Global Bio based Acrylic Acid
Market Report
2025
The global Bio-based Acrylic Acid Market size will be USD 415.6 million in 2024. Rising demand for more sustainable and environmentally friendly products is expected to boost sales to USD 1188.82 million by 2031, with a Compound Annual Growth Rate (CAGR) of 16.20% from 2024 to 2031.
The base year for the calculation is 2024 and 2021 to 2024 will be historical period. The year 2025 will be estimated one while the forecasted data will be from year 2025 to 2033. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global Bio-based Acrylic Acid Market size will be USD 415.6 million in 2024. It will expand at a compound annual growth rate (CAGR) of 16.20% from 2024 to 2031.
2019 | 2024 | 2025 | 2032 | 2033 | CAGR | |
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Global Bio based Acrylic Acid Market Sales Revenue | 121212 | $ 415.6 Million | 121212 | 121212 | 121212 | 16.2% |
North America Bio based Acrylic Acid Market Sales Revenue | 121212 | $ 166.24 Million | 121212 | 121212 | 121212 | 14.4% |
United States Bio based Acrylic Acid Market Sales Revenue | 121212 | $ 131.16 Million | 121212 | 121212 | 121212 | 14.2% |
Mexico Bio based Acrylic Acid Market Sales Revenue | 121212 | $ 15.13 Million | 121212 | 121212 | 121212 | 14.9% |
Canada Bio based Acrylic Acid Market Sales Revenue | 121212 | $ 19.65 Million | 121212 | 121212 | 121212 | 15.2% |
Europe Bio based Acrylic Acid Market Sales Revenue | 121212 | $ 124.68 Million | 121212 | 121212 | 121212 | 14.7% |
Spain Bio based Acrylic Acid Market Sales Revenue | 121212 | $ 10.22 Million | 121212 | 121212 | 121212 | 13.8% |
United Kingdom Bio based Acrylic Acid Market Sales Revenue | 121212 | $ 20.95 Million | 121212 | 121212 | 121212 | 15.5% |
Russia Bio based Acrylic Acid Market Sales Revenue | 121212 | $ 19.33 Million | 121212 | 121212 | 121212 | 13.7% |
Italy Bio based Acrylic Acid Market Sales Revenue | 121212 | $ 10.72 Million | 121212 | 121212 | 121212 | 14.1% |
Germany Bio based Acrylic Acid Market Sales Revenue | 121212 | $ 24.69 Million | 121212 | 121212 | 121212 | 14.9% |
France Bio based Acrylic Acid Market Sales Revenue | 121212 | $ 11.47 Million | 121212 | 121212 | 121212 | 13.9% |
Rest of Europe Bio based Acrylic Acid Market Sales Revenue | 121212 | $ 19.33 Million | 121212 | 121212 | 121212 | 13.4% |
Asia Pacific Bio based Acrylic Acid Market Sales Revenue | 121212 | $ 95.59 Million | 121212 | 121212 | 121212 | 18.2% |
China Bio based Acrylic Acid Market Sales Revenue | 121212 | $ 43.01 Million | 121212 | 121212 | 121212 | 17.7% |
Australia Bio based Acrylic Acid Market Sales Revenue | 121212 | $ 4.97 Million | 121212 | 121212 | 121212 | 17.9% |
India Bio based Acrylic Acid Market Sales Revenue | 121212 | $ 11.47 Million | 121212 | 121212 | 121212 | 20% |
Korea Bio based Acrylic Acid Market Sales Revenue | 121212 | $ 9.56 Million | 121212 | 121212 | 121212 | 17.3% |
Japan Bio based Acrylic Acid Market Sales Revenue | 121212 | $ 13.19 Million | 121212 | 121212 | 121212 | 16.7% |
Rest of APAC Bio based Acrylic Acid Market Sales Revenue | 121212 | $ 6.79 Million | 121212 | 121212 | 121212 | 18% |
South America Bio based Acrylic Acid Market Sales Revenue | 121212 | $ 20.78 Million | 121212 | 121212 | 121212 | 15.6% |
Colombia Bio based Acrylic Acid Market Sales Revenue | 121212 | $ 1.85 Million | 121212 | 121212 | 121212 | 15.4% |
Argentina Bio based Acrylic Acid Market Sales Revenue | 121212 | $ 3.49 Million | 121212 | 121212 | 121212 | 16.5% |
Brazil Bio based Acrylic Acid Market Sales Revenue | 121212 | $ 8.89 Million | 121212 | 121212 | 121212 | 16.2% |
Chile Bio based Acrylic Acid Market Sales Revenue | 121212 | $ 1.5 Million | 121212 | 121212 | 121212 | 15.9% |
Peru Bio based Acrylic Acid Market Sales Revenue | 121212 | $ 1.7 Million | 121212 | 121212 | 121212 | 15.8% |
Rest of South America Bio based Acrylic Acid Market Sales Revenue | 121212 | $ 3.35 Million | 121212 | 121212 | 121212 | 14.7% |
Middle East and Africa Bio based Acrylic Acid Market Sales Revenue | 121212 | $ 8.31 Million | 121212 | 121212 | 121212 | 15.9% |
Turkey Bio based Acrylic Acid Market Sales Revenue | 121212 | $ 0.71 Million | 121212 | 121212 | 121212 | 15.4% |
Egypt Bio based Acrylic Acid Market Sales Revenue | 121212 | $ 0.87 Million | 121212 | 121212 | 121212 | 16.2% |
Rest of MEA Bio based Acrylic Acid Market Sales Revenue | 121212 | $ 0.98 Million | 121212 | 121212 | 121212 | 14.9% |
Base Year | 2024 |
Historical Data Time Period | 2021-2024 |
Forecast Period | 2025-2033 |
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Bio based Acrylic Acid Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
The growing need for environmentally friendly and sustainable products has led to a notable expansion in the bioacrylic acid market in recent years. Instead of coming from petrochemicals like standard acrylic acid, bioacrylic acid comes from renewable sources like sugars and starches. The use of Bio Acrylic Acid has been accelerated by this aspect in a number of industries, including textiles, adhesives, coatings, and personal care items. The market for bioacrylic acid has also been driven by stricter restrictions governing the use of petrochemical-based goods and growing environmental concerns. Additionally, the market for bioacrylic acid has benefited from government initiatives and investments in R&D projects. By enacting laws and regulations that encourage the use of bio-based products, several nations are offering incentives to producers that want to transition to sustainable alternatives.
In March 2022, Evonik introduced its first products based on renewable isophorone. In addition to enabling more environmentally friendly solvents, composites, and coatings, the new eCO series aids in lowering CO2 emissions. (Source: https://crosslinkers.evonik.com/en/-169696.html)
The primary factors propelling strategic expansions, like the purposeful and well-thought-out strategy to increase the production, distribution, and/or sales of bio-acrylic acid in order to get a larger market share, are growing demand from end-use applications and newer applications brought about by intensive research and development. The market for bioacrylic acid is anticipated to rise steadily throughout the forecast period as global economies pick up speed. Due to the growing demand from both established and new end-use industries, the market for acrylates and superabsorbent polymers is growing quickly. Urine and other salty bodily fluids can be absorbed and supported by superabsorbent polymers, which are plastics that can withstand pressure. They are utilized in agricultural mulching and as a grainy white powder in diapers.
The growing need to provide sustainable coatings for a range of uses, including industrial, architectural, and automotive coatings, is one of the key reasons driving the market. While bio-acrylic acid is more environmentally benign, it can function comparably to conventional acrylic acid coatings. Bio-based adhesives for use in building, paper and packaging, and woodworking can be made from bio-acrylic acid. Compared to conventional acrylic acid adhesives, bio-acrylic acid may have superior adhesion qualities and increased sustainability. These novel uses have the potential to open up new markets and distinguish bio-acrylic acid from conventional acrylic acid. The market for products based on bio-acrylic acid is anticipated to grow as businesses look to satisfy sustainability objectives and lessen their environmental impact.
Bio-acrylic acid production technique is still in its infancy and needs a lot of study and development. The cost of producing bio-acrylic acid may increase as a result of this costly research and development. Compared to the petrochemicals used to make conventional acrylic acid, the feedstocks used to make bio-acrylic acid, such as sugar and corn, can be more costly. Due to the comparatively low yield of bio-acrylic acid manufacture, more raw materials are required to produce the same amount of bio-acrylic acid as conventional acrylic acid. The cost of producing bio-acrylic acid may increase as a result.
The market for bio-based acrylic acid was greatly disrupted by the COVID-19 epidemic. Demand from important end-use industries like adhesives, paints, coatings, and textiles decreased as a result of lockdown procedures, disruptions in global supply chains, and decreased industrial production. Furthermore, limitations on the transportation and processing of raw materials hindered production, which made market expansion even more difficult. However, the pandemic's increased emphasis on environmentally friendly and sustainable products opened up new markets for bio-based substitutes. The market saw a slow recovery as economies recovered because of increased demand for renewable chemicals and more environmental consciousness. Due to strict environmental restrictions and sustainability tendencies, long-term economic prospects are still favorable.
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In the Bio-based Acrylic Acid Market's competitive landscape, numerous key competitors are driving innovation and growth. Continuous innovation and technological developments aimed at enhancing the sustainability and efficiency of the production of bio-based acrylic acid define the competitive environment. Market rivalry is encouraging technological and design innovations to create Bio-based Acrylic Acid that fulfill both consumer wants and sustainability goals, keeping the market dynamic and competitive.
In February 2022, Mitsubishi Chemical declared its intention to construct a plant-based MMA monomer pilot facility. Using resources sourced from plants, Mitsubishi Chemical Corporation and its subsidiary Mitsubishi Chemical Methacrylates created a method for producing methyl methacrylate (MMA) monomers. (Source: https://mcc-methacrylates.com/design-of-pilot-plant-for-mma-monomers-using-plant-derived-materials-has-begun/) In August 2021, Dow said that it is investing in methyl acrylate manufacturing in the US Gulf Coast as part of its efforts to increase dependability and availability to raw materials through larger, centralized capacity. (Source: https://corporate.dow.com/en-us/news/press-releases/dow-invests-in-new-monomer-capacity.html) In March 2021, The German multinational chemical company BASF SE started running a new production line to create next-generation acrylic dispersions. The state-of-the-art facility will produce acrylic dispersions for the adhesives, packaging, coatings, and construction markets in Asia Pacific. (Source: https://www.basf.com/in/en/media/news-releases/asia-pacific/2021/03/basf_doubles_its_acrylic_dispersions_capacity_in_pasir_gudang_malaysia)
Top Companies Market Share in Bio based Acrylic Acid Industry: (In no particular order of Rank)
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According to Cognitive Market Research, North America currently dominates the Bio-based Acrylic Acid market, and the region is expected to have significant growth during the projected period. This is due to the region's rising consumption of derivatives in adhesives, coatings, personal care products, and surfactants.
Asia-Pacific is expected to make significant gains during the projected period, with the greatest compound annual growth rate (CAGR). The main drivers of the bioacrylic acid market's revenue growth in the region are the growing use of bioacrylic acid to meet domestic demand in the coating, paint, and polymer sectors.
The current report Scope analyzes Bio based Acrylic Acid Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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According to Cognitive Market Research, the global Bio-based Acrylic Acid Market size was estimated at USD 415.6 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 166.24 million in 2024 and will grow at a compound annual growth rate (CAGR) of 14.4% from 2024 to 2031.
According to Cognitive Market Research, the global Bio-based Acrylic Acid Market size was estimated at USD 415.6 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 124.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 14.7% from 2024 to 2031.
According to Cognitive Market Research, the global Bio-based Acrylic Acid Market size was estimated at USD 415.6 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 95.59 million in 2024 and will grow at a compound annual growth rate (CAGR) of 18.2% from 2024 to 2031.
According to Cognitive Market Research, the global Bio-based Acrylic Acid Market size was estimated at USD 415.6 Million, out of which the Latin America held the market share of around 5% of the global revenue with a market size of USD 20.78 million in 2024 and will grow at a compound annual growth rate (CAGR) of 15.6% from 2024 to 2031.
According to Cognitive Market Research, the global Bio-based Acrylic Acid Market size was estimated at USD 415.6 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 8.31 million in 2024 and will grow at a compound annual growth rate (CAGR) of 15.9% from 2024 to 2031..
Global Bio based Acrylic Acid Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Bio based Acrylic Acid Industry growth. Bio based Acrylic Acid market has been segmented with the help of its Product Type Outlook:, Raw Material Outlook: Application Outlook:, and others. Bio based Acrylic Acid market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
How are Segments Performing in the Global Bio-based Acrylic Acid Market?
According to Cognitive Market Research, acrylic esters are likely to dominate the Bio-based Acrylic Acid Market over the forecast period, due to their widespread application in textiles, paints, adhesives, and coatings. These esters are preferred because of their exceptional performance, robustness, and environmental friendliness. Their adoption is further accelerated by tighter environmental restrictions and rising demand for sustainable materials, which positions the category as a major driver of market expansion.
The acrylic polymers is the fastest-growing segment in the Bio-based Acrylic Acid Market, because of its extensive use in paints, coatings, and superabsorbent polymers. These polymers' biodegradability, sustainability, and adaptability make them extremely valuable. Growing consumer demand for environmentally friendly products in sectors including construction, packaging, and hygiene items fuels this market's expansion.
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According to Cognitive Market Research, the biomass segment holds the largest share of the market, plays a crucial role by utilizing renewable resources such as lignocellulosic materials, corn, and sugarcane. It encourages eco-friendly product creation in a variety of industries, supports sustainability activities, and lessens dependency on fossil fuels.
In the Bio-based Acrylic Acid Market, the corn has been expanding at a rapid pace, due to its sustainable and renewable feedstock. Its widespread availability and application in the manufacturing of environmentally friendly acrylic acid contribute to the rising demand for green solutions across several industries.
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According to Cognitive Market Research, The polyacrylic acid polymers segment holds the largest market share. Bio-based acrylic acid is being used more and more in the plastics sector to create eco-friendly polymers. Automotive parts, consumer items, and packaging materials are just a few of the many uses for these bio-based polymers.
In the Bio-based Acrylic Acid Market, the rapidly growing sector is the Adhesives & Sealants. Eco-friendly adhesives are becoming more and more in demand in the construction, automotive, and packaging sectors. One essential raw material for creating high-performance adhesives that adhere to strict environmental regulations is bio-based acrylic acid.
According to Cognitive Market Research, Purity (Above 99%) segment dominates the market. High quality and performance are ensured by the above 99% purity segment, which is crucial for premium applications such as superabsorbent polymers. The market for bio-based acrylic acid is driven by its ability to meet demanding industrial needs.
Purity (Below 99%)is projected to be the fastest-growing segment in the Bio-based Acrylic Acid Market. The sector with purity levels below 99% serves economically viable uses in textiles, adhesives, and coatings. Its wide range of applications and low cost make it a major factor in the expansion of the bio-based acrylic acid industry.
According to Cognitive Market Research, the paints and coatings segment dominates the market. Bio-based paints and coatings, which are durable and environmentally friendly, are widely used in the automobile and construction industries. The demand for environmentally friendly building materials and green buildings is driving the market's uptake of bio-based acrylic acid.
Textiles is projected to be the fastest-growing segment in the Bio-based Acrylic Acid Market, due to advancements in textile manufacturing techniques. Bio-based acrylic acid is utilized in the textile industry to create fibers and textiles with exceptional sustainability and performance.
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Conclusion
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Product Type Outlook: | Acrylic Esters, Acrylic Polymers, Derivatives |
Raw Material Outlook: | Biomass, Corn, Maize, Sugar, Other |
Application Outlook: | Super Absorbent Polymers, Coating, Polyacrylic Acid Polymers, Other |
Type Outlook: | Purity (Below 99%), Purity (Above 99%) |
End-user Outlook: | Petrochemicals, Healthcare, Textiles, Paints and Coatings, Water Treatment, Other |
List of Competitors | BASF SE, Arkema S.A., Dow Inc., Evonik Industries AG, Mitsubishi Chemical Holdings Corporation, Cargill, Incorporated, Novomer Inc., Nippon Shokubai Co., Ltd., LG Chem Ltd., Sasol Limited, Itaconix Corporation, BioAmber Inc., Myriant Corporation, Metabolix, Inc., Genomatica, Inc., Amyris, Inc., Corbion N.V., Braskem S.A., NatureWorks LLC, GFBiochemicals Ltd |
This chapter will help you gain GLOBAL Market Analysis of Bio based Acrylic Acid. Further deep in this chapter, you will be able to review Global Bio based Acrylic Acid Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
This chapter will help you gain North America Market Analysis of Bio based Acrylic Acid. Further deep in this chapter, you will be able to review North America Bio based Acrylic Acid Market Split by various segments and Country Split.
Chapter 2 North America Market Analysis
This chapter will help you gain Europe Market Analysis of Bio based Acrylic Acid. Further deep in this chapter, you will be able to review Europe Bio based Acrylic Acid Market Split by various segments and Country Split.
Chapter 3 Europe Market Analysis
This chapter will help you gain Asia Pacific Market Analysis of Bio based Acrylic Acid. Further deep in this chapter, you will be able to review Asia Pacific Bio based Acrylic Acid Market Split by various segments and Country Split.
Chapter 4 Asia Pacific Market Analysis
This chapter will help you gain South America Market Analysis of Bio based Acrylic Acid. Further deep in this chapter, you will be able to review South America Bio based Acrylic Acid Market Split by various segments and Country Split.
Chapter 5 South America Market Analysis
This chapter will help you gain Middle East and Africa Market Analysis of Bio based Acrylic Acid. Further deep in this chapter, you will be able to review Middle East and Africa Bio based Acrylic Acid Market Split by various segments and Country Split.
Chapter 6 Middle East and Africa Market Analysis
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Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
This chapter provides an in-depth analysis of the market share among key competitors of Bio based Acrylic Acid. The analysis highlights each competitor's position in the market, growth trends, and financial performance, offering insights into competitive dynamics, and emerging players.
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
This chapter would comprehensively cover market drivers, trends, restraints, opportunities, and various in-depth analyses like industrial chain, PESTEL, Porter’s Five Forces, and ESG, among others. It would also include product life cycle, technological advancements, and patent insights.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Product Type Outlook: Analysis 2019 -2031, will provide market size split by Product Type Outlook:. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Product Type Outlook: Analysis 2021 - 2033
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Chapter 11 Market Split by Raw Material Outlook: Analysis 2021 - 2033
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Chapter 12 Market Split by Application Outlook: Analysis 2021 - 2033
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Chapter 13 Market Split by Type Outlook: Analysis 2021 - 2033
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Chapter 14 Market Split by End-user Outlook: Analysis 2021 - 2033
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Bio based Acrylic Acid market
Chapter 15 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Acrylic Esters have a significant impact on Bio based Acrylic Acid market? |
What are the key factors affecting the Acrylic Esters and Acrylic Polymers of Bio based Acrylic Acid Market? |
What is the CAGR/Growth Rate of Biomass during the forecast period? |
By type, which segment accounted for largest share of the global Bio based Acrylic Acid Market? |
Which region is expected to dominate the global Bio based Acrylic Acid Market within the forecast period? |
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