HEA, HPA, HEMA, & HPMA Market to Reach US$ 924.8 Mn by 2031, Driven by Rising Demand from Adhesives, Coatings, and Polymer Application | Latest Report TMR

The global HEA, HPA, HEMA, & HPMA market was valued at US$ 710.4 Mn in 2022 and is projected to reach US$ 924.8 Mn by the end of 2031, expanding at a compound annual growth rate (CAGR) of 3.0% from 2023 to 2031. Market growth is driven by increasing demand from end-use industries such as paints & coatings, construction, plastics & rubbers, personal care, adhesives, printing inks, and chemical intermediates.

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Market Overview

The HEA, HPA, HEMA, & HPMA market comprises hydroxy-functional acrylate and methacrylate monomers that are widely used in polymer manufacturing. These monomers impart essential properties such as flexibility, adhesion, chemical resistance, water solubility, and UV stability to polymer formulations.

2-Hydroxyethyl methacrylate (HEMA) is extensively used in hydrogels, coatings, adhesives, dental materials, contact lenses, and drug delivery systems due to its excellent polymerization behavior and biocompatibility.

Hydroxypropyl methacrylate (HPMA) offers similar characteristics and is widely utilized in hydrogels and polymer coatings.

2-Hydroxyethyl acrylate (HEA) and hydroxypropyl acrylate (HPA) are commonly employed in coatings, adhesives, and sealants, where they enhance flexibility, adhesion, and chemical resistance.

The rising production of polymers and copolymers using these acrylate monomers is a key factor supporting steady market expansion globally.

Key Market Growth Drivers

Rising Demand from Adhesives and Sealants Industry

The widespread application of adhesives and sealants across industries such as paper & packaging, building & construction, transportation, consumer products, and leather & footwear is a major driver of the HEA, HPA, HEMA, & HPMA market.

Acrylate monomers including HEA, HPA, HEMA, and HPMA are used in emulsion polymerization of pressure-sensitive adhesives, where they significantly enhance tackiness, peel strength, shear strength, adhesion, and durability. Experimental analyses have demonstrated the positive impact of these monomers on adhesive performance.

Growth in construction activities, particularly in emerging markets such as Asia Pacific and Latin America, is further boosting demand for adhesives and sealants. Governments are increasing investments in infrastructure projects including roads, highways, dams, airports, railway stations, and bridges, all of which rely heavily on advanced adhesive solutions.

High Demand for Water-Based Coatings

The paints & coatings industry is undergoing a transition toward low-VOC and environmentally friendly technologies, including water-based and powder coatings. Stringent regulations on volatile organic compound (VOC) emissions in North America and Europe, along with rising awareness in Asia Pacific, are accelerating this shift.

Water-based coatings are preferred due to their lower solvent content, reduced odor, and environmental compliance. Acrylate monomers such as HEA, HPA, HEMA, and HPMA play a critical role in these formulations by improving water resistance, low-temperature flexibility, weathering performance, and sunlight resistance.

According to industry sources, water-based paints account for approximately 80% of household paints sold globally, highlighting strong long-term demand for acrylate monomers used in such formulations.

Market Challenges & Opportunities

The market faces challenges related to feedstock price volatility, regulatory compliance, and environmental concerns associated with chemical manufacturing. However, these challenges are offset by significant opportunities arising from the expanding use of acrylate monomers in advanced polymers, specialty coatings, biomedical applications, and sustainable formulations.

Manufacture of polymer goods such as adhesives, coatings, insulation materials, and specialty plastics using HEA, HPA, HEMA, and HPMA presents lucrative opportunities. Companies are increasingly adopting mergers & acquisitions, partnerships, and collaborations to expand product portfolios and cater to evolving customer requirements.

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Market Segmentation

• Type

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

• Purity

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

• End-use

o Paints & Coatings
 Architectural Coatings
 Automotive Coatings
 Industrial Coatings

o Construction
o Plastics & Rubbers
o Personal Care
o Adhesives
o Printing Inks
o Chemical Intermediates
o Others

Regional Outlook

Asia Pacific is expected to witness significant growth during the forecast period. The region benefits from strong demand for industrial coatings, rapid urbanization, and rising environmental awareness. Countries such as China, India, Japan, and South Korea have well-established paints & coatings, construction, and adhesives industries that rely heavily on acrylate monomers.

North America remains a key market due to stringent VOC regulations and high adoption of water-based coatings and advanced adhesives in construction and automotive industries.

Europe's market growth is supported by strong regulatory frameworks, sustainability initiatives, and high demand for specialty coatings and polymer products.

Latin America & Middle East & Africa These regions are witnessing steady growth, driven by infrastructure development, expanding construction activities, and rising industrialization.

Analysis of Key Players

• The Dow Chemical Company
• BASF SE
• Mitsubishi Chemical Holding Corporation
• 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.
• Chizhou Fangda Science and Technology Co., Ltd.

Expansion of product portfolios and strategic mergers & acquisitions remain key competitive strategies.

Recent Developments

• In May 2019, Advent International Corporation acquired the methacrylates business division of Evonik Industries for US$ 3.5 Bn. The agreement also comprised the division's strong brand 'PLEXIGLAS'.

• Each major player has been profiled in the market report based on company overview, financial performance, product portfolio, business strategies, and recent developments.

Why Buy This Report?

• Comprehensive analysis of market size and growth trends through 2031
• In-depth insights into key growth drivers and challenges
• Detailed segmentation and regional outlook
• Competitive landscape and key player strategies
• Actionable intelligence for manufacturers, investors, and stakeholders

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FAQs

1. What was the market size of the HEA, HPA, HEMA, & HPMA industry in 2022?
The market was valued at US$ 710.4 Mn in 2022.

2. What is the projected market value by 2031?
The market is expected to reach US$ 924.8 Mn by 2031.

3. What is the expected CAGR during the forecast period?
The market is projected to grow at a CAGR of 3.0% from 2023 to 2031.

4. Which type dominates the global market?
2-Hydroxyethyl methacrylate (HEMA) held the largest market share in 2022.

5. Which region is expected to grow the fastest?
Asia Pacific is expected to experience the fastest growth due to expanding industrial and construction activities.

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