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.
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.
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Competitive Analysis:
·
BASF SE
·
Mitsubishi
Chemical Corporation
·
BAMM
·
OSAKA
ORGANIC CHEMICAL INDUSRTY LTD.
·
NIPPON
SHOKUBAI CO., LTD.
·
Sigma-Aldrich
Co. LLC.
·
Solventis
Limited
Regional Analysis
The major regions in the global isopropyl acrylate 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.
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