Global 2-Ethylhexyl Thioglycolate (HEMA) Market Size By Application (Plastic Stabilizer, Pesticide, Medicine), By Geographic Scope And Forecast
Published Date: July - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format
Global 2-Ethylhexyl Thioglycolate (HEMA) Market Size By Application (Plastic Stabilizer, Pesticide, Medicine), By Geographic Scope And Forecast
2-Ethylhexyl Thioglycolate (HEMA) Market Size And Forecast
2-Ethylhexyl Thioglycolate (HEMA) Market size was valued at USD 268.23 Million in 2022 and is projected to reach USD 442.63 Million by 2030, growing at a CAGR of 6.54% from 2024 to 2030.
Increasing applications in manufacturing & production, adhesives & coatings, cosmetics & personal care, and dental industry are driving the market growth. The Global 2-Ethylhexyl Thioglycolate (HEMA) Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
Global 2-Ethylhexyl Thioglycolate (HEMA) Market Definition
The chemical compound 2-Ethylhexyl Thioglycolate (HEMA), also known by its chemical formula C8H18O2S, is a member of the thioglycolates class of substances. Esters or salts of thioglycolic acid, which has both a carboxylic acid group (-COOH) and a thiol group (-SH), are known as thioglycolates. Because of their distinct chemical characteristics, these substances are used in many different sectors.
2-Ethylhexyl Thioglycolate, often known as HEMA (acronym for Hydroxyethyl Methacrylate), is an important chemical molecule having several uses in a wide range of industries. This molecule is an essential component in the manufacture of polymers and materials used in industries such as healthcare, cosmetics, adhesives, and coatings. The chemical structure of HEMA combines a methacrylic moiety with a hydroxyethyl group, endowing it with varied qualities that are used in a variety of commercial goods.
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Global 2-Ethylhexyl Thioglycolate (HEMA) Market Overview
The market for 2-Ethylhexyl Thioglycolate has risen substantially throughout the years because of its numerous applications and continued demand from a range of industries. 2-Ethylhexyl Thioglycolate is widely utilized in the healthcare and cosmetic sectors because to its biocompatibility and formulation versatility. Demand for 2-Ethylhexyl Thioglycolate is expected to remain high as these industries expand and prioritize advanced materials.
However, it is important to note that variables such as legislative changes, technology improvements, and environmental considerations can all have an impact on market growth. Due to health or environmental concerns, regulatory organisations may put limits on particular applications of 2-Ethylhexyl Thioglycolate, influencing market dynamics. Furthermore, continuous research and development activities may lead to the identification of alternative chemicals or techniques that may effect the dominance of 2-Ethylhexyl Thioglycolate in certain applications.
2-Ethylhexyl Thioglycolate is a chemical compound with limited applicability in insecticides. It is mostly employed in pesticide formulations as a stabiliser or emulsifier. Pesticide formulations sometimes involve the combination of several active components with additional compounds to improve their efficacy, stability, and ease of application. Because of its potential to help in the development of stable emulsions, 2-Ethylhexyl Thioglycolate is used as a functional component in some pesticide formulations.
Global 2-Ethylhexyl Thioglycolate (HEMA) MarketSegmentation Analysis
The Global 2-Ethylhexyl Thioglycolate (HEMA) Market is segmented on the basis of Application, and Geography.
2-Ethylhexyl Thioglycolate (HEMA) Market, By Application
Plastic Stabilizer
Pesticide
Medicine
Others
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Plastic Stabilizer accounted for the largest market share of 36.22% in 2022, with a market value of USD 97.14 Million, and is projected to grow at a CAGR of 7.25% during the forecast period. Pesticide was the second-largest market in 2022, valued at USD 56.19 Million in 2022; it is projected to grow at a CAGR of 6.45%.
2-Ethylhexyl Thioglycolate (HEMA) Market, By Geography
Asia-Pacific
North America
Europe
Latin America
Middle East and Africa
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On the basis of regional analysis, the Global 2-Ethylhexyl Thioglycolate (HEMA) market is classified into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific accounted for the largest market share of 37.29% in 2021, with a market value of USD 34,527.69 Million, and is projected to grow at a CAGR of 5.68% during the forecast period. North America was the second-largest market in 2021, valued at USD 27,857.76 Million in 2021; it is projected to grow at a CAGR of 5.30%.
Key Players
The Global 2-Ethylhexyl Thioglycolate (HEMA) Market is highly fragmented with a large number of players in the market. Some of the major companies include Arkema, Sanmenxia Aoke Chemical Industry Co., Ltd, WEIFANG YI HUA CHEMICAL CO., LTD, Hubei Benxing New Material Co., Ltd, Zibo Bainaisi Chemical Co. Ltd, Bruno Bock (Evans Chemetics LP), Shandong Dni Trading Co., Ltd, Toronto Research Chemicals, Tokyo Chemical Industry Co., Ltd. (TCI), Haihang Industry, and others.Â
Report Scope
REPORT ATTRIBUTES
DETAILS
STUDY PERIOD
2019-2030
BASE YEAR
2022
FORECAST PERIOD
2024-2030
HISTORICAL PERIOD
2019-2021
UNIT
Value (USD Million)
KEY COMPANIES PROFILED
Arkema, Sanmenxia Aoke Chemical Industry Co., Ltd, WEIFANG YI HUA CHEMICAL CO., LTD, Hubei Benxing New Material Co., Ltd, Zibo Bainaisi Chemical Co., Ltd, & Others
SEGMENTS COVERED
Application, and Geography.
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