Companies such as OSAKA Organic Chemical Industry
Ltd., Angene International Limited, and BOC Sciences are leading the
global isononyl acrylate market, states Transparency Market Research
(TMR) in its latest research report. These companies are making big
investments in research and development of newer and better products
to remain dominant during the forecast period of 2016 and 2024.
“Widening the scope of applications of isononyl acrylate by
developing high-performing products will be the focus area of
manufacturers,” states the lead author of this research report.
Browse Market Research Report @
According to the research report, the global isononyl
acrylate market is likely to reach a valuation of US$12.3 mn by the
end of 2024 as compared to US$10 mn in 2015. The growing demand for
adhesives and sealants in various industrial verticals is expected to
help the market register a CAGR of 2.4% between 2016 and 2024.
Emerging Economies of Asia Pacific Push it to Lead
Global Market
On the basis of application, the global isononyl
acrylate market is segmented into paints and coatings and adhesives
and sealants. Over the years, the adhesives and sealants segment has
shown an unwavering dominance and is estimated to continue its stance
in the coming years. In line with this trend, the segment is
estimated to hold a 96.5% share in the global market by 2024.
Geographically, Asia Pacific is likely to lead the global market as
several emerging economies in the region are witnessing
infrastructural overhauls. The region will hold about 80% of the
total market by the end of 2024 due to soaring demand for
pressure-sensitive adhesive tapes.
Product Innovation to Determine Scope of Isononyl
Acrylate Application in Future
The global isononyl acrylate market is divided into
demand for adhesives and sealants and demand for paints and coatings.
The revolutionary transformation in the development of adhesives and
sealants has truly improved their adoption in a several products and
industries. This segment of the market is undoubtedly being favored
by the surging need for hybrid joining techniques for lightweight
structures, various medical products, and disposable packaging.
Fill the form for an exclusive sample of this
report @
Analysts anticipate that the adoption of raw
materials such as butyl-acrylates, 2EHA, and isononyl acrylates for
making new-age adhesives and sealants are likely to augment the
demand for global market in the near future. Increasing investments
for innovating adhesives by developing improved molecular
combinations are also projected to propel the overall market.
On the other hand, the uptake of isononyl acrylate
for the production of paints and coatings has also been prophesized
to boost the market’s growth. The growing demand for
high-performance paint and coatings in various industries such as
automotive, construction, plastics, aerospace, and marine among
others is estimated to be the key driver for this segment of the
global market. Thus, the development and the rise of these industries
will be directly proportional to the soaring revenue of the paints
and coatings segment, which is an integral part of the global
isononyl market. Initiatives taken by manufacturers and researchers
to develop pain that offers better elasticity by using acrylate
monomer to reduce the lower glass transition temperature is expected
to benefit the global market in the coming years.
Longer Production Period Spell Impediment for
Market Growth
On the flip side, the market is caught up in a few
restraints that are creating a negative atmosphere for the growth of
the global isononyl acrylate market. The biggest challenge for the
manufacturers is the long production period of isononyl acrylate,
which is about 16-18 weeks. Additionally, the high price of
straight-chain alcohols that are used for making isononyl acrylate
has also accentuated the problem of making the products affordable
for the players. Thus, currently, competitors are fighting the influx
of low-cost alternatives that are making a swift entry in the market.
Get Request For Discount On This Report @
This review is based on Transparency Market
Research’s report, titled “Isononyl Acrylate Market (Application
- Adhesives and Sealants and Paints and Coatings) - 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