The chemical industry in India is experiencing rapid growth, driven by factors such as increasing industrialization, urbanization, and the country's push for economic development. This growth has a cascading effect on various segments within the chemical industry, including the market for Isobutyl vinyl ether. Isobutyl vinyl ether is a versatile chemical compound with applications in the production of coatings, adhesives, and specialty chemicals. As industries such as automotive, construction, and packaging expand in India, the demand for Isobutyl vinyl ether is expected to witness significant growth.
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Data Bridge Market Research analyses that the India Isobutyl Vinyl Ether Market is expected to reach a value of USD 5,698.61 thousand by 2031 from USD 4,098.40 thousand in 2023, growing with a CAGR of 4.4% during the forecast period. The India isobutyl vinyl ether market report also comprehensively covers pricing analysis, patent analysis, and technological advancements. With the construction industry booming and increasing investments in infrastructure projects, the demand for high-quality coatings and adhesives is set to soar, thereby fueling the growth of the Isobutyl vinyl ether market.
Key Findings of the Study
Increasing Demand for Coating Applications
India Isobutyl vinyl ether market is anticipated to experience significant growth due to the increasing demand for coating applications. Coatings play a crucial role in various industries, such as automotive, construction, and packaging, where they provide protection, aesthetics, and functional properties to surfaces. Isobutyl vinyl ether, being a versatile monomer, is known for its excellent solvency and compatibility with various resins, making it a preferred choice in the formulation of coatings. The rising industrial activities and infrastructural development in India are driving the demand for coatings, thereby fueling the growth of the Isobutyl vinyl ether market.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2024 to 2031
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Base Year
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2023
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Historic Years
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2022 (Customizable to 2021 - 2016)
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Quantitative Units
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Revenue in USD Thousand, Volumes in Units, and Pricing in USD
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Segments Covered
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Purity (Less Than 99%, and 99%), End User (Adhesives, Coatings, Pharmaceuticals, Lacquers, Plasticizer, Corrosion Inhibitors, Lubricating Oils, Cable Filling Compositions, Inks, and Waxes)
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Countries Covered
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India
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Market Players Covered
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BASF SE (Germany), NATIONAL ANALYTICAL CORPORATION (India), TCI (India), Hubei Jinghong Chemical Co., Ltd (China), Connect Chemicals (Germany), Thermo Fisher Scientific Inc. (U.S.), Fengchen Group Co.,Ltd (China), Henan Tianfu Chemical Co.,(China), Hebei Yinsheng Technology Co., Ltd. (China), Cato (China), Merck KGaA (U.S.), Avra Synthesis Private Limited (India), Spectrum Chemical (U.S.), and Santa Cruz Biotechnology, Inc. (U.S.) among others
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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Segment Analysis
The India isobutyl vinyl ether market is segmented into two notable segments based on the purity and end user.
- On the basis of purity, the market is segmented into less than 99%, and 99%
In 2024, less than 99% is expected to dominate the market
In 2024, less than 99% is expected to dominate the market due to its cost-effectiveness, making it a preferred choice for various applications with 72.91% market share.
- On the basis of end user, the market is segmented into adhesives, coatings, pharmaceuticals, lacquers, plasticizer, corrosion inhibitors, lubricating oils, cable filling compositions, inks, and waxes
In 2024, adhesives segment is expected to dominate the market
In 2024, adhesives segment is expected to dominate the market due to growing demand in the packaging industry with 21.34% market share.
Major Players
Data Bridge Market Research analyzes BASF SE (Germany), TCI (India), Merck KGaA (U.S.), Hubei Jinghong Chemical Co., Ltd (China), Connect Chemicals (Germany) as the major companies in India isobutyl vinyl ether market.
Market Developments
- In September 2023, Thermo Fisher Scientific Inc. has been honored with R&D 100 Awards for three groundbreaking innovations enhancing sustainability, efficiency, and automation in life science applications. These innovations include a single-use centrifuge reducing plastic waste, a mass spectrometer enabling faster analysis with single-cell sensitivity, and an automated magnetic separation system for advanced cell therapy development and manufacturing
- In December 2022, Thermo Fisher Scientific Inc.’s PPD clinical research business wins "Clinical Research Company of the Year" at the PharmaTimes Clinical Researcher of the Year-The Americas competition, highlighting their commitment to excellence and effective training programs. Over 20 PPD clinical researchers also received individual and team honors, underscoring the company's dedication to preparing skilled professionals and delivering high-quality research services
- In November 2021, BASF SE received Chemical Week's 2021 Sustainability Awards for Best Sustainable Feedstock Initiative and Best Sustainable Product, acknowledging their commitment to environmental, social, and governance (ESG) excellence. The awards reflect BASF's industry leadership in driving sustainable solutions and product innovation with a focus on both performance and sustainability
- In October 2019, BASF SE India received two awards from the Indian Chemical Council, recognizing their commitment to Environment, Health, and Safety (EHS) standards, with achievements in sustainability, emission reduction, and safety. The accolades, including the "ICC 2018 Aditya Birla Award for Best Responsible Care Committed Company," affirm BASF's dedication to maintaining high EHS standards and excellence in chemical transportation, reinforcing their leadership in responsible and safe practices
- In February 2019, Spectrum Chemical received the Distinguished Partner Award for Applied Markets from GE Healthcare Life Sciences for the second consecutive year. The accolade was presented by GE Healthcare Life Sciences at Spectrum's National Sales Meeting in New Brunswick, NJ. The award recognizes Spectrum Chemical as a leading global manufacturer and distributor of fine chemicals, laboratory equipment, and supplies. This development demonstrates the company’s commitment and strength in its relationship with its partner
As per Data Bridge Market Research analysis
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