Top Acrylic Acid Derivatives Companies

The global acrylic acid derivatives industry is characterized by a mix of large multinational corporations and innovative startups. Established companies, such as BASF, Dow Inc., Arkema, LG Chem, and SABIC, dominate the market with their extensive product portfolios and strong presence across diverse industrial sectors, including paints, coatings, adhesives, and superabsorbent polymers. These companies are focusing on technological advancements and sustainability to maintain their competitive edge in the market.

As per market strategies, for instance, in 2024, BASF expanded its acrylic acid production in North America to meet rising demand, while Arkema announced new sustainable production methods for acrylic acid derivatives, aligning with the growing emphasis on green chemistry. Similarly, Dow Inc. has been leading the charge in developing renewable-based acrylic acid solutions and launching new, sustainable product lines.

In recent years, the rise of sustainable packaging solutions has led to the emergence of innovative startups in the acrylic acid derivatives market. One such startup, founded in 2020, is focused on developing eco-friendly alternatives to plastic by utilizing renewable wood fibers. Their products, which are biodegradable, recyclable, and strong, are particularly gaining traction in the food packaging industry. These solutions are designed to reduce plastic waste while providing the durability and functionality required for food contact materials.

• Paptic (Finland, founded 2020): Paptic is an innovative startup that develops sustainable alternatives to traditional plastic packaging materials, using renewable wood fibers to create paper-like products that are stronger than regular paper. The company’s products are designed for the food packaging sector and are biodegradable and recyclable. By focusing on reducing plastic waste and offering an eco-friendly solution for packaging, Paptic is positioning itself as a leader in the movement toward sustainable packaging, particularly for food contact materials.

• Papeterie de Genval (Belgium, founded 2021): Papeterie de Genval specializes in manufacturing environmentally friendly paper products, including paper packaging solutions for food. The company focuses on using renewable materials and sustainable practices in production, including a commitment to reducing its carbon footprint. Their paper products, including coatings and films for food packaging, align with the increasing demand for sustainable packaging solutions in the food industry, and they have attracted attention for their innovative, eco-conscious products.

Top player’s Company Profile

• BASF SE

• Covestro

• SABIC

• Bluestem Biosciences

• Nippon Shokubai Co., Ltd.

• Arkema S.A.

• Dow Inc.

• LG Chem Ltd.

• Evonik Industries AG

• Mitsubishi Chemical Holdings Corporation

• Sasol Limited

• Formosa Plastics Corporation

• Hexion Inc.

• SIBUR Holding

• Wanhua Chemical Group Co., Ltd.