The Bio-Acrylic Acid market size is projected to grow from USD 0.4 billion in to USD 0.9 billion by , at a CAGR of 15.6% during the forecast year. The growth of this market is ascribed to the growing demand for more sustainable and environmentally friendly products, and bio-acrylic acid offers a more sustainable alternative to traditional acrylic acids. Countries such as India, Taiwan, and Indonesia are also witnessing a fast-growing end-use application industry. These countries are welcoming foreign investments and global manufacturers to set up manufacturing facilities is a major opportunity in the market. However, the main challenge for bio-acrylic acid is the cost of production may hinder the growth of the market.
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Demand for silanes to be driven by increasing investment in major infrastructure projects across the world especially in asia pacific region. Building & construction is a major end user of silanes. Silanes are widely used in buildings for the protection of the building environment from deterioration. This sector includes coating materials for construction areas such as food & beverage production facilities, hospitals, pharmaceutical manufacturing areas, and kitchens. Because of advancements in silanes coatings making it suitable for various infrastructure construction.
The use of bio-based acrylic acid to produce butyl acrylate offers an opportunity to develop more sustainable and eco-friendly products, which can help meet the growing demand for sustainable solutions across various industries. Several companies and research institutes are working on developing new and innovative technologies to produce bio-based acrylic acid and its derivatives, including butyl acrylate. These technologies include fermentation-based and chemical catalysis-based processes. They offer the potential to produce bio-based chemicals in a more sustainable and eco-friendly way.
Bio-acrylic acid and its derivatives are increasingly being used as raw materials in the production of paints and coatings. Bio-acrylic acid is commonly used in the production of acrylic emulsion paints, which are water-based paints that are widely used in the construction industry. These paints are valued for their low odor, low VOC emissions, and easy clean-up with water. Acrylic emulsion paints made from bio-acrylic acid are also more resistant to fading and chalking, and they have excellent adhesion to various surfaces. Overall, the use of bio-acrylic acid in paints and coatings offers a promising pathway toward more sustainable and eco-friendly products, which can help meet the growing demand for sustainable solutions in the construction, automotive, and industrial sectors.
The Asia Pacific market includes China, Japan, India, South Korea, Indonesia, Thailand, and Malaysia as major markets for bio-acrylic acid. Paints & coatings and sanitary products are the largest applications of bio-acrylic acid in terms of volume. The Asia Pacific recovered faster to the pre-COVID bio-acrylic acid market size than other regions due to the early opening of the Chinese economy, which is a major consumer of bio-acrylic acid. Growing industrial activities have increased the demand for bio-acrylic acid. Developments in the country&#;s economic activities have led to the increasing demand for bio-acrylic acid in paints and coating, surfactants, adhesives and sealants, and other applications. This trend is expected to continue in the future with the establishment of new plants and capacity additions in the present plants.
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Key players such as Arkema SA (France), BASF SE (Germany), LG Chem Ltd.(Korea), China Petroleum and Chemical Corporation (China), NIPPON SHOKUBAI CO., LTD(Japan), The Dow Chemical Company (US), Evonik Industries AG (Germany), and SIBUR (Russia) have adopted various growth strategies, such as acquisitions, contracts, agreements, and new projects to increase their market shares and enhance their product portfolios.
Arkema SA manufactures and distributes chemical products. High-performance Materials, Industrial Specialty, and Coating Solutions are the company&#;s business segments. The High-performance Materials segment, which includes the Technical Polymers, Filtration and Adsorption, and Organic Peroxides business units, offers high-value solutions used in a variety of industries, including transportation, oil extraction, renewable energies, consumer goods, electronics, construction, coatings, and water treatment. Thiochemicals, fluorochemicals, polymethyl methacrylate, and hydrogen peroxides are all part of the Industrials Specialty category. The Coating Solutions segment offers solutions for ornamental paints, industrial coatings, adhesives, and high-growth acrylic applications.
The Dow Chemical Company, commonly referred to as Dow, manufactures and supplies various chemicals used primarily as raw materials for manufacturing processes in industries such as appliance, automotive, agricultural, building & construction, electronics, furniture, chemical processing, houseware, oil & gas, packaging, paints, coatings & adhesives, personal care, pharmaceutical, processed foods, pulp & paper, textile & carpet, utilities, and water treatment. The company&#;s global operations are carried out through six global businesses, which are organized into the following operating segments: Industrial Intermediates & Infrastructure, Performance Materials & Coatings, and Packaging & Specialty Plastics. Bio-based plasticizers, ethylene copolymer resins, methacrylic acid copolymer resins, low-density polyethylene (LDPE), high-density polyethylene (HDPE), linear low-density polyethylene (LLDPE), ethylene vinyl acetate (EVA), polyethylene (PE), and elastomers are among the products offered by its packaging and specialty plastics business. Dow has over 109 manufacturing facilities in 31 countries across the globe. The strong global presence has allowed the company to develop strong value chains that have helped in the company&#;s survival.
Evonik Industries AG is engaged in the manufacturing of specialty chemical products. It operates through key business segments, including Nutrition & Care, Performance Materials, Smart Materials, Specialty Adhesives, and Technology & Infrastructure. The company&#;s Performance Materials division comprises the Performance Polymers and Intermediates business units. This segment serves various end-use industries, such as electronics, automotive, aviation, and photovoltaic (PV). The subsidiaries of the company are Evonik Degussa GmbH (Germany), Evonik Degussa Antwerpen NV (Belgium), and Evonik Degussa Canada, Inc. (Canada). It has manufacturing operations in 102 locations across 27 countries and a global footprint in 100 countries.
What are your views on the growth prospects of the Bio- Acrylic Acid market?
The increased usage of bio acrylic acid in hygiene products and paints and coating applications will drive the Market.
What is the current scenario, and how will it change in the future?
In the current scenario bio acrylic acid Market is in starting stage / emerging stage. The usage of Bio acrylic acid in applications will generate demand.
What are the trends in the Bio- Acrylic Acid market? How do you see the market changing in the future?
North America is expected to have a significantly consistent revenue growth rate. This is due to the fast expansion of the superabsorbent polymer industry. This is projected to boost bio-based acrylic acid use and drive global revenue growth. Furthermore, increased knowledge of the environmental benefits of using renewable and bio-based products. This is projected to boost revenue growth in the industry.
Who are the major players in the Bio- Acrylic Acid market?
BASF SE, China Petroleum & Chemical Corporation (SINOPEC), Arkema S.A., Mitsubishi Chemical Holdings Corporation., The Dow Chemical Company, The Lubrizol Corporation.
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Acrylic acid (IUPAC: prop-2-enoic acid) is an organic compound with the formula CH2=CHCOOH. It is the simplest unsaturated carboxylic acid, consisting of a vinyl group connected directly to a carboxylic acid terminus. This colorless liquid has a characteristic acrid or tart smell. It is miscible with water, alcohols, ethers, and chloroform. More than a million tons are produced annually.[6]
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The word "acrylic" was coined in , for a chemical derivative of acrolein, an acrid-smelling oil derived from glycerol.
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Acrylic acid is produced by oxidation of propylene, which is a byproduct of the production of ethylene and gasoline:
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Because acrylic acid and its esters have long been valued commercially, many other methods have been developed. Most have been abandoned for economic or environmental reasons. An early method was the hydrocarboxylation of acetylene ("Reppe chemistry"):
This method requires nickel carbonyl, high pressures of carbon monoxide, and acetylene, which is relatively expensive compared to propylene.
Acrylic acid was once manufactured by the hydrolysis of acrylonitrile, a material derived from propene by ammoxidation, but this route was abandoned because it cogenerates ammonium side products, which must be disposed of. Other now abandoned precursors to acrylic acid include ethenone and ethylene cyanohydrin.[6]
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Carboxylating ethylene to acrylic acid under supercritical carbon dioxide is thermodynamically possible, but efficient catalysts have not been developed.[7] 3-Hydroxypropionic acid (3HP), an acrylic-acid precursor by dehydration, can be produced from sugars, but the process is not competitive.[8][9]
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Acrylic acid undergoes the typical reactions of a carboxylic acid. When reacted with an alcohol, it forms the corresponding ester. The esters and salts of acrylic acid are collectively known as acrylates (or propenoates). The most common alkyl esters of acrylic acid are methyl, butyl, ethyl, and 2-ethylhexyl acrylate.
Acrylic acid and its esters readily combine with themselves (to form polyacrylic acid) or other monomers (e.g. acrylamides, acrylonitrile, vinyl compounds, styrene, and butadiene) by reacting at their double bond, forming homopolymers or copolymers, which are used in the manufacture of various plastics, coatings, adhesives, elastomers, as well as floor polishes and paints.
Acrylic acid is used in many industries, including the diaper industry, the water treatment industry, and the textile industry. The annual worldwide consumption of acrylic acid is projected to reach more than an estimated 8,000 kilotons by . This increase is expected due to its use in new applications, including personal care products, detergents, and products for adult incontinence.[10]
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As a substituent acrylic acid can be found as an acyl group or a carboxyalkyl group, depending on the removal of the group from the molecule.
More specifically, these are:
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Acrylic acid is severely irritating and corrosive to the skin and the respiratory tract. Eye contact can result in severe and irreversible injury. Low exposure will cause minimal or no health effects, while high exposure could result in pulmonary edema. The LD50 is 340 mg/kg (rat, oral) with the lowest recorded LD50 being 293 mg/kg (oral, rat) comparable to ethylene glycol which is indicative of being a potent poison.[11] Ethyl acrylate was once used as synthetic food flavoring and was withdrawn by FDA possibly due to cancerogenic effects observed in lab animals.[12]
Animal studies showed that high-doses of acrylic acid decreased weight gain. Acrylic acid can be converted to non-toxic lactic acid.[13]
Acrylic acid is a constituent of tobacco smoke.[14]
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