The Isononyl acrylate is a unique type of acrylate gain upon reacting with isononyl alcohol and acrylic acid. It required lesser transition temperature of glass enabling as a favorite among various applications constituting paints & coatings adhesives & sealants, etc. which are commercial acrylates. The market demand for isononyl acrylate is projected to rise during the forecast period in the context of a rise in demand for global pressure sensitive adhesives business.
Stimulated pressure-sensitive tapes that are applicable in packaging tapes, masking and paper tapes, electrical, cloth & duct, and double-sided tapes, by different producers along with services sectors, are supporting that are contributing in the market share of isononyl acrylate market demand during the forecast period. Pressure-sensitive adhesive labels are applied among various industries ranging from food & beverage, health & beauty industry in labeling the packaged products.
The Global Isononyl Acrylate Market Has Valued At US$ 10.67 Mn In 2018 And Anticipated To Expand At A CAGR Of 2.2% To Reach US$12.98 Mn By 2027.
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Increase In The Manufacturing Of Pressure-Sensitive Tapes To Drive The Demand Of Isononyl Acrylate:
The application of isononyl acrylate is categorized into adhesives and sealants and paints and coatings, etc. Adhesives and sealants application is anticipated to grow its market demand at a higher rate. Pressure-sensitive tapes should exhibit a greater market demand during the forecast period. Importance in the usage of isononyl acrylate is exhibited by the manufacturers of pressure-sensitive adhesive tapes that are widely applicable in different industries. Therefore, greater demand for pressure-sensitive tapes is projected for a healthy influence on the demand of isononyl acrylate during the forecast period. The industry including paints and coatings shall have a substantial usage of isononyl acrylate exhibiting as a lucrative opportunity for the market growth of it in the construction industry.
Asia Pacific region held a Key share of Global Isononyl Acrylate market in 2018
The manufacturing and supply chain of isononyl acrylate is greater in the Asia Pacific region among others. The region is projected for having a greater market share especially by the contribution of developing countries and exponential growth rate of industrialization. The isononyl acrylate market exhibits considerable growth by continuous urbanization, infrastructure development is driving the growth of the isononyl acrylate market in the Asia Pacific region. The market growth of isononyl acrylate is exhibited by an increase of consumerism in developing countries including India, China, and Indonesia, etc. The Asia Pacific region has a higher growth rate of production facilities that are stimulating its demand in the market. Prominent end-users of isononyl acrylate offerings are projected to be from developing countries such as China and Indonesia, etc.
The market of Isononyl Acrylate is considered to be having rivalry forces and hence it has high competition among the companies. Isononyl Acrylate manufacturing companies cater their offerings to various industries that offer a wide range of final products hence the market is observed to be lucrative in nature to gain a competitive edge.
Prominent players of isononyl acrylate market are listed as follows: BOC Sciences, ExxonMobil Chemicals, OSAKA Organic Chemical Industry Limited, KH Chemicals and Angene International Limited.
Impact of COVID-19 on Economy, Industry and Company
The emergence of novel coronavirus has affected the global economy, industry dynamics and company’s top line. The entire ecosystem has to suffer the impact of this pandemic disease which would result in demand & supply gap, production delay and weak consumer demand of end products across industries.
At Bizizz Market Research, our analyst has done extensive research across industries and identified various methodologies which would assist C-Level executives to counter this ongoing threat and make informed business decisions.
Areas at which Bizizz Market Research would help decision makers are:
a) Insights on current demand & supply gap analysis
b) Impact on value chain and supply chain and strategies adopted to off set its impact
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e) Market assessment, regional
and country attractiveness, competitive benchmarking
and entry strategy
f) Prioritizing strategies and
how it would impact company’s short to long-term business
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