Isononyl Acrylate Market 2019:2025 - Growth, Trends, Applications, and Forecasts Research, Key Players like OSAKA Organic Chemical Industry Limited, KH Chemicals

Isononyl Acrylate Market share is projected to increase in the coming years considering the growth of the global pressure sensitive adhesives business. The increase in uptake of pressure sensitive tapes, used as packaging tapes, masking & paper tapes, electrical tapes, cloth & duct tapes and double-sided tapes, in various industries is likely to drive the overall isononyl acrylate market size over the estimated timespan. Pressure sensitive adhesive labels are used in almost every industry from food & beverage to health & beauty industry for labelling the packaged goods.

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Another important isononyl acrylate market growth driver is the rising global demand for rigid packaging adhesives. These adhesives are widely used in packaging applications in food & beverage and consumer goods industry. Although the packaged food and goods industry is well recognized in the developed economic regions including Europe and North America, the change towards supermarket shopping and packaged food is still growing in the Asia Pacific Latin America Middle East & Africa. These regions are gradually adapting the modern western style of consuming food and other products, the demand for packaging rises significantly, leading to accelerated demand for rigid packaging adhesives and ultimately stimulating the product demand.

The product manufacturing process is highly complex and takes almost 16-18 weeks. Moreover, the straight chain alcohols required for the product synthesis are very expensive. Together, these factors result in long lead time and high production cost, thereby challenging the isononyl acrylate market size. In addition, prevalence of cost competitive substitutes such as butyl acrylate, ethyl acrylate, 2EHA and methyl acrylate in the industry may pose a definitive threat to isononyl acrylate market growth.

Based on application, the isononyl acrylate market is segment into two major applications, that is, adhesives & sealants and paints & coatings. The product demand is growing in the manufacturing of pressure sensitive adhesive tapes and labels, which are primarily used in packaging industry. increasing anti-corrosion paints demand for marine structure & vessels protection, will positively impact on the isononyl acrylate market size by 2024.

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At present, Asia pacific led the global isononyl acrylate market size in terms of demand and production. In addition, the region is likely to exhibit maximum growth over the forecast timeframe due to rapid industrialization and urbanization, accompanied by infrastructural boom, which has escalated demand for paints & coatings. Growing consumerism is also responsible for the product market growth in the region. Japan is a key manufacturer and consumer of the product in Asia Pacific. Europe is the second largest consumer in the product market. In North America and Europe, technological improvements are fueling demand for sealants and thereby accelerating the isononyl acrylate market size by 2024.

BOC Sciences, ExxonMobil Chemicals, OSAKA Organic Chemical Industry Limited, KH Chemicals and Angene International Limited were the major isononyl acrylate market share contributors in 2015. These companies focus on contract manufacturing and research, which helps them in gaining competitive edge in the global isononyl acrylate market.

Methodology:
Our researchers and domain experts use a unique blend of primary and secondary research, with validation and iterations at every stage, in order to minimize deviation and present the most accurate analysis of the industry. The research process begins with extensive data mining, using authentic sources such as trade magazines, technical publications, independent studies along with paid avenues such as ICIS, Hoovers, etc. Primary objectives of data mining include:

1. Definition and scope of research
2. Market dynamics, growth drivers and industry pitfalls
3. Regulatory and political guidelines for the industry
4. Demographics and statistical data

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