Global Isobutyl Acrylate by Application (Adhesives, Sealants, Coatings, Plasticizers, Thermoplastics and Chemical Intermediates), by End Use Industry (Building & Construction, Paints & Coatings, Automotive, Plastics, Chemicals and Others), by Region till 2023
Pune, India -- (SBWIRE) -- 03/29/2018 -- Asia Pacific, North America, and Europe are the major regions in the Global Isobutyl Acrylate Market. Other important region in this market includes the Middle East & Africa and Latin America. Among them Asia Pacific is the major shareholder in terms of size of the Global Isobutyl Acrylate Market. It holds ~40% of market size in the global isobutyl acrylate market. China, Japan and India are leading market in Asia Pacific region. The developing countries in this region are rapidly taking up the infrastructure development activities, which is the main driver of growth in regional market. The disposable income of people in this region has increased manifolds in the last decade, which is anticipated to grow further during the forecast period. This is incentivizing the people to invest more in construction activities, especially in value addition of the housing such as decorative and paints. In addition to this there is an increasing public investment in development of physical infrastructure in this region. Apart from construction industry, the automobile industry is also flourishing in this region. India and Japan are pulling in maximum demand of Isobutyl Acrylate in established automobile industry in these countries. The emerging economies namely, India, Myanmar, and Indonesia are heavily depending upon their footwear making industry for employment generation, which is also a major factor fueling the growth of regional Isobutyl Acrylate Market.
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North America is following Asia Pacific in terms of market size of the Global Isobutyl Acrylate Market. U.S. is the major market in the regional Isobutyl Acrylate Market. The country is rapidly taking up the reconstruction activities to further develop its existing physical infrastructure in a sustainable manner, which is driving the demand of isobutyl acrylate forward. Apart from construction industry the most significant industries in this region are aerospace and transportation. The aerospace sector also deploying major application of Isobutyl Acrylate. Europe is also a significant region in the Global Isobutyl Acrylate Market owing to the presence of important end use industries. The substantial end use industry in this region is automobile industry. The use of isobutyl acrylate for making interior of high end luxury cars is the main driver of market in this region. Germany, France, and U.K. are the major contributors in the regional Isobutyl Acrylate Market. Increasing standard of living of people around the world is responsible for growing demand of luxury cars. This factor may help the regional Isobutyl Acrylate Market to grow further. Other regions in the Global Isobutyl Acrylate Market are Middle East & Africa and Latin America. Middle East has a vast potential to invest in Isobutyl Acrylate Market on account of growing building and construction and sports industry in this region. Moreover, with availability of raw material this region is estimated to be the major contributor in the Global Isobutyl Acrylate Market during the forecast period.
BASF SE (Germany)
Mitsubishi Chemical Corporation (Japan)
OSAKA ORGANIC CHEMICAL INDUSRTY LTD. (Japan)
NIPPON SHOKUBAI CO., LTD. (JAPAN)
Sigma-Aldrich Co. LLC. (U.S.)
Solventis Limited (U.K)
The Global Isobutyl Acrylate Market is segmented on the basis of applications, end use industries, and region. On the basis applications the markets is divided into adhesives, sealants, coatings, plasticizers, thermoplastics and chemical intermediates. In which the major use of isobutyl Acrylate can be found in adhesives & sealants segment. Based on end use industry the Global Isobutyl Acrylate Market is segmented into building & construction, paints & coatings, automotive, plastics, chemicals and others, wherein the major end use industries are building & construction and paints & coatings. Geographically, the markets is divided into Asia Pacific, North America, Europe, Middle East & Africa, and Latin America. Asia Pacific is the largest dominating region among them.
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