COVID-19 Pandemic Impact: Demand Shortage Affects Business of Chemical Esters
The COVID-19 (coronavirus) pandemic has slowed down economic activities worldwide. The second wave of the pandemic is surfacing in European countries, especially in France. Thus, a demand shortage has majorly affected business activities in the HEA, HPA, HEMA, & HPMA market. Countries such as the U.S., Russia, Brazil, and India are reporting new COVID-19 cases every day. The high prevalence of unemployment is found to affect the spending capacity of consumers. Since HEA, HPA, HEMA, and HPMA esters are primarily used in the production of paints and coatings, manufacturers are losing out on business, since consumers are spending on essential products pertaining to F&B and cleaning items.
Lockdown restrictions have affected imports and exports of countries. However, companies in the HEA, HPA, HEMA, & HPMA market are placing dynamic teams in organizations to maintain business continuity.
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Demand for Skin-friendly Ingredients Fuels Innovation in Cosmetics
The high prevalence of PCOD (Polycystic Ovarian Disease) and skin-related problems in individuals are driving the HEA, HPA, HEMA, & HPMA market. Manufacturers are increasing their R&D efforts to develop cosmetic products that suit niche requirements of consumers. For instance, Paula’s Choice— a research-based skincare company in the U.S. is using hydroxypropyl acrylate as an emulsifier and texture enhancer in its cosmetic products. Moreover, several best-selling books on skincare and makeup are educating consumers about the use of various ingredients in cosmetic products.
Since personal care and cosmetic products are used in routine practices worldwide, manufacturers in the HEA, HPA, HEMA, & HPMA market are increasing efforts to earn stable business grounds in this industry. The increasing demand for skin-friendly ingredients has fueled growth of the cosmetics and personal care industry. Hydroxypropyl acrylate, along with synthetic polymers such as sodium acryloyl dimethyl taurate is being used as stabilizer and opacifying agent in cosmetic products.
HEMA and HPMA Monomers Gain Prominence in Nail Enhancement Products
The HEA, HPA, HEMA, & HPMA market is estimated to cross US$ 750 Mn by the end of 2030. This is explained since manufacturers are using methacrylate ester monomers to produce nail enhancement products. Artificial nail builders undergo rapid polymerization to form a hard material on the nail, which is shaped later. As such, 2-hydroxyethyl methacrylate (HEMA) monomers are being highly publicized in nail enhancement products compared to hydroxypropyl methacrylate (HPMA), as the former is a stronger sensitizer. Manufacturers in the HEA, HPA, HEMA, & HPMA market are using both HEMA and HPMA, along with other ethacrylate esters to produce artificial nail builders.
Methacrylate esters accelerate the polymerization process and form cross-links. However, there is a lack of information by the regulatory authorities such as the FDA (Food & Drug Association) on whether HEMA and HPMA monomers are fit for production of nail enhancement products.
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Biomedical and Bioengineering Industries Create Business Opportunities for Manufacturers
There is a demand for acrylate-based hydrogels in the delivery of contact lenses, therapeutics, and wound dressings, among other products. However, these hydrogels are found to have poor physical and biological properties in certain applications. Such limitations of 2-hydroxyethyl acrylate (HEA) reflect in the sluggish CAGR of ~3% of the HEA, HPA, HEMA, & HPMA market. Hence, manufacturers are innovating in new acrylic-based hydrogels designed as multicomponent systems such as nanocomposite materials and interpenetrated polymer networks. This strategy is a growing phenomenon in the biomedical and bioengineering industry.
Hydrogels are primarily used in wound care applications. Apart from paints & coatings, manufacturers in the HEA, HPA, HEMA, & HPMA market are tapping incremental opportunities in the healthcare industry, since improved acrylic-based hydrogels are being preferred in the delivery of wound dressings, bone cements, and regenerative medicines.
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