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 Industry .
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Market Segmentation
The global Isobutyl Acrylate Industry 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
Industry . 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 Industry . It accounts for ~40% share of the global Isobutyl
Acrylate Industry . 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 Industry . 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 Industry . 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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