Isobornyl Acrylate Market to Depict the High Demand from coatings application Over 2020 - 2025

On the basis of application, the global Isobornyl Acrylate Market has been segmented into coatings, inks, adhesives, drug delivery and others. Among the aforementioned segments, the coating segment led the market in 2018 and shall exhibit similar trends throughout forecast period. The growing demand for coatings mainly in the developing nations is likely to generate substantial revenue to the segment during the review period. Moreover, the growing construction spending mainly in Asia Pacific shall further propel product demand during the forecast timeframe. According to the National Investment Promotion & Facilitation agency, by 2025 Indian construction market is projected to emerge as the third largest industry globally. The construction industry in India in terms of value is projected to record a CAGR of 15.7% to reach USD 738.5 billion by 2022. This shall fuel the demand for coatings, which in turn shall positively influence the market size during the forecast timeframe. Get sample copy of this research report @https://www.gminsights.com/request-sample/detail/4343 Isobornyl Acrylate Market By Application, 2014-2025 (Tons) (USD Million)
  • Coatings
  • Adhesives
  • Inks
  • Drug delivery
  • Others
Company Profiles:
  • Ashland
  • Chase Electronic Coatings
  • Mitsubishi Rayon Co., Ltd
  • IGM
  • Tianjin Toyo Ink
Inks and adhesive were other important segments in 2018. Isobornyl acrylate aids in providing resiliency, hardness and flexibility in adhesives and inks. Some of the niche product application include drug delivery applications. The product is widely used for the control release of anti-cancer chemotherapy drugs such as paclitaxel from coronary stents. Asia Pacific is likely to expand at a significant CAGR in the global isobornyl acrylate market mainly due to rising product demand in pharmaceutical and coatings applications. The shifting of major coatings manufacturers in countries such as China and India shall further augment the market size during the forecast years. Moreover, the presence of major manufacturers of isobornyl acrylate in the region shall further accelerate product demand over the forecast timespan. North America and Europe are other prominent markets owing to the presence of major coatings and adhesive manufacturing companies. Get this report Customized to your requirements @ https://www.gminsights.com/roc/4343 Some of the prominent market share contributors in the isobornyl acrylate market include, Ashland, Chase Electronic Coatings, Mitsubishi Rayon Co., Ltd, IGM and Tianjin Toyo Ink. Major manufacturers are constantly adopting various organic and inorganic growth strategies to ensure a larger market share. For instance, Evonik in 2013 expanded its production capacity of VISIOMER IBOMA isobornyl methacrylate by over 20%.