylic Acid Capacity by Producer, 2000 ........... 55
Chart - Acrylic Acid Capacity by Producer, 2000 ........... 55
Acrylic Acid Supply & Demand ......................................... 56
Table - Acrylic Acid Supply & Demand ......................... 57
Acrylic Acid Demand by Derivative .................................... 57
Table - Acrylic Acid Demand by Derivative .................... 58
Acrylate Esters ................................................................. 59
Table - Acrylate Esters Markets for Acrylic Acid
by Derivative ............................................................. 61
Chart - Acrylic Acid Demand in Acrylate Esters, 2000 .... 62
Butyl Acrylate ............................................................. 62
Table - Butyl Acrylate Market for Acrylic Acid ........ 63
Ethyl Acrylate ............................................................. 63
Table - Ethyl Acrylate Market for Acrylic Acid ........ 64
Ethylhexyl Acrylate ..................................................... 65
Table - Ethylhexyl Acrylate Market for Acrylic Acid .... 65
Other Acrylates ........................................................... 66
Table - Other Acrylates Markets for Acrylic Acid ..... 67
Acrylic Acid Polymers ..................................................... 67
Table - Polymer Markets for Acrylic Acid .................... 69
Superabsorbent Polymers ............................................ 69
Disposable Hygiene Products Outlook .................... 70
Freedonia Industry Study
 Plastics ..................................................................... 107
Table - Disposable Hygiene Products Sales .......... 72
Plastics Outlook ....................................................... 108
Acrylic Acid Demand .............................................. 72
Table - Plastics Production ................................... 109
Table - Superabsorbent Polymers Markets
Acrylate Esters Demand ........................................... 109
for Acrylic Acid .................................................. 75
Table - Plastics Markets for Acrylates .................... 111
Water Treatment Polymers ......................................... 75
Other Markets ............................................................. 111
Water Withdrawal Outlook ..................................... 76
Table - Other Markets for Acrylates ......................... 113
Table - Water Withdrawal Trends ....................... 77
Acrylic Acid Demand .............................................. 77
VI. ACRYLIC ACID POLYMERS
Table - Water Treatment Polymers Markets
General ..................................................................... 114
for Acrylic Acid .................................................. 79
Acrylic Acid Polymers Capacity ....................................... 115
Detergent Polymers ..................................................... 79
Table - Acrylic Acid Polymers Capacity, 2000 ............. 116
Soaps & Detergents Overview ................................. 80
Superabsorbent Polymers Capacity .............................. 116
Table - Soaps & Detergents Shipments ............... 81
Other Acrylic Acid Polymers Capacity ......................... 118
Acrylic Acid Demand .............................................. 81
Acrylic Acid Polymers Demand ....................................... 119
Table - Detergents Markets for Acrylic Acid ........ 82
Table - Acrylic Acid Polymers Demand ....................... 120
Other Acrylic Acid Polymers ....................................... 83
Chart - Acrylic Acid Polymers Markets, 2000 .............. 120
Table - Other Polymer Markets for Acrylic Acid ...... 83
Personal Care Products ................................................ 121
Table - Personal Care Products Markets
V. ACRYLATE ESTERS
for Acrylic Acid Polymers ....................................... 124
General ........................................................................ 84
Water Treatment ......................................................... 124
Acrylate Esters Capacity ...................................................... 85
Table - Water Treatment Markets
Table - Acrylate Esters Capacity by Producer, 2000 ....... 88
for Acrylic Acid Polymers ....................................... 126
Chart - Acrylate Esters Capacity by Producer, 2000 ....... 88
Soaps & Detergents ..................................................... 126
Acrylate Esters Supply & Demand ..................................... 89
Table - Soaps & Detergents Markets
Table - Acrylate Esters Supply & Demand ..................... 90
for Acrylic Acid Polymers ....................................... 128
Acrylate Esters Markets ....................................................... 90
Other Markets ............................................................. 129
Table - Acrylate Esters Markets ....................................... 91
Table - Other Markets for Acrylic Acid Polymers ..... 131
Chart - Acrylate Esters Demand by Markets, 2000 ......... 91
Paints & Coatings ........................................................... 92
VII. INDUSTRY STRUCTURE
Paints & Coatings Outlook ......................................... 92
Industry Concentration ................................................... 132
Table - Paints & Coatings Shipments ..................... 94
Market Share ................................................................... 134
Acrylate Esters Demand .............................................. 95
Acrylic Acid ................................................................. 134
Table - Paints & Coatings Markets for Acrylates ...... 97
Chart - Acrylic Acid Market Share, 2000 ................. 136
Textiles & Fibers ............................................................ 97
Acrylate Esters .............................................................. 137
Textiles Products Outlook .......................................... 97
Chart - Acrylate Esters Market Share, 2000 ............. 138
Table - Textile & Leather Industry Indicators ......... 99
Acrylic Acid Polymers ...................................................... 139
Acrylate Esters Demand .............................................. 99
Chart - Acrylic Acid Polymers Market Share, 2000 ...... 139
Table - Textiles & Fibers Markets
Table - US Acrylic Acid & Derivatives
for Acrylate Esters ............................................... 101
Sales by Company, 2000 ........................................... 140
Adhesives & Sealants ................................................... 101
Industry Sales .................................................................. 140
Adhesives & Sealants Outlook ................................. 102
Industry Restructuring .................................................... 141
Table - Adhesives & Sealants Shipments .............. 103
Table - Selected Acquisitions & Divestitures ................ 143
Acrylate Esters Demand ........................................... 103
Cooperative Agreements .................................................. 144
Table - Adhesives & Sealants Markets for Acrylates ... 104
Table - Selected Cooperative Agreements ..................... 145
Paper & Paperboard .................................................... 105
Marketing & Distribution ............................................... 147
Paper & Paperboard Outlook .................................. 105
Competitive Strategies ..................................................... 149
Table - Paper & Paperboard Production .............. 106
Company Profiles ..................................................... 151-194
Acrylate Esters Demand ........................................... 106
Table - Paper & Paperboard Markets for Acrylates .... 107

Acrylic Acid & Derivatives #1488 Order form on last page

5
 Market Environment/
International Activity
These Sections discuss factors influ-
encing acrylic acid and derivatives MARKET ENVIRONMENT
demand, including manufacturing
trends, industry regulations and Environmental & Regulatory Considerations
international activity.
Acrylic acid is a potentially hazardous chemical, particularly in terms of its
corrosive nature and propensity to emit dangerous fumes, and its handling, use,
This information provides you with an storage, transportation and disposal are subject to a range of federal and state
understanding and an analysis of the SAMPLE
regulations. A strong irritant, PAGE
acrylic acid is extremely corrosive, and can cause
rashes and burns on contact with the skin and burns in the lungs through the
climate in which the acrylic acid and
inhalation of vapors. Acrylic acid is usually inhibited during transport and storage
derivatives industry operates. in order to improve its stability. The inhibitor used is monomethyl ether of
hydroquinone. For some applications (primarily for conversion into polyacrylic
acids and salts), refrigerated shipments are used instead of an inhibitor. Acrylic
acid polymerizes readily in the presence of water, which accounts for its use in
superabsorbent polymers, as these
INTERNATIONAL polymers can absorb up to 20 times their weight
ACTIVITY
in water. This spontaneous polymerization also yields considerable heat, making
uninhibited transport a fire and explosion hazard.
Acrylic Acid Capacity by Region
The most serious safety hazards associated with acrylic acid are related to its
Total world acrylic acid capacity stood at instability
7.8 billion and its ability
pounds in the to spontaneously
year 2000. polymerize, with the evolution of
considerable
The majority of capacity is located in the developed heat and
regions pressure.
of the world, In particular,
such as sealed drums of acrylic acid can
SAMPLE PAGE
rupture
the United States, Western Europe and Japan, violently
although if spontaneous
capacity polymerization
is currently being occurs, creating explosion and fire
hazards.
established or is under consideration in a variety of The most common
developing nations causes
due to of spontaneous polymerization are heat and
contamination
growing demand. Currently, the US accounts with of
for 38 percent free radical-producing
total capacity, chemicals such as peroxides. Low
oxygen
Western Europe 28 percent, Japan 14 percent andlevels canofreduce
the rest the effectiveness of the inhibitor, which can also increase
the Asia/Pacific
region 16 percent. The remainder consiststhe
of probability of plants
several small an accident.
in Mexico and
Brazil; and some older facilities in Eastern Europe. The Africa/Mideast region is
Environmental
currently without acrylic acid capacity, although hazards associated
this is expected with
to change in theacrylic acid are comparable to a number of
near future. other chemicals, in that spills of liquid acrylic acid into lakes, rivers or streams and
the release of acrylic acid vapors into the air must be reported to federal and state
environmental
North America is the largest acrylic acid producing regionagencies. Acrylic
in the world, acid is a reportable chemical under the Compre-
accounting
for 38 percent of total capacity in the yearhensive
2000. Environmental Response,
The bulk of this capacity Compensation
is and Liability Act (CERCLA),
located in the United States, with one small plant operating in Mexico. Canada is
dependent upon imports (mostly from the US) for its supplies. There are four
producers in the region, several of whom (BASF, Rohm and Haas, and Celanese)
are among the largest in the world.

Rohm and Haas is the largest manufacturer of acrylic acid in North America; in
fact, the company’s Deer Park, Texas complex is the largest single acrylic acid

Acrylic Acid & Derivatives #1488 Freedonia Industry Study

6
Acrylic Acid

The Acrylic Acid Section provides

capacity data and demand by market ACRYLIC ACID

through the years 2005 and 2010.

Acrylic Acid Demand by Derivative - Ethyl Acrylate

This information helps you:

The consumption of acrylic acid in the manufacture of ethyl acrylate will
increase 2.8 percent annually to million pounds in the year 2005, valued at
• Analyze your company's $210 SAMPLE PAGE
million. Growth will accrue as the result of increasing production of ethyl
acrylate to serve the coatings, adhesives, paper and textiles markets. Gains in
growth potential in
ethyl acrylate production (and therefore acrylic acid consumption) have been
the industry. impeded in the past by concerns over the potential toxicity of ethyl acrylate.
However, in 1998, ethyl acrylate was removed from the Environmental
Protection Agency’s (EPA) list of potential carcinogens.
• Outline your strategic
plans for five and ten Ethyl acrylate is a soft and flexible acrylic monomer, although it is harder than
butyl acrylate, and is often mixed with butyl acrylate to give a slightly harder
years out.
finish. However, production of ethyl acrylate is generally affected more readily
than other acrylates in times of acrylic acid shortages, since it requires 0.72 pounds
• Establish sales goals. of acrylic acid per pound of acrylate, compared to butyl acrylate at 0.57 pounds of
acrylic acid per pound of acrylate.

Superabsorbent Polymers Markets for Acrylic Acid

(million pounds)

Item 1990 1995 2000 2005 2010

Disp Hygiene Prdts Sales (bil units) 35.5 40.2 43.9 48.6 54.2
lbs acrylic acid/000 units 7.3 11.7 15.7 17.8 19.9

Acrylic Acid in Superabsorbents 260 469 SAMPLE

690 TABLE
865 1080
Baby Diapers & Training Pants 218 377 527 625 740
Adult Incontinence Products 22 59 118 180 260
Feminine Hygiene & Other 20 33 45 60 80

$/lb 0.51 0.60 0.63 0.67 0.72

Acrylic Acid-Superabsorbents (mil $) 133 281 435 580 780

% superabsorbents 60.3 67.8 70.5 69.8 69.0

Acrylic Acid Demand-Polymers (mil lbs) 431 692 979 1240 1565
© Copyright by The Freedonia Group, Inc.

Acrylic Acid & Derivatives #1488 Order form on last page

7
 Acrylate Esters &
Acrylic Acid Polymers
These Sections analyze trends and
consider the threats and opportunities
for acrylate esters and acrylic acid
ACRYLATE ESTERS
polymers by market.

Paper & Paperboard - Acrylate Esters Demand

The information presented will
help you:
• Focus your sales and marketing
efforts on high growth areas.
• Propose new areas for development.
Demand for acrylates in paper and paperboard markets is forecast to increase 5.2
percent per year to 175 million pounds in the year 2005, valued at
$115SAMPLE PAGE of acrylate opportunities in the higher value
million. The concentration
paper grades will be primarily responsible for the gains, as this segment is expected
to be amongst the strongest performers in the industry. The major moderating
factors include competition from other paper fillers which perform some of the
same tasks and generally slow growth in overall paper and paperboard production.

Acrylates compete primarily with fillers such as talc, clay and calcium carbonate,
all of which also help to improve the gloss and water resistance of the product.
Since acrylates are more expensive than these other fillers, paper producers
frequently switch back and forth, or use a combination of fillers in order to create
high quality papers at the lowest unit cost. Hybrid products such as vinyl acetate-
acrylic emulsion polymers and styrene-acrylic copolymers will create new outlets
for acrylates, although some of this will certainly cannibalize existing demand.

Water Treatment Markets for Acrylic Acid Polymers

(million pounds)

Item 1990 1995 2000 2005 2010

Total Water Withdrawal (tril gals) 96.4 94.6 95.3 94.2 93.8
lbs polymer/mil gals 1.4 2.1 2.9 4.0 5.2
SAMPLE TABLE
Acrylic Acid Polymers in Water 135 197 275 375 485
Industrial 116 171 241 330 430
Nonindustrial 19 26 34 45 55

$/lb 2.13 2.19 2.31 2.43 2.58

Acrylic Acid Polymers in Water (mil $) 288 431 635 910 1250
© Copyright by The Freedonia Group, Inc.
% water treatment 22.1 20.4 20.1 21.4 22.0
Acrylic Acid Polymers Demand (mil lbs) 610 965 1369 1755 2205

© Copyright by The Freedonia Group, Inc.

Acrylic Acid & Derivatives #1488 Freedonia Industry Study

8
Industry Structure
Sample page from
Freedonia Industry Study
Gain
#1117a better understanding
Fractional of your
Horsepower
competition and analyze your
company's position in the industry with
information about:
• industry concentration
• market share
• competitive strategies
• acrylic acid polymers
• industry sales
• industry restructuring
• cooperative agreements
• marketing & distribution
Acrylic Acid & Derivatives #1488
Motors
INDUSTRY STRUCTURE
Competitive Strategies
Competitors in the US acrylic acid industry utilize several competitive strategies,
including low cost leadership, vertical integration, globalization and product
differentiation. Each of these strategies is utilized by one or more companies in
the industry.
Low cost leadership strategies are based on the aggressive pursuit of manufacturing
efficiencies in order to reduce manufacturing costs. This strategy typically entails
SAMPLE
energy and raw materials savings, economiesPAGE
of scale, favorable agreements with
raw materials suppliers, vertical integration and control of overhead costs. This
sometimes involves avoiding small, low-volume customers and limiting product
research and development. A low cost leadership strategy can provide producers
with a defense against competitors because the lower cost producer can still record
a positive return while the next lowest cost producer loses money. This is
common throughout the industry, where virtually all producers are engaged in the
pursuit of increased operating efficiencies. Those producers with extensive
operations, which can reduce manufacturing costs on a per pound basis through
economies of scale, can therefore better afford to sell their product at a lower
price.
Vertical integration refers to the advantages derived from being involved in an
industry from raw materials through the manufacture of higher-value end-use
products. This is commonplace, as all four producers of acrylic acid are forward-
integrated into acrylate esters, and Dow and BASF are forward-integrated into
superabsorbent polymers. This gives them a secure source of acrylic acid for
acrylates and superabsorbents production, as well as an assured market for some
of their acrylic acid production. The importance of this vertical integration is
such that an acrylic acid plant is virtually never built at all unless there is an
associated derivatives facility (either acrylates or superabsorbent polymers) built
Order form on last page
9
 Company Profiles
The Profiles Section analyzes 24
companies active in the U.S. acrylic
acid and derivatives market. These
profiles represent a sampling or cross-
section of the types of companies
involved in the industry.
Divisions, subsidiaries, joint
ventures, etc., are discussed under
appropriate parent companies.
Sources for profiles included:
• Information provided by
key staff members in the
respective companies
• Annual reports
• 10-K reports
• Security analysts reports
• Corporate product literature
© Copyright by The Freedonia Group, Inc.
Acrylic Acid & Derivatives #1488
10
COMPANY PROFILES
Nippon Shokubai Company Limited
Kogin Building
1-1, Koraibashi 4-chome
Chuo-ku, Osaka 541
Japan
816-223-9111
http://www.shokubai.co.jp
NA Industries Incorporated
2651 Riverport Road
Chattanooga, TN 37406
423-624-6496
Nippon Shokubai operates in four product groups: Basic Chemicals, Fine and
Specialty Chemicals, Polymers and Resins, and Environmental Business Catalysts.
In FY 2001, the Company had sales of $1.3 billion, with countries outside of
Japan. Nippon Shokubai employed 3,190 in FY 2001.
SAMPLE PAGE
The Company is active in the acrylic resins industry principally through the Basic
Chemicals, Fine and Specialty Chemicals, and Polymers and Resins product groups.
The Basic Chemicals group, which accounted for $441 million in FY 2001, is
involved in the manufacture of acrylic acids and esters used primarily in
superabsorbent polymers (SAPs). The group also makes methacrylic acid and
esters used in applications such as resins and paints. Acrylic acid derivatives and
SAPs are produced by the Fine and Specialty Chemicals product group. Nippon
Shokubai also offers a variety of acrylic acid-based resins through its Polymers and
Resins group. Resins available from the Polymers and Resins group are used for
such applications as paints, adhesives and electrical insulating coatings.
Nippon Shokubai manufactures its acrylics at several facilities in Japan for export
to the rest of Asia, Europe and the US. Outside of Japan, the Company manufac-
Freedonia Industry Study
Companies Air Products and Chemicals Incorporated

Profiled Wacker Polymer Systems GmbH

AMCOL International Corporation
BASF AG
Chemdal International
Celanese AG
Ciba Specialty Chemicals Incorporated
Dainippon Ink and Chemicals Incorporated
Dow Chemical Company
Union Carbide Corporation
E.ON AG
Degussa Corporation
Rohm GmbH and Company KG
Stockhausen GmbH and Company KG
StoHaas Monomer GmbH & Company KG
VEBA AG
Formosa Plastics Group
Goodrich Corporation
Henkel KGaA
Cognis Corporation
Loctite Corporation
Imperial Chemical Industries plc
Emerson & Cuming
National Starch and Chemical Company
Permabond International
TRA-CON
Jilin Chemical Industries Company Limited
Mitsubishi Chemical Corporation
Mitsubishi Heavy Industries Limited
Nippon Shokubai Company Limited
American Acryl
NA Industries Incorporated
PT Nisshoku Tripolyta Acrilyndo
Noveon Incorporated
Goodrich (BF) Performance Materials
Petroleos Brasileiro SA
PETROBRAS
Reichhold
Rhodia SA
Albright & Wilson Limited
Rohm and Haas Company
StoHaas Monomer GmbH & Company KG
Sumitomo Chemical Company Limited
Toagosei Company Limited
Tomen Corporation
Total Fina Elf SA
American Acryl
Atofina Chemicals Incorporated
Atoglas
Cook Composites and Polymers

Acrylic Acid & Derivatives #1488 Order form on last page

11
 Forecasting Methodology

Freedonia does not just collect and reprint

data; Freedonia develops data. Our analysts
thoroughly investigate an industry by
extensively interviewing key industry
participants and analyzing information
from sources such as associations, govern-
ment and trade literature. Once this
The Freedonia
research is complete, Freedonia establishes Economics Group Freedonia
one set of forecasts. All writing, editing In-house Research
Consistent framework
and forecasting is done in-house to assure of economic indicators on . . . • Quantitative forecasting
quality and consistency. In cases where • Paper & Paperboard Production • Industry structure & market
• Disposable Hygiene Product Sales share analyses
data does not exist, Freedonia develops the • Gross Domestic Product (GDP) • Product analyses & forecasts
data based on input/output ratios, bills of . . . and many others
materials and flow charts. The following
chart summarizes Freedonia's methodology:

Methodology for
Acrylic Acid & Derivatives

Proprietary
Extensive Interviews Electronic Database
• Key participants • Trade publications
• Industry experts • Government reports
• End-users • Corporate literature
• Online databases
. . . and many others

Acrylic Acid & Derivatives #1488 Freedonia Industry Study

12
 The Freedonia Group, Inc. is a leading international industry study/
About database company.

The Freedonia Group Since 1985, Freedonia has published over 1,600 titles covering areas such
as chemicals, coatings and adhesives, building materials, plastics, industrial
components and equipment, health care, packaging, household goods,
security, and many other industries.

Freedonia has produced a wide variety of titles, including:

• Water Management Chemicals

• Acrylic Resins
• Powder Coatings
• Paint & Coating Materials

Because Freedonia is a reliable information source, our forecasts are cited

in numerous publications such as The Wall Street Journal, Chemical
Market Reporter and Chemical Week.

Advantages In-house operations

of Freedonia Reports Because all of our staff work at the same location, interaction
between analysts and departments provides a strong system
of checks and balances.

Consistency
Our Economics Group develops indicators that are used by
all analysts. Therefore, every Freedonia study is based on a consistent
set of economic assumptions (GDP, paper and paperboard produc-
tion, disposable hygiene product sales, etc.)

Reliable forecasts
Because all of our forecasts consider the environment in
which a product or industry is operating, as well as threats
and opportunities to the market, Freedonia forecasts are
reliable indicators of future performance.

One-on-one interviews
All studies are produced by conducting interviews with key industry
participants and end-users.

Proprietary electronic database

Freedonia’s analysts can tap into an extensive in-house electronic
database containing corporate literature (including private company
information), trade publications, government reports and many
other sources of information.

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13
 About Our Customers
Freedonia's clients include major US and international companies in
the manufacturing, services, consulting and financial sectors.

Typical purchasers of Freedonia studies :

• Key Executives
• Corporate Planners
• Market Researchers
• Financial Analysts
• Information Centers
• New Product Developers
• Merger & Acquisition Specialists

Since 1985 we have provided research to customers ranging in size

from global conglomerates to one person consulting firms. More than
90% of the industrial companies in the Fortune 500 use Freedonia
research to help with their strategic planning.

Some of Freedonia's customers in the acrylic acid and derivatives

market include: BASF, Celanese, Dow Chemical, Imperial Chemical
Industries, Rohm and Haas, and Total Fina Elf.

Acrylic Acid & Derivatives #1488 Freedonia Industry Study

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Other Titles
From Freedonia
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these or other Freedonia titles,
please contact us at:
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Acrylic Acid & Derivatives #1488
Water Management Chemicals
Strict clean water rules will continue to drive
demand for biocides and other water manage-
ment chemicals. Closed-loop processing and
greater use of recycled water will benefit corro-
sion inhibitors, chelating agents and other prod-
ucts in pulp and paper, chemical, petroleum,
metals processing, commercial and residential
markets. This study analyzes the US water man-
agement chemical industry to 2005 and 2010 by
product, application and market. It also evalu-
ates market share and profiles key companies.
#1499. . . . . . . . . 12/01. . . . . . . . . . $3,700
Acrylic Resins
The US market for acrylic resins is analyzed in
this study. It presents historical data for 1990,
1995 and 2000 and forecasts to 2005 and 2010 by
type (acrylates and methacrylates) and by market
(e.g., paints and coatings, construction, textiles
and fibers, plastics, industrial and commercial
products, adhesives, transportation equipment,
paper and paperboard, consumer products). The
study also includes discussions related to foreign
trade, international activity and industry struc-
ture, and profiles leading companies.
#1492. . . . . . . . . 12/01. . . . . . . . . . $3,600
Nonwovens
Demand for nonwoven roll goods in the US will
grow 4.5% annually through 2005. Advances will
be driven by consumer and filtration disposables,
as well as by nondisposable geotextiles and bat-
tery separators. Factors such as product innova-
tion, increased penetration of nonwovens into
diapers, and new wiping products will propel
market gains. This study analyzes the $3.7 bil-
lion US nonwovens industry to 2005 and 2010
by material, product and market. It also evalu-
ates market share and profiles key firms.
#1487. . . . . . . . . 11/01. . . . . . . . . . $3,700
World Paints & Coatings
Global demand for paints and coatings will ex-
pand to 28.3 million metric tons in 2005, valued
at US$83.5 billion. Gains will be driven by a
sustained expansion in new construction and
steady gains in income. Applications such as ap-
pliances, furniture, marine coatings, industrial
maintenance coatings and traffic paints will also
post solid gains. This study analyzes the world
paint and coating industry to 2005 and 2010 by
type, region and for 25 countries. It also evalu-
ates market share and profiles key companies.
#1437. . . . . . . . . 7/01. . . . . . . . . . $4,700
Radiation-Cured Products
Demand for radiation-cured (radcure) products
in the US will grow 9.4% annually. Gains will be
driven by intense product development and in-
creased awareness of radcure’s benefits among
end users. Coatings and inks will remain the larg-
est products, with packaging the leading outlet.
Flooring will replace printing and publishing as
the second largest market. This study analyzes
the $1 billion US radcure products industry to
2005 and 2010 by type and market. It also pre-
sents market share data and profiles key firms.
#1399. . . . . . . . . 8/01. . . . . . . . . . $3,700
Adhesives
Demand for adhesives in the US will reach 15.2
billion pounds in 2004. Gains in value demand
will benefit from rising raw material costs and a
shift to higher priced hot melts and emulsions.
Specialty and engineering adhesives will grow
the fastest as they find greater use in construc-
tion and durables manufacturing, often at the
expense of conventional fasteners. This study
analyzes the $8.4 billion US adhesives industry
to 2004 and 2009 by market and type. It also
details market share and profiles key firms.
#1382. . . . . . . . . 1/01. . . . . . . . . . $3,700
Paint & Coating Materials:
Resins, Pigments & Solvents
US demand for paint and coating materials will
approach 11 billion pounds in 2004. Gains will
be driven by more environmentally compliant
coatings (e.g., water-based, high-solids, powder,
radiation-cured) which require higher raw ma-
terial loadings. Solvent-based paints will remain
a major raw material in key heavy duty coating
segments. This study analyzes the $6.8 billion
US paint and coating materials industry to
2004 and 2009 by type and market. It also
evaluates market share and profiles key firms.
#1334. . . . . . . . . 10/00. . . . . . . . . . $3,500
Order form on last page
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