The Bio Acrylic Acid market research report analyzes global adoption trends, future growth potentials, key drivers, competitive outlook, restraints, opportunities, key challenges, market ecosystem, and value chain analysis. This report presents a detailed analysis, market sizing, and forecasting for the emerging segment within the Bio Acrylic Acid market. The report is thoroughly segmented by product type, application, vertical, and region.
Although many companies have invested in research and development, Bio Acrylic Acid technology still deals with small scale trial production. Production is far below commercial production. Novozymes and Cargill jointly developed 3-hydroxypropionic acid (3-HP), a raw material for bio-based acrylic acid, in pilot scale. Cargill and Novozymes started the partnership in 2008 with BASF joining in 2012, but BASF exit in 2015, because it could not reach the targets for commercializing a dextrose-based product. On the other hand, before acquired by Cargill, OPX Biotechnologies pivoted from a strategy of commercializing bio-acrylic via joint venture with development partners to a licensing strategy. Metabolix has successfully developed bio-based acrylic acid using FAST (fast-acting, selective thermolysis) technique in laboratory setting.
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Production cost for their bio acrylic acid will be at par compared to petroleum-based acrylic acid, the market price for bio acrylic acid within the initial commercialization phase will be based on supply and demand factors. By 2022, Bio Acrylic Acid could be producing â€” still a very small portion compared to the overall 10.36 m tons global acrylic acid market.
Frequency, Time Period
2012-- 2017 base years
5-year annual forecast (2018 - 2022)
Shipments, Revenue, and ASP
Segmentation by Product Type
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Segmentation by Product Application
Region and Country Coverage:
Key Issues Addressed
Competitive Landscape and Strategic Recommendations
The market forecast and growth areas for @@@@ Market
Changing Market Trends and Emerging Opportunities
Market size and the growth rate in 2022
Historical shipment and revenue
Analysis key applications
Main Players market share
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