Dicyclopentenyloxyethyl-Acrylate Market Size, Share, Growth, and Industry Analysis, By Type (Greater than or Equal to 98%, Less than 98%), By Application (UV Coating, UV Additives, UV Ink, Others), Regional Insights, and Forecast 2024 To 2031

Updated On: 29 April 2024

Dicyclopentenyloxyethyl-Acrylate Market Report Overview

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The global dicyclopentenyloxethyl-acrylate market size was 11 million in 2022 and is expected to reach USD 22.86 million by 2031, exhibiting a CAGR of 8.3% during the forecast period. 

Dicyclopentenyloxethyl-acrylate has the chemical formula CH2=CHCOOR. It smells strongly of something terrible and is odourless. Water and almost every kind of organic solvents mix well with it. Ethyl acrylate is produced by emulsifying acrylic acid or by combining ethanol and vinyl acetate. The adaptability ofthis particular chemical, a type of monomer, is advantageous for the development of plastics, adhesives, paints, and textile coverings.

Furthermore, the excellent solubility of ethyl acrylate in ethers, alcohols, and other common organic solvents is further boosting its acceptance. The use of ethyl acrylate in emulsion-based polymers is one of the key factors influencing demand for the substance. Many different types of adhesives and sealants, such as hot melts, pressure-sensitive adhesives, and emulsion polymers, require ethyl acrylate as an essential ingredient.

COVID-19 Impact: Supply Chain Disruptions to Deplete Market Advancement

The COVID-19 pandemic has been unprecedented and staggering, dicyclopentenyloxethyl-acrylate experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.

The COVID-19 outbreak caused widespread anxiety and financial issues for numerous businesses and customers around the world. Due to a variety of surfactants and end-use applications, the market operation has had steady attention over the past few years.

However, the acrylate sector was severely impacted by the global pandemic on a number of fronts, including a drop in demand and efficiency, disruptions to the operations and supply chain, and lockdowns in strategic areas. The region most impacted was Asia Pacific, which is a major producer and user of acrylate internationally. The first three months of 2020 saw a decline in the market for acrylate materials as a result of complete shutdown in several nations around the Asia Pacific region.

LATEST TRENDS

"Growing Customer Preference for Acrylic-Based Fluids to Stimulate Market Development"

The primary trend in the advanced material market is the growing customer preference for acrylic-based (water-based) fluids over products with an oil base. This transition is mostly attributable to the advantages of these products, such as their rapid coloring, quick drying, and resistance to wear and water. Similar to oil-based paints, water-based paints are reliable, resilient in challenging environments, and free of unpredictable natural mixes (VOCs), providing incentives for their use in interior and exterior wall coatings. 

Dicyclopentenyloxyethyl-Acrylate Market Segmentation

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• By Type

Based on type; the market is divided into greater than or equal to 98%, less than 98%

Greater than or equal to 98% is the leading part of the type segment.

• By Application

Based on the application; the market is divided into UV coating, UV additives, UV ink, others

UV coating is the leading part of the application segment.

DRIVING FACTORS

"Paints and Coatings to Aid Market Expansion "

The majority of requests for this particular chemical worldwide is driven by paints and coatings. Dicyclopentenyloxethyl-acrylate is used as a raw material in the production of a wide variety of paints and coatings. Additionally, acrylics resins, which are commonly used in coating and paint applications, are produced using ethyl acrylate as a raw ingredient. Ethyl acrylate-based paints and coatings are used in a variety of industries, including automotive, construction, and industrial coatings. Therefore, owing to the above-mentioned factors the dicyclopentenyloxethyl-acrylate market growth will uplift during the anticipated period.

"Sealants and Adhesives to Foster Industry Progress  "

In a variety of industries, including packaging, automotive, construction, and others, sealants and adhesives are widely used. Since it is a crucial component in the creation of numerous adhesive and sealants that are in great demand in the industries mentioned earlier, this advanced material has been in high demand. The rising use of sealants and adhesives in the packaging industry also contributes to the requirement for ethyl acrylate. The marketplace for sealants and adhesives is anticipated to be driven by the expanding e-commerce trend as well as the growing demand for packaged items, which will probably fuel the chemical demand.

RESTRAINING FACTORS

"Hazardous Nature of the Chemical to Hinder Market Advancement"

Dicyclopentenyloxethyl-acrylate overuse may make one feel sleepy and nauseous. This advanced material is extremely hazardous and irritates the skin, eyes, and respiratory system. An extended exposure to the carcinogen ethyl acrylate could be lethal. Due to its volatility, this particular advanced material reacts readily with both organic and inorganic substances. Because of this, ethyl acrylate's potential health risks are seen as a significant dicyclopentenyloxethyl-acrylate market restriction.

Dicyclopentenyloxyethyl-Acrylate Market Regional Insights

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"Existence of Several Producers in Asia Pacific to Support Market Advancement"

Due to the existence of several producers and the rising demand for products containing ethyl acrylate in the region, the Asia Pacific region currently holds a dominant position in the worldwide dicyclopentenyloxethyl-acrylate market share. Dicyclopentenyloxethyl-acrylate is manufactured by a large number of companies in the region, especially in China, India, and Japan, three of the world's top producers. Because there are numerous producers of dicyclopentenyloxethyl-acrylate in these nations, low-cost raw materials, qualified workers, and government assistance are all readily available. It has produced a sizable number of producers in the area, which helps Asia Pacific to dominate the worldwide dicyclopentenyloxethyl-acrylate market.

KEY INDUSTRY PLAYERS

"Key Players Focus on Partnerships to Gain a Competitive Advantage"

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

The analyst provides a comprehensive picture of the market through the study, synthesis, and summarization of data from various sources, as well as an examination of important variables such as financial gain, sales prices, competition, and promotions. It identifies the key industry influencers and presents various market facets. The information provided is thorough, reliable, and the result of extensive primary and secondary research. The market report provides a comprehensive competitive landscape as well as an in-depth vendor evaluation methodology and analysis based on both qualitative and quantitative studies to accurately forecast market growth.

The reports cover important advances with in market, as well as inorganic and organic growth strategies. Various companies are concentrating on organic business expansion such as product announcements, product approvals, and other things like patents and events. Acquisitions, partnerships, and collaborations were among the inorganic growth strategies observed in the market. The above activities have paved the way for market participants to expand their business and customer base. With the growing demands for filter products in the international market, market participants in the market are expected to benefit from substantial growth opportunities in the near future.

List of Market Players Profiled

• Showa Denko Materials (Japan)
• CPD-CHEM (Switzerland)
• Ruibolong (China)
• Sinocure Chemical (China)
• Eternal (U.S.)

REPORT COVERAGE

This research offers a thorough analysis of the global market, covering all relevant areas. This includes everything from a broad market overview to micro-level information about size of the market, degree of competition, evolution trend, opportunities in the market, important market drivers, and SWOT opportunities and threats. The reader can use the study to influence industry competitiveness and competitive environment strategies to increase potential profit. Additionally, it offers a straightforward framework for assessing and gaining access to the situation of the corporate organization.

In a nutshell, this study should be read by all market participants, traders, academics, analysts, business planners, and anyone else with an interest in the market. The market competitive landscape is another area that the report structure focuses on. This report presents in depth information the share of the market, macroeconomic indicators, product scenario, operation circumstances of the major players, which aids readers in the industry in recognizing the key rivals and better understanding the market's competitive landscape.