Global Bio-based Acrylic Acid Market Analysis and Forecast, 2022-2028

Global Bio-based Acrylic Acid Market Analysis and Forecast, 2022-2028

The global bio-based acrylic acid market is set to cross US$ 9.0 billion by 2028, growing at a CAGR of 6.9% over the forecast period of 2022-2028.

Market Scope & Overview

The global bio-based acrylic acid market study comprises comprehensive market analysis and insights across the key market segments and geography. The market report analyzes the global market for the historical period of 2019-2021 and the forecast period of 2022-2028 based on the product installed base, key forecasting factors impacting the market conditions, and major market developments happening in the market throughout the analysis period.  practices primary and secondary research for conducting an insightful market study. Various market parameters such as macroeconomic conditions, market environment, government policies, and competitive landscape are thoroughly studied and taken into account while analyzing the market.

The global bio-based acrylic acid market report also covers value chain and supply chain analysis that provides in-depth information about the value addition at each stage of the product. Market dynamics incorporated in the market study include drivers, restraints/challenges, trends, and their impact on the market throughout the analysis period.

The global Bio-based acrylic acid market includes a market share analysis and market structure overview with detailed company profiling of leading players with their financials, product offerings, major developments, etc. This enables, clients and report buyers to make strong, precise, and timely decisions.

State of Global Economy, COVID-19 Outbreak, and the Russo-Ukraine War Impact

The global economy experienced heavy headwinds, throughout 2019-2021, as some countries witnessed subdue growth, while other countries continued to grapple with economic slowdowns. Also, intensifying tension between the US and Iran along with the tightening sanctions on Venezuela by the US further hampered global economic growth in 2019. Moreover, the heightened trade war between the US and China and the rising trade uncertainty continued to exert adverse effects on the global economy. Amid all these, the COVID-19 outbreak at the end of the year 2019 in Wuhan, China further deteriorated global economic growth.

The COVID-19 pandemic has levied undue pressure across the majority of industries globally and has caused a major economic crisis in the US, India, Italy, UK, Germany, India, Japan, South Korea, the UK, and many others. Many of these countries had announced partial or complete nationwide lockdowns. The governments of several nations have called on people to shelter in place at home, travel restrictions, shut down local businesses, and prohibited social gatherings.

The rapid spread of the virus in the early month of 2020 followed by a second wave of COVID-19 caused a significant change in management strategies of the leading industries which have affected the market or industry at a significant level. Besides, the exit of the UK from the European Union earlier in 2020 and the Russo-Ukraine war in 2022 exacerbated the ever-heightened global uncertainty.

Key Market Segmentation and Companies

segmented the global Bio-based acrylic acid market based on type, raw material, application, and region.

By Type

o	Acrylic Esters

o	Ethyl Acrylate

o	Methyl Acrylate

o	Ethylhexyl Acrylate

o	Butyl Acrylate

o	Others (Hydroxypropyl acrylate, etc.)

By Raw Material

o	Corn

o	Sugar

o	Maize

o	Others (Biomass, etc.)

By Application

o	Petrochemicals

o	Healthcare

o	Adhesives

o	Plastics

o	Textiles

o	Paper

o	Water Treatment

o	Detergents

o	Others (Diapers, etc.)

By Region

o	North America

o	US

o	Canada

o	Latin America

o	Brazil

o	Mexico

o	Rest of Latin America

o	Western Europe

o	Germany

o	UK

o	France

o	Spain

o	Italy

o	Benelux

o	Nordic

o	Rest of Western Europe

o	Eastern Europe

o	Russia

o	Poland

o	Rest of Eastern Europe

o	Asia Pacific

o	China

o	Japan

o	India

o	South Korea

o	Australia

o	ASEAN (Indonesia, Vietnam, Malaysia, etc.)

o	Rest of Asia Pacific

o	Middle East & Africa

o	GCC

o	South Africa

o	Turkey

o	Rest of the Middle East & Africa

Leading Companies and Market Players

o	Cargill Inc.

o	BASF SE

o	Novozymes A/S

o	The Dow Chemical Company

o	LG Chemical

o	Archer Daniels Midland

o	Arkema Group

o	Mitsubishi Chemical Corporation

o	Nippon Shokubai Co. Ltd

o	SIBUR International GmbH

o	Evonik Industries AG

Global Bio-based Acrylic Acid Market Analysis and Forecast 2019-2028

Table of Contents

1.	Market Introduction
1.1.	Scope of Study 
1.2.	Problem Statement
1.3.	Market Segmentation
2.	Assumptions and Acronyms
3.	Executive Summary 
3.1.	Global Market in 2022
3.2.	Analyst Insights & Recommendations	
3.3.	Growth Opportunities and Key Strategies
3.4.	Supply-side and Demand-side Trends  
4.	Research Methodology 
5.	Analysis of COVID-19 Impact and Road Ahead
6.	Market Indicators and Background 
6.1.	Macro-Economic Factors
6.2.	Forecasting Factors
Robust assessment of various factors including industrial performance, industry players' expenditures, and economic conditions, among others 
6.3.	Supply Chain & Value Chain Analysis 
6.4.	Industry SWOT Analysis
6.5.	PESTLE Analysis 
6.6.	Porter's Five Forces Analysis 
7.	Government Laws and Industry Regulations
8.	Global and Regional Market Dynamics 
8.1.	Drivers
8.2.	Restraints
8.3.	Trends
8.4.	Opportunities
9.	Global Bio-based Acrylic Acid Market: Technology Assessment
Robust assessment of key technologies incorporated during the production of various types of bio-based acrylic acid that are commercialized in the marketplace
10.	Trade Analysis: EXIM Analysis
10.1.	Export Data by Volume and by Value 
10.2.	Import Data by Volume and by Value 
11.	Parent Market Overview: Global Chemicals Market
12.	Segmental Analysis
12.1.	Global Bio-based Acrylic Acid Market by Type
12.1.1.	Acrylic Esters
12.1.2.	Ethyl Acrylate
12.1.3.	Methyl Acrylate
12.1.4.	Ethylhexyl Acrylate
12.1.5.	Butyl Acrylate
12.1.6.	Others (Hydroxypropyl acrylate, etc.)        
12.2.	Global Bio-based Acrylic Acid Market by Raw Material
12.2.1.	Corn
12.2.2.	Sugar
12.2.3.	Maize
12.2.4.	Others (Biomass, etc.)
12.3.	Global Bio-based Acrylic Acid Market by Application
12.3.1.	Petrochemicals
12.3.2.	Healthcare
12.3.3.	Adhesives
12.3.4.	Plastics
12.3.5.	Textiles
12.3.6.	Paper
12.3.7.	Water Treatment
12.3.8.	Detergents
12.3.9.	Others (Diapers, etc.)
12.4.	Global Bio-based Acrylic Acid Market by Region
12.4.1.	North America
12.4.2.	Latin America
12.4.3.	Western Europe
12.4.4.	Eastern Europe
12.4.5.	Asia Pacific 
12.4.6.	Middle East & Africa
13.	Regional Analysis
13.1.	North America Bio-based Acrylic Acid Market Analysis and Forecast 2019-2028
13.1.1.	Regional Market Overview and Key Takeaways 
13.1.2.	North America Bio-based Acrylic Acid Market by Type
13.1.3.	North America Bio-based Acrylic Acid Market by Raw Material
13.1.4.	North America Bio-based Acrylic Acid Market by Application
13.1.5.	North America Bio-based Acrylic Acid Market by Country
13.1.5.1.	US
13.1.5.2.	Canada
13.2.	Asia Pacific Bio-based Acrylic Acid Market Analysis and Forecast 2019-2028
13.2.1.	Regional Market Overview and Key Takeaways 
13.2.2.	Asia Pacific Bio-based Acrylic Acid Market by Type
13.2.3.	Asia Pacific Bio-based Acrylic Acid Market by Raw Material
13.2.4.	Asia Pacific Bio-based Acrylic Acid Market by Application
13.2.5.	Asia Pacific Bio-based Acrylic Acid Market by Country
13.2.5.1.	China
13.2.5.2.	Japan
13.2.5.3.	India
13.2.5.4.	South Korea
13.2.5.5.	Australia
13.2.5.6.	ASEAN 
13.2.5.7.	Rest of Asia-Pacific
13.3.	Western Europe Bio-based Acrylic Acid Market Analysis and Forecast 2019-2028
13.3.1.	Regional Market Overview and Key Takeaways 
13.3.2.	Western Europe Bio-based Acrylic Acid Market by Type
13.3.3.	Western Europe Bio-based Acrylic Acid Market by Raw Material
13.3.4.	Western Europe Bio-based Acrylic Acid Market by Application
13.3.5.	Western Europe Bio-based Acrylic Acid Market by Country
13.3.5.1.	Germany
13.3.5.2.	UK
13.3.5.3.	France 
13.3.5.4.	Spain
13.3.5.5.	Italy
13.3.5.6.	Benelux
13.3.5.7.	Nordic 
13.3.5.8.	Rest of Western Europe
13.4.	Eastern Europe Bio-based Acrylic Acid Market Analysis and Forecast 2019-2028
13.4.1.	Regional Market Overview and Key Takeaways 
13.4.2.	Eastern Europe Bio-based Acrylic Acid Market by Type
13.4.3.	Eastern Europe Bio-based Acrylic Acid Market by Raw Material
13.4.4.	Eastern Europe Bio-based Acrylic Acid Market by Application
13.4.5.	Eastern Europe Bio-based Acrylic Acid Market by Country
13.4.5.1.	Russia
13.4.5.2.	Poland
13.4.5.3.	Rest of Eastern Europe
13.5.	Latin America Bio-based Acrylic Acid Market Analysis and Forecast 2019-2028
13.5.1.	Regional Market Overview and Key Takeaways 
13.5.2.	Latin America Bio-based Acrylic Acid Market by Type
13.5.3.	Latin America Bio-based Acrylic Acid Market by Raw Material
13.5.4.	Latin America Bio-based Acrylic Acid Market by Application
13.5.5.	Latin America Bio-based Acrylic Acid Market by Country
13.5.5.1.	Brazil
13.5.5.2.	Mexico
13.5.5.3.	Rest of Latin America
13.6.	Middle East & Africa Bio-based Acrylic Acid Market Analysis and Forecast 2019-2028 
13.6.1.	Regional Market Overview and Key Takeaways 
13.6.2.	Middle East & Africa Bio-based Acrylic Acid Market by Type
13.6.3.	Middle East & Africa Bio-based Acrylic Acid Market by Raw Material
13.6.4.	Middle East & Africa Bio-based Acrylic Acid Market by Application
13.6.5.	Middle East & Africa Bio-based Acrylic Acid Market by Country    
13.6.5.1.	GCC
13.6.5.2.	South Africa
13.6.5.3.	Turkey 
13.6.5.4.	Rest of the Middle East & Africa
14.	Competitive Landscape
14.1.	Competition Dashboard 
14.1.1.	Global and Regional Market Share Analysis 
14.1.2.	Market Structure 
14.2.	Competitive Benchmarking
14.3.	Key Strategy Analysis
14.4.	Company Profiles 
14.4.1.	BASF SE 
14.4.1.1.	Company Overview
14.4.1.2.	Product/Service Offerings
14.4.1.3.	Financials
14.4.1.4.	Recent Developments
14.4.2.	Novozymes A/S 
14.4.2.1.	Company Overview
14.4.2.2.	Product/Service Offerings
14.4.2.3.	Key Financials
14.4.2.4.	Recent Developments
14.4.3.	Cargill Inc.
14.4.3.1.	Company Overview
14.4.3.2.	Product/Service Offerings
14.4.3.3.	Key Financials
14.4.3.4.	Recent Developments
14.4.4.	The Dow Chemical Company
14.4.4.1.	Company Overview
14.4.4.2.	Product/Service Offerings
14.4.4.3.	Financials
14.4.4.4.	Recent Developments
14.4.5.	LG Chemical 
14.4.5.1.	Company Overview
14.4.5.2.	Product/Service Offerings
14.4.5.3.	Financials
14.4.5.4.	Recent Developments
14.4.6.	Archer Daniels Midland 
14.4.6.1.	Company Overview
14.4.6.2.	Product/Service Offerings
14.4.6.3.	Financials
14.4.6.4.	Recent Developments
14.4.7.	Arkema Group
14.4.7.1.	Company Overview
14.4.7.2.	Product/Service Offerings
14.4.7.3.	Financials
14.4.7.4.	Recent Developments
14.4.8.	Mitsubishi Chemical Corporation 
14.4.8.1.	Company Overview
14.4.8.2.	Product/Service Offerings
14.4.8.3.	Financials
14.4.8.4.	Recent Developments
14.4.9.	Nippon Shokubai Co. Ltd
14.4.9.1.	Company Overview
14.4.9.2.	Product/Service Offerings
14.4.9.3.	Financials
14.4.9.4.	Recent Developments
14.4.10.	SIBUR International GmbH
14.4.10.1.	Company Overview
14.4.10.2.	Product/Service Offerings
14.4.10.3.	Financials
14.4.10.4.	Recent Developments
14.4.11.	Evonik Industries AG 
14.4.11.1.	Company Overview
14.4.11.2.	Product/Service Offerings
14.4.11.3.	Financials
14.4.11.4.	Recent Developments
15.	Disclaimer

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