The global demand for Isobornyl Acrylate Market is presumed to reach the market size of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period of 2022 - 2028 Regarding volume, the market was calculated XX Tons in 2021 and forecast to touch XX Tons by 2028 with a CAGR of XX% during 2022-2028.
Isobornyl acrylate (IBOA) is a chemical compound with a bicyclic structure. It can polymerize when exposed to a source of free radicals, like UV light. This is because of its monofunctional reactive diluent nature. The enhanced thermal stability and its mono functionality nature minimize crosslinking. Hence it is highly recommended for paints and coatings that require some flexibility. It is used in photosensitive chemicals, pigments, and adhesions that require high elongation. It is best suited for use in solvent-based systems. In the agriculture sector, it is used in the manufacture of non-pesticide products. It is also a good candidate for use in medical devices like insulin pumps and glucose monitoring systems.
Market Dynamics
The rapidly expanding chemical industry and the growing need for intermediaries used in various end-user products will be the primary stimulants for market growth. The high demand for resins and polymers in inks, coatings, paints, adhesives, and medical devices will further propel market growth. The low viscosity, optical properties, and good resolution make the chemical highly sought after in photosensitive chemicals, UV, and electronic beam cured inks. The rising investments in the construction sector and infrastructure development will benefit the growth of this market. Rapid industrialization and high disposable income will be market boosters. This market's primary constraint is the extra care needed in ensuring that the chemical does not enter the water bodies since it can be very toxic to aquatic life.
The report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of isobornyl acrylate. The growth and trends of Isobornyl Acrylate Industry provide a holistic approach to this study.
Market Segmentation
This section of the isobornyl acrylate market report provides detailed data on the segments by analyzing them at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Type
- Isobornyl Acrylate
- Isobornyl Methacrylate
By Applications
- Reactive Diluent
- Resin Synthesis
- Others
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Isobornyl Acrylate market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Isobornyl Acrylate Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the isobornyl acrylate market include NIPPON SHOKUBAI, Sartomer, Evonik, Green Pine, Osaka Organic Chem, Solvay, DSM, Tianchi Chemical, IGM Resin, WUXI ACRYL TECHNOLOGY, and Jinan Yudong Tech. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
In case you have any custom requirements, do write to us. Our research team can offer a customized report as per your need.