Europe Bio-based Acrylic Acid Market was valued at USD 0.5 Billion in 2022 and is projected to reach USD 1.1 Billion by 2030, growing at a CAGR of 9.5% from 2024 to 2030.
The Europe Bio-based Acrylic Acid market has been experiencing significant growth, driven by increasing demand for sustainable alternatives to traditional petroleum-based products. Acrylic acid, primarily used in the production of superabsorbent polymers, paints, coatings, and adhesives, is gaining traction among industries seeking environmentally friendly solutions. Bio-based acrylic acid, derived from renewable resources such as plant-based feedstocks, offers a cleaner and more sustainable alternative, thus meeting the growing environmental requirements across various sectors.
One of the primary drivers behind the growing demand for bio-based acrylic acid is the increased awareness regarding environmental impact and the need to reduce carbon emissions. European manufacturers are under pressure to adopt sustainable practices to meet the region's stringent environmental regulations. With the rise of green chemistry, industries are actively seeking bio-based options, which are perceived as more eco-friendly. This shift is not only fueled by environmental concerns but also by the rising consumer preference for sustainable products. For instance, bio-based acrylic acid helps reduce reliance on non-renewable resources, presenting a significant opportunity for companies in industries like packaging, textiles, and personal care.
The requirement for bio-based acrylic acid varies by industry. In the automotive and construction sectors, bio-based acrylic acid is essential for the production of high-performance coatings and adhesives. The paints and coatings industry, in particular, is adopting bio-based solutions to meet sustainability goals and comply with regulatory standards. In the personal care and cosmetics industry, bio-based acrylic acid is used in the formulation of eco-friendly products, catering to consumers’ demand for sustainable beauty solutions. Furthermore, the demand for bio-based acrylic acid in the agricultural sector is also growing, as it plays a crucial role in creating environmentally safe agricultural films and other applications.
The European bio-based acrylic acid market is expected to continue its upward trajectory due to the increasing adoption of green technologies and the rising demand for sustainable chemicals. As industries across the continent align their operations with sustainability goals, bio-based acrylic acid is becoming a pivotal raw material. By investing in this market, businesses can tap into the vast potential of renewable resources while meeting consumer expectations and contributing to a more sustainable future.
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BASF
DowDuPont
Arkema
LG Chem
Hexion
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Europe Bio-based Acrylic Acid Market
Adhesives and Sealants
Paints and Coatings
Textiles
Personal Care Products
Plastics and Polymers
Construction Materials
Superabsorbent Polymers
Coating Formulations
Textile Finishing Agents
Adhesive Formulations
Modification of Resins
Emulsions
Powders
Liquids
Fermentation Process
Catalytic Process
Biotechnological Process
Natural Feedstocks
Agricultural Residues
Biomass Sources
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Europe Bio-based Acrylic Acid Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Europe Bio-based Acrylic Acid Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Europe Bio-based Acrylic Acid Market, By Type
6. Europe Bio-based Acrylic Acid Market, By Application
7. Europe Bio-based Acrylic Acid Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Europe Bio-based Acrylic Acid Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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