Global Acrylic Acid and its Derivatives Market 2014-2018 is the new market research report added to ReportsnReports.com
Dallas, TX -- (SBWIRE) -- 12/05/2013 -- 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.
Analysts forecast the Global Acrylic Acid and its Derivatives market (http://www.reportsnreports.com/reports/271317-global-acrylic-acid-and-its-derivatives-market-2014-2018.html) to grow at a CAGR of 6.64 percent over the period 2014-2018.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 report 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.
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Other vendors mentioned in the report are Evonik Industries AG, Formosa Plastics Corp., Interpolymer Corp., LG Chem Ltd., Mitsubishi Chemical Holdings Corp., Momentive Specialty Chemicals Inc., Myriant Corp., OJSC Sibur Holding, Rhodia SA, Sasol Ltd., Sumitomo Seika Chemicals Co. Ltd., SunVic Chemical Holdings Ltd., The Lubrizol Corp., Toagosei Co. Ltd., and Zhejiang Satellite Petrochemical Co. Ltd.
Key questions answered in this report:
- What will the market size be in 2016/2018 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
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