Global Isobutyl Acrylate Market Size By Application (Adhesives, Sealants, Coatings), By Product Type (Construction Materials, Paints and Coats, Automotive), By Geographic Scope And Forecast
Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format
Isobutyl Acrylate Market size was valued at USD 8.74 Billion in 2024 and is projected to reach USD 12.89 Billion by 2031, growing at a CAGR of 5.49% from 2024 to 2031
We're seeing a boom in construction and industry globally, and that's expected to really fuel market growth. Especially, Acrylate Copolymer-based glue is becoming super popular in places like construction and woodworking. As people in developing countries see their living standards and income rise, they're more likely to spend on fancy construction projects. This is predicted to seriously increase the demand for Isobutyl Acrylate in things like adhesives, sealants, and even coatings! Plus, with the population and cities constantly growing, that's only going to help the market. Looking ahead to 2030, the rise in car production could open up even more opportunities for isobutyl acrylates.
Global Isobutyl Acrylate Market Definition
So, acrylates are basically acrylic acid's family – think of them as its salts, esters, and conjugate bases. In these acrylates, the carbonyl carbon of acrylic acid is directly hooked up to a vinyl group. Now, Isobutyl, that's a bit of a hothead! It polymerizes super quickly when exposed to heat or light, releasing a ton of energy. Plus, it's quite flammable when it meets air, though it doesn't dissolve in water all that well. You can buy Isobutyl Acrylate as a liquid, and it's known for being colorless and having a pretty awful smell. It easily forms homopolymers and copolymers. And get thisit's a really important building block in chemistry because it readily adds to tons of different organic and inorganic compounds. You'll find it used in everything from construction materials, paints, chemicals and coatings to the automotive industry. Specifically, think adhesives & sealants, coatings, making thermoplastics, and as a starting point for all sorts of other chemical reactions.
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Global Isobutyl Acrylate Market Overview
We're seeing a boom in construction and industry worldwide, which should really help the market grow! Acrylate Copolymer-based glue is becoming super popular in places like construction sites and woodworking shops. And get this, Isobutyl Acrylate is expected to become a go-to adhesive, growing at a significant rate in the global building adhesives industry. With more money in people's pockets, especially in developing countries, sectors like building, decoration, and even vehicle manufacturing are taking off. All this means the Global Isobutyl Acrylate Market is looking pretty good for the future. Big players like Badische Anilin und Soda Fabrik SE, Mitsubishi Chem. Corp., and Nippon Shokubai Co. Ltd., are working hard to find new ways to use isobutyl acrylates while also trying to minimize any potential downsides.
Looking ahead to 2030, it's expected that a growing population and more people moving to cities will really give the market a push. As we make more cars, we'll also find new ways to use isobutyl acrylates. Plus, with more construction happening, that means more buildings and infrastructure, which will lead to even more demand for isobutyl acrylates, helping the market grow. And let's not forget, food grade Isobutyl Acrylate and aromatic chemicals are super popular right now. The food and beverage industry is booming, and with more people eating packaged foods globally, the demand for food grade Isobutyl Acrylate is only going to keep going up.
However, the market’s expansion is being hampered by potential health and environmental hazards. When exposed to air, it reacts violently during the polymerization procedure and is very flammable. This mandates that the handling industry provide suitable training and adopt appropriate safety precautions. Nonetheless, with continued safety studies and suitable procedures in place for handling this medication, this problem could be solved effectively.
Global Isobutyl Acrylate MarketSegmentation Analysis
The Global Isobutyl Acrylate Market is segmented based on Application, Product Type, and Geography.
Isobutyl Acrylate Market Segmentation, By Application
• Adhesives• Sealants• Coatings• Plasticizers• Thermoplastics• Chemical Intermediates
Global Isobutyl Acrylate Market is segmented into Adhesives, Sealants, Coatings, Plasticizers, Thermoplastics, and Chemical Intermediates on basis of Application. By 2030, the Adhesives and Sealants segments are expected to account for a significant portion of the Isobutyl Acrylate market. The increase in demand for building a sustainable infrastructure to conserve the resources which use binding decorative materials such as glazing sheets and foils is the prime reason for the segment’s growth.
Isobutyl Acrylate Market Segmentation, By Product Type
• Construction Materials• Paints and Coats• Automotive• Plastics• Chemicals• Others
Global Isobutyl Acrylate Market is segmented into Construction Materials, Paints and Coats, Automotive, Plastics, Chemicals, and Others based on End-User. Due to the increasing standards of living plus the growing disposable income of people in developing countries, the Building & Construction segment is predicted to develop at an exponential rate throughout the projection period.
Isobutyl Acrylate Market, By Geography
• North America• Europe• Asia Pacific• Latin America• Middle East
Based on regional analysis, the global Isobutyl Acrylate Market is classified into North America, Europe, Asia Pacific, Latin America, and the Middle East. The Asia Pacific accounted for a significant share of the global Isobutyl Acrylate market. During the forecast period, the market in the region is expected to hold the largest revenue share due to the growing construction activities in developing counties like China, India, Malaysia, and Japan. Also, the Middle East and Africa are expected to increase at a faster rate due to the region’s enormous growth and investment possibilities.
Key Players
The “Global Isobutyl Acrylate Market” report will give value-for-money insight with an emphasis on the market. The major players in the market are BASF SE, Mitsubishi Chemical Corporation, Osaka Organic Chemical Industry Ltd., Kowa Company, Nippon Shokubai Co. Ltd., Solvents Limited, and Others.
Key Developments
• In October 2020Mitsubishi Chemical has acquired Gelest. The acquisition has helped the company to expand both geographically, and in terms of product portfolio.
• In January 2022NIPPON SHOKUBAI CO., LTD., and a research group led by Professor Hiroshi Uyama at the Division of Applied Chemistry, Graduate School of Engineering, Osaka University have collaborated on a coating substance that will give antibacterial and antiviral properties to the surfaces of a variety of materials.
Report Scope
REPORT ATTRIBUTES
DETAILS
STUDY PERIOD
2021-2031
BASE YEAR
2024
FORECAST PERIOD
2024-2031
HISTORICAL PERIOD
2021-2023
UNIT
Value (USD Billion)
KEY COMPANIES PROFILED
BASF SE, Mitsubishi Chemical Corporation, Osaka Organic Chemical Industry Ltd., Kowa Company, & Others
SEGMENTS COVERED
Application, Product Type, and Geography.
CUSTOMIZATION SCOPE
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