Transparency Market Research reports that the
competitive landscape in the global isononyl acrylate market is
highly consolidated. The report indicates that only a few players
hold significant share in the overall market. Presently, the market
is being dominated by leading players such as OSAKA Organic Chemical
Industry Ltd., BOC Sciences, and Angene International Limited. These
companies are expected to focus on contract research and contract
manufacturing to remain dominant in the coming years
Browse Market Research Report @
According to the research report, the global isononyl
acrylate market is expected to be worth US$12.3 mn by the end of 2024
from US$10 mn in 2015. Between the forecast years of 2016 and 2024,
the global market is expected to rise at a CAGR of 2.4%.
Asia Pacific to Lead Global Market with a Share of
85% by 2024
On the basis of application, the global isononyl
acrylate is segmented into adhesives and sealants and paints and
coatings. Out of the two, the adhesives and sealants segment is
estimated to show phenomenal progress as this application segment is
projected to acquire a share of 96.5% in the global market by the end
of 2024. The increasing uptake of pressure-sensitive tapes is
expected to drive the progress of this segment in the coming years.
In terms of geography, the global market is divided
into North America, Asia Pacific, Europe, Latin America, and the
Middle East and Africa. Out of all the regions, Asia Pacific is
expected to dominate the global market as the regional market is
slated to acquire a share of 85.0% by the end of 2024.The rising
development of pressure-sensitive adhesive tables in the region are
expected to drive this regional market in the coming years.
Fill the form for an exclusive sample of this
report @
Developments in Adhesive Industry Direct Market’s
Trajectory in a Positive Way
The radical transformation of the global adhesives
and sealants industry that has boosted its performance has had an
unwavering impact on the overall isononyl acrylate market. Thus, as
the global adhesives and sealants industry grow at a rapid pace, it
is expected to propel the global adhesive tapes industry, thereby
augmenting the demand for isononyl acrylate. The report states that
the rising complexity of various products manufactured by the
adhesives industry is also expected to boost the global market. The
overall adhesives industry is estimated to benefit from the
increasing need for disposable packaging, demand for medical
products, and hybrid joining techniques for lightweight structures.
The technological advancements in the adhesives technology is also
expected to offer lucrative opportunities to the uptake of isononyl
acrylate in the near future.
The changing market dynamics of paints and coatings
industry is also expected to make a significant difference to the
rising revenue of the global isononyl acrylate market. The growing
demand for enhanced paints and coatings in end-use industries such as
automotive, construction, marine, and plastics is expected to play a
key role in determining the rising usage of isononyl acrylate. “The
rise in the demand for specialty paints is also held responsible for
the rising consumption of isononyl acrylate,” states the lead
author of this research report.
High Cost of Development Restrains Market Growth
The complex process of manufacturing isononyl
acrylate takes about 16-18 weeks. Furthermore, the straight-chain
alcohols required for making isononyl acrylate are extremely
expensive. Collectively, these factors have resulted in the high cost
of production and long lead time, thereby hampering the growth of the
overall market. The availability of low-cost substitutes is also
expected to restrain the rise of the market in the near future.
Get Request For Discount On This Report @
This review is based on Transparency Market
Research’s report, titled “Isononyl Acrylate Market - Global
Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 -
2024.”
The Global Isononyl Acrylate Market has been
segmented as Follows:
Isononyl Acrylate Market: Application Analysis
- Adhesives & Sealants
- Paints & Coatings
Isononyl Acrylate Market: Regional Analysis
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa (MEA)
About
Us
Transparency Market Research (TMR) is a global market intelligence
company providing business information reports and services. The
company’s exclusive blend of quantitative forecasting and trend
analysis provides forward-looking insight for thousands of decision
makers. TMR’s experienced team of analysts, researchers, and
consultants use proprietary data sources and various tools and
techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team
of research experts so that it always reflects the latest trends and
information. With extensive research and analysis capabilities,
Transparency Market Research employs rigorous primary and secondary
research techniques to develop distinctive data sets and research
material for business reports.
Contact Us
Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
No comments:
Post a Comment