The 1,6-hexanediol diacrylate market is driven by its role
in cost-effective and efficient manufacturing processes.
Digitalization is improving operational efficiency and innovation
within the industry. The market is expected to see
significant growth in Asia,
particularly China (7.9% CAGR) and
India (7.5% CAGR), due to its use
in various applications like medical devices, electronics, and
transportation. Growing demand for eco-friendly solutions is
also pushing the development of waterborne
formulations.
NEWARK, Del., May 16, 2024 /PRNewswire/ -- The global
1,6-hexanediol diacrylate market will reach a valuation of
USD 584.1 million in 2024,
attributed to the factors such as focus on cost optimization and
process efficiency. The trend is set to create new opportunities
for the market, leading to a projected CAGR of 6.2% between
2024 and 2034, and reaching a total valuation of approximately
USD 1 billion by 2034.
Download the Sample PDF report to explore key market
insights and trends:
https://www.futuremarketinsights.com/reports/sample/rep-gb-19622
The integration of digital technologies such as artificial
intelligence, data analytics, and automation is transforming
various aspects of the chemical manufacturing process, from raw
material sourcing to product development and distribution. HDDA
manufacturers leveraging digital solutions can enhance operational
efficiency, accelerate innovation cycles, and respond more
effectively to market dynamics and customer demands.
The healthcare and medical devices industry is experiencing
significant growth due to factors such as an aging population,
technological advancements, and increased healthcare spending.
1,6-hexanediol diacrylate is utilized in the manufacturing of
medical grade adhesives, sealants, and coatings used in medical
devices, surgical equipment, and healthcare facilities, presenting
opportunities for market expansion.
There is a rising demand for high-performance coatings to
protect sensitive electronic circuits from environmental factors
such as moisture, heat, and corrosion, with the proliferation of
electronic devices and advancements in electronic components. HDDA
based coatings offer excellent adhesion, chemical resistance, and
electrical insulation properties, making them well suited for
electronics applications.
There is a growing preference for waterborne and solvent-free
formulations across various industries due to environmental and
health considerations. 1,6-hexanediol diacrylate based resins can
be formulated into waterborne coatings, adhesives, and sealants,
offering low VOC emissions, improved safety profiles, and
compliance with stringent regulatory standards.
Light curable materials, including HDDA based formulations, are
witnessing advancements in performance, curing speed, and
application versatility. The development of novel photoinitiators,
curing equipment, and application techniques is expanding the scope
of light curable technologies across industries such as printing,
electronics, and medical devices.
The transportation industry, including automotive, aerospace,
and marine sectors, is increasingly focused on lightweight
materials to improve fuel efficiency, reduce emissions, and enhance
performance. 1,6-hexanediol diacrylate based composites and
adhesives offer lightweighting solutions while maintaining
structural integrity, presenting opportunities for market growth in
the sectors.
Key Takeaways from the Market Study
- Global 1,6-hexanediol diacrylate market was valued at USD
550 million in 2023.
- From 2019 to 2023, the market demand expanded at a CAGR of
4.7%.
- The market in China to expand
at a CAGR of 7.9% through 2034.
- By grade, the monomer segment to account for a share of 22.5%
in 2024.
- The market in India will
expand at a CAGR of 7.5% through 2034.
- In terms of application, the coating segment to account for a
share of 18.4% in 2024.
1,6-hexanediol diacrylate based formulations can be
engineered to exhibit specific functionalities, making them
suitable for applications requiring advanced material properties
and performance characteristics, says Nikhil Kaitwade
(Associate Vice President at Future Market Insights, Inc.)
Competitive Landscape
Prominent players in the 1,6-hexanediol diacrylate market are
Tetrahedron Scientific Inc., Biosynth, Chemotechnique, Shin
Nakamura Chemical, Kowa, and Arkema, among others.
Company Portfolio
Chemotechnique, specializing in chemical solutions for various
industries offers 1,6-hexanediol diacrylate as part of its
portfolio of reactive chemicals and intermediates. The offerings
target applications in adhesives, coatings, and polymer
manufacturing.
Shin Nakamura Chemical includes 1,6-hexanediol diacrylate in its
lineup of specialty monomers and acrylate derivatives. The company
industries such as electronics, coatings, and specialty
chemicals.
Purchase now and gain full access to
the 1,6-Hexanediol Diacrylate Industry research report, featuring
comprehensive Market Forecast, Company Share Analysis, Competition
Intelligence, DROT Analysis, Market Dynamics and Challenges, and
Strategic Growth Initiatives.
More Valuable Insights Available
Future Market Insights offers an unbiased analysis of the global
1,6-hexanediol diacrylate market, providing historical data for
2019 to 2023 and forecast statistics from 2024 to 2034.
To understand opportunities in the 1,6-hexanediol diacrylate
market, the market is segmented on the basis of grade (monomer,
acrylates, and di functional), application (adhesives, coatings,
castings, UV cured inks, and others), across seven major regions
(North America, Latin America, Western Europe, Eastern Europe, South Asia & Pacific, East Asia, and Middle East & Africa (MEA)).
The chemicals and materials team at Future Market Insights
offers expert analysis, time efficient research, and strategic
recommendations with the objective to provide authentic insights
and accurate results to help clients worldwide. With a repertoire
of over 100+ reports and 1 Million+ data points, the team has been
analyzing the market lucidly in 50+ countries for over a decade.
The team provides a brief analysis on key trends including
competitive landscape, profit margin, and research development
efforts.
About The Author:
Nikhil Kaitwade (Associate Vice President at Future Market
Insights, Inc.) has over a decade of experience in market research
and business consulting. He has successfully delivered 1500+ client
assignments, predominantly in Automotive, Chemicals, Industrial
Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research
methodology, creating a unique analysis framework, statistical data
models for pricing analysis, competition mapping, and market
feasibility analysis. His expertise also extends wide and beyond
analysis, advising clients on identifying growth potential in
established and niche market segments, investment/divestment
decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in
Mechanical Engineering. Nikhil has authored several publications
and quoted in journals like EMS Now, EPR Magazine, and EE
Times.
Explore FMI's Extensive Coverage in the Chemicals
Domain:
- Monochlorobenzene Market by p-Dichlorobenzene,
o-Dichlorobenzene, m-Dichlorobenzene, Tetrachlorobenzenes,
Nitrocholorobenzene, Trichlorobenzenes, Hexachlorobenzene, Others,
Forecast, 2023-2033. – Review and Request to Access the Sample
Report.
- 1,4-Dicyclohexylbenzene Market Covering Sales Outlook,
Up-to-date Key Trends, Market Size and Forecast, 2016-2031. –
Review and Request to Access the Sample Report.
- 1,4-Diisopropylbenzene Market Covering Sales Outlook,
Up-to-date Key Trends, Market Size and Forecast, 2023-2033. -
Review and Request to Access the Sample Report.
- Automotive Appearance Chemical Market Analysis by
Windshield Washer Fluids and Passenger Cars through 2034. -
Review and Request to Access the Sample Report.
- Ceramic Coating Market Analysis by Oxide Coating and
Carbide Coating through 2034. - Review and Request to Access the
Sample Report.
About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading market intelligence
and consulting service provider, serving clients in over 150
countries. FMI is headquartered in Dubai and has delivery centers in the UK, the
U.S., and India. FMI's latest
market research reports and industry analysis help businesses
navigate challenges and make critical decisions with confidence and
clarity amidst breakneck competition. Our customized and syndicated
market research reports deliver actionable insights that drive
sustainable growth. A team of expert-led analysts at FMI
continuously tracks emerging trends and events in a broad range of
industries to ensure that our clients prepare for the evolving
needs of their consumers.
Contact Us
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware - 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn | Twitter | Blogs | YouTube
Logo:
https://mma.prnewswire.com/media/1197648/3531122/FMI_Logo.jpg
View original
content:https://www.prnewswire.co.uk/news-releases/global-1-6-hexanediol-diacrylate-market-to-reach-1-billion-by-2034-driven-by-efficiency-gains-and-eco-friendly-applications--future-market-insights-inc-302147465.html