Global 2-Ethylhexanoic Acid Market was valued US$ XX Bn. in 2019 and is estimated to grow at CAGR of 6.3 %, to reach US$ XX Bn. during the forecast period from 2020 to 2027.
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2-Ethylhexanoic Acid C8H16O2 is a colourless aliphatic carboxylic acid industrially used to manufacture lipophilic metal derivatives and widely used as a wood preservative, and Plasticizers.
The report covers worldwide 2-Ethylhexanoic Acid Market size in value and volume with market dynamics by region. All the segments and their detailed evaluation of the trend’s opportunities, challenges, consolidation, and factors affecting the market analyzed in the report.
The factors driving the growth of the 2-ethyl hexanoic acid market is the growing demand of polyvinylchloride (PVC) plasticizers and synthetic lubricants from the end-use industries and huge investments in the construction industry including commercial complexes, airports, hotels as to growing population, changing lifestyle and presence of large manufacturers. 2-ethyl hexanoic-based acid is largely used in the production of paints & glass for construction. Advancements of new construction projects and the adoption of environmental-friendly paints in construction will positively affect the growth of the 2-ethyl hexanoic acid market over the next five years. Furthermore, the rise in population and growing awareness about personal hygiene offers lucrative growth opportunities as 2-Ethylhexanoic acid is widely used as lubricant & emollient in cosmetics and personal care products.
On the contrary, High cost on production and fluctuating price of raw material coupled with stringent regulation & regulatory approvals required for product development hampers the growth of the global 2-Ethylhexanoic Acid market.
Global 2-Ethylhexanoic Acid Market: Market Segmentation
The report covers competitive analysis of the 2-Ethylhexanoic Acid Market in each of the geographical segments thereby providing insight into a market share of the countries.
Based on Application, PVB plasticizers hold the largest share of XX % in term of revenue and is expected to grow at a CAGR of XX % during the forecast period from 2019 to 2027. Thanks to growing demand in the glass industry. PVB plasticizers tend to show excellent shine, high tensile strength, and transparency to the glass. Surging use of PVB in construction & infrastructure sectors is expected to upsurge the demand for 2-ethylhexanoic acid in the coming forecast.
Based on End-User, paints and coatings industries held a Market share of XX % in 2019 and is expected to grow significantly owing to preventing corrosion and environmentally friendly nature as it uses water-based coatings which is less harmful and does not emit volatile organic compounds (VOCs), unlike oil-based coatings. Thus, growing infrastructure development and rising residential construction enlarge the demand for water-based coatings which in turn boost the growth in the upcoming forecast.
Global 2-Ethylhexanoic Acid Market1
Global 2-Ethylhexanoic Acid Market: Geographical Analysis
By geography, Asia Pacific dominated the Global 2-Ethylhexanoic Acid Market with xx% of market share in 2019 and is forecasted to keep its dominance at CAGR of X.X % over the forecast period. The dominance is mainly due to the growing demand to produce glass and paints due to increasing construction projects and development in coatings & paints industry from emerging countries such as China and India. Furthermore, the steady growth of 2-ethyl hexanoic acid as Emollients and Polyvinylchloride (PVC) stabilizers in Cosmetics and automotive boost the demand for 2-ethyl hexanoic acid.
Apart from APAC, Europe and North America are major consumers having significant growth in North America hold xx% of the market share owing to growing infrastructure and increasing construction activities.
Besides, Europe holds xx% of the market share due to stringent regulation imposed by European Environment Agency (EEA) on the emission rate of VOCs force regional vendors to downshift their attention towards the production of eco-friendly paints expected to fuel the 2-Ethylhexanoic Acid Market growth in this region.
Competitive Analysis: Global 2-Ethylhexanoic Acid Market:
The report of Global 2-Ethylhexanoic Acid Market analysis gives a brief insight leading manufacturer and dominant multinational players operating in the market. The Perstorp Group, The Eastman Chemical Company, BASF SE, OXEA Chemicals, and Elekeiroz are some of the major competitor in the market adopting various market strategy, acquisitions to retain their position in the market.
The objective of the report is to present a comprehensive analysis of the Global 2-Ethylhexanoic Acid Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding Global 2-Ethylhexanoic Acid Market dynamics, structure by analyzing the market segments and projects the Global 2-Ethylhexanoic Acid Market size. Clear representation of competitive analysis of key players By Pathogen Type, price, financial position, Application portfolio, growth strategies, and regional presence in the Global 2-Ethylhexanoic Acid Market make the report investor’s guide.
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Global 2-Ethylhexanoic Acid Market, By Production
Global 2-Ethylhexanoic Acid Market, By Application
• Synthetic Lubricants
• PVB Plasticizers
• PVC Stabilizers
• Paint Dryers
Global 2-Ethylhexanoic Acid Market, By End-User
• Personal Care & Cosmetics
• Paints & Coatings
Global 2-Ethylhexanoic Acid Market, By Region
• North America
• Asia Pacific
• The Middle East and Africa
• Latin America
Global 2-Ethylhexanoic Acid Market, key Players
• The Perstorp Group
• BASF SE
• The Eastman Chemical Company
• OXEA Chemicals
• WEGO CHEMICAL GROUP
• SRL Pharma GmbH
• ADEKA Corp.
• DPx Fine Chemical
• Tradename Chemistry
• I&I Solutions
• Shenyang Zhangming
• KH Neochem Co., Ltd
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