Isononyl Acrylate Market Size, Share, Growth, Trends, Consumption, Revenue, Company Analysis and Forecast 2020-2027

Published Date : Nov 2020 | No. of Pages : 200 Pages | Category : Chemical and Material

The global isononyl acrylate market is expected to grow at a CAGR of around 2.6% between 2020 and 2027 and to reach value US$ 13.5 million by 2027. Growth in the global adhesives industry is expected to provide the necessary momentum to the isononyl acrylate market in the next few years.

Isononyl acrylate is an acrylic ester (acrylate), which has low glass transition temperature. Acrylic esters are largely employed in pressure-sensitive tapes. Furthermore the paints & coatings, is another key application industry, which has been expanding steadily since the last few years due to extensive demand from developed and developing regions.

Factors such as expensive nature of isononyl acrylate and availability of cheaper substitutes such as 2EHA, butyl acrylate, methyl acrylate and ethyl acrylate are anticipated to hinder the growth of the isononyl acrylate market during the forecast period. Furthermore, High cost of production and long lead time are also expected to significantly obstruct the growth of the global isononyl acrylate market during the forecast period.

Segmental Trends

  • In terms of applications, adhesives was the largest segment of the global isononyl acrylate market, accounting for nearly 97% share in 2019. The segment is anticipated to continue its dominance during the forecast period due to continual growth from the pressure sensitive adhesive tapes market.
  • Paints and coatings is another key application segment of the isononyl acrylate market. The segment is estimated to witness the moderate growth in the next few years due to the steady increase in demand for paints and coatings in developed regions. Isononyl acrylate is usually used in the elastic paints applications.
  • The rise in demand for specialty paints has driven the market for specialty raw materials required to manufacture these paints and coatings. Several acrylic esters have traditionally been used in paints and coatings as raw materials, owing to elastic and adhesive nature of acrylic esters.
  • Acrylates such as 2-ethylhexyl acrylates (2EHA), butyl acrylates, and ethyl acrylates are commercially used in the paints & coatings industry. Among these, 2EHA is a more commercially used raw material. The low glass transition temperature of 2EHA imparts efficiency to elastic paints and coatings.

Regional Highlights

  • Asia Pacific dominates the isononyl acrylate market, followed by Europe and North America. Significant expansion in the adhesives and sealants application segments in developing regions is anticipated to be a key factor driving the isononyl acrylate market in these regions.  
  • Japan and China were major markets for isononyl acrylate in Asia Pacific in 2018. The adhesives segment has undergone a transformation over the past few years. The development of pressure-sensitive adhesive tapes is driving the market in the region. This trend is estimated to continue during the forecast period.
  • Isononyl acrylate is utilized to control the rheological properties of paints and coatings. Advancements in the construction industry are propelling this sector in Middle East & Africa. However, it is projected to expand at a sluggish rate, owing to the availability of cheaper substitutes.

Key Developments

  • Companies like Nitto Denko Corporation have developed acrylic adhesives based on isononyl acrylate as the main monomer due to its phenomenal characteristics.
  • In 2014, LG Chem, Ltd. filed a patent for the invention related to an acrylic adhesive tape and applying same on flat panel display. Isononyl acrylate may be used as acrylic acid based ester monomer for adhesion and cohesion force of the foam tape.
  • In 2011, 3M Innovative Properties Company registered a patent under the name of pressure-sensitive adhesives derived from 2-alkyl alkanols.
  • In 1983, Nissan Chemicals registered a patent under the name of isononyl acrylate monomer composition.

Competition Landscape

  • The global isononyl acrylate market is highly consolidated. Key players include BOC Sciences, Osaka Organic Chemical Industry Ltd, and Angene International Limited.
  • Japan is the major manufacturer of isononyl acrylate. Other Asian manufacturers are trying to enter the isononyl acrylate market however high cost of production and high degree of competition acts as a major barrier for the new entrant.

Market Segmentation

Application

  • Adhesives & Sealants
  • Paints & Coatings

Region

  • North America
  • Latin America
  • Asia Pacific
  • Europe
  • Middle East & Africa

The recent publication on the global isononyl acrylate market provides audiences with an overall market outlook, with the help of comprehensive assessment of the global market scenario. VRR’s study on the global isononyl acrylate market analyzes the market with respect to the historical and current market scenario and offers forecast for the period from 2020 to 2027.

Report readers are able to make important decisions pertaining to their business with a wealth of information and exclusive insights on the global isononyl acrylate market enclosed in the study. The report on the global isononyl acrylate market also provides in-depth understanding of key market trends and advancement made by companies. This TMR report is divided into different sections to allow readers to gain individual understanding of the global isononyl acrylate market.

Key Queries Addressed in Report

  • How much volume sales is expected to be generated in the global isononyl acrylate market by the products during the forecast period?
  • What are key growth indicators and market dynamics that are expected to drive the global isononyl acrylate market in the next five years?
  • Which regions are estimated to provide lucrative opportunities to the global isononyl acrylate market during the forecast period?
  • What are the essential strategies adopted by key players operating in the global isononyl acrylate market in order to expand their geographical presence?

The first section of the VRR’s report on the global isononyl acrylate market begins with a premise that includes report scope, market segmentation, and research highlights. This is followed by the executive summary that highlights aspects of the global isononyl acrylate market covered in the study. This section provides brief understanding of market elements and enables readers to understand the aspects covered in the study. The report also includes market dynamics on isononyl acrylate that offer understanding of market drivers, restraints, and opportunities.

The next section includes segmentation analysis of the global isononyl acrylate market. This evaluation includes segmentation of the global isononyl acrylate market based on application and region. Furthermore, analysis of key segments, year-on-year growth projection, and basis point share analysis are included in the report. These help readers identify promising areas for growth of the market.

The latest study on the global isononyl acrylate market offers assessment of the geographical landscape of the market. The regional study helps market competitors make important decisions pertaining to their business. Individualized, region-wise, and segment-wise analysis helps readers decipher the growth potential for the market across various geographies. Supported by year-on-year growth projection and global market value and volume share, this section is a vital part of the isononyl acrylate report.

The study on the global isononyl acrylate market offers a holistic competitive value judgment, with details of leading as well as emerging market players. The dashboard view of competitors operating in the global isononyl acrylate market allows readers to understand business strategies of these players along with their performance.

Research Methodology

Thereport on the global isononyl acrylate market is based on detailed estimation of the market, with the inclusion of comprehensive primary and secondary research inputs. Detailed investigation of the global isononyl acrylate market, in terms of competition scenario, is supported by individual-level examination of different avenues related to the market. Furthermore, for secondary research, analysts scrutinized numerous annual report publications, white papers, market association publications, and company websites to obtain the required understanding of the global isononyl acrylate market. This helps VRR’s analysts derive crucial predictions and forecast of the global isononyl acrylate market. Readers can access the study of the global isononyl acrylate market to gain projected market analysis for the period from 2020 to 2027.


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