Global Catalyst for Synthesis of Bio-based Acrylic Acid Market Insight

The Catalyst for Synthesis of Bio-based Acrylic Acid market is expected to continue to grow in the next few years. According to the WK-chem Research “Global Catalyst for Synthesis of Bio-based Acrylic Acid Professional Survey Report 2022, Forecast to 2027”, Rising demand for sustainable products such as bio-based products and increasing government investment in green chemistry are driving positive growth in the Catalyst for Synthesis of Bio-based Acrylic Acid market. The compound annual growth rate (CAGR) for the 2022-2027 period is projected to be 4.9% base on WK-chem Research regression analysis model. Analysts’ Viewpoint： "Compared with traditional petroleum-based acrylic acid, bio-based acrylic acid is more environmentally friendly and does not contain harmful heavy metals or toxic compounds. It is one of the future development trends of the industry. The government has increased its support for the green environment and provided more opportunities for enterprises." said Mark, senior analyst at WK-chem Research. Market insight: Catalyst synthesis is the process of fabricating catalytic materials. It aims to optimize factors such as the catalyst activity, selectivity, stability and cost. A catalyst for the synthesis of bio-based acrylic acid is a chemical substance that helps reactions proceed at a faster rate than they would without it. It can be either inorganic or organic and come from various sources like metal salts, microorganisms, molecular sieves, etc. The main advantage of using catalysts is to reduce the consumption of energy needed to complete the process because less heat needs to be produced due to increased reaction rates. The outbreak of COVID-19 has had a certain impact on production enterprises, forced production and operation to be interrupted, employees cannot go out at home, and the entire industry has been in a state of stagnation. Competition Landscape: Some of the major players in the Catalyst for Synthesis of Bio-based Acrylic Acid market are Cargill, Dow, Arkema, Novomer, Metabolix, GC Innovation America. The overall market has fewer participants, and the company has more room for future development. Segmentation of Catalyst for Synthesis of Bio-based Acrylic Acid Market: On the basis of Type, Global Catalyst for Synthesis of Bio-based Acrylic Acid Market is segmented into Metal Salt Catalyst, Molecular Sieve Catalyst, Microbial Preparation, Others. The major application segment of metal salt catalyst is a super absorbent polymer (SAP). SAP can be used as an alternative to the polyurethane-based materials that are commonly used in diapers and feminine hygiene products due to their hydrophilic properties which make them more suitable because they have superior water-holding capacity than most other synthetic resins. The major application segment of molecular sieve catalyst is a polyacrylic acid polymer. Polyacrylic acid polymer offers sustainable options for packaging materials such as labels, tags, films, and sheeting that are used in food processing because it can be made from renewable sources like cornstarch or sugarcane. On the basis of Application, Global Catalyst for Synthesis of Bio-based Acrylic Acid Market is segmented into Super Absorbent Polymers (SAP), Polyacrylic Acid Polymers, Adhesives, Others. The global catalyst for the synthesis of bio-based acrylic acid market's major application segment is adhesives. Adhesives offer solutions for high-quality bonding applications requiring tight bonds with excellent adhesion to a wide range of substrates such as metals, plastics, ceramics, rubber, etc. they offer high strength and excellent flexibility which makes them suitable for bonding materials like metals, plastics, or ceramics too. Adhesives are used in applications such as manufacturing, construction, and automotive industries because of their bond characteristics that make the adhesive last longer without abrasion than other non-adhesive mechanisms. Catalyst for Synthesis of Bio-based Acrylic Acid Market: Regional Analysis On the basis of Region, Global Catalyst for Synthesis of Bio-based Acrylic Acid Market is segmented into North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa. North America is the largest region for the bio-based acrylic acid market. Increased environmental awareness has led to increased demand for bio-based acrylic products due to their lower toxicity, which not only means less impact on human health, but also a cleaner environment after use. People pay more attention to the green environment, and the government has stricter regulations on toxic substances, which is more beneficial to the development of the bio-based acrylic acid market. Cagr:4.9% Largest share area：North America Largest share country：America Product Type：Metal Salt Catalyst, Molecular Sieve Catalyst, Microbial Preparation, Others. Application：Super Absorbent Polymers (SAP), Polyacrylic Acid Polymers, Adhesives, Others Leading Company：Cargill, Dow, Arkema, Novomer, Metabolix