Bio-Acrylic Acid Market: Competitive Analysis, Market Trends and Forecast to 2031

The "Bio-Acrylic Acid Market" is focused on controlling cost, and improving efficiency. Moreover, the reports offer both the demand and supply aspects of the market. The Bio-Acrylic Acid market is expected to grow annually by 7.8% (CAGR 2024 - 2031).

This entire report is of 113 pages.

Bio-Acrylic Acid Introduction and its Market Analysis

The Bio-Acrylic Acid market research report provides insights into the growing demand for sustainable alternatives to traditional acrylic acid. Bio-Acrylic Acid is a renewable and environmentally friendly alternative derived from biomass. The target market includes industries such as packaging, textiles, and personal care products. Major factors driving revenue growth in the Bio-Acrylic Acid market include increasing consumer awareness of environmental issues and government regulations promoting sustainable practices. Key players in the market include BASF, DSM, Braskem, Novozymes, and Mitsubishi Chemicals. The report's findings indicate a growing trend towards bio-based products and recommend companies in the market to focus on research and development to stay competitive.

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The global Bio-Acrylic Acid market is segmented by production method (hydrolytic and oxidation) and application (building material, coating, and others). The increasing focus on sustainability and environmental concerns has driven the demand for bio-based acrylic acid. Regulatory and legal factors play a crucial role in shaping market conditions for bio-acrylic acid. Government regulations on bio-based products and initiatives to reduce carbon footprint are likely to drive market growth. Companies operating in the bio-acrylic acid market need to comply with stringent environmental regulations to meet consumer demands for eco-friendly products. The market is expected to witness substantial growth in the coming years, driven by the increasing adoption of bio-based materials in various industries. As the market continues to evolve, companies need to stay abreast of regulatory developments to capitalize on emerging opportunities in the bio-acrylic acid sector.

Top Featured Companies Dominating the Global Bio-Acrylic Acid Market

The global bio-acrylic acid market is highly competitive with key players including BASF, DSM, Braskem, Novozymes, Mitsubishi Chemicals, Bio-Amber, Dairen Chemicals, Myriant, Cargill, GF Biochemicals, Metabolix, Inc, Genomatica, and NatureWorks LLC. These companies are involved in the production, distribution, and marketing of bio-acrylic acid, which is a sustainable alternative to petroleum-based acrylic acid.

Companies like BASF, DSM, and Braskem are leading players in the bio-acrylic acid market, utilizing innovative technologies to produce bio-based acrylic acid from renewable feedstocks. Novozymes and Mitsubishi Chemicals are also key players in the market, focusing on developing and commercializing bio-based acrylic acid solutions.

Bio-Amber, Dairen Chemicals, Myriant, Cargill, GF Biochemicals, Metabolix, Inc, Genomatica, and NatureWorks LLC are other companies contributing to the growth of the bio-acrylic acid market by providing eco-friendly alternatives to conventional acrylic acid production methods.

These companies are helping to grow the bio-acrylic acid market by offering sustainable solutions that reduce the carbon footprint and reliance on fossil fuels. By investing in research and development, collaborations, and strategic partnerships, these companies are expanding the market for bio-based acrylic acid and driving its adoption across various industries.

Some of the key players in the bio-acrylic acid market, such as BASF, DSM, and Braskem, have reported significant sales revenue from their bio-acrylic acid products. For example, BASF reported sales revenue of € billion in 2020, while DSM reported sales revenue of €880 million in the same year.

Overall, the companies operating in the bio-acrylic acid market are playing a crucial role in promoting sustainability and driving the growth of the market through their innovative solutions and strategic initiatives.

• BASF
• DSM
• Braskem
• Novozymes
• Mitsubishi Chemicals
• Bio-Amber
• Dairen Chemicals
• Myriant
• Cargill
• GF Biochemicals
• Metabolix, Inc
• Genomatica
• NatureWorks LLC

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Bio-Acrylic Acid Market Analysis, by Type:

• Hydrolytic Method
• Oxidation Method

Bio-acrylic acid is typically produced through two main methods: hydrolytic and oxidation methods. The hydrolytic method involves breaking down bio-materials through water treatment, while the oxidation method uses oxygen to convert bio-based raw materials into acrylic acid. These methods help in boosting the demand for bio-acrylic acid as they offer a more sustainable and environmentally friendly alternative to traditional petroleum-based acrylic acid production. The increasing awareness of environmental concerns and the growing demand for bio-based products are driving the growth of the bio-acrylic acid market.

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Bio-Acrylic Acid Market Analysis, by Application:

• Building Material
• Coating
• Other

Bio-Acrylic Acid is used in various applications such as building materials, coatings, and others. In building materials, it is used as a sustainable alternative to traditional acrylic acid for products like adhesives, sealants, and paints. In coatings, it provides a more eco-friendly option for protective coatings in industries such as automotive and construction. Other applications include personal care products and textiles. The fastest growing application segment in terms of revenue is expected to be coatings, as there is a growing demand for sustainable and environmentally friendly solutions in the coating industry.

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Bio-Acrylic Acid Industry Growth Analysis, by Geography:

North America:

• United States


• Canada

Europe:

• Germany


• France


• U.K.


• Italy


• Russia

Asia-Pacific:

• China


• Japan


• South Korea


• India


• Australia


• China Taiwan


• Indonesia


• Thailand


• Malaysia

Latin America:

• Mexico


• Brazil


• Argentina Korea


• Colombia

Middle East & Africa:

• Turkey


• Saudi


• Arabia


• UAE


• Korea

The Bio-Acrylic Acid market is expected to experience significant growth in regions such as North America, Asia Pacific, Europe, USA, and China due to increasing awareness about environmental concerns and the shift towards sustainable alternatives. North America and Europe are expected to dominate the market with a market share percent valuation of around 40% each, followed by Asia Pacific with a market share of 20%. The USA and China are also expected to contribute significantly to the market growth. Overall, the Bio-Acrylic Acid market is projected to witness substantial expansion across these regions in the coming years.

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