[FURL=https://www.industryarc.com/Report/18604/tert-butyl-acrylate-market.html?utm_source=Briefingwire&utm_medium=Pressrelease&utm_campaign=Paidpressrelease]Tert Butyl Acrylate Market (TBA)[/FURL] size is forecast to reach $7.4 billion by 2026, after growing at a CAGR of 4.6% during 2021-2026. Tert-Butyl Acrylate (TBA) is a clear, colorless liquid, and acrylate monomer. TBA imparts hydrophobicity, chemical stability, hardness, scratch resistance, weather ability, hardness, and crosslinking properties to the polymers. The growing construction industry globally drives the growth of the market owing to the surging uses of butyl acetate, epoxy resin, nitrocellulose based products in construction projects for their weather ability properties. Furthermore, the growing demand for aqueous dispersions as an additive that separates fiber or particles and prevents clumping and setting from the pulp and paper industry is also driving the market growth. Whereas, growing investment and development in the healthcare sector across emerging nations further drive market growth. For instance, TBA serves as an important raw material in organic synthesis like pharmaceuticals due to the t-Boc group.
Key Takeaways
North America region is projected to witness significant growth during the forecast period due to the strong presence of aerospace and healthcare industries. The United States holds a major share in the region.
The growth of the medical industry drive the market growth as butyl acetate, epoxy resin, nitrocellulose are used in medical fibers & resins, medical elastomers, and biodegradable medical plastics.
Covid 19 will hinder the market growth during the forecast period due to the declining demand from end-uses and disruption of the global supply chain.
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Tert Butyl Acrylate Market Segment Analysis - By Geography
Asia Pacific held the largest share of more than 45% in the TBA market in 2020 followed by North America, Europe, and the Middle East region. The growth of residential buildings and public infrastructure coupled with the growing population drive the growth of this market. The growing paper & pulp industry, surging demand for packaging and hygiene products, and developing e-commerce sector is also contributing to the market growth across the region. The increase in consumption of plastic from the food and beverage and packaging sector is likely to boost the demand for the market in APAC. Furthermore, the rise in demand in the retail sector is also boosting the market growth.
Tert Butyl Acrylate Market Drivers
Easily Biodegradable & Non-Toxic for Environment
Growing Demand of TBA from Plastic Industry
Major players in the market are Tokyo Chemical Industry UK Ltd., Osaka Organic Chemical, Wanhua Chemical Group, Shandong Minde Chemical Co., Ltd., ECEM BV, Merck KGaA, Changshu Jinfeng Chemical Co., Ltd., Guangdong DeRong Chemical Co., Ltd, Eastman Chemical Co., and LyondellBasell Industries N.V., among others
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