HEA, HPA, HEMA and HPMA Market: Global Industry Analysis, Trends, Market Size, and Forecasts up to 2030

The report on the global HEA, HPA, HEMA and HPMA market provides qualitative and quantitative analysis for the period from 2021-2030. 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. The study on HEA, HPA, HEMA and HPMA market covers the analysis of the leading geographies such as North America, Europe, Asia Pacific, and RoW for the period of 2021-2030.

The adhesives and sealants industry's rapid growth has fueled a substantial increase in the demand for Hydroxyethyl Acrylate (HEA), Hydroxypropyl Acrylate (HPA) Hydroxyethyl Methacrylate (HEMA), Hydroxypropyl Methacrylate (HPMA). These materials play an important role in enhancing the performance and durability of adhesives and sealants, with applications spanning diverse sectors like paper, leather, footwear, and construction. With increased government and foreign direct investment in infrastructure and industrial activities, the demand for HEA, HPA, HEMA, and HPMA is on a steady rise. Additionally, the paints and coatings industry's shift towards sustainability is further driving the market for these materials. As the industry embraces water-based coatings and powder coatings for their odorless and environmentally friendly properties, the usage of HEA, HPA, HEMA, and HPMA in eco-friendly formulations is gaining significant momentum. This adoption of sustainability initiatives in the paints and coatings industry is boosting the market for these specialized materials chemicals.

The global HEA, HPA, HEMA and HPMA market is bifurcated By Type, Purity, Application. By Type, the segment is further bifurcated into Hydroxyethyl Acrylate (HEA), Hydroxypropyl Acrylate (HPA), Hydroxyethyl Methacrylate (HEMA), Hydroxypropyl Methacrylate (HPMA). Hydroxyethyl Methacrylate (HEMA) is the fastest-growing segment. Hydroxyethyl Methacrylate (HEMA) is a pivotal compound in the polymer realm. Chiefly used to make soft contact lenses, its biocompatible and moisture-attracting properties ensure user comfort and allow oxygen to pass through. It's also a vital ingredient in dental bonding agents, facilitating the adherence of composite resins to teeth. In the realm of coatings, HEMA bolsters adhesion and wards off water. With hydroxyl groups in its structure, it's a preferred component in UV-reactive inks, coatings, and glues. Within cosmetics, HEMA augments the quality of nail gels, granting them longevity and adaptability. This multi-purpose nature highlights its vast industrial relevance.

The global HEA, HPA, HEMA, and HPMA market is segmented into Asia Pacific, North America, Europe, the Middle East & and Africa, and South America. Asia Pacific is predicted to be the dominating region within the global market share. Demand for high-performance materials for instance HEA, HPA, HEMA, and HPMA is rising because of rapid industrialization, expanding infrastructure development, and a robust manufacturing sector. According to the National Bureau of China, in 2021, the Government of China is investing 6.8 trillion yuan (about USD 1 trillion) to fund the building of diverse urban infrastructure, including urban roads, water and gas pipe networks, and parks. This will represent most of the government spending on infrastructure projects. Thus, demand for HEA, HPA, HEMA, and HPMA market is increasing in that region.

Report Findings

1) Drivers

• Growth in the adhesives and sealants industry leads to a rise in the demand for HEA, HPA, HEMA, and HPMA market.
• Shift of paints and coating industry towards sustainability drives the market of HEA, HPA, HEMA and HPMA.

2) Restraints

• Strict regulations and rising environmental concerns limit the growth of the market.

3) Opportunities

• Increasing investment in research and development creates an opportunity for the company to expand its product portfolio in the market.

Research Methodology

A) Primary Research

The primary research involves extensive interviews and analysis of the opinions provided by the primary respondents. The primary research starts with identifying and approaching the primary respondents.

The primary respondents are approached include

1. Key Opinion Leaders
2. Internal and External subject matter experts
3. Professionals and participants from the industry

The primary research respondents typically include

1. Executives working with leading companies in the market under review
2. Product/brand/marketing managers
3. CXO level executives
4. Regional/zonal/country managers
5. Vice President level executives.

B) Secondary Research

Secondary research involves extensive exploring through the secondary sources of information available in both the public domain and paid sources. Each research study is based on over 500 hours of secondary research accompanied by primary research. The information obtained through the secondary sources is validated through the crosscheck on various data sources.

The secondary sources of the data typically include

1. Company reports and publications
2. Government/institutional publications
3. Trade and associations journals
4. Databases such as WTO, OECD, World Bank, and among others.
5. Websites and publications by research agencies

Segment Covered

The global HEA, HPA, HEMA and HPMA market is segmented on the basis of type, purity, and application.

The Global HEA, HPA, HEMA and HPMA Market by Type

• Hydroxyethyl acrylate (HEA)
• Hydroxypropyl acrylate (HPA)
• Hydroxyethyl Methacrylate (HEMA)
• Hydroxypropyl Methacrylate (HPMA)

The Global HEA, HPA, HEMA and HPMA Market by Purity

• Purity 90%-95%
• Purity 95%-98%
• Purity Above 98%

The Global HEA, HPA, HEMA and HPMA Market by Application

• Paints, Inks and Coating
• Architectural Coatings
• Automotive Coatings
• Infrastructural Coatings
• Industrial Coatings
• Construction
• Plastic and Rubber
• Personal Care
• Chemical Intermediates
• Others

Company Profiles

The companies covered in the report include

• 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.
• Jiangsu Changhai Composite Materials Co., Ltd.

What does this Report Deliver?

1. Comprehensive analysis of the global as well as regional markets of the HEA, HPA, HEMA and HPMA market.
2. Complete coverage of all the segments in the HEA, HPA, HEMA and HPMA market to analyze the trends, developments in the global market and forecast of market size up to 2030.
3. Comprehensive analysis of the companies operating in the global HEA, HPA, HEMA and HPMA market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and latest developments of the company.
4. Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.