Bio-based Acrylic Acid Market (Updated Version Available)

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.
Currently, only Cargill is producing bio-based acrylic acid, also it is not on industrial scale production. Owing to high production costs and technical barriers, limited companies are able to produce bio-based acrylic acid. Compared with acrylic acid, bio-based acrylic acid cost is high which result that no downstream consumers willing to purchase bio-based acrylic acid. We predict that there will be no industrial scale production in following 5 years.

Europe major manufacturers include BASF, DOW, Arkema, LG Chem and Hexion. In Europe, acrylic acid market concentration is high. Total sales share of those five suppliers is 95.24% in 2017. During them, BASF is market leader in Europe, whose sales amount is 644.9 K MT in 2017. Followed by BASF, Arkema is the second largest supplier in Europe.

Europe major consumption regions are distributed in Germany, France, Belgium, Italy, United Kingdom and Netherlands etc. Germany is the largest consumption region, which consumed 534.9 K MT in 2017. France and Belgium are separately the second and third largest consumption regions.

During past five years, Europe acrylic acid consumption increased from 1274 K MT in 2013 to 1314.2 K MT in 2017, with an average increase rate of 0.78%. Due to the increase of raw material price, acrylic acid price increased from 2017. Currently, Europe average acrylic acid price is 1318 USD/MT.

Driven by increasing downstream demand, Europe acrylic acid consumption will keep increasing. By 2024, Europe consumption will be 1591 K MT.


The report offers detailed coverage of Bio-based Acrylic Acid industry and main market trends. The market research includes historical and forecast market data, demand, application details, price trends, and company shares of the leading Bio-based Acrylic Acid by geography. The report splits the market size, by volume and value, on the basis of application type and geography.

The report forecast global Bio-based Acrylic Acid market to grow to reach xxx Million USD in 2020 with a CAGR of xx% during the period 2021-2025.

First, this report covers the present status and the future prospects of the global Bio-based Acrylic Acid market for 2015-2025.
And in this report, we analyze global market from 5 geographies: Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia], Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland], North America[United States, Canada, Mexico], Middle East & Africa[GCC, North Africa, South Africa], South America[Brazil, Argentina, Columbia, Chile, Peru].

Key Companies
BASF
DOW
Arkema
LG Chem
Hexion
At the same time, we classify Bio-based Acrylic Acid according to the type, application by geography. More importantly, the report includes major countries market based on the type and application.

Market Segment as follows:
Market by Order Type
Purity (＜99%)
Purity (≥99%)
Market by Application
Super Absorbent Polymers
Coating
Polyacrylic Acid Polymers
Other

By Region
Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia]
Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
North America[United States, Canada, Mexico]
Middle East & Africa[GCC, North Africa, South Africa]
South America[Brazil, Argentina, Columbia, Chile, Peru]

The research provides answers to the following key questions:
• What is the estimated growth rate and market share and size of the Bio-based Acrylic Acid market for the forecast period 2021 - 2025?
• What are the driving forces in the Bio-based Acrylic Acid market for the forecast period 2021 - 2025?
• Who are the prominent market players and how have they gained a competitive edge over other competitors?
• What are the market trends influencing the progress of the Bio-based Acrylic Acid industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the market hold for the prominent market players?