HEA, HPA, HEMA and HPMA Market (Type - Hydroxyethyl Acrylate (HEA), Hydroxypropyl Acrylate (HPA), Hydroxyethyl Methacrylate (HEMA), and Hydroxypropyl Methacrylate (HPMA); Purity - Purity 90%-95%, Purity 95%-98%, and Purity Above 98%; Application - Paints, Inks and Coating, Architectural Coatings, Automotive Coatings, Infrastructural Coatings, Industrial Coatings, Construction, Plastic and Rubber, Personal Care, Chemical Intermediates, and Others): Global Industry Analysis, Trends, Size, Share and Forecasts to 2030

A recent report published by Infinium Global Research on HEA, HPA, HEMA and HPMA market provides in-depth analysis of segments and sub-segments in the global as well as regional HEA, HPA, HEMA and HPMA market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional HEA, HPA, HEMA and HPMA market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global HEA, HPA, HEMA and HPMA market.

Market Insight:

The global HEA, HPA, HEMA, and HPMA market was valued at USD 713.96 million in 2022 and is expected to reach USD 1025.89 million in 2030, with a CAGR of 3.96% during the forecast period 2023-2030.

Hydroxyethyl Acrylate (HEA) is an acrylic monomer utilized in diverse polymerization processes, enabling the creation of polymers with a wide range of properties. Meanwhile, Hydroxypropyl Acrylate (HPA) finds practical applications in the production of adhesives, coatings, and other polymer-based materials. On the other hand, HEMA, a methacrylic monomer, holds extensive usage in synthesizing polymers for various industries, including dental, adhesive, and coating applications, as well as in the manufacturing of medical products like contact lenses and hydrogels. Lastly, Hydroxypropyl Methacrylate (HPMA) plays a crucial role in the production of acrylic polymers used in diverse applications such as adhesives, inks, and coatings for automotive, appliance, and metal surfaces. These markets are experiencing growth due to continuous technological advancements, heightened demand for high-performance materials, and an increasing emphasis on sustainability and eco-friendly solutions. As industries strive for innovation and environmentally conscious practices, the demand for HEA, HPA, HEMA, and HPMA is set to soar, driving further developments and applications across different sectors.

The application of the adhesives and sealants driven by expanding construction projects, infrastructure development, and manufacturing activities, has spurred the demand for high-performance materials such as HEA, HPA, HEMA, and HPMA. As adhesives and sealants create a strong bond with less material than traditional fastening methods, it leads to result in a reduction of waste material which is cost-effective for the production unit. Another factor that fuels the market of HEA, HPA, HEMA, and HPMA is the rising adoption of water-borne coating which is widely used by paint and coating industries to shift towards sustainability. The demand for waterborne coating is rising as companies focus on lower Volatile Organic Compounds(VOC) which are the most harmful effect on the environment. It provides better water resistance, low-temperature flexibility, and better weathering and sunlight resistance. According to the Paint Quality Institute, 80% of household paints offered on the market are water-based paints and coatings. However, globally governments and regulatory agencies have implemented increasingly stringent environmental laws into effect to address issues like greenhouse gas emissions. The cost and viability of producing these products may be affected by changes in manufacturing procedures, disposal procedures, and raw material sourcing necessary to comply with these standards. However, increasing investment in research and development creates an opportunity for the company to expand its product portfolio in the market.

The global HEA, HPA, HEMA, and HPMA market is segmented into Asia Pacific, North America, Europe, the Middle East & Africa, and South America. Among the regions, North America dominates the HEA, HPA, HEMA, and HPMA markets. The region's growth is attributed to technological advancement, robust industrial infrastructure, and rising demand in the automotive, construction, and electronics sectors. Rising disposable income in countries like the USA, Canada, and the rest of North America leads to a rise in the demand for personal care and consumer goods product, thus the market demand for this market is positively affected by these factors. Furthermore, Asia-Pacific is predicted to dominate the HEA, HPA, HEMA, and HPMA markets. This was caused by rapid industrialization, the expansion of the infrastructure, and the expansion of the manufacturing sector in nations like China, India, and South Korea. The region's leading position was also aided by the region's expanding consumer markets and rising demand for innovative materials in sectors like building, electronics, and automotive. For instance, according to the International Trade Administration, In South Korea, the added value of the manufacturing industry will increase from USD 437 billion in 2018 to USD 678 billion in 2030.

Report Scope of the HEA, HPA, HEMA and HPMA Market:

Segment Covered

The report on global HEA, HPA, HEMA and HPMA market covers segments such as type, purity, and application. On the basis of type, the sub-markets include hydroxyethyl acrylate (hea), hydroxypropyl acrylate (hpa), hydroxyethyl methacrylate (hema), and hydroxypropyl methacrylate (hpma). On the basis of purity, the sub-markets include purity 90%-95%, purity 95%-98%, and purity above 98%. On the basis of application, the sub-markets include paints, inks and coating, architectural coatings, automotive coatings, infrastructural coatings, industrial coatings, construction, plastic and rubber, personal care, chemical intermediates, and others.

Companies Profiled:

The report provides profiles of the companies in the market such as Dow Inc., BASF SE, NIPPON SHOKUBAI CO., LTD., OSAKA ORGANIC CHEMICAL INDUSTRY LTD., Röhm GmbH Sontheim, Polysciences Inc., Changzhou Hickory Chemical Co.,Ltd, Heze Chang Sheng Yuan Technology Co., LTD., Shandong Derui Polymer Material Co., Ltd., and Jiangsu Changhai Composite Materials Co., Ltd..

Report Highlights:

The report provides deep insights into demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the HEA, HPA, HEMA and HPMA market. Moreover, the study highlights current market trends and provides forecasts from 2023-2030. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.