Global Bio-acrylic Acid Market - Segmented by Raw Material Type, Product Type, Application, and Geography - Growth, Trends, and Forecast (2018 - 2023)
|発行||Mordor Intelligence LLP||商品コード||357597|
|出版日||ページ情報||英文 136 Pages
|バイオアクリル酸の世界市場：原材料タイプ、製品タイプ、アプリケーション、地域別の成長率、動向、および予測（2018年〜2023年） Global Bio-acrylic Acid Market - Segmented by Raw Material Type, Product Type, Application, and Geography - Growth, Trends, and Forecast (2018 - 2023)|
|出版日: 2018年04月01日||ページ情報: 英文 136 Pages||
The market for bio-acrylic acid is expected to register a significant growth during 2018 to 2023 (the forecast period).This significant growth is majorly driven by the increase in the number of stringent regulations over conventional acrylic acids.
Stringent Regulations over Conventional Organic Acids
The market for bio-acrylic acids is majorly driven by the stringent environmental regulations imposed by regulatory bodies of various countries on conventional acrylic acid producers. Organic acids can serve as platform chemicals for the production of polymers, food, coatings, lubricating oils, pharmaceuticals, cosmetics, solvents, and other materials. Recently, bio-acrylic acids have been gaining significance as a replacement for conventional organic acids, due to their renewability and eco-friendly nature, which is a key tool for increasing the market share of the global bio-acrylic acid market, in the forecast period.
Acrylic Esters Segment to Dominate the Market Share
Among product types, acrylic esters holds the highest market share of the global bio-acrylic acid market, accounting to around 60% of the market share. The acrylic esters are further segmented into methyl acrylate, ethyl acrylate, butyl acrylate, and 2-ethylhexyl acrylate. The key applications of acrylic esters is majorly found in paints and coatings, adhesives and sealants, textiles and plastics. The immensely growing paints & coatings industry is quite helpful in fueling market growth for acrylic esters, which in turn, is expected to drive the demand for global bio-acrylic acid market in the nearby future.
Asia-Pacific to Ignite the Market Growth
Though Europe is the largest regional market for global bio-acrylic acid, Asia-Pacific is also an important market, as it represents the fastest growing regional market. The increasing demand from water treatment, cosmetics, and coating industries of countries, like China, India, Thailand, and Korea, is providing significant opportunity for the bio-acrylic acid market to continue a very fast pace of growth. Moreover, since, the product is an intermediate and is bio-degradable in nature, it has been widely accepted by industries for various other purposes, such as polymer resins. The large market size, with this huge growth of the Asia-Pacific region, is quite instrumental in the expansion of the global bio-acrylic acid market.
Key Developments in the Market
August 2017: The discovery of the Monascus ruber micro-organism proved to be the crucial step in producing organic acids in large-scale industrial fermentation processes.
Major Players: BASF Corporation, Myriant Corporation, BioAmber Inc., Koninklijke DSM N.V., and Braskem, amongst others.
Reasons to Purchase this Report
Identify the Current and future prospects of the global bio-acrylic acid market in the developed and emerging markets
Analyze various perspectives of the market with the help of Porter's five forces analysis
Information of the segment that is expected to dominate the market
Identify the region that is expected to witness the fastest growth during the forecast period
Identify the latest developments, market shares, and strategies employed by the major market players
3 months analyst support, along with the Market Estimate sheet (in excel)
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