Global Hydroxypropyl Acrylate Market: Introduction

Hydroxypropyl acrylate is a colorless liquid with a slight acrylic odor. It is readily miscible with water and a majority of organic solvents. Hydroxypropyl acrylate consists of typically 350 to 650 ppm (parts per million) of the monomethyl ether of hydroquinone. This monomethyl ether of hydroquinone is added as an inhibitor that helps prevent polymerization under recommended storage conditions. Hydroxypropyl acrylate is normally available in purity of 97.0% and more. It may also contain as much as 1% residual acrylic acid and up to 3% of other similar esters of acrylic acid.  Atypical hydroxypropyl acrylate samples contains approximately 75%-80% 2-hydroxypropyl acrylate and 20%-25% of 1-methlyl-2-hydroxyethyl acrylate. Hydroxypropyl acrylate is produced through the reaction between propylene oxide and acrylic acid. In this reaction, two isomers of hydroxypropyl acrylate are formed. In both of these isomers, after a polyacrylate is formed at the double bond, the pendant –OH group is available for further reactions.

Hydroxypropyl acrylate is primarily used to manufacture cross-linkable polymer coatings and adhesives. It is produced and primarily used in closed systems. Its major use is either as a co-monomer in the manufacture of polymers or as a chemical reactant in the manufacture of chemical intermediates.  Hydroxypropyl acrylate is used in the production of pressure sensitive adhesives, ion exchange resins, emulsion polymers, resins for radiation-curable coatings, heat-curable automotive clear coats, etc. Rise in demand for automotives across all regions is driving demand for hydroxypropyl acrylate. However, severe health concerns associated with hydroxypropyl acrylate may hamper its demand. Excessive exposure to hydroxypropyl acrylate may cause severe eye and skin irritation. Injuries related to hydroxypropyl acrylate may be slow to heal. However, direct consumer exposure to hydroxypropyl acrylate is negligible as it is used as co-monomer in polymers.

Hydroxypropyl Acrylate Market: Segmentation

Hydroxypropyl acrylates is available in the liquid form. Based on application, the hydroxypropyl acrylate market can be segmented into architectural coatings, automotive top coatings, photocure resins, adhesives, and others. The automotive top coatings segment is anticipated to dominate the hydroxypropyl acrylate market during the forecast period. Increase in usage of automotives and expansion in the automotive industry in the last few years are boosting demand for hydroxypropyl acrylate market. The architectural coatings segment is anticipated to constitute a major share of the hydroxypropyl acrylate market during the forecast period. Increase in construction activities, especially in Asia Pacific, is anticipated to drive the hydroxypropyl acrylate market in the region in the near future.

Hydroxypropyl Acrylate Market: Regional Outlook

Based on region, the hydroxypropyl acrylate market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific held a key share of the hydroxypropyl acrylate market in 2017. It is likely to continue to dominate the market during the forecast period. Asia is a prominent producer and consumer of automotive vehicles. Expansion in the automotive industry is anticipated to boost demand for hydroxypropyl acrylate market during the forecast period. The hydroxypropyl acrylate market in Asia Pacific is expected expand at a significant rate during the forecast period. The hydroxypropyl acrylate market in North America and Europe is at a mature stage and is anticipated to expand at a moderate pace between 2018 and 2026. The hydroxypropyl acrylate market in other regions such as Latin America and Middle East & Africa is expected to expand at a sluggish rate in the near future.  

Hydroxypropyl Acrylate Market: Key Players

Prominent players operating in the hydroxypropyl acrylate market include DowDuPont Inc., Polysciences, Inc., Hangzhou Hickory Chemical Co., Ltd, and Nippon Shokubai Co., Ltd. 

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Custom Market Research Services

TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.

REQUEST CUSTOMIZATION

Hydroxypropyl Acrylate Market

Pre Book