2-Ethylhexyl Acetate Market Value to Exceed US$ 300 Mn in 2029
Preferred for its high boiling point and lower VOC content over traditional solvents such as chlorinated solvents, 2-ethylhexyl acetate has been garnering huge traction across diverse verticals, globally. Being a conventional solvent in the automotive and paints & coatings industries, the chemical is making inroads into the cosmetics & personal care and printing ink industries too. With sustainable norms coming into play, global revenue of the 2-ethylhexyl acetate market will surpass US$ 300 Mn by 2029 end. This FMI study predicts 1.5X sales expansion of 2-ethylhexyl acetate by 2029.
Frequently Asked Questions about Global 2-EthylHexyl Acetate Market
How will be the 2-ethylhexyl acetate market fare in the future?
2-ethylhexyl acetate is estimated to witness rise in demand as an industrial solvent in the paints & coatings industry. It is a preferred alternative to conventional solvents such as chlorinated solvents due to its lesser VOC content. However, the changing regulatory scenario and development of alternative solutions might hamper the growth of the global 2-ethylhexyl acetate market.
Will increasing popularity of waterborne or high-solid coatings affect the future trajectory of the 2-ethylhexyl acetate market?
Yes, the increasing popularity of waterborne and high-solid coatings over solvent-borne coatings, owing to their eco-friendly nature, might hinder market growth. However, sales of solvent-borne coatings will remain significantly influenced by lower price range, which will have a positive impact on the 2-ethylhexyl acetate market.
Which end-use area holds potential growth opportunities for market players?
The paints & coatings industry is estimated to be a prominent end-use application industry for 2-ethylhexyl acetate, owing to the increasing consumption of paints and coatings for both, decorative as well as protection purposes.
What is the degree of competition in the 2-ethylhexyl acetate market?
The 2-ethylhexyl acetate market is significantly consolidated, with prominent market players accounting for high market share. In the current scenario, industry leaders such as BASF SE, Eastman Chemical Company, and Polynt SpA are estimated to account for more than 1/3 of the market share.
Which region will lead the global sales of 2-ethylhexyl acetate?
East Asia, North America, and Europe are estimated to account for more than 65% of the market share. However, regions such as East Asia and South Asia are expected to witness significant growth in the 2-ethylhexyl acetate market, owing to the growing paints & coatings industry.
2-Ethylhexyl Acetate with Purity > 99% Stays in Demand
In line with the growing demand for high-quality products as well as stringent policy framework, 2-ethylhexyl acetate with purity greater than 99% is likely to witness increasing market share through 2029. While the high-purity chemical continues to capture over 3/4 share of total demand, consumption of 2-ethylhexyl acetate with purity less than 99% across various industries will remain steady during the opportune time. Further, the sales of higher purity 2-ethylhexyl acetate are expected to grow 3.5X against its lower purity counterpart.
East Asia to Outperform North America in Global Landscape
Growth potential of the 2-ethylhexyl acetate market remains worthwhile in North America and East Asia, due to the strong presence of chemical manufacturers and suppliers in these regions. While both the regional markets are neck-and-neck with each other in terms of revenue generation, the 2-ethylhexyl acetate market in East Asia will outpace that in North America by 2019 end. This growth trend is primarily attributed to the booming chemicals as well as paints & coatings industries in countries such as China, Japan, and South Korea.
* This data is only a representation. Actual data may vary and will be available in report.
Price Volatility to Shape Future Growth
2-ethylhexyl acetate is produced from the by-products of crude oil refineries. Volatilities in crude oil prices are resulting in fluctuations in the prices of petroleum-based hydrocarbon solvents such as 2-ethylhexyl acetate, thereby adversely affecting the profit margins of manufacturers. Hike in the prices of petrochemical feedstock, thus, is expected to impede the worldwide production of 2-ethylhexyl acetate in the coming years.
High preference for purity > 99%
Sluggish demand for purity < 99%
High application in industrial solvents
Increasing usage in performance chemicals
Surging demand from paints & coatings industry
Demand from automotive & aerospace to grow moderately
How Growth will Unfold
Rise in construction and renovation projects have elevated the demand for paints & coatings for both, protection as well as decorative purposes. This, in turn, is boosting the prominence of the 2-ethylhexyl acetate market in the paints & coatings industry, owing to its high miscibility quotient. Given the immense utilization of 2-ethylhexyl acetate in automotive refinish coatings, the automotive & aerospace sector is also attracting huge investments from chemical manufacturers. Furthermore, the adoption of the organic chemical compounds in both the end-use industries will register revenue of around US$ 200 Mn by 2029 end.
* This data is only a representation. Actual data may vary and will be available in report.Click Here To Know How The Growth Will Unfold
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2-Ethylhexyl Acetate Market Analysis 2019 - 2029
In the latest market study published by Future Market Insights (FMI) on the global 2-ethylhexyl acetate market consists of the global industry analysis of 2014-2018 and opportunity assessment for 2019-2029, and provides in-depth analysis of the most fundamental market dynamics. Through comprehensive analysis of the historical along with recent growth parameters of the 2-ethylhexyl acetate market, the growth projections of the market are obtained with great precision.
2-Ethylhexyl Acetate Market Taxonomy
The global 2-ethylhexyl acetate market is categorized in detail to cover every single aspect of the market and deliver complete market intelligence to the reader.
- Purity ≥ 99%
- Purity < 99%
- Industrial Solvents
- Performance Chemicals
- Automotive & Aerospace
- Paints & Coatings
- Leather Industry
- Cleaners & Paint Striping Systems
- North America
- Latin America
- South Asia
- East Asia
- Middle East and Africa
- Emerging Countries
The report starts through the executive summary of the 2-ethylhexyl acetate market, which includes a brief analysis of the key findings and statistics of the market. Furthermore, in this section, analyst has mentioned crux of the market by including overall market approach, target geographies, and differentiating strategies.
Readers can find the definition and a detailed taxonomy of the 2-ethylhexyl acetate market in this chapter, which will help them understand the basic information about the 2-ethylhexyl acetate market. Apart from it, readers will find chemical & physical properties study of 2-ethylhexyl acetate.
This section includes factors that have emerged crucial for the success of key market participants in the global 2-ethylhexyl acetate market.
This section explains the global market volume analysis and forecast for the 2-ethylhexyl acetate market in the forecast period of 2019-2029.
This section of the report delivers detailed pricing analysis of the 2-ethylhexyl acetate market at the regional level for the current year as well as forecast year.
This section highlights the global market value analysis and forecast for the 2-ethylhexyl acetate market in the forecast period of 2019-2029. This chapter includes a detailed analysis of the historical 2-ethylhexyl acetate market, along with an opportunity analysis of the future.
Based on purity, the 2-ethylhexyl acetate market is segmented into purity ≥ 99% and purity < 99%. In this chapter, readers can find information about the annual growth of each segment, market share, and attractiveness analysis based on purity.
This chapter provides details about the 2-ethylhexyl acetate market based on its application areas, and has been classified as follows- industrial solvents and performance chemicals. In this chapter, readers can understand the market value share analysis of above mentioned segments with their absolute $ opportunity over the forecast period.
The subsequent chapter gives details about the 2-ethylhexyl acetate market based on its end use, and has been classified as follows- automotive & aerospace, paints & coatings, leather industry, cleaners & paint striping systems, and others. In this chapter, readers can understand the market value share analysis of above mentioned segments with their absolute $ opportunity over the forecast period.
This chapter explains how the 2-ethylhexyl acetate market will grow across various geographic regions such as North America, Latin America, Europe, South Asia, East Asia, Oceania, and the Middle East and Africa.
This chapter includes a detailed analysis of the growth of the North America 2-ethylhexyl acetate market, along with a country-wise assessment that includes the U.S. and Canada. Readers can also find the pricing analysis, impact analysis of market dynamics, and market growth according to various segments and countries in North America.
This chapter provides the growth scenario of the 2-ethylhexyl acetate market in Latin American countries such as Brazil, Mexico, and the Rest of Latin America. Along with this, an assessment of the market across target segments has been provided.
Important growth prospects of the 2-ethylhexyl acetate market based on its end users in several countries, such as Germany, France, Italy, the U.K., Spain, BENELUX, Russia and Rest of Europe, are included in this chapter.
In this chapter, readers can find the growth prospects of the 2-ethylhexyl acetate market in India, ASEAN, and Rest of South Asia with the impact of market dynamics over the forecast period.
This chapter highlights the growth of the 2-ethylhexyl acetate market in East Asia by focusing on China, Japan, and South Korea. This section also helps readers understand the key factors that are responsible for the growth of the 2-ethylhexyl acetate market in East Asia.
In this chapter, readers can find detailed information about the growth parameters of Australia and New Zealand 2-ethylhexyl acetate markets during the forecast period of 2019-2029.
This chapter provides information about how the 2-ethylhexyl acetate market will grow in prominent countries in the MEA region, such as GCC Countries, South Africa, Turkey, and Rest of MEA, during the stipulated time period.
This section gives the detailed analysis of how the 2-ethylhexyl acetate market will grow in emerging countries in China, India, and Mexico along with their PEST analysis.
In this chapter, readers can find detailed information about the industry structure. Furthermore, readers can find a comprehensive list of all the prominent stakeholders in the 2-ethylhexyl acetate market. In the TOC segment, the team has mentioned key players in the 2-ethylhexyl acetate market.
This chapter includes a list of acronyms and assumptions that provide a base to the information and statistics included in the 2-ethylhexyl acetate market report.
This chapter helps readers understand the research methodology followed to obtain various conclusions as well as important qualitative and quantitative information about the 2-ethylhexyl acetate market.
How the research was conducted?
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- Current market dynamics and challenges
- Yesteryear trends
- Market characteristics
- Market performance and growth quadrants
- Competition structure and market structure
- Strategic growth initiatives
- Near-term and long-term market growth prospects
- Market segment splits and authenticity
- Opinions on market projections and validity of assumptions
- Industry Publications
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Primary Interview Splits