Oxetane Market By Type (Monofunctional, Bifunctional, and Others), By Application (Adhesives, Inks, Coatings, and Others), Industry Trends, Estimation & Forecast, 2023-2030

Market Overview

Oxetane is a heterocyclic organic compound having a four-membered ring with three carbon atoms and one oxygen atom. The oxetane ring is adequately inert to chemicals to be found in natural products. It has a molar mass of 58.07 g/mol and a density of 0.83 g/cm3.

Market Dynamics

The increasing product application as coatings and resins in the paints industry and high product demand for use as underfill material in the electronics industry are the primary factors driving the market growth. The application of oxetanes in some form of additive enables quicker curing of epoxy resins and controls the curing shrinkage. Oxetane thereby ensures better performance of UV curable resins by lessening its environmental impact and energy consumption, boosting the product demand in the evolving paints industry. The continued product incorporation in adhesives, inks, and coatings have thereby improved the growth prospects of the market during the forecast period. The oxetane products are also used as underfill materials under electronic components. These products provide structural reinforcement of highly sensitive device components, thus influencing the high demand for oxetane. However, volatility in fluctuations of raw material pricing and costs might hamper the market growth. The levying of trade tariffs and taxes on shipping & transport might incur additional expenditure for the procurement of raw materials, which would be added to the final pricing of the oxetane products. The technological developments involving oxetane in specialty inks and 3D printing would provide lucrative opportunities for the market in the coming years. The use of oxetane ensures a high-quality appearance and prevention of delamination for printing surfaces, also enhancing the surface adhesiveness and chemical resistance. The 3D printing and specialty ink enterprises thereby have a piqued interest in oxetane products, which would provide the key players new possibilities of product application and business expansion over the forecast period.
 
Market Segmentation

The global Oxetane market is mainly classified based on Type and Application. Type is further segmented into Monofunctional, Bifunctional, and Others. By Application, the market is divided into Adhesives, Inks, Coatings, and Others.

The Monofunctional segment by Type holds a considerable share in terms of overall market value and volume owing to its increased productivity when combined with epoxy polymers. The integration with monofunctional oxetanes often reduces the need to illuminate the epoxy resin curing for long periods and waiting for physical property development post-illumination.

In terms of volume, the Adhesives segment by Application is expected to garner 5,245.6 Kg; growing at a CAGR of 4.4% during forecast period. The high oxetane product demand for use as adhesives with plastic materials and as a sealer that provides low moisture permeability and good adhesive strength would influence the continued segment growth in the coming years.

Regional Analysis

Based on geography, the global Oxetane market is divided into North America, Europe, Asia-Pacific, South America, and Middle East & Africa. North America is further divided in the U.S., Canada, and Mexico, whereas Europe consists of the UK, Germany, France, Italy, Russia, and Rest of Europe. Asia-Pacific is segmented into India, China, Japan, South Korea, and Rest of Asia-Pacific. The South America region includes Brazil, Argentina, and the Rest of South America, while the Middle East & Africa is categorized into GCC Countries, Egypt, South Africa, and Rest of Middle East & Africa.

Asia-Pacific is a prominent region in terms of production value and volume owing to the building of expansive manufacturing facilities with high volume production capabilities. The easy accessibility to raw materials and cost-effective labor would also instigate consistency in the regional market growth during the forecast period.

Competitive landscape

The Oxetane market is moderately consolidated, with several vital global players operating with expansive manufacturing capabilities and extended global reach. The establishment of a comprehensive distribution network for most of the key players have enabled product delivery to remote areas of emerging economies, further intensifying market competitiveness.

Key players operating in the Oxetane industry include Merck KGaA, Nagase & Co., Ltd., SkyRun Industrial Co., Ltd., SpiroChem AG, Toagosei Co., Ltd., Ube Industries, Ltd., and Alfa Aesar.

The extension of manufacturing capabilities through the opening of new facilities and expansion of business opportunities through strategic collaborations are the primarily followed business strategies of the top players looking to capture substantial market share during the forecast period.

Oxetane Market Key Segments

By Type
• Monofunctional
• Bifunctional
• Others

By Application
• Adhesives
• Inks
• Coatings
• Others

Key Global Oxetane Industry Players
• Merck KGaA
• Nagase & Co., Ltd.
• SkyRun Industrial Co., Ltd.
• SpiroChem AG
• Toagosei Co., Ltd.
• Ube Industries, Ltd.
• Alfa Aesar

Table of Content

1. Market Introduction
1.1. Executive Summary
1.2. Market Definition
1.3. Market Scope

2. Research Methodology
2.1. Primary Research
2.2. Research Methodology
2.3. Assumptions & Exclusions
2.4. Secondary data sources

3. Oxetane Market Overview
3.1. Report Segmentation & Scope
3.2. Key Market Trend
3.3. Drivers
3.3.1. Increasing product application as coatings and resins in the paints industry
3.3.2. High product demand for use as underfill material in the electronics industry
3.4. Restraints
3.4.1. Volatility in fluctuations of raw material pricing and costs
3.5. Opportunity
3.5.1. Technological developments involving oxetane in specialty inks and 3D printing
3.6. Porter’s Five Forces Analysis
3.6.1. Porter’s Five Forces Analysis
3.7. Market Share Analysis

4. Type Overview
4.1. Introduction
4.1.1. Market Size & Forecast
4.2. Monofunctional
4.2.1. Market Size & Forecast
4.3. Bifunctional
4.3.1. Market Size & Forecast
4.4. Others
4.4.1. Market Size & Forecast

5. Application Overview
5.1. Introduction
5.1.1. Market Size & Forecast
5.2. Adhesives
5.2.1. Market Size & Forecast
5.3. Inks
5.3.1. Market Size & Forecast
5.4. Coatings
5.4.1. Market Size & Forecast
5.5. Others
5.5.1. Market Size & Forecast

6. Oxetane Market Regional Overview
6.1. Introduction
6.1.1. Market Size & Forecast
6.2. North America Oxetane Market
6.2.1. North America Market Size & Forecast, By Country
6.2.2. North America Market Size & Forecast, By Type
6.2.3. North America Market Size & Forecast, By Application
6.2.4. U.S.
6.2.4.1. Market Size and Forecast
6.2.5. Canada
6.2.5.1. Market Size and Forecast
6.2.6. Mexico
6.2.6.1. Market Size and Forecast
6.3. Europe Oxetane Market
6.3.1. Europe Market Size & Forecast, By Country
6.3.2. Europe Market Size & Forecast, By Type
6.3.3. Europe Market Size & Forecast, By Application
6.3.4. Germany
6.3.4.1. Market Size and Forecast
6.3.5. France
6.3.5.1. Market Size and Forecast
6.3.6. UK
6.3.6.1. Market Size and Forecast
6.3.7. Italy
6.3.7.1. Market Size and Forecast
6.3.8. Russia
6.3.8.1. Market Size and Forecast
6.3.9. Rest of Europe
6.3.9.1. Market Size and Forecast
6.4. Asia-Pacific Oxetane Market
6.4.1. Asia-Pacific Market Size & Forecast, By Country
6.4.2. Asia-Pacific Market Size & Forecast, By Type
6.4.3. Asia-Pacific Market Size & Forecast, By Application
6.4.4. Japan
6.4.4.1. Market Size and Forecast
6.4.5. China
6.4.5.1. Market Size and Forecast
6.4.6. Australia
6.4.6.1. Market Size and Forecast
6.4.7. India
6.4.7.1. Market Size and Forecast
6.4.8. South Korea
6.4.8.1. Market Size and Forecast
6.4.9. Rest of Asia-Pacific
6.4.9.1. Market Size and Forecast
6.5. South America Oxetane Market
6.5.1. South America Market Size & Forecast, By Country
6.5.2. South America Market Size & Forecast, By Type
6.5.3. South America Market Size & Forecast, By Application
6.5.4. Brazil
6.5.4.1. Market Size and Forecast
6.5.5. Argentina
6.5.5.1. Market Size and Forecast
6.5.6. Rest of South America
6.5.6.1. Market Size and Forecast
6.6. Middle East & Africa Oxetane Market
6.6.1. Middle East & Africa Market Size & Forecast, By Country
6.6.2. Middle East & Africa Market Size & Forecast, By Type
6.6.3. Middle East & Africa Market Size & Forecast, By Application
6.6.4. GCC Countries
6.6.4.1. Market Size and Forecast
6.6.5. Egypt
6.6.5.1. Market Size and Forecast
6.6.6. South Africa
6.6.6.1. Market Size and Forecast
6.6.7. Rest of Middle East & Africa
6.6.7.1. Market Size and Forecast

7. Company Profile
7.1. Merck KGaA
7.1.1. Company Basic Information, Manufacturing Base, Sales Area and Its Competitors
7.1.2. Merck KGaA Product Category, Application, and Specification
7.1.3. Merck KGaA Financial Performance (2015-2019)
7.1.4. Main Business/Business Overview
7.2. Nagase & Co., Ltd.
7.3. SkyRun Industrial Co., Ltd.
7.4. SpiroChem AG
7.5. Toagosei Co., Ltd.
7.6. Ube Industries, Ltd.
7.7. Alfa Aesar