Isononyl Acrylate Market Size, Share and Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2024 – 2032

Isononyl Acrylate Market Size

Isononyl Acrylate Market size is expected to grow rapidly by 2032, driven by growing construction and infrastructure activities. The construction sector is a substantial consumer of isononyl acrylate-based products like adhesives and sealants that are utilized in building materials and structures. To that end, the escalating number of construction and infrastructure development projects worldwide is expected to propel the product demand. As economies invest in infrastructure upgrades and urbanization projects, the need for these products is likely to surge.
 

Isononyl Acrylate Market Trends

With the growing environmental concerns and shift towards sustainability, there is a rising preference for environmentally sustainable products. According to Travelperk in 2023, 65% of CxOs cited regulatory environment as a key factor influencing their investment decisions in climate change initiatives. Additionally, climate change ranked as the second most significant concern (42%) for organizations in 2024, just behind economic outlook (44%). This has led to the development and adoption of bio-based and water-based isononyl acrylate formulations.
 

Several product manufacturers are also investing in R&D activities to create formulations that offer similar performance characteristics to traditional isononyl acrylate while reducing environmental impacts. The rising interest in eco-friendly alternatives among consumers and industries looking to minimize their carbon footprint and comply with stringent environmental regulations will boost the market growth.
 

Isononyl Acrylate Market Analysis

Isononyl acrylate industry from the adhesives & sealants end-use segment is expected to grow rapidly by 2032, due to growing usage across various industries for bonding and sealing applications. Isononyl acrylate-based adhesives offer superior bonding strength, flexibility, and durability, making them ideal for use in demanding applications like automotive assembly, construction, and packaging. Moreover, as the demand for high-performance adhesives and sealants will continue to rise, the segment is further anticipated to grow.
 

The market value from the methyl acrylate type segment is poised to grow rapidly between 2024 and 2032. This can be attributed to the rising usage of methyl acrylate as a key raw material in the production of isononyl acrylate through the esterification process. With the increasing demand for isononyl acrylate in various end-use industries, the demand for methyl acrylate is expected to rise. Moreover, the versatility and compatibility of methyl acrylate with other chemicals makes it a preferred choice for manufacturers in the acrylics space.
 

Asia Pacific isononyl acrylate market is expected to gain prominence by 2032, driven by the rapid industrialization, growing population, and increasing urbanization across the region. Countries, such as China, India, Japan, and South Korea are witnessing significant investments in infrastructure development, automotive manufacturing, and packaging industries, further driving the demand for isononyl acrylate. Additionally, the presence of key manufacturers and suppliers in the region is further contributing to the market growth.
 

Isononyl Acrylate Market Share

Some of the major isononyl acrylate market players across the globe include:

• BOC Sciences
• ExxonMobil Chemicals
• OSAKA Organic Chemical Industry Limited
• KH Chemicals
• Angene International Limited

These companies are focusing on gaining competitive edges as well as expanding their global reach through inorganic strategic measures, including mergers, partnerships and acquisitions.
 

Isononyl Acrylate Industry News

In September 2023, ExxonMobil initiated operations at two new chemical production units in Baytown, Texas. Valued at $2 billion, this expansion aligns with ExxonMobil's strategic vision to enhance product value from its U.S. Gulf Coast facilities.