The report "Bio-Acrylic Acid Market by Type (Methyl acrylate, ethyl acrylate, butyl acrylate, elastomers, 2-ethylhexyl acrylate, superabsorbent polymers), Application and Region (North America, Europe, the Asia Pacific, and the Rest of the World.) - Global Forecast to 2027", The Bio-acrylic acid Market size is estimated to be USD 0.4 billion in 2022 and is projected to reach USD 0.9 billion in 2027, at a CAGR of 15.6%. The main forces behind the growth of the Bio-acrylic acid market are a more sustainable and environmentally friendly alternative to traditional acrylic acid, as it reduces the dependence on non-renewable resources and can potentially reduce greenhouse gas emissions associated with traditional acrylic acid production.
Browse 148 market data Tables and 37 Figures spread through 164 Pages and in-depth TOC on "Bio-Acrylic Acid Market by Type (Methyl acrylate, ethyl acrylate, butyl acrylate, elastomers, 2-ethylhexyl acrylate, superabsorbent polymers), Application and Region (North America, Europe, the Asia Pacific, and the Rest of the World.) - Global Forecast to 2027"
View detailed Table of Content here -https://www.marketsandmarkets.com/Market-Reports/bio-acrylic-acid-market-144896040.html
High production cost is one of the major restraints for the bio-acrylic acid market. The economy of the Asia Pacific countries such as China and India is growing rapidly. South Asian countries such as Indonesia, Taiwan, and South Korea are also witnessing fast growth. The primary driver behind their growth is the increasing population which is the major opportunity in the region. The biggest difficulties or challenge is Traditional acrylic acid, also known as petroleum-based acrylic acid, is a well-established product in the market and is widely used in various applications, including coatings, adhesives, superabsorbent polymers, and plastics. As a result, bio-acrylic acid faces significant competition from traditional acrylic acid.
By Type, the Butyl Acrylate segment accounted for the largest share of the Bio-Acrylic Acid Market in 2022.
The Bio-acrylic acid market is segmented based on type into methyl acrylate, ethyl acrylate, butyl acrylate, elastomers, 2-ethylhexyl acrylate, and superabsorbent polymers. Butyl acrylate is a key monomer used in the production of various polymers, including poly butyl acrylate, which is used in adhesives, coatings, and textiles. The use of bio-based feedstocks, such as sugars, glycerol, or lignocellulosic biomass, to produce bio-acrylic acid and butyl acrylate offers several advantages over traditional, petroleum-based chemicals.
By Application, sanitary products segment projected to register a highest CAGR during forecast period.
The Bio-acrylic acid market is segmented based on application into Paints and coatings, surfactants, adhesives and sealants, textiles, sanitary products, and other applications. The use of bio-acrylic acid in the production of sanitary products aligns with the growing trend towards sustainability and eco-friendliness in the market. By utilizing bio-based raw materials, manufacturers can reduce their carbon footprint and contribute to a more circular and sustainable economy. The use of bio-based SAPs also helps to meet the increasing demand from consumers for eco-friendly and sustainable hygiene products.
The major players are Arkema SA (France), BASF SE (Germany), LG Chem Ltd. (Korea), China Petroleum and Chemical Corporation (China), NIPPON SHOKUBAI CO., LTD(Japan), The Dow Chemical Company (US), Evonik Industries AG (Germany), and SIBUR (Russia) and others are covered in the Bio-acrylic acid market. Expansion, mergers, joint ventures, and the development of novel products are the primary strategies employed by the leading players to build the Bio-acrylic acid market.
Don’t miss out on business opportunities in Bio-Acrylic Acid Market. Speak to our analyst and gain crucial industry insights that will help your business grow.
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Mr. Aashish Mehra
630 Dundee Road
Northbrook, IL 60062
USA : 1-888-600-6441