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"The Global Isononyl Acrylate Market Was Valued At US$ XX Mn In 2019 And Anticipated To Expand At A CAGR Of 2.2% To Reach US$13.1 Mn By 2028."
The Isononyl acrylate has a special type of acrylate that is obtained on reaction with Isononyl acrylate which is an exceptional type of acrylate extracted through isononyl alcohol and acrylic acid. There is a less transition temperature of glass that enables it as suitable among different usage including paints & coatings adhesives & sealants, etc. that are commercially acrylates. The market share of isononyl acrylate is estimated to rise in the forthcoming years with regards to an increase in the global pressure sensitive adhesives business. An increase in the pressure-sensitive tapes, used for packaging tapes, masking and paper tapes, electrical, cloth & duct, and double-sided tapes, in various manufacturing and services sectors, is supposed to contribute in the market share of isononyl acrylate market size for the forecast period. Pressure-sensitive adhesive labels are used in almost every industry from food & beverage to the health & beauty industry for labelling the packaged goods.
There is also a good demand for rigid packaging adhesives that are contributing to the growth of the market. Such adhesives are hugely in application among the consumer goods and packaging materials including food and beverages among others. Among developed countries, there is an appreciable growth of packaged food and goods sector in the region of Europe and North America especially. As the shift of customers in admiring supermarkets and packaged food shopping is still growing in the regions of Asia Pacific, Latin America and Middle East & Africa. The regions are slowly adapting the latest trend of consumer food and other products, the market of packaging is increasing considerably, catalysing the demand for rigid packaging adhesives that are boosting the demand for isononyl acrylate market demand.
Countries such as China, India, Brazil, and Japan are witnessing a great increase in market share that contributed to the market share of paints & coatings that had boosted the market share of isononyl acrylate on a higher rate among the automobile manufacturers. The rise in automotive manufacturing shall substantially propel the demand for paint & coatings applications. The most vital driving factors for the market of Isononyl acrylate is there is a wide usage among coatings that are manufactured worldwide. As these are mostly applied in protecting and decorating new structures and existing buildings that include residential and apartments, public buildings and manufacturing plants & factories, etc. countries including India, China and Brazil are exponentially enhancing their infrastructure and promoting their production sector, that has contributed in market share of coatings demand and substantially driving the isononyl acrylate market. Moreover, special purpose coatings are utilized in different fields including vehicle refinishing, traffic paints, protection of marine structures & vessels and coatings for industrial equipment & plants, thus increasing the product market for the forecast period.
The production of goods is a highly complex procedure and it takes almost weeks to accomplish. Moreover, the straight-chain alcohols that are necessary for product synthesis are high priced. Such factors contribute to longer lead time and have a high manufacturing cost involved, thus it’s a challenge for isononyl acrylate market share. Moreover, the prevalence of cost-competitive alternatives including butyl acrylate, ethyl acrylate, 2EHA and methyl acrylate in the industry may pose a definitive threat to isononyl acrylate market demand.
Increase In The Manufacturing Of Pressure-Sensitive Tapes To Drive The Demand Of Isononyl Acrylate:
In terms of application, the global isononyl acrylate market is categorized into adhesives and sealants and paints and coatings. Adhesives and sealants application is projected to expand at a higher growth rate. The pressure-sensitive tapes could exhibit a higher market share during the forecast period. Vital usage of isononyl acrylate is observed in the manufacturing of pressure-sensitive adhesive tapes that has a wide range of applicability among various industries. Thus, an increase of demand for pressure sensitive tapes is anticipated to have a healthy impact on the demand of isononyl acrylate during the forecast period. Paints and coatings industry also has a substantial utilization of isononyl acrylate that stands to be a lucrative opportunity to the market share of these offerings in the construction industry.
Asia Pacific region held a Key share of Global Isononyl Acrylate market in 2019
Rapid industrialization activities mainly in emerging economies of China, India are driving the demand for isononyl acrylate in Asia Pacific region. The growth in the demand for isononyl acrylate ascribed to increase in consumption of paints & coatings and adhesives and sealants
The market of Isononyl Acrylate is considered to be having rivalry forces and hence it has high competition among the companies. Isononyl Acrylate manufacturing companies cater their offerings to various industries that offer a wide range of final products hence the market is observed to be lucrative in nature to gain a competitive edge.
Prominent players of the isononyl acrylate market are listed as follows: BOC Sciences, ExxonMobil Chemicals, OSAKA Organic Chemical Industry Limited, KH Chemicals, and Angene International Limited.
Key Segments of Isononyl Acrylate Market:
- Pressure sensitive tapes
- Methyl Acrylate
- Ethyl Acrylate
- Butyl Acrylate
- 2-ethylhexyl Acrylate
- North America
- Asia pacific
- Middle east and Africa
- Latin America