Global Isononyl Acrylate Market size is expected to register a moderate CAGR

Isononyl acrylate market share is projected to increase in the coming years considering the growth of the global pressure sensitive adhesives business

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Global Isononyl Acrylate Market size is expected to register a moderate CAGR close to 2.5% in the forecast period.

Isononyl acrylate is a special type of acrylate obtained by the reaction of isononyl alcohol and acrylic acid. Amongst all available acrylates commercially, the product has least glass transition temperature which makes it suitable across various applications such as paints & coatings adhesives & sealants, etc.

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Global Isononyl Acrylate Market size is expected to register a moderate CAGR close to 2.5% in the forecast period.  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.

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.

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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.

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