Isononyl acrylate is a special type of acrylate, which is obtained after the reaction of acrylic acid and isononyl alcohol. Moreover, the results based on the other lab practices have proved that isononyl acrylate has the minimum glass transition temperature, amongst all commercially available acrylates. This property of isononyl acetate increases its demand in the adhesives industry in various regions which is expected to create more demand for this acrylate in the coming years. Furthermore, isononyl acrylate is also used in paints & coatings application owing to its thermal properties such as low glass transition temperature.
The market is witnessing growth owing to the rapid growth of isononyl adhesives in adhesives industry coupled with the expansion of the global pressure sensitive adhesives business. furthermore, the surge in use of pressure sensitive tapes, used as masking & paper tapes, packaging tapes, cloth & duct tapes, electrical tapes and double-sided tapes, has further contributed to market growth. In addition, pressure sensitive adhesive labels are used in almost every industry starting from food & beverage to health & personal care industry for labelling the packaged goods. The other factor leading to surge of market growth includes the rising global demand for rigid packaging adhesives.
These adhesives are generally used in packaging applications in consumer goods industry and food & beverage. Meanwhile, the packaged food and goods industry is well known in the developed financial nations of North America and Europe, the change towards supermarket shopping and packaged food is still increasing in the Asia-Pacific and Latin America regions. Since, these regions are still in the process of adapting the modern western style of consuming food and other products, the demand for packaging rises significantly, leading to accelerated demand for rigid packaging adhesives and ultimately stimulating the product demand. However, the presence of cheap substitutes such as 2EHA, butyl acrylate, methyl acrylate and ethyl acrylate is expected to subdue the market growth. Furthermore, the long lead time fo synthesizing isononyl acrylate is also expected to deter the market growth of in the coming years.
The market has been segmented based on the basis of application and region. Based on the application, the market is segmented as adhesives and sealants and paints and coatings. Based on region, the global isononyl acrylate market can be divided into North America, Latin America, Europe, Middle East & Africa and Asia Pacific. The robust demand in Asia-Pacific region is anticipated to be one of the key driving factors for the overall growth of the global market. Moreover, this growth is attributed to the due to rapid industrialization and urbanization, along with the rise of construction industry, which has further urged the demand for paints & coatings in this region. In addition, rise in consumerism is also responsible for the product market growth in the region. The markets in various other developing economies such as Brazil, Russia and Korea among others are also expected to witness a rapid growth throughout the forecast period. In addition to this, rising per capita disposable income and surge in the global economy is another key factor which is expected to bring impetus in the growth of the global market during the
Key players operating in the global market are concentrating on some of the major market strategies such as mergers, partnerships, collaborations and acquisitions in order to keep hold in the ever competitive global market. Furthermore, they are focusing on gaining hold on the local players to strengthen their goodwill as well as to enhance their market reach in the global market. Some of the major players in the global market include ExxonMobil Chemicals, OSAKA Organic Chemical Industry Limited, KH Chemicals, Angene International Limited, BOC Sciences, Phoenix-Chem, Nitto, Arkema, BASF SE, Singapore Glacial Acrylic Pte Ltd.
Isononyl Acrylate Market, By Type
• Methyl Acrylate
• Ethyl Acrylate
• Butyl Acrylate
• 2-ethylhexyl Acrylate
Isononyl Acrylate Market, By Application
Isononyl Acrylate Market Geographic Scope
• North America
o Rest of Europe
• Asia Pacific
o Rest of Asia Pacific
• Rest of the World
o Latin America
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