Global 4-Hydroxybutyl Acrylate Market: Overview
4-hydroxybutyl acrylate is a clear liquid which is an acrylic acid ester having a hydroxyl functional group and a double-bond group in the molecule. This product can be used to copolymerize various vinyl monomers. 4-hydroxybutyl acrylate provides outstanding scratch resistance, due to its high crosslinking ratio and unique flexibility. Other properties of 4-hydroxybutyl acrylate include adhesion, weatherability, rheology modification, and low volatility. Polymers co-polymerized with 4-hydroxybutyl acrylate achieve a higher crosslinking ratio with curing agents. It polymerizes very readily and hence, it is generally stabilized by using air as a blanket gas and adding 300 ppm of hydrochinone monomethyl ether (MeHQ). 4-hydroxybutyl acrylate is supplied in its stabilized form, as it can polymerize with an explosion if not stabilized. The stabilizer is not required to be removed, as its action can be compensated for by adding an additional amount of initiator.
Global 4-Hydroxybutyl Acrylate Market: Drivers and Restraints
In terms of application, the 4-hydroxybutyl acrylate market can be classified into paints & coatings, adhesives, chemical production, and electron beam curing. This product is useful for raw materials in coatings for various products such as automobiles, building materials, electronic materials, photosensitive resin compositions, and pressure-sensitive additives for medical use. 4-hydroxybutyl acrylate provides excellent scratch resistance, mechanical properties, and acid rain resistance to paint and coating materials. Coatings containing 4-hydroxybutyl acrylate used by automotive OEMs help in improving anti-abrasion property and flexibility of the coatings. It shortens the lead time of adhesive tapes due to its high OH reactivity in pressure-sensitive adhesives. 4-hydroxybutyl acrylate forms homopolymers and copolymers. These copolymers of can be prepared with the help of acrylic acid and its salts, amides, esters, methacrylates, acrylonitrile, maleic acid esters, vinyl acetate, vinyl chloride, vinylidene chloride, styrene, butadiene, unsaturated polyesters, drying oils, etc. This product is also used as a feedstock for chemical syntheses, as it readily undergoes addition reactions with various organic and inorganic compounds. 4-hydroxybutyl acrylate can be produced by reacting (meth) acrylic acid with 1,4-butanediol in presence of an acidic catalyst.
Among applications, the paints & coatings segment held a significant share of the global 4-hydroxybutyl acrylate market in 2017. The trend is expected to continue during the forecast period, as construction & infrastructure is a growing industry across the globe. Highly attractive, decorative automotive and industrial coatings are driving the demand for 4-hydroxybutyl acrylate worldwide. Auto OEM coatings market is driven by rise in the number of automotive units built globally. The total number of global automotive builds has increased, resulting in the rise of automotive OEM coatings sector directly impacting the 4-hydroxybutyl acrylate market that expanded at a significant CAGR in the paints & coatings segment in 2017.
Geographically, the global 4-hydroxybutyl acrylate market has been segmented into five key regions: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Of these, Asia Pacific dominated the 4-hydroxybutyl acrylate market, in terms of revenue and volume, in 2017. The 4-hydroxybutyl acrylate market in the region is expected to expand at a rapid CAGR during the forecast period. Asia Pacific is the leading market for paints & coatings globally. China dominated the 4-hydroxybutyl acrylate market in Asia Pacific, in terms of revenue and volume, followed by India and Japan in 2017. This is primarily due to extensive construction activities going on in this region. This trend is anticipated to continue during the forecast period.
Global 4-Hydroxybutyl Acrylate Market: Key Players
Key companies operating in the global 4-hydroxybutyl acrylate market include BASF SE, Mitsubishi Chemical Corporation, Osaka Organic Chemical Industry Ltd., and Houchi Chemical.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.