PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1463789
PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1463789
Bio-Acrylic Acid Market Size and Share Analysis by Derivative, Application - Global Industry Demand Forecast to 2030
Market Overview
The estimated market size for bio-acrylic acid was approximately USD 457.8 million in 2023, and it is projected to grow at a compound annual growth rate of 15.8% from 2024 to 2030, reaching USD 1,275.7 million by 2030.
This development of the market can be credited to the growing utilization of this chemical in paints and coatings, surfactants, textiles, and adhesives and sealants. On the other hand, paints are mostly for exterior walls because of their high absorption, adhesion, and ultraviolet resistance properties.
Therefore, in the forecast period, the market is expected to grow because of the wide usage of paints and coatings in various industries. What is more, eco-friendly coatings are becoming popular in a large variety of industrial, architectural, and automotive applications. The long-standing popularity of acrylic acid as an ingredient in such products has now opened the doors for its environment-friendly counterpart.
When there is an increased consciousness of less dependence on fossil fuels, individuals are increasingly adopting bio-based alternatives. The idea is to minimize the carbon footprint by boosting the usage of environment-friendly products across industries. Shifting from oil and other fossil-based products to bio-based products is to become a main contributor to the reduction of GHG emissions and the rate of ozone depletion.
Key Insights
Superabsorbent polymers grip a substantial industry share because of their capability to absorb huge quantities of aqueous solutions, making them perfect for use in medical dressings, diapers, incontinence pads, controlled-release drugs, and other items.
Babies need around 12 diapers every day, boosting the need for superabsorbent polymers to guarantee diapers can efficiently absorb urine and fecal matter, keeping children dry and calm.
Such polymers are also utilized in sanitary napkins, with governments globally encouraging personal hygiene awareness, directing to augmented utilization of sanitary napkins between women and propelling usage of superabsorbent polymers.
The butyl acrylate category is rising quickly, particularly in the APAC continent, because of augmented government expenditure on infrastructure projects.
Silanes are extensively utilized in construction to shield buildings from worsening, mainly in coatings for hospitals, food production services, kitchens, and medicinal manufacturing areas.
The elastomers category is projected to advance because of their usage in advancing texture, growing stretchability, and providing high thermal constancy and resistance against oil.
In 2023, the APAC region will lead the industry and will endure this position until 2030 with a value of USD 200 million.
* With the progression of industries, especially in the coating and paints industries, China in particular, leading the market, and a CAGR of 16.2% recorded, the future for the global construction chemicals market does look very promising.
Increasing knowledge regarding personal hygiene, increasing construction activities, and development in the automobile sector are major factors propelling the need for bio-acrylic acid, a vital component of automotive coatings.
The growth of urbanization is making construction projects an everyday across the region, which is responsible for the increased imports of bio-acrylic acid for paints and coatings.
In India, urban population growth is boosting the demand for affordable housing units and contributing to increased automobile sales, further propelling market growth.
Table of Contents
Chapter 1. Research Scope
- 1.1. Research Objectives
- 1.2. Market Definition
- 1.3. Analysis Period
- 1.4. Market Size Breakdown by Segments
- 1.4.1. Market size breakdown, by derivative
- 1.4.2. Market size breakdown, by application
- 1.4.3. Market size breakdown, by region
- 1.4.4. Market size breakdown, by country
- 1.5. Market Data Reporting Unit
- 1.5.1. Volume
- 1.5.2. Value
- 1.6. Key Stakeholders
Chapter 2. Research Methodology
- 2.1. Secondary Research
- 2.1.1. Paid
- 2.1.2. Unpaid
- 2.1.3. P&S Intelligence database
- 2.2. Primary Research
- 2.3. Market Size Estimation
- 2.4. Data Triangulation
- 2.5. Currency Conversion Rates
- 2.6. Assumptions for the Study
- 2.7. Notes and Caveats
Chapter 3. Executive Summary
Chapter 4. Market Indicators
Chapter 5. Industry Outlook
- 5.1. Market Dynamics
- 5.1.1. Trends
- 5.1.2. Drivers
- 5.1.3. Restraints/challenges
- 5.1.4. Impact analysis of drivers/restraints
- 5.2. Impact of COVID-19
- 5.3. Porter's Five Forces Analysis
- 5.3.1. Bargaining power of buyers
- 5.3.2. Bargaining power of suppliers
- 5.3.3. Threat of new entrants
- 5.3.4. Intensity of rivalry
- 5.3.5. Threat of substitutes
Chapter 6. Global Market
- 6.1. Overview
- 6.2. Market Volume, by Derivative (2017-2030)
- 6.3. Market Revenue, by Derivative (2017-2030)
- 6.4. Market Volume, by Application (2017-2030)
- 6.5. Market Revenue, by Application (2017-2030)
- 6.6. Market Volume, by Region (2017-2030)
- 6.7. Market Revenue, by Region (2017-2030)
Chapter 7. North America Market
- 7.1. Overview
- 7.2. Market Volume, by Derivative (2017-2030)
- 7.3. Market Revenue, by Derivative (2017-2030)
- 7.4. Market Volume, by Application (2017-2030)
- 7.5. Market Revenue, by Application (2017-2030)
- 7.6. Market Volume, by Country (2017-2030)
- 7.7. Market Revenue, by Country (2017-2030)
Chapter 8. Europe Market
- 8.1. Overview
- 8.2. Market Volume, by Derivative (2017-2030)
- 8.3. Market Revenue, by Derivative (2017-2030)
- 8.4. Market Volume, by Application (2017-2030)
- 8.5. Market Revenue, by Application (2017-2030)
- 8.6. Market Volume, by Country (2017-2030)
- 8.7. Market Revenue, by Country (2017-2030)
Chapter 9. APAC Market
- 9.1. Overview
- 9.2. Market Volume, by Derivative (2017-2030)
- 9.3. Market Revenue, by Derivative (2017-2030)
- 9.4. Market Volume, by Application (2017-2030)
- 9.5. Market Revenue, by Application (2017-2030)
- 9.6. Market Volume, by Country (2017-2030)
- 9.7. Market Revenue, by Country (2017-2030)
Chapter 10. LATAM Market
- 10.1. Overview
- 10.2. Market Volume, by Derivative (2017-2030)
- 10.3. Market Revenue, by Derivative (2017-2030)
- 10.4. Market Volume, by Application (2017-2030)
- 10.5. Market Revenue, by Application (2017-2030)
- 10.6. Market Volume, by Country (2017-2030)
- 10.7. Market Revenue, by Country (2017-2030)
Chapter 11. MEA Market
- 11.1. Overview
- 11.2. Market Volume, by Derivative (2017-2030)
- 11.3. Market Revenue, by Derivative (2017-2030)
- 11.4. Market Volume, by Application (2017-2030)
- 11.5. Market Revenue, by Application (2017-2030)
- 11.6. Market Volume, by Country (2017-2030)
- 11.7. Market Revenue, by Country (2017-2030)
Chapter 12. U.S. Market
- 12.1. Overview
- 12.2. Market Volume, by Derivative (2017-2030)
- 12.3. Market Revenue, by Derivative (2017-2030)
- 12.4. Market Volume, by Application (2017-2030)
- 12.5. Market Revenue, by Application (2017-2030)
Chapter 13. Canada Market
- 13.1. Overview
- 13.2. Market Volume, by Derivative (2017-2030)
- 13.3. Market Revenue, by Derivative (2017-2030)
- 13.4. Market Volume, by Application (2017-2030)
- 13.5. Market Revenue, by Application (2017-2030)
Chapter 14. Germany Market
- 14.1. Overview
- 14.2. Market Volume, by Derivative (2017-2030)
- 14.3. Market Revenue, by Derivative (2017-2030)
- 14.4. Market Volume, by Application (2017-2030)
- 14.5. Market Revenue, by Application (2017-2030)
Chapter 15. France Market
- 15.1. Overview
- 15.2. Market Volume, by Derivative (2017-2030)
- 15.3. Market Revenue, by Derivative (2017-2030)
- 15.4. Market Volume, by Application (2017-2030)
- 15.5. Market Revenue, by Application (2017-2030)
Chapter 16. U.K. Market
- 16.1. Overview
- 16.2. Market Volume, by Derivative (2017-2030)
- 16.3. Market Revenue, by Derivative (2017-2030)
- 16.4. Market Volume, by Application (2017-2030)
- 16.5. Market Revenue, by Application (2017-2030)
Chapter 17. Italy Market
- 17.1. Overview
- 17.2. Market Volume, by Derivative (2017-2030)
- 17.3. Market Revenue, by Derivative (2017-2030)
- 17.4. Market Volume, by Application (2017-2030)
- 17.5. Market Revenue, by Application (2017-2030)
Chapter 18. Spain Market
- 18.1. Overview
- 18.2. Market Volume, by Derivative (2017-2030)
- 18.3. Market Revenue, by Derivative (2017-2030)
- 18.4. Market Volume, by Application (2017-2030)
- 18.5. Market Revenue, by Application (2017-2030)
Chapter 19. Japan Market
- 19.1. Overview
- 19.2. Market Volume, by Derivative (2017-2030)
- 19.3. Market Revenue, by Derivative (2017-2030)
- 19.4. Market Volume, by Application (2017-2030)
- 19.5. Market Revenue, by Application (2017-2030)
Chapter 20. China Market
- 20.1. Overview
- 20.2. Market Volume, by Derivative (2017-2030)
- 20.3. Market Revenue, by Derivative (2017-2030)
- 20.4. Market Volume, by Application (2017-2030)
- 20.5. Market Revenue, by Application (2017-2030)
Chapter 21. India Market
- 21.1. Overview
- 21.2. Market Volume, by Derivative (2017-2030)
- 21.3. Market Revenue, by Derivative (2017-2030)
- 21.4. Market Volume, by Application (2017-2030)
- 21.5. Market Revenue, by Application (2017-2030)
Chapter 22. Australia Market
- 22.1. Overview
- 22.2. Market Volume, by Derivative (2017-2030)
- 22.3. Market Revenue, by Derivative (2017-2030)
- 22.4. Market Volume, by Application (2017-2030)
- 22.5. Market Revenue, by Application (2017-2030)
Chapter 23. South Korea Market
- 23.1. Overview
- 23.2. Market Volume, by Derivative (2017-2030)
- 23.3. Market Revenue, by Derivative (2017-2030)
- 23.4. Market Volume, by Application (2017-2030)
- 23.5. Market Revenue, by Application (2017-2030)
Chapter 24. Brazil Market
- 24.1. Overview
- 24.2. Market Volume, by Derivative (2017-2030)
- 24.3. Market Revenue, by Derivative (2017-2030)
- 24.4. Market Volume, by Application (2017-2030)
- 24.5. Market Revenue, by Application (2017-2030)
Chapter 25. Mexico Market
- 25.1. Overview
- 25.2. Market Volume, by Derivative (2017-2030)
- 25.3. Market Revenue, by Derivative (2017-2030)
- 25.4. Market Volume, by Application (2017-2030)
- 25.5. Market Revenue, by Application (2017-2030)
Chapter 26. Saudi Arabia Market
- 26.1. Overview
- 26.2. Market Volume, by Derivative (2017-2030)
- 26.3. Market Revenue, by Derivative (2017-2030)
- 26.4. Market Volume, by Application (2017-2030)
- 26.5. Market Revenue, by Application (2017-2030)
Chapter 27. South Africa Market
- 27.1. Overview
- 27.2. Market Volume, by Derivative (2017-2030)
- 27.3. Market Revenue, by Derivative (2017-2030)
- 27.4. Market Volume, by Application (2017-2030)
- 27.5. Market Revenue, by Application (2017-2030)
Chapter 28. U.A.E. Market
- 28.1. Overview
- 28.2. Market Volume, by Derivative (2017-2030)
- 28.3. Market Revenue, by Derivative (2017-2030)
- 28.4. Market Volume, by Application (2017-2030)
- 28.5. Market Revenue, by Application (2017-2030)
Chapter 29. Competitive Landscape
- 29.1. List of Market Players and their Offerings
- 29.2. Competitive Benchmarking of Key Players
- 29.3. Product Benchmarking of Key Players
- 29.4. Recent Strategic Developments
Chapter 30. Company Profiles
- 30.1. Arkema SA
- 30.1.1. Business overview
- 30.1.2. Product and service offerings
- 30.1.3. Key financial summary
- 30.2. BASF SE
- 30.2.1. Business overview
- 30.2.2. Product and service offerings
- 30.2.3. Key financial summary
- 30.3. LG Chem Ltd.
- 30.3.1. Business overview
- 30.3.2. Product and service offerings
- 30.3.3. Key financial summary
- 30.4. Archer Daniels Midland Company
- 30.4.1. Business overview
- 30.4.2. Product and service offerings
- 30.4.3. Key financial summary
- 30.5. NIPPON SHOKUBAI CO. LTD
- 30.5.1. Business overview
- 30.5.2. Product and service offerings
- 30.5.3. Key financial summary
Chapter 31. Appendix
- 31.1. Abbreviations
- 31.2. Sources and References
- 31.3. Related Reports
