Isononyl Acrylate Market is Likely to Clock a 2.4% CAGR From 2016 - 2024

Posted by pranav suryawanshi on October 10th, 2019

Specialty acrylate, isononyl acrylate is derived from the chemical reaction of isononyl alcohol and acrylic acid. Research indicates that isononyl acrylate has the least glass transition temperature as compared to other acrylates. This makes them the ideal raw material for adhesives and sealants. The low glass transition temperature of isononyl acrylate also changes the rheological properties of elastic paints, thus making it a key ingredient in the production of paints and coatings. Owing to these reasons, the global isononyl acrylate market is expected to surge at a CAGR of 2.4% between 2016 and 2024. The global market is expected to reach a valuation of US.3 mn by the end of 2024 from US mn in 2015. The four types of commercialized acrylates are methyl acrylate, ethyl acrylate, butyl acrylate, and 2-ethylhexyl acrylate (2-EHA).

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The global isononyl acrylate market is expected to thrive due to the flourishing global adhesives industry. The report indicates that the global adhesives and sealants industry is expected to expand at a CAGR of 4.5% between 2016 and 2024, whereas the global adhesives tapes industry is anticipated to rise at a CAGR of 6.8% during the same period. Both of these factors are expected to spike up the demand for isononyl acrylate in the coming years. Isononyl acrylate is primarily employed for adhesives applications due to their low glass transition temperature.

The information Presented in this Review is Based on Press-Release by TMR

On the basis of application, the global isononyl acrylate market is segmented into adhesives and sealants and paints and coatings. Needless to say, the adhesives and sealants application segment is anticipated to expand at a phenomenal pace. This segment is also poised to acquire a share of 96.4% by the end 2024. Currently, the key application of isononyl acrylate is seen in the production of pressure-sensitive adhesive tapes. Thus, the rise in demand for these tapes is expected to have a positive influence on the demand for isononyl acrylate in the near future. Paints and coatings industry is also anticipated to offer lucrative opportunities to the overall market due to the growing demand for these in the booming construction industry.