Bio-acrylic acids are widely used for manufacturing hygiene products, such as diapers, wipes, and famine hygiene products, due to super absorbent properties. Bio-acrylic acid is widely used to extract liquid making the surface dry and reducing skin irritation caused by the wetness. This has led to increased adoption of bio-acrylic acid and is expected to further drive market revenue growth during the forecast period.

Bio-acrylic acid is manufactured by using renewable raw materials, such as sugarcane juice, corn, and others, which makes it one of the renewable acids. This has led to an increase in its adoption in various industrial and commercial products, driving the revenue growth of the market. Increasing adoption of bio-acrylic acid due to its wide usage for color stability, clarity, heat, and aging resistance are some other factors driving market revenue growth.

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Some Key Highlights of Report

• Elastomers segment revenue is expected to register a substantially rapid CAGR during the forecast period due to rising usage of elastomers in acrylic paints and coatings.
• Paints coatings segment is expected to account for the largest revenue share over the forecast period due to rapid growth of construction industry, which has led to increased need for paints and coatings.
• Asia Pacific is expected to register a steady revenue growth rate in bio-acrylic acid market over the forecast period due to the rapid growth of feminine hygiene industry in the region. Rapid growth of construction industry is another factor expected to increase the usage of bio-acrylic acid in paints and coatings.

Competitive Landscape:

Furthermore, the report includes an in-depth analysis of the competitive landscape. The segment covers a comprehensive overview of the company profiles along with product profiles, production capacities, products/services, pricing analysis, profit margins, and manufacturing process developments. The report also covers strategic business measures undertaken by the companies to gain substantial market share. The report provides insightful information about recent mergers and acquisitions, product launches, collaborations, joint ventures, partnerships, agreements, and government deals.

Some major companies in the global market report include BASF SE, China Petroleum Chemical Corporation (SINOPEC), Arkema S.A., Mitsubishi Chemical Holdings Corporation, The Dow Chemical Company, The Lubrizol Corporation, Evonik Industries AG, PTTGC Innovation America Corporation, Formosa Plastics Corporation, and SIBUR International GmbH

Emergen Research has segmented the global bio-acrylic acid market on the basis of derivatives, application, and region:

• Derivatives Outlook (Revenue, USD Billion, 2019–2030)
  • Methyl Acrylate
  • Ethyl Acrylate
  • Butyl Acrylate
  • Elastomers
  • 2-Ethylhexy Acrylate
  • Super Absorbent Polymer
• Application Outlook (Revenue, USD Billion, 2019–2030)
  • Paints Coatings
  • Surfactants
  • Adhesives Sealants
  • Textiles
  • Sanitary Products
  • Others

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