The Market Reports

Synopsis

The global market for 2-Hydroxyethyl Methacrylate was estimated to be worth US$ 566 million in 2024 and is forecast to a readjusted size of US$ 708 million by 2031 with a CAGR of 3.3% during the forecast period 2025-2031.

2-Hydroxyethyl Methacrylate (abbreviated as HEMA), is a colorless transparent liquid with the molecular formula of C6H10O3 and CAS number 868-77-9. HEMA is the monomer that is mainly employed to fabricate acrylic resin, acrylic coatings, textile agent, adhesive and the additive of decontaminating and lubricant.

The global 2-Hydroxyethyl Methacrylate industry has a rather high concentration. The major manufacturers are concentrated in United States, Europe, China and Japan, such as Mitsubishi Rayon, Evonik, Dow, Geo and Nippon Shokubai. At present, Mitsubishi Rayon is the world leader, holding 22% production market share.

The global 2-Hydroxyethyl Methacrylate consumption market is led by United States and United States is the largest region consumption market, accounting for about 29% of global consumption of 2-Hydroxyethyl Methacrylate. 2-Hydroxyethyl Methacrylate downstream is wide and recently 2-Hydroxyethyl Methacrylate has acquired increasing significance in various fields of Coatings, Reactive Resins, Adhesives, and others. Globally, the 2-Hydroxyethyl Methacrylate market is mainly driven by growing demand for Coatings and Reactive Resins. Coatings and Reactive Resins accounts for nearly 67% of total downstream consumption of 2-Hydroxyethyl Methacrylate in global. 2-Hydroxyethyl Methacrylate can be mainly divided into 93%≤Purity＜97%, 97%≤Purity＜99% and 99%≤Purity which 97%≤Purity＜99% captures about 49% of 2-Hydroxyethyl Methacrylate market.

Market driving factors

Industry policy support:
Government policy support in the fields of environmental protection, new materials, etc. has provided a good external environment for the development of the 2-hydroxyethyl methacrylate industry. These policies not only promote the research and development and innovation of related technologies, but also promote the formulation and improvement of industry standards, providing a strong guarantee for the healthy development of the industry.

Technological progress and industrial upgrading:
With the advancement of science and technology and the development of the industry, the production technology of 2-hydroxyethyl methacrylate has been continuously optimized, and the product quality and performance have been significantly improved. At the same time, industrial upgrading has also promoted the industry to develop in the direction of high-end and green, further enhancing the market competitiveness of the industry.

This report aims to provide a comprehensive presentation of the global market for 2-Hydroxyethyl Methacrylate, focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of 2-Hydroxyethyl Methacrylate by region & country, by Purity, and by Application.

The 2-Hydroxyethyl Methacrylate market size, estimations, and forecasts are provided in terms of sales volume (MT) and sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding 2-Hydroxyethyl Methacrylate.

Market Segmentation

By Company

• Mitsubishi Chemical
• Dow
• Röhm GmbH
• Geo
• Nippon Shokubai
• MGC
• Sanlian Chem
• Anhui Renxin
• Shandong Xinglu Biological Technology
• Hickory
• Wanhua Chemical
• Fangda Chem
• Hechuang Chem
• Sanmu Group

Segment by Purity

• 93%--97%
• 97%--99%
• Above 99%

Segment by Application

• Coatings
• Reactive Resins
• Adhesives
• Others

Segment by Region

• North America: United States, Canada, and Mexico
• Europe: United Kingdom, Germany, France, Spain, Italy, and Rest of Europe
• Asia Pacific: China, India, Japan, Australia, South Korea, and Rest of Asia Pacific
• Middle East & Africa: Saudi Arabia, South Africa, and Rest of MEA
• Latin America: Brazil, Argentina, and Rest of Latin America

*If you need a regional or country-specific version, or customized segmentation, we can tailor the report to your requirements.