The bio-acrylic acid market was USD 457.8 million in 2023, which will increase to USD 1,275.7 million, advancing at a 15.8% CAGR, by 2030.
Thus, in the coming years, the industry will advance due to the extensive use of paints and coatings across different sectors. Furthermore, the need for environmentally friendly coatings is rising across different architectural, automotive, and industrial applications.
The enduring recognition of acrylic acid as an element of such products has now opened the gates for its eco-friendly counterpart.
The superabsorbent polymers category, based on derivative, was a significant contributor, because of their capability to absorb a substantial quantity of aqueous solutions. This is the major reason behind their use in incontinence pads, diapers, controlled-release medications, absorbent medical dressings, and more.
The paints and coatings category, based on application, was the largest contributor to the bio-acrylic acid market. This is because of the numerous benefits of bio-acrylic acid in such products like enhancement in shelf life, texture, and consistency.
APAC was the largest contributor to the industry, and it is likely to remain the largest throughout this decade, with USD 0.2 billion. This can be because of the rising industrial activities, which are, in turn, boosting the need for paints & coatings.
China led the industry in APAC, and it is likely to propel at a 16.2% CAGR, owing to the rising consciousness about personal hygiene, coupled with the increasing construction activities.
Moreover, constant expansion is being observed in the automobile sector, which will boost the need for bio-acrylic acid as an important element of automotive coatings in the coming years.
With the surging need for sealants and adhesives, the bio-acrylic acid industry will continuously propel in the coming years.
