TechNavio recognizes the following companies as the key players in the Global Acrylic Acid and its Derivatives Market: Arkema S.A., BASF SE, Dow Chemical Co., Evonik Industries AG, Interpolymer Corp., LG Chem Ltd., Mitsubishi Chemical Holdings Corp., Momentive Specialty Chemicals Inc., Nippon Shokubai Co. Ltd., Rhodia S.A., The Lubrizol Corp., Toagosei Co. Ltd., and Zhejiang Satellite Petrochemical Co. Ltd.
Commenting on the report, an analyst from TechNavio’s team said: “The Global Acrylic Acid and its Derivatives market is expected to witness an increase in the production of bio-based acrylic acid. For instance, Dow Chemical, a leading vendor, is expected to commence the commercial production of acrylic acid derived from the fermentation of sugar between 2014 and 2016. The acrylic acid thus produced will be obtained from the intermediate 3-hydroxypropionic acid. Additionally, BASF is expected to collaborate with other companies such as Novozymes A/S and Cargill Inc. for the production of bio-based acrylic acid from 3-hydroxypropionic acid.”
According to the report, one of the most important drivers is the increased demand for super-absorbent polymers. Super-absorbent polymers are formed through the polymerization of acrylic acid. The increased demand for such polymers from end-user segments such as Baby Diapers and Adult Incontinence Products is expected to contribute significantly to the demand for acrylic acid.
Further, the report states that one of the major challenges in the market is the increase in the cost of raw materials such as propylene and Brent crude oil, which are used to produce acrylic acid.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/global-acrylic-acid-and-its-derivatives-…
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/healthcare-chemicals-food-retail
Follow us on Twitter @ Technavio
TechNavio Announces the Publication of its Research Report -Global Acrylic Acid and its Derivatives Market 2014-2018
