Global 4-Hydroxybutyl Acrylate Market:
Overview
4-hydroxybutyl
acrylate is a clear liquid which is an acrylic acid ester having a hydroxyl functional
group and a double-bond group in the molecule. This product can be used to
copolymerize various vinyl monomers. 4-hydroxybutyl acrylate
provides outstanding scratch resistance, due to its high crosslinking
ratio and unique flexibility. Other properties of 4-hydroxybutyl acrylate
include adhesion, weatherability, rheology modification, and low volatility.
Polymers co-polymerized with 4-hydroxybutyl acrylate achieve a higher
crosslinking ratio with curing agents. It polymerizes very readily and hence,
it is generally stabilized by using air as a blanket gas and adding 300 ppm of
hydrochinone monomethyl ether (MeHQ). 4-hydroxybutyl acrylate is supplied in
its stabilized form, as it can polymerize with an explosion if not stabilized.
The stabilizer is not required to be removed, as its action can be compensated
for by adding an additional amount of initiator.
Global 4-Hydroxybutyl Acrylate Market: Drivers and Restraints
In terms
of application, the 4-hydroxybutyl
acrylate market can be 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. 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. Auto OEM coatings market is driven by rise in the number of
automotive units built globally. The total number of global automotive builds
has increased, resulting in the rise of automotive OEM coatings sector directly
impacting the 4-hydroxybutyl acrylate market that expanded at a significant
CAGR in the paints & coatings segment in 2017.
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Geographically,
the global 4-hydroxybutyl acrylate market has been 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.
Global 4-Hydroxybutyl Acrylate Market: Key Players
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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