Europe Bio-Acrylic Acid Market Outlook

demand for bio-acrylic acid in europe is expected to continue to expand and increase as the european union (eu) works to meet its renewable energy goals. bio acrylic acid is derived from renewable resources, such as sugar cane, corn and other plants. it is used in a variety of industrial, consumer and other applications, including paint, coatings, adhesive and stabilizers. recent eu initiatives to promote renewable energy sources have resulted in an increase in demand for bio-acrylic acid. key initiatives include the renewable energy directive of 2009, which sets a target for the share of energy consumed from renewable sources of 20% by 2020. the european commission has also approved additional initiatives, such as the circular economy package, that seek to increase the amount of bio-acrylic acid used in eu manufacturing. food and beverage manufacturers have been the primary focus for eu-based bio-acrylic acid producers. bio-acrylic acid is used as a preservative and flavor-enhancing ingredient in many food and beverage products, such as jams, jellies, juices, and sauces. it is also an important ingredient in plant-based meat substitutes. in addition, bio-acrylic acid is used in various non-food consumer products. as eu regulations continue to focus on the use of sustainably sourced raw materials, it is expected that demand for bio-acrylic acid in the food and beverage industry will continue to rise. demand for bio-acrylic acid is also driven by other european-wide initiatives that focus on the use of sustainable raw materials. the european chemical industry council, for example, encourages the use of organic certified renewable raw materials in the manufacture of chemicals. additionally, the european commission’s reach (registration, evaluation, authorization and restriction of chemicals) regulation has been an important factor in encouraging the use of bio-acrylic acid as a sustainable input in the manufacture of chemicals and other products. overall, demand for bio-acrylic acid in europe is expected to remain strong in the coming years, as policymakers continue to support the use of renewable resources and the european industry reacts to an increased demand for sustainably sourced products.