Los Angeles, November 14, 2019 –QY Research has announced the addition of a new report to its chemical and material archive of market research studies titled, “Global Catalyst Used to Convert Lactic Acids to Acrylic Acid Market Research Report 2019.” According to the report, the global Catalyst Used to Convert Lactic Acids to Acrylic Acid market was above US$ 10.0 Bn in 2018 and is anticipated to reach more than US$ 20.0 Bn by the end of 2026. The global Catalyst Used to Convert Lactic Acids to Acrylic Acid market is anticipated to exhibit a healthy CAGR of 6.7% during the forecast period 2019-2026.
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Demand for Super Absorbent Polymers to Boost the Market Growth
Surge in the demand for super absorbent polymers from the personal care industry is anticipated to positively affect the demand for acrylic acid, thus supporting the overall market growth. Growing interest to produce acrylic acid from renewables in a more eco-friendly and sustainable manner is also fuelling the market growth.
Widespread application of acrylic acid in the manufacturing of adhesives, coatings, binders, polishes, paints, textiles, fibers, fibers, paper treatment, leather, detergents, and superabsorbent polymers may drive the market. Extensive research and development carried out by the manufacturers is estimated to positively impact the overall market growth.
Super Absorbent Polymers (SAPs) to Gain Traction in the Market
The report offers detailed analysis of all the application segments including super absorbent polymers (SAP), polyacrylic acid polymers, adhesives, and others. Super absorbent polymers (SAP)s are gaining traction in the manufacturing of disposable absorbent articles, such as diapers, incontinence pads, sanitary napkins, feminine hygiene pads, panty lines, and bedpads. The report also provides comprehensive analysis of all the type segments such as phosphate, calcium sulphate, phosphonium compounds, NaY zeolites modified by La3+ and Ba2+, hydroxyapatites, and bromide & chloride. Conversion of lactic acid to acrylic acid can be done by contacting lactic acid and water with a phosphate metal salt.
High Presence of Market Players in the US to Bode Well for the North America Market
Most of the key players operating in the market are based in the US, which is likely to benefit the Catalyst Used to Convert Lactic Acids to Acrylic Acid market growth in North America. Asia Pacific is expected to witness significant growth in the years ahead owing to government initiatives on spreading awareness regarding personal hygiene management. This is eventually driving the demand for adult incontinence products, baby diapers, and sanitary pads, which are made from super absorbent polymers, thereby fuelling the Catalyst Used to Convert Lactic Acids to Acrylic Acid market growth in this region.
Manufacturers Likely to Expand their Production Facilities to Meet Growing Demand
Some of the key manufacturers operating in the Catalyst Used to Convert Lactic Acids to Acrylic Acid market are Cargill, GC Innovation America, Novozymes, P & G, and Yield10. It has been observed that manufacturers are anticipated to expand their production facilities. Moreover, they are taking various growth strategies such as portfolio expansion, research and development, new product development, and collaborations to strengthen their presence in the Catalyst Used to Convert Lactic Acids to Acrylic Acid market.
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