Global Bio Acrylic Acid Market Size By Derivatives (Methyl Acrylate, Ethyl Acrylate, Butyl Acrylate, Elastomers, 2-Ethylhexy Acrylate), By Application (Paints & Coatings, Surfactants, Adhesives & Sealants, Textiles, Sanitary Products), By Geographic Scope And Forecast

Bio Acrylic Acid Market Size And Forecast

Bio Acrylic Acid Market size is valued at USD 550.17 Million in the year 2024 and it is expected to reach USD 1568.04 Million in 2031, growing at a CAGR of 15.43% from 2024 to 2031.

Demand for environmentally friendly and sustainably manufactured products is rising among consumers in a variety of businesses. Manufacturers are being compelled by this desire to investigate bio-based alternatives, such as bio acrylic acid, in order to satisfy consumer expectations and set their products apart from the competition. The Global Bio Acrylic Acid Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Bio Acrylic Acid Market Definition

The Bio Acrylic Acid Market refers to the production, distribution, and consumption of acrylic acid obtained from renewable resources, such as biomass or bio-based feedstocks. Acrylic acid is a major chemical utilized in several sectors, including adhesives, textiles, paints and coatings, and personal care products. The emergence of bio-based acrylic acid offers a sustainable alternative to traditional acrylic acid, which is primarily derived from fossil fuels. Bio Acrylic Acid is manufactured by bio-based fermentation techniques, utilizing renewable feedstocks such as sugar or glycerol. This market encompasses the entire value chain, from raw material sourcing and production to end-use applications.

There are several types of Bio Acrylic Acid based on their applications and product characteristics. Bio-based acrylic acid can be categorized into two main typeshomo-polymers and co-polymers. Homopolymers are made of pure acrylic acid and are used in applications such as adhesives and coatings, while co-polymers involve the blending of acrylic acid with other monomers to enhance specific properties like durability, flexibility, and adhesion. These co-polymers find applications in the production of textiles, paints, and superabsorbent polymers for personal care products.

The uses of Bio Acrylic Acid are diverse and span across multiple industries. In the adhesives industry, it is employed as a binding agent for various materials, including paper, cardboard, and wood. In the textiles industry, Bio Acrylic Acid is used for producing fibers that offer exceptional properties such as durability, color fastness, and resistance to UV radiation. It is also utilized in the production of environmentally friendly coatings and paints, which find applications in the construction and automotive sectors.

Global Bio Acrylic Acid Market Overview

The Bio Acrylic Acid Market has witnessed significant growth in recent years due to the increasing demand for sustainable and eco-friendly materials. Bio Acrylic Acid is derived from renewable sources such as sugars and starches, unlike traditional acrylic acid which is derived from petrochemicals. This factor has fueled the adoption of Bio Acrylic Acid in various industries, including textiles, adhesives, coatings, and personal care products, among others. The growing environmental concerns and stringent regulations regarding the use of petrochemical-based products have further boosted the market for bio acrylic acid.

Moreover, the Bio Acrylic Acid Market has witnessed favorable government initiatives and investments in research and development activities. Several countries are promoting the use of bio-based products through policies and regulations, providing incentives for manufacturers to switch to sustainable alternatives. The increasing awareness among consumers regarding the environmental impact of their purchasing decisions has also played a crucial role in driving the demand for bio acrylic acid.

As a result, market players are focusing on expanding their production capacities and developing innovative bio-based acrylic acid products to cater to the growing market demand. However, the Bio Acrylic Acid Market still faces challenges such as high production costs and limited availability of feedstock, which may hinder its widespread adoption in certain regions. Overall, the Bio Acrylic Acid Market is expected to continue its upward trajectory, driven by the shift towards sustainable and renewable materials across various industries. Overall, the Bio Acrylic Acid Market is expected to continue its upward trajectory, driven by the shift towards sustainable and renewable materials across various industries.

Market Attractiveness

The image of market attractiveness provided would further help to get information about the region that is majorly leading in the Global Bio Acrylic Acid Market. We cover the major impacting factors driving the industry growth in the given region.

Porter’s Five Forces

The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry. Porter’s five forces model can be used to assess the competitive landscape in the Global Bio Acrylic Acid Market, gauge the attractiveness of a certain sector, and assess investment possibilities.

Global Bio Acrylic Acid Market Segmentation Analysis

The Global Bio Acrylic Acid Market is Segmented on the Basis of Derivatives, Application, And Geography.

Bio Acrylic Acid Market, By Derivatives

• Methyl Acrylate
• Ethyl Acrylate
• Butyl Acrylate
• Elastomers
• 2-Ethylhexy Acrylate
• Others

Based on Derivatives, the market is segmented into Methyl Acrylate, Ethyl Acrylate, Butyl Acrylate, Elastomers, 2-Ethylhexy Acrylate, and Others. Butyl Acrylate accounted for the largest market share in the global Bio Acrylate Acid market. Butyl acrylate, an acrylic monomer from the category of acrylic esters, is made from acrylic acid and is used to give a variety of polymers’ performance attributes.

The esterification concept serves as the foundation for all of the procedures. The processes involve a number of catalysts, conditions, systems, recycling of alcohol, and final product quality. There isn’t much technology available to make acrylic esters. The properties of butyl acrylate monomers include color stability, heat resistance, aging resistance, clarity, low-temperature flexibility, enhanced weather ability, as well as acid and alkali resistance.

Bio Acrylic Acid Market, By Application

• Paints & Coatings
• Surfactants
• Adhesives & Sealants
• Textiles
• Sanitary Products
• Others

Based on Application, the market is segmented into Paints & Coatings, Surfactants, Adhesives & Sealants, Textiles, Sanitary Products, and Others. The paints and Coating segment accounted for the largest market share in the global Bio Acrylic Acid Market. The usage of bio-based acrylic acid as a crucial component in the creation of paints, coatings, and related products is referred to as the “Bio Acrylic Acid Market” in the application of paints and coatings. The paints and coatings industry, among others, uses acrylic acid, a versatile chemical substance, extensively.

Traditionally, acrylic acid has been produced from fossil fuels, but with increasing concerns about sustainability and environmental impact, there has been a growing interest in developing bio-based alternatives. Renewable resources like biomass, agricultural waste, or bio-based feedstock are used to make bio-based acrylic acid. There are several advantages to using Bio Acrylic Acid in paints and coatings. It provides improved performance characteristics such as enhanced durability, adhesion, and weather resistance.

Bio Acrylic Acid Market, By Geography

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Based on Geography, the global Bio Acrylic Acid Market is classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. Asia Pacific accounted for the largest market share in the global Bio Acrylic Acid Market. Developments in biotechnology and fermentation processes have made it possible to develop efficient and cost-effective methods for the production of bio acrylic acid. These technological advances have made bio-based acrylic acid more commercially viable and attractive to manufacturers.

Key Players

The “Global Bio Acrylic Acid Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are BASF SE, Dow Chemical Company, Cargill, Incorporated, Novozymes A/S, Mitsubishi Chemical Corporation, Biomer, Nippon Shokubai Co., Ltd., OPX Biotechnologies, Inc., BioAmber Inc., Myriant Corporation, Synata Bio Inc., Itaconix Corporation, Qingdao Kehai Biochemistry Co., Ltd., Zhejiang Guoguang Biochemistry Co., Ltd., Reverdia, and among others.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide insight into the financial statements of all the major players, along with product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the players mentioned above globally.

Key Developments

• In 2020, To further develop and scale up bio-based acrylic acid, Cargill, IFP Energies Nouvelles (IFPEN), and Axens have teamed up. The partnership makes use of Axens’ industrial scale-up design methodology and catalyst production capabilities, as well as Cargill’s experience with bio-based materials, IFPEN’s knowledge of catalyst and bioprocess development, and their combined skills.

Ace Matrix Analysis

The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.

Report Scope

Research Methodology of Market Research