Global 2-Ethylhexyl Acrylate Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global 2-Ethylhexyl Acrylate Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Market Overview:

The latest research study on the global 2-Ethylhexyl Acrylate market finds that the global 2-Ethylhexyl Acrylate market reached a value of USD 1422.46 million in 2022. It’s expected that the market will achieve USD 1534.64 million by 2028, exhibiting a CAGR of 1.27% during the forecast period.

Influence of COVID-19 Outbreak on 2-Ethylhexyl Acrylate Industry Development

The impact of COVID-19 on the 2-Ethylhexyl Acrylate industry will involve all major links and all entities in the industry chain. The company's management efficiency has declined, commuting has been severely impeded, production plans have been severely impeded, network expansion has been delayed, marketing has been delayed, brand adjustments have been forced, market sales have declined, and company and employee income have been damaged.

The negative impact of COVID-19 on SMEs is more obvious. The suspension of production not only exacerbates the shortage of funds for SMEs, but also reduces the solvency of the enterprise and may affect production and sales. Some enterprises have difficulty operating and even go bankrupt.

The final impact of the epidemic on the 2-Ethylhexyl Acrylate industry will depend on when the epidemic is controlled. However, so far, the turning point has not yet arrived, and the negative impact of the epidemic on the global industrial chain has already emerged. Therefore, we expect the 2-Ethylhexyl Acrylate industry to experience negative growth this year.

Challenges

The 2-Ethylhexyl acrylate industry is very competitive. Some companies with cost or technological advantages are less affected. However, as more and more companies launched similar products, competition between similar products intensified, and some developing countries also experienced price wars. If the newly entered company does not have a strong capital background and mature sales channels, it is difficult to gain a place in the market.
The development of the world economy is mainly attributed to the development of world trade. The development of world trade depends to a great extent on the good relations between various economic entities. If the main economic entities conflict, it will not only affect political, cultural and technological exchanges, but also increase trade frictions, and may even hinder the globalization process and the development of the world economy. 2-Ethylhexyl acrylate industry will also be affected.

The best examples is the trade war between China and the United States in recent years. In this dispute, the United States and China imposed tariffs on each other ’s goods that worth hundreds of billions of dollars. US President Donald Trump has long accused China of engaging in unfair trade practices and theft of intellectual property rights; in China, there is a feeling that the United States is trying to curb its rise as a global economic power. The two countries have still not reached an agreement on the interests of both parties, but the uncertainty of the trade war has hurt businesses and suppressed the global economy.

Region Overview:

Europe had the highest growth rate of all regions.

Company Overview:

The top three companies are BASF, Arkema, Formosa Plastics Corp with the revenue market share of 19.85%, 16.15% and 7.73% in 2019.

BASF is a German chemical company and the largest chemical producer in the world. The BASF Group has subsidiaries and joint ventures in more than 80 countries, and has six integrated production bases and 390 other production bases in Europe, Asia, Australia, the Americas and Africa. Its headquarters is located in Ludwigshafen, Germany. BASF has customers in more than 190 countries / regions and provides products for various industries. As of the end of 2019, the company employed nearly 120,000 employees and has more than 54,000 employees in Germany.

Arkema is a specialty chemicals and advanced materials company headquartered in France. Founded in 2004, Arkema has more than 20,000 employees in 55 countries and regions, 13 research centers around the world, and nearly 140 production plants in Europe, North America and Asia, and other parts of the world. Arkema is divided into three business units: coating solutions, industrial chemicals and performance products.

Segmentation Overview:

Among different product types, Content 99%-99.8% segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Adhesives segment occupied the biggest share from 2018 to 2022.

Key Companies in the global 2-Ethylhexyl Acrylate market covered in Chapter 3:

SRL Chemical
The Toagosei Group
Triveni Chemicals
Arkema
Nippon Shokubai
Sunvic Chemical
Formosa Plastics
LG Chem
DowDuPont
Eastman
Shanghai Huayi Acrylic Acid
Suzhou Shengyu Chemical
Henan Gp Chemicals
Zhejiang Satellite Petrochemical
Taixing Jurong Chemical
Ashland
KH Chemicals
BASF
Mitsubishi Chemical

In Chapter 4 and Chapter 14.2, on the basis of types, the 2-Ethylhexyl Acrylate market from 2018 to 2029 is primarily split into:

Purity Grade 98.0%
Purity Grade 99.0%
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the 2-Ethylhexyl Acrylate market from 2018 to 2029 covers:

Coatings
Textiles
Paper Industry
Leather
Other

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)