Global 1 6 Hexanediol Diacrylate Market Overview
The 1 6 Hexanediol Diacrylate Market Size was estimated at 5.24 (USD Billion) in 2022. The 1 6 Hexanediol Diacrylate Industry is expected to grow from 5.35(USD Billion) in 2023 to 6.417 (USD Billion) by 2032. The 1 6 Hexanediol Diacrylate Market CAGR (growth rate) is expected to be around 2.05% during the forecast period (2024 - 2032).
Key 1 6 Hexanediol Diacrylate Market Trends Highlighted
The increasing demand for advanced materials in several industries, such as electronics, automotive, and medical, is driving the growth of the 1,6-Hexanediol Diacrylate (1,6-HDDA) market. 1,6-HDDA is a versatile monomer used as a reactive diluent in UV-curable coatings and adhesives, as well as a crosslinking agent in composites and plastics. The rising adoption of UV-curable materials for their superior performance reduced energy consumption, and faster curing times is creating significant opportunities for the 1.6-HDDA market. Additionally, its low volatility and toxicity make it an attractive option for various applications. The market is also witnessing a shift towards eco-friendly and sustainable materials, with 1,6-HDDA gaining traction as a bio-based and renewable monomer. Other notable trends include the development of high-purity grades for use in critical applications and the exploration of novel formulations for improved performance and versatility.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
1 6 Hexanediol Diacrylate Market Drivers
Rising Demand for UV-Curable Coatings and Adhesives
The main driver of the 1 6 Hexanediol Diacrylate Market Industry is the increased adoption of UV-curable coatings and adhesives in various industries such as electronics, automotive, and construction. Such materials offer numerous advantages, such as fast curing, high durability, and superior adhesion, making them ideal for different applications. The growth of the market is facilitated by the use of UV-curable coatings in the production of printed circuit boards and electronic components and the need to replace conventional solvent- and water-based coatings.The use of such adhesives in the automotive industry for bonding and sealing applications also contributes to the continued expansion of the market. Gurkan, Nichols et al., and Schreifels et al. note that the advantages of UV-curable coatings and adhesives, such as low VOC, energy efficiency, and curing at room temperature, attract both manufacturers and end-users. Consequently, such materials are an environmentally friendly and cost-effective option for a variety of applications, and increased adoption contributes to the ongoing growth of the market.
Advancements in UV-Curing Technology
Technological advancements in UV-curing systems and equipment are another key driver of the 1 6 Hexanediol Diacrylate Market Industry. The development of high-intensity UV lamps, efficient reflectors, and innovative curing chambers has significantly improved the curing process, leading to increased productivity and reduced cycle times. These advancements have enabled manufacturers to produce high-quality UV-cured products with enhanced properties.The availability of portable and handheld UV curing systems has also expanded the applications of UV-curable materials, making them accessible for various industries and applications. The advancements in UV-curing technology are expected to continue driving market growth as they enable the production of high-performance UV-cured products with improved efficiency and cost-effectiveness.
Growing Environmental Concerns and Regulations
The concerns about environmental issues and the government’s strict regulations concerning the level of VOC emissions contribute to the growing demand for the use of eco-friendly materials across various industries. As a low-VOC monomer, 1 6 Hexanediol Diacrylate also becomes the appropriate option for many manufacturers in terms of environmentally friendly materials. Moreover, the use of 1 6 Hexanediol Diacrylate will be promoted by the constantly growing demand for sustainable products among consumers.In such a way, the increased focus on VOC-reducing programs and sustainable manufacturing on the part of governments contributes to the wider use of low-VOC monomers. The companies will choose 1 6 Hexanediol Diacrylate to comply with the requirements of such governments and demonstrate the eco-friendly nature of their manufacturing process in order to promote a positive brand image.
1 6 Hexanediol Diacrylate Market Segment Insights:
1 6 Hexanediol Diacrylate Market Application Insights
The 1 6 Hexanediol Diacrylate Market is divided by application into Coatings and Adhesives, Electronics, Medical Devices, Packaging, and Other Industrial Applications. Statistics show, that in 2023 the Coatings and Adhesives segment will be the biggest holder of market share. It is caused by the fact of rising demand for 1,6-hexanediol diacrylate in manufacturing UV-curable coatings and adhesives. The Electronics segment will also grow significantly. The market will be driven by the increasing demand for electronic gadgets around the globe, and the growing production of printed circuit boards and electronic components.The Medical Devices segment will also grow significantly, pressured by the increasing demand for medical devices around the world in the nearest years, and the ongoing development of various types of implants and other types of devices by medtech companies. The Packaging segment will grow moderately, caused by the rising demand for 1 6 hexanediol diacrylate in the manufacture of packaging materials. The Other Industrial Applications segment will grow at a moderate pace, pressured by the use of 1,6-hexanediol diacrylate in a variety of industrial applications, such as the production of plastics, textiles, and rubber.So overall, the 1 6 Hexanediol Diacrylate Market will grow at a CAGR from 2023 to 2032 and reach the value of $6.417 billion (value) by the end of the period in 2032.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
1 6 Hexanediol Diacrylate Market End-Use Industry Insights
The end-use industry segment is considered to be one of the key components affecting the dynamics of the 1,6 Hexanediol Diacrylate Market. Plenty of industries are associated with the use of 1,6 Hexanediol Diacrylate, and, therefore, the market is rather diverse. One of the major segments is the automotive industry, which integrates various coatings, adhesives, and sealants used for different purposes. Besides, the growing demand for lightweight and durable parts and components is likely to result in the segment’s stable development. The construction segment is another key end-use industry using 1,6 Hexanediol Diacrylate for producing numerous flooring, roofing, and other materials.As the industry continues to develop and expand, the demand may also grow. To list other prominent end-use industries, one should name consumer goods, electronics, and healthcare. For instance, some 1,6 Hexanediol Diacrylate is used to produce different toys and household appliances, and the segment is also expected to grow. The same may be observed in the electronics industry when this substance is used for electronic components and printed circuit boards. Finally, the healthcare industry introduces new applications in medical devices or pharmaceuticals.The fact is that the end-use industry segment is able to provide a bigger picture, and, in general, all industries are likely to contribute to the development and further evolution of the 1,6 Hexanediol Diacrylate Market.
1 6 Hexanediol Diacrylate Market Viscosity Insights
The 1 6 Hexanediol Diacrylate Market is segmented based on Viscosity into Low Viscosity (0-10 cPs), Medium Viscosity (10-100 cPs), High Viscosity (100-1000 cPs), and Very High Viscosity (1000 cPs and above). Among these, the Medium Viscosity segment is expected to hold the largest market share during the forecast period. This is due to the increasing demand for medium-viscosity 1,6-hexanediol diacrylate in the production of UV-curable coatings and adhesives. The segment is expected to witness significant growth in the coming years, owing to the increasing use of UV-curable materials in various industries such as automotive, electronics, and packaging.The demand for medium viscosity 1,6-hexanediol diacrylate is also expected to increase in the Asia-Pacific region, driven by the growing demand for UV-curable materials in the region.
1 6 Hexanediol Diacrylate Market Purity Insights
The purity segment plays a crucial role in the 1 6 Hexanediol Diacrylate Market segmentation. Purity refers to the concentration of 1 6 Hexanediol Diacrylate in a given sample. The market exhibits a diverse range of purity levels, including 98%, 99%, 99.5%, and 99.9%. Higher purity grades typically command a premium due to their enhanced performance and suitability for specialized applications. The 1 6 Hexanediol Diacrylate Market revenue for 98% purity is projected to reach USD 1.8 billion by 2024, while the revenue for 99% purity is estimated to be around USD 2.2 billion.The 99.5% and 99.9% purity grades are expected to witness significant growth, driven by increasing demand from the electronics and medical industries. As a result, the 1 6 Hexanediol Diacrylate Market data suggests that manufacturers are focusing on expanding their production capabilities to cater to the growing demand for higher purity grades.
1 6 Hexanediol Diacrylate Market Regional Insights
Regionally, North America held the largest market share in 2023, accounting for 35.2%. The Asia Pacific region is expected to be the fastest-growing regional market, with a CAGR of 2.55% over the forecast period. The growth in the APAC region is primarily attributed to the increasing demand for 1,6-hexanediol diacrylate in the electronics and automotive industries. Europe held the second-largest market share in 2023, accounting for 28.1%. The growth in the European market is attributed to the growing demand for 1,6-hexanediol diacrylate in the construction industry.South America and MEA are expected to witness moderate growth over the forecast period.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
1 6 Hexanediol Diacrylate Market Key Players And Competitive Insights:
Major players in 1 6 Hexanediol Diacrylate Market industry are continuously engaged in research and development activities to strengthen their product portfolio and meet the evolving needs of customers. They are also focusing on expanding their geographical presence and establishing strategic partnerships to enhance their market reach and competitive advantage. Leading 1 6 Hexanediol Diacrylate Market players are actively involved in mergers and acquisitions, collaborations, and joint ventures to strengthen their position and drive growth. The increasing adoption of 1 6 Hexanediol Diacrylate Market products in various end-use industries, such as electronics, automotive, and construction, is expected to drive market development.DIC Corporation is a prominent player in the 1 6 Hexanediol Diacrylate Market. The company offers a range of 1 6 Hexanediol Diacrylate Market products under the "HDDA" brand. DIC Corporation has a strong presence and is known for its innovative and high-quality products. The company is committed to providing customized solutions to meet the specific requirements of its customers. DIC Corporation is continuously expanding its product portfolio and investing in research and development to stay ahead in the competitive 1 6 Hexanediol Diacrylate Market.Sartomer is another leading player in the 1 6 Hexanediol Diacrylate Market. The company offers a wide range of 1 6 Hexanediol Diacrylate Market products under the "SR" brand. Sartomer is known for its advanced technologies and commitment to innovation. The company has a strong presence and a dedicated team of experts to provide technical support and customer service. Sartomer is continuously investing in research and development to enhance its product offerings and meet the evolving needs of its customers.
Key Companies in the 1 6 Hexanediol Diacrylate Market Include:
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Zhejiang Satellite Petrochemical
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Wuxi Zhongheng Chemical
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Jiangsu Rihua Fine Chemical
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Showa Denko
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Yinyong Chemicals
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DIC Corporation
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Shandong Huangtai Jinyue Chemical
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Sumitomo Chemical
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Shanghai
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Haihang Chemistry
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Mitsubishi Chemical
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Nagase Specialty Materials
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Kuraray Co., Ltd.
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Nisshin Chemical
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Shenyang Zhongyi Chemical
1 6 Hexanediol Diacrylate Market Industry Developments
The 1.6-hexanediol diacrylate market is projected to reach USD 6.417 billion by 2032, exhibiting a CAGR of 2.05% during the forecast period. Increasing demand for UV-curable coatings and adhesives in various end-use industries, such as electronics, automotive, and construction, is driving market growth.Recent developments include:June 2023: Evonik Industries expanded its production capacity for 1,6-hexanediol diacrylate in response to rising demand from the electronics industry.March 2023: BASF launched a new grade of 1,6-hexanediol diacrylate specifically designed for use in high-performance adhesives.These developments indicate the growing importance of 1,6-hexanediol diacrylate in various industries and the ongoing efforts of key players to meet market demand.
1 6 Hexanediol Diacrylate Market Segmentation Insights
1 6 Hexanediol Diacrylate Market Application Outlook
1 6 Hexanediol Diacrylate Market End-Use Industry Outlook
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Automotive
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Construction
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Consumer Goods
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Electronics
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Healthcare
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Other End-Use Industries
1 6 Hexanediol Diacrylate Market Viscosity Outlook
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Low Viscosity (0-10 cPs)
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Medium Viscosity (10-100 cPs)
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High Viscosity (100-1000 cPs)
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Very High Viscosity (1000 cPs and above)
1 6 Hexanediol Diacrylate Market Purity Outlook
1 6 Hexanediol Diacrylate Market Regional Outlook
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North America
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Europe
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South America
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Asia Pacific
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Middle East and Africa
| Report Attribute/Metric |
Details |
| Market Size 2022 |
5.24(USD Billion) |
| Market Size 2023 |
5.35(USD Billion) |
| Market Size 2032 |
6.417(USD Billion) |
| Compound Annual Growth Rate (CAGR) |
2.05% (2024 - 2032) |
| Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year |
2023 |
| Market Forecast Period |
2024 - 2032 |
| Historical Data |
2019 - 2023 |
| Market Forecast Units |
USD Billion |
| Key Companies Profiled |
Zhejiang Satellite Petrochemical, Wuxi Zhongheng Chemical, Jiangsu Rihua Fine Chemical, Showa Denko, Yinyong Chemicals, DIC Corporation, Shandong Huangtai Jinyue Chemical, Sumitomo Chemical, Shanghai, Haihang Chemistry, Mitsubishi Chemical, Nagase Specialty Materials, Kuraray Co., Ltd., Nisshin Chemical, Shenyang Zhongyi Chemical |
| Segments Covered |
Application, End-Use Industry, Viscosity, Purity, Regional |
| Key Market Opportunities |
Increasing demand in UV curable coatings, growing electronics industry, rising usage in adhesives, expanding application in 3D printing, and surging adoption in biomedical applications |
| Key Market Dynamics |
Growing demand from UV curable coatings Increasing use in electronic applications Rising demand from the automotive industry |
| Countries Covered |
North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The 1 6 Hexanediol Diacrylate Market is projected to reach USD 6.417 billion by 2032, exhibiting a CAGR of 2.05% during the forecast period of 2024-2032.
The Asia-Pacific region is expected to dominate the 1 6 Hexanediol Diacrylate market, owing to the increasing demand from the end-use industries in the region, particularly in China and India.
1 6 Hexanediol Diacrylate is primarily used in the production of UV-curable coatings, adhesives, and inks. It is also used in the manufacturing of electronic components, optical fibers, and medical devices.
Some of the key competitors in the 1 6 Hexanediol Diacrylate Market include BASF, Evonik Industries, Arkema, Mitsubishi Chemical Corporation, and DIC Corporation.
The major growth drivers for the 1 6 Hexanediol Diacrylate Market include the increasing demand from the electronics and automotive industries, the growing adoption of UV-curable technologies, and the rising environmental regulations.
The key challenges faced by the 1 6 Hexanediol Diacrylate Market include the fluctuating prices of raw materials, the intense competition from alternative products, and the stringent environmental regulations.
The 1 6 Hexanediol Diacrylate Market is expected to exhibit a CAGR of 2.05% during the forecast period of 2024-2032.
In the electronics industry, 1 6 Hexanediol Diacrylate is primarily used in the production of printed circuit boards, electronic components, and optoelectronic devices.
In the automotive industry, 1 6 Hexanediol Diacrylate is primarily used in the production of UV-curable coatings for automotive parts, such as bumpers, dashboards, and interior trim
The 1 6 Hexanediol Diacrylate Market is subject to various environmental regulations, such as the REACH Regulation in Europe and the Toxic Substances Control Act (TSCA) in the United States. These regulations aim to control the manufacture, use, and disposal of chemicals to protect human health and the environment
