High boiling point and good solvent power of 2-ethylhexyl acetate market size it a popular solvent in the formulation of paints and coatings. Through continuous exploration of its properties, 2-ethylhexyl acetate is finding application in spray coatings and dip-coating technologies. Thus, rising demand for paints & coatings, globally, is anticipated to fuel the demand for 2-ethylhexyl acetate.
Future Market Insights (FMI) has forecast the 2-EthylHexyl acetate market to grow with a year on year growth of 4.5% in 2022 reaching a value of about US$ 228.5 Mn by 2022 end. The global sales is anticipated to witness a considerable CAGR of 4.6% during the period of 2022 and 2029.
Key Takeaways of 2-Ethylhexyl Acetate Market Study
Purity ≥ 99% is observed to be most-preferred grade type in the market, owing to increasing demand for high-quality products and tightening regulatory scenario.
2-ethylhexyl acetate is used as a brightener in leather processing, and as an additive in fragrance formulation. Increasing consumption of cosmetic & personal care products is estimated to drive the demand for 2-ethylhexyl acetate as a performance chemical. However, the slow growth of the leather industry can have a negative impact on the market.
2-ethylhexyl acetate is also used as a solvent in printing and screen inks. The demand for 2-ethylhexyl acetate is expected to rise, owing to increased consumption of printing inks in the packaging industry.
Emerging economies such as India, China, and Mexico are estimated to witness lucrative growth. The positive outlook for the automotive industry and growth of the paints & coatings industry are major factors offering growth opportunities for the 2-ethylhexyl acetate market in these countries.
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“2-ethylhexyl acetate is effectively being used as an alternative to conventional solvents, which have relatively higher levels of volatile organic components (VOCs). Increasing regulations regarding VOC components will propel the demand for 2-ethylhexyl acetate in the foreseeable future.”
2-Ethylhexyl Acetate Market: Competition Analysis
The global 2-ethylhexyl acetate market is significantly consolidated, with only a few leading market participants accounting for a high market share. Adoption of integrated business models for controlling the procurement of raw material and supply chain network is one of the key strategies adopted by leading market players. Continuous product & technological innovation and development of customized solutions are few of the key trends being observed in the market.
Some of the key players identified in the 2-ethylhexyl acetate market are Chemoxy International Ltd., BASF SE, Polynt SpA, and Eastman Chemical Company, among others.
2-EthylHexyl Acetate Market Market By Category
By Purity:
- Purity ≥ 99%
- Purity < 99%
By Application:
- Industrial Solvents
- Performance Chemicals
By End Use Industry:
- Automotive & aerospace
- Paints & Coatings
- Leather Industry
- Cleaners & Paint Stripping System
- Others
By Region :
- North America
- Latin America
- Europe
- Middle East and Africa (MEA)
- East Asia
- South Asia
- Oceania
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Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. FMI Analysis and Recommendation
2. Market Overview
2.1. Taxonomy
2.2. Market Definition
3. Key Market Trends
4. Key Success Factors
5. Global 2-Ethylhexyl Acetate Market Demand Analysis 2014-2021 and Forecast, 2022 – 2029
How will the market shape up?
Rapid industrialization across the globe and growing consumption of paints & coatings for both, decorative and protection purposes, will drive the demand for 2-ethylhxyl acetate as an industrial solvent. Apart from this, 2-ethylhexyl acetate is also estimated to witness rise in demand as an additive in cleaners and fragrance formulation. Shifting trend towards the adoption of water-borne coatings or high-solid coatings might hamper market growth in the foreseeable future.
What does the report offers?
The recent market study published by Future Market Insights offers conclusive analysis on the global 2-ethylhexyl acetate market, and delivers noteworthy insights through organized market research. The report offers in-depth market analysis of historical performance from 2014 to 2018 and opportunity assessment for 2022–2029. The market study provides comprehensive insights on different aspects of the 2-ethylhexyl acetate market based on purity, application, and end use, across the targeted seven regions.
About FMI
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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