13-Jan-2023 | Facts and Factors
According to Facts and Factors, the global isobutyl acrylate market size was worth around USD 7.5 billion in 2021 and is predicted to grow to around USD 12 billion by 2030 with a compound annual growth rate (CAGR) of roughly 5.5% between 2022 and 2030.
Isobutyl acrylate, in the field of chemistry, is the ester of acrylic acid. A compound that is derived from an oxoacid by replacing at least one hydroxyl group is called an ester. The subsequent compounds are generally used to enhance flavors and are the most preferred choice in terms of emulsifiers. Isobutyl acrylate (IBA) is used as feedstock in the polymer synthesis process. It is a monofunctional monomer which means it contains one functional group. A monomer is combined with another identical component to create a polymer. IBA consists of a methacrylate group, which is obtained by removing a proton from the carboxylic acid group found in methacrylic acid.
Browse the full “Isobutyl Acrylate Market Size, Share, Growth Analysis Report By Product Type (Paints & Coats, Construction Materials, and Others), By Application (Sealants, Adhesives, and Coatings), and By Region - Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2022 – 2030" report at https://www.fnfresearch.com/isobutyl-acrylate-market
IBA can also be used to produce copolymers with the help of methyl acrylic acid and its amides, salts, and esters. It can be combined with methyl acrylates, maleic acid esters, acrylonitrile, vinyl chloride, butadiene, drying oils, and vinyl acetate. IBA is regarded as a useful material to start with in chemical synthesis since it can undergo reactions with a multitude of inorganic or organic compounds. However, there are certain complexities associated with the product that makes it a difficult compound to work with or store and transport. IBA can either be purchased in bulk or it can be bought with packed drum forms.
The global isobutyl acrylate market is projected to grow due to the growing demand for paints and coatings in the automobile sector. IBA, when used as a raw material, allows the end product to develop properties like high durability, and resistance to chemical changes, or the impact of other chemicals. It also imparts hydrophobicity in the final compound. Excellent weatherability is another factor why IBA is much preferred in the paint & coating products used in the automobile segment. In this segment, paint is used as a decorative and protective coating.
Vehicle bodies are constantly exposed to harmful environments and weather conditions due to sun rays, rain, or snow. Hence it is important to use various methods of providing the body of the automobile with an extra layer of protection which can be achieved by using high-grade and well-performing paints & coats. Adhesives are yet another critical part of the chemical industry because they make sure that the applied coating stays on the surface for a long duration which is an indication of the coating’s performance level.
The most crucial factor that greatly impacts global market growth is the risk of IBA undergoing polymerization. To avoid this, they have to be stored under air and cannot be exposed to inert gasses. Polymerization is a major concern if it occurs in a closed container since there is a chance of the entire solution erupting violently causing severe losses. Companies producing or dealing with IBA have to maintain the highest standard of safe storage as any leakage of the monomer can have serious consequences.
The advantages associated with the use of IBA could drive more growth opportunities while the risk of an explosion acts as a major challenge.
Segmental Overview
The global isobutyl acrylate market is segmented based on type, application, and region
Based on product type, the global market divisions are paints & coats, construction materials, and others. In 2021, the highest revenue-generating segment was the paints & coats segment owing to greater product application and an increase in demand. The segmental growth was also driven by the growing building & construction sector which is witnessing an influx of investments across developed or developing nations. To meet the demands of the growing population, increase in the standard of living, higher disposable income, and multiple government infrastructure development projects, the paint & coats segment will register higher revenue. In 2021, Bechtel, a global project management and construction giant generated around USD 7 billion in new project awards.
Based on application, the global market segments are sealants, adhesives, and coatings. During the forecast period, the global market could register the highest CAGR in the adhesives and sealants segment due to the properties of isobutyl acrylate. Another contributing factor is the shift toward sustainable development which necessitates the use of high-grade binding decorative products like glazing foils & sheets. In May 2022, Japan laid down a USD 157 billion bond to encourage green transition in the country.
Regional Overview
Asia-Pacific is projected to register the highest CAGR in the global isobutyl acrylate market owing to the growing automobile and construction segment in India, China, and Japan. Due to the growing end-user verticals, the demand for paints and coatings has increased rapidly. India and China rank amongst the top chemical-producing companies. India has adopted various policies to decrease its reliance on external sources of supply for chemical products. Growth In Europe could be driven by the increase in chemical production in Germany which is home to one of the largest chemical suppliers in the world, BASF SE. The sales revenue of the company increased by 33% in 2021 as compared to 2020.
Report Scope
Report Attribute |
Details |
Market Size in 2021 |
USD 7.5 Billion |
Projected Market Size in 2030 |
USD 12 Billion |
CAGR Growth Rate |
5.5% CAGR |
Base Year |
2021 |
Forecast Years |
2022-2030 |
Key Market Players |
Osaka Organic Chemical Industry Ltd., BASF SE, Kowa Company, Mitsubishi Chemical Corporation, and others. |
Key Segment |
By Product Type, Application, and Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa |
Purchase Options |
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Competitive Landscape
The global isobutyl acrylate market is led by players like Osaka Organic Chemical Industry Ltd., BASF SE, Kowa Company, Mitsubishi Chemical Corporation, and others.
Recent Developments:
- In September 2022, BASF inaugurated the company’s first production facility in the Zhanjiang Verbund region of China
- In July 2022, BASF announced an investment of USD 780 million to expand the company's chemical plant in the US
The global isobutyl acrylate market is segmented as follows:
By Product Type
- Paints & Coats
- Construction Materials
- Others
By Application
- Sealants
- Adhesives
- Coatings
By Region
- North America
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Nordic Countries
- Benelux Union
- Belgium
- The Netherlands
- Luxembourg
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Southeast Asia
- Indonesia
- Thailand
- Malaysia
- Singapore
- Rest of Southeast Asia
- Rest of Asia Pacific
- The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
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