Transparency Market Research in its new report titled, “4-Hydroxybutyl Acrylate Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 – 2026,” provides key insights on the 4-hydroxybutyl acrylate market. The TMR report states that the rise in the demand for highly attractive, decorative automotive and industrial coatings will drive the 4-hydroxybutyl acrylate market during the forecast period i.e, 2018-2026.
The TMR report has segmented the 4-hydroxybutyl acrylate market in terms of application and geography. Based on application, the 4-hydroxybutyl acrylate market is classified into paints & coatings, adhesives, chemical production, and electron beam curing. This product is useful for raw materials in coatings for various products such as automobiles, building materials, electronic materials, photosensitive resin compositions, and pressure-sensitive additives for medical use. 4-hydroxybutyl acrylate provides excellent scratch resistance, mechanical properties, and acid rain resistance to paint and coating materials. Coatings containing 4-hydroxybutyl acrylate used by automotive OEMs help in improving anti-abrasion property and flexibility of the coatings. It shortens the lead time of adhesive tapes due to its high OH reactivity in pressure-sensitive adhesives.
As per the report, 4-hydroxybutyl acrylate forms homopolymers and copolymers. These copolymers of can be prepared with the help of acrylic acid and its salts, amides, esters, methacrylates, acrylonitrile, maleic acid esters, vinyl acetate, vinyl chloride, vinylidene chloride, styrene, butadiene, unsaturated polyesters, drying oils, etc. This product is also used as a feedstock for chemical syntheses, as it readily undergoes addition reactions with various organic and inorganic compounds. 4-hydroxybutyl acrylate can be produced by reacting (meth) acrylic acid with 1,4-butanediol in presence of an acidic catalyst. Among applications, the paints & coatings segment held a significant share of the global 4-hydroxybutyl acrylate market in 2017. The trend is expected to continue during the forecast period, as construction & infrastructure is a growing industry across the globe. Highly attractive, decorative automotive and industrial coatings are driving the demand for 4-hydroxybutyl acrylate worldwide.
From a regional perspective, the global 4-hydroxybutyl acrylate market is segmented into five key regions: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Of these, Asia Pacific dominated the 4-hydroxybutyl acrylate market, in terms of revenue and volume, in 2017. The 4-hydroxybutyl acrylate market in the region is expected to expand at a rapid CAGR during the forecast period. Asia Pacific is the leading market for paints & coatings globally. China dominated the 4-hydroxybutyl acrylate market in Asia Pacific, in terms of revenue and volume, followed by India and Japan in 2017. This is primarily due to extensive construction activities going on in this region. This trend is anticipated to continue during the forecast period. Key companies operating in the global 4-hydroxybutyl acrylate market include BASF SE, Mitsubishi Chemical Corporation, Osaka Organic Chemical Industry Ltd., and Houchi Chemical.
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