The growth of demand in China’s logistics industry is conducive to the development of octyl acrylate market

Octyl acrylate, also known as isooctyl acrylate, referred to as 2-EHA, is an organic compound with a molecular formula of C11H20O2 and a molecular weight of 184.28. Octyl acrylate is easy to polymerize when exposed to light, so contact with strong oxidants, strong acids, and strong bases should be avoided; octyl acrylate is flammable and will burn when exposed to open flames or high heat. Octyl acrylate is mainly used as a soft monomer in the manufacture of acrylate solvent-based and emulsion-type pressure-sensitive adhesives. It is also used as the main monomer in the production of microsphere-type pressure-sensitive adhesives for notebooks. It is also used in the manufacture of coatings (emulsions) and glues. Adhesives, plastic modifiers, paper and leather processing aids, fabric finishing agents and other products.

Europe, the United States and Japan, as traditional chemical industry powers, have strong production and consumption capabilities in acrylates. Among them, global acrylate giants BASF and Arkema have built large production lines in Germany and France respectively. However, as downstream markets such as adhesives and coatings shift to developing countries in China, the center of global octyl acrylate production has gradually shifted to China. This is not only due to the rise of local octyl acrylate manufacturers in China, which are actively expanding production capacity and releasing output. Leading international companies represented by BASF are also increasing investment in China and preparing to build an octyl acrylate production line, further promoting changes in the global octyl acrylate production pattern.

There are a small number of companies in China’s octyl acrylate industry, and the industry market concentration is high. Specifically, at this stage, representative companies in China’s octyl acrylate industry include Jiangsu Guojiao Chemical Technology Co., Ltd., Zhejiang Yonghe Adhesive Products Co., Ltd., Zhejiang Satellite Petrochemical Co., Ltd., Shanghai Huayi Group Co., Ltd., and Formosa Plastics Industry (Ningbo) Co., Ltd., etc. These companies have large production scales of octyl acrylate, have established good brand effects, and occupy a large market share. Inter-industry competition is mainly carried out among these companies. Competition includes price competition, There are many aspects such as product quality competition and brand competition. According to the released “2022-2027 China Octyl Acrylate Industry Market In-depth Research and Development Prospects Forecast Report” shows that the market continues to In the process of development, the production capacity and output of China’s octyl acrylate industry has increased significantly. In 2021, the output of China’s octyl acrylate industry will exceed 300,000 tons.

Octyl acrylate has a wide range of downstream applications. It can be used as a polymerization monomer, used in soft polymers, and plays an internal plasticizing role in copolymers. It can also be used in the production of coatings, adhesives, plastic modifiers, papermaking and leather. Processing aids, fabric finishing agents and other products. Among them, the adhesive field is the largest application field of octyl acrylate, which is mainly used as a soft monomer to manufacture acrylate solvent-based and emulsion-based pressure-sensitive adhesives. Analysts believe that in recent years, with the increasing popularity of personal smart terminals and Internet coverage, the development of China’s e-commerce industry Rapidly, it has promoted the development of express delivery and logistics industries. The market demand for pressure-sensitive adhesives has continued to increase, which has promoted the growth of demand for octyl acrylate in the adhesive field and provided sustainable development momentum for the octyl acrylate industry. In the future, it is expected that with the widespread popularization of 5G networks and the diversified development of e-commerce forms, China’s express delivery and logistics industries will maintain a good development trend. Coupled with factors such as the growth of consumers’ environmental awareness and the development of the environmentally friendly coatings industry, China’s octyl acrylate market will Demand will increase further. Overall, the development prospects of the octyl acrylate industry are good.