DUBLIN, Oct. 13, 2014 /PRNewswire/ -- Research and Markets has announced the addition of the "Global Acrylic Acid Market (Derivatives Types, End Users and Geography) - Size, Share, Global Trends, Company Profiles, Demand, Insights, Analysis, Research, Report, Opportunities, Segmentation and Forecast, 2013 - 2020" report to their offering.
According to the new report titled "Global Acrylic Acid Market (Derivatives Types, End Users and Geography) - Industry Analysis, Trends, Share, Opportunities and Forecast, 2013 - 2020", the global acrylic acid market is forecast to reach $18.8 billion by 2020 from $11.0 billion in 2013, registering a CAGR of 7.6% during the forecast period (2014 - 2020). The global consumption of acrylic acid would reach 8,169 kilo tons by 2020.
Acrylic acid as precursor for various chemicals processes and as an intermediary for industrial processes such as surface coating, paper treatment, plastic additives, and textiles; has witnessed a surge in demand over past few years. The factors fueling the demand of acrylic acid market are growth in demand for superabsorbent polymers, growing usage of acrylic-based products in emerging economies and further development in the industries such as adhesives and sealants. Stringent government regulations pertaining to the environmental safety & human health and volatile prices of the raw materials are restricting the growth of the market globally.
Production of acrylic acid largely depends on fossil fuel resources; therefore, due to the rising price of crude oil globally, manufacturers are now focusing on developing and commercializing renewable acrylic acid. Recently, BASF, Novozymes, and Cargill jointly developed 3-hydroxypropionic acid (3-HP), a raw material for bio-based acrylic acid, in pilot scale. On the other hand, OPX Biotechnologies is aiming to commercialize bio acrylic acid by 2017 with its partner Dow Chemicals.
Metabolix has successfully developed bio-based acrylic acid using FAST (fast-acting, selective thermolysis) technique in laboratory setting. Such and other developments will provide a platform for the future growth of acrylic acid globally due to its cost advantage, efficiency and its eco-friendly product outcomes.
The acrylic acid market is studied based on derivatives types, end users and geography. Among acrylic esters, acrylic polymers and other derivatives; acrylic esters segment leads the global market both in terms of volume as it is widely used as raw materials for producing adhesives, water-based paints, synthetic rubbers and synthetic resins. Acrylic polymers is the fastest growing segment in the derivative types market due to its broad spectrum of applications in industries such as surface coatings, surfactants, diapers and cosmetics.
Key Topics Covered:
CHAPTER 1 INTRODUCTION
CHAPTER 2 EXECUTIVE SUMMARY
CHAPTER 3 MARKET OVERVIEW
CHAPTER 4 GLOBAL ACRYLIC ACID MARKET BY DERIVATIVE TYPES
CHAPTER 5 GLOBAL ACRYLIC ACID MARKET BY END USERS
CHAPTER 6 GLOBAL ACRYLIC ACID MARKET BY GEOGRAPHY
CHAPTER 7 COMPANY PROFILES
- Arkema SA
- BASF SE
- Dow Chemical Company
- Evonik Industries Ag
- LG Chem LTD.
- Momentive Specialty Chemicals
- Myriant Corporation
- SunVic Chemical Holdings Limited
- The Lubrozol Corporation
For more information visit http://www.researchandmarkets.com/research/7nqvh9/global_acrylic
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SOURCE Research and Markets