Global 2-Ethylhexanoic Acid Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, Foreign Trade, Company Share, 2015-2032

Global 2-Ethylhexanoic Acid Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, Foreign Trade, Company Share, 2015-2032

The global 2-Ethylhexanoic Acid market has expanded to reach approximately 280 thousand tonnes in 2022 and is expected to grow at a healthy CAGR of 3.08% during the forecast period until 2032. The 2-Ethylhexanoic Acid market's primary driver is the expanding demand for plastic products in the packaging sector with industrialization across the globe.

2-Ethylhexanoic acid is a thick and colorless oil. It is obtained in racemic mixed form. Propylene is used as a precursor during industrial production to synthesize 2-ethylhexanoic acid. The liquid has a light odour and belongs to the carboxylic acid family. This acid is frequently used to synthesize metal derivatives that are lipophilic and soluble in organic nonpolar solvents. It is primarily employed as a chemical intermediary in the production of medicines, polyvinylchloride (PVC) stabilizers, plasticizers, paint driers, and artificial lubricants. The primary use of 2-ethylhexanoic acid is in the metallic salts (cobalt and manganese), which are driers for unscented paints & coatings, inks, varnishes, and enamels.

The primary driving factor influencing the market is the rising demand for paints & coatings which are utilized by various industries such as automotive, building & construction, and the metal industry. With the rapid growth of population and spontaneous urbanization, the global consumption of paints & coatings will most likely rise in various industries, which will most likely favor the market growth of 2- ethylhexanoic acid. The global 2-Ethylhexanoic Acid market is anticipated to reach 380 thousand tonnes by 2032.

As of 2022, based on region-wise consumption, Asia Pacific dominates the 2-Ethylhexanoic Acid market with a consumption of approximately 42% of the market. 2-Ethylhexanoic Acid as a PVB plasticizer, offers great transparency, long durability, a high tensile strength, and elasticity. Due to growing demand of usage of PVB films and sheets in the infrastructure and building & construction end-use in developing countries like India, China, and Japan, the 2-Ethylhexanoic Acid is most likely to expand in the forecast period till 2032. Moreover, Asia Pacific also dominates as the producer of the global 2-Ethylhexanoic Acid market owing to the presence of low-cost of labor and raw material in countries like Malaysia is the key player.

Based on the end-use, the global 2-Ethylhexanoic Acid market is segregated into Paints and Coatings, Personal Care and Cosmetics, Lubricants, Plasticizers, and Others. Paints and Coatings have been the leading segment among these industries. In 2022, the Paints and Coatings industry consumed approximately 35% of the market. Coatings are utilized in a variety of industries such as automotive, furniture, marine, aerospace, and general-use sector. Furthermore, Personal Care and Cosmetics are other prominent consumer of the 2-Ethylhexanoic Acid market.

Major players in the production of Global 2-Ethylhexanoic Acid are BASF PETRONAS Chemicals Sdn. Bhd., The Perstorp Group, BASF, The Eastman Chemical Company, Elekeiroz, JXDC Chemical CO.,LTD., KH Neo Chem, Co. Ltd., and others.

Years considered for this report:

Historical Period: 2015- 2022

Base Year: 2022

Estimated Year: 2023

Forecast Period: 2024-2032

Objective of the Study:

• To assess the demand-supply scenario of 2-Ethylhexanoic Acid which covers production, demand and supply of 2-Ethylhexanoic Acid market in the globe.
• To analyse and forecast the market size of 2-Ethylhexanoic Acid
• To classify and forecast Global 2-Ethylhexanoic Acid market based on end-use and regional distribution.
• To examine competitive developments such as expansions, mergers & acquisitions, etc., of 2-Ethylhexanoic Acid market in the globe.

To extract data for Global 2-Ethylhexanoic Acid market, primary research surveys were conducted with 2-Ethylhexanoic Acid manufacturers, suppliers, distributors, wholesalers and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for Global 2-Ethylhexanoic Acid market over the coming years.

ChemAnalyst calculated 2-Ethylhexanoic Acid demand in the globe by analyzing the historical data and demand forecast which was carried out considering the historical supply and demand of 2-Ethylhexanoic Acid across the globe. ChemAnalyst sourced these values from industry experts, and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.

Key Target Audience:

• 2-Ethylhexanoic Acidmanufacturers and other stakeholders
• Organizations, forums and alliances related to 2-Ethylhexanoic Acid distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies

The study is useful in providing answers to several critical questions that are important for industry stakeholders such as 2-Ethylhexanoic Acid manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.

Report Scope:

In this report, Global 2-Ethylhexanoic Acid market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

• Market, by End-use: Paints and Coatings, Personal Care and Cosmetics, Lubricants, Plasticizers, and Others
• Market, by Sales Channel: Direct Sale and Indirect Sale
• Market, by Region: North America, Europe, Asia Pacific, Middle East and Africa, and South America.

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