Isononyl Acrylate Market Trends by Key Players: BOC Sciences, ExxonMobil Chemicals, OSAKA Organic Chemical Industry Limited, KH Chemicals
Global Isononyl Acrylate Market is expected to register a moderate CAGR close to 2.5% in the forecast period. Isononyl acrylate is a special type of acrylate obtained by the reaction of isononyl alcohol and acrylic acid.
(EMAILWIRE.COM, August 07, 2018 ) At present, Asia pacific led the global isononyl acrylate market size in terms of demand and production. In addition, the region is likely to exhibit maximum growth over the forecast timeframe due to rapid industrialization and urbanization, accompanied by infrastructural boom, which has escalated demand for paints & coatings.
Growing consumerism is also responsible for the product market growth in the region. Japan is a key manufacturer and consumer of the product in Asia Pacific. Europe is the second largest consumer in the product market. In North America and Europe, technological improvements are fueling demand for sealants and thereby accelerating the isononyl acrylate market size by 2024.
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Global Isononyl Acrylate Market size is expected to register a moderate CAGR close to 2.5% in the forecast period. Isononyl acrylate is a special type of acrylate obtained by the reaction of isononyl alcohol and acrylic acid. Amongst all available acrylates commercially, the product has least glass transition temperature which makes it suitable across various applications such as paints & coatings adhesives & sealants, etc.
Isononyl acrylate market share is projected to increase in the coming years considering the growth of the global pressure sensitive adhesives business. The increase in uptake of pressure sensitive tapes, used as packaging tapes, masking & paper tapes, electrical tapes, cloth & duct tapes and double-sided tapes, in various industries is likely to drive the overall isononyl acrylate market size over the estimated timespan. Pressure sensitive adhesive labels are used in almost every industry from food & beverage to health & beauty industry for labelling the packaged goods.
The automobile industry in countries including China, India, Brazil and Japan is witnessing a huge demand, which in turn, drives the paints & coatings demand and thus propelling the product demand on a larger scale. Increasing automotive manufacturing will subsequently boost the product demand for paint & coatings applications. In addition, about 45% of coatings produced globally, are used to protect and decorate new structures and existing buildings including residential homes and apartments, public buildings and manufacturing plants & factories.
India, China and Brazil are focusing mainly on improving their infrastructure and promoting their manufacturing industry, which is going to increase the coatings demand and eventually driving the isononyl acrylate market size by 2024. Furthermore, special purpose coatings are used for various miscellaneous applications such as vehicle refinishing, traffic paints, protection of marine structures & vessels and coatings for industrial equipment & plants, thus widening the product demand in the near future.
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Based on application, the isononyl acrylate market is segment into two major applications, that is, adhesives & sealants and paints & coatings. The product demand is growing in the manufacturing of pressure sensitive adhesive tapes and labels, which are primarily used in packaging industry. increasing anti-corrosion paints demand for marine structure & vessels protection, will positively impact on the isononyl acrylate market size by 2024.
BOC Sciences, ExxonMobil Chemicals, OSAKA Organic Chemical Industry Limited, KH Chemicals and Angene International Limited were the major isononyl acrylate market share contributors in 2015. These companies focus on contract manufacturing and research, which helps them in gaining competitive edge in the global isononyl acrylate market.
Market share calculation in this report is not done based on companies covered in it. The calculation of isononyl acrylate market share is done based on a regional approach and countries covered. On request, additional companies can be covered as well as regional data for particular country / countries can be provided.
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Growing consumerism is also responsible for the product market growth in the region. Japan is a key manufacturer and consumer of the product in Asia Pacific. Europe is the second largest consumer in the product market. In North America and Europe, technological improvements are fueling demand for sealants and thereby accelerating the isononyl acrylate market size by 2024.
Request for an in-depth table of contents for this report @
https://www.gminsights.com/request-toc/upcoming/1312
Global Isononyl Acrylate Market size is expected to register a moderate CAGR close to 2.5% in the forecast period. Isononyl acrylate is a special type of acrylate obtained by the reaction of isononyl alcohol and acrylic acid. Amongst all available acrylates commercially, the product has least glass transition temperature which makes it suitable across various applications such as paints & coatings adhesives & sealants, etc.
Isononyl acrylate market share is projected to increase in the coming years considering the growth of the global pressure sensitive adhesives business. The increase in uptake of pressure sensitive tapes, used as packaging tapes, masking & paper tapes, electrical tapes, cloth & duct tapes and double-sided tapes, in various industries is likely to drive the overall isononyl acrylate market size over the estimated timespan. Pressure sensitive adhesive labels are used in almost every industry from food & beverage to health & beauty industry for labelling the packaged goods.
The automobile industry in countries including China, India, Brazil and Japan is witnessing a huge demand, which in turn, drives the paints & coatings demand and thus propelling the product demand on a larger scale. Increasing automotive manufacturing will subsequently boost the product demand for paint & coatings applications. In addition, about 45% of coatings produced globally, are used to protect and decorate new structures and existing buildings including residential homes and apartments, public buildings and manufacturing plants & factories.
India, China and Brazil are focusing mainly on improving their infrastructure and promoting their manufacturing industry, which is going to increase the coatings demand and eventually driving the isononyl acrylate market size by 2024. Furthermore, special purpose coatings are used for various miscellaneous applications such as vehicle refinishing, traffic paints, protection of marine structures & vessels and coatings for industrial equipment & plants, thus widening the product demand in the near future.
Request for customization of this report @
https://www.gminsights.com/roc/1312
Based on application, the isononyl acrylate market is segment into two major applications, that is, adhesives & sealants and paints & coatings. The product demand is growing in the manufacturing of pressure sensitive adhesive tapes and labels, which are primarily used in packaging industry. increasing anti-corrosion paints demand for marine structure & vessels protection, will positively impact on the isononyl acrylate market size by 2024.
BOC Sciences, ExxonMobil Chemicals, OSAKA Organic Chemical Industry Limited, KH Chemicals and Angene International Limited were the major isononyl acrylate market share contributors in 2015. These companies focus on contract manufacturing and research, which helps them in gaining competitive edge in the global isononyl acrylate market.
Market share calculation in this report is not done based on companies covered in it. The calculation of isononyl acrylate market share is done based on a regional approach and countries covered. On request, additional companies can be covered as well as regional data for particular country / countries can be provided.
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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Global Market Insights, Inc.
Arun Hegde
Tel: 1-888-689-0688
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results