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Isononyl Acrylate Market - Chemical Industry Is Expected To Propel Demand

05-15-2018 02:11 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Xpodence Research

Isononyl Acrylate Market - Chemical Industry Is Expected

Market Definition:

Isononyl acrylate is a unique kind of acrylate attained by the reaction between isononyl alcohol and acrylic acid. Amongst all the commercially available acrylates, this chemical product has least glass transition temperature that renders it ideal for various applications such as paints & coatings adhesives & sealants, etc. The global isononyl acrylate market is expected to garner maximum revenue in the forecast period. Factors such as rise in the global pressure sensitive adhesives business, high uptake of pressure sensitive tapes, utilized as masking & paper tapes, electrical tapes, packaging tapes, cloth & duct tapes and double-sided tapes, in different industries are expected to fuel the growth of isononyl acrylate market. Also, the high demand for rigid packaging adhesives that are widely used in packaging applications in food & beverage and consumer goods industry across the globe is expected to propel the demand of isononyl acrylate.

Major Key Players:

The major companies that provide isononyl acrylate include ExxonMobil Chemicals, OSAKA Organic Chemical Industry Limited, BOC Sciences, KH Chemicals and Angene International Limited. The major strategies adopted by these companies include contract manufacturing and research that enables them to gain competitive edge in the global isononyl acrylate market.

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Market Segmentation:

The global isononyl acrylate market is segmented on the basis of application, and regions. Based on application, the global market is segmented into adhesive & sealants, and paints & coatings.

Among the market segments, the sealants and adhesives are expected to command a major share owing to the growing demand of the product in the manufacturing of pressure sensitive adhesive tapes and labels that are mainly used in packaging industry. Also, the high demand for anti-corrosion paints for the protection of marine structure & vessels will also positively influence the growth of this market segment.

Market Analysis with Latest Growth Factors:

However, the highly complex and time-taking product manufacturing process, high expense required to manufacture this product are posing a challenge to the isononyl acrylate market. Additionally, the presence of cost competitive substitutes such as ethyl acrylate, methyl acrylate, butyl acrylate in the industry may present a significant hurdle to isononyl acrylate market growth.

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Regional Analysis:

Based on regions, the global isononyl acrylate market is divided into North America, Europe, Asia-Pacific (APAC), Middle East & Africa (MEA), and Latin America. The North American region is anticipated to command the maximum market share and would lead the isononyl acrylate market during the forecast period. Factors such as high usage rate of packaged food and goods in the developed economic regions including Europe and North America are driving the growth of this market.

The Asia-Pacific region is expected to witness the swiftest growth in the isononyl acrylate market. However, the gradual shift towards supermarket shopping and packaged food in the Asia Pacific regions owing to the adaptation of modern western style of consuming food and other products is propelling the growth of isononyl acrylate market in this region. Also, the rapid rate of industrialization and urbanization, coupled with infrastructural boom, has intensified the demand for paints & coatings. The increase in consumerism is also influencing the growth for this product in the region. Japan ranks among the major manufacturer and consumer of the product in Asia-Pacific region.

Major Points from Table of content:

• Executive Summary
• Research Methodology
• Market Dynamics
• Industry Overview
• Global Isononyl Acrylate Market, By Product (2017-2025)
• Global Isononyl Acrylate Market, By Regions (2017-2025)
• Market Competition Analysis

About Us:

Xpodence Research have the most extensive collection of market research reports of many categories. Xpodence Research provides the best market research solution for every industry by publishing the best possible results of great market research firms worldwide. For every particular problem, there’s a particular solution, so according to the customer needs, we provide the best possible results to them from different market research organization, whether it’s a Custom Research or Syndicated Research reports because the product that wins is the one that bridges customers to the future, not the one that requires a giant leap.

Every organization, whether it is related to Pharmaceuticals, Technology, Eatables, Consumable Goods and many more demands a market research results so that they can take important decisions for more productivity and better output in this swift world. Xpodence Research gives the best possible outcome, perfect forecast, analysis and insights of market research in the form of report which is beneficial for various organizations and also to the manufacturing companies in taking the best decisions for quality production.

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