Bio-acrylic Acid Market - Segmented by Raw Material Type, Product Type, Application, and Geography - Growth, Trends, and Forecast (2019 - 2024)

Bio-acrylic Acid Market - Segmented by Raw Material Type, Product Type, Application, and Geography - Growth, Trends, and Forecast (2019 - 2024)

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The market for bio-acrylic acid is expected to register a significant growth during 2018 to 2023 (the forecast period).This significant growth is majorly driven by the increase in the number of stringent regulations over conventional acrylic acids.

Stringent Regulations over Conventional Organic Acids

The market for bio-acrylic acids is majorly driven by the stringent environmental regulations imposed by regulatory bodies of various countries on conventional acrylic acid producers. Organic acids can serve as platform chemicals for the production of polymers, food, coatings, lubricating oils, pharmaceuticals, cosmetics, solvents, and other materials. Recently, bio-acrylic acids have been gaining significance as a replacement for conventional organic acids, due to their renewability and eco-friendly nature, which is a key tool for increasing the market share of the global bio-acrylic acid market, in the forecast period.

Acrylic Esters Segment to Dominate the Market Share

Among product types, acrylic esters holds the highest market share of the global bio-acrylic acid market, accounting to around 60% of the market share. The acrylic esters are further segmented into methyl acrylate, ethyl acrylate, butyl acrylate, and 2-ethylhexyl acrylate. The key applications of acrylic esters is majorly found in paints and coatings, adhesives and sealants, textiles and plastics. The immensely growing paints & coatings industry is quite helpful in fueling market growth for acrylic esters, which in turn, is expected to drive the demand for global bio-acrylic acid market in the nearby future.

Asia-Pacific to Ignite the Market Growth

Though Europe is the largest regional market for global bio-acrylic acid, Asia-Pacific is also an important market, as it represents the fastest growing regional market. The increasing demand from water treatment, cosmetics, and coating industries of countries, like China, India, Thailand, and Korea, is providing significant opportunity for the bio-acrylic acid market to continue a very fast pace of growth. Moreover, since, the product is an intermediate and is bio-degradable in nature, it has been widely accepted by industries for various other purposes, such as polymer resins. The large market size, with this huge growth of the Asia-Pacific region, is quite instrumental in the expansion of the global bio-acrylic acid market.


Key Developments in the Market

  • August 2017: The discovery of the Monascus ruber micro-organism proved to be the crucial step in producing organic acids in large-scale industrial fermentation processes.

Major Players: BASF Corporation, Myriant Corporation, BioAmber Inc., Koninklijke DSM N.V., and Braskem, among others.

Reasons to Purchase this Report

  • Identify the Current and future global bio-acrylic acid market in the developed and emerging markets
  • Analyze various perspectives of the market with the help of Porter’s five forces analysis
  • Information of the segment that is expected to dominate the market
  • Identify the region that is expected to witness the fastest growth during the forecast period
  • Identify the latest developments, market shares, and strategies employed by the major market players
  • 3 months analyst support, along with the Market Estimate sheet (in excel)

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1. Introduction

              1.1 Research Phases

              1.2 Study Deliverables

              1.3 Scope of the Report

2. Executive Summary

3. Market Insights

              3.1 Industry Value-Chain Analysis

              3.2 Industry Attractiveness – Porter’s Five Forces Analysis

                             3.2.1 Bargaining Power of Suppliers

                             3.2.2 Bargaining Power of Consumers

                             3.2.3 Threat of New Entrants

                             3.2.4 Threat of Substitute Products and Services

                             3.2.5 Degree of Competition

              3.3 Technological Snapshot

4. Market Dynamics

              4.1 Drivers

                             4.1.1 Stringent Regulations over Conventional Acrylic Acids

                             4.1.2 Growing Demand for Bio-based Polymer in Healthcare Applications

                             4.1.3 Depleting Sources of Conventional Raw Materials

              4.2 Restraints

                             4.2.1 Higher Production Cost of Bio-based Chemicals

                             4.2.2 Scarcity of Raw Materials

              4.3 Opportunities

                             4.3.1 Shifting Focus toward Eco-friendly Products

                             4.3.2 Demand from Emerging Economies

                             4.3.3 Technological Advancements

5. Market Segmentation and Analysis (Market Size, Growth, and Forecast)

              5.1 By Raw Material

                             5.1.1 Biomass

                             5.1.2 Corn

                             5.1.3 Maize

                             5.1.4 Sugar

                             5.1.5 Others

              5.2 By Product Type

                             5.2.1 Acrylic Esters

                                  Ethyl Acrylate

                                  Butyl Acrylate

                                  Ethylhexyl Acrylate

                                  Methyl Acrylate


                             5.2.2 Acrylic Polymers & their Derivatives 

                                  Superabsorbent Polymers (SAP) 


              5.3 By Application

                             5.3.1 Petrochemicals

                             5.3.2 Healthcare

                             5.3.3 Textile

                             5.3.4 Coatings

                             5.3.5 Water Treatment

                             5.3.6 Others

6. Regional Analysis (Market Size, Growth, and Forecast)

              6.1 North America

                             6.1.1 United States

                             6.1.2 Canada

                             6.1.3 Mexico

                             6.1.4 Rest of North America

              6.2 Europe

                             6.2.1 Germany

                             6.2.2 United Kingdom

                             6.2.3 France

                             6.2.4 Italy

                             6.2.5 Russia

                             6.2.6 Spain

                             6.2.7 Rest of Europe

              6.3 Asia-Pacific

                             6.3.1 China

                             6.3.2 India

                             6.3.3 Japan

                             6.3.4 South Korea

                             6.3.5 ASEAN Countries

                             6.3.6 Rest of Asia-Pacific

              6.4 South America

                             6.4.1 Brazil

                             6.4.2 Argentina

                             6.4.3 Rest of South America

              6.5 Middle East & Africa

                             6.5.1 South Africa

                             6.5.2 Saudi Arabia

                             6.5.3 Rest of Middle East & Africa

7. Competitive Landscape

              7.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

              7.2 Market Share Analysis**

              7.3 Strategies Adopted by Leading Players

8. Company Profiles (Overview, Financials**, Products & Services, and Recent Developments)

              8.1 Arkema Group

              8.2 BASF Corporation

              8.3 BioAmber Inc.

              8.4 Braskem

              8.5 Cargill

              8.6 Dairen Chemical Corporation

              8.7 Genomatica

              8.8 GF Bio-chemicals

              8.9 Koninklijke DSM N.V.

              8.10 Metabolix Inc.

              8.11 Mitsubishi Chemicals

              8.12 Myriant Technologies

              8.13 NatureWorks LLC

              8.14 Novozymes

              8.15 SGA Polymers, LLC

               *list not exhaustive

9. Disclaimer

** subject to availability on public domain

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