Hydroxypropyl Acrylate Market to Witness Exponential Growth by 2026

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.

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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.

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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..

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