HEA, HPA, HEMA, & HPMA Market Growth Drivers, Developments, Technology And Future Trends 2030

𝐇𝐄𝐀, 𝐇𝐏𝐀, 𝐇𝐄𝐌𝐀, & 𝐇𝐏𝐌𝐀 𝐌𝐚𝐫𝐤𝐞𝐭: 𝐈𝐧𝐭𝐫𝐨𝐝𝐮𝐜𝐭𝐢𝐨𝐧

In terms of volume, the global HEA, HPA, HEMA, & HPMA market is anticipated to expand at a CAGR of 3% from 2020 to 2030. The rise in usage of water-based coatings in architecture and construction industries across the globe is expected to boost the global HEA, HPA, HEMA, & HPMA market during the forecast period. The paints & coatings industry is shifting toward the use of low VOC and environment-friendly technologies such as water-based coatings and powder coatings. Water-based coatings are also odorless compared to solvent-based coatings. Thus, water-based coatings are preferred over solvent-based coatings. The rise in urbanization in emerging regions such as Asia Pacific and Latin America has led to the expansion of the construction industry. The construction industry is a major consumer of adhesives. The expansion of the construction segment is likely to boost the demand for adhesives in the near future. HEA, HPA, HEMA, and HPMA enhance the properties of different types of adhesives such as anaerobic adhesives, structural adhesives, and pressure sensitive additives. Therefore, rise in usage of HEA, HPA, HEMA, and HPMA in formulation of adhesives is estimated to drive the global HEA, HPA, HEMA, & HPMA market in the near future.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐨𝐟 𝐑𝐞𝐩𝐨𝐫𝐭 -https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=79513

𝐕𝐨𝐥𝐚𝐭𝐢𝐥𝐢𝐭𝐲 𝐢𝐧 𝐏𝐫𝐢𝐜𝐞𝐬 𝐨𝐟 𝐑𝐚𝐰 𝐌𝐚𝐭𝐞𝐫𝐢𝐚𝐥𝐬 𝐭𝐨 𝐇𝐚𝐦𝐩𝐞𝐫 𝐇𝐄𝐀, 𝐇𝐏𝐀, 𝐇𝐄𝐌𝐀, & 𝐇𝐏𝐌𝐀 𝐌𝐚𝐫𝐤𝐞𝐭

The HEA, HPA, HEMA, & HPMA market is anticipated to be hampered by volatility in prices of raw materials and competing uses of raw materials. Raw materials such as crude oil, natural gas, and cellulose are employed in the manufacture of HEA, HPA, HEMA, and HPMA. These products are petrochemical derivatives. Therefore, they are subject to the volatility in prices and supply of crude oil. Acrylic acid serves as the starting point for the production of HEA, HPA, HEMA, and HPMA. The price of acrylic acid has varied significantly across regions since 2007. The price of acrylic acid in Asia Pacific increased in September 2012-2013, due to accidental damage caused at the Nippon Shokubai's Himeji facility in Japan. The fluctuation in supply as well as prices of raw materials is adversely affecting the global HEA, HPA, HEMA, & HPMA market. The rise in cost of energy and fluctuations in prices of raw materials destabilize supply chains. This adversely affects the global HEA, HPA, HEMA, & HPMA market.

𝟐-𝐇𝐲𝐝𝐫𝐨𝐱𝐲𝐞𝐭𝐡𝐲𝐥 𝐌𝐞𝐭𝐡𝐚𝐜𝐫𝐲𝐥𝐚𝐭𝐞 (𝐇𝐄𝐌𝐀) 𝐏𝐫𝐨𝐝𝐮𝐜𝐭 𝐓𝐲𝐩𝐞 𝐃𝐨𝐦𝐢𝐧𝐚𝐭𝐞𝐝 𝐇𝐄𝐀, 𝐇𝐏𝐀, 𝐇𝐄𝐌𝐀, & 𝐇𝐏𝐌𝐀 𝐌𝐚𝐫𝐤𝐞𝐭

Based on product type, the global HEA, HPA, HEMA, & HPMA market has been divided into Hydroxypropyl Acrylate (HPA), 2-Hydroxyethyl Acrylate (HEA), Hydroxypropyl Methacrylate (HPMA), and 2-Hydroxyethyl Methacrylate (HEMA). In terms of value, the HEMA segment dominated the global HEA, HPA, HEMA, & HPMA market in 2019. The segment is anticipated to expand at a CAGR of more than 3.2% during the forecast period.

𝐆𝐞𝐭 𝐀 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐃𝐞𝐭𝐚𝐢𝐥𝐬 -https://www.transparencymarketresearch.com/hea-hpa-hema-hpma-market.html

𝐏𝐚𝐢𝐧𝐭𝐬 & 𝐂𝐨𝐚𝐭𝐢𝐧𝐠𝐬 𝐋𝐞𝐚𝐝 𝐇𝐄𝐀, 𝐇𝐏𝐀, 𝐇𝐄𝐌𝐀, & 𝐇𝐏𝐌𝐀 𝐌𝐚𝐫𝐤𝐞𝐭

Based on end use, the global HEA, HPA, HEMA, & HPMA market has been classified into paints & coatings, construction, plastics & rubbers, personal care, adhesives, printing inks, chemical intermediates, and others. In terms of value, the paints & coatings segment led the global HEA, HPA, HEMA, & HPMA market in 2019. The segment is anticipated to expand at a CAGR of more than 2.8% during the forecast period.

𝐀𝐬𝐢𝐚 𝐏𝐚𝐜𝐢𝐟𝐢𝐜 𝐭𝐨 𝐛𝐞 𝐋𝐮𝐜𝐫𝐚𝐭𝐢𝐯𝐞 𝐑𝐞𝐠𝐢𝐨𝐧 𝐨𝐟 𝐇𝐄𝐀, 𝐇𝐏𝐀, 𝐇𝐄𝐌𝐀, & 𝐇𝐏𝐌𝐀 𝐌𝐚𝐫𝐤𝐞𝐭

Based on region, the global HEA, HPA, HEMA, & HPMA market has been split into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. In terms of volume, Asia Pacific accounted for a significant share of the global HEA, HPA, HEMA, & HPMA market in 2019. The demand for HEA, HPA, HEMA, and HPMA is high in Asia Pacific, particularly in China, owing to the increase in consumption of paints and coatings in the region. Asia Pacific is estimated to be a lucrative region of the global HEA, HPA, HEMA, & HPMA market during the forecast period. China is a leading producer and consumer of HEA, HPA, HEMA, and HPMA in the region. India and China are the two leading economies in Asia Pacific. These countries are anticipated to offer immense opportunities to the HEA, HPA, HEMA, & HPMA market in Asia Pacific in the near future.

The demand for HEA, HPA, HEMA, and HPMA for use in plastics and rubbers is expected to rise significantly in Asia Pacific during the forecast period. This is likely to augment the HEA, HPA, HEMA, & HPMA market in the region during the forecast period.

𝐌𝐚𝐤𝐞 𝐚𝐧 𝐄𝐧𝐪𝐮𝐢𝐫𝐲 𝐛𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠 -https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=79513

𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐨𝐧 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞 𝐨𝐟 𝐇𝐄𝐀, 𝐇𝐏𝐀, 𝐇𝐄𝐌𝐀, & 𝐇𝐏𝐌𝐀 𝐌𝐚𝐫𝐤𝐞𝐭

In May 2019, Advent International Corporation acquired the methacrylates business division of Evonik Industries for US$ 3.5 Bn. The agreement also comprises the division's strong brand 'PLEXIGLAS.' In August 2018, BASF PETRONAS Chemicals announced plans to expand the production capacity of its acrylic acid plant at its Verbund site in Kuantan, Malaysia. The expansion is intended to support the rising demand for acrylic monomers in Asia Pacific. In 2016, Evonik Industries AG launched the following new products: Visiomer C 18-22 MA and Plexiglas Hi-Gloss NTA - 5. Both these products are methacrylates.

The global HEA, HPA, HEMA, & HPMA market was fragmented in 2019. This trend is expected to continue during the forecast period. Leading players have taken initiatives to expand their presence through expansion in manufacturing capacities and strategic partnerships. Key manufacturers operating in the global HEA, HPA, HEMA, & HPMA market are The Dow Chemical Company, BASF SE, Mitsubishi Chemical Holding (MCHC), NIPPON SHOKUBAI CO., LTD., OSAKA ORGANIC CHEMICAL INDUSTRY LTD., Röhm GmbH, Polysciences Inc., Tokyo Chemical Industry Co., Ltd., Changzhou Hickory Chemical Co., Ltd, Monomer-Polymer & Dajac Labs, Heze Chang Sheng Yuan Technology Co., LTD., and Chizhou Fangda Science and Technology Co., Ltd.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐅𝐨𝐫 𝐂𝐮𝐬𝐭𝐨𝐦 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 -https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=79513

𝐆𝐥𝐨𝐛𝐚𝐥 𝐇𝐄𝐀, 𝐇𝐏𝐀, 𝐇𝐄𝐌𝐀, & 𝐇𝐏𝐌𝐀 𝐌𝐚𝐫𝐤𝐞𝐭: 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧

𝐇𝐄𝐀, 𝐇𝐏𝐀, 𝐇𝐄𝐌𝐀, & 𝐇𝐏𝐌𝐀 𝐌𝐚𝐫𝐤𝐞𝐭, 𝐛𝐲 𝐏𝐫𝐨𝐝𝐮𝐜𝐭 𝐓𝐲𝐩𝐞

Hydroxypropyl Acrylate (HPA)
2-Hydroxyethyl Acrylate (HEA)
Hydroxypropyl Methacrylate (HPMA)
2-Hydroxyethyl Methacrylate (HEMA)

𝐇𝐄𝐀, 𝐇𝐏𝐀, 𝐇𝐄𝐌𝐀, & 𝐇𝐏𝐌𝐀 𝐌𝐚𝐫𝐤𝐞𝐭, 𝐛𝐲 𝐏𝐮𝐫𝐢𝐭𝐲

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

𝐀𝐛𝐨𝐮𝐭 𝐔𝐬 𝐓𝐫𝐚𝐧𝐬𝐩𝐚𝐫𝐞𝐧𝐜𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡

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𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬

Nikhil Sawlani
Transparency Market Research Inc.
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