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Bio-based Acrylic Acid Market - Growth, Trends And Forecast (2021 - 2026) By Types, By Application, By Regions and By Key Players: BASF, DowDuPont, Arkema, LG Chem

08 Jan, 2020 | 97 Pages
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Over the next five years the Bio-based Acrylic Acid market will register a +5.6% CAGR in terms of revenue, the global market size will reach US$ xx million by 2026. 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. 


Bio-based Acrylic Acid Market Overview


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 also assesses the key opportunities in the Bio-based Acrylic Acid market and outlines the factors that are and will be driving the growth of the industry. Growth of the overall global Bio-based Acrylic Acid Market has also been forecasted for the period 2021-2026, taking into consideration the previous growth patterns, the growth drivers and the current and future trends.


Who are the Major Players in Bio-based Acrylic Acid Market?


Top Key players in the Bio-based Acrylic Acid Market have been identified through secondary research, and their market shares have been determined through primary and secondary research. The global Bio-based Acrylic Acid Market is fragmented with a large number of small players operating worldwide. The companies referred in the market research report includes BASF, DowDuPont, Arkema, LG Chem, Hexion, and others.


Global Bio-based Acrylic Acid Market research provides a detailed Analytical Insights of global market size, regional and country-level scope, segmentation wise growth, global share, Competition Scenario, sales analysis, impact global market players on domestic players, value chain optimization, trade regulations, Latest developments, future opportunities, product launches, expanding marketplaces, and New technological innovations.


What are the major Applications, Types and Regions for Bio-based Acrylic Acid Market?


Bio-based Acrylic Acid Market is segmented based on the type, applications, companies and regions.


By Type, Bio-based Acrylic Acid Market has been segmented into 


Purity (?99%)


Purity (?99%)


The end user’s industry application on Bio-based Acrylic Acid Market is, 


Super Absorbent Polymers


Coating


Polyacrylic Acid Polymers


Other


The report offers in-depth assessment of the growth and other aspects of the Bio-based Acrylic Acid Market in important regions, including the U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, Taiwan, Southeast Asia, Mexico, and Brazil, etc. Key regions covered in the report are North America, Europe, Asia-Pacific and Latin America.


Bio-based Acrylic Acid Market highlights the potential growth opportunities in upcoming years, while reviewing the market drivers, restraints, growth indicators, challenges, market dynamics, competitive landscape and other key aspects in the global market. The Global Bio-based Acrylic Acid Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry. This Research Study compares the markets of Pre COVID-19 and Post COVID-19 with the impact of COVID-19 on the regional economy.


What is our Bio-based Acrylic Acid Market report scope?


The report incorporates in-depth assessment of the competitive landscape, product market sizing, product benchmarking, market trends, product developments, financial analysis, strategic analysis and so on to gauge the impact forces and potential opportunities of the market. Apart from this the report also includes a study of major developments in the market such as product launches, agreements, acquisitions, collaborations, mergers and so on to comprehend the prevailing market dynamics at present and its impact during the forecast period 2021-2026. The report presents the analysis of Bio-based Acrylic Acid Market for the historical period of 2017-2021 and the forecast period of 2021-2026.


The key insights of the report have been presented through the frameworks of Major Mergers & Acquisitions, Technological Innovations, and Role of Manufacturers during COVID19 Pandemic. Additionally, the major opportunities, trends, drivers and challenges of the industry has been analyzed in the report.


Key Takeaways from this Bio-based Acrylic Acid Report



  • Evaluate Bio-based Acrylic Acid market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.

  • Understand the different dynamics influencing the market - key driving factors, challenges and hidden opportunities.

  • Get in-depth insights on your competitor performance - market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.

  • Analyze the sales and distribution channels across key geographies to improve top-line revenues.

  • Understand the industry supply chain with a deep dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.

  • Get a quick outlook on the Bio-based Acrylic Acid market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.

  • Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the market.


All our reports are customizable to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report to your needs.


  1. Bio-based Acrylic Acid Introduction and Market Overview

    1. Objectives of the Study

    2. Overview of Bio-based Acrylic Acid

    3. Scope of The Study

      1. Key Market Segments

      2. Players Covered

      3. COVID-19's impact on the Bio-based Acrylic Acid industry



    4. Methodology of The Study

    5. Research Data Source



  2. Executive Summary

    1. Market Overview

      1. Global Bio-based Acrylic Acid Market Size, 2016 to 2021

      2. Global Bio-based Acrylic Acid Market Size by Type, 2016 to 2021

      3. Global Bio-based Acrylic Acid Market Size by Application, 2016 to 2021

      4. Global Bio-based Acrylic Acid Market Size by Region, 2016 to 2021



    2. Business Environment Analysis

      1. Global COVID-19 Status and Economic Overview

      2. Influence of COVID-19 Outbreak on Bio-based Acrylic Acid Industry Development





  3. Industry Chain Analysis

    1. Upstream Raw Material Suppliers of Bio-based Acrylic Acid Analysis

    2. Major Players of Bio-based Acrylic Acid

    3. Bio-based Acrylic Acid Manufacturing Cost Structure Analysis

      1. Production Process Analysis

      2. Manufacturing Cost Structure of Bio-based Acrylic Acid

      3. Labor Cost of Bio-based Acrylic Acid



    4. Market Distributors of Bio-based Acrylic Acid

    5. Major Downstream Buyers of Bio-based Acrylic Acid Analysis

    6. The Impact of Covid-19 From the Perspective of Industry Chain

    7. Regional Import and Export Controls Will Exist for a Long Time

    8. Continued downward PMI Spreads Globally



  4. Global Bio-based Acrylic Acid Market, by Type

    1. Global Bio-based Acrylic Acid Value and Market Share by Type (2016 - 2021)

    2. Global Bio-based Acrylic Acid Production and Market Share by Type (2016 - 2021)

    3. Global Bio-based Acrylic Acid Value and Growth Rate by Type (2016 - 2021)
      1. Global Bio-based Acrylic Acid Value and Growth Rate of Purity (?99%)

      2. Global Bio-based Acrylic Acid Value and Growth Rate of Purity (?99%)

      3. Global Bio-based Acrylic Acid Value and Growth Rate of Other



    4. Global Bio-based Acrylic Acid Price Analysis by Type (2016 - 2021)



  5. Bio-based Acrylic Acid Market, by Application

    1. Downstream Market Overview

    2. Global Bio-based Acrylic Acid Consumption and Market Share by Application
      (2016 - 2021)

    3. Global Bio-based Acrylic Acid Consumption and Growth Rate by Application
      (2016 - 2021)
      1. Super Absorbent Polymers Global Bio-based Acrylic Acid Consumption and Growth Rate (2016-2021)
      2. Coating Global Bio-based Acrylic Acid Consumption and Growth Rate (2016-2021)
      3. Polyacrylic Acid Polymers Global Bio-based Acrylic Acid Consumption and Growth Rate (2016-2021)
      4. Other Global Bio-based Acrylic Acid Consumption and Growth Rate (2016-2021)




  6. Global Bio-based Acrylic Acid Market Analysis by Regions

    1. Global Bio-based Acrylic Acid Sales, Revenue and Market Share by Regions

      1. Global Bio-based Acrylic Acid Sales by Regions (2016 - 2021)

      2. Global Bio-based Acrylic Acid Revenue by Regions (2016 - 2021)



    2. North America Bio-based Acrylic Acid Sales and Growth Rate (2016 - 2021)

    3. Europe Bio-based Acrylic Acid Sales and Growth Rate (2016 - 2021)

    4. Asia-Pacific Bio-based Acrylic Acid Sales and Growth Rate (2016 - 2021)

    5. Middle East and Africa Bio-based Acrylic Acid Sales and Growth Rate (2016 - 2021)

    6. South America Bio-based Acrylic Acid Sales and Growth Rate (2016 - 2021)



  7. North America Bio-based Acrylic Acid Market Analysis by Countries

    1. The Influence of COVID-19 on North America Market

    2. North America Bio-based Acrylic Acid Sales, Revenue and Market Share by Countries

      1. North America Bio-based Acrylic Acid Sales by Countries (2016 - 2021)

      2. North America Bio-based Acrylic Acid Revenue by Countries (2016 - 2021



    3. United States Bio-based Acrylic Acid Sales and Growth Rate (2016 - 2021)

    4. Canada Bio-based Acrylic Acid Sales and Growth Rate (2016 - 2021)

    5. Mexico Bio-based Acrylic Acid Sales and Growth Rate (2016 - 2021)



  8. Europe Bio-based Acrylic Acid Market Analysis by Countries

    1. The Influence of COVID-19 on Europe Market

    2. Europe Bio-based Acrylic Acid Sales, Revenue and Market Share by Countries

      1. Europe Bio-based Acrylic Acid Sales by Countries (2016 - 2021)

      2. Europe Bio-based Acrylic Acid Revenue by Countries (2016 - 2021)



    3. Germany Bio-based Acrylic Acid Sales and Growth Rate (2016 - 2021)

    4. UK Bio-based Acrylic Acid Sales and Growth Rate (2016 - 2021)

    5. France Bio-based Acrylic Acid Sales and Growth Rate (2016 - 2021)

    6. Italy Bio-based Acrylic Acid Sales and Growth Rate (2016 - 2021)

    7. Spain Bio-based Acrylic Acid Sales and Growth Rate (2016 - 2021)

    8. Russia Bio-based Acrylic Acid Sales and Growth Rate (2016 - 2021)



  9. Asia Pacific Bio-based Acrylic Acid Market Analysis by Countries

    1. The Influence of COVID-19 on Asia Pacific Market

    2. Asia Pacific Bio-based Acrylic Acid Sales, Revenue and Market Share by Countries

      1. Asia Pacific Bio-based Acrylic Acid Sales by Countries (2016 - 2021)

      2. Asia Pacific Bio-based Acrylic Acid Revenue by Countries (2016 - 2021)



    3. China Bio-based Acrylic Acid Sales and Growth Rate (2016 - 2021)

    4. Japan Bio-based Acrylic Acid Sales and Growth Rate (2016 - 2021)

    5. South Korea Bio-based Acrylic Acid Sales and Growth Rate (2016 - 2021)

    6. India Bio-based Acrylic Acid Sales and Growth Rate (2016 - 2021)

    7. Southeast Asia Bio-based Acrylic Acid Sales and Growth Rate (2016 - 2021)

    8. Australia Bio-based Acrylic Acid Sales and Growth Rate (2016 - 2021)



  10. Middle East and Africa Bio-based Acrylic Acid Market Analysis by Countries

    1. The Influence of COVID-19 on Middle East and Africa Market

    2. Middle East and Africa Bio-based Acrylic Acid Sales, Revenue and Market Share by
      Countries

      1. Middle East and Africa Bio-based Acrylic Acid Sales by Countries
        (2016 - 2021)

      2. Middle East and Africa Bio-based Acrylic Acid Revenue by Countries
        (2016 - 2021)

      Application_List

    3. Saudi Arabia Bio-based Acrylic Acid Sales and Growth Rate (2016 - 2021)

    4. UAE Bio-based Acrylic Acid Sales and Growth Rate (2016 - 2021)

    5. Egypt Bio-based Acrylic Acid Sales and Growth Rate (2016 - 2021)

    6. Nigeria Bio-based Acrylic Acid Sales and Growth Rate (2016 - 2021)

    7. South Africa Bio-based Acrylic Acid Sales and Growth Rate (2016 - 2021)



  11. South America Bio-based Acrylic Acid Market Analysis by Countries

    1. The Influence of COVID-19 on Middle East and Africa Market

    2. South America Bio-based Acrylic Acid Sales, Revenue and Market Share by Countries

      1. South America Bio-based Acrylic Acid Sales by Countries (2016 - 2021)

      2. South America Bio-based Acrylic Acid Revenue by Countries (2016 - 2021)



    3. Brazil Bio-based Acrylic Acid Sales and Growth Rate (2016 - 2021)

    4. Argentina Bio-based Acrylic Acid Sales and Growth Rate (2016 - 2021)

    5. Columbia Bio-based Acrylic Acid Sales and Growth Rate (2016 - 2021)

    6. Chile Bio-based Acrylic Acid Sales and Growth Rate (2016 - 2021)



  12. Competitive Landscape
    1. BASF

      1. BASF Basic Information

      2. Bio-based Acrylic Acid Product Introduction

      3. BASF Production, Value, Price, Gross Margin 2016 - 2021



    2. DowDuPont

      1. DowDuPont Basic Information

      2. Bio-based Acrylic Acid Product Introduction

      3. DowDuPont Production, Value, Price, Gross Margin 2016 - 2021



    3. Arkema

      1. Arkema Basic Information

      2. Bio-based Acrylic Acid Product Introduction

      3. Arkema Production, Value, Price, Gross Margin 2016 - 2021



    4. LG Chem

      1. LG Chem Basic Information

      2. Bio-based Acrylic Acid Product Introduction

      3. LG Chem Production, Value, Price, Gross Margin 2016 - 2021



    5. Hexion

      1. Hexion Basic Information

      2. Bio-based Acrylic Acid Product Introduction

      3. Hexion Production, Value, Price, Gross Margin 2016 - 2021





  13. Industry Outlook

    1. Market Driver Analysis

      1. Market Restraints Analysis

      2. Market Trends Analysis



    2. Merger, Acquisition and New Investment

    3. News of Product Release



  14. Global Bio-based Acrylic Acid Market Forecast

    1. Global Bio-based Acrylic Acid Market Value & Volume Forecast, by Type (2021 - 2025)
      1. Global Bio-based Acrylic Acid Value and Growth Rate of Purity (?99%)

      2. Global Bio-based Acrylic Acid Value and Growth Rate of Purity (?99%)



    2. Global Bio-based Acrylic Acid Market Value & Volume Forecast, by Application (2021 - 2025)
      1. Super Absorbent Polymers Global Bio-based Acrylic Acid Consumption and Growth Rate (2021-2025)
      2. Coating Global Bio-based Acrylic Acid Consumption and Growth Rate (2021-2025)
      3. Polyacrylic Acid Polymers Global Bio-based Acrylic Acid Consumption and Growth Rate (2021-2025)
      4. Other Global Bio-based Acrylic Acid Consumption and Growth Rate (2021-2025)


    3. Bio-based Acrylic Acid Market Analysis and Forecast by Region

      1. North America Market Value and Consumption Forecast (2021 - 2025)

      2. Asia Pacific Market Value and Consumption Forecast (2021 - 2025)

      3. Middle East and Africa Market Value and Consumption Forecast (2021 - 2025)

      4. South America Market Value and Consumption Forecast (2021 - 2025)





  15. New Project Feasibility Analysis

    1. Industry Barriers and New Entrants SWOT Analysis

      1. Porter's Five Forces Analysis

      2. New Entrants SWOT Analysis



    2. Analysis and Suggestions on New Project Investment



SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.

PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.

MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.

EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.

REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.

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