Isooctyl Acrylate Market Size, Share, Growth, and Industry Growth by Type (Laboratory Grade and Chemical Grade), By Application (Inks, Acrylic Polymers, and Others), Regional Forecast To 2031

Updated On: 08 April 2024

Isooctyl Acrylate Market REPORT OVERVIEW

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The global isooctyl acrylate market size was USD 46 million in 2022 and is projected to touch USD 75.58 million by 2031, exhibiting a CAGR of 5.7% during the forecast period.

The global COVID-19 pandemic has been unprecedented and staggering, with isooctyl acrylate experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden spike in CAGR is attributable to demand returning to pre-pandemic levels once the pandemic is over.

Isooctyl acrylate is a type of liquid acrylate. It is a mono-functional monomer which has a low viscosity which acts as a reactive diluent. It provides adhesion along with water resistance, high flexibility, low shrinkage, and good weatherability. It is made from isooctyl and acrylic acid. Acrylates are esters, conjugate bases, and salts of acrylic acid. They are chemical agents made from methaacrylic and acrylic acid. They are used in artificial nail products.

Progressing demand for isooctyl acrylate is due to increasing application in paints & coatings industry owing to its properties. It is majorly used in the adhesive industry which is anticipated to fuel the demand for the product. One of the major reasons to use acrylates is due to its properties such as great stability and temperature.  Increasing construction and renovation activities in various activities is expected to increase product demand. High demand for modification of infrastructure activities and increase in the disposable income is anticipated to facilitate market development. 

COVID-19 Impact: Pause on Various Industries to Delay Market Growth

The effects of the COVID-19 pandemic are already being felt on a global level, the global isooctyl acrylate market was significantly influenced. The outbreak of COVID-19 had a negative impact on several markets. Various countries went into lockdown. With sudden pandemic, all kinds of businesses observed disruptions. The demand for the chemical is derived from various industries such as automobile, paints & coatings, adhesives, medical, and packaging industries. Halt on construction activities resulted in decrease in the renovation and infrastructure projects. Owing to the disruptions in the supply chains requirements from various industries were ceased. The recovery for the market is attributed to the recovery of end-user industries.

LATEST TRENDS

"Emerging Preference for Acrylic-Based Emulsions to Aid Market Expansion"

The global isooctyl acrylate market growth is anticipated to increase due to preference for acrylic-based emulsions. Need for acrylic-based emulsions is increasing owing to its applications in industrial coatings and graphic arts industries. It is preferred due to its waterproofing ability which makes them ideal for outdoor applications. This is because of the way they are formulated; they are made from water-based polymers which provide good results. Interior and exterior paints have a major part of acrylic resin. Use of special purpose coatings in traffic paints, marine vessels & structures, vehicles refinishing, and other applications is expected to create demand for such chemicals. Such applications and preference for acrylic-based emulsions is expected to pose an opportunity for market growth during the forecast period.   

Isooctyl Acrylate Market SEGMENTATION

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• By Type

Based on type; the market is divided into laboratory grade and chemical grade.

Chemical grade is the leading part of the type segment.

• By Application

Based on application; the market is divided into inks, acrylic polymers, and others.

Acrylic polymers are the leading part of the application segment.

DRIVING FACTORS

"Demand for Rigid Packaging Adhesives to Enable Market Growth"

The global isooctyl acrylate market growth is estimated to witness development owing to the demand for rigid packaging adhesives. These adhesives are being widely used in packaging of consumers and food & beverage industries. Various countries have been adopting modern style of packaging for food products. The demand for packaging has significantly increased which is projected to fuel market expansion. Such growing pollution levels are anticipated to drive the demand for reverse osmosis pumps and provide profitable opportunities for the market.

"Growth in the Automobile Industry to Push Product Demand"

Growing demand for isooctyl acrylate owing to the growth and demand from the automobile industry, which is estimated to drive the product demand. Growing demand from automobile industry from various countries to increase the demand for paints & coatings industry. Growing automotive manufacturing in various regions and their countries is projected to create demand for special coatings. Special coatings for various miscellaneous applications such as traffic paints, vehicle refinishing, industrial equipment, and other uses. Such growth in the automobile industry is anticipated to drive the market growth during the forecast period.     

RESTRAINING FACTORS

"Harmful Effects from the Product to Obstruct Product Demand"

There are a number of factors that can push the growth of the isooctyl acrylate market. Restraining factors such as exposure to acrylates can cause health side effects. There are serious health issues that can harm humans. Side effects such as cellular damages, cancer, organ system toxicity, and reproductive toxicity. Such negative effects of the product are anticipated to restrict and limit the market growth.

Isooctyl Acrylate Market REGIONAL INSIGHTS

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"Presence of Market Players in Europe to Aid Market Share"

Europe holds the largest part of the global isooctyl acrylate market share owing to the presence of the majority of market players. Increasing demand for acrylic-based paints & coatings from paints & coatings industry is expected to drive the market growth. The demand is anticipated to escalate owing to growing urbanization and industrialization in the region. Demand for rigid packaging from various industries such as food and beverage, packaging, Region’s rising living and lifestyle standards in the region are projected to fuel market development as it is anticipated to create and boost demand for acrylic formulations. Acrylic formulations are used in surface coatings, adhesives, textiles, and plastics. Increasing construction and renovation activities in the region is estimated to increase the market share.  

KEY INDUSTRY PLAYERS

"Market Players to Boost Market Growth"

The report delivers information about the list of market players and their operations in the industry. The information is collected and reported with proper research, technological developments, acquisitions, mergers, expanding production lines, and partnerships. Other aspects examined for this market include companies producing and introducing new products, regions they conduct their operations in, automation, technology adoption, generating the most revenue, and making a difference with their products.

List of Market Players Profiled

• 3M (U.S.)
• Sartomer (Arkema) (France)

REPORT COVERAGE

This research profiles a report with extensive studies that take into description of the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, etc. This analysis is subject to alteration if the key players and probable analysis of market dynamics changes.