Isononyl Acrylate Market
Isononyl Acrylate Market (Application - Adhesives and Sealants and Paints and Coatings) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024
Press Release :
Global Isononyl Acrylate Market – An Overview
On combining acrylic acid with isononyl alcohol, specialty acrylate called isononyl acrylate is derived. It is quite significant to note here that there are four types of commercial acrylates available in the market. These include 2-ethylhexyl acrylate (2-EHA), ethyl acrylate, methyl acrylate, and butyl acrylate. Additionally, isononyl acrylate has the minimum level of glass transition in comparison to others that fall in the category of acrylates. This helps in transforming rheological properties, especially in paints. This ensures that the product becomes a key ingredient in paint and coatings manufacturing. It is also used in adhesives and sealants applications, credit low glass transition property.
Due to these properties and use across a number of industry verticals, the global Isononyl Acrylate market is anticipated to chart a compound annual growth rate of about 2.4% (CAGR) over the period 2016 to 2024, states Transparency Market Research, basis its finding of an extensive market research undertaken. It further states that this will lead to market to novel and rewarding opportunities, if proactive measures taken.
Additionally, it notes that over the forecast period, the market valuation will change from USD 10 million in 2015 to a higher mark of USD 12.3 million. Growth in construction and increase in production of pressure-sensitive tapes is helping the global Isononyl Acrylate market buoyant. Construction volumes are on a steep upward trajectory because of a massive growth in population anticipated over the coming few years. As per a study the world population will grow by 2 billion people by 2050.
Also, while the report delineates trends, drivers and other growth factors, it also spells out in ample details some of the factors that are set to mar growth in the market and how the negative impact would be counteracted effectively. One of the most significant restraints in the global Isononyl Acrylate market, hampering its growth, stopping it from reaching its real potential is the fact that manufacturing Isononyl Acrylate is a complex and time consuming process. Besides, cost effective substitutes are not easily available.
Furthermore, it is significant to note here the global isonoyl acrylate market is consolidated because a handful of players hold its majority share. Top players include BOC Sciences, Osaka Organic Chemical Industry Ltd, and Angene International Limited, among others. They are working with a number of growth strategies in order to lay claim to a sizeable share of the overall market.
These include a wide range from organic to inorganic. Product improvement and innovation are significant factors propelling growth in the global isonoyl acrylate market. Besides, players also do not shy away from entering strategic and synergistic alliances and thus mergers and acquisitions and partnerships and collaborations often emerge, helping players combine their resources and know-how and consolidate their position in the market further.
Adhesives and Sealants Segment to Hold Dominant Share of Global Isononyl Acrylate Market over the Forecast Period
It is pertinent to note here that the global Isononyl Acrylate market report, prepared by Transparency Market Research covers key application areas of the Isononyl Acrylate to decode growth in the global Isononyl Acrylate market over the stated assessment period. These are adhesives and sealants and paints and coatings. The adhesives and sealants segment would expand at a significant pace, accounting for more than half of the market share, due to rapid urbanization and industrialization, particularly in the developing regions of the world.
Opportunities would arise in the paints and coating industries as well as construction is set to increase by 85% by 2030. Three top countries that would hold more than half the share of this growth are the United States of America, India, and China. The global market itself would accrue a value of USD 15.5 trillion, driving demand for paints and coating, contributing positively to growth of global Isononyl Acrylate market.
Asia Pacific (APAC) to be a Prominent Regional Market over the Forecast Period, Continuing the Trend of Dominance from The Last Assessment Period
The global Isononyl Acrylate market report covers key regions in terms of opportunities available and those that are anticipated to emerge, trends and drivers of growth, and threats and weaknesses that mark the respective landscapes. Regions covered include Asia Pacific (APAC), Europe, North America, Middle East and Arica, and Latin America.
Here, the Asia Pacific region will hold the dominant share over the forecast period for reasons of growing manufacturing, urbanization and rapid industrialization. Countries that would stay at the forefront of the regional growth of APAC, as per Transparency Market Research, are India and China, who would be key consumers of Isononyl Acrylate.
It is significant to note here that economies in the region are doing well on the economic front and since a number of them are still developing, there is immense scope for growth. Infrastructural development is therefore a major growth booster in the regional market. Additionally, as incomes increase due to economic growth, purchasing power soars and gives way for consumerism, driving growth in the global Isononyl Acrylate market.
Over the same period, numerous growth opportunities would arise for market players in North America. The region is seeing a vast increase in demand for pressure sensitive tapes and is marked by high level of disposable income and consumerism. On the other hand, Europe will also chart notable growth, credit a strong and expanding paints and coatings industry. Other regions such as Latin America, and Middle East and Africa will chart a moderate growth over the stated forecast period.
Global Isononyl Acrylate Market: Overview
Isononyl acrylate is a specialty type of acrylate, which is obtained by the reaction of acrylic acid and isononyl alcohol. Laboratory practices have concluded that isononyl acrylate has the minimum glass transition temperature, amongst all commercially available acrylates. Rising demand for isononyl acrylate in the adhesives industry in various regions is likely to propel the isononyl acrylate market in the near future. Isononyl acrylate is also used in paints & coatings application owing to its thermal properties such as low glass transition temperature. Demand for isononyl acrylate is projected to increase in the next few years considering the growth of the global pressure sensitive adhesives market. Asia Pacific dominates the isononyl acrylate market in terms of production and demand. Japan is expected to be the key manufacturer and consumer of isononyl acrylate. Europe is the second largest consuming region. Availability of inexpensive substitutes such as 2EHA, butyl acrylate, methyl acrylate and ethyl acrylate is expected to hamper the isononyl acrylate market in the forecast period. Furthermore, the long lead time fo synthesizing isononyl acrylate is also expected to hamper the growth of isononyl acrylate during the forecast period.
This report analyzes and forecasts the market for isononyl acrylate at the global and regional level. The market has been forecast based on volume (Kilogram) and revenue (US$ Thousand) from 2016 to 2024, considering 2015 as the base year. The study includes drivers and restraints of the global isononyl acrylate market. It also covers impact of these drivers and restraints on demand for isononyl acrylate during the forecast period. The report also highlights opportunities in the isononyl acrylate market at the global and regional level.
The report includes detailed value chain analysis, which provides a comprehensive view of the global isononyl acrylate market. Porter’s Five Forces model for the isononyl acrylate market has also been included to help understand the competitive landscape in the market. The study encompasses market attractiveness analysis, wherein end-users are benchmarked based on their market size, growth rate, and general attractiveness.
The study provides a decisive view of the global isononyl acrylate market by segmenting it in terms of applications such as adhesives & sealants, and paints & coatings. These segments have been analyzed based on present and future trends. Regional segmentation includes current and forecast demand for isononyl acrylate in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
The report provides the actual market size of isononyl acrylate for 2015 and estimated market size for 2016 with forecast for the next eight years. The global market size of isononyl acrylate has been provided in terms of volume and revenue. Market volume has been defined in kilograms, while market revenue is in US$ thousand. Market numbers have been estimated based on key applications of isononyl acrylate. Market size and forecast for numerous end-users have been provided in terms of global, regional, and country level markets.
Global Isononyl Acrylate Market: Research Methodologies
In order to compile the research report, we conducted in-depth interviews and discussions with a number of key industry participants and opinion leaders. Primary research represented the bulk of research efforts, supplemented by extensive secondary research. We reviewed key players’ product literature, annual reports, press releases, and relevant documents for competitive analysis and market understanding. Secondary research includes a search of recent trade, technical writing, Internet sources, and statistical data from government websites, trade associations, and agencies. This has proven to be the most reliable, effective, and successful approach for obtaining precise market data, capturing industry participants’ insights, and recognizing business opportunities.
Secondary research sources that are typically referred to include, but are not limited to company websites, annual reports, financial reports, broker reports, investor presentations, SEC filings, Plastemart magazine, Coatings magazine, BP magazine, U.S. Patents, Institute of Sciences, FAO, internal and external proprietary databases, and relevant patent and regulatory databases such as ICIS, Hoover’s, oneSOURCE, Factiva and Bloomberg, national government documents, statistical databases, trade journals, market reports, news articles, press releases, and webcasts specific to companies operating in the market.
We conduct primary interviews on an ongoing basis with industry participants and commentators to validate data and analysis. These help validate and strengthen secondary research findings. These also help develop the analysis team’s expertise and market understanding.
Key Players Mentioned in this Report are:
The report comprises profiles of major companies operating in the global isononyl acrylate market. The global isononyl acrylate market is highly consolidated. Key players include BOC Sciences, Osaka Organic Chemical Industry Ltd, and Angene International Limited. Market players have been profiled in terms of attributes such as company overview, financial overview, business strategies, and recent developments.
The global isononyl acrylate market has been segmented as follows: