Home > Bulk & Specialty Chemicals > Isobornyl Acrylate Market

Isobornyl Acrylate Market Size, Share and Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2022 – 2028

  • Report ID: GMI4343

The global isobornyl acrylate market outlook is set to remain strong through 2028, suggests a multitude of opportunities between 2022 to 2028, owing to the surging demand across chemical applications. According to the data published by the European Chemical Industry Council, the global chemicals industry was estimated at €3,471 during 2020 in terms of sales, with the BRICS nations (Brazil, Russia, India, China, and South Africa) accounting for nearly 50% of the total revenue. Japan and the U.S. are among the leading consumers of the product in the international scenario. With the adoption of biobased acylate photocurable resins gaining traction, the product is likely to see increased use across the DLP 3D printing industry for dental applications by 2028.
 

The isobornyl acrylate (IBOA) market share from the drug delivery application is growing at a significant pace, pushed by the growing product use in insulin pumps and glucose monitoring systems. The product is utilized as an adhesive in of some diabetic devices including continuous glucose monitoring systems.
 

One of the key restraints could be the rising incidence of contact allergies such as irritant contact dermatitis and allergic contact dermatitis (ACD) amongst patients with skin sensitivity. In 2020, the American Contact Dermatitis Society identified isobornyl acrylate as the allergen of the year.
 

The paints & coatings application is likely to represent a considerable chunk of the isobornyl acrylate industry share by 2028. The growing number of residential and commercial construction projects is speeding up product consumption. When exposed to free radical sources, the product generates polymers with high Tg (glass transition temperature). Since it enhances the overall resiliency, flexibility, and hardness of coatings, paints, and inks, the IBOA industry is expanding steadily.
 

Canada isobornyl acrylate market size, aided by the rise in the number of home renovation activities across the region. As IBOA exhibits high thermal resistance, major paints & coatings brands are incorporating it in their products. Adhesive manufacturing in Canada is gaining momentum, on account of the mounting use across the regional automobile industry. The product adoption has been rising as a reactive diluent across automotive applications such as radiation curable hard surface coatings. These ingredients are used in sealants for windows as well as bonding for flooring and tiles in the construction sector., the industry is making a steady headway.
 

Mitsubishi, AkzoNobel, Evonik, NIPPON SHOKUBAI, Green Pine, Solvay, Osaka Organica Chem, and IGM Resin are some top isobornyl acrylate manufacturers worldwide.
 

COVID-19 impact on isobornyl acrylate market outlook

The COVID-19 pandemic has been exerting a favorable influence on the market, triggered by the growing number of pharmaceutical and 3D printing applications. Since the risk of complications amongst COVID-19 patients with diabetes is quite high, the need for continuous glucose monitoring systems has been increasing across worldwide healthcare organizations. Hospital staff have been monitoring hyperglycemia or type 1 diabetes patients closely, preferring to use non-invasive glucose monitoring devices with isobornyl acrylate, rather than routine finger sticks. Several hospitals adopted CGM in their inpatient models for remote monitoring, minimizing their exposure to the novel coronavirus.

 

What Information does this report contain?

Historical data coverage: 2017 to 2021; Growth Projections: 2022 to 2028.
Expert analysis: industry, governing, innovation and technological trends; factors impacting development; drawbacks, SWOT.
6-7 year performance forecasts: major segments covering applications, top products and geographies.
Competitive landscape reporting: market leaders and important players, competencies and capacities of these companies in terms of production as well as sustainability and prospects.

Buy Now

Access to only 1 person; cannot be shared; cannot be printed
Access for 2 to 5 users only within same department of one company
Access to a company wide audience; includes subsidiary companies or other companies within a group of companies

Budget constraints? Get in touch with us for special pricing

Request Discount

Our Market Research Reports Include:

  • Market snapshot
  • Market Segmentation
  • Value Chain Analysis
  • Growth Dynamics
  • Potential Market Opportunities
  • Regulatory Overview
  • Technology Evolution
  • Innovation & Sustainability