Isobornyl Acrylate Market Size, Industry Outlook Report, Regional Analysis, Application Development, Price Trends, Competitive Market Share & Forecast, 2024 – 2032

Isobornyl Acrylate Market Size

Isobornyl Acrylate Market size is expected to witness commendable growth over 2024-2032, considering the mounting investment in construction projects.
 

Based on the NAHB analysis of the Census Construction Spending data, in March 2022, total private residential construction spending witnessed an 18.4% hike from a year earlier. As construction activities escalate, the demand for paints, coatings, and adhesives will surge, consequently driving the need for isobornyl acrylate-based formulations over the projected timeline. Across regions governments and private entities are channeling substantial investments into building and renovating residential, commercial, and industrial structures to accommodate expanding populations and enhance economic growth.
 

The escalating demand for high-performance polymers in industries such as automotive, aerospace, and electronics is fueling the growth of the market. Isobornyl acrylate-based polymers exhibit superior mechanical properties, chemical resistance, and thermal stability, making them ideal for use in advanced engineering applications. With the increasing focus on lightweight materials and durable composites, the product is witnessing growing traction among manufacturers.
 

Isobornyl Acrylate Market Trends

A prominent factor influencing isobornyl acrylate industry trends is the rising emphasis on expanding chemical facilities. Citing an instance, in July 2022, BASF invested USD 780 million in the final phase of its methylene diphenyl diisocyanate facility expansion project. This initiative was intended to double the production capacity at its Ascension Parish chemical manufacturing complex. Such initiatives will stimulate the adoption of the product to act as an intermediate product for polymer synthesis across the chemical sector.
 

Isobornyl Acrylate Market Analysis

The methacrylate esters segment is poised to witness an upsurge through 2032, owing to the strong demand for new vehicles. As per statistics from the European Automobile Manufacturers Association, in October 2022, new car registrations rose by 14% to reach 910,753 in the UK, EU, and EFTA. High boiling point, low toxicity, and compatibility with synthetic resins, natural oils, and modified products, among other unique characteristics, will amplify compound usage in modified powder coatings and other automotive applications.
 

The paints & coatings application segment is poised to depict a sizable growth rate over the forecast period, due to the rise in single-family constructions. As per statistics from the U.S. Census Bureau, in November 2022, single-family housing completions were at a seasonally adjusted annual rate of 1,047,000, a 9.5% hike from the revised October rate. Isobornyl acrylate can enhance the flexibility, resiliency, and hardness of paints, coatings, and inks. The growing construction projects will therefore propel the demand for paints and coatings for corrosion prevention.
 

North America is set to emerge as a prominent revenue hub for the isobornyl acrylate industry between 2023 and 2032, because of the proliferation of adhesive manufacturing. In March 2022, Scott Bader Co. Ltd. expanded the production of its Crestabond MMA structural adhesive in Canada, suitable for bonding composites, metals, thermoplastics, and other substrates. Home renovation has also witnessed a major upsurge, bolstering the product demand and creating opportunities for market players across the region.
 

Isobornyl Acrylate Market Share

• IGM Resins
• Osaka Organica Chemical Industry Ltd.
• Solvay
• Green Pine Industries
• Nippon Shokubai
• Evonik (RAG-Stiftung)
• AkzoNobel
• Mitsubishi

are some of the key players in the global isobornyl acrylate market. These firms are incorporating strategies such as new product launches, collaborations, and business developments to expand their consumer base and regional footprint.
 

Isobornyl Acrylate Industry News

• In 2023, NIPPON SHOKUBAI CO., LTD. inaugurated a new acrylic acid facility in Cilegon, Banten, Indonesia, through its subsidiary PT. NIPPON SHOKUBAI INDONESIA. This facility boasts a production capacity of 100,000 MT/Y, enhancing the company's presence and capabilities.

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