Market Overview:
Acrylate is a conjugate ester, salt and base of
acrylic acid. Its structural formula consists a vinyl group attached to the
carbonyl carbon in acrylic acid. Isobutyl acrylate is one of the esters of
acrylic acid. It is a clear colorless chemical compound available in liquid form
in the market. Isobutyl acrylate polymerizes exothermically in the presence of
heat and light. Isobutyl forms homopolymers and copolymers with acrylic acids,
its other esters, and methacrylate. Application of isobutyl acrylates can be
found in diverse sectors including construction, paints & coatings,
plastics manufacturing, packaging and automotive. It is also majorly used as a
feedstock in number of commercial chemical reactions. Global construction
adhesives market is anticipated grow at considerable CAGR, which may drive the
demand of isobutyl acrylate as an adhesive. Surge in the disposable income of
people in developing countries is favoring the growth of major end use
industries such as building & construction, decorative, and automobile. This
in turn is expected to propel growth of the global Isobutyl Acrylate Market.
Competitive Analysis:
·
BASF
SE
·
Mitsubishi
Chemical Corporation
·
BAMM
·
OSAKA
ORGANIC CHEMICAL INDUSRTY LTD.
·
NIPPON
SHOKUBAI CO., LTD.
·
Sigma-Aldrich
Co. LLC.
·
Solventis
Limited
Market Segmentation
The global Isobutyl
Acrylate Market is segmented based on application, end use industry,
and region. Based on application, the market is divided into adhesives,
sealants, coatings, plasticizers, thermoplastics and chemical intermediates.
Among these applications, use of isobutyl acrylates as adhesives and sealants
is holding major share of overall demand of isobutyl acrylates. The trend of
building a sustainable infrastructure in order to conserve the resources would
increase the use isobutyl acrylates in construction activities. People are
spending a considerable amount on adding decorative value to the commercial and
housing buildings, which may drive the demand of isobutyl acrylates for binding
decorative materials such as glazing sheets and foils. With rapid industrialization
the number of complex and intense industrial process are increasing in bid to
diversify the products. This is expected to fuel the demand of isobutyl
acrylate in high pressure and temperature adhesive application. Isobutyl
acrylates is also used in manufacturing thermoplastics. The global
thermoplastic market is constantly heading north on account of its increasing
usage in major end use industries such as automotive, construction, medical,
and footwear, among the others. Apart from this, chemicals industry is
consuming significant share of over isobutyl acrylate demand, wherein isobutyl
acrylate undergoes addition reaction with number of organic and inorganic
compounds.
Based on end use industry the global isobutyl
acrylate is segmented into building & construction, paints & coatings,
automotive, plastics, chemicals and others, wherein the major end use
industries are building & construction and paints & coatings. Building
& construction industry accounts for 35% of the overall demand of isobutyl
in its key end use industries. Increasing standards of living mingled with
growing disposable income of people in developing countries is favoring the
growth of the global Isobutyl Acrylate Market. The decorative materials make
considerable use of isobutyl acrylates for binding purpose. Apart from building
& construction, paints & coating industry is closely following the same
growth trajectory. Automotive industry is leaping constantly owing to an
increasing demand of both four and two-wheeler vehicles around the world. The
chemicals industry is soaring at higher CAGR in its major regions such as Asia
Pacific and North America with the diversification of chemical products to be used
in vast number of end use industries such as healthcare, food & beverages,
consumer goods and others.
Regional Analysis
The major regions in the Isopropyl Acrylate
Industry are Asia Pacific, North America, and Europe. Other important regions
in this market includes the Middle East & Africa and Latin America. Asia
Pacific is the largest market among the major regions in the global Isobutyl
Acrylate Market. It accounts for ~40% share of the global Isobutyl Acrylate
Market. The major markets in this region are India, China, and Japan. This is
attributed to the growing construction activities in developing counties in
this region. North America is the significant market in the global Isobutyl
Acrylate Market. U.S. is the largest market in this region owing to the
established aerospace industry along with the growing reconstruction
activities. Europe is following North America in terms of market size it is
holding in the global Isobutyl Acrylate Market. Countries namely, U.K.,
Germany, and France are the leading market in this region on account of the
growing automotive and decorative industry. The Middle East & Africa is
anticipated to grow at higher rate due to the huge growth and investment
potential in this region. Lastly, Latin America may join hand with the leading
markets with increasing industrialization and pacifying political scenario of
the region.
Access Full Report
Details and Order this Premium Report @ https://www.marketresearchfuture.com/reports/isobutyl-acrylate-market-4212
No comments:
Post a Comment