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Bio Acrylic Acid in United States Trends and Forecast

The future of the bio acrylic acid market in United States looks promising with opportunities in the paint and coating, surfactant, adhesive and sealant, textile, and sanitary product markets. The global bio acrylic acid market is expected to reach an estimated $0.8 billion by 2031 with a CAGR of 7.5% from 2025 to 2031. The bio acrylic acid market in United States is also forecasted to witness strong growth over the forecast period. The major drivers for this market are the growing demand for superabsorbent polymers and the expanding use of this acid in the production of hygiene products.

• Lucintel forecasts that, within the type category, super absorbent polymers will remain the largest segment over the forecast period due to their variety of applications, such as diapers, feminine hygiene products, and agriculture, to absorb large amounts of water and other fluids.
• Within the application category, sanitary products will remain the largest segment over the forecast period.

Bio Acrylic Acid Market in United States Trends and Forecast

Emerging Trends in the Bio Acrylic Acid Market in United States

The bio acrylic acid market in the United States is experiencing rapid growth driven by increasing demand for sustainable and eco-friendly products. Innovations in bio-based raw materials and advancements in manufacturing processes are shaping the industry landscape. Regulatory pressures and consumer preferences are pushing companies to adopt greener alternatives, fostering a shift towards bio-derived acrylic acids. The market is also witnessing technological breakthroughs that enhance product quality and reduce costs, making bio acrylic acids more competitive. These developments collectively are transforming the market, creating new opportunities and challenges for stakeholders.

• Growing demand for sustainable products: The increasing consumer preference for eco-friendly and biodegradable products is significantly boosting the demand for bio acrylic acids. Companies are investing in bio-based raw materials to meet environmental standards and consumer expectations, which is driving market expansion.
• Technological advancements in bio-production: Innovations in fermentation and bio-processing technologies are improving yield efficiency and reducing production costs. These advancements enable more scalable and cost-effective manufacturing of bio acrylic acids, making them more competitive with petrochemical counterparts.
• Regulatory support and environmental policies: Stricter environmental regulations and policies favoring renewable resources are encouraging manufacturers to shift towards bio-based acrylic acids. Government incentives and subsidies further promote the adoption of sustainable raw materials.
• Expansion of end-use industries: The growth of sectors such as adhesives, paints, coatings, and textiles is increasing the demand for acrylic acids. The bio-based variants are increasingly preferred in these industries due to their eco-friendly nature and expanding market opportunities.
• Strategic collaborations and investments: Companies are forming alliances and investing in research to develop innovative bio acrylic acid products. These collaborations facilitate technology transfer, enhance R&D capabilities, and accelerate market penetration.

These trends are collectively reshaping the bio acrylic acid market in the United States by fostering sustainable growth, reducing environmental impact, and encouraging innovation. The shift towards bio-based raw materials is not only meeting regulatory and consumer demands but also creating a competitive edge for industry players. As technological and policy landscapes evolve, the market is poised for continued expansion and transformation.

Recent Developments in the Bio Acrylic Acid Market in United States

The bio acrylic acid market in the United States is experiencing rapid growth driven by increasing demand for sustainable and eco-friendly products. Innovations in production processes and expanding applications across various industries are shaping the market landscape. Key players are investing in research to improve efficiency and reduce environmental impact. Regulatory support for green chemicals is further boosting market confidence. As consumer awareness about sustainability rises, the market is poised for significant expansion, attracting investments and fostering technological advancements.

• Expansion of Production Capacity: The U.S. bio acrylic acid producers are increasing their manufacturing capacities to meet rising demand, leading to a more robust supply chain. This expansion is driven by technological advancements and investments in sustainable production methods, which reduce costs and environmental impact. The increased capacity is expected to lower prices and improve market competitiveness, attracting more buyers and encouraging new applications. It also helps stabilize supply, reducing dependency on imports and enhancing domestic industry resilience.
• Technological Innovations in Production: Recent developments include the adoption of bio-based feedstocks and innovative fermentation techniques, which improve yield and reduce production costs. These technological advancements make bio acrylic acid more competitive against traditional petrochemical counterparts. They also contribute to lower carbon emissions, aligning with environmental regulations and sustainability goals. The innovations are fostering a more efficient and eco-friendly production landscape, encouraging industry adoption and market growth.
• Diversification of Application Sectors: The market is witnessing a diversification in applications, including adhesives, paints, coatings, and superabsorbent polymers. This broadening of use cases is driven by the product’s eco-friendly nature and performance benefits. As industries seek sustainable alternatives, bio acrylic acid is becoming a preferred choice, expanding market reach. The diversification supports steady demand growth and opens new revenue streams for manufacturers, strengthening the overall market position.
• Strategic Collaborations and Partnerships: Companies are forming strategic alliances to enhance research, development, and distribution networks. These collaborations facilitate technology sharing and accelerate commercialization of innovative products. Partnerships with research institutions and government agencies are also fostering innovation and funding sustainable projects. Such collaborations are vital for maintaining competitive advantage and expanding market presence in the U.S.
• Regulatory and Policy Support: The U.S. government and regulatory bodies are implementing policies favoring bio-based chemicals, including incentives and stricter environmental standards. These policies encourage manufacturers to adopt sustainable practices and invest in bio acrylic acid production. The regulatory environment is creating a favorable market climate, boosting investor confidence and driving industry growth. Compliance with regulations also ensures market access and enhances brand reputation.

These recent developments are significantly impacting the bio acrylic acid market in the United States by increasing production capacity, fostering technological innovation, diversifying application sectors, encouraging strategic collaborations, and benefiting from supportive policies. Collectively, they are driving market expansion, improving competitiveness, and promoting sustainability. As a result, the market is poised for sustained growth, attracting investments and encouraging further innovation in eco-friendly chemical solutions.

Strategic Growth Opportunities for Bio Acrylic Acid Market in United States

The bio acrylic acid market in the United States is experiencing significant growth driven by diverse applications across various industries. As demand for sustainable and eco-friendly products increases, manufacturers are exploring innovative ways to expand their market share. Key growth opportunities are emerging in sectors such as adhesives, paints, textiles, detergents, and superabsorbent polymers. These applications are expected to benefit from technological advancements, regulatory support, and changing consumer preferences. The marketÄX%$%Xs evolution is creating new avenues for investment, product development, and strategic partnerships, ultimately shaping the future landscape of bio acrylic acid in the U.S.

• Adhesives: The shift towards eco-friendly construction materials and the need for sustainable automotive components are driving growth in bio adhesive applications, offering environmental benefits and compliance with regulations.
• Paints and Coatings: The demand for low-VOC and biodegradable paints is encouraging manufacturers to incorporate bio-based acrylic acids, enhancing product sustainability and market competitiveness.
• Textiles: The textile industry’s focus on sustainable and durable fabrics is promoting the adoption of bio-based acrylic acids, which improve fabric properties and reduce environmental impact.
• Detergents and Cleaning Products: The shift towards biodegradable and non-toxic cleaning products is fueling demand for bio-based acrylic acids, aligning with health and environmental standards.
• Superabsorbent Polymers: The increasing need for high-performance, sustainable superabsorbent materials in diapers and sanitary products is boosting bio acrylic acid adoption, supporting hygiene and environmental goals.

These strategic growth opportunities across key applications are significantly impacting the bio acrylic acid market in the United States. They are fostering innovation, encouraging sustainable practices, and opening new revenue streams for manufacturers. As industries prioritize eco-friendly solutions, the market is poised for accelerated growth, driven by technological advancements and regulatory support. This evolving landscape promises a more sustainable and competitive future for bio acrylic acid in the U.S.

Bio Acrylic Acid Market in United States Driver and Challenges

The bio acrylic acid market in the United States is influenced by a range of technological, economic, and regulatory factors. These elements shape the growth trajectory, competitiveness, and sustainability of the market, presenting both opportunities and obstacles for industry stakeholders.

The factors responsible for driving the bio acrylic acid market in United States include:
• Growing Demand for Biodegradable Products: Increasing consumer awareness and environmental concerns are boosting demand for biodegradable and eco-friendly products, which bio-based acrylic acids can provide. This shift encourages manufacturers to adopt sustainable raw materials, fostering market growth.
• Technological Advancements in Bio-Based Production: Innovations in biotechnology and fermentation processes have improved the efficiency and cost-effectiveness of bio-based acrylic acid production, making it a viable alternative to petrochemical sources.
• Supportive Government Policies and Regulations: U.S. government initiatives promoting renewable resources and reducing carbon emissions are incentivizing companies to invest in bio-based chemicals, including acrylic acids.
• Expansion of End-Use Industries: The growth of end-use sectors such as paints, coatings, adhesives, and textiles increases the demand for acrylic acids, further propelling the market.

The challenges in the bio acrylic acid market in United States are:
• High Production Costs: Bio-based acrylic acid production often involves complex and costly processes, which can hinder competitiveness against traditional petrochemical counterparts.
• Limited Raw Material Availability: Dependence on specific biomass feedstocks can lead to supply chain constraints and price volatility, impacting consistent production.
• Regulatory Hurdles and Certification: Navigating the regulatory landscape for bio-based chemicals involves rigorous testing and certification processes, which can delay market entry and increase costs.

In summary, the U.S. bio acrylic acid market is driven by environmental sustainability trends, technological progress, supportive policies, and expanding end-use sectors. However, high costs, raw material limitations, and regulatory challenges pose significant hurdles. Overall, these factors collectively influence the marketÄX%$%Xs growth potential, requiring strategic adaptation by industry players to capitalize on emerging opportunities while managing risks.

List of Bio Acrylic Acid Market in United States Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. Through these strategies, bio acrylic acid companies cater to increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the bio acrylic acid companies profiled in this report include:
• Company 1
• Company 2
• Company 3
• Company 4
• Company 5





Bio Acrylic Acid Market in United States by Segment

The study includes a forecast for the bio acrylic acid market in United States by type and application.

Bio Acrylic Acid Market in United States by Type [Analysis by Value from 2019 to 2031]:


• Super Absorbent Polymers
• 2-Ethylhexyl Acrylate
• Elastomers
• Butyl Acrylate
• Ethyl Acrylate
• Methy Acrylate

Bio Acrylic Acid Market in United States by Application [Analysis by Value from 2019 to 2031]:


• Paints and Coatings
• Surfactants
• Adhesives and Sealants
• Textiles
• Sanitary Products

Lucintel Analytics Dashboard

Features of the Bio Acrylic Acid Market in United States

Market Size Estimates: Bio acrylic acid in United States market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends and forecasts by various segments.
Segmentation Analysis: Bio acrylic acid in United States market size by type and application in terms of value ($B).
Growth Opportunities: Analysis of growth opportunities in different type and application for the bio acrylic acid in United States.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the bio acrylic acid in United States.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

If you are looking to expand your business in this or adjacent markets, then contact us. We have done hundreds of strategic consulting projects in market entry, opportunity screening, due diligence, supply chain analysis, M & A, and more.
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FAQ

Q1. What are the major drivers influencing the growth of the bio acrylic acid market in United States?
Answer: The major drivers for this market are the growing demand for superabsorbent polymers and the expanding use of this acid in the production of hygiene products.
Q2. What are the major segments for bio acrylic acid market in United States?
Answer: The future of the bio acrylic acid market in United States looks promising with opportunities in the paint and coating, surfactant, adhesive and sealant, textile, and sanitary product markets.
Q3. Which bio acrylic acid market segment in United States will be the largest in future?
Answer: Lucintel forecasts that super absorbent polymers will remain the largest segment over the forecast period due to their variety of applications, such as diapers, feminine hygiene products, and agriculture, to absorb large amounts of water and other fluids.
Q4. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 10 key questions:

Q.1. What are some of the most promising, high-growth opportunities for the bio acrylic acid market in United States by type (super absorbent polymers, 2-ethylhexyl acrylate, elastomers, butyl acrylate, ethyl acrylate, and methyl acrylate), and application (paints and coatings, surfactants, adhesives and sealants, textiles, and sanitary products)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.4. What are the business risks and competitive threats in this market?
Q.5. What are the emerging trends in this market and the reasons behind them?
Q.6. What are some of the changing demands of customers in the market?
Q.7. What are the new developments in the market? Which companies are leading these developments?
Q.8. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.9. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.10. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Bio Acrylic Acid Market in United States, Bio Acrylic Acid Market in United States Size, Bio Acrylic Acid Market in United States Growth, Bio Acrylic Acid Market in United States Analysis, Bio Acrylic Acid Market in United States Report, Bio Acrylic Acid Market in United States Share, Bio Acrylic Acid Market in United States Trends, Bio Acrylic Acid Market in United States Forecast, Bio Acrylic Acid Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.

                                           Table of Contents

            1. Executive Summary


            2. Overview


                        2.1 Background and Classifications

                        2.2 Supply Chain


            3. Market Trends & Forecast Analysis


                        3.1 Industry Drivers and Challenges
                        3.2 PESTLE Analysis
                        3.3 Patent Analysis
                        3.4 Regulatory Environment

                        3.5 Bio Acrylic Acid Market in United States Trends and Forecast


            4. Bio Acrylic Acid Market in United States by Type


                        4.1 Overview

                        4.2 Attractiveness Analysis by Type

                        4.3 Super Absorbent Polymers: Trends and Forecast (2019-2031)

                        4.4 2-Ethylhexyl Acrylate: Trends and Forecast (2019-2031)

                        4.5 Elastomers: Trends and Forecast (2019-2031)

                        4.6 Butyl Acrylate: Trends and Forecast (2019-2031)

                        4.7 Ethyl Acrylate: Trends and Forecast (2019-2031)

                        4.8 Methyl Acrylate: Trends and Forecast (2019-2031)


            5. Bio Acrylic Acid Market in United States by Application


                        5.1 Overview

                        5.2 Attractiveness Analysis by Application

                        5.3 Paints and Coatings: Trends and Forecast (2019-2031)

                        5.4 Surfactants: Trends and Forecast (2019-2031)

                        5.5 Adhesives and Sealants: Trends and Forecast (2019-2031)

                        5.6 Textiles: Trends and Forecast (2019-2031)

                        5.7 Sanitary Products: Trends and Forecast (2019-2031)


            6. Competitor Analysis


                        6.1 Product Portfolio Analysis

                        6.2 Operational Integration

                        6.3 Porter’s Five Forces Analysis

                                    • Competitive Rivalry

                                    • Bargaining Power of Buyers

                                    • Bargaining Power of Suppliers

                                    • Threat of Substitutes

                                    • Threat of New Entrants

                        6.4 Market Share Analysis


            7. Opportunities & Strategic Analysis


                        7.1 Value Chain Analysis

                        7.2 Growth Opportunity Analysis

                                    7.2.1 Growth Opportunities by Type

                                    7.2.2 Growth Opportunities by Application

                        7.3 Emerging Trends in the Bio Acrylic Acid Market in United States

                        7.4 Strategic Analysis

                                    7.4.1 New Product Development

                                    7.4.2 Certification and Licensing

                                    7.4.3 Mergers, Acquisitions, Agreements, Collaborations, and Joint Ventures


            8. Company Profiles of the Leading Players Across the Value Chain


                        8.1 Competitive Analysis

                        8.2 Company 1

                                    • Company Overview

                                    • Bio Acrylic Acid Market in United States Business Overview

                                    • New Product Development

                                    • Merger, Acquisition, and Collaboration

                                    • Certification and Licensing

                        8.3 Company 2

                                    • Company Overview

                                    • Bio Acrylic Acid Market in United States Business Overview

                                    • New Product Development

                                    • Merger, Acquisition, and Collaboration

                                    • Certification and Licensing

                        8.4 Company 3

                                    • Company Overview

                                    • Bio Acrylic Acid Market in United States Business Overview

                                    • New Product Development

                                    • Merger, Acquisition, and Collaboration

                                    • Certification and Licensing

                        8.5 Company 4

                                    • Company Overview

                                    • Bio Acrylic Acid Market in United States Business Overview

                                    • New Product Development

                                    • Merger, Acquisition, and Collaboration

                                    • Certification and Licensing

                        8.6 Company 5

                                    • Company Overview

                                   • Bio Acrylic Acid Market in United States Business Overview

                                    • New Product Development

                                    • Merger, Acquisition, and Collaboration

                                    • Certification and Licensing


            9. Appendix


                        9.1 List of Figures

                        9.2 List of Tables

                        9.3 Research Methodology

                        9.4 Disclaimer

                        9.5 Copyright

                        9.6 Abbreviations and Technical Units

                        9.7 About Us

                        9.8 Contact Us

                                           List of Figures

            Chapter 1


                        Figure 1.1: Trends and Forecast for the Bio Acrylic Acid Market in United States


            Chapter 2


                        Figure 2.1: Usage of Bio Acrylic Acid Market in United States

                        Figure 2.2: Classification of the Bio Acrylic Acid Market in United States

                        Figure 2.3: Supply Chain of the Bio Acrylic Acid Market in United States


            Chapter 3

                        Figure 3.1: Driver and Challenges of the Bio Acrylic Acid Market in United States


            Chapter 4


                        Figure 4.1: Bio Acrylic Acid Market in United States by Type in 2019, 2024, and 2031

                        Figure 4.2: Trends of the Bio Acrylic Acid Market in United States ($B) by Type

                        Figure 4.3: Forecast for the Bio Acrylic Acid Market in United States ($B) by Type

                        Figure 4.4: Trends and Forecast for Super Absorbent Polymers in the Bio Acrylic Acid Market in United States (2019-2031)

                        Figure 4.5: Trends and Forecast for 2-Ethylhexyl Acrylate in the Bio Acrylic Acid Market in United States (2019-2031)

                        Figure 4.6: Trends and Forecast for Elastomers in the Bio Acrylic Acid Market in United States (2019-2031)

                        Figure 4.7: Trends and Forecast for Butyl Acrylate in the Bio Acrylic Acid Market in United States (2019-2031)

                        Figure 4.8: Trends and Forecast for Ethyl Acrylate in the Bio Acrylic Acid Market in United States (2019-2031)

                        Figure 4.9: Trends and Forecast for Methyl Acrylate in the Bio Acrylic Acid Market in United States (2019-2031)


            Chapter 5


                        Figure 5.1: Bio Acrylic Acid Market in United States by Application in 2019, 2024, and 2031

                        Figure 5.2: Trends of the Bio Acrylic Acid Market in United States ($B) by Application

                        Figure 5.3: Forecast for the Bio Acrylic Acid Market in United States ($B) by Application

                        Figure 5.4: Trends and Forecast for Paints and Coatings in the Bio Acrylic Acid Market in United States (2019-2031)

                        Figure 5.5: Trends and Forecast for Surfactants in the Bio Acrylic Acid Market in United States (2019-2031)

                        Figure 5.6: Trends and Forecast for Adhesives and Sealants in the Bio Acrylic Acid Market in United States (2019-2031)

                        Figure 5.7: Trends and Forecast for Textiles in the Bio Acrylic Acid Market in United States (2019-2031)

                        Figure 5.8: Trends and Forecast for Sanitary Products in the Bio Acrylic Acid Market in United States (2019-2031)


            Chapter 6


                        Figure 6.1: Porter’s Five Forces Analysis of the Bio Acrylic Acid Market in United States

                        Figure 6.2: Market Share (%) of Top Players in the Bio Acrylic Acid Market in United States (2024)


            Chapter 7


                        Figure 7.1: Growth Opportunities for the Bio Acrylic Acid Market in United States by Type

                        Figure 7.2: Growth Opportunities for the Bio Acrylic Acid Market in United States by Application

                        Figure 7.3: Emerging Trends in the Bio Acrylic Acid Market in United States

                                           List of Tables

            Chapter 1


                        Table 1.1: Growth Rate (%, 2023-2024) and CAGR (%, 2025-2031) of the Bio Acrylic Acid Market in United States by Type and Application

                        Table 1.2: Bio Acrylic Acid Market in United States Parameters and Attributes


            Chapter 3


                        Table 3.1: Trends of the Bio Acrylic Acid Market in United States (2019-2024)

                        Table 3.2: Forecast for the Bio Acrylic Acid Market in United States (2025-2031)


            Chapter 4


                        Table 4.1: Attractiveness Analysis for the Bio Acrylic Acid Market in United States by Type

                        Table 4.2: Size and CAGR of Various Type in the Bio Acrylic Acid Market in United States (2019-2024)

                        Table 4.3: Size and CAGR of Various Type in the Bio Acrylic Acid Market in United States (2025-2031)

                        Table 4.4: Trends of Super Absorbent Polymers in the Bio Acrylic Acid Market in United States (2019-2024)

                        Table 4.5: Forecast for Super Absorbent Polymers in the Bio Acrylic Acid Market in United States (2025-2031)

                        Table 4.6: Trends of 2-Ethylhexyl Acrylate in the Bio Acrylic Acid Market in United States (2019-2024)

                        Table 4.7: Forecast for 2-Ethylhexyl Acrylate in the Bio Acrylic Acid Market in United States (2025-2031)

                        Table 4.8: Trends of Elastomers in the Bio Acrylic Acid Market in United States (2019-2024)

                        Table 4.9: Forecast for Elastomers in the Bio Acrylic Acid Market in United States (2025-2031)

                        Table 4.10: Trends of Butyl Acrylate in the Bio Acrylic Acid Market in United States (2019-2024)

                        Table 4.11: Forecast for Butyl Acrylate in the Bio Acrylic Acid Market in United States (2025-2031)

                        Table 4.12: Trends of Ethyl Acrylate in the Bio Acrylic Acid Market in United States (2019-2024)

                        Table 4.13: Forecast for Ethyl Acrylate in the Bio Acrylic Acid Market in United States (2025-2031)

                        Table 4.14: Trends of Methyl Acrylate in the Bio Acrylic Acid Market in United States (2019-2024)

                        Table 4.15: Forecast for Methyl Acrylate in the Bio Acrylic Acid Market in United States (2025-2031)


            Chapter 5


                        Table 5.1: Attractiveness Analysis for the Bio Acrylic Acid Market in United States by Application

                        Table 5.2: Size and CAGR of Various Application in the Bio Acrylic Acid Market in United States (2019-2024)

                        Table 5.3: Size and CAGR of Various Application in the Bio Acrylic Acid Market in United States (2025-2031)

                        Table 5.4: Trends of Paints and Coatings in the Bio Acrylic Acid Market in United States (2019-2024)

                        Table 5.5: Forecast for Paints and Coatings in the Bio Acrylic Acid Market in United States (2025-2031)

                        Table 5.6: Trends of Surfactants in the Bio Acrylic Acid Market in United States (2019-2024)

                        Table 5.7: Forecast for Surfactants in the Bio Acrylic Acid Market in United States (2025-2031)

                        Table 5.8: Trends of Adhesives and Sealants in the Bio Acrylic Acid Market in United States (2019-2024)

                        Table 5.9: Forecast for Adhesives and Sealants in the Bio Acrylic Acid Market in United States (2025-2031)

                        Table 5.10: Trends of Textiles in the Bio Acrylic Acid Market in United States (2019-2024)

                        Table 5.11: Forecast for Textiles in the Bio Acrylic Acid Market in United States (2025-2031)

                        Table 5.12: Trends of Sanitary Products in the Bio Acrylic Acid Market in United States (2019-2024)

                        Table 5.13: Forecast for Sanitary Products in the Bio Acrylic Acid Market in United States (2025-2031)


            Chapter 6


                        Table 6.1: Product Mapping of Bio Acrylic Acid Market in United States Suppliers Based on Segments

                        Table 6.2: Operational Integration of Bio Acrylic Acid Market in United States Manufacturers

                        Table 6.3: Rankings of Suppliers Based on Bio Acrylic Acid Market in United States Revenue


            Chapter 7


                        Table 7.1: New Product Launches by Major Bio Acrylic Acid Market in United States Producers (2019-2024)

                        Table 7.2: Certification Acquired by Major Competitor in the Bio Acrylic Acid Market in United States

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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
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