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Isononyl Acrylate Market

Isononyl Acrylate Market (Application - Adhesives and Sealants and Paints and Coatings) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 - 2027

Isononyl acrylate is an acrylate, obtained by the reaction between acrylic acid and isononyl alcohol. Laboratory practices have revealed that isononyl acrylate has the least glass transition temperature, among all acrylates, that are commercially available. Because of this particular feature, isononyl acrylate is used in adhesive applications.

There is demand for adhesives that are pressure sensitive and that is an important trend, which is helping in the expansion of the isononyl acrylate market. The usage for these kinds of adhesives are increasing because they are cost-efficient and easy to use. The adhesive industry has seen tremendous growth in Asia and that has boosted the revenues for the isononyl acrylate market. Isononyl acrylate also helps to modify the rheological characteristics in elastic paints.

Firms like Nitto Denko Corporation have come up with acrylic adhesives where isononyl acrylate serve as the primary monomer due to its impressive features. 3M Innovative Properties Company, in 2011, filed a patent under the name of pressure-sensitive adhesives that is got from 2-alkyl alkanols. Three years later, LG Chem registered a patent for its product related to an acrylic adhesive tape and using the same on a flat panel display. Isononyl acrylate can be used as the acrylic acid-based ester monomer.

In 2018, the Asia Pacific region held the largest market share with close to 85% of the overall isononyl acrylate market. The region is expected to see substantial growth in the coming years, thereby possibly retaining its dominance. In Asia Pacific, Japan and China were identified as the major isononyl acrylate markets in 2018. With the paints and coating industry likely to grow slowly in Europe, the growth of the isononyl acrylate market is likely to get affected in this region. Growth in the North America region is also expected to be slow.

The nature of isononyl acrylate market globally is a highly consolidated. Some of the important players here include Haldia Chemical, Angene International Limited, BOC Sciences and Osaka Organic Chemical Industry Ltd. The demand for isononyl acrylate is likely to increase worldwide from US$ 10.6 Mn in 2018 to US $13.4 Mn by 2027. However, factors like complex production techniques, large production costs, and high lead time could deter the growth of market for isononyl acrylate in the upcoming years.

Global Isononyl Acrylate Market: Key Highlights

  • The global demand for Isononyl Acrylate stood nearly US$ 10.6 Mn in 2018 and is projected to reach over US$ 13.4 Mn by 2027. Growth in the pressure sensitive adhesives industry is likely to boost the isononyl acrylate market in the next few years.
  • 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.
  • On account of low glass transition temperature, isononyl acrylate is majorly used for adhesives applications. Moreover, the low glass transition temperature of isononyl acrylate modifies the rheological properties of elastic paints.
  • Complicated production techniques, high lead time and high production costs of isononyl acrylate, is likely to hinder the market growth during the forecast period.

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Global Isononyl Acrylate Market: Segmental Insights

  • In terms of volume, adhesives industry was the largest application segment of the isononyl acrylate market, accounting for more than 95% share in 2018. Isononyl acrylate are used in industrial applications such as pressure sensitive adhesive tapes. Demand for isononyl acrylate in these applications is anticipated to increase during the forecast period.
  • The advancement in adhesives industry have offered massive opportunities for research and development activities, from molecular-level studies to finished bonded products such as pressure-sensitive tapes. Similar to other specialty raw materials with unique applications, isononyl acrylates are often exclusively used in pressure-sensitive adhesive tapes.
  • Paints and coatings industry is estimated to be lucrative application segment during the forecast period, led by the increasing demand for elastic paints from the construction industry.
  • The rise in demand for specialty paints has driven the market for specialty raw materials required to manufacture these paints and coatings. Several acrylic esters have traditionally been used in paints and coatings as raw materials, owing to elastic and adhesive nature of acrylic esters.
  • Acrylates such as 2-ethylhexyl acrylates (2EHA), butyl acrylates, and ethyl acrylates are commercially used in the paints & coatings industry. Among these, 2EHA is a more commercially used raw material. The low glass transition temperature of 2EHA imparts efficiency to elastic paints and coatings.
  • Manufacturers and researchers have been carrying out various experiments to obtain more efficient elastic paints with the use of acrylate monomer, which has lower glass transition temperature. Isononyl acrylate monomer has lower glass transition temperature than 2EHA and hence, it can offer more efficient elastic paints.

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Global Isononyl Acrylate: Regional Insights

  • In terms of volume, Asia Pacific held the largest market share of approximately 85% of the global isononyl acrylate market in 2018. The region is likely to experience the significant growth in the next few years. Thus, it is expected to retain its dominance during the forecast period.
  • Japan and China were major markets for isononyl acrylate in Asia Pacific in 2018. The adhesives segment has undergone a transformation over the past few years. The development of pressure-sensitive adhesive tapes is driving the market in the region. This trend is estimated to continue during the forecast period.
  • Slow and steady growth in paints and coatings industry in the Europe region is expected to slightly hinder the isononyl acrylate market in the region. Regions such as Latin America and Middle East & Africa are expected to grow at a sluggish rate during the forecast period.
  • Isononyl acrylate is utilized to control the rheological properties of paints and coatings. Advancements in the construction industry are propelling this sector in Middle East & Africa. However, it is projected to expand at a sluggish rate, owing to the availability of cheaper substitutes.

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Global Isononyl Acrylate: Competition Landscape

  • The global isononyl acrylate market is highly consolidated with only a few manufacturers operating across the world.
  • The global isononyl acrylate market is highly consolidated. Key players include
    • BOC Sciences
    • Osaka Organic Chemical Industry Ltd
    • Haldia Chemical
    • Angene International Limited.
  • Companies like Nitto Denko Corporation have developed acrylic adhesives based on isononyl acrylate as the main monomer due to its phenomenal characteristics.
  • In 2014, LG Chem, Ltd. filed a patent for the invention related to an acrylic adhesive tape and applying same on flat panel display. Isononyl acrylate may be used as acrylic acid based ester monomer for adhesion and cohesion force of the foam tape.
  • In 2011, 3M Innovative Properties Company registered a patent under the name of pressure-sensitive adhesives derived from 2-alkyl alkanols.
  • In 1983, Nissan Chemicals registered a patent under the name of isononyl acrylate monomer composition.

Improvement in Chemistries of Specialized Paints Drive Isononyl Acrylate Market

The presence of isononyl acrylate products in the adhesives manufacturing is due to the utilization of its low glass transition temperature. It is an acrylate monomer of structural isomer of commercial significance. The demand for making pressure sensitive adhesives is a key trend bolstering the expansion of the isononyl acrylate market. The need for developing elastic paints with attractive rheological properties to meet individual requirements of the end-use of the paints and coatings industry has been a key trend. Revenues in the isononyl acrylate market have come from the strides by the adhesives industry in the developing economies, notably in Asia. The marked versatility of pressure sensitive adhesive (PSA) tapes to work with various substrates is a key factor cementing the sales of the market. PSA tapes are rising in application areas, due to cost-efficiency, ease of use, and expanding array of applications. The demand in the market is propelled by continuous advances in adhesives technology. A number of materials have been used in such adhesives, which, in turn has spurred the demand for isononyl acrylate. Rise in demand for specialty paints in various industries such as automotive, medical, and aerospace sectors is spurring opportunities for isononyl acrylate market players.

The Covid-19 pandemic and the continuing morbidity has caused upheavals in economic growth and firm’s production across sectors. The isononyl acrylate market has also been impacted by this humanitarian crisis. As a results, stakeholders ranging from raw material suppliers to distributors have been impacted to an extent. Currently, new waves in some of the key economies of the world have led to a deepening of the crisis, and have affected the economic production hard in some sectors. Governments in such nations are coming out with new policies and policy frameworks to develop new protectionist strategies for industries to continue boosting the flow of money in the economy. Businesses especially in the developed world are also expected to come out with new approaches to absorb the shocks of the aftermath.

Global Isononyl acrylate Market: Segmentation

Application

  • Adhesives & Sealants
  • Paints & Coatings

Region

  • North America
  • Latin America
  • Asia Pacific
  • Europe
  • Middle East & Africa

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1. Preface

     1.1. Report Scope and Market Segmentation 

     1.2. Research Highlights

     1.3. Research Objectives

     1.4. Key Questions Answered

2. Assumptions and Research Methodology

     2.1. Report Assumptions

     2.2. Abbreviations Used

     2.3. Research Methodology

3. Executive Summary

     3.1. Global Isononyl Acrylate Market Size, By Market Value (US$ Thousand) And Market Value Share, By Region

     3.2. Key Trends

4. Market Overview

     4.1. Product Overview

     4.2. Key Industry Developments

     4.3. Market Indicators

     4.4. Drivers and Restraints Snapshot Analysis

            4.4.1. Drivers

                     4.4.1.1. Advancements in adhesives and their raw materials 

                     4.4.1.2. Global paints & coatings industry 

            4.4.2. Restraints

                     4.4.2.1. High cost of production and long lead times

                     4.4.2.2. Availability of substitutes

            4.4.3. Opportunities

                     4.4.3.1. Production Cost Diminution Value Chain Analysis

     4.5. Value Chain Analysis

     4.6. Porter’s Analysis 

     4.7. Product Comparison

5. Global Isononyl Acrylate Market Analysis and Forecasts, By Application

     5.1. Introduction

     5.2. Market Size (Kilograms) Forecast By Application

     5.3. Market Size (US$ Thousand) Forecast By Application

     5.4. Isononyl Acrylate Market Attractiveness Analysis By Application

6. Isononyl Acrylate Market Analysis By Region

     6.1. Key Findings

     6.2. Global Growth Scenario

     6.3. Market Size (Kilo Tons) (US$ Thousand) Forecast By Region

     6.4. Isononyl Acrylate Market Attractiveness Analysis, By Region Type

7. North America Isononyl Acrylate Market Analysis

     7.1. North America Isononyl Acrylate Market Overview

     7.2. North America Market Value Share Analysis, By Application

     7.3. North America Market Forecast By Application Type

8. Europe Isononyl Acrylate Market Analysis

     8.1. Europe Isononyl Acrylate Market Overview

     8.2. Europe Market Value Share Analysis, By Application

     8.3. Europe Market Forecast By Application Type

9. Asia Pacific Isononyl Acrylate Market Analysis

     9.1. Asia Pacific Isononyl Acrylate Market Overview

     9.2. Asia Pacific Market Value Share Analysis, By Application

     9.3. Asia Pacific Market Forecast By Application Type

     9.4. Asia Pacific Market Attractiveness Analysis

10. Middle East and Africa (MEA) Isononyl Acrylate Market Analysis

     10.1. Middle East and Africa Isononyl Acrylate Market Overview

     10.2. Middle East and Africa Market Value Share Analysis, By Application

     10.3. Middle East and Africa Market Forecast By Application Type

11. Latin America Isononyl Acrylate Market Analysis

     11.1. Latin America Isononyl Acrylate Market Overview

     11.2. Latin America Market Value Share Analysis, By Application

     11.3. Latin America Market Forecast By Application Type

12. Competition Landscape

     12.1. Key Players

            12.1.1. BOC Sciences

                     12.1.1.1. Company Overview

                     12.1.1.2. Recent Developments

            12.1.2. Osaka Organic Chemical Industry Ltd 

                     12.1.2.1. Company Overview

                     12.1.2.2. Recent Developments

            12.1.3. Angene International Limited 

                     12.1.3.1. Company Overview

                     12.1.3.2. Recent Developments

List of Tables

Table 01: Global Isononyl Acrylate Market Size (Thousand US$) and Volume (Kilograms) Forecast, by Application, 2018–2027

Table 02: Global Isononyl Acrylate Market Size (Thousand US$) and Volume (Kilograms) Forecast, by Region, 2018–2027

Table 03: North America Isononyl Acrylate Market Size (US$ Thousand) and Volume (Kilograms) Forecast, by Application Type, 2018–2027

Table 04: Europe Isononyl Acrylate Market Size (US$ Thousand) and Volume (Kilograms) Forecast, by Application Type, 2018–2027

Table 05: Asia Pacific Isononyl Acrylate Market Size (US$ Thousand) and Volume (Kilograms) Forecast, by Application Type, 2018–2027

Table 06: Middle East & Africa Isononyl Acrylate Market Size (US$ Thousand) and Volume (Kilograms) Forecast, by Application Type, 2018–2027

Table 07: Latin America Isononyl Acrylate Market Size (US$ Thousand ) and Volume (Kilograms) Forecast, by Application, 2018–2027 

List of Figures

Figure 1: Isononyl Acrylate Market 

Figure 2: Global Isononyl Acrylate Market Size (Thousand US$) and Volume (Kilograms) Forecast, 2018–2027

Figure 4: Global Isononyl Acrylate Average Prices (US$/Kg), 2018–2027

Figure 04: Global Isononyl Acrylate Market Value Share Analysis, by Application, 2018 and 2027

Figure 05: Global Isononyl Acrylate Market Attractiveness Analysis, by Application

Figure 06: Global Isononyl Acrylate Market Value Share Analysis, by Region, 2018 and 2027

Figure 07: Global Isononyl Acrylate Market Attractiveness Analysis, by Region

Figure 08: North America Isononyl Acrylate Market Size (US$) and Volume (Kilograms) Forecast, 2018–2027

Figure 09: North America Isononyl Acrylate Market Size and Volume, Y-o-Y Growth Projection, 2018–2027

Figure 15: North America Isononyl Acrylate Market Value Share Analysis, by Application, 2018 and 2027

Figure 11: Europe Isononyl Acrylate Market Size (US$ Thousand) and Volume (Kilograms) Forecast, 2018–2027

Figure 12: Europe Isononyl Acrylate Market Size and Volume, Y-o-Y Growth Projection, 2018–2027

Figure 13: Europe Isononyl Acrylate Market Value Share Analysis, by Application, 2018 and 2027

Figure 14: Asia Pacific Isononyl Acrylate Market Size (US$) and Volume (Kilograms) Forecast, 2018–2027

Figure 15: Asia Pacific Isononyl Acrylate Market Size and Volume, Y-o-Y Growth Projection, 2018–2027

Figure 16: Asia Pacific Isononyl Acrylate Market Value Share Analysis, by Application, 2018 and 2027

Figure 17: MEA Isononyl Acrylate Market Size (US$ Thousand) and Volume (Kilograms) Forecast, 2018–2027

Figure 18: MEA Isononyl Acrylate Market Size and Volume, Y-o-Y Growth Projection, 2018–2027

Figure 19: Middle East & Africa Silica Market Value Share Analysis, by Application, 2018 and 2027

Figure 20: Latin America Isononyl Acrylate Market Size (US$ Thousand) and Volume (Kilograms) Forecast, 2018–2027

Figure 21: Latin America Isononyl Acrylate Market Size and Volume, Y-o-Y Growth Projection, 2018–2027

Figure 22: Latin America Isononyl Acrylate Market Value Share Analysis, by Application, 2018 and 2027

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