The global market for 1,6-hexanediol diacrylate (HDDA) is poised to achieve a valuation of USD 584.1 million by 2024, driven by a focus on cost efficiency and process optimization. This trend is expected to unlock new growth opportunities, with a projected compound annual growth rate (CAGR) of 6.2% from 2024 to 2034, reaching approximately USD 1 billion by 2034.
The integration of digital technologies such as artificial intelligence, data analytics, and automation is revolutionizing the chemical manufacturing landscape. Manufacturers of HDDA leveraging these digital solutions can enhance operational efficiencies, accelerate innovation cycles, and respond more swiftly to market dynamics and customer needs.
The healthcare and medical devices sector is witnessing robust growth, driven by factors including an aging population, technological advancements, and increased healthcare expenditure. HDDA plays a crucial role in producing medical-grade adhesives, sealants, and coatings used in medical devices and surgical equipment, thereby expanding market opportunities.
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There is growing demand for high-performance coatings that safeguard sensitive electronic circuits from environmental elements such as moisture, heat, and corrosion. HDDA-based coatings offer superior adhesion, chemical resistance, and electrical insulation properties, making them ideal for various electronics applications.
Environmental and health considerations are driving industries towards waterborne and solvent-free formulations. Resins based on 1,6-hexanediol diacrylate can be formulated into waterborne coatings, adhesives, and sealants, offering benefits such as low VOC emissions, improved safety profiles, and compliance with stringent regulatory standards.
Light-curable materials, including formulations based on HDDA, are advancing in performance, curing speed, and application versatility. Innovations in photoinitiators, curing equipment, and application techniques are expanding the application scope of light-curable technologies across sectors such as printing, electronics, and medical devices.
In the transportation industry, including automotive, aerospace, and marine sectors, there is a growing emphasis on lightweight materials to enhance fuel efficiency, reduce emissions, and improve overall performance. HDDA-based composites and adhesives provide lightweight solutions while maintaining structural integrity, driving market growth in these sectors.
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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, remarks an FMI analyst.
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.
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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.
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