TABLE OF CONTENTS
SECTION PAGE
INTRODUCTION ix
I. EXECUTIVE SUMMARY 1
II. MARKET ENVIRONMENT 4
General 4
Macroeconomic Environment 5
Consumer Spending Trends 7
Demographic Trends 8
Manufacturing Outlook 11
Historical Trends 14
Pricing Trends 17
Environmental & Regulatory Considerations 19
Feedstock Availability 21
Foreign Trade 22
III. INTERNATIONAL ACTIVITY 24
General 24
Acrylic Acid Capacity 25
Capacity by Region 25
Capacity by Producer 29
Acrylate Esters Capacity 32
Capacity by Region 32
Capacity by Producer 35
Acrylic Acid Polymers Capacity 37
Capacity by Region 37
Capacity by Producer 40
Planned Capacity Additions 43
World Demand 46
Acrylic Acid Demand 47
Acrylate Esters Demand 48
Acrylic Acid Polymers Demand 48
IV. ACRYLIC ACID 50
General 50
Acrylic Acid Capacity 52
Acrylic Acid Supply & Demand 56
Acrylic Acid Demand by Derivative 57
Acrylate Esters 59
Butyl Acrylate 62
Ethyl Acrylate 63
Ethylhexyl Acrylate 65
Other Acrylates 66
Acrylic Acid Polymers 67
Superabsorbent Polymers 69
Disposable Hygiene Products Outlook 70
Acrylic Acid Demand 72
Water Treatment Polymers 75
Water Withdrawal Outlook 76
Acrylic Acid Demand 77
Detergent Polymers 79
Soaps & Detergents Overview 80
Acrylic Acid Demand 81
Other Acrylic Acid Polymers 83
V. ACRYLATE ESTERS 84
General 84
Acrylate Esters Capacity 85
Acrylate Esters Supply & Demand 89
Acrylate Esters Markets 90
Paints & Coatings 92
Paints & Coatings Outlook 92
Acrylate Esters Demand 95
Textiles & Fibers 97
Textiles Products Outlook 97
Acrylate Esters Demand 99
Adhesives & Sealants 101
Adhesives & Sealants Outlook 102
Acrylate Esters Demand 103
Paper & Paperboard 105
Paper & Paperboard Outlook 105
Acrylate Esters Demand 106
Plastics 107
Plastics Outlook 108
Acrylate Esters Demand 109
Other Markets 111
VI. ACRYLIC ACID POLYMERS 114
General 114
Acrylic Acid Polymers Capacity 115
Superabsorbent Polymers Capacity 116
Other Acrylic Acid Polymers Capacity 118
Acrylic Acid Polymers Demand 119
Personal Care Products 121
Water Treatment 124
Soaps & Detergents 126
Other Markets 129
VII. INDUSTRY STRUCTURE 132
Industry Concentration 132
Market Share 134
Acrylic Acid 134
Acrylate Esters 137
Acrylic Acid Polymers 139
Industry Sales 140
Industry Restructuring 141
Cooperative Agreements 144
Marketing & Distribution 147
Competitive Strategies 149
Company Profiles 151
Air Products and Chemicals Incorporated 152
Albright & Wilson Limited, see Rhodia
AMCOL International Corporation 154
American Acryl, see Nippon Shokubai & Total Fina Elf
Atofina Chemicals Incorporated, see Total Fina Elf
Atoglas, see Total Fina Elf
BASF AG 155
Celanese AG 158
Chemdal International, see BASF
Ciba Specialty Chemicals Incorporated 160
Cognis Corporation, see Henkel
Cook Composites and Polymers, see Total Fina Elf
Dainippon Ink and Chemicals Incorporated 161
Degussa Corporation, see E.ON AG
Dow Chemical Company 163
E.ON AG 166
Emerson & Cuming, see Imperial Chemical Industries
Formosa Plastics Group 168
Goodrich (BF) Performance Materials, see Noveon
Goodrich Corporation 169
Henkel KGaA 170
Imperial Chemical Industries plc 171
Jilin Chemical Industries Company Limited 174
Loctite Corporation, see Henkel
Mitsubishi Chemical Corporation 175
Mitsubishi Heavy Industries Limited 176
NA Industries Incorporated, see Nippon Shokubai
National Starch and Chemical Company, see Imperial
Chemical Industries
Nippon Shokubai Company Limited 177
Noveon Incorporated 179
Permabond International, see Imperial
Chemical Industries
PETROBRAS, see Petroleos Brasileiro
Petroleos Brasileiro SA 180
PT Nisshoku Tripolyta Acrilyndo, see Nippon Shokubai
and Tomen
Reichhold, see Dainippon Ink
Rhodia SA 182
Rohm GmbH and Company KG, see E.ON AG
Rohm and Haas Company 183
Stockhausen GmbH and Company KG, see E.ON AG
StoHaas Monomer GmbH & Company KG, see E.ON AG
and Rohm and Haas
Sumitomo Chemical Company Limited 186
Toagosei Company Limited 187
Tomen Corporation 188
Total Fina Elf SA 189
TRA-CON, see Imperial Chemical Industries
Union Carbide Corporation, see Dow Chemical
VEBA AG, see E.ON AG
Wacker Polymer Systems GmbH, see Air Products and
Chemicals
Additional Companies Mentioned in Study 192
LIST OF TABLES
TABLE NUMBER PAGE
SECTION I
1 Summary Table 3
SECTION II
1 Macroeconomic Indicators 6
2 Consumer Expenditures & Income 8
3 Demographic Indicators 11
4 Manufacturers Shipments 14
5 Acrylic Acid Market, 1990-2000 16
6 Acrylic Acid Pricing Trends 19
7 Foreign Trade in Acrylic Acid 23
SECTION III
1 World Acrylic Acid Capacity by Region, 2000 28
2 World Acrylic Acid Capacity by Producer, 2000 31
3 World Acrylate Esters Capacity by Region, 2000 34
4 World Acrylate Esters Capacity by Producer, 2000 36
5 World Acrylic Acid Polymers Capacity by Region, 2000 39
6 World Acrylic Acid Polymers Capacity by Producer, 2000 42
7 Planned Capacity Additions, 2000-2005 45
SECTION IV
1 Acrylic Acid Capacity by Producer, 2000 55
2 Acrylic Acid Supply & Demand 57
3 Acrylic Acid Demand by Derivative 58
4 Acrylate Esters Markets for Acrylic Acid by Derivative 61
5 Butyl Acrylate Market for Acrylic Acid 63
6 Ethyl Acrylate Market for Acrylic Acid 64
7 Ethylhexyl Acrylate Market for Acrylic Acid 65
8 Other Acrylates Markets for Acrylic Acid 67
9 Polymer Markets for Acrylic Acid 69
10 Disposable Hygiene Products Sales 72
11 Superabsorbent Polymers Markets for Acrylic Acid 75
12 Water Withdrawal Trends 77
13 Water Treatment Polymers Markets for Acrylic Acid 79
14 Soaps & Detergents Shipments 81
15 Detergents Markets for Acrylic Acid 82
16 Other Polymer Markets for Acrylic Acid 83
SECTION V
1 Acrylate Esters Capacity by Producer, 2000 88
2 Acrylate Esters Supply & Demand 90
3 Acrylate Esters Markets 91
4 Paints & Coatings Shipments 94
5 Paints & Coatings Markets for Acrylates 97
6 Textile & Leather Industry Indicators 99
7 Textiles & Fibers Markets for Acrylate Esters 101
8 Adhesives & Sealants Shipments 103
9 Adhesives & Sealants Markets for Acrylates 104
10 Paper & Paperboard Production 106
11 Paper & Paperboard Markets for Acrylates 107
12 Plastics Production 109
13 Plastics Markets for Acrylates 111
14 Other Markets for Acrylates 113
SECTION VI
1 Acrylic Acid Polymers Capacity, 2000 116
2 Acrylic Acid Polymers Demand 120
3 Personal Care Products Markets for Acrylic
Acid Polymers 124
4 Water Treatment Markets for Acrylic Acid Polymers 126
5 Soaps & Detergents Markets for Acrylic Acid Polymers 128
6 Other Markets for Acrylic Acid Polymers 131
SECTION VII
1 US Acrylic Acid & Derivatives Sales by Company, 2000 140
2 Selected Acquisitions & Divestitures 143
3 Selected Cooperative Agreements 145
LIST OF CHARTS
CHART NUMBER PAGE
SECTION II
1 Acrylic Acid Market, 1990-2000 16
SECTION III
1 World Acrylic Acid Capacity by Region, 2000 28
2 World Acrylic Acid Capacity by Producer, 2000 32
3 World Acrylate Esters Capacity by Region, 2000 34
4 World Acrylate Esters Capacity by Producer, 2000 37
5 World Acrylic Acid Polymers Capacity by Region, 2000 39
6 World Acrylic Acid Polymers Capacity by Producer, 2000 42
SECTION IV
1 Acrylic Acid Industry Flowchart 51
2 Acrylic Acid Capacity by Producer, 2000 55
3 Acrylic Acid Demand in Acrylate Esters, 2000 62
SECTION V
1 Acrylate Esters Capacity by Producer, 2000 88
2 Acrylate Esters Demand by Markets, 2000 91
SECTION VI
1 Acrylic Acid Polymers Markets, 2000 120
SECTION VII
1 Acrylic Acid Market Share, 2000 136
2 Acrylate Esters Market Share, 2000 138
3 Acrylic Acid Polymers Market Share, 2000 139