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 on: 2024-08-05 | No of Pages : 320 | Industry : latest updates trending Report
Publisher : MIR | Format : PDF&Excel
Global Isobutyl Acrylate Market Size By Application (Adhesives, Sealants, Coatings), By Product Type (Construction Materials, Paints and Coats, Automotive), By Geographic Scope And Forecast
Isobutyl Acrylate Market Size And Forecast
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
The rise in construction activities and rapid industrialization around the world are expected to propel the market growth during the forecast period. Acrylate Copolymer-based glue is rapidly gaining traction in significant industries such as construction and woodworking. People in developing nations are boosting their living standards and disposable income, making it easier for them to invest in ornamental and high-end construction projects, which is projected to drive demand for Isobutyl Acrylate in adhesives and sealants, plasticizers, coatings, thermoplastics, etc. Other factors contributing to market growth till 2030 includes continuously rising population rates and urbanization. Over the projection period, increased automotive production tends to offer up new adoption avenues for the isobutyl acrylates market.
Global Isobutyl Acrylate Market Definition
Acrylic acids’ conjugate bases, salts, and esters are known as acrylates. Acrylic Acid’s carbonyl carbon is immediately connected to the vinyl group in Acrylates. Isobutyl polymerizes rapidly in the presence of heat and light and generates a large amount of heat. When it comes into contact with air, it is highly combustible and only mildly soluble in water. Isobutyl Acrylate is a liquid that can be purchased on the market. Colorlessness and an unpleasant odour are two of Isobutyl Acrylate’s main qualities. Homopolymers and copolymers of isobutyl acrylate are easily formed. It’s also a crucial feedstock for chemical synthesis because it can easily add to a wide range of organic and inorganic molecules. It is used in a large application which includes construction materials, paints chemicals and coatings materials, automotive, and chemicals. Adhesives & sealants, coatings, making thermoplastics, and feedstock for a variety of chemical reactions are just a few of the applications.
What's inside a
industry report?
Our reports include actionable data and forward-looking analysis that help you craft pitches, create business plans, build presentations and write proposals.
Global Isobutyl Acrylate Market Overview
The rise in construction activities and rapid industrialization around the world are expected to propel the market growth during the forecast period. Acrylate Copolymer-based glue is rapidly gaining traction in significant industries such as construction and woodworking. The demand for Isobutyl Acrylate as an adhesive is expected to develop at a significant CAGR in the global building adhesives industry. The rise of key end-use sectors such as building and construction, decorative, and vehicles is favoured by the increase in disposable income of people in emerging countries. As a result, the Global Isobutyl Acrylate Market is predicted to expand in the coming years. Badische Anilin und Soda Fabrik SE, Mitsubishi Chem. Corp., Nippon Shokubai Co. Ltd., and other market leaders are committed to expanding the application areas of isobutyl acrylates while limiting their negative consequences.
Furthermore, rising population rates and urbanization are some of the factors that are expected to boost market growth through 2030. Over the projection period, increased automotive production tends to offer up new adoption avenues for the isobutyl acrylates market. Increased construction activity tends to increase the number of infrastructures and buildings, resulting in a larger adoption base for isobutyl acrylates which will fuel the Isobutyl Acrylate market growth. Food grade Isobutyl Acrylate and aromatic chemicals are likewise in high demand. Food grade Isobutyl Acrylate is in high demand due to the growth of the food and beverage industry and the growing consumption of packaged foods around the world.
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 | Free report customization (equivalent to up to 4 analysts’ working days) with purchase. Addition or alteration to country, regional & segment scope. |
Research Methodology of Market Research
To know more about the Research Methodology and other aspects of the research study, kindly get in touch with our .
Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support
Customization of the Report
• In case of any please connect with our sales team, who will ensure that your requirements are met.