The acrylic acid industry has seen significant change over the past two decades. With the closure of acetylene-based and acrylonitrile-based plants in the 1990s, the production of acrylic acid via two-stage propylene oxidation became the preferred and dominant method of production for acrylic acid producers, globally. Currently, licensors and technology holders of two-stage propylene oxidation technology are looking to improve their processes with new catalyst formulations, modifications to reactor design, and/or establishing operational best-practices through newly optimized parameters. The next decade, however, will give rise to a new wave of technologies – particularly, bio-based routes to acrylic acid. At present, there is no industrialized bio-based acrylic acid sold in Europe. This project takes the petrochemical-based acrylic acid sales data to evaluate the potential market for bio-based acrylic acid. Analyze its future development space.
Market Analysis and Insights: Global Bio-based Acrylic Acid Market
Due to the COVID-19 pandemic, the global Bio-based Acrylic Acid market size is estimated to be worth US$ million in 2022 and is forecast to a readjusted size of US$ million by 2028 with a CAGR of % during the review period. Fully considering the economic change by this health crisis, Purity (Below 99%) accounting for % of the Bio-based Acrylic Acid global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While Super Absorbent Polymers segment is altered to an % CAGR throughout this forecast period.
In Europe market, Bio-based Acrylic Acid key players include BASF, Arkema, DOW, Hexion, LG Chem, etc. The top five manufacturers hold a share about 95%. Germany is the largest market, with a share about 40%, followed by France, with a share about 30 percent. In terms of product, Purity (＜99%) is the largest segment, with a share about 60%. And in terms of application, the largest application is Super Absorbent Polymers, followed by Coating, Polyacrylic Acid Polymers, etc.
In terms of production side, this report researches the Bio-based Acrylic Acid capacity, production, growth rate, market share by manufacturers and by region (region level and country level), from 2017 to 2022, and forecast to 2028.
In terms of sales side, this report focuses on the sales of Bio-based Acrylic Acid by region (region level and country level), by company, by Type and by Application. from 2017 to 2022 and forecast to 2028.
Global Bio-based Acrylic Acid Scope and Segment
Bio-based Acrylic Acid market is segmented by Type and by Application. Players, stakeholders, and other participants in the global Bio-based Acrylic Acid market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2017-2028.
Segment by Type
Purity (Below 99%)
Purity (Above 99%)
Segment by Application
Super Absorbent Polymers
Coating
Polyacrylic Acid Polymers
Other
By Company
BASF
DuPont
Arkema
LG Chem
Hexion
Production by Region
North America
Europe
China
Korea
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E