|By PR Newswire||
|April 17, 2014 06:00 PM EDT||
DUBLIN, Ireland, April 17, 2014 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/m6bwz7/global_acrylic) has announced the addition of the "Global Acrylic Acid and its Derivatives Market 2014-2018" report to their offering.
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The analysts forecast the Global Acrylic Acid and its Derivatives market to grow at a CAGR of 6.64 percent over the period 2014-2018. One of the key factors contributing to this market growth is the increased demand for super-absorbent polymers which are formed by the polymerization of acrylic acid. The Global Acrylic Acid and its Derivatives market has also been witnessing the increasing production of bio-based acrylic acid from sugar feedstock. However, the increasing cost of raw materials such as propylene and brent crude oil, which are used for the production of acrylic acid, could pose a challenge to the growth of this market.
The report, the Global Acrylic Acid and its Derivatives Market 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers North America, Europe, the APAC region, and the ROW; it also covers the Global Acrylic Acid and its Derivatives market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
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.
Key Topics Covered:
01. Executive Summary
02. Scope of the Report
03. Market Research Methodology
04. List of Abbreviations
06. Market Landscape
07. Market Segmentation by Application
08. Market Segmentation by Product Category
09. Geographical Segmentation
10. Buying Criteria
11. Market Growth Drivers
12. Drivers and their Impact
13. Market Challenges
14. Impact of Drivers and Challenges
15. Market Trends
16. Trends and their Impact
17. Vendor Landscape
18. Key Vendor Analysis
19. Other Reports in this Series
- Arkema S.A.
- BASF SE
- Dow Chemical Co.
- Evonik Industries AG
- Formosa Plastics Corp.
- Interpolymer Corp.
- LG Chem Ltd.
- Mitsubishi Chemical Holdings Corp.
- Momentive Specialty Chemicals Inc.
- Myriant Corp.
- Nippon Shokubai Co. Ltd.
- OJSC Sibur Holding
- Rhodia SA
- Sasol Ltd.
- Sumitomo Seika Chemicals Co. Ltd.
- SunVic Chemical Holdings Ltd.
- The Lubrizol Corp.
- Toagosei Co. Ltd.
- Zhejiang Satellite Petrochemical Co. Ltd.
For more information visit http://www.researchandmarkets.com/research/m6bwz7/global_acrylic
Media Contact: Laura Wood , +353-1-481-1716, [email protected]