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The global isooctyl acrylate industry is anticipated to experience remarkable growth between 2022 and 2027, led by robust demand across key application segments. The value of the isooctyl acrylate market is rising due to numerous variables. The growing use of isooctyl acrylate in paint and coatings due to its characteristics is the cause of its rising demand. It is primarily utilized in the glue business, which is expected to see a rise in product demand. The fact that acrylates have excellent temperature and stability is one of the main reasons to utilize them. The demand for the product is anticipated to rise as construction and renovation operations increase across a range of activities. Increased disposable income and a high demand for infrastructure improvement activities are expected to promote market growth.
Business Research Insights forecasts the worldwide market for isooctyl acrylate to hit USD 64 million by 2028, growing at a CAGR of 5.7% during 2022-2027. The need for special coatings is anticipated to increase as automotive manufacturing expands across regions and into neighboring nations.
COVID-19 Depleted the Construction Activities and Renovation Projects
Globally, the repercussions of the COVID-19 outbreak have already been seen; the isooctyl arcylate market experienced major change. The covid-19 epidemic had a detrimental effect on a number of markets. Several nations entered lockdown. Due to the sudden outbreak, various businesses experienced interruptions. The chemical is needed by many different industries, including the automotive, paints and coatings, adhesive, healthcare, and packaging sectors. The number of infrastructure and renovation projects decreased when construction activities were halted. Due to supply chain difficulties, requests from numerous industries were stopped. The rebound of end-user industries is credited with driving the market's recovery.
Top 5 Isooctyl Acrylate Manufacturing Companies Globally
1. Sartomer (Arkema) (France)
Every component of our business is set up specifically to achieve a single objective: to satisfy the unique needs of every single customer, big or little, all over the world. Through a comprehensive understanding of science, technology, and global connectivity, we foster, support, and promote the growth of innovation. Our knowledge enables our clients to create goods of the future, boost productivity, and shorten time to market. In order to maximize local application access and advances for its Sartomer® product line, Arkema has access to a worldwide manufacturing capability and international leverage with region technical centers.
2. AHH Chemical Co,.Ltd (China)
AHH Chemical Co,.Ltd company is a leading provider of, fine chemicals. These substances are frequently utilized in research lab, and fine chemical industries. Currently, the company is able to deliver 60,000 regular items, and by combining the powerful research teams with the knowledgeable supplier network, they are also able to give flexible delivery to fulfil customer requirements.
3. Hengzhou Alfa Chemical Co., Ltd (China)
Hengzhou Alfa Chemical Co., Ltd has more than ten years of experience in providing high-quality, reasonably priced organic chemicals, catalyst, and fine chemical intermediates. Professional technologists are available at the company to suit all of the customer’s needs. The company's guiding principle is to offer clients high-quality goods, fantastic services, and affordable rates. The service professionals are trained to comprehend all of the items they provide, so the buyer can confidently respond to any of the inquiries or concerns. This ensures that every time, the customer is satisfied.
4. Shijiazhuang Tongyang Import and Export Co., LTD. (China)
Shijiazhuang City, the capital of Hebei Province and a hub city for Beijing, Tianjin, and Hebei, is home to Shijiazhuang Tongyang Import and Export Co., LTD. The business is a cutting-edge, high-tech chemical organization with production, sales, and research and development. The business has actively pursued its "going out" strategy during the last five years. Their branches have been formed in Hubei, Vietnam, and Mexico, which has improved the business and sales network. The business will keep up its adherence to the competitive ideals of incomparable product differentiation and the positioning strategies of the fine chemical industry for the future as it works to take the initiative in the Chinese chemical industry.
5. LEAPChem (China)
LEAPChem is a dedicated supplier of fine chemicals for research and development and manufacturing. Nearly 200,000 unique and cutting-edge chemical products are offered by LEAPChem to meet the changing needs of our clients' research and bulk manufacturing operations. As a business that places a great value on serving its clients, they are dedicated to offering its clients across the globe top-quality services and goods in a timely, affordable, and effective manner.
Desire for Acrylic-Based Emulsions to Boost the Market Growth
The desire for acrylic-based emulsions is expected to boost the growth of the worldwide issoctyl arcylate market. Due to their use in graphic arts and industrial coatings, the need for acrylic-based emulsions is rising. They are favored because they are waterproof, which makes them perfect for outdoor applications. this is due to their construction, which uses water-based polymers to provide effective effects. Acrylic resin is used extensively in both interior and outdoor paints. Demand for such compounds is anticipated to increase as more companies use special purpose treatments or coatings in traffic paints, marine vessels & structures, car reconditioning, and other applications. Such uses and the demand for acrylic-based emulsions are anticipated to present a market expansion opportunity throughout the projection period.