The global 1,6-hexanediol diacrylate market is poised for significant growth, with an anticipated valuation of USD 584.1 million in 2024. This expansion is driven by the industry’s emphasis on cost optimization and process efficiency. As these factors continue to influence market dynamics, the sector is expected to experience a robust growth trajectory, achieving a projected compound annual growth rate (CAGR) of 6.2% from 2024 to 2034. By the end of this period, the market is forecasted to reach approximately USD 1 billion, reflecting the increasing demand and opportunities within this specialized chemical segment.
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.
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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 an Analyst 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.
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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)).
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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