Diethyleneglycol Diacrylate Market by Form (Liquid Form, Solid/Formulated Form), Grade (High Purity & Ultra High Purity Grade, Technical Grade), Application, Industry Verticals, Distribution - Global Forecast 2024-2030

Diethyleneglycol Diacrylate Market by Form (Liquid Form, Solid/Formulated Form), Grade (High Purity & Ultra High Purity Grade, Technical Grade), Application, Industry Verticals, Distribution - Global Forecast 2024-2030

The Diethyleneglycol Diacrylate Market size was estimated at USD 1.06 billion in 2023 and expected to reach USD 1.13 billion in 2024, at a CAGR 6.50% to reach USD 1.65 billion by 2030.

Diethyleneglycol diacrylate (DEGDA) serves as a hydrophilic crosslinking monomer, characterized by its appearance as a clear, colorless liquid, and is distinguished by a mild, musty odor. Diethyleneglycol diacrylate (DEGDA) is a chemical compound primarily used as a reactive diluent in ultraviolet and electron beam curable coatings, inks, and adhesives. This substance is acknowledged for enhancing the performance properties of polymer coatings and inks, including improved adhesion, hardness, and heat resistance. The rise in DEGDA usage can be attributed to the expansion of the automotive, construction, and electronics industries, where it is used as a crosslinking monomer. However, the concern related to its toxicity and potential health hazards, including skin irritation and more severe effects if ingested or inhaled in significant quantities, pose significant challenges for market growth. Despite these challenges, ongoing research into developing sustainable materials and the incorporation of advanced production technologies provides a pathway for innovation in this field.

Regional Insights

In the Americas, the market for diethyleneglycol diacrylate has been showing modest growth. This is primarily driven by the demand from industries such as coatings, adhesives, and textiles, which utilize this chemical for its effective binding properties. The growth is further supported by advancements in industrial applications and innovation in product usage. Moreover, the stringent environmental regulations in European countries have led to a cautious approach towards chemical use, influencing manufacturers to adopt safer and more sustainable practices. While this affects the growth rate, it also opens opportunities for products that can meet these regulatory requirements. In the European Union, stringent regulations such as REACH drive the market, pushing producers towards greener, environmentally sustainable products in line with consumer expectations. This trend influences product development and marketing across industries to minimize environmental impacts. In the Middle East and Africa, growth is fueled by an expanding industrial sector in countries including the UAE, Saudi Arabia, and South Africa. Here, the focus is on cost-effective and efficient products, with increasing investments aimed at bolstering local manufacturing to reduce reliance on imports in key sectors such as construction and automotive. In the Asia-Pacific region, significant growth has been observed in the diethyleneglycol diacrylate market. This is largely because of the rapid industrialization in China and India, coupled with an increase in manufacturing activities across sectors, including automotive and electronics. The increasing middle-class population and rising disposable incomes in this region also contribute to higher consumption rates of products that incorporate diethyleneglycol diacrylate.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Diethyleneglycol Diacrylate Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers

Increasing demand in the adhesives and sealants industry
Expanding application in high-performance coatings

Market Restraints

Raw material scarcity hampering production consistency

Market Opportunities

Advancements in production technologies
Collaborative research and development initiatives for sustainable materials

Market Challenges

Stringent compliance with environmental safety standards

Market Segmentation Analysis

Form: Growing adoption of liquid DEGDA for more precise viscosity control in mixtures
Industry Verticals: Expanding applications of DEGDA in the formulation of biocompatible medical adhesives and coatings

Market Disruption Analysis

Porter’s Five Forces Analysis
Value Chain & Critical Path Analysis
Pricing Analysis
Technology Analysis
Patent Analysis
Trade Analysis
Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Diethyleneglycol Diacrylate Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Diethyleneglycol Diacrylate Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

Nippon Shokubai Advances Sustainable Manufacturing with ISCC PLUS Certification

Nippon Shokubai Co., Ltd. has enhanced its sustainability profile by acquiring ISCC PLUS certification for 19 of its products, including Diethylene Glycol, superabsorbent polymers (SAP), and ethylene oxide produced at its Himeji and Kawasaki plants. This certification marks a significant step in the company's commitment to environmental stewardship, enabling the production and marketing of products using biomass-derived materials, as per the mass balance method. This method ensures that a calculated amount of biomass material is credited against the product output, promoting the use of renewable resources in manufacturing processes.

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Diethyleneglycol Diacrylate Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Diethyleneglycol Diacrylate Market, highlighting leading vendors and their innovative profiles. These include Avantor, Inc., Biosynth Ltd., BLD Pharmatech Ltd., HUPC Chemical Co., Ltd., Longchang chemical Co., Ltd., Merck KGaA, Polysciences, Inc., Procurenet Limited, Santa Cruz Biotechnology, Inc., Shanghai Acmec Biochemical Co., Ltd., SIELC Technologies, Thermo Fisher Scientific Inc., and Tokyo Chemical Industry Co., Ltd..

Market Segmentation & Coverage

This research report categorizes the Diethyleneglycol Diacrylate Market to forecast the revenues and analyze trends in each of the following sub-markets:

Form
Liquid Form
Solid/Formulated Form
Grade
High Purity & Ultra High Purity Grade
Technical Grade
Application
Adhesives & Sealants
Coatings
Composites
Medical & Biomedical
Plastics & Polymer
Printing Inks
Industry Verticals
Automotive
Construction
Electronics
Healthcare
Distribution
Direct Sales
Distributors
Online
Region
Americas
Argentina
Brazil
Canada
Mexico
United States
California
Florida
Illinois
New York
Ohio
Pennsylvania
Texas
Asia-Pacific
Australia
China
India
Indonesia
Japan
Malaysia
Philippines
Singapore
South Korea
Taiwan
Thailand
Vietnam
Europe, Middle East & Africa
Denmark
Egypt
Finland
France
Germany
Israel
Italy
Netherlands
Nigeria
Norway
Poland
Qatar
Russia
Saudi Arabia
South Africa
Spain
Sweden
Switzerland
Turkey
United Arab Emirates
United Kingdom

Please Note: PDF & Excel + Online Access - 1 Year