Acrylic acids are specialty petrochemicals that are produced using propylene. Propylene is a byproduct of gasoline and ethylene production. The bio-based acrylic acid products are increasingly used in various applications as they help in reducing greenhouse gas emissions. The use of these acrylic acids remains high in various applications due to their various properties such as miscibility, colorless liquid, and adaptability to low-temperature conditions. Due to their various benefits, bio-acrylic acid finds applications across industries such as agriculture, coating and paint, adhesives and sealants, and plastic sheets.
bio-acrylic acid market size reached USD 6.02 billion in 2021 and is expected to register a revenue CAGR of 6.8% during the forecast period, according to the latest analysis by Emergent Research. Increased demand for bio-acrylic acid to develop hygiene products is expected to drive market revenue growth from 2022-to 2030.
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Bio-acrylic acids such as superabsorbent polymers find increased applications in various sectors due to their ability to absorb a large amount of liquid as per their mass. Some of the leading applications for superabsorbent polymers include feminine hygiene products, baby diapers, and adult incontinence products. These polymers also find applications in the agricultural sector due to their features such as non-polluting, water preserving, and absorbent abilities. The water absorbed by these super absorbent polymers cannot be released using physical techniques and is released repetitively.
Some major companies in the global market report include BASF SE, China Petroleum & Chemical Corporation (SINOPEC), Arkema S.A., Mitsubishi Chemical Holdings Corporation, The Dow Chemical Company, The Lubrizol Corporation, Evonik Industries AG, PTTGC Innovation America Corporation, Formosa Plastics Corporation, and SIBUR International GmbH
Bio-acrylic acid finds increasing applications in various industries, such as agricultural, construction, and paints and coatings. However, due to the introduction of various government regulations to ensure clean air, manufacturers are looking to opt for an eco-friendly alternative. In addition, instability in the prices of raw materials is also likely to impact its market growth. With the outbreak of the COVID-19 pandemic and government restrictions such as lockdowns and social distancing, operations in various sectors were significantly impacted due to factory shutdowns. This also increasingly impacted the supply chain due to limited or a lack of distribution of bio-acrylic acid in the market. Due to its limited availability, the supply of various products such as feed products is also reduced. These factors are likely to restrain the growth of the global bio-acrylic acid market during the forecast period.
Emergen Research has segmented the global bio-acrylic acid market based on derivatives, application, and region:
- Derivatives Outlook (Revenue, USD Billion, 2019–2030)
- Methyl Acrylate
- Ethyl Acrylate
- Butyl Acrylate
- Elastomers
- 2-Ethylhexyl Acrylate
- Super Absorbent Polymer
- Application Outlook (Revenue, USD Billion, 2019–2030)
- Paints & Coatings
- Surfactants
- Adhesives & Sealants
- Textiles
- Sanitary Products
- Others
- Regional Outlook (Revenue, USD Billion, 2019–2030)
- North America
- the U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- the U.K.
- Italy
- Spain
- Benelux
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
- Turkey
- Rest of MEA
- North America
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