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 .
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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.
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 Isopropyl
Acrylate Market 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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