Global Isobutyl Acrylate Market is likely to be propelled by Growing Building and Construction Industry around the World
Global Isobutyl Acrylate 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. Global Construction Adhesives Markets is estimated to reach ~USD 11 billion by the end of 2023 at CAGR of 5.50%.
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 adhesives. 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. The toluene oxidation process is gaining traction across various end-use industries including the F&B sector owing to higher safety parameter.
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Global Isobutyl Acrylate Market – Prominent Players
Key players in the Global Isobutyl Acrylate Market are BASF SE (Germany), Mitsubishi Chemical Corporation (Japan), BAMM (U.S.), OSAKA ORGANIC CHEMICAL INDUSRTY LTD. (Japan), NIPPON SHOKUBAI CO., LTD. (JAPAN), Sigma-Aldrich Co. LLC. (U.S.), Solventis Limited (U.K), and others., are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the global Isobutyl Acrylate Market.
Market Boosters and Barriers
A significant percentage of global Isobutyl Acrylate consumption is accounted by aroma chemical manufacturing. Agrochemical and pharmaceutical are the other major end-use industries of Isobutyl Acrylate. Growing demand for aromatic chemicals worldwide is proving an impetus to the global Isobutyl Acrylate Market. The product is also witnessing widespread popularity in in the pharmaceutical sector; it is increasingly used as an active pharmaceutical ingredient (API). The agrochemical sector also presents lucrative opportunities to market players. Demand for Isobutyl Acrylate is rising sharply in the agrochemicals industry.
Demand for food grade Isobutyl Acrylates is also growing at a substantial pace. Growth of the F&B sector and increased consumption of packaged food worldwide is fuelling the demand for food grade Isobutyl Acrylate. The product also finds application in dyestuff manufacturing and fragrance and flavour creation. Such factors are expected to support the growth of the global Isobutyl Acrylate Market during the assessment period. Nonetheless, unstable crude oil prices may have ramification on supply and availability of raw materials use for Isobutyl Acrylate production. At the same time, stringent regulations on manufacturing and used of Isobutyl Acrylate Market Size is somewhat undermines the market potential. In developing countries, the unfragmented nature of the market also remains a challenge.
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Isobutyl Acrylate Market - Segments:
The Global Isobutyl Acrylate Market is segmented on the basis of application, end use industry, and region. On the basis of 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 Acrylate Industry.
